Enforcement Actions Against Cryptocurrency Companies The New York state judicial authority announced on the 9th that it has sued cryptocurrency exchange KuCoin for conducting business in the state without being registered. It was pointed out that KuCoin provided investors with a service that allowed them to buy and sell popular securities and commodities such as […]
Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF
The post Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF appeared on BitcoinEthereumNews.com. According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of uninsured funds allocated to a money market mutual fund (MMMF) offered by troubled Silicon Valley…
CFTC Chair Insists Ether Is a Commodity, Not a Security as Claimed by SEC Chairman – Regulation Bitcoin News
The post CFTC Chair Insists Ether Is a Commodity, Not a Security as Claimed by SEC Chairman – Regulation Bitcoin News appeared on BitcoinEthereumNews.com. The chairman of the Commodity Futures Trading Commission (CFTC) has insisted that ether is a commodity, not a security as claimed by the chairman of the Securities and Exchange Commission…
Optimism: Can this new announcement save OP from the bear attack
The post Optimism: Can this new announcement save OP from the bear attack appeared on BitcoinEthereumNews.com. Optimism announced that voting for its Retroactive Public Goods Financing (RetroPGF) was ongoing, at press time. Daily active addresses of OP increased but market indicators supported the bears. Optimism [OP]…
CFTC Chair Insists Ether Is a Commodity, Not a Security as Claimed by SEC Chairman
The chairman of the Commodity Futures Trading Commission (CFTC) has insisted that ether is a commodity, not a security as claimed by the chairman of the Securities and Exchange Commission (SEC). The CFTC chief stressed that the derivatives watchdog would not have allowed ether futures products to be listed on CFTC-regulated exchanges “if we did […]
Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF
According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of uninsured funds allocated to a money market mutual fund (MMMF) offered by troubled Silicon Valley Bank (SVB). SVB — one of the U.S’s largest banks and key partners to venture-backed companies — was shut down by the California Department of […]
SVB Chief Sold $3.6 Million in Stock Days Before Bank’s Failure
The post SVB Chief Sold $3.6 Million in Stock Days Before Bank’s Failure appeared on BitcoinEthereumNews.com. (Bloomberg) — Silicon Valley Bank Chief Executive Officer Greg Becker sold $3.6 million of company stock under a trading plan less than two weeks before the firm disclosed extensive losses…
SOL Price Analysis: Will the SOL price get the buyer’s support?
The post SOL Price Analysis: Will the SOL price get the buyer’s support? appeared on BitcoinEthereumNews.com. The SOL price is trading under a severe downtrend under the 200 EMA while getting support from the 100 EMA. The SOL price broke its recent support level with a…
Meta’s Decentralized Text-Based App to be an Instagram Offshoot
The post Meta’s Decentralized Text-Based App to be an Instagram Offshoot appeared on BitcoinEthereumNews.com. Mark Zuckerberg-led social media giant – Meta – is developing a decentralized text-based app called Codenamed P92. According to a report, users can log in to the new app through…
As Silicon Valley Bank Falls, Crypto Firms Brace for ‘Extinction-Level’ Tech Startup Turmoil
Silicon Valley Bank’s failure has a lot to do with rising interest rates, but the shockwaves from its demise will still be felt in the crypto industry. Silicon Valley Bank, or SVB, was the bank of choice for 44% of U.S. venture-backed tech companies. But as venture capital dried up during the tech sector’s slump, […]