Binance, one of the largest cryptocurrency exchanges in the world, recently announced the sale of its Russia business to CommEX, a newly launched crypto platform. The financial details of the deal have not been disclosed. However, Binance stated that it will no longer have any ongoing revenue split or the option to buy back shares
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Ripple’s chief legal officer, Stuart Alderoty, has raised concerns about the upcoming statements of Gary Gensler, the U.S. Securities and Exchange Commission (SEC) Chairman, during his appearance before the Senate Committee on Financial Services. According to Alderoty, Gensler’s statements may be misleading and misrepresent the nature of the crypto asset securities market. This article delves
In a recent report, Bloomberg analyst Jamie Coutts sheds light on asset managers’ growing interest in Bitcoin, an interest that extends beyond exchange-traded funds (ETFs) and into the mining sector. Coutts emphasizes the involvement of BlackRock, Vanguard, and State Street in the Bitcoin mining industry for over three years. This article examines this significant development
Tecpetrol, a prominent oil producer in Argentina, has recently made an intriguing announcement in the world of cryptocurrency mining. The company plans to utilize associated gas from its oil fields to power miners’ rigs, generating electricity to mine various cryptocurrencies. This bold move sets Tecpetrol apart as a forward-thinking company that is willing to explore
The U.S. Securities and Exchange Commission (SEC) has again deferred its decision on the ARK 21Shares Bitcoin Exchange-Traded Fund (ETF), causing further uncertainty in the market. This latest filing, dated September 26, highlights the SEC’s ongoing indecisiveness regarding the approval and listing of the ETF proposed by Cboe BZX. Cboe BZX initially submitted the filing
In recent months, the popular meme coin PEPE has experienced a decline in value, reaching a three-month low in mid-September. However, it has recently shown signs of a potential recovery with a 16% bounce from its bottom. Despite this upward momentum, there are concerns about whether PEPE can overcome its current resistance levels and maintain
Tim Draper, a renowned venture capitalist and founder of Draper University, has made several bold predictions and investments over the years. However, not all of his predictions have come true. Despite his track record, Draper remains confident in his abilities and continues to make predictions in the cryptocurrency market. In 2014, Draper predicted that Bitcoin
The recent proposal by Celsius Network to involve Coinbase as part of its bankruptcy and reorganization plan has been met with opposition from the United States Securities and Exchange Commission (SEC). The SEC has raised concerns about the nature of the agreement between Celsius and Coinbase, citing potential legal disputes. This article examines the objections
HTX global adviser Justin Sun recently announced the creation of a secure asset fund for users (SAFU) after the exchange experienced a $7.9 million exploit of its hot wallet on September 24. This fund serves as a safety net for investors, ensuring that they are reimbursed for any losses resulting from hacks or unforeseen incidents
Litecoin (LTC) has been facing a challenging time in the market, as it has been trading within a tight price range for the past week. The value of LTC has been hovering steadily around the mid-range point of $64, reflecting the prevailing bearish sentiment. This trend is not surprising considering the recent price report which
