Jack Dorsey, the former CEO of Twitter, while replying to a comment on June 6, alleged that Ethereum (ETH), the world’s second-largest cryptocurrency exchange, is a security under United States laws. ...
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Nikola Stock Is Dropping Again. The SPAC Boom Is Fully a Bust.
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Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees
The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features, according to an announcement from network devel...
Apple Inc. (AAPL) Stock Forecasts
Summary Stocks edged higher on Tuesday morning, led by gains in the Financial and Consumer Discretionary sectors. The World Bank issued mixed forecasts for the global economy. It expects global GDP to...
SEC Files for Temporary Restraining Order Against Binance, CZ
The SEC has petitioned a court for a temporary restraining order against Binance and its affiliates — BAM Management and BAM Trading — in a move that could freeze the assets of Binance.US. The SEC’s m...
A major insurance company let employees work remotely but the new CEO reversed the policy. Employees are outraged, with one calling it a ‘power move that is frankly disgusting’
Employees at Farmers Group are staging a revolt after the insurance company’s new CEO has reversed remote work policies they say were promised to them last year. The Wall Street Journal reports worker...
Coinbase CEO Challenging SEC by Defending Crypto Industry
Coinbase takes a stand for the crypto industry, challenging the SEC’s complaints in court. CEO Brian Armstrong aims to bring regulatory clarity by fighting the SEC in a landmark Coinbase lawsuit. SEC’...
Harvard’s future of work professor sees one job in particular disappearing because of A.I.
A.I. will probably not steal your job—except if you’re doing that one. While white-collar jobs as we know them are hardly set to disappear, a handful of them will “dwindle hugely,” according to ...
Binance, Coinbase CEOs together lost $1.7B of personal wealth after SEC charges
The CEOs of Binance and Coinbase lost part of their personal wealth in the aftermath of SEC charges, Bloomberg said on June 6. Execs gained billions before latest loss The U.S. Securities and Exchange...
SEC Quietly Removes Director William Hinman’s Bio From Website
An adage for the digital age says nothing can ever be deleted from the internet. Yet, the Securities and Exchange Commission (SEC) has done its best to scrub the biography page of William Hinman. Hinm...
El Salvador’s Bitcoin Bill Is Now Two Years Old, How Has The Country Fared Since Then?
On June 5, 2021, El Salvador made waves across the financial space when its bill to make Bitcoin a legal tender in the country was first made public. Since then, the North American country has gone on...
BSV Price Analysis: Will the BSV Price Break Its Boundary?
1 The Bitcoin SV (BSV) price is moving near $32.21, observing a change of 7.2% in the 24-hour trading volume. 2 The price has been observing a decline of 32.21% in the last 24 hours. Recently, the BSV...
Mark Cuban Takes Aim At Jim Cramer’s Crypto Criticism Amidst SEC Actions
Former hedge fund manager and host of CNBC Mad Money, Jim Cramer, expressed his frustration with the cryptocurrency industry in a series of tweets following recent actions by the U.S. Securities and E...
Coinbase reminds world it tried to ‘embrace regulation’ as SEC sues for violations
“Coinbase has embraced regulation since we were founded over a decade ago,” the cryptocurrency exchange’s chief legal officer, Paul Grewal, told the United States Congress on June 6. “The SEC [Securit...
Gensler’s ‘Pro-Innovation’ Stance Is a Farce
Alex Dovbnya Garlinghouse claims the SEC is trying to distract from the FTX debacle by suing Binance and Coinbase Ripple CEO Brad Garlinghouse took to Twitter yesterday to voice his opinion on Gary Ge...
SWIFT and Chainlink collaborate for banking blockchain integration
SWIFT, the global financial messaging service, is partnering with major banks and Chainlink, a web3 infrastructure provider, to test the integration of public and private blockchains for global bankin...
