Crypto news

The overall market cap fell to $1.07 trillion – a level last seen three months ago – before a modest recovery to the press time figure of $1.1 trillion. Bitcoin, for one, dumped close to a two-month-low after weeks of trading largely rangebound in recent months. Several top altcoins posted higher losses prompting concerns about additional market stress. Despite this, on-chain data reflected a bullish picture as investors remained resilient in the face of severe regulatory...

During the winter of 2020, the United States Securities and Exchange Commission fired the first bullet in what would eventually become a dragged-out legal battle against the entire cryptocurrency industry. On December 22nd, 2020, the SEC charged Ripple with conducting a $1.3 billion unregistered security offering, essentially alleging that their native cryptocurrency – XRP – is a security. Two and a half years later, the battle is still raging on, but the proportions are now...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Coinbase is a very large organization. As one of the biggest digital currency trading platforms out there, it didn’t reach its present size and scope by sitting around doing nothing, and now, the company is taking even further action by filing a lawsuit against the Securities and Exchange Commission (SEC) and...

Ethereum’s price finds itself tightly confined within a narrow range, hemmed in by the upper boundary of the descending flag and the 100-day moving average. However, this narrow range is on the verge of being breached, indicating an imminent direction for its next move. Technical Analysis By Shayan The Daily Chart Zooming in on the daily chart, Ethereum has been struggling with the 100-day moving average for an extended period, failing to break below it. Presently, the price...

After breaking above both the 100-day moving average and the descending trendline, XRP has initiated a solid upward trend, reaching a significant resistance region at $0.55. The price action in this crucial zone will play a vital role in determining Ripple’s future direction. Technical Analysis By Shayan The Daily Chart Taking a closer look at the daily chart, once the price surpassed the 100-day moving average at $0.44, it went through a brief correction, testing the moving...

The United States Securities and Exchange Commission has filed a 101-page lawsuit against the leading US-based cryptocurrency exchange – Coinbase. The claim is that the firm has been violating securities regulations. The move came just a day after the SEC also filed against Binance. In the complaint against Coinbase, however, the Commission has made strong claims, classifying a list of 13 cryptocurrencies as securities. One of them is Cardano’s ADA, so let’s have a look at...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Not long ago, Live Bitcoin News published an article suggesting the bitcoin whitepaper was secretly available on every Mac computer out there. Apparently, Mac and Apple caught wind of this little factoid and weren’t fans of what they heard. The whitepaper is now in the process of being taken off all the devices...

WhatsApp Channels will function as a one-way broadcast tool allowing admins to send photos, texts, videos, stickers, and polls. Facebook parent Meta (NASDAQ: FB) has recently confirmed that it will soon debut its broadcasting feature Channels for its most-popular messaging service WhatsApp. Speaking on the development on Thursday, June 8, Meta said that the new Channels feature is similar to a “private broadcast service” wherein individuals and organizations can send messages as well as...

At the time Gensler was offered to be an advisor to Binance, he was teaching at Massachusetts Institute of Technology’s Sloan School of Management. According to the lawyers of Binance and its CEO Changpeng Zhao, SEC chair Gary Gensler was offered to be an advisor to Binance’s parent company in 2019. Interestingly, Gensler has been spearheading the crackdown against the crypto industry over the past year. Binance and other crypto companies are currently under the radar of the US regulator...

The filing by the SEC cites Binance’s operations in Malta with CZ noting that he won’t have to appear in person. As per the lawsuit filed by the US Securities and Exchange Commission (SEC), Binance chief Changpeng Zhao has been summoned to Malta. The SEC has accused the exchange of indulging in shady activities in Malta between 2018 and 2019. Binance chief Zhao cleared the air stating that he won’t need to appear in person to address the summons. “I was told this is just part of the...