Bitcoin, alongside the rest of the crypto market, shot up following the news that a US court has sided with Grayscale in its battle against the SEC. Naturally, this volatility brought massive pain for over-leveraged traders as the liquidated short positions skyrocketed to about $80 million within an hour. CryptoPotato reported Grayscale’s court victory earlier today, which essentially meant that the SEC is now obligated to review the asset manager’s request to turn its...
Read More »The SEC Sees Crypto Differently from Practically Everyone Else
The Securities and Exchange Commission (SEC) sees crypto in a very negative light. However, according to many analysts, the financial agency stands alone in its views, and everything it considers differs heavily from the thoughts and ideas of the rest of the world. The SEC is Very Crypto Strict One of the big things the SEC believes is crypto exchanges are like securities exchanges, and they must be treated and regulated as such. Gary Gensler – the man in charge...
Read More »Binance Removes P2P Support for Banco de Venezuela
[unable to retrieve full-text content]CoinspeakerBinance Removes P2P Support for Banco de Venezuela Binance discontinues support for Venezuela's Banco de Venezuela to avoid sanctions violations, following similar actions with Russian banks. Binance Removes P2P Support for Banco de Venezuela
Read More »Xiaomi Records Q2 2023 Revenue Dips amid Chinese Phone Market Chaos
[unable to retrieve full-text content]CoinspeakerXiaomi Records Q2 2023 Revenue Dips amid Chinese Phone Market Chaos The decline in handset sales, a challenge faced not only by Xiaomi but also by other smartphone manufacturers, has pushed the company to explore new avenues for growth. Xiaomi Records Q2 2023 Revenue Dips amid Chinese Phone Market Chaos
Read More »“Easy Money,” New Anti-Crypto Book By Ben McKenzie, Available for Purchase
Ben McKenzie is an actor known for playing roles on “The O.C.” and “Gotham.” Recently, he published his new anti-crypto book “Easy Money.” Ben McKenzie Doesn’t Think Much of Crypto McKenzie is not a crypto fan; he makes that very clear in the book. Its pages contain long stories and examples of how the digital currency world has affected the world (and the people in it) negatively. When discussing how popular crypto has become amongst his peers in the world of...
Read More »Argo Blockchain Reduces Debt to $75M despite Poor Market Conditions
[unable to retrieve full-text content]CoinspeakerArgo Blockchain Reduces Debt to $75M despite Poor Market Conditions Despite fears of bankruptcy in late 2022, Argo's 2023 mid-year results show a positive shift. Argo Blockchain Reduces Debt to $75M despite Poor Market Conditions
Read More »Wall Street Investors Await Key Inflation and Jobs Data, Treasury Yields Fall
[unable to retrieve full-text content]CoinspeakerWall Street Investors Await Key Inflation and Jobs Data, Treasury Yields Fall The inflation and jobs data will play a crucial role in further market movements. Wall Street Investors Await Key Inflation and Jobs Data, Treasury Yields Fall
Read More »BYD Shares Soar Following Impressive Q2 2023 Earnings Report
[unable to retrieve full-text content]CoinspeakerBYD Shares Soar Following Impressive Q2 2023 Earnings Report BYD faces fierce competition from both domestic rivals and Tesla in a relentless price war. The battle for market share led to price cuts from all sides, with the goal of increasing accessibility and product penetration. BYD Shares Soar Following Impressive Q2 2023 Earnings Report
Read More »FTX Customers Hit by Fresh Email Phishing Attack
[unable to retrieve full-text content]CoinspeakerFTX Customers Hit by Fresh Email Phishing Attack Proactively, the platform has placed a temporary freeze on affected user accounts within the customer claims portal. FTX Customers Hit by Fresh Email Phishing Attack
Read More »Genesis Creditors to Receive 90% in Funds amidst Agreement with DCG
[unable to retrieve full-text content]CoinspeakerGenesis Creditors to Receive 90% in Funds amidst Agreement with DCG In addition to the partial repayment agreement, DCG has also committed to paying an additional $275 million, disbursed in four installments after the date of the initial partial repayment. Genesis Creditors to Receive 90% in Funds amidst Agreement with DCG
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