Coinbase Put in House Hot Seat Hours After SEC Lawsuit Released
Just hours after his employer was charged by the SEC for a variety of alleged securities law violations, Coinbase Chief Legal Officer Paul Grewal appeared before the House Agriculture Committee to fac...
Coinbase to Participate in the Piper Sandler Global Exchange & FinTech Conference
REMOTE-FIRST-COMPANY/SAN DIEGO–(BUSINESS WIRE)–Coinbase Global, Inc. announced today that Brian Armstrong, Co-Founder and CEO, will participate in a fireside chat at the Piper Sandler Global Exchange ...
FBI Warns of AI Deepfake Extortion Scams
The abilities of generative AI to create life-like images are impressive, but the U.S. Federal Bureau of Investigation says that criminals are using deepfakes to target victims for extortion. “T...
The 3 Takeaways From the Lawsuit Between the SEC and Coinbase
The U.S. Securities and Exchange Commission (SEC)’s charges against Coinbase are largely reminiscent of its Binance case from just a day prior – but also contain some key differences. Here’s a close...
Bitcoin drops to $25k amidst Binance lawsuit
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Binances’ legal woes saw BTC plunge to the $25k l...
Optimism completes upgrade of its Layer 2 network
Optimism, a Layer 2 network built on top of the Ethereum network, completed a scheduled upgrade on Tuesday. According to an explainer post, the Bedrock upgrade advances a series of improvements, inclu...
Coinbase Receives Show Cause Order From 10 US States
Coinbase News: U.S. biggest cryptocurrency exchange, Coinbase Global Inc (NASDAQ: COIN) seems to be getting into big trouble as 10 state regulators joined Securities and Exchange Commission (SEC) in f...
Aave Extends Losses But Here Are The Short Selling Targets
After experiencing a promising start to the year, AAVE faced a setback when it encountered resistance at the $92 level, resulting in a 34% correction over a two-month period. The recent blow to the cr...
SEC files motion for restraining order against Binance
The United States Securities and Exchange Commission (SEC) filed an emergency motion in the District of Columbia U.S. District Court for a temporary restraining order against Binance, Binance.US and C...
SEC’s Latest Crackdown Against Coinbase and Binance Could Drive Crypto Firms Out of the U.S.
“I suspect we will see more and more moves like this,” Andrew Lawrence, co-founder and CEO of Censo Inc., an on-chain custody solution said. “Yes, the U.S. is the biggest market, but people who are bu...
Adobe Reports After The Close On 6/15 — Options Contracts Expire The Next Day
According to NextEarningsDate.com, the Adobe next earnings date is projected to be 6/15 after the close, with earnings estimates of $3.53/share on $4.78 Billion of revenue. Looking back, the recent Ad...
SEC files motion to freeze cryptocurrency held by Binance, Binance.US, CZ
The Securities and Exchange Commission followed up on its request in yesterday’s enforcement action, seeking an order for the freeze of assets, including cryptocurrencies, held by Binance, Binan...
Bitcoin User Surge Defies LUNA, FTX Crises
Alex Dovbnya In a show of undeniable resilience, Bitcoin has seen a surge of 5.42 million new unique addresses, despite the catastrophic failures of both FTX and LUNA In defiance of the recent collaps...
AGIX, MATIC, GRT, VET Show Potential To Print 50x Gains: Experts
Altcoin Daily shared the altcoins trading below $1 that they believe could see huge gains during the next bull run. The altcoins included in the list were AGIX, MATIC, GRT, and VET. All of the altcoin...
BTC Price Bullish: Will World’s First Crypto Decline Further?
1 Bitcoin (BTC) price is taking resistance from the 100-day EMA on the daily timeframe. 2 The crypto is trading near its previous support level. BTC’s price is currently trading above all the major EM...
Louis Vuitton introduces NFT collection featuring $42k ‘VIA Treasure Trunk’
Luxury fashion house Louis Vuitton ventures further into the web3 realm with the introduction of an NFT release featuring their iconic Trunk, known as the “VIA Treasure Trunk.” This exclusive serves a...