Bitcoin price hits new June lows while open interest stays above $35B

The legal motion referred to the SEC publicly claiming CZ and Binance could “commingle customer assets or divert customer assets,” despite a court transcript suggesting otherwise. 410 Total views 2 Total shares Lawyers representing United States-based crypto exchange Binance.US, global exchange Binance Holdings Limited and Binance CEO Changpeng "CZ” Zhao have filed a motion alleging…

Matthew Ferranti, a Ph.D. candidate at Harvard, pointed out that Bitcoin is an optimal alternative hedging asset for central banks. 895 Total views 6 Total shares A research paper published at Harvard university highlighted how central banks can use Bitcoin (BTC) to hedge against financial sanctions from fiat reserve issuers. A working paper, titled “Hedging Sanctions…

Gensler was asked about the Ripple decision twice shortly after the ruling, and his main message was that he would rather not talk about it. 653 Total views 1 Total shares United States Securities and Exchange Commission (SEC) chair Gary Gensler has commented publicly about the last week’s ruling on the agency’s suit against Ripple. Gensler…

A new extortion scam targeting website owners serving banner ads through Google's AdSense program has begun circulating the Internet. The malicious scheme demands Bitcoin (BTC) in exchange for preventing an attack, which would purportedly lead to the users’ AdSense account suspension.The email-based extortion scheme was reported by security news and investigation blog KrebsOnSecurity, on Feb.…

International consultancy firm Forensic Risk Alliance will reportedly closely oversee all compliance activities of cryptocurrency exchange Binance for the next three years.

The year 2021 has undoubtedly been a bull market with Bitcoin (BTC) raising the all-time high price bar several times this year. But not all crypto assets have performed equally. There have been a number of losers in addition to the majority of winners in terms of price gains.Since the beginning of 2021, total crypto…

According to cLabs, the Celo transition would include leveraging OP Stack as the architecture to become an Ethereum L2 blockchain. 276 Total views 1 Total shares CLabs, the organization responsible for developing the Celo blockchain, is seeking to return to the Ethereum ecosystem by transitioning from an independent EVM-compatible layer-1 blockchain to an Ethereum layer-2…

The Bitcoin (BTC) mining ASIC manufacturing industry is expected to further consolidate due to tightened competition, geopolitical pressures and slower returns on investment after Bitcoin’s recent halving. In a new report from crypto derivatives exchange BitMEX, published June 15, researchers wrote they “think it is likely that only 2 to 3 players will survive into the…

Diving into the Aggregate Layer with Brendan Farmer to determine the implications it will have upon latency, liquidity fragmentation, and more.