Crypto news

Binance also disclosed that the BTC mining subscription service will only be active for 180 days or thereabout. The weight of regulatory pressure from the US Securities and Exchange Commission (SEC) appears to have little or no effect on the activities of crypto exchange Binance. This follows after the exchange recently announced the Binance cloud mining product and services. According to the announcement, the service goes live on Thursday, June 15th, and access to it will be...

The new development aligns with the country’s ambition to become a prominent global hub for crypto. In a bold move aimed at embracing the crypto revolution in Hong Kong, the country’s banking regulator has reportedly exerted significant pressure on major financial services companies, including HSBC and Standard Chartered Bank, to accept crypto exchanges as clients. According to a Financial Times report on Thursday citing three people familiar with the matter, the Hong Kong Monetary...

The recent lawsuit against Twitter for alleged copyright infringement involving music publishers has shed light on the platform’s struggles with music licensing. Social media giant Twitter Inc is no stranger to controversy, but this time it finds itself in hot water as music publishers have filed a lawsuit against the company, seeking a staggering $250 million in damages. The National Music Publishers’ Association (NMPA) is suing Twitter on behalf of 17 music publishers who represent some...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up EOS price started a fresh decline below the $0.80 level against the US Dollar. The price is now trading below $0.750 and the 55 simple moving average (4 hours). There is a short-term bearish trend line forming with resistance near $0.675 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Litecoin is showing bearish signs and trading below $80 against the US Dollar. LTC price is now trading below $78 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $80.60 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could...

Apple has issued a warning to the decentralized social networking company, Damus with expulsion from the App Store if it does not remove a feature that enables Bitcoin payments. Damus, which is based on top of a decentralized social media protocol Nostr, was developed as a Twitter alternative and is backed by Jack Dorsey. Since its debut in February this year, the app has faced significant difficulties when trying to get listed in Apple’s global App Store due to its...

In a temporary respite for Sam Bankman-Fried, the disgraced founder of now-bankrupt cryptocurrency exchange FTX was able to block the addition of new charges in his United States indictment. The ruling comes as the former exec sought an opportunity to make arguments in the country to drop a few existing charges against him. The court order is expected to delay the case in the US. According to a filing this week, the Bahamas Supreme Court Judge Loren Klein granted leave to...

The Federal Reserve opted not to raise its federal funds rate following the Federal Open Market Committee (FOMC) meeting on Wednesday, breaking an uninterrupted streak of aggressive hikes dating back to March 2022.  Bitcoin reacted to the announcement with minimal volatility, staying rangebound between $25,800 and $26,000. Bitcoin traded for $26,000 minutes before the Fed’s announcement, before falling to $$25,756 moments afterward. It trades for $25,868 at press time.  The...

The indicator that displays the general sentiment toward bitcoin – the BTC Fear and Greed Index – dropped to “Fear” territory on June 13 and June 14. The last time the metric remained in that zone for two consecutive days was in the first half of March. One possible reason behind the trend’s change could be the shockwave the US SEC caused on the crypto market after filing lawsuits against Binance and Coinbase. Bitcoin stood well above $27,000 last Monday but went through some...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Crypto investor Balaji Srinivasan has lost $1 million in a failed digital currency bet. Balaji Srinivasan Is Forking Over $1 Million It was originally decided back in March of this year between Srinivasan and a pseudonymous figure on Twitter named James Medlock that a bitcoin bet was in order. Srinivasan said...