2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences.
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Paul “illegally touted” cryptocurrencies “TRX and/or BTT” without disclosing he was being paid to do so, according to a press release. The YouTuber-turned-boxer is among a cast of celebrities the SEC charged Wednesday with participating in a scheme to illegally promote Sun-tied cryptos.
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According to data provided by Glassnode, roughly $19.5 billion of BTC, ETH and USDT was brought to the exchanges, last week. Bitcoin leads the inflow with $9.6 billion while the largest stablecoin was not far away, reaching the $9.5 billion mark.
As the crypto markets started to recover from the collapse 20bCryptosExchangesHitWeek Read More
Investors are shifting into bitcoin from stablecoins as well as more volatile cryptocurrencies, the report said.
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Crypto might have a banking problem, but banks don’t have a crypto problem.
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Crypto investors are bracing for impact as crypto analysts warn that the current market pressure may be far from over, with bitcoin and other major digital assets facing lower price targets.
Crypto analyst and Youtuber, Crypto World, describes his visions and expectations for the price of bitcoin in the upcoming days. 17KanalystsBitcoinCryptoscutPriceshreddedSightTargets Read More
South Dakota governor Kristi Noem has formally rejected legislation that would have excluded bitcoin (BTC) and other cryptocurrencies from the definition of money.
Bill excluded crypto but classified CBDCs as money
The legislation, known as House Bill 1193, was intended to amend provisions of South Dakota’s Uniform Commercial Code to exclude digital BillCryptosDakotaDefinitionExcludingGovernorMoneySouthVetoes Read More
Big round numbers always pique the interest of investors and the $1 trillion total crypto market capitalization is no exception. It’s a level that held for 48 days before collapsing on March 9. After a 16-hour negative 8.6% price movement, the indicator fell to $914 billion, its lowest level since 920BBitcoinCapcryptoexchangeCryptosDollarExchangesMarketNumberTotalTrillionWatch Read More
Cryptocurrency firms operating multiple entities in different countries should be overseen by one consolidated “home” regulator to stop them from playing "games" aimed at skirting regulators, the acting head of the United States banking regulator has opined.Michael Hsu, the Acting Head of the Comptroller of the Currency (OCC) made the ComptrollerCryptosFragmentedHomeIssueRegulatorSolveSupervision Read More
If we look at crypto exchanges, Silvergate is so well-liked because a) it gives access to banking in the first place and b) Silvergate ran the Silvergate Exchange Network (SEN). SEN, which was recently disabled, allowed 24/7 instant settlement between Silvergate bank clients at any time, including nights and weekends. BankingBitcoincryptoexchangeCryptosExchangesIronicProblem Read More