Key Points: Exodus sees Q1 revenue drop to $13M while maintaining high customer loyalty. Revenue declined by 13% compared to Q1 2022, although the quarter was profitable due to restrained spending. Th...
Category: Tech
Live Tech News Updates.
Moody’s downgrades Coinbase citing ‘uncertain magnitude’ of SEC charges
Credit ratings agency Moody’s has downgraded its rating of Coinbase from “stable” to “negative” following the SEC’s legal action against the crypto exchange for allegedly operating as an unregis...
Binance.US Partner Banks Prepare To Stop Fiat Withdrawals As Early As June 13
Key Points: Binance.US announced it would suspend USD deposits and informed customers that its banking partners are preparing to suspend fiat withdrawals (USD) as early as June 13, 2023. In the face o...
Curve Founder Faces Legal Action Over Alleged Deceptive Practices
Key Points: Prominent venture capital firms ParaFi, Framework Ventures, and 1kx have filed a lawsuit against Michael Egorov, founder of Curve Finance, alleging deceptive practices. The VCs assert that...
Binance.US Suspends All USD Deposits Following SEC lawsuit
In an unprecedented move, @BinanceUS, one of the leading cryptocurrency exchanges in America, has announced a suspension of USD deposits and potential fiat (USD) withdrawal pause, effective from June ...
BRICS Will Snuff Out US, IMF and World Bank Hegemony, Says Cuban President Miguel Diaz-Canel
Cuban President Miguel Diaz-Canel says the economic coalition known as BRICS could bring an end to the current world order dominated by the United States. In a new interview with RT, Diaz-Canel says t...
Avalanche set to tumble southward as the downtrend persists
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The higher timeframe charts showed that the mid-A...
3 VCs Sues Curve Founder For Fraud And Trade Secret Appropriation
Key Points: ParaFi, Framework Ventures, and 1kx — allege that Curve founder Michael Egorov engaged in fraudulent activities and misappropriated trade secrets. The lawsuit states that three VC firms in...
Binance.US suspends USD deposits, warns withdrawal pause incoming
Binance.US has announced the suspension of U.S. dollar deposits and has notified its customers of an incoming pause to fiat (USD) withdrawal channels as early as June 13. On June 9, Binance.US announc...
Binance.US to halt all fiat withdrawals ‘as early as June 13’
In the wake of a blistering lawsuit from the SEC, Binance.US notified users this evening that it would be pausing all customer withdrawals and transitioning, at least temporarily, to an all-crypto exc...
Vitalik Buterin And Polygon Co-Founder Lead The Charge With $100M Donation to COVID-19 Research
Key Points: Ethereum co-founder Vitalik Buterin and Polygon co-founder Sandeep Nailwal work with Crypto Relief to donate $100M to COVID-19 research in India. $90M in USD Coin from Crypto Relief and $1...
XRP Lawyer Explores Amicus Status For Coinbase, Binance Users
Crypto Market News: Alleging that the U.S. Securities and Exchange Commission (SEC) is not working in the best interests of the Coinbase and Binance users, John Deaton, the attorney representing more ...
Why BNB’s bearish stance could last longer than anticipated
BNB topped the list of cryptos in terms of LunarCrush’s Galaxy Score Positive sentiments around the coin spiked, but other metrics remained bearish While bearish sentiment dominated the crypto market...
Can Cardano Price Recover After ADA Was Labeled Security?
The United States Securities and Exchange Commission listed Cardano (ADA) among the tokens identified as securities in a court filing on Monday. As expected, the markets reacted negatively, triggering...
Vitalik Buterin and Polygon co-founder to help send $100M toward COVID-19 research
Ethereum co-founder Vitalik Buterin is working with India-based crypto fund Crypto Relief and Polygon co founder Sandeep Nailwal to send $100 million towards COVID-19 research and medical infrastructu...
Real World Asset (RWA) Could Be DeFi’s New Area Of Prospects?
