Coinbase, Robinhood testify before House committee on Republican crypto bill

by webwriter | Jun 6, 2023 | Ethereum News

The U.S. House Committee on Agriculture heard testimony on June 6 regarding a draft discussion bill on cryptocurrency recently advanced by Republican lawmakers. Coinbase, Robinhood declare support Rep. Glenn Thompson, one lawmaker who initially advanced the draft...

Sequoia Capital announces three-way split to separate China business

by webwriter | Jun 6, 2023 | Bitcoin News

Venture capital firm Sequoia announced an impending split that will see the company break into three distinct partnerships serving the United States, China, and Asian markets separately. The move, announced on June 6, is intended to decentralize back office functions...

SEC-induced panic saw $53 billion wiped from crypto market

by webwriter | Jun 6, 2023 | Ethereum News

The total crypto market cap fell $53 billion as news of the U.S. Securities and Exchange Commission (SEC) filing against Binance came through.On June 5, the SEC charged Binance, its CEO Changpeng Zhao, and related entities with 13 violations, including wash trading,...

Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic

by webwriter | Jun 6, 2023 | Bitcoin News

Illicit funds gained from the $35 million Atomic Wallet hack have been moving to a crypto mixer known to be favored by North Korea’s most notorious cyber-hacking group.On June 5, blockchain compliance analytics firm Elliptic reported that its Investigations Team has...

Binance, CZ Sued by SEC; A ‘Calculated Evasion of the Law’

by webwriter | Jun 6, 2023 | Market News

Key Takeaways The SEC has sued Binance and CZ for 13 charges of buying, selling and trading unregistered securities, commingling customers’ funds and more. This lawsuit follows in the footsteps of the CFTC suing Binance back in March, citing a violation of federal...

Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence

by webwriter | Jun 5, 2023 | Bitcoin News

Bitcoin’s price declined 5% in one hour on June 5 after the United States Securities and Exchange Commission (SEC) filed a lawsuit against Binance on allegations of violating federal securities laws. Even though the $25,500 support held for Bitcoin, investors are...

Do Kwon out on bail under house arrest after successful appeal

by webwriter | Jun 5, 2023 | Ethereum News

Terra LUNA co-founder Do Kwon successfully appealed against the prosecution’s request to keep him in custody, and is out on bail as of June 5. The Podriga Basic court overseeing the case granted the bail request and accepted the initial amount of $400,000. The...

Ethereum gas fees cool down after May memecoin frenzy

by webwriter | Jun 5, 2023 | Bitcoin News

The average gas fee — transaction fee — on the Ethereum network has cooled substantially in the first week of June after reaching a multimonth high in May, owing to the memecoin frenzy and much maximal extractable value (MEV) bot activities. The average gas fee has...

Top Metaverse tokens gearing up for growth amid potential Apple’s XR release at WWDC

by webwriter | Jun 5, 2023 | Ethereum News

As anticipation surges ahead of the annual Apple Worldwide Developers Conference (WWDC), whispers of the potential unveiling of Apple’s extended reality (XR) headset are creating a palpable sense of excitement.Apple’s XR headset is expected to transform the tech...

GTA 6 crypto rumors, Dr Who/Sandbox, Thai tourist NFTs review – Cointelegraph Magazine

by webwriter | Jun 5, 2023 | Bitcoin News

Grand Theft Auto VI crypto rumors Rumors that the upcoming Grand Theft Auto VI will incorporate cryptocurrency and nonfungible tokens have once again surfaced, sparking speculation among fans. Posts shared on Twitter suggest that GTA 6 will be a play-to-earn game and...