Commonwealth Bank of Australia (CBA), the largest bank in Australia, announced a temporary decline in “certain” payments to cryptocurrency exchanges as part of newly introduced measures to battle scams in the country. According to an official release, the CBA will decline or hold crypto payments for 24 hours or more. As part of the scam...Read More
Binance announced the launch of a new batch of Cloud Mining products for BTC mining in a statement on Wednesday. The exchange’s cloud mining service was released last November and enabled users without mining equipment to earn mining rewards from Binance Pool. Subscriptions, on the other hand, are required to buy hash rates and Bitcoin...Read More
Bittrex’s attempt to return customer funds has met with a significant roadblock from the United States, sparking concerns about the proposed resolution for the crypto exchange’s bankruptcy case. The firm filed for Chapter 11 bankruptcy protection in Delaware in May, less than a month after the US Securities and Exchange Commission (SEC) charged it with...Read More
Ethereum (ETH) appears trapped under $2000 after a stock rally has failed to push it past the price point, according to Mike McGlone, Senior Macro Strategist for Bloomberg Intelligence. Here’s what the analyst believes Ethereum needs to break the 12-month-long resistance level. Ethereum’s Major Resistance In a tweet on Thursday, McGlone said that $2000 looks...Read More
In the midst of a storm stirred by a lawsuit from the Securities and Exchange Commission (SEC), Binance CEO Changpeng Zhao (CZ) has penned an open letter to his employees. The letter, a beacon of transparency and resilience, addresses the allegations head-on, clarifies misconceptions led by recent leaked chats, and reaffirms Binance’s unwavering commitment to...Read More
The overall market cap fell to $1.07 trillion – a level last seen three months ago – before a modest recovery to the press time figure of $1.1 trillion. Bitcoin, for one, dumped close to a two-month-low after weeks of trading largely rangebound in recent months. Several top altcoins posted higher losses prompting concerns about...Read More
Entrepreneur and “Shark Tank” star Kevin O’Leary has said that cryptocurrencies are ‘radioactive waste’ until an agreement is reached between digital asset leaders and the Securities and Exchange Commission (SEC). “I’ve talked to sovereign wealth, I’ve talked to institutions in the last 48 hours and they’ve said this makes this asset class radioactive waste. We...Read More
The decentralized blockchain infrastructure provider Ankr has announced the launch of Enterprise RPC services on Microsoft’s Azure Marketplace to offer a readily accessible gateway to blockchain infrastructure for the cloud computing platform’s customers. Ankr and Microsoft Integration According to the official press release shared with CryptoPotato, the RPC service will offer global, low-latency blockchain connections...Read More
A Bitcoin whale – that has been dormant for more than 10 years – woke up from slumber to transfer the entire stash of the crypto-asset on June 8th. According to data from the on-chain analytic platform Lookonchain, 1,432.93 BTC, worth around $37.8 million, were moved to a new address, “bc1psv.” The whale, who ‘hodled’...Read More
[PRESS RELEASE – Geneva, Switzerland, June 8th, 2023] It’s been five years since the day in late May 2018 when the TRON MainNet emerged. The layer one blockchain can now authentically be labeled as the public chain of choice, with the most daily active users, the most daily transactions, and the largest circulation of the...Read More
In late 2020, PoolTogether was sued by Joseph Kent, a software engineer who, at the time, was working as the tech lead for Senator Elizabeth Warren’s presidential campaign. The lawsuit was filed taking advantage of a New York law that allows buyers of an illegal lottery ticket to file a class-action lawsuit against the issuer...Read More
On June 7, attorneys from Gibson Dunn and Latham & Watkins, two of Binance’s law firms, made a court filing in response to the latest SEC crackdown. In it, they claim that SEC Chair Gary Gensler offered to serve as an advisor to Binance’s parent company in 2019. According to the filing, Gensler met with...Read More
After several months of speculation, the US Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase, a prominent cryptocurrency company based in the United States. The lawsuit, filed on Tuesday in the Southern District of New York, alleges that Coinbase and its parent company, CGI, violated securities regulations by operating as an unregistered...Read More
Robinhood Markets is weighing on its crypto offerings according to the firm’s legal chief Dan Gallagher amid intensified crackdown on the industry. The move comes as the securities regulator targeted a broad swath of the digital asset market, launching a pair of lawsuits against two heavyweights – Binance and Coinbase – that together account for...Read More
