North Carolina Senate overrides governor veto to pass Fed CBDC ban bill
A Senate veto-busting vote saw 12 Democrats who initially voted for North Carolina’s CBDC banning bill switch to backing Governor Roy Cooper’s veto.
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Ethics watchdog rats out Circle for links to Tron in letter to Sens. Warren, Brown
Nonprofit ethics group Campaign for Accountability (CfA) sent a letter to U.S. Senators Elizabeth Warren and Sherrod Brown on Nov. 9 to present them with information on the alleged use of cryptocurrency in money laundering. The letter discussed the Tron blockchain and stablecoin issuer Circle in particular.In the letter signed by CfA executive director Michelle
Crypto OTC Trading, Explained
1. What is OTC trading? Generally speaking, over-the-counter (OTC) trading is a deal that happens directly between two interested parties — that is, without the supervision of exchanges. OTC deals involve a wide range of assets — from commodities to financial instruments like stocks and derivatives. Unlike traditional exchanges, the OTC market is decentralized and…
Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up
After a period of relative calm, the United States Securities and Exchange Commission (SEC) kicked off its summer crypto crackdown by targeting two major exchanges, Binance and Coinbase.A total of 13 charges have been filed against Binance. One of the allegations in the suit claims that funds from Binance and Binance.US were commingled into an…
Pro traders go short as overbought derivatives propel Ethereum’s new high
Ether’s (ETH) performance over the past week has been nothing short of exceptional. The price rallied from a $905 low on Jan. 11 to a new all-time high at $1,440 on Jan. 19. According to Cointelegraph, the main reasons fueling this move are the growth of decentralized finance (DeFi) protocols as the total value locked reached…
Crypto exchange Binance among firms eyeing new stablecoins in Japan
Binance and Mitsubishi UFJ Trust and Banking Corporation (MUTB) are exploring the issuance of Yen and other foreign currency-denominated stablecoins in Japan. Crypto exchange Binance is teaming up with Japan’s largest bank, the Mitsubishi UFJ Trust and Banking Corporation (MUTB), to explore the issuance of stablecoins in Japan.On Sept. 25, Binance Japan announced a joint
Former Coinbase manager slams SEC in motion to dismiss insider trading case
The attorneys for Ishan and Nikhil Wahi wanting the case thrown out arguing the SEC was “wrong” when charging the pair. 224 Total views 9 Total shares Own this piece of history Collect this article as an NFTA former product manager at cryptocurrency exchange Coinbase has moved to dismiss charges of alleged insider trading, with…
Bitcoin price drops to $13.3K after matching peak of 2019 bull run
Briefly challenging $14,000 produced major volatility for BTC/USD, which subsequently retreated by over $500 in hours. 2291 Total views 22 Total shares Bitcoin (BTC) retreated to $13,300 on Oct. 28 after a retest of its 2019 resistance levels was met with rejection. Cryptocurrency market overview from Coin360Data from Cointelegraph Markets, Coin360 and TradingView show volatility rising…
Ethereum whale transactions peak at 2-month high amid Goerli testnet merger
ETH price reached a new 2-month high of $1,919 as institutional inflows saw seven straight weeks of inflows even when Bitcoin has seen a net outflow in the same period. 335 Total views 5 Total shares The Goerli testnet was successfully merged to the proof-of-stake (PoS) network, marking the final step before Ethereum’s mainnet transition.…