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...
Read More »Hong Kong Mounts Pressure on HSBC and Standard Chartered Bank to Service Crypto Customers
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...
Read More »Twitter Faces $250M Copyright Lawsuit from Music Publishers
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...
Read More »EOS Price Analysis: Downtrend Intact Below $0.80
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...
Read More »Litecoin (LTC) Price Analysis: Risk of More Losses Below $70
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...
Read More »Balaji Srinivasan Forfeits $1 Million in Lost Bitcoin Bet
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...
Read More »Lama Introduces Visa Cards with Bitcoin Cashback to Customers
Lama joins Gate.io, Crypto.com, and Bybit amongst other crypto trading platforms in offering crypto debit cards to customers. Crypto exchange Lama has launched its own branded cards from Visa Inc (NYSE: V). According to a press release shared with Coinspeaker, these cards can enable quick conversion of cryptocurrencies to fiat currencies, allowing users to spend their digital assets and Euros everywhere Visa is accepted. Lama offers both physical and virtual Visa cards to cater to the...
Read More »Treasury Yields Fall in Anticipation of Possible Interest Rate Hike
Data has shown that the US Treasury yields fell as the traders and investors expect the Fed to either increase or postpone a rate hike. US Treasury yields fell on Wednesday as the market anticipates the Federal Reserve’s decision on subsequent interest rate hikes. The 2-year Treasury yield fell to 4.656%, losing 4 basis points, while the10-year Treasury yield fell to 3.808% after losing 3 basis points. Traders generally expect the Fed to resume rate hikes by July, with a 63% chance that...
Read More »Horizen and Auros Join Forces to Drive Mass Adoption of EON and $ZEN Token
Auros, known for providing ample liquidity to exchanges and cryptocurrency projects through algorithmic trading and market-making, stated that they will provide the necessary liquidity to help achieve Horizen’s goals. On June 13th, Horizen, a leading layer 0 public blockchain, announced its strategic partnership with Auros, a global algorithmic trading and market-making firm, to boost the adoption of $ZEN while preparing for the launch of the EON ecosystem. According to Horizon’s...
Read More »Florida Governor Ron DeSantis Defends Crypto and Bashes the Idea of CBDCs
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ron DeSantis – the republican governor of Florida – recently issued a statement defending digital currency. Ron DeSantis is Clearly a Crypto Fan DeSantis has taken issue with the ongoing, anti-crypto agenda enforced by the Biden administration. He stated that one of the big reasons Biden and his fellow,...
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