The U.S. Securities and Exchange Commission (SEC) is challenging Binance, one of the world’s largest cryptocurrency exchanges, in a landmark court hearing. But Binance continues to fight back. The SEC’s allegations of asset commingling and illegal operations by Binance.US and
The price of bitcoin rose sharply on Wednesday and breached the psychological $30,000 mark for the first time since April, as institutional investors led by BlackRock showed renewed interest in the top cryptocurrency. Bitcoin climbed 10% to peak at over
Chinese tech giant Baidu is setting up a venture capital fund of $145 million or 1 billion yuan to back AI-focused startups. Baidu co-founder and CEO Robin Li announced the launch of the fund at a JP Morgan summit in
Nevada man Bryan Lee has been charged with crimes involving CoinDeal, a so-called metaverse cryptocurrency that was actually an investment fraud scheme. The company is said to have defrauded investors of $45 million between 2018 and 2022. CoinDeal Scam The
Leading US-based cryptocurrency exchange Coinbase may consider moving its headquarters outside of the country. The crypto industry in the United States is currently experiencing uncertainty due to unclear regulations. This uncertainty has led many crypto companies to consider relocating or
ProShares is seeking SEC approval to launch a metaverse-focused ETF. If approved by regulators, the proposed fund will track the performance of companies like Apple and Meta. Two Canadian firms listed metaverse ETFs on the Toronto Stock Exchange in November.
The price of bitcoin (BTC) soared past $63,000 on Wednesday, reaching levels not seen in more than two years and nearing an all-time high, driven by massive inflows into spot Bitcoin ETFs. Bitcoin rallied 11% to $63,600, its highest since
In a time of economic flux and changing financial landscapes, the recent Shanghai Second Intermediate People’s Court report stands out as a significant moment for the crypto world. Daring to challenge China’s traditionally restrictive views on digital currencies, the court’s
Binance US CEO Brian Shroder has announced his resignation amid a wave of layoffs. The company is slashing its workforce by a third, letting go of 100 employees. Brian Shroder’s departure marks the third CEO change for Binance US since
Cryptocurrency exchange Bitstamp is set to cease Ethereum staking offerings for its American clientele starting September 25, 2023. As other regions like the European Union embrace clearer crypto regulations, US investors and exchanges are left navigating a murky scene. According
Tether (USDT), Dai (DAI), and RAI stablecoins will no longer be available for trade on Coinbase’s Canadian platform as of August 31 due to legislative changes in the country. The company emailed customers on August 17 to inform them of
CoinFund CEO Jake Brukhman argues that Worldcoin can become bigger, more widely distributed, and even more valuable than Bitcoin. Brukhman’s incredible list of claims came during an appearance on the Unchained Podcast during the first week of August. The claims
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