Binance.US, the American arm of the world’s largest crypto exchange by trading volume, Binance, is currently facing a legal battle with the Securities and Exchange Commission (SEC). The SEC has filed several allegations against Binance.US, accusing the exchange of violating securities laws. On July 1, Binance.US released a statement indicating that the Court had decided
Arthur Hayes, the co-founder of BitMEX, recently published an essay titled “Zoom Out,” where he delves into the parallels between historical economic upheavals and the current financial landscape. He categorizes economic cycles into “Local” and “Global” cycles, emphasizing the importance of understanding these cycles in predicting future trends in the Bitcoin and crypto market. Hayes
Artificial intelligence (AI) has become an integral part of our everyday lives, from social media algorithms to chatbots. However, Charles Hoskinson, co-founder of Cardano, has raised concerns about the implications of AI censorship. AI censorship involves the use of machine learning algorithms to filter out content deemed objectionable or sensitive. This practice, often implemented by
Bitcoin has recently been experiencing a period of volatility, with the price fluctuating between $60,000 and $63,500. Despite attempts to break above important resistance levels, the bearish sentiment in the market seems to be prevailing. One crypto analyst, Alan Santana, has made a rather grim prediction regarding the future of Bitcoin prices. In his analysis
Silvergate Capital recently made headlines for settling with the SEC for a substantial $50 million, following allegations of misleading investors about the strength of its BSA/AML compliance program and the monitoring of crypto customers, including the exchange FTX. The company’s assurances aimed to disprove claims that FTX utilized Silvergate accounts to carry out fraudulent activities.
VanEck’s Head of Digital Assets Research, Matthew Sigel, has confirmed that the company’s Solana spot ETF proposal hinges on the outcome of the US Presidential elections. The deadline for VanEck’s application is March 2025, which falls well after the elections in November. Sigel’s response of “Can confirm” has sparked speculation regarding the company’s betting on
The Bahamas is taking steps to enhance the adoption of its central bank digital currency (CBDC), the “Sand Dollar,” by providing access through commercial banks. Central Bank of The Bahamas Governor, John Rolle, has announced plans to establish regulations within two years. The intention is for all commercial banks to eventually offer their clients access
Cardano, one of the prominent cryptocurrencies in the market, has been under scrutiny by crypto analysts for its recent price movements. While the price of Cardano has been on a downward trend for most of the year, some analysts are now pointing towards a potential rebound based on new technical patterns. One of the key
Circle, a prominent player in the cryptocurrency space, made headlines on July 1 when it announced that it had secured an e-money license from France. This significant development positions Circle as the first global stablecoin issuer to adhere to the EU’s Markets in Crypto-Assets (MiCA) regulations. The e-money license, granted by the Autorité de Contrôle
Futureverse, a company specializing in AI and metaverse technologies, has recently announced a groundbreaking partnership with Animoca Brands, a leader in digital property rights and blockchain-based entertainment. This strategic collaboration aims to elevate Futureverse’s metaverse technology by seamlessly integrating it with Animoca Brands’ extensive ecosystem of blockchain products. The companies have agreed to conduct an
