Crypto news

Top crypto companies rank amongst the largest Fintech companies in America despite market challenges. Forbes has released its annual list of the top ten largest fintech companies in the US, providing insights into the dynamic landscape of the financial technology industry. However, this year’s list includes a disclaimer due to the market downturn’s impact on fintech valuations. First on the list was payment processing giant Stripe. The crypto-friendly firm, founded by Irish brothers...

The move will help each business to build teams that have an intimate understanding of their local networks and industries. Venture capital (VC) firm Sequoia Capital has revealed its plans to split up into three distinct businesses. According to the announcement, the new businesses will focus on serving the United States, China, and the Asian markets, albeit separately. Sequoia Capital Cites Reasons for Upcoming Split Sequoia announced plans for the three-way split on Tuesday, sharing...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Tron price started a fresh downside correction from the $0.0855 zone against the US Dollar. TRX price is now trading above $0.0770 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.0777 on the 4-hour chart (data feed via Kraken). The pair could continue...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin price is attempting a fresh increase from the $25,500 zone against the US Dollar. The price is now trading near $27,000 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $26,900 on the 4-hour chart of the BTC/USD pair (data feed from...

Aurora – an Ethereum Virtual Machine (EVM) compatible scaling and bridge solution built on top of the NEAR Protocol blockchain network – announced a strategic partnership with blockchain-based employment cooperative for the Web3 ecosystem called Opolios. Aurora-Opolios Partnership According to the official press release shared with CryptoPotato, the latest integration will enable USDC payments on the Aurora network for independent workers to ramp up payment processes,...

Coinbase CEO Brian Armstrong is not shaken by the U.S. Securities and Exchange Commission (SEC)’s new lawsuit against his exchange. Both the executive and his company responded with brief arguments on Monday as to why Coinbase will reign victorious in its legal battle with the regulator.  A Chance to Win Clarity In a tweet on Tuesday, Armstrong said that Coinbase would be “proud” to represent the crypto industry in its SEC court battle, and to “to finally get some clarity...

The U.S. Securities and Exchange Commission (SEC)’s charges against Coinbase are largely reminiscent of its Binance case from just a day prior –  but also contain some key differences.  Here’s a closer look at the text and implications of the commission’s 101-page lawsuit against America’s largest crypto exchange. Coinbase and Binance: Lawsuits Compared Much like the Binance lawsuit on Monday, the SEC’s first charge against Coinbase was for serving functions of a broker,...

Binance doubled down its efforts on the non-fungible token sector as it announced support for Bitcoin NFTs on Tuesday amidst severe turmoil in the crypto industry. The exchange’s NFT marketplace is the latest contender to step into the Bitcoin NFTs ring following Magic Eden’s support for the same. According to the latest update, the newly added list includes Bitcoin Bandits, Bitcoin Frogs, Bitcoin Pizzas, Bitcoin Punks, Bitcoin Wizards, Block Legends, BTC DeGods, Clay Pepes,...

Bitcoin is up 4.5% on Tuesday despite back-to-back lawsuits from the U.S. Securities and Exchange Commission (SEC) targeting two of the world’s largest crypto exchanges this week. The event has triggered $94 million in liquidations across the market over the last day – mostly consisting of shorts. Per data from Coinglass, $61.5 million in short trades have been cleared over the past 24 hours, alongside $32.4 million in long trades. At writing time, Bitcoin trades for...

A judge ruled that FTX cannot join confidential mediation sessions between bankrupt crypto lender Genesis Global Holdco and its parent company Digital Currency Group (DCG). The ruling days after Genesis denied owing FTX anything. According to the Bloomberg report, US Bankruptcy Judge Sean Lane refused to open the settlement talks to the SBF-founded beleaguered crypto exchange, which claims that Genesis owes it $3.9 billion. In a ruling on June 5th, Lane stated, “There will be...