Category: Latest news

[ad_1] The U.S. Securities and Exchange Commission (SEC), alongside bankrupt crypto firms FTX and hedge fund Three Arrows Capital (3AC), have objected to BlockFi’s bankruptcy plans, according to July 5 court filings. SEC opposes BlockFi’s plans In its filing, the SEC argued that the clauses in BlockFi’s proposed plans were ambiguous and broad, as they did…

[ad_1] Binance’s regulatory challenges in various jurisdictions in June appear to have resulted in a significant decline in users’ crypto assets. Binance users withdraw assets. The exchange’s latest proof of reserve snapshot, taken on July 1, showed that users’ Bitcoin deposits fell by 3.5% to 592,450 BTC from 614.800 recorded on June 1. This meant…

[ad_1] Commodity Futures Trading Commission (CFTC) investigators have reportedly found that crypto lending platform Celsius Network violated US regulations before bankruptcy. These violations also implicated the firm’s former CEO, Alex Mashinsky, as reported by Bloomberg. If the CFTC’s commissioners concur with the investigation’s findings, legal proceedings against Celsius and Mashinsky could commence within the month.…

[ad_1] The Bitcoin and the S&P 500 Index have historically shown a near-perfect correlation with net liquidity, a key market metric often overlooked in market analysis. However, as of June 2023, this correlation appears to be waning, potentially signaling a significant shift in market dynamics. Graph showing the correlation between net liquidity, Bitcoin, and the…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Twitter has obtained money transmitter licenses in three U.S. states, according to records in the Nationwide Multistate Licensing System database. Those records indicate that Twitter’s applications were approved in Michigan, Missouri, and New Hampshire between June 29 and July 3, 2023. The company’s Michigan and New Hampshire licenses are called “Money Transmitter Licenses.” Incidentally,…

[ad_1] The Federal Reserve provided new details about the outcome of its mid-June meeting in a minutes document published on July 5. Those minutes reaffirmed that the group aims to keep the federal funds rate — or target interest rate — at 5% and 5.25% in the immediate future. The Fed also said it aims…

[ad_1] Larry Fink, CEO of BlackRock, liked cryptocurrencies—and Bitcoin and particular—to “digitizing gold” while praising Bitcoin as an “international asset” in an interview with Fox Business today. Fink said: “Bitcoin is not based on any one currency, and so it can represent an asset that people can play as an alternative. It’s digitalizing gold in…

[ad_1] Bankrupt crypto lender Celsius Network moved around $70 million worth of altcoins on July 5 following the recent court approval to sell them for Bitcoin (BTC) and Ethereum (ETH). Data from Arkham Intelligence showed that the lender had moved millions of altcoins and stablecoins to different wallets, including those related to crypto market maker…