Ad The Commodities Futures Trading Commission (CFTC) filing against Binance represented the culmination of increased regulatory pressure on the crypto industry. On March 27, the CFTC sued the company, its CEO Changpeng Zhao (CZ), and its compliance lead Samuel Lim for violating commodities regulations in the U.S. The market reacted switftly to the filing, with…
Paxful suspends marketplace
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Bakkt finalizes $155M acquisition of Apex Crypto
Ad Bakkt has completed its acquisition of the integrated trading platform Apex Crypto, according to an announcement published by the former company on April 3. Gavin Michael, CEO of Bakkt, said that the acquisition will help Bakkt progress make progress on its “crypto roadmap,” writing: “This acquisition marks an exciting new chapter for Bakkt… helping…
Dogecoin rallies 30% after Twitter logo changes to DOGE
Twitter Technology Company in North America Twitter, Inc is an American social media company based in San Francisco, California that was founded by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams in March 2006 and was launched July of the same year. More about Twitter Info Twitter
Musk asks court to dismiss $258B DOGE racketeering lawsuit
Ad Elon Musk’s lawyers have filed a motion to dismiss the $258 billion racketeering lawsuit related to his tweets and mentions of Dogecoin (DOGE). The lawyers argued that the lawsuit is based on “innocuous and often silly tweets” made by Musk over the years and thus holds no merit in court. Musk’s lawyers added that…
Arbitrum Foundation said it sold 10M ARB tokens to fund operating cost
Ad Arbitrum Foundation said it sold 10 million ARB tokens to fund pre-existing contracts and to pay for near-term operating costs. In an April 2 Twitter thread, the Ethereum (ETH) layer2 solution foundation clarified that the token sales were essential for running its operation because it is a separate entity from Offchain Labs and was…
Senator Warren says banks have ‘done really bad jobs’, advocates for CBDCs instead of Bitcoin
Ad U.S. lawmaker Senator Elizabeth Warren conceded that banks “have done a really bad job” while advocating for central bank digital currencies (CBDCs) because the government backs them. In a March 31 NBC Meet The Press interview, Warren highlighted several banking industry issues — including high transaction fees, lack of speed, and lack of transparency….
MacroSlate Weekly: Bitcoin maintains resilience in face of continuing market uncertainty
Ad TLDR Bitcoin broke out of a potential bear market according to realized price cohorts. Record-breaking BTC options expired on Friday. On March 14, the U.S. government sold 9,861 BTC, and approximately 41,490 BTC remains. U.S. PCE data comes in slightly lower than expected E.U core inflation hits all-time high UK house prices suffer the…
Bittrex to halt US operations by end of April
Ad Bittrex, a notable cryptocurrency exchange, said that it plans to voluntarily halt U.S. operations in an email sent to users on March 31. Bittrex will cease U.S. operations The company said it will fully cease operations in the U.S. at 12 p.m. PDT on April 30. It also said that April 14 is the…
U.S. government sold over 9k BTC for $215.7M on March 14
Ad The United States government said it sold 9,861.17 Bitcoin on March 14 for $215.7 million, according to a March 31 court filing. According to the court document, the sold BTC was part of the 51,351 seized from James Zhong. Zhong pleaded guilty to wire fraud after the government arrested him for unlawfully obtaining digital…