Tag Archives: AA News

A US court has ordered the Securities and Exchange Commission to respond to Coinbase’s complaint about clarity on whether the securities regulator would allow the industry to be regulated using existing frameworks. The latest development emerges amidst escalating tensions between the SEC and Coinbase, with the former ramping up enforcement actions and warnings against crypto firms, including the US crypto giant. SEC’s 10-Day Deadline Coinbase chief legal officer Paul Grewal...

Republican Senator John Kennedy of Louisiana called banks “sophisticated Ponzi schemes” while discussing the US banking crisis that’s claimed multiple crypto-supportive financial institutions in the past two months.  The politician also spoke on the state of inflation, which he believes the Federal Reserve will need to bring to at least 8% to cool down.  Banks Are Ponzi Schemes? In an interview with CNBC that aired in full on Friday, Kennedy stressed that banks “exist on the...

The authorities of Israel have reportedly seized around 190 cryptocurrency accounts at Binance since 2021, saying some of those were tied to the terrorist groups – Hamas and Islamic State. The exchange claimed that Reuters (the media outlet that informed about the confiscation) is “deliberately leaving out critical facts to fit their narrative.” It asserted that anti-money laundering and preventing terrorist activities remain a key focus for the company. The Reuters/Binance...

Pepe Coin (PEPE) has been one of the best performers in the crypto sector lately, with its price surging by over 900% for the past seven days. It marked another 60% increase during the last 24 hours, while its market capitalization skyrocketed to above $1 billion. The hype around the coin seems to be an isolated case since other memecoins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Floki Inu (FLOKI) have not recorded any significant gains recently. The remarkable...

Nigeria’s Federal Ministry of Communications and Digital Economy (FMCDE) has approved the National Blockchain Policy as the country doubles down on creating a blockchain-powered economy. The adoption of the policy by the government will pave the way for the formal utilization of the technology in the country, which has seen significant crypto adoption in recent years. The FMCDE believes its implementation will have a positive effect on both the public and private sectors in...

Santiment – a crypto markets intelligence platform – has a bullish outlook on Bitcoin after the Federal Reserve increased its benchmark interest rate by another 25 basis points on Wednesday.  In a follow-up blog post, the firm claimed that the top crypto is showing “some promising rise potential” – particularly as its correlation to equities continues to weaken.  What’s Next for Bitcoin? In its latest insight report, the company said that the market’s initial reaction to the...

North Carolina’s House of Representatives unanimously voted in favor of a bill banning the acceptance of Central Bank Digital Currencies (CBDCs) by government entities.  The legislation follows a wave of vocal opposition to CBDCs from the Republican party, alongside some critics from the Democrat side.  North Carolina Rejects CBDCs The vote on May 3 saw 118 House members agreeing to pass House Bill 690, while just two members abstained from the vote, and none voted against...

According to data from the crypto financial service platform Matrixport, the narrowing wedge that has been in formation for the past three weeks is about to break to the upside. Such a trend could project a move higher by an equal amount to the range at which the triangle started to form. A breakout could lead to a 6,100-point move higher in the price of Bitcoin, which establishes a target of $35,000-$36,000. Such an uptrend would represent nearly 20% gains from the current...

Pepe Coin (PEPE), a memecoin launched in mid-April, has quickly emerged as one of the sensations in the cryptocurrency industry. Its price has skyrocketed by a staggering 638% for the past week, whereas the gains for the past 24 hours alone reached 90%. The asset’s market capitalization has also skyrocketed to almost $700 million. Some possible reasons behind the substantial rise could be the overall positive condition of the market following the Fed’s latest interest rate...

Injective – a layer 1 blockchain – announced the integration of Pyth with the Injective mainnet. The move should allow decentralized applications (dApps) to access any of Pyth’s on-chain data for hundreds of markets covering equities, commodities, and foreign exchange pairs, in addition to crypto. According to a press release shared with CryptoPotato, Injective revealed that the integration is a first for the Cosmos IBC ecosystem positioning Injective as the first IBC-enabled...