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Cryptocurrencies

“Cryptocurrency Altcoin Crash Is Coming: Matrixport”

“At least $3.4 billion worth of crypto is likely to be sold by FTX so it can return fiat currency to its users instead of tokens, which should create an overhang for altcoins for the rest of the year, Matrixport… Continue Reading…

Cryptocurrencies

“Bitcoin, Ether extend losses; G20 eyes global crypto regulation”

“…The crypto market is also facing downward pressure from the latest FTX news. The collapsed cryptocurrency exchange is likely to receive approval on Sept. 13 to start liquidating its crypto holdings, according to a tweet from blockchain analysts Whale Alert. After filing for… Continue Reading…

Business, Cryptocurrencies

“BlackRock Vows To Democratize Crypto Opportunities”

“BlackRock Inc. Co-Founder and CEO Larry Fink wants to “democratize” Bitcoin through a spot trading Bitcoin exchange-traded fund (ETF)… “We believe we have a responsibility to democratize investing. We’ve done a great job, and the role of ETFs in the world… Continue Reading…

Cryptocurrencies

“Supreme Court rules in favor of Coinbase in arbitration dispute”

“The U.S. Supreme Court on Friday backed cryptocurrency exchange Coinbase Global Inc ’s bid to halt customer lawsuits while it pursues appeals aimed at moving the disputes out of courts and into private arbitration, which businesses often prefer over litigation.… Continue Reading…

Cryptocurrencies

“Bitcoin Jumps on Speculation BlackRock ‘May Know Something’”

“BlackRock Inc.’s surprise filing for a US spot Bitcoin exchange-traded fund last week has led to a flurry of similar applications from rival issuers and speculation that the asset manager has key insights that will lead to approval of its… Continue Reading…

Cryptocurrencies

“Binance to exit the Netherlands after failing to obtain regulatory approval”

“Cryptocurrency exchange Binance said it will leave the Netherlands after the company’s application to register under the Dutch crypto authorization regime was rejected. Referring to a virtual asset service provider, Binance on Friday said that it could no longer serve… Continue Reading…

Cryptocurrencies

“SEC sues Coinbase over exchange and staking programs, stock drops 22% premarket”

“The Securities and Exchange Commission sued crypto exchange Coinbase in New York federal court on Tuesday morning, alleging that the company was acting as an unregistered broker and exchange and demanding that the company be “permanently restrained and enjoined” from continuing to do so.… Continue Reading…

Cryptocurrencies

“Crypto firm Ripple buys Swiss startup as SEC crackdown forces companies to consider overseas moves”

“Blockchain firm Ripple said Wednesday it has acquired Metaco, a Swiss firm that holds digital assets securely on behalf of clients, in a bid to expand its international footprint and broaden its range of services. News of the deal, one… Continue Reading…

Banking, Cryptocurrencies

“Regulators close crypto-focused Signature Bank, citing systemic risk”

“New York state regulators on Sunday shut down Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. “We are also announcing a similar systemic risk exception for Signature Bank, New York, New… Continue Reading…

Cryptocurrencies

“FTX says $415 million of crypto was hacked”

“Bankrupt crypto firm FTX said on Tuesday that $415 million worth of crypto was hacked from the exchange’s accounts, representing a sizable portion of the identified assets the company is trying to recover… At the time, the stolen crypto was valued at… Continue Reading…