Category : Bitcoin.com

Bitcoin.com

Iran and Russia Talk Crypto Cooperation, Unveil Tool Streamlining Trade in National Currencies

Experts and business representatives from Iran and Russia have discussed the potential uses of cryptocurrencies and blockchain. The two countries are also collaborating on implementing new financial instruments facilitating bilateral trade in their n...

The Potential of NFTs and the Metaverse ‘Remain Vast and Largely Untapped’ Says Peer Inc CEO

According to Tony Tran, the chairman and CEO of Peer Inc, the cooling interest in non-fungible tokens (NFTs) and the metaverse particularly by corporations and tech giants like Meta does not signal their end but instead “it reflects the natural...

Former SEC Official Predicts Impending DOJ Indictment Against Binance

Former Securities and Exchange Commission (SEC) official John Reed Stark said on Sunday via Twitter that he believes the U.S. Department of Justice (DOJ) has filed or will file a criminal indictment related to Binance. Stark, who draws from his exper...

Turks Turn to Tether Amid Record Inflation, Limited Access to Dollar, Report Reveals

People in Turkey have been seeking refuge in stablecoins as their national fiat continues to depreciate against the greenback. The Turkish lira saw a record drop in its exchange rate with the U.S. dollar when the country’s central bank halted...

If Microstrategy Chose ETH Over BTC, the Firm Would Be up 54% and Ahead by More Than $2B, Data Reveals

At 1:19 p.m. Eastern Time on Sunday, June 11, 2023, Microstrategy, a publicly-listed company, had 140,000 bitcoin (BTC) on its balance sheet. Despite this impressive figure, a data analyst at blockchaincenter.net compiled metrics that reveal the comp...

Former SEC Chairman Jay Clayton on Enforcement Actions: Crypto Should Be Treated With ‘Nuance’

Jay Clayton, former U.S. Securities and Exchange Commission (SEC) chairman, gave his opinion about how the organization approaches enforcement in the crypto space. In a Bloomberg Invest panel, Clayton stated that while he supports the agency and the...

Notions of DAO Immunity Sink as CFTC Lawsuit Declares Ooki DAO a ‘Person’ Under the Law

On June 9, 2023, the Commodity Futures Trading Commission (CFTC) declared victory in a lawsuit against Ooki DAO, a decentralized autonomous organization. According to the CFTC, the judge’s ruling that the Ooki DAO is a “person” unde...

SEC Lawsuits Fuel Bitcoin and Ethereum Exodus From Exchanges: Nearly $1 Billion Withdrawn in 7 Days

It has been six days since Binance faced a lawsuit from the U.S. Securities and Exchange Commission (SEC), and five days since Coinbase encountered a similar legal challenge. In the wake of these events, a substantial amount of bitcoin and ethereum h...

Economist Jim Rickards Predicts Unveiling of New BRICS Currency — Says ‘the World Is Unprepared for This Geopolitical Shock Wave’

Jim Rickards, an economist and the author of “Currency Wars,” has predicted the unveiling of a new BRICS currency, stating that it “could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading payment...

Binance, Coinbase, Robinhood: A Week of Crypto Crackdowns and Regulatory Fallout — Week in Review

Seismic shifts have been occurring in crypto this past week, with the United States Securities and Exchange Commission (SEC) leaning remarkably further into what some call its “regulation by enforcement” approach, as the entity...

Altcoins Feel the Heat: Crypto Market Theories Run Wild, While Proponents Seek Guidance

Amid the recent crackdown on two of the world’s largest crypto exchanges, cryptocurrency enthusiasts have been buzzing with discussions on various theories and investment strategies. While some have opted to sell their holdings in the face of...

European Consumer Organization Calls for Curbing Crypto Promotion on Twitter, Tiktok

BEUC, the European Consumer Organization, has urged Brussels to clamp down on the promotion of crypto assets on social media. The umbrella group calls for implementing stricter advertising rules on major platforms like Twitter and Tiktok as well as p...

