Category: News
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Peter Brandt Warns of Bitcoin Price Drop
Bearish Signals Emerge Veteran trader Peter Brandt has raised an alert regarding a potential Bitcoin price drop. Currently, Bitcoin (BTC) is trading about 10% below its all-time high, achieved three months ago. Brandt shared his concerns with his 700k followers on the social media platform X, indicating that BTC is displaying a bearish chart pattern…
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CZ reportedly holds 64% of BNB supply
In a recent report, Forbes claimed former Binance CEO Changpeng ‘CZ’ Zhao to be the 24th richest man in the world. This comes as a result of CZ reportedly holding 64% of $BNB , which amounts to $56 billions. Despite CZ stepping down as CEO and currently serving a prison sentence, $BNB reached an all…
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Gemini Settles Fraud Claim for $50 Million
Gemini to Pay $50 Million Over Fraud Claim Gemini will pay $50 million to settle fraud claims, compensating over 230,000 investors misled by the Gemini Earn program. At least 29,000 New Yorkers will benefit from this settlement. Gemini faces a ban from operating crypto lending in New York and must assist the Office of the…
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New Crypto Regulations in Turkey
Corporate Tax Overhaul Turkish lawmakers are poised to introduce a sweeping tax overhaul, primarily targeting corporations, to shore up the national budget following last year’s devastating earthquakes. This move represents the most significant change to Turkey’s fiscal policies in decades. Key aspects include: Cryptocurrency Regulations In addition to the corporate tax overhaul, Turkish lawmakers are…
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Ethereum ETFs to launch this summer: Gary Gensler
During a Thursday hearing by the Senate Appropriations Subcommittee on Financial Services, US Securities and Exchange Commission Chair Gary Gensler informed Senator Bill Hagerty (R-TN) that he anticipates the agency will approve S-1 forms for spot Ethereum exchange-traded funds (ETFs) “sometime over the course of this summer.” The SEC approved issuers’ 19b-4 filings on May…
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Terraform Labs to Shutdown After SEC Settlement
Terraform Labs Set to Close Doors Post-SEC Settlement Blockchain startup Terraform Labs has announced it is ceasing operations following a settlement with the SEC. CEO Chris Amani released the statement on the social media platform X. With the settlement complete, Amani noted he could now discuss the future of Terraform Labs (TFL). “TFL always intended…
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Taiwan creates crypto industry association
Taiwan has formally launched a crypto industry association under government oversight. This initiative represents a proactive effort to regulate the crypto sector, creating a structured framework that encourages innovation while ensuring security. The creation of the association demonstrates the government’s dedication to developing robust regulations that tackle the unique challenges and opportunities posed by cryptocurrencies.…
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Big Whale Movement for Shiba Inu
Shiba Inu, the prominent meme coin, has been trading sideways over the past month, with a significant dip in the past week. On-chain data points to a continuation of this decline as selling pressure mounts. Notably, substantial movements by Shiba Inu Whales indicate a looming selloff, with a staggering 4.92 trillion SHIB moved to Coinbase.…
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President Biden to accept crypto payments ?
Coinbase Commerce, the payment service which allows merchants to accept cryptocurrencies is already being used by Donald Trump’s team to accept donations for his election campaign. Considering Biden has always been resistant towards crypto, this move comes as a bit of a surprise Pro-crypto donors are increasingly mobilizing, drawing the interest of political candidates from…
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Andrew Tate Shills Meme Coin Amid Insider Trading Concerns
Controversial social media influencer Andrew Tate has announced his support for the DADDY meme coin. He vowed to burn $100 million worth of cryptocurrency during a live stream. However, blockchain data suggests insider trading activities, raising ethical questions. Tate’s Involvement with DADDY Coin Andrew Tate’s involvement with the DADDY meme coin sharply contrasts musician Iggy…