Recently, on June 27, Binance made an announcement regarding the implementation of stricter measures to combat account misuse. The company revealed that certain account features on the platform were being exploited by users to gain unfair advantages in terms of fee rates and API limits. As a response, Binance stated that it might suspend or
Crypto
In a recent development, CleanSpark (CLSK) made headlines by acquiring one of its competitors, GRIID Infrastructure, in a deal valued at $155 million. This strategic move instantly provided CleanSpark with an additional 20 megawatts (MW) of power to enhance its mining operations. The company is also set to add another 400 MW of power in
The US Securities and Exchange Commission (SEC) is in the final stages of approving the spot Ethereum ETFs. Asset managers like BlackRock, Franklin Templeton, and Grayscale Investments are currently in discussions with regulators to iron out the last remaining issues. These firms have already successfully launched spot Bitcoin ETFs earlier this year, marking a significant
The recent lawsuits filed by Coinbase against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) have shed light on a growing conflict between cryptocurrency exchanges and financial regulators in the United States. Coinbase’s legal actions stem from the regulators’ refusal to comply with information requests related to closed crypto cases.
The US spot Bitcoin ETFs have shown signs of slow recovery, with collective inflows reaching $21.52 million on June 26th. While this positive momentum is encouraging, BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any new investments in the past four days. This lack of activity is not a new occurrence, as the fund previously
The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has recently taken an interesting turn. The SEC has decided to lower its demand for a fine from a massive $2 billion to $102.6 million. This significant reduction in the penalty amount has raised many eyebrows in the crypto
Recent analysis by IntoTheBlock has uncovered a significant shift in Bitcoin accumulation patterns, particularly among large holders of the cryptocurrency. Despite prevailing market sentiments of fear, uncertainty, and doubt (FUD), data shows that holders with control of at least 0.1% of the total Bitcoin supply have been quietly increasing their holdings. On June 24th, during
During the Bloomberg Investment Summit interview, SEC Chair Gary Gensler expressed optimism regarding the approval process for spot Ethereum ETFs. He emphasized the importance of asset managers making full disclosures to ensure the effectiveness of registration statements. While Gensler did not provide a specific timeline for when spot Ethereum ETFs would go live, he mentioned
The ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission has been a subject of intense speculation and debate since it began in 2020. With the trial still ongoing, the outcome remains uncertain, leaving many investors anxious about the future of XRP. The central issue at hand is whether XRP should be
Bitcoin (BTC) has been facing a persistent downtrend, with the cryptocurrency hitting new local lows of under $59,000. The recent drop below $60,000 during the mid-hours of the United States Monday trading session marked a new local low of $58,500. This decline has been fueled by ongoing outflows from the U.S. spot Bitcoin exchange-traded fund
