[PRESS RELEASE – London, England, June 8th, 2023] Decentralized wireless network operator World Mobile has announced the successful completion of field tests of its DeWi technology in three African co...
Category: Tech
Live Tech News Updates.
Ripple case more crucial than ever amid Coinbase, Binance SEC crackdown: Lawyers
The judges presiding over Coinbase and Binance’s lawsuits will likely watch the results of the SEC v Ripple case closely, crypto lawyers told Cointelegraph. Ripple has been in a legal battle with the ...
Binance.US Suspends USD Deposits, Triggers Market Turmoil
Key Points: Binance.US suspends USD deposits and fiat (USD) withdrawal channels as early as June 13 due to “extremely aggressive and intimidating tactics” from the SEC. USD trading pairs will be delis...
US Banking Crisis Far From Over, Fed Loans Hit $100B
The U.S. central bank is pumping more money in to bail out the embattled banking system as the crisis continues. This could be one of the factors driving the war on crypto. The Federal Reserve’s new e...
UNI, CRV, and SUSHI holders have every reason to tread lightly
Popular DeFi tokens fail to see price growth despite the increased activity on decentralized exchanges. Market cap of DeFi tokens declines along with the volume across protocols. According to recent ...
Binance Faces Scrutiny as DOJ Probes Alleged False Statements and Compliance Concerns
Binance, the world’s largest cryptocurrency exchange, and its US affiliate are being investigated in the US for alleged crimes like money laundering and tax offenses. Senators Elizabeth Warren from Ma...
Two Altcoins Ready to Explode While SEC Sues Binance & Coinbase
The uncertainty over the crypto space continues to hover as the top tokens manifest a consolidated trend. Bitcoin continues to trade around $26,500, failing to trigger a decent upswing which is much r...
New U.S. Stablecoin Bill Drafted by House Republicans as Compromise With Democrats
The panel’s chairman, Rep. Patrick McHenry (R-N.C.), has considered stablecoin legislation a priority since last year, before he took over the committee. When he won the gavel, he continued the work, ...
Exodus Reports High Customer Loyalty Despite Q1 Revenue Drop
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...
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 ...