Tag Archives: United States

Bitcoin’s price has basically been on pause since mid-June, as the asset trades range-bound since then. The exchange rate of BTC to USD remained above $29,000, with resistance at $30,000. It’s as if markets are waiting on the SEC’s spot Bitcoin ETF approvals. In fact, one metric of bitcoin’s price stability touched five-year historic lows at the beginning of August. Weirdly, BTC was even less volatile than U.S. stocks briefly this month. But with each new application for a...

CoinspeakerApple Begins iPhone 15 Production Outside China Apple CEO Tim Cook is claiming that India simply offers a “huge opportunity”, so, the firm has been ramping up iPhone production in the region. Apple Begins iPhone 15 Production Outside China

Dante Disparte, the chief strategy officer and head of global policy of the second-largest stablecoin issuer Circle, has blasted crypto firms that create counterfeits of the U.S. dollar. According to a Bloomberg report, Disparte called for relevant federal legislation around stablecoins to protect consumers and prevent investors from companies with fake USD. Circle CSO Criticizes Firms That Counterfeit USD Disparte said the several bank failures in the U.S. earlier this year...

Bittrex reached a $24 million settlement with the US Securities and Exchange Commission (SEC). Under this arrangement, Bittrex and Bittrex Global have settled with the federal regulator, agreeing to make payments totaling $14.4 million for disgorgement (repayment of unjust profits), $4 million for prejudgment interest, and $5.6 million in civil penalties to resolve the legal conflict. Even though both parties were able to avoid the effort and cost of litigation, Bittrex CEO...

Michael Burry, one of the Tradfi banking industry’s most notorious bears, just put a $1.6 billion hit out on the U.S. stock market. What happens to bitcoin while the grownups are fighting? The Scion Capital founder, who famously shorted mortgage-backed securities before the 2007 housing crisis, just gave the stock market a $1.6 billion shove of puts in SPY and QQQ! Michael Burry Bets $1.6B on Stock Market Crash Steve Anderson writes at TipRanks: “Michael Burry made a name for...

Jan Hatzius and David Mericle – economists at the banking giant Goldman Sachs – predicted that the US Federal Reserve will start lowering interest rates from the second quarter of 2024.  Many experts have previously suggested that such a pivot could boost investor interest in risk-on assets, including stocks, commodities, and cryptocurrencies.  Still Uncertain About the Pace According to Hatzius and Mericle, the US central bank – the Federal Reserve – will start a gradual...

The once-prominent cryptocurrency exchange Bittrex has reportedly agreed to pay $24 million in penalties to resolve its quarrel with the United States Securities and Exchange Commission (SEC). The agency has previously accused the platform of offering services to American clients without obtaining the necessary registration. The exchange shuttered its US operations and filed for bankruptcy protection shortly after the regulator targeted it. As reported by Bloomberg, Bittrex...

A group of customers of the once-prominent cryptocurrency exchange FTX has reportedly filed a lawsuit against the law firm Fenwick & West, insisting that it contributed to the alleged scam orchestrated by Sam Bankman-Fried (SBF) and the subsequent multi-billion losses it brought.  The former leader of the exchange has pleaded not guilty to the fraud charges against him. He currently lives with his family, awaiting the trial at the beginning of October, which will...

The popular podcaster and commentator – Joe Rogan – and the famous musician – Austin Richard Post (better known by his stage name Post Malone) – appear to be against the probable launch of a digital dollar. The former went even further, suggesting that such a financial product would cause a “game over” scenario. The potential creation of central bank digital currencies (CBDCs) has emerged as a highly controversial topic, with many other prominent individuals arguing against...

The leading financial technology company – Revolut – reportedly plans to increase its global cryptocurrency team by hiring up to 20% more employees by the end of 2023. The move comes somewhat unexpectedly since the firm recently disclosed that it will suspend digital asset services to US-based customers from September. As revealed by Financial News, Revolut is set to onboard over 1,000 people this year across the United Kingdom, Europe, and India. Approximately 40% of those...