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The high-stakes legal battle between the U.S. Securities and Exchange Commission (SEC) and leading crypto exchange Binance took a dramatic turn this week when stablecoin issuer Circle submitted a court filing arguing that stablecoins like USDC are not securities. Circle's intervention in the case marks an unexpected
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A wild rodeo of optimistic sentiment is bucking its way through the cryptocurrency markets this Friday, as Optimism (OP) gallops to new highs. With a Bullish rating from InvestorsObserver and a price up 1.72% to $1.33 against a broader crypto market rise of just 0.72%, Optimism is
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The latest US inflation data showing a cooling in price pressures has provided a boost to the cryptocurrency market, with Bitcoin and Ethereum prices rising. Here's a look at the key figures, market reaction, and what it could mean going forward. Inflation Slows in August, Still Above Fed
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The crypto community is on edge as analysts warn of a potential plunge in Bitcoin's price not seen before, possibly dropping as low as $10,000 amid a looming recession. This alarming prediction comes just as investors gear up for Benzinga's Future of Digital Assets conference
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The sudden suspension of operations by New York-based cryptocurrency exchange Gemini has sent shockwaves through the Dutch crypto market. While disconcerting, Gemini's move highlights the growing focus on regulatory compliance in Europe. But will stricter rules stifle innovation? Gemini Seeks to Realign Operations Under MiCA In a surprising
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The cryptocurrency industry was thrown into turmoil this week when JPMorgan Chase announced it would ban cryptocurrency transactions through its UK digital bank, Chase UK. The controversial move has sparked intense criticism from crypto advocates, who argue the ban unfairly targets crypto users and undermines the UK's ambition
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In a shocking turn of events, crypto hedge fund Three Arrows Capital (3AC) co-founder Su Zhu was arrested at Singapore's Changi Airport on Friday while attempting to leave the country. This comes after Zhu and his fellow 3AC co-founder Kyle Davies were sentenced in absentia earlier this week
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The fugitive co-founder of a collapsed cryptocurrency hedge fund was arrested today in a stunning turn of events that signals a major shift in the ongoing saga of Three Arrows Capital. Su Zhu, who founded the Singapore-based fund alongside Kyle Davies, was apprehended at Changi Airport while allegedly attempting to
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The collapse of FTX has left a gaping hole in the cryptocurrency derivatives market, and now Coinbase is positioning itself to become the new market leader. This seismic shift comes at a pivotal moment for the crypto industry as it works to restore trust after last year's implosion.
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Influential U.S. Representative Don Beyer has introduced legislation to create government-controlled repositories containing detailed records of off-chain cryptocurrency transactions from major exchanges. This unprecedented move aims to prevent massive frauds like the recent FTX collapse by increasing oversight of the opaque inner workings of trading platforms. However, critics warn
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European cryptocurrency investment powerhouse CoinShares has launched a new division in the United States, marking its first foray into the world's largest capital market. The move comes despite regulatory uncertainty and ongoing legal battles between crypto firms and the SEC. CoinShares asserts that contrary to popular belief, the
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Gemini, a major cryptocurrency exchange, has announced it will no longer offer services to customers in the Netherlands starting November 17th, 2023, delivering a blow to crypto investors in the country. This shocking development signals growing regulatory hurdles for crypto in Europe. But does this spell doom, or present new
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The cryptocurrency market has shown promising signs of recovery in the past 24 hours, with Bitcoin and Ethereum posting gains after a prolonged bearish trend. Several factors appear to be contributing to this cautious optimism, but uncertainty still looms over the industry. Bitcoin rose 2.4% to over $27,000,
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In a major development, authorities in Hong Kong and Macau have apprehended four more suspects linked to the ongoing investigation of cryptocurrency exchange JPEX. The arrests bring the total number detained to 18, with police characterizing the latest suspects as being “relatively close to the core” of the burgeoning scandal.
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Authorities in Hong Kong and Macau have arrested four more individuals closely linked to the scandal surrounding unlicensed crypto exchange JPEX, bringing the total number of arrests up to 18. This hard-hitting probe into the murky operations of the exchange aims to get to the bottom of allegations that JPEX
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Is freedom being stolen as JPMorgan Chase takes an unprecedented step and denies customers' choice? The controversial ban targets millions and deals a blow to the UK's aim to become a crypto hub. Yet statistics reveal a disturbing fraud epidemic. Will regulation give criminals free rein, or