Crypto news

The firm also conducted a survey recently to asses the constructive stance of policymakers towards crypto and Web3 in Singapore. Crypto exchange Coinbase is looking into relocating to Singapore as the United States Securities and Exchange Commission rejects the company’s requests for regulatory clarity. The US SEC recently asked the judge to deny Coinbase’s bid to coerce the agency to answer Coinbase’s rulemaking petition. The petition was submitted last year asking for clarity on how...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Tron price started a fresh increase from the $0.0672 level against the US Dollar. TRX price is now trading above $0.0700 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.0695 a major bullish trend line forming with support near $0.0685 on the...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin price is correcting losses from the $26,000 zone against the US Dollar. The price is now trading near $27,000 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $27,250 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair...

Late last month, Coinbase – who had previously been hit with a Wells notice, an informal warning from the SEC usually followed by a lawsuit – asked the courts to force the agency to clearly explain what actions they should take in order to remain compliant. The SEC, on the other hand, remains tight-lipped. Amicable Discussion Preferred According to Brian Armstrong – the CEO of Coinbase – his firm intends to fight the current trend of regulation by enforcement and seeks to...

It’s been a big week for Worldcoin, the blockchain brainchild of OpenAI CEO Sam Altman. The blockchain biometrics project is closing a $100 million funding deal. The investors in this round include new backers in addition to previous ones. Worldcoin’s $100 Million Seed Round Past seed round investors in Worldcoin include a16z (Andreessen Horowitz), Coinbase’s venture capital division, Khosla Ventures, and even Sam Bankman-Fried. (The disgraced FTX founder is currently...

As speculators flocked to mint BRC-20 tokens via text inscriptions, Bitcoin blockspace saw an explosion in demand in recent weeks. This dramatic shift in network activity triggered a surge in transaction fees to levels not seen in the last two years. Signs of Strain A new report published by Bitfinex observed that the inception of BRC-20 and Bitcoin-based smart contracts is transforming the blockchain into a more “dynamic, smart-contract-enabled chain” from its traditional...

Crypto hardware wallet provider Ledger is receiving major backlash from its online user base after releasing a controversial update that many fear exposes major security flaws with the manufacturer.  Ledger has claimed that the new functionality is both safe and entirely optional, but security experts and crypto holders are already distancing themselves from the company.  Ledger’s Controversial Recovery Service Concerns began to swell late on Monday after Reddit user...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Everyone keeps talking about crypto regulation as of late. It appears the topic has gained a lot of steam since crypto exchange FTX collapsed into a steaming pile of bankruptcy and fraud. Regulation Should Wait Until We Can Replace Those in Charge Under normal circumstances, a situation like this would indeed...

Optimism, a popular layer-2 blockchain, is set to release its long-awaited Bedrock upgrade on June 6th at 16:00 UTC. The Bedrock release – which is a complete rewrite of an entire rollup stack – is expected to be the largest upgrade ever released on OP Mainnet with a focus on reducing fees and improving Ethereum compatibility. Bedrock Upgrade According to the official announcement, the upgrade will require 2-4 hours of downtime for OP Mainnet, during which there will be...

Baidu is setting the pace in the AI scene for other tech giants in China. Chinese internet giant Baidu Inc (HKG: 9888) has seen a major uptick in its share price today following the release of better-than-expected revenue. Baidu impressed its investors as one of the top tech giants that saw a major uptick in profitability following the reopening of the Chinese economy after year-long Covid-19 restrictions. According to the data shared by the company, it said it recorded a 31.1 billion yuan...