Bitcoin (BTC)

Bitcoin registered two consecutive days of price increases for the first time in a while as it pumped from under $25,000 to just shy of $27,000 within this timeframe. ETH’s performance is rather similar, as the second-largest crypto now sits at $1,750. Most other altcoins are in the green as well. BTC Soars to Weekly High The SEC’s lawsuits against Binance and Coinbase took their toll on the cryptocurrency market, with BTC slumping last week to $25,400, even though it wasn’t...

After several days of depressing price movements, bitcoin finally went on the offensive and shot up by almost $2,000 in the past 24 hours to register its highest price tag since June 8. Expectedly, this has resulted in millions of dollars worth of liquidations, with short positions representing almost 80%. Following the SEC’s lawsuits against the two largest crypto exchanges – Binance and Coinbase – as well as the CPI numbers from Wednesday and the Fed’s pivot from its...

Binance is also preparing a BNB Chain layer-2 scaling solution to improve network transaction speeds and costs. Separately, the firm announced on June 15 that Binance Pool has launched a “Bitcoin Transaction Accelerator.” The new solution will allow users to confirm their transactions on the Bitcoin network quicker regardless of any potential network congestion issues, it noted. Binance Pool is the exchange’s service platform dedicated to improving the income of BTC miners....

Après avoir chaleureusement accueilli Changpeng Zhao [1] à Bercy en novembre 2021, nos autorités nationales révèlent aujourd’hui, dans le sillage de la SEC [2], une enquête contre Binance, accusé notamment d’avoir illégalement exercé en France sans avoir préalablement été enregistré en tant que PSAN [3] auprès de l’AMF [4]. 3 novembre 2021 : Lors d’une discussion publique avec Cédric O, alors secrétaire d’Etat au numérique, CZ annonce...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Buncombe County commissioners in North Carolina are taking a page out of New York’s crypto playbook and are enforcing a one-year moratorium on all crypto mining operations so they can explore regulations and laws. North Carolina County Halts Crypto Mining Planning director Nate Pennington said in an interview:...

There aren’t too many favorable developments within the cryptocurrency community lately. It all started last Monday when the US SEC decided to begin a legal battle against Binance and doubled down on its crackdown against large crypto exchanges by suing Coinbase the very next day as well. Expectedly, these rather unexpected events led to massive price crashes for the majority of crypto assets. Nevertheless, many managed to recover most losses by the end of last week, but it...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A new bill proposed by New York Attorney General Leticia James would give her state a basic framework for crypto regulation. Among the provisions in the bill are exchanges being required to reimburse customers if they are the victims of fraud or theft. Leticia James Seeks to Introduce Basic Regulation New York...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Between his shady infrastructure bill, attempting to shut the crypto industry out of traditional or standard financial products, and now a 30 percent tax proposal on all crypto mining operations, Joe Biden is arguably turning out to be the most anti-crypto “leader” in the history of the U.S. Biden + Crypto =...

The ongoing regulatory enforcement actions are threatening to drive US crypto businesses offshore. The implications of such a shift for the country’s economy are significant, something that has translated into declining crypto prices, making investors even more jittery. While the market’s concerns regarding the potential removal of the US retail investor from the crypto capital markets are palpable, Arthur Hayes believes the fear is misplaced. Elimination of US Retail...

While announcing Coinbase and Cash App as the new partners, Bitkey referred to some information it passed in March. Bitkey, a self-custody Bitcoin wallet app by Jack Dorsey’s Block, is partnering with Cash App and crypto exchange Coinbase (NASDAQ: COIN). The Bitcoin wallet application announced its first two global partners on June 15, noting that it aims to make self-custody more accessible. In addition to enabling customers to purchase, the alliance assures control over private keys....