Stablecoin issuer Circle has loaded its arsenal to fight the ongoing regulatory crackdown on crypto. By July 1, the role of chief legal officer and head of corporate affairs will be filled by Heath Tarbert, a top attorney with a background in all three branches of the United States government.According to a June 8 announcement, Tarbert has served in leadership positions in all three branches of the federal government and across key regulato...
Bitcoin Price Prediction: Crypto adversary Gary Gensler-led US Securities and Exchange Commission’s action against the two largest crypto exchanges Binance and Coinbase put Bitcoin price approaching an inflection point.
Traders expect Bitcoin (BTC) and Ethereum (ETH) prices to continue sideways movement for at least a week. Bitcoin is set to have bullish summer despite the Coinbase and Bin...
Bitcoin and altcoins have been volatile in the past two days, as the cryptocurrency markets come to terms with the actions of the United States Securities and Exchange Commission (SEC) against two of the biggest crypto exchanges, Binance and Coinbase.After the initial knee-jerk reaction to the news and the subsequent rebound, markets are likely to enter a range as traders reflect upon the uncertainty around the lawsuits. The initial respons...
Crypto Market News: Following the recent liquidity issues out of the Silicon Valley Bank collapse, Circle, the company behind stablecoin USDC, is even more optimistic about the company’s prospects in near future. Amid the U.S. regional banking crisis in March 2023, Circle faced massive redemptions over fear and uncertainty around the company’s reserves in the Silicon Valley Bank. However, ...
Crypto News: Renowned billionaire investor and founder of Galaxy Digital, Mike Novogratz, recently shared his insights on the ongoing legal battles surrounding major crypto exchanges. According to Novogratz, he anticipates further lawsuits of similar nature by the US Securities & Exchange Commission (SEC) against crypto businesses operating in the United States and protracted legal pro...
In the latest episode of The Market Report, analyst and writer Marcel Pechman discusses the impact of the United States Securities and Exchange Commission lawsuit against the Binance exchange.Most likely, the U.S. population will be barred from using the international version of Binance, and those who opt for VPN services will be at risk of being prosecuted. Pechman believes Changpeng “CZ” Zhao and Binance will lose or strike a deal pleadin...
A public-private partnership in El Salvador pledging to pump $1 billion into creating a Bitcoin BTC $26,583 mining farm has received its first $250 million. This first release of funds kickstarts a 241-megawatt (MW) power generation park in the country’s Metapán region.Volcano Energy, the company behind the site, said the funds would go toward developing the power generation park using solar and wind energy, which will eventually power t...
In a strong recovery, Bitcoin (BTC) and the broader cryptocurrency market are up by 4% almost recovering all of the early week losses. As of press time, the Bitcoin (BTC) price is up by 4.59% and is currently trading at $26,920 adding $21 billion to its market cap in the last 24 hours.
On Tuesday, June 6, the broader cryptocurrency market entered a steep correction following the SEC lawsui...
On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and Bitcoin. Technicals show that altcoins are at a crucial turning point between a positive and a negative breakout.Glassnode’s analysis of Uniswap and futures trading volumes reveals that the uptrend that began in the first quarter of 2023 began cooling off in April, with regulatory concerns and a lack o...
Crypto Market News: Brad Garlinghouse, the Ripple chief executive officer, doubted the motive behind the U.S. Securities and Exchange Commission (SEC) suing two of the world’s top cryptocurrency exchanges. It may be recalled that the US Supreme Court had earlier accepted the motion to consider arguments about cutting down discretionary powers of the federal regulatory agencies. Meanwhile, ...