Recently, Binance entered Real World Asset (RWA), leading DeFi protocols like MakerDAO and Aave, traditional financial institutions represented by Goldman Sachs, Hamilton Lane, Siemens, and more. A nu...
Gary Gensler Accused Of Market Manipulation In $2.5 Million Short Position
Key Points: Gary Gensler, chairperson of the U.S. Securities and Exchange Commission (SEC), has been accused of market manipulation by shorting Bitcoin (BTC) and other crypto-focused stocks. Coinbase,...
LINK’s recent surges may fail to flatter investors because…
Chainlink [LINK] attracts increased attention with a surge in social volume and development activity. Despite positive metrics, Chainlink’s price remains bearish, as indicated by the Relative Strength...
Animoca Brands Gears Up for Global Pursuit Following SEC Snag
Animoca Brands eyes global expansion despite SAND token scrutiny. SEC labels several tokens, including $SAND, as securities. As the world shifts progressively towards the digital, Animoca Brands is lo...
Spot volumes on CEXs plunge to 2019 levels, but there is a silver lining
While spot trading was in trouble, the derivatives market grew its share of the crypto trading space. DEXs market share rose for the fourth straight month in May to reach its all-time high of 12.8%. M...
Coinbase CEO Brian Armstrong Sold Shares Worth $1.7 Million Before SEC’s Lawsuit
– Advertisement – Coinbase CEO Brian Armstrong sold nearly 30,000 shares of his company worth over $1.7 million. Armstrong sold the company’s shares two days before the SEC initiated enfo...
Polemos launches platform for collateral-free digital asset rental
Blockchain gaming provider Polemos has announced a new chain-agnostic blockchain game platform it calls “The Armory.” This platform intends to offer gamers the ability to rent digital assets without c...
What Will Be the Reason Behind the Sudden Surge of Good Gensler (GENSLR)?
1 min ago | 1 min read Altcoin News GENSLR has witnessed a 125.82% increase in the last seven days. The sudden surge of GENSLR has attracted attention in the crypto market. Good Gensler (GENSLR), the...
Coinbase CEO Faces Allegations Of Insider Trading In $1.7 Million Stock Sale
The recent allegations of insider trading against Coinbase CEO Brian Armstrong have raised concerns among investors and industry experts. Armstrong sold nearly 30,000 shares of his company worth over ...
Gary Gensler’s Mentorship Once Inspired Manta Network’s Co-founder To Build Web3
Key Points: Gary Gensler, the current SEC chairman, inspired Manta Network co-founder Kenny to get more involved in the crypto industry. Kenny’s experience as Gensler’s student and teaching assistant ...
Exodus sees Q1 revenue drop to $13M but reports high customer loyalty
Crypto wallet company Exodus published its Q1 report on June 8, reporting over $13 million in revenue and its active users remained largely consistent and only saw a small decline. Exodus Movement Inc...
Top 4 Breakthroughs Transforming the Metaverse
In an era of rapid technological evolution, the metaverse and Web3 gaming are emerging as transformative forces poised to reshape the world. This expansive, immersive digital environment is paving the...
What’s next as Shiba Inu reverses 2023’s gains
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Higher-timeframe was bearish with a downtrend mom...
U.S. Loses Grip as Asia Tightens Hold
U.S. Bitcoin supply dominance declines, shedding 11% since mid-2022. European markets maintain a steady, neutral stance amidst global shifts. Asian markets display a substantial increase in Bitcoin su...
BitGo to acquire 100% equity in Prime Trust parent following latter’s bankruptcy rumors
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To man...
SEC Lawsuits Trigger Cryptocurrency Chaos: Spotlight on the Top 10 Sufferers
Major SEC lawsuits have significantly disrupted the cryptocurrency market. High market-cap cryptocurrencies aren’t immune to market volatility. In a significant twist of events, the cryptocurrency mar...
Coinbase chief legal officer faces congressional committee following SEC charges against the company
Coinbase Chief Legal Officer, Paul Grewal, wasted no time addressing concerns related to his employer’s recent charges by the Securities and Exchange Commission (SEC). Just hours after the SEC’s alleg...