Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News

2024-03-04 11:15:00 Trading certain crypto assets on secondary markets are securities transactions, US court rules

A court in the United States has ruled that the trading of certain crypto assets on secondary markets, such as crypto exchanges, are securities transactions — a position in opposition to that taken by Coinbase and the wider crypto industry. The ruling comes in an insider-trading case against former Coinbase product manager Ishan Wahi, brother Nikhil Wahi and friend Sameer Ramani.

Source

More Crypto News Open / Comment

2024-03-03 23:02:14 Binance CEO Richard Teng asked to appear before Nigerian committee

Binance is in hot water in Nigeria in the aftermath of its settlement with the U.S. Department of Justice (DOJ). Nigeria’s House of Representatives Committee on Financial Crimes issued an ultimatum to Binance CEO Richard Teng on Friday, according to a local news report. Ginger Onwusibe, the chairman of the committee, has asked Teng to appear before the committee by March 4. The summons was issued over its alleged involvement in financial crimes, including money laundering and terrorism financing.

Source

More Crypto News Open / Comment

2024-03-03 13:32:02 Galaxy Digital Sees 'Tremendous Global Demand for Bitcoin' — CEO Says 'There's a New Army of Buyers'

Galaxy Digital CEO Mike Novogratz sees “a tremendous global demand for bitcoin,” emphasizing: “This is probably the first time in the history of bitcoin that we have true price discovery.” Noting that there is “a new army of buyers” and there is also “an army of salespeople,” he expects the price of bitcoin to be “much higher.”

Source

More Crypto News Open / Comment

2024-03-02 23:10:31 Judge grants SEC’s deadline extension on Ripple case

Judge Analisa Torres has approved a request from the Securities and Exchange Commission (SEC) to extend the deadline for filing a submission that could lead Ripple Labs’ case to an end. Court documents filed on March 1 granted the SEC an extension to file its remedies-related discovery materials submitted by Ripple. The extension allows the regulator to file its opening brief until March 22. The deadline for Ripple's opposition brief has also been extended to April 22, and the new deadline for the SEC to file a reply would be May 6, 2024.

Source

More Crypto News Open / Comment

2024-03-01 19:50:28 BlackRock’s Bitcoin ETF sees massive inflow while Grayscale faces second largest outflow

Data from BitMEX suggests that BlackRock’s IBIT had another remarkable day for the Bitcoin ETFs. It witnessed the second-largest inflow since trading started, with $604 million coming under management, equivalent to roughly 10,000 BTC. This dramatic influx escalated the cumulative total of inflows for IBIT to an impressive $7.8 billion. As a result, BlackRock’s total Bitcoin holdings have surged to 161,378 BTC.

Source

More Crypto News Open / Comment

2024-02-29 20:35:00 Coinbase stock hits multi-month highs despite platform glitch as trading volume surges

Coinbase’s stock hit multi-month highs yesterday despite heavy web traffic causing a glitch on the crypto exchange as trading volume surged. Coinbase shares gained just 1% on Wednesday, but that was enough to close above the $200 mark for the first time since January 2022, according to TradingView. COIN traded for $200.80 by market close on Wednesday, up 58% over the past month.

Source

More Crypto News Open / Comment

2024-02-29 11:40:21 Binance drops Nigerian naira from P2P platform amid forex manipulation concerns

Crypto exchange Binance has removed Nigeria’s fiat currency, Naira, from the national currencies it supports on its peer-to-peer platform, according to CryptoSlate sources. Meanwhile, the Financial Times reported that two Binance executives have been detained in the country, with their passports seized. The Binance employees had traveled to Nigeria to resolve the country’s ban on crypto exchange websites.

Source

More Crypto News Open / Comment

2024-02-28 23:55:00 The Bitcoin all-time high in an inflation-adjusted world is $77,000

The inflationary scenario the economy has been grappling with since 2021 has prompted a fresh look at Bitcoin’s performance. The true gravity of inflation’s impact on the digital asset market can be seen when adjusting Bitcoin’s all-time high of approximately $69,420 in November 2021 to a CPI inflation-adjusted figure. The calculation, based on CPI metrics, reveals a striking reality: for Bitcoin to truly reclaim its zenith, it would need to reach closer to a value of $77,000, according to data provided by the US Bureau of Labour Statistics.

Source

More Crypto News Open / Comment

2024-02-28 11:45:17 Justin Sun says he owns $1.6 billion of bitcoin with bizarre screenshot of HTX wallet

The always outspoken Justin Sun seems eager to convince the world that he does, in fact, use the HTX cryptocurrency exchange. On Tuesday, Sun took to X to share a screenshot of what he says is his HTX wallet which contains about 28,614 bitcoin, worth about $1.6 billion at current prices. Apparently, Sun posted the image in response to suggestions he did not use HTX frequently, despite serving as the company's global advisor.

Source

More Crypto News Open / Comment

2024-02-27 23:10:41 MicroStrategy Is a Timely Play on Bitcoin Halving; Initiate at Buy: Benchmark

MicroStrategy (MSTR) has a unique business model based on the acquisition and holding of bitcoin (BTC), which represents the majority of the software company’s valuation, investment banking firm Benchmark said in a Tuesday research report initiating coverage of the stock. Benchmark has a buy rating on the shares with a $990 price target. MicroStrategy added about 8% to $860.75 in early trading on Tuesday.

Source

More Crypto News Open / Comment