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Cryptocurrency News

Location American Cryptocurrency News for 7 June 2023
Coinbase Was Dismissed by the US SEC After Months of Figuring Out How To Register, Chief Legal Officer Says Coinbase was dismissed by the US Securities and Exchange Commission with no response after months of discussing how to register with the agency, the crypto exchange's chief legal officer told lawmakers on Tuesday. Paul G...
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Chinese Yuan, Euro, Digital Currencies Challenge US Dollar Dominance, TD Economist Says A senior economist at financial services firm TD says the Chinese yuan, the euro, and digital currencies could erode the U.S. dollar's dominance. "Several countries have shown frustration with the dominance of the dollar...
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Economics of Bitcoin ATM market could hinder wider adoption Bitcoin of America's shutdown in Connecticut highlights the obstacles for companies operating crypto ATMs.
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Russian Prosecutors to Gain Crypto Confiscation Powers - But There's a Wrinkle The Russian Prosecutor-General is set to let investigators confiscate crypto and liquidate criminals' tokens, with the Treasury hoping to benefit. But legal experts say the plan could hit a roadblock when prosecutors try...
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Bitcoin Life Insurance Startup Raises $19M in Seed Rounds Led by Sam Altman and Gradient Ventures Meanwhile, a life insurance company that uses bitcoin, has accumulated $19 million through two seed funding rounds. The first round was led by Openai CEO Sam Altman and former Stripe executive Lachy Groom, while Google�...
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Binance Records Significant Outflows of BTC, ETH, and Stablecoins Exceeding $1.45 Billion Binance, the world’s largest cryptocurrency exchange by trade volume, saw significant outflows of bitcoin, ethereum, and stablecoins starting on June 3, 2023, according to data from cryptoquant.com. In the past 68 hour...
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Economist Discusses BRICS Currency's Prospect of Becoming Global Currency Economist Alexis Habiyaremye from the University of Johannesburg says that a proposed common BRICS currency, if used effectively and systematically for all trade transactions between BRICS nations, would "alleviate the b...
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Japanese Megabank Mitsubishi UFJ to Launch Stablecoin Issuance Platform in 2024 The Japanese banking giant Mitsubishi UFJ says it will launch a cross-chain stablecoin issuance and interoperability platform next year. In an official Mitsubishi UFJ announcement, the firm stated that it would work with...
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Coinbase CEO Brian Armstrong Says He Was Met With an Coinbase CEO Brian Armstrong said he was met with a "pretty icy reception" when chatting with Securities and Exchange Commission Gary Gensler about registering his exchange. Armstrong said the exchange tried to get a mee...
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'Stand With Crypto' NFT Spreads Across Crypto Twitter Amid SEC Crackdown After the SEC announced separate lawsuits against Binance and Coinbase this week, figures across the crypto space have been minting Coinbase's "Stand with Crypto" NFT to show their support.
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Bitcoin Price Prediction as BTC Rallies Up 7% After SEC Fears Wane - Time to Buy? Bitcoin experienced a significant price surge, rallying up by 7%, as concerns surrounding the SEC's regulatory actions began to subside. This positive development has left investors wondering whether now is the opportune...
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Unraveling the Crypto Crisis: Timeline of Major Incidents The regulatory crackdown on crypto in the US has certainly intensified with the Securities and Exchange Commission's (SEC) lawsuit against Binance and Coinbase, but our timeline shows that the crisis has already been ong...
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YouTube Influencers Predict This Coin Might 20x In 2023 Social media is abuzz talking about the launch of what could be the hottest meme coin since Pepe coin (PEPE). Wall Street Memes is one of the internet's hottest retail investing communities that previously rose to promin...
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The Bitcoin Rich List: An In-Depth Look at the Largest Bitcoin Wallets in Existence Since 2014 Over the past decade, several bitcoin wallets have been named the largest in existence. However, since 2021, Binance has controlled the largest bitcoin address, which currently holds 248,597 BTC and is worth approximatel...
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Price analysis 6/7: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC Bitcoin and most major altcoins are facing selling at higher levels, but there are no signs of panic selling at the moment.
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12 Ways Web3 Media Could Embrace AI

Coin Desk - 7 Jun 2023 21:08
12 Ways Web3 Media Could Embrace AI From chatbots to deep blockchain data analysis, artificial intelligence can help Web3 news organizations function. But there are plenty of pitfalls too.
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Bitcoin Halving Is Coming and Only the Most Efficient Miners Will Survive Only the miners with the lowest energy costs and most efficient equipment will survive the once-every-four-years event.
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Best Crypto to Buy Now 7 June - Optimism, ApeCoin, Lido DAO The U.S. House Financial Services Committee will hold a hearing on June 13 on the topic of cryptocurrencies, potentially giving more clarity to the markets. The committee oversees matters like the Federal Reserve Board, ...
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NFT Lending Is Trending, Raising Concerns of 'Predatory' Platform Behavior Amid an extended crypto winter that has cooled NFT trading, platforms like Blur, Binance and Astaria have introduced new lending options to boost liquidity. While some traders support NFTfi, others say the trend is risky...
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Robinhood Joins Coinbase in Saying It Tried to 'Come In and Register' Like SEC Wanted With Coinbase (COIN) and Binance accused of running illegal exchanges by the U.S. Securities and Exchange Commission (SEC), the latest industry testimony in the U.S. House of Representatives this week revealed that compa...
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Crypto Billionaires Lose Big Amid SEC's 2023 Crackdown on Binance and Coinbase Crypto billionaires have been hit hard by the Securities and Exchange Commission's crackdown on Binance and Coinbase, incurring huge losses so far this week. Binance CEO Changpeng Zhao, known as CZ, has seen his net wort...
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The SEC Is Fighting the Last War

Coin Desk - 7 Jun 2023 19:54
The SEC Is Fighting the Last War SEC chair Gary Gensler wants you to think Coinbase and Binance are the same as FTX and Celsius. They're not.
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