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Cryptocurrency News

Location American Cryptocurrency News for 8 June 2023
UK FCA Proposes Ban on Crypto Incentives in Tough New Marketing Rules The Financial Conduct Authority said it will treat crypto like a high risk investment, and will consult on new guidance for its rules on promotions.
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JPMorgan CEO Jamie Dimon Urges Against Challenging US Dollar's Reserve Currency Status JPMorgan Chase CEO Jamie Dimon has urged against challenging the U.S. dollar's reserve currency status amid the ongoing de-dollarization trend globally. "The United States is the fundamental foundation of the global econ...
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SEC Summons Binance CEO CZ as Lawsuits Shake Cryptocurrency Industry The United States District Court in Washington, D.C., at the request of the Securities and Exchange Commission (SEC), summoned Binance CEO Changpeng Zhao (CZ) on Wednesday. Binance CEO CZ Challenged by SEC Summons as Leg...
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Terra Luna Co-Founder Do Kwon's Political Ties in Montenegro Under Investigation Terra Luna (LUNA) co-founder is making headlines again, this time looking into his relationship with Montenegro's political elite. The news comes after Montenegrin politician Dritan Abazovic, in collaboration with politi...
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Australia's Commonwealth Bank Will Partially Restrict Payments to Crypto Exchanges The Australian bank announced on Thursday that will decline "certain payments" to crypto exchanges or hold them for a period of 24 hours.
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Digital Art Collective Wildxyz Introduces Curatorial Board to Grow Experiential Art Program The 10 artists, including Deafbeef, Casey Reas and Harm van den Dorpel, will advise the platform's artist residency program.
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US Justice Department Objects to Bittrex's Plan To Repay Customers in Bankruptcy Proceedings The US Department of Justice objected to a proposal by crypto exchange Bittrex to return money to customers as part of its liquidation plan. Bittrex filed for bankruptcy in May in a federal court in Delaware after facing...
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NFT Inspect Introduces New PFP Discovery Tool for Twitter The recently-resurrected NFT analysis platform has a new Chrome browser extension that provides real-time data on Twitter PFPs.
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Solana Foundation: SOL is 'Not a Security'

Coin Desk - 8 Jun 2023 23:04
Solana Foundation: SOL is 'Not a Security' SOL, the native token of the Solana blockchain, was declared an unregistered security in this week's SEC lawsuits against crypto exchanges Binance.US and Coinbase.
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Bitcoin Now Undervalued vs S&P 500, According to This Metric Bitcoin (BTC) is now undervalued versus the S&P 500. That's according to a metric that runs an Ordinary Least Squares (OLS) regression of the relationship between bitcoin and S&P 500 over the last 200 days to estimate of...
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Do Kwon Moved $29 Million Worth of Coins Since Arrest, Prosecutor Says Founder of Terraform Labs, Do Kwon, has withdrawn millions of dollars in crypto from an entity linked to his failed blockchain firm, investigators claim. South Korean authorities are now trying to locate the digital asse...
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Quantum miners would yield 'massive' energy savings for blockchain: Study University of Kent researchers compared three quantum systems to an ASIC miner, and the quantum machines were demonstrably more energy efficient.
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Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter.
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Bitcoin Price Prediction as Key Support at $26,000 Holds, Building Potential for Hidden Bullish Divergence - Time to Buy? As Bitcoin continues to hover around the key support level of $26,000, there is growing speculation about the potential for a hidden bullish divergence in its price. This development has caught the attention of investors...
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Fitness App Sweat Economy to Decide Fate of 2.5 Billion Abandoned Tokens Move-to-Earn fitness platform Sweat Economy has proposed a governance vote to reassign over 2 billion abandoned SWEAT tokens. The protocol had assigned billions of SWEAT tokens to users who signed up during its token gen...
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Blockchain Comes to Internet Browsers: ENS to Launch .box Web Domains in September The leading Web3 identification project, Ethereum Name Service (ENS), is launching a new domain name extension dubbed .box in September 2023. The lead developer of ENS, Nick Johnson, shared this update on Twitter on June...
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Optimism Says Ether Now Treated as Native Cryptocurrency Alongside OP Token Representatives of the layer-2 network atop Ethereum confirmed the change in the treatment of ETH after CoinDesk observed a $550 million transfer in blockchain data. The change occurred in conjunction with Optimism's "Be...
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SEC Chair Gensler's Alleged Past Interest in Advising Binance Surfaces Amidst Legal Battle Lawyers for Binance claim that current U.S. Securities and Exchange Commission (SEC) chair Gary Gensler once sought to become an advisor for the exchange back in 2019. This purported application occurred while Gensler wa...
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How to find the next big altcoin before it pumps

Coin Telegraph - 8 Jun 2023 20:30
How to find the next big altcoin before it pumps Join us as we discuss the best way to find the next big altcoins before they pump and what every trader should be doing right now.
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Amid Crypto Chaos, Soros Fund CEO Sees Opportunity for Traditional Finance Soros Fund Management CEO Dawn Fitzpatrick has expressed her continued faith in cryptocurrency, despite the recent setbacks. During a recent Bloomberg investment summit, Fitzpatrick mentioned that although it is a testin...
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Gen Z Investors Favor Crypto, But Experts Warn of Potential Risks Crypto is the top choice for Gen Z investors, driven by their exposure to technology, social media, and easy investment access, according to a joint report by American finance industry organizations the CFA Institute and...
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Bitcoin rebound falters amid SEC crackdown on exchanges, raising chance of a BTC price capitulation Regulatory concerns continue to impact the entire crypto market, and this week's BTC options expiry could play a decisive role in pushing the Bitcoin price under $26,000.
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