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Cryptocurrency News

Location American Cryptocurrency News for 11 June 2023
Economist Jim Rickards Predicts Unveiling of New BRICS Currency -- Says 'the World Is Unprepared for This Geopolitical Shock Wave' Jim Rickards, an economist and the author of "Currency Wars," has predicted the unveiling of a new BRICS currency, stating that it "could weaken the role of the dollar in global payments and ultimately displace the U.S. ...
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TrueUSD Loses Dollar Peg Following Minting Suspension with Prime Trust TrueUSD, a major fiat-collateralized stablecoin, has lost its peg following the announcement that it has suspended minting activities through its technology partner Prime Trust. In early Saturday hours, TUSD started dist...
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Russian Banker Predicts End of Dollar Dominance as Global Power Shifts Russia's second-largest bank's chairman has predicted the end of U.S. dollar dominance. He believes that the Chinese yuan will replace the U.S. dollar as the dominant currency. “I think that the time has come when Chin...
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Rich Dad Poor Dad Author Robert Kiyosaki Warns of 'Greatest Real Estate Crash Ever' Rich Dad Poor Dad author Robert Kiyosaki has warned that the real estate market is on the verge of a crash that will be worse than the 2008 financial crisis. Noting that it will be the greatest crash “ever,” he stres...
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Bitcoin Dominance Soars to 47.5%: Highest Level in a Year as Other Crypto Assets Suffer On June 10, 2023, bitcoin is dominating with a market capitalization dominance of 47.5%, marking its highest level since this time last year, according to coinmarketcap.com. Meanwhile, ethereum’s dominance is holding s...
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Former SEC Chairman Jay Clayton on Enforcement Actions: Crypto Should Be Treated With 'Nuance' Jay Clayton, former U.S. Securities and Exchange Commission (SEC) chairman, gave his opinion about how the organization approaches enforcement in the crypto space. In a Bloomberg Invest panel, Clayton stated that while h...
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A sideways Bitcoin price could lead to breakouts in ETH, XRP, LDO and RNDR If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies.
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Notions of DAO Immunity Sink as CFTC Lawsuit Declares Ooki DAO a 'Person' Under the Law On June 9, 2023, the Commodity Futures Trading Commission (CFTC) declared victory in a lawsuit against Ooki DAO, a decentralized autonomous organization. According to the CFTC, the judge’s ruling that the Ooki DAO is a...
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Binance Faces Regulatory Hurdle in Nigeria: Ordered to Cease Operations Binance, the world's largest cryptocurrency exchange by trading volume, has been ordered to cease operations in Nigeria by the country's Securities and Exchange Commission (SEC). In a recent statement, the regulator decl...
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SEC Lawsuits Fuel Bitcoin and Ethereum Exodus From Exchanges: Nearly $1 Billion Withdrawn in 7 Days It has been six days since Binance faced a lawsuit from the U.S. Securities and Exchange Commission (SEC), and five days since Coinbase encountered a similar legal challenge. In the wake of these events, a substantial am...
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Crypto.com Confirms Arena Name Won't Change Despite Institutional Exchange Shutdown The Las Angeles-based sports and entertainment arena, Crypto.com Arena, will be keeping its name despite the cryptocurrency exchange's decision to shut down its institutional exchanges in the United States. On 9 June, Cr...
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Bitcoin Price Prediction as the Crypto Markets See Huge Selling Volume Coming In - Where is the BTC Bottom? Amidst the Crypto Markets' huge selling volume, Bitcoin's position has been questioned. As investors grapple with significant selling pressure, they seek answers: where is the bottom for Bitcoin? In this Bitcoin price pr...
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Binance, Coinbase, Robinhood: A Week of Crypto Crackdowns and Regulatory Fallout -- Week in Review Seismic shifts have been occurring in crypto this past week, with the United States Securities and Exchange Commission (SEC) leaning remarkably further into what some call its “regulation by enforcement” approach, as...
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U.S. Senator Lummis revamps efforts for crypto regulations amid SEC lawsuits The regulatory framework will allow individuals and companies to own and trade digital assets in America.
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Founders of Collapsed Crypto Fund, Three Arrows Capital, Turn to Bali and Shrooms The founders of collapsed cryptocurrency hedge fund, Three Arrows Capital, have been living the high life in Bali after their company's failure last year. Kyle Davies and Su Zhu, both 36, almost disappeared from public v...
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European Consumer Organization Calls for Curbing Crypto Promotion on Twitter, Tiktok BEUC, the European Consumer Organization, has urged Brussels to clamp down on the promotion of crypto assets on social media. The umbrella group calls for implementing stricter advertising rules on major platforms like T...
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InQubeta (QUBE) Presale Launch Exceeded Market Expectations and Could Experience the Same Success as Ethereum (ETH) Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Crypto enthusiasts and analysts are always trying to find out which crypto projects have the potential to make money on ...
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The US will find the 'right outcome' for crypto, eventually - Coinbase CEO During an interview with WSJ, Coinbase CEO Brian Armstrong explained that entrepreneurs who departed from the United States will return when the government finds the "right outcome" for crypto regulation.
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Nigerian Regulator Labels Binance Affiliate's Local Operations Illegal The Nigerian Securities and Exchange Commission has said crypto exchange Binance’s local affiliate “is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal.” The re...
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