Browsing:Market News

Winklevoss brothers have extended a personal loan worth $100 million to their crypto exchange Gemini
1 year ago 1 min read

Winklevoss Twins Pour $100 Million into Gemini, Says Bloomberg

Gemini co-founders, Tyler and Cameron Winklevoss, have extended a personal loan worth $100 million to their cryptocurrency exchange as external fundraising attempts fail. The move comes amidst regulatory scrutiny of Gemini’s activities. The Securities and Exchange Commission (S.E.C.) charged Gemini and Genesis Global Capital with offering unregistered securities through the exchange’s Earn program in January. Meanwhile, New York’s Department of Financial Services reportedly began investigating the exchange after many users claimed assets in their Earn accounts were FDIC-protected. Despite Tyler Winklevoss’ accusations that the S.E.C. had issued a “manufactured parking ticket,” the exchange was forced to lay off 10% of

SEC Committee Urges Forceful Enforcement on Cryptocurrencies, Highlights Majority as Securities
1 year ago 1 min read

The U.S. SEC calls for strict enforcement of regulations against crypto players

The Investor Advisory Committee of the U.S. Securities and Exchange Commission (SEC) has called for strict enforcement of regulations against crypto players who offer unregistered securities. In a letter addressed to SEC Chair Gary Gensler, the committee urged the regulatory agency to continue its aggressive crackdown on violators in the crypto space, including issuers, custodians, and unregistered trading platforms. The letter also made it clear that the committee considers “virtually all” crypto tokens to be financial securities, a view shared by Gensler himself, who has previously stated that all cryptocurrencies, except Bitcoin, are securities. The SEC committee expressed concern about

Attorney Jeremy Hogan Exposes SEC's Failure to Prove XRP is a Security in Ripple Lawsuit
1 year ago 2 mins read

XRP is Not a Security, SEC Fails to Prove in Ripple Lawsuit, Attorney Jeremy Hogan States

One crypto legal expert has weighed in on the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs. Attorney and XRP supporter Jeremy Hogan recently took to Twitter to explain to his 263,300 followers why he believes the SEC has not proven that XRP is a security in the regulator’s lawsuit against Ripple Labs. The SEC filed a lawsuit against Ripple in late 2020, claiming that the company sold XRP as an unregistered security. However, Hogan argues that the SEC has so far failed to prove that there was a contract of investment for investors

US Presidential Candidate Robert Kennedy has become a proponent of Bitcoin
1 year ago 1 min read

U.S. Presidential Candidate Robert Kennedy Praises Bitcoin’s Role as a Safe Haven Asset

US Presidential Candidate Robert Kennedy has become a proponent of Bitcoin as a safe haven during times of financial instability. In an era of evolving finance, where cryptocurrencies like Bitcoin are gaining popularity, Kennedy argues that decentralized networks like Bitcoin are less vulnerable to market volatility and government policies, offering an alternative to the traditional financial system. The US government has been increasingly critical of the crypto industry, with the launch of FedNow, a real-time payment system backed by a version of a central bank digital currency. Kennedy has voiced concerns about the Federal Reserve’s monetary policies and its relationship

Shanghai Upgrade Unlikely to Impact ETH Price, Says Ether Capital CEO
1 year ago 1 min read

Ethereum’s Shanghai Upgrade Expected to Have Little Effect on Price, Says Ether Capital CEO

Brian Mosoff, CEO of Ether Capital, a technology company focused on the Ethereum network, believes that the upcoming Shanghai hard fork is unlikely to have a significant impact on the price of ether (ETH). The network’s Shapella upgrade, which is scheduled to take place on April 12, will allow users to withdraw the ETH they have staked in the Ethereum blockchain’s consensus system. While there is a lingering fear in the market that the unlocking of staked ETH could lead to a rush to liquidate and pressure on ETH’s price, Mosoff doesn’t see this happening. In fact, he believes that

Coinbase is losing one of its top executives
1 year ago 1 min read

Head of Coinbase Exchange Steps Down From Role

Coinbase, one of the leading U.S.-based cryptocurrency exchanges, is losing one of its top executives. Vishal Gupta, who served as the Head of Exchange, has decided to leave the company to work on a new project, according to a report by Bloomberg. Gupta had been with Coinbase for over two and a half years, and prior to his time in the crypto industry, he worked at Goldman Sachs, a prominent traditional finance powerhouse. Gupta’s departure comes at a challenging time for both Coinbase and the broader crypto industry. Cryptocurrencies have been hit hard by a series of bankruptcies and bank

