Tue, January 20

FTX Reportedly Planning To Sell Stake in OpenAI Competitor Anthropic

According to Semafor, FTX is considering selling its interest in OpenAI competitor Anthropic. According to reports from November 2022, the cryptocurrency exchange now owns over $500 million worth of shares in Anthropic. Semafor reports that the bank that might be selling the shares is Perella Weinberg, and that the bank

June 7, 2023 1 min read

Cathie Wood Acquires $21.6M Worth of Coinbase Stock Amid Price Fall

On June 6, when Coinbase Global Inc. shares plunged to over five-month lows owing to the Securities and Exchange Commission’s crackdown on the crypto sector, Cathie Wood’s Ark Invest increased its investment in the company. On June 7, the three funds controlled by Cathie Wood had acquired about 400,000 shares

June 7, 2023 1 min read

Robinhood Evaluating Cryptocurrency Offerings Amidst SEC’s Crackdown

After the SEC’s assault on Binance and Coinbase, the publicly traded commission-free investing platform Robinhood is evaluating its cryptocurrency offerings. On Tuesday, June 6th, Robinhood’s head of law, Dan Gallagher, appraised Congress on the current position. Former SEC Commissioner and recent witness before the House Agriculture Committee on digital assets,

June 7, 2023 1 min read

Binance Prioritizes Users Safety Over SEC Intense Move

Crypto enthusiasts are on the edge of their seats as the intense battle between the SEC and Binance continues to unfold with each new update. The SEC’s recent move to file an emergency motion with the District of Columbia U.S. District Court, seeking to freeze the assets has sent shockwaves

June 7, 2023 2 mins read

Coinbase CEO Challenging SEC by Defending Crypto Industry

Coinbase, one of the world’s leading cryptocurrency exchanges, has declared its determination to fight the recent lawsuit. The Securities and Exchange Commission (SEC) raised a complaint in a bold move to represent the entire cryptocurrency industry. The company’s CEO, Brian Armstrong, expressed pride in taking on the legal battle. However,

June 7, 2023 3 mins read

Coinbase Still Holds Their Stocks Up Comparing January Losses

Following the dispute between the U.S. Securities and Exchange Commission (SEC) and Coinbase, the cryptocurrency exchange, the stock of Coinbase (COIN) faces a hit on Tuesday. Yet, this has been holding the stocks high as compared to the losses faced in January 2023. The lawsuit has created a bigger impact

June 6, 2023 1 min read

Binance SEC Controversy: Jim Cramer Sounds Alarm on Crypto’s Future

Binance Holdings Ltd., BAM Trading Services Inc. (Binance’s U.S. subsidiary), and founder Changpeng Zhao have all been accused of misconduct by the United States Securities and Exchange Commission (SEC) recently. These claims include various points, such as alleged securities law breaches and a lack of openness. These allegations have cast

June 6, 2023 2 mins read

SEC vs Binance Lawsuit Leads to Horrendous Outcomes in 24H

The SEC vs Binance lawsuit has begun to take its toll on the cryptocurrency market. Shockingly, on Monday, the market lost nearly $52.7 billion in just an hour after the announcement. In the last 24-hour window, the exchange’s withdrawals on Ethereum exceeded the deposits by $778.6 million, as reported by

June 6, 2023 2 mins read

Charles Hoskinson Criticizes SEC’s Latest Move Against Binance

Shockwaves have been felt across the cryptocurrency industry after Monday’s SEC lawsuit against cryptocurrency exchange Binance. Over the last 24 hours, Bitcoin and the cryptocurrency market as a whole have dropped by 4%. Many prominent figures in the cryptocurrency industry have spoken out in favor of Binance and its leadership

June 6, 2023 1 min read
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