The U.S. Securities and Exchange Commission went ham on crypto exchanges last week by filing toothy lawsuits against Binance and Coinbase. While crypto exchanges and altcoins are in the hot seat, the regulator is leaving BTC and ETH alone, at least for now. When news of the SEC’s lawsuit against Binance and Coinbase hit markets, […]
Pro-Crypto Lawmakers Officially Introduce Legislation To Oust SEC Chair, Gary Gensler
U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler could be facing unemployment after Rep. Warren Davidson (R-Ohio) and Rep. Tom Emmer (R-Minn.) introduced a bill to remove the SEC boss from power. “Tyrannical Chairman” In a June 12 tweet, crypto-friendly congressman Warren Davidson announced that he had filed the “SEC Stabilization Act” in the […]
Thailand launches retail CBDC pilot with 2 banks and Singapore payment service
The project, delayed from last year, will enlist bank employees and nearby businesses for the pilot. Each payment provider has launched its own app.
SEC Chair Gensler to Be Dethroned in New House Bill
In order to restore sanity inthe U.S Securities and Exchange Commission and remove its current chair, Gary Gensler, Rep. Warren Davidson (OH-08) and House Majority Whip Tom Emmer (MN-06)proposed a…
Binance US Market Shrinks 78% in Just 7 Days After SEC Lawsuit
Liquidity on Binance’s American exchange has dropped since its regulatory woes began last week.
Binance & Coinbase Under SEC Fire – Glassnode Report Unveils Investor Reactions
Glassnode, a prominent data analytics firm, recently released a report about the ongoing hostilities in the US regulatory environment. Specifically highlighting the US SEC charges against major crypto exchanges Binance and Coinbase for securities violations were in the spotlight. The report delves into the investor response to these charges, focusing on exchange inflows and identifying […]
BitGo Acquisition Deal Lawsuit Against Galaxy Digital Dismissed by Court
Last year, Galaxy abandoned a $1.2 billion bid to purchase BitGo. Due to BitGo’s refusal to submit the financial documents in time, the court favored Galaxy. A lawsuit filed against Galaxy Digital, a cryptocurrency investment business, was recently rejected, meaning that it would not have to pay damages related to its broken acquisition deal with […]
How Did Investors React to the SEC, Binance, Coinbase Fiasco? Glassnode Reports
Glassnode published a report on Monday breaking down investors’ on-chain behavior after the U.S. Securities and Exchange Commission (SEC) sued two of the world’s largest cryptocurrency exchanges. The report acknowledged a boost to the number of short-term crypto holders sending their balances onto exchanges. Exchange Deposits and Withdrawals The report echoed findings from last week […]
Bitcoin Stuck In Historically Tight Range, Calm Before The Storm?
Data shows Bitcoin has been stuck in a historically tight range recently, something that could be a precursor for extreme volatility. Bitcoin 30-Day Price Range Has Compressed To Tight Values In a new tweet, the analytics firm Glassnode has looked into how volatile the asset has been recently. One way to quantify the volatility of […]
Traders should expect this as Solana drops below its March low
Analyzing the odds of SOL’s corrective rebound ahead of the crucial U.S economic calendar this week (11-17 June).