First Mover Americas: SEC Warns Coinbase

March 23, 2023
The Last Cryptocurency
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The SEC sued Justin Sun, founder of the Tron blockchain, on Wednesday on allegations that his projects sold and airdropped unregistered securities and committed fraud and market manipulation. The SEC said in a press release it was suing Sun, the Tron Foundation, the BitTorrent Foundation and BitTorrent over the sale of the tronix (TRX) and bitTorrent (BTT) tokens, which the regulator described as unregistered crypto-asset securities. The Tron network’s native TRX token dropped 13% to 5.8 cents after the announcement, according to CoinDesk data.

Jan 9, 2021 at 5:30 p.m. UTCUpdated Jan 9, 2021 at 5:41 p.m. UTCLong-Desired Bitcoin ETF Could Actually Hurt Price in Short Term: JPMorganWhile a bitcoin exchange-traded fund (ETF) would be a long-term positive, in the short term it could hurt the price of the leading cryptocurrency as it would draw institutional money from the…

UK’s FCA Continues Crackdown on Unregistered Crypto ATMs

Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.U.K.'s financial regulator, the Financial Conduct Authority (FCA), is continuing its crackdown on unlawful crypto ATMs.The FCA said it has inspected sites in Exeter, Nottingham and Sheffield alongside the regional police. The devices for turning fiat currency…

Digital Asset Tech Provider Metaco Secures Partnership With Liechtenstein Private Bank

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Jamie Crawley is a CoinDesk news reporter based in London.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Swiss digital asset technology provider Metaco has secured its fifth partnership with a major financial institution…

As Crypto Bulls And Bears Abound, Who Should You Believe?

Christopher Robbins is a nationally recognized journalist who has been featured as a speaker and panelist on topics including investing, personal finance and wealth management. Every time the zeal for digital assets from crypto enthusiasts crescendos, so does the derision from crypto critics.Recently, as bitcoin futures exchange-traded funds made their debuts in the U.S. and the…

Dispersion Capital Opens $40M Fund for Web3 Infrastructure

New crypto-focused venture capital firm Dispersion Capital has launched a $40 million fund focused on pre-seed and seed investments in Web3 infrastructure projects. Limited partners backing the fund included the venture capital arm of USDC issuer Circle, enterprise-focused crypto firm Ripple and Web3 infrastructure giant Alchemy’s investment arm.The fund is opening for business during an…

Bitcoin Could Surge to $120K on ‘Doomsday Rally,’ Trader Says

Geopolitical events and the search for an investment hedge led some traders to say bitcoin could surge in the coming months, despite a recent 10% weekly drop in its value.The correlation between bitcoin and traditional market assets remains high, but some investors see the cryptocurrency as a viable hedge and investment option, with expectations its

Chase Bank to Refund 95% of $2.5M It Allegedly Overcharged Crypto Buyers

Jun 1, 2020 at 09:00 UTCUpdated Jun 1, 2020 at 09:03 UTCCredit: Shutterstock/TooykrubChase Bank has agreed to repay most of $2.5 million in fees customers say it unfairly charged for cryptocurrency transactions. A subsidiary of JP Morgan Chase, the bank has agreed to settle a class-action lawsuit resulting from the bank’s decision in 2018 to…

Andreessen Horowitz Forecasts Fourth Crypto Bull Cycle

May 18, 2020 at 13:03 UTCUpdated May 18, 2020 at 13:16 UTCMarc Andreessen, a16z cofounder (Credit: Joi / Wikimedia Commons)Less than a month after launching a new $515 million crypto fund, Andreessen Horowitz (a16z) is predicting that "high-quality projects" may drive a new growth cycle in the industry.The famous venture capital fund, which has a…

Jump in Ether’s Relative Strength Index Warrants Your Attention. Here is Why

Ether’s 14-week RSI has topped 70, a threshold that marked previous parabolic bull runs.The bullish signal is consistent with excitement surrounding Ethereum’s impending Dencun upgrade and the potential debut of spot ETFs.Crypto traders may want to pull up ether’s (ETH) relative strength index (RSI) on their screens as the popular technical analysis tool is signaling

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