Bitcoin Holds Firm Above $28K, Equities Rise Amid Banking Sector Rebound

The SEC's case over allegedly unlawful sales of XRP by Ripple to retail investors is entering the discovery phase.Feb 16, 2021 at 9:51 a.m. UTCRipple, SEC Say Settlement Unlikely Before Trial Over Alleged Securities FraudThe U.S. Securities and Exchange Commission (SEC) and Ripple said Monday that there’s little chance of settlement ahead of the expected…

Apr 23, 2020 at 16:00 UTCUpdated Apr 23, 2020 at 16:15 UTCBlockstack Opens Testnet for New Bitcoin-Linked Consensus MechanismBlockstack is ready to let people try out its new consensus mechanism.Announced Thursday, the Blockstack testnet is open. Developers can now simulate the Stacks blockchain's new, hybrid consensus mechanism, which Blockstack calls Proof-of-Transfer (PoX).A functioning blockchain is…

Bitcoin is about to snap a seven-month winning streak due to several factors, including a slowdown in demand for spot ETFs.According to Fairlead Strategies, Bitcoin’s dominance rate has risen past a critical level, signaling further upside.Bitcoin (BTC) appears on track to end a seven-month winning streak. Still, the largest token by market value is likely

news Facebook’s blockchain lead David Marcus told lawmakers he would be willing to accept 100 percent of his salary in the social media giant’s proposed Libra cryptocurrency. During a Senate Banking Committee hearing on the controversial project Tuesday, the ranking member of the panel, Sen. Sherrod Brown (D-Ohio), repeatedly asked Marcus if he trusted Libra…

Aug 12, 2020 at 21:46 UTCCoinbase CEO Brian Armstrong (CoinDesk archives)Coinbase will allow U.S. retail customers to borrow fiat loans against as much as 30% of their bitcoin holdings in the fall, the San Francisco-based exchange announced Wednesday.  Coinbase is one of the largest and most regulated crypto exchanges to get into the lending business,…

Namibia's government is set to designate a regulatory authority to oversee the virtual asset industry after moving its virtual assets bill into law Friday.The Namibia Virtual Assets Act 2023 aims to help the south African country designate a regulatory authority to regulate and supervise virtual asset service providers and related activities. It is also supposed…

news The U.S. Securities and Exchange Commission said it has reached a settlement with Reggie Middleton, organizer of the fraught $14.8 million Veritaseum (VERI) initial coin offering (ICO). In a filing with the New York Eastern District Court, dated Oct. 31 and published today, Middleton agreed to the consent decree of the final judgment, without having…

U.S. regulators approved bitcoin ETFs, dramatically broadening access to the 15-year-old cryptocurrency.The Securities and Exchange Commission on Wednesday declared effective the 19b-4 filings submitted by the New York Stock Exchange, Nasdaq and Cboe Global Markets, giving these markets permission to list and offer trading in the securities as soon as Thursday. The 22-page document appeared

Bitcoin's year-to-date returns versus gold and the S&P 500. (TradingView)First Mover: Bitcoin Rises More in One Day Than Stocks Have Gained All YearBitcoin prices surged 5% on Wednesday, outpacing stocks and gold amid calls for more government stimulus, as the economic toll of the coronavirus mounts. The oldest and largest cryptocurrency rose to $11,755. The…