Coinbase’s credit rating has been lowered by Moody’s from “stable” to “negative.” As a result of the SEC’s legal action against the cryptocurrency exchange for allegedly acting as an unregistered securities broker. Moody’s explained the cut on June 8 by saying it was worried about how the SEC action would
Binance.US, one of the leading cryptocurrency exchanges in the United States, has recently announced the suspension of USD deposits and issued a warning regarding an upcoming withdrawal pause. The decision comes as Binance.US aims to safeguard its customers and the platform from what it describes as “extremely aggressive and intimidating
A sizeable transaction of 2,150 Bitcoin (BTC) worth approximately $57,055,404 has been transferred from an unknown wallet to Coinbase, signaling heightened trading activity. This move, detected by the blockchain analytics platform Whale Alert, will likely stir the cryptocurrency market and spark investor interest. 🚨 🚨 🚨 2,150 #BTC (57,055,404 USD)
Good Gensler (GENSLR), the cryptocurrency known as the memecoin of Gary Gensler, has shown a massive increase in recent days. Good Gensler has witnessed a 125.82% increase in the last seven days. Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), has become the talk of the crypto
Glassnode, the famous crypto analytics firm, recently made a striking observation. Over the past year, a distinct divergence has cropped up in the Bitcoin supply change based on geographical regions. A clear divergence is visible in the year-over-year BTC supply change based on geographical regions. The extreme dominance of US
In a significant twist of events, the cryptocurrency market is reeling. The blame squarely falls on the SEC’s lawsuits against prominent crypto exchanges Binance and Coinbase. Over 100 digital currencies have felt the sting, and even top market-cap cryptocurrencies weren’t spared. A Glimpse at the Ten Hardest-Hit Cryptocurrencies Leading the
The CEO of Binance, Changpeng Zhao stands forth in the tough times of facing the allegations from the SEC. However, the critical implications on the employer chat record of two customers are addressed by Zhao in his recent concerns. Firstly, a guy, 5 years ago created a reputation check on
In a surprising twist, Ripple (XRP) stands firm above the $0.50 mark even after the Securities and Exchange Commission (SEC) took legal action against prominent exchanges Binance and Coinbase. While most alternative coins experienced a dip in value, XRP’s resilience in the face of adversity is notable. $XRP remains above
The request to upgrade to v2.1.0 Parity put out by the core development group Joint L1 Task Force (L1TF) was unanimously approved by the Terra Classic community. Now that the plan has been approved, on June 14 the L1TF will update the chain, drastically altering Terra Classic in the process.
The United States House of Representatives Energy and Commerce convened on June 7 for an insightful discussion on the future of blockchain technology and Web3. Prominent industry leaders, including Polygon Labs president Ryan Wyatt engaged in a constructive engagement focused on democratizing the internet and addressing regulatory hurdles. The hearing
