Category: Latest news

[ad_1] Noelle Acheson of the Crypto is Macro Now newsletter poured cold water on the possibility of the U.S. Securities Exchange Commission approving BlackRock’s Bitcoin ETF application, saying, “It’s not going to happen.” The Bitcoin community largely took the news of the ETF application positively. For example, Peter McCormack pondered whether its approval would spark…

[ad_1] Quick Take The following chart presents the relative dominance of exchange-related deposits and withdrawals with respect to all confirmed transactions, according to Glassnode data as of June 16. The chart presents the following traces:  Total Transaction Count  Total Deposit Transactions  Total Withdrawal Transactions  Exchange Transaction Dominance (%) In the past six months, exchange withdrawals…

[ad_1] Bakkt is the latest U.S.-based crypto platform to delist Cardano, Polygon, and Solana because of the recent regulatory uncertainty surrounding these assets, Fortune reported on June 16. Bakkt’s general counsel and secretary Marc D’Annunzio reportedly said: “[Bakkt is taking this measure] until there is further clarity on how to compliantly offer a more extensive…

[ad_1] French authorities have been investigating Binance for multiple alleged infractions since February 2022, according to a local news report. The Paris public prosecutor’s office told local media that the investigation against the largest crypto exchange is two-pronged. First, authorities are looking into whether Binance solicited French users and thereby operated without a license in…

[ad_1] U.S. House Financial Services Committee Chair Patrick McHenry said he would “closely” watch how the Securities and Exchange Commission (SEC) responds to BlackRock’s application for a spot Bitcoin ETF in a June 16 tweet. McHenry noted that while the decision now rests with SEC Chair Gary Gensler, the financial regulator “must not pick winners…

[ad_1] Quick Take BlackRock has filed its application for a Bitcoin spot ETF which, if approved, would be the first of its kind to receive the regulatory blessing. A historical examination reveals intricate dynamics between the Securities and Exchange Commission (SEC) and BlackRock, particularly in the context of approving or rejecting Exchange-Traded Funds (ETFs), is…

[ad_1] Paulo Ardoino said the Tether “attack” was a good stress test but is now “dying off.” Tether (USDT) moved from a low of $0.99579 on June 15, reaching a local top of $0.99976 later in the day – recovering its de-pegged position. Source: USDTUSD on TradingView.com As reported by CryptoSlate, the brief de-peg was…

[ad_1] The U.S. Federal Deposit Insurance Corp. (FDIC) has issued a cease and desist letter to OKCoin, warning the exchange about misleading statements regarding its insurance status. In a  June 15 letter, the FDIC alleged that the exchange and its senior executives made false representations stating or suggesting that certain crypto-related products were FDIC-insured. The…

[ad_1] Cross-chain infrastructure developer deBridge has launched DLN Trade, according to a press statement shared with CryptoSlate. DLN is an advanced non-custodial cross-chain exchange that enables fast and secure native trading across chains without liquidity pools. According to the press statement, DLN revolutionizes cryptocurrency trading by harnessing a global liquidity engine that creates a decentralized…

[ad_1] Disgraced FTX founder Sam Bankman-Fried’s attempt to strike some of the accusations from his charge sheet may have backfired after prosecutors requested the court “sever” five of the newer charges from the case. New York federal prosecutors made the request in a letter addressed to presiding Judge Lewis Kaplan filed on June 15. The…