SEC Responds to Coinbase, Hinting at Regulatory Changes for Cryptocurrencies
The SEC has filed a response to the Third Circuit’s request regarding the ongoing dispute with Coinbase, according to Paul Grewal, Coinbase’s chief legal officer.
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Entrepreneur Warns of Obstacles to Hong Kong Becoming a Leading Crypto Center
Hong Kong’s digital assets regulations are favorable, but banking regulations may hinder industry growth and the recent Bitcoin rally following BlackRock’s iShares ETF filing was short-lived.
Bill Gates and President Xi Jinping Meet in Beijing
President Xi Jinping and Bill Gates, co-founder of Microsoft and co-chair of the Bill & Melinda Gates Foundation, met on Friday in Beijