Enforcement actions on cryptocurrency firms by regulators in the United States could result in a Bitcoin (BTC)-focused industry that will push its price over $250,000, according to MicroStrategy co-founder Michael Saylor. In a June 13 Bloomberg interview, the Bitcoin bull explained recent enforcement actions from the Securities and Exchange Commission (SEC) will eventually play in
Month: June 2023
Amazon Web Services (AWS) suffered a minor outage but there was no impact on Ethereum network nodes which largely rely on Amazon’s hosting. On June 13, the cloud service provider went down temporarily for around three hours. At 12:08 PM PDT, the company first reported it was “investigating increased error rates and latencies” in parts
Cryptocurrency payments service provider Ripple continues to see global adoption of its payment services despite a long-winded legal battle with the United States Securities and Exchange Commission (SEC) over its XRP (XRP) token. In a wide-ranging interview with Cointelegraph at Money 20/20 in Amsterdam, Sendi Young, Ripple’s managing director for Europe and the United Kingdom,
Ripple’s chief legal officer Stuart Alderoty has called for an investigation into the motivations that led to former SEC official William Hinman delivering his now-infamous speech in 2018. Alderoty’s demand for an investigation came as part of a June 13 Twitter thread following the public release of the Hinman documents. The documents revealed that Hinman’s
Bitcoin’s (BTC) percentage share in the crypto market has risen to nearly 50% in the aftermath of the last week’s altcoin market rout. On June 13, the Bitcoin Dominance Index (BTC.D), which tracks BTC’s weight against other cryptocurrencies, reached 49.29%, slightly down from its two-year highs of 49.66% seen earlier this week. BTC.D daily price
Bitcoin (BTC) has been trading in a narrow 3.4% range for the past three days after successfully defending the $25,500 support on June 10. In this time, investors’ attention has shifted to the macroeconomic area as the U.S. Federal Reserve will announce its interest rate decision on June 14. Cryptocurrencies might work independently from the
Uniswap Labs has released a draft of the code for Uniswap V4, according to a June 13 blog post from Uniswap’s Founder, Hayden Adams. The new code features “hooks” or plugins that allow developers to create custom liquidity pools. Uniswap is the largest decentralized crypto exchange in the world by volume. Its latest version is
The United States securities regulator has asked for four more months to provide a response to Coinbase’s request for crypto regulatory clarity. In a June 13 letter submitted to the U.S. Court of Appeals for the Third Circuit, the Securities and Exchange Commission (SEC) said it needs an additional 120 days to reply to Coinbase’s
Expectations for the Ripple lawsuit summary judgment have heightened among XRP community members ahead of essential revelations. The broader crypto community and XRP holders await the unsealing of the Hinman speech documents moved up to June 13. Considering the building pressure and heightened regulatory uncertainty, the crypto community expects clarification from the doc. The Hinman
Due to its Bitcoin (BTC) tipping feature, the decentralized social media app called Damus could face the axe from the Apple app store. The creators behind the decentralized social media platform shared a warning letter from Apple on June 13. The letter warned that the app will be removed from the platform because of the
Newly released documents showing edits that were made to a 2018 speech given by former director of the Security and Exchange Commission’s (SEC) corporate finance division Bill Hinman suggest the editors were concerned his statement might undermine the idea that Ether (ETH) is a security. This could risk locking the agency into a position it
The United Kingdom arm of cryptocurrency exchange Bitstamp has joined the list of registered firms under the country’s Financial Conduct Authority. According to the FCA list of registered cryptoasset firms as of June 13, Bitstamp U.K. Limited and Interactive Brokers Limited became the first companies to join other registered entities in the U.K. after roughly
Buying a small-town soccer club with the aim to propel it into the Premier League — the world’s most popular football league — is a script suitable for a Netflix series. In fact, actor Ryan Reynold’s bid to revitalize lower-league Welsh soccer team Wrexham FC has already caught the attention of Disney+ writers. It’s a
Bitcoin (BTC) fell back in line at the June 12 Wall Street open after a brief macroeconomic data jolt failed to shift the status quo. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Markets expect first Fed pause since 2021 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to circle $26,000, avoiding major
Can a football team backed by Bitcoin (BTC) really raise up a town? In the latest Cointelegraph documentary, reporter Joe Hall investigates the impact of a Bitcoin football club, Real Bedford, on the small commuter town of Bedford in the United Kingdom. [embedded content] Peter McCormack, the renowned host of the What Bitcoin Did podcast, bought
Binance.US has asked the court to deny the securities regulator’s proposed temporary restraining order against its assets ahead of a June 13 hearing, claiming that the move would “effectively end” its business. In a June 12 filing, Binance.US slammed the SEC’s emergency motion for a temporary restraining order on its business, calling it “draconian and
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