Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’
Bitcoin’s weekend rally to $65,000 has evaporated despite confirmation that the US Federal Reserve will cut rates in 2024.
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US Justice Dept. is reportedly ready to settle with Binance for $4 billion
According to a report, an agreement to settle Justice Department charges against the company may be settled by the end of the month. 606 Total views 5 Total shares The US Justice Department is negotiating with Binance in an attempt to resolve its investigation into the company, according to a November 20 report from Bloomberg
Elon Musk’s Twitter buyout is going so poorly that banks had to issue pay cuts
The “hung” loans have led to bankers calling it the worst buyout since 2008.
Meta faces legal scrutiny as AI advancements raise concerns over child safety
Concerns for child safety come amid rapid artificial intelligence advancements involving text and generative AI. 311 Total views 4 Total shares A group of 34 United States states are filing a lawsuit against Facebook and Instagram owner Meta, accusing the company of engaging in improper manipulation of minors who use the platforms. This development comes
SEC chair’s crypto oversight strategy in question as ecosystems collapse
Congressman Tom Emmer showed concerns about the oversight strategy implemented by Gary Gensler, the chair of the U.S. Securities and Exchange Commission for the crypto ecosystem. 214 Total views 1 Total shares While regulations are often aimed at protecting citizens from bad actors, the effectiveness of crypto regulations in the United States is in question…
Bitcoin Briefly Breaks New $5,300 Support as Traditional Markets Grow
Monday, April 8 — Bitcoin (BTC) and Ethereum (ETH) have continued gaining momentum, while most of the top 20 coins by market cap have plunged in the red today.Ontology (ONT) and Bitcoin Cash (BCH) are seeing the biggest losses out of the top 20 coins, down 7.6 and 6.4 percent over the past 24 hours…
Enjin Courts Blockchain Game Developers With Multiverse Program
Blockchain-based gaming ecosystem Enjin (ENJ) has launched its Multiverse Program and is now seeking applications from interested developers.The program is designed to attract developers to explore Enjin’s Multiverse platform — a gaming platform that supports the creation of in-game digital assets that can be transferred and used across multiple games hosted in the multiverse.Developers selected for…
Abra CEO Agrees With Bitcoin’s Role as Digital Gold
Abra CEO and founder Bill Barhydt said he sees Bitcoin as a store of value, increasingly distancing itself from mainstream market price correlation. 909 Total views 14 Total shares After changing roles several times since its 2009 launch, the current line on Bitcoin (BTC) calls it a store of value comparable to gold — a…
‘Banks will have to adjust’ to crypto, says Bank of England leader
Jon Cunliffe, one of the leaders of England's central bank, said banks must adapt to the changes brought on by digital assets. 3106 Total views 30 Total shares Blockchain and digital assets offer folks the ability to store their own assets, possibly threatening the solution banks offer. Making sure banks remain relevant is not on…