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The price of bitcoin bounced 16.7% off of its Saturday lows. Ether followed with a 29% gain. Bitcoin surged past $20,000 Sunday afternoon to $20,580 a coin, a 16.9% gain off its Saturday lows. The rally comes just one day after bitcoin, the largest cryptocurrency by market capitalization, fell below $20,000, its lowest price since November 2020. As of press...
Kristin Johnson also suggested her agency might be able to be more responsive than the SEC because it's smaller. Kristin Johnson, one of the newest commissioners of the Commodity Futures Trading Commission (CFTC), said that while her agency may be smaller than the Securities and Exchange Commission (SEC), she likes its chances of becoming a primary regulator for the crypto...
As firms shiver from the harsh effects of thecrypto winter,Binancehas announced plans to aggressively expand its reach by hiring and striking lucrative deals. Changpeng Zhao, Binance’s CEO, hasshared plansfor the largest exchange in the world to bolster its staff strength with new hires amid the unsavory prices in the markets. He disclosed this at the Consensus 2022 conference through a...
A weak macroeconomic environment and systemic risk from within the crypto space have caused nearly twelve successive weeks of losses for the asset. Bitcoin plunged to below $25,000 amid a weak macroeconomic environment. (Mike Powell/Getty Images) Bitcoin (BTC) plummeted under $25,000 on Monday morning amid weakness in the macroeconomic environment and systemic risk from within the crypto market, data shows....
Drop Party uses merchandise drops to connect brands and consumers Digital payments firm Flexa plans to buy marketing technology company Drop Party to engage with customers through various online campaigns. Terms of the deal weren’t disclosed. Drop Party is an online agency that uses merch drops to connect brands and consumers. Under Flexa, Drop Party will continue its mission and...
The bank founded by Morgan Stanley veteran Caitlin Long filed suit against the U.S. central bank for delaying a decision on its application for a master account. Crypto bank Custodiafiled suitagainst the U.S. Federal Reserve on Tuesday, saying the central bank was unlawfully delaying a decision on its application for a master account. In the filing to the United States...
The bearish BTC price targets keep mounting amid concerns over the “distribution” of coins by long-term holders. The bearish BTC price targets keep mounting amid concerns over the “distribution” of coins by long-term holders. Bitcoin (BTC) stayed wedged in a tight range on June 4 as traders’ demands for a new macro low persisted. BTC/USD 1-hour candle chart (Bitstamp). Source:...
The state Assembly had already passed the bill, which would bar new mining operations powered by carbon-based energy sources for two years. Clark Vaccaro, acting president and chief strategy officer at BaSIC, a local trade organization, holding up a sign after a rally against the proposed bill last month. (Nikhilesh De/CoinDesk) The New York State Senatepasseda bill targetingproof-of-work(PoW) mining early...
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Polygon is now requiring extensive customer details for prospective partners in India as regulatory scrutiny there grows, according to a source. Layer 2 side chain Polygon is requiring extensive KYC (Know Your Customer) details to provide funding, investments, grants or financial support to potential partners in India, said a person familiar with the matter. Polygon, whose system runs alongside the...