Bitcoin News Roundup for May 11, 2020

markets View Bitcoin is on the defensive, having closed below $8,000 last week. The price has also established a bearish lower high at $8,135. A short-term bullish-to-bearish trend change, however, would be confirmed if the price drops below $7,432 (June 4 low), establishing a lower low. With the weekly chart reporting a bearish candlestick pattern,…

Top crypto exchange Binance intends to ask a court to dismiss the U.S. Commodity Futures Trading Commission’s (CFTC) suit against it, according to a new filing on Monday.The CFTC sued Binance, its founder Changpeng Zhao, and compliance officer Samuel Lim in a U.S. court in Illinois in March, alleging that the exchange operated a derivatives…

A comprehensive regulatory framework is crucial for mainstream adoption of digital assets and institutional engagement, Bank of America (BAC) said in a research report Friday.However, a U.S. court’s recent ruling against the Securities and Exchange Commission (SEC) in its lawsuit against Ripple Labs does little to clarify the situation, the bank said. While the digital…

TETON VILLAGE, WY. — The window for crypto legislation in 2024 is narrowing, but there is still a path toward getting something passed this year, Sen. Cynthia Lummis (R-Wyo.) said Wednesday. While neither she nor Sen. Tim Scott (R-S.C.), who also spoke at the SALT Wyoming Symposium hosted ahead of the Federal Reserve's annual Jackson

feature Casa’s new mobile app makes it easier to manage your lightning node on the go. Launched today, the new Sats App works like a noncustodial wallet with some unique features. In addition to being able to manage a user’s lightning node from the mobile app, Casa CEO Jeremy Welch said the startup will soon…

Daniel Kuhn is a reporter on CoinDesk's Features team. He owns BTC and ETH.Nic Carter, prominent industry venture capitalist and shyguy, had an insightful comment yesterday about how it’s easy to lose sight of reality when you’re logged on, heads down focused on building the digital tomorrow. It was in an article about tungsten –…

BlackRock (BLK) revealed that it received $100,000 as “seed capital” for its proposed bitcoin (BTC) exchange-traded fund, the investment giant disclosed in a fresh application with the U.S. Securities and Exchange Commission (SEC).“The seed capital investor agreed to purchase $100,000 in shares on October 27, 2023, and on October 27, 2023 took delivery of 4,000

feature Tron founder Justin Sun stirred up controversy this week by promising to give away a Tesla to one lucky Twitter follower who retweeted his post. Now, according to a statement issued Friday, he’s giving away two. A video of the random selection identified a Washington, D.C.-based account, @uzgaroth, as the initial winner. However, Sun promptly…

Half a dozen lawsuits against the allegedly fraudulent cryptocurrency scheme BitConnect have now been combined into a single legal effort. According to court documents filed last Thursday, a new Amended Consolidated Class Action Complaint has been initiated in the U.S. District Court for the Southern District of Florida. The new class action – coming months…