Crypto news

Matrix Port – a provider of crypto and blockchain services – is confident that in a year and a half from now (at the end of 2024), the price of bitcoin will rise to a whopping $125,000. Matrix Port: Bitcoin Is Going to Rise, Rise, Rise The company is basing its hypothesis on historical data, which includes former bullish trends and significant increases in market value. Matrix Port believes that these little points will repeat themselves and ultimately bring the...

The U.S. Securities and Exchange Commission is leaving securities enforcement up to the CFTC when it comes to cryptocurrency. While the commission rushes ahead of Congress to write the entire federal crypto policy by lawsuit, the CFTC is going for more clear-cut violations. The Commodity Futures Trading Commission took the lead late last week and filed charges of securities fraud against a cryptocurrency business in Florida. It filed the charges in the U.S. District Court for...

Bittrex reached a $24 million settlement with the US Securities and Exchange Commission (SEC). Under this arrangement, Bittrex and Bittrex Global have settled with the federal regulator, agreeing to make payments totaling $14.4 million for disgorgement (repayment of unjust profits), $4 million for prejudgment interest, and $5.6 million in civil penalties to resolve the legal conflict. Even though both parties were able to avoid the effort and cost of litigation, Bittrex CEO...

[PRESS RELEASE – San Francisco, USA, August 16th, 2023] Linera reaches a total of $12M in seed funding. The new round of funding was led by Borderless Capital with contributions from a16z crypto, Laser Digital Ventures, Matrixport, Flow Traders, GSR Markets, and more Linera, the first blockchain network scalable via microchains, has successfully closed an additional $6M round, led by Borderless Capital. Founded by Mathieu Baudet, former Meta researcher on the Novi digital...

Michael Burry, one of the Tradfi banking industry’s most notorious bears, just put a $1.6 billion hit out on the U.S. stock market. What happens to bitcoin while the grownups are fighting? The Scion Capital founder, who famously shorted mortgage-backed securities before the 2007 housing crisis, just gave the stock market a $1.6 billion shove of puts in SPY and QQQ! Michael Burry Bets $1.6B on Stock Market Crash Steve Anderson writes at TipRanks: “Michael Burry made a name for...

Could the new BlackRock bitcoin-based exchange-traded fund (ETF) application help pave the way for a Coinbase and SEC settlement or relationship? According to some analysts, the answer is “yes.” Coinbase Could Be Successful Coinbase was recently listed as a custody provider in the application submitted by BlackRock. This, according to several industry experts, is a huge vote of confidence for the firm given Coinbase is currently under the scrutiny of the SEC,...

CoinspeakerCoinbase Secures Regulatory Approval for US Crypto Futures Trading  With the approval, Coinbase has become the first native crypto company to provide both derivatives and spot trading services directly to customers.  Coinbase Secures Regulatory Approval for US Crypto Futures Trading 

CoinspeakerUS Crypto Mining Industry Forms DEC to Address Wrong Beliefs About Sustainability  Dubbed the Digital Energy Council (DEC), the team is in Washington DC and was established on the 15th of August. US Crypto Mining Industry Forms DEC to Address Wrong Beliefs About Sustainability 

CoinspeakerUS SEC Extends Bitcoin ETF Approvals Decision to 2024 The United States Securities and Exchange Commission has announced an extension of the numerous pending Bitcoin Exchange-Traded Fund approvals decision until 2024.  US SEC Extends Bitcoin ETF Approvals Decision to 2024

Larry Fink – the CEO of BlackRock, which recently applied to the Securities and Exchange Commission (SEC) for a bitcoin-based exchange-traded fund (ETF) – said he thinks bitcoin is akin to digital gold, and he feels it has the power to truly revolutionize the financial arena. Larry Fink Thinks Highly of BTC The application was initially rejected by Gary Gensler and the SEC, who claimed the details in the document were not comprehensive enough. However, a ray of...