Nigerian Regulator Labels Binance Affiliate’s Local Operations Illegal

The Nigerian Securities and Exchange Commission has said crypto exchange Binance’s local affiliate “is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal.” The regulator has also s...

Russian Banker Predicts End of Dollar Dominance as Global Power Shifts

Russia’s second-largest bank’s chairman has predicted the end of U.S. dollar dominance. He believes that the Chinese yuan will replace the U.S. dollar as the dominant currency. “I think that the time has come when China will gradually remove cu...

Economist Peter Schiff Says the Fed Destroyed US Banking System — ‘It’s Insolvent’

Economist Peter Schiff says the U.S. banking system is insolvent. He stressed that the Federal Reserve destroyed the U.S. banking system, citing near-zero interest rates at banks while “the Fed funds rate is 5.25% and the real inflation rate is...

Rich Dad Poor Dad Author Robert Kiyosaki Warns of ‘Greatest Real Estate Crash Ever’

Rich Dad Poor Dad author Robert Kiyosaki has warned that the real estate market is on the verge of a crash that will be worse than the 2008 financial crisis. Noting that it will be the greatest crash “ever,” he stressed that the 2023 cris...

Bitcoin Dominance Soars to 47.5%: Highest Level in a Year as Other Crypto Assets Suffer

On June 10, 2023, bitcoin is dominating with a market capitalization dominance of 47.5%, marking its highest level since this time last year, according to coinmarketcap.com. Meanwhile, ethereum’s dominance is holding steady at 20%, indicating...

AI Chatbots Weigh In: Is Bitcoin Poised to Become a Global Reserve Currency?

While some people believe that bitcoin (BTC) could become a global reserve asset, others are skeptical. Rather than relying on human subjective valuations and biases, we conducted an experiment to let artificial intelligence (AI) determine whether bi...

Judge Upholds Confidentiality of FTX Customers’ Identities, Citing Security Concerns

In the FTX bankruptcy case, the presiding judge John Dorsey has ruled to maintain the confidentiality of individual customer identities, according to a recent decision on Friday. Dorsey emphasized the importance of safeguarding these clients, express...

Smart Contract Tokens and Defi Sector Suffer Steep Losses, Threatening TVL to Fall Below $40 Billion

The overall value of the crypto economy has dropped by more than 5% against the US dollar in the past 24 hours, with the top smart contract token sector losing more than 8% in the same time frame. The downturn has also affected the decentralized fina...

Biggest Movers: ADA, MATIC Plunge by Nearly 25%, Following Robinhood Delisting

Cardano fell by over 25% on Saturday, as traders continued to react to the token being delisted from the Robinhood platform. The global cryptocurrency market cap is currently down by nearly 6%, following these developments. Polygon, which was also de...

Bitcoin, Ethereum Technical Analysis: BTC Falls Below $26,000, as Traders Digest SEC’s Crypto Crackdown

Bitcoin moved below the $26,000 level to start the weekend, as bearish pressure intensified following a week of turbulence. Sentiment in the market once again shifted, as traders liquidated their positions on the back of the U.S. Securities and Excha...

Russia’s Largest Bank to Allow Retail Investors to Trade Digital Assets

Majority state-owned lender Sberbank is preparing to allow Russian citizens to buy and sell digital assets. Private individuals will be provided access to its proprietary blockchain platform as early as this month, a top executive of the bank announc...

Founder of SEC Office of Internet Enforcement Warns of Upcoming Regulatory Siege: ‘Get Out of Crypto Platforms Now’

John Reed Stark, founder and former chief of the Office of Internet Enforcement of the U.S. Securities and Exchange Commission (SEC), has warned about a new regulatory “siege” against crypto platforms. Reed Stark believes that “cryp...

Singapore’s Crypto.com to Halt US Institutional Division Citing ‘Limited Demand’

Singapore-based cryptocurrency exchange Crypto.com announced that it intends to halt services for institutional traders in the United States on June 21, 2023. The exchange cited “limited demand” as the reason for suspending its institutio...

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