Cryptocurrency News
Russia's Rosbank Launches Crypto Payments Solution for Cross-Border Settlements
Bitcoin.com - 5 Jun 2023 06:00
Rosbank has become the first large Russian bank to offer clients an option to use cryptocurrencies in international settlements. The solution, provided in tandem with a Russian fintech, is mostly intended to meet the nee...
Blackrock CEO Larry Fink Says US Is Jeopardizing Dollar's Reserve Currency Status
Bitcoin.com - 5 Jun 2023 04:00
The CEO of the world's largest asset manager, Blackrock, has warned that the United States is jeopardizing the U.S. dollar's reserve currency status. He noted that the debt ceiling debate, risk of national default, and p...
US Debt Ceiling Dramas Diminish Dollar's Credibility and Reputation as Safety Asset, Warns Devere CEO
Bitcoin.com - 5 Jun 2023 02:00
The CEO of investment management firm Devere Group has warned that the U.S. debt ceiling dramas have weakened the U.S. dollar's "global reserve currency's credibility and reputation as a 'safety asset.’" He cautioned t...
Tether Expands Investments in Green Bitcoin Mining, Invests in El Salvador's Volcano Energy
Bitcoin.com - 5 Jun 2023 22:00
Following the company’s announcement that it will build a sustainable Bitcoin mining operation in Uruguay, the stablecoin issuer Tether has disclosed its investment in a Salvadoran bitcoin mining operation called “Vo...
Gate.io Exchange Threatens Legal Action Against Bankruptcy Rumor Spreaders
Crypto News - 5 Jun 2023 20:00
Major crypto exchange Gate.io has threatened to take legal measures against those spreading rumors of its possible bankruptcy. "Legal proceedings will be initiated against people who cause panic among investors only with...
Latam Insights --Tether to Start Bitcoin Mining Operations in Uruguay; Lula Proposes Abandoning US Dollar
Bitcoin.com - 5 Jun 2023 11:30
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Tether announces a sustainable Bitcoin mining project in Uruguay, Brazil’s Presid...
Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors
Coin Desk - 5 Jun 2023 23:42
The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.
BNB Plunges 9% as Binance Faces Lawsuit, Exchange's Bitcoin Reserves Record Significant Outflow
Bitcoin.com - 5 Jun 2023 23:30
Following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance and its founder Changpeng Zhao (CZ), the crypto economy experienced a substantial decline of over 5% against the U.S. dolla...
Maybe Bitcoin didn't bottom? SEC lawsuit against Binance shakes BTC bulls' confidence
Coin Telegraph - 5 Jun 2023 23:25
Bitcoin's price dropped to $25,500 after the SEC announced a lawsuit against Binance and Changpeng Zhao, a move which also has BTC bulls wondering if the bottom is truly in.
Binance SEC Lawsuit Could be Preview of What Coinbase May Face, Berenberg Says
Coin Desk - 5 Jun 2023 23:02
If Coinbase faces charges from SEC, at least 37% of the crypto exchange's net revenue would be at risk, analysts says.
Binance Lawsuit Could Be 'Huge Mistake' or Bring Needed Clarity to U.S. Crypto Industry
Coin Desk - 5 Jun 2023 22:27
The Securities and Exchanges Commission's (SEC) suit against the biggest crypto exchange in the world, Binance, could be a huge misstep if other countries allow the crypto industry to develop and it eventually replaces t...
Price analysis 6/5: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC
Coin Telegraph - 5 Jun 2023 22:21
Bitcoin and several altcoins took a beating on reports that the SEC filed a suit against Binance in U.S. district court.
The US SEC Sued Binance and CZ on Monday -- What's in the Complaint?
Crypto News - 5 Jun 2023 22:01
A complaint by the US Securities and Exchange Commission filed against Binance and its CEO Changpeng Zhao unveiled a mix of stark revelations about the world's largest crypto exchange from evading US laws to internal con...
Tether invests in El Salvador's $1B renewable energy project
Coin Telegraph - 5 Jun 2023 21:38
El Salvador's plans to build a billion dollar renewable energy precinct has found a first-round investor in stablecoin issuer Tether.
Crypto Exchange Listing and Delisting Announcements: June 5, 2023 - $LOVE, $SNEK, $WFAI
Crypto News - 5 Jun 2023 21:00
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new ...
China's Web3 Stance: A Glimpse into the Future?
Crypto News - 5 Jun 2023 21:00
China's perspective on web3 has come to light through a recently released white paper that suggests China is open to incorporating web3 into its future internet. In the paper, the term "Internet 3.0" is defined as a "thr...
BNB, CAKE Plummet Following SEC Crackdown on Binance
Coin Desk - 5 Jun 2023 20:58
Both are significant tokens in the Binance ecosystem and had their prices drop by more than 8% over a four-hour period.
Bitcoin Developers Divided Over How to Deal with Meme Coin Explosion - What's Going On?
Crypto News - 5 Jun 2023 20:48
While many celebrate Bitcoin (BTC)'s plethora of new applications related to its new "Ordinals" protocol, developers maintaining the network's source code are in disarray on the matter. Critics claim that new types of tr...
Russian Official Under Fire for Allegedly Accepting $28 Million Bitcoin Bribe
Crypto News - 5 Jun 2023 20:38
The local media outlet, Kommersant, reported details of the highest bribery case in recent years, where an officer received a bribe worth millions of dollars in Bitcoin. The Investigative Committee of the Russian Federat...
Japan Blockchain Week 2023 Receives Backing from the Ministry of Economy, Trade and Industry
Crypto News - 5 Jun 2023 20:25
The Japan Blockchain Week 2023 in Tokyo will commence on June 18 to July 9, 2023. And according to the Chainwire report, the Japanese Ministry of Economy, Trade and Industry (METI) is backing this year's edition. This de...
Crypto Hedge Fund Arca Has Trimmed 30% of Its Staff
Coin Desk - 5 Jun 2023 20:22
Crypto asset manager Arca has cut 30% of its staff amid a continuing bear market and regulatory uncertainty, the company said Monday.
XRP Bucks Market Trend as Proponents Remain Optimistic About Lawsuit Outcome
Bitcoin.com - 5 Jun 2023 20:00
Although the crypto economy has dipped 1.5% in value over the past 24 hours, XRP, the sixth-largest digital asset by market capitalization, has posted gains recently. In the last week alone, XRP has surged over 10%, and ...