YouTube co-founder backs memecoin based on ‘first cat’ on platform
A cat video filmed 20 years ago by former YouTube chief technology officer Steve Chen is now the basis for a memecoin with a market capitalization of more than $20 million.
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Hester Peirce’s Last Effort at SEC as Wilshire Phoenix BTC ETF Is Rejected
Securities and Exchange Commissioner (SEC) Commissioner Hester Peirce has published a dissenting statement in response to the Commission’s rejection of Wilshire Phoenix’s Bitcoin Exchange Traded Fund application. In her statement, Peirce slams the SEC for its biased treatment of Bitcoin-related products with the passion of a “Bitcoin maximalist.” Given that the commissioner’s term expires in a…
No, Blockchain Technology Cannot Solve Everything
The crypto community was rightly aghast at the “Bitcoin Will Save Us” poster donned by a protester against racial injustice in Dallas last week.Christ pic.twitter.com/BmRmlZnMWa— Jessica Huseman (@JessicaHuseman) June 1, 2020It was a tasteless and inappropriate — albeit well-meaning — attempt to impose a crypto narrative onto a decidedly non-crypto, and much larger, story.The crypto…
Kik Representative Will Give Deposition in SEC Case on Jan. 28
The United States Securities Exchange Commission (SEC) has requested a deposition from a representative of Kik Interactive Inc. to provide detailed information about its operations since releasing native token Kin.Kik Interactive, the Canadian company behind the Kik messenger application, has been dragged into a long-standing legal battle with the U.S. regulator. The SEC claims that…
2022 trial date set for Tether’s accused ‘shadow banker’ Reggie Fowler
Former NFL team owner and alleged “shadow bank” operator Reggie Fowler is not engaged in any plea negotiations and the trial against him is set to begin early next year. 324 Total views 94 Total shares A 2022 trial date has been set for former NFL team owner and alleged "shadow banker" Reggie Fowler. Fowler…
Analysts say Bitcoin price pullback and profit-taking at $50K ‘was expected’
The euphoria seen across the cryptocurrency ecosystem over the past couple of weeks was tampered down on Aug. 26 as an early morning attempt by bulls to push the price of Bitcoin to $50,000 was soundly rejected. Data from Cointelegraph Markets Pro and TradingView shows that following its rejection, the price of Bitcoin slid to a…
Libra Hearing Fails to Assuage Senior Lawmakers’ Concerns
Following testimony before the United States House of Representatives Financial Services Committee earlier today, lawmakers are still concerned about the possible launch of the Libra stablecoin.On Oct. 23, legislators heard statements from Facebook CEO Mark Zuckerberg and posed questions covering a variety of topics from Libra to Facebook's data policies and reaction to possible foreign influences on…
3 key metrics suggest Bitcoin and the wider crypto market have further to fall
The total crypto market capitalization has fluctuated in a 17% range in the $840 billion to $980 billion zone for the past 28 days. The price movement is relatively tight considering the extreme uncertainties surrounding the recent market sell-off catalysts and the controversy surrounding Three Arrows Capital.Total crypto market cap, USD billion. Source: TradingViewFrom July…