Crypto News in 60 Seconds
July 6, 2023
A Securities and Exchange Commission lawsuit is said to have caused a decline in Binance.US’s market share in the United States, whereas Coinbase saw an approximately 7% increase in June. According to reports, the federal financial regulators’ lawsuit caused Binance.US, a cryptocurrency exchange with headquarters in the United States, to witness a more than 20% […]
July 5, 2023
The Reserve Bank of India is presently in talks with at least 18 other nations regarding the potential for cross-border payments using its CBDC, the “digital rupee.” The CBDC looks forward to increasing the country’s capacity for international trade with countries, without U.S. dollar reserves. The Economic Times published an article on June 27 regarding […]
July 4, 2023
By implementing digital yuan payments on all of its bus lines, Jinan, the capital of eastern China’s Shandong Province, has begun promoting the adoption of the nation’s central bank digital currency (CBDC). The city evaluated the implementation of CBDC payments on two bus lines during its trial period and declared that it has adopted the […]
July 3, 2023
In its 11th burn round, Binance, the biggest cryptocurrency exchange in the world, burnt 2.65 billion Terra Classic (LUNC) tokens. Binance has already destroyed more than 35.5 billion LUNC tokens in total, and the community has burned more than 68 billion. The burn has been well received by investors as seen by the 3% price […]
June 27, 2023
The restriction comes only days after the House presented legislation to establish a government artificial intelligence panel. The United States House of Representatives has passed new regulations prohibiting members from using artificial intelligence (AI) big language models, with the exception of OpenAI’s ChatGPT Plus service. Chatbot has been banned for security reasons, according to a […]
June 26, 2023
The three popular crypto ETFs that are listed on the Hong Kong Stock Exchange seem to be accessible for trading at Hong Kong’s largest bank. Hong Kong and Shanghai Banking Corporation (HSBC) which is the city’s largest bank have introduced its first local cryptocurrency services. The local writer Colin Wu tweeted about the same stating that HSBC […]
June 22, 2023
The Netherlands has welcomed the launch of a new equity exchange-traded fund (ETF) that will provide investors with exposure to a basket of Bitcoin-related corporate equities. On June 22, the Bitcoin Equities ETF launched by French investment firm Melanion Capital began trading on the Euronext Amsterdam Stock Exchange, presenting an equities-based strategy for investing in […]
June 21, 2023
A group of United States lawmakers introduced a bill to establish a commission on the approach toward artificial intelligence. On June 20, a bipartisan group of United States lawmakers introduced a bill to establish a commission to study the country’s approach toward artificial intelligence (AI). The bill’s primary objective revolves around establishing regulations in the […]
June 20, 2023
According to TradingView statistics, Bitcoin dominance peaked at just over 50% on June 19 at 6 p.m. UTC and has subsequently fallen to 49.9% at the time of publishing. This indicates that Bitcoin alone accounts for half of the cryptocurrency’s overall market capitalization of $1.1 trillion. According to Coingecko statistics, the current market valuation of […]
June 19, 2023
According to a regional manager, Binance’s deregistration with the FCA had no practical consequence because it has never done business in the United Kingdom. Binance, the troubled cryptocurrency exchange, continues to withdraw from major regions in the face of mounting regulatory pressure worldwide. Binance Markets Limited (BML), Binance’s subsidiary in the United Kingdom, has formally […]
June 16, 2023
The Federal Reserve and the Securities and Exchange Commission (SEC) are currently investigating Goldman Sachs’ involvement in the purchase of Silicon Valley Bank’s securities portfolio prior to the bank’s collapse, according to The Wall Street Journal, citing sources familiar with the matter. According to the article, both agencies are looking into Goldman Sachs’ behavior during […]
June 15, 2023
Crypto exchange Binance announced the introduction of new subscription-based Bitcoin mining solutions. Users interested in Bitcoin mining but lacking the necessary equipment can subscribe to Binance’s cloud mining services and purchase hashrates beginning June 15. The hashrate is the amount of computing power necessary to confirm and legitimize Bitcoin transactions on the blockchain. Binance is […]