Arkansas lawmakers push for guidelines and protections for Bitcoin mining industry
1 year ago 2 mins read

Arkansas introduces bill to protect Bitcoin miners and provide regulatory guidelines

The U.S. state of Arkansas has taken a step towards offering legal protections to Bitcoin miners by proposing legislation to regulate their operations. This move contrasts with the national regulatory stance of agencies like the SEC, which have imposed fines and lawsuits against companies operating cryptocurrency exchanges. The state’s proposed bitcoin bill, called the Data Centers Act of 2023, has been passed in both the Arkansas House of Representatives and Senate and is awaiting the governor’s approval. The legislation, introduced by Republican Senator Joshua Bryant on March 30, seeks to provide clearer guidelines and protection to crypto miners from discriminatory

The translation of the whitepaper enables Bitcoin to transcend national borders and reach a wider audience.
1 year ago 1 min read

Bitcoin whitepaper now accessible in 43 languages

The translation of the whitepaper enables Bitcoin to transcend national borders and reach a wider audience. It promotes a more decentralized and democratized approach to finance, which aligns with Bitcoin’s principles. The Bitcoin whitepaper, published in 2008, provided a comprehensive explanation of how Bitcoin operates as a decentralized, peer-to-peer digital currency without the need for intermediaries. It set the foundation for the creation of the Bitcoin network, which has since then become a global phenomenon. As Bitcoin continues to gain popularity worldwide, it is important that the community works together to ensure that language barriers do not impede its adoption.

Bitcoin’s price has climbed back above $28,000
1 year ago 1 min read

Stacks (STX) Skyrockets by 7% in a Day While Bitcoin (BTC) Reclaims $28K

Bitcoin’s price has climbed back above $28,000 after a recent dip, and altcoins are also slightly in the green. The most significant increase has been in Stacks (STX), which has soared by 7% in a day. Last week, Bitcoin experienced massive volatility that brought it south by over a grand, but it recovered slightly and traded calmly in the following days. Bitcoin spiked to just under $29,000 on Wednesday, but bears intercepted the move and pushed the asset south. However, BTC returned to around $28,000 and spent most of the next several days around that line. Ethereum is up by

FTX Accused of Complicating Bankruptcy Asset Recovery by Neglecting Financial Controls, States Legal Filing
1 year ago 2 mins read

FTX Accused of Complicating Bankruptcy Asset Recovery by Neglecting Financial Controls, States Legal Filing

Former executives of the bankrupt cryptocurrency exchange FTX are being blamed for the company’s failure to install appropriate financial controls, which is complicating the asset recovery process. According to a court filing dated on Sunday, representatives of FTX Trading Ltd. claim that the previous management team, which included its founder Sam Bankman-Fried, failed to implement control measures and “placed its crypto assets and funds at risk from the outset.” The restructuring team said in the report that FTX did not have personnel knowledgeable enough to account accurately for assets and liabilities, nor did it run dedicated financial risk, audit, or

Changpeng Zhao confirmed that the exchange’s futures UM Rest service/API had caused the disruption
1 year ago 1 min read

Binance Futures Resumes Trading After Addressing Technical Issues

Binance, the world’s largest cryptocurrency exchange, experienced issues that affected its futures trading platform on April 10. The exchange’s CEO, Changpeng Zhao, confirmed that the exchange’s futures UM Rest service/API had caused the disruption, which impacted its user interface and API. Only USD-Margined contracts were affected, however, and the exchange announced that it had resolved the issue after migrating off some affected servers. Trading on the platform has since resumed. Binance has recently come under increased scrutiny, following allegations of market manipulation by the Commodities Futures Trading Commission (CFTC) and rumors of a red notice alert from Interpol for CZ.

Binance Futures experienced a temporary disruption in its UI and API services
1 year ago 1 min read

Binance Futures Users Report UI and API Issues, Cite Disruptions in Trading

Binance Futures experienced a temporary disruption in its UI and API services that affected only its USD-Margined contracts. However, the largest crypto exchange promptly announced that the issue had been resolved, and all operations are back to normal. Binance CEO CZ confirmed that the Futures UM Rest service/API had caused the UI and API issues, but Futures CM (COIN-Margined) contracts remained unaffected. The company announced the full resumption of trading activity for USD-Margined contracts just minutes after the problem was identified. This is not the first time Binance has faced disruptions. In March, the crypto exchange suspended all spot trading

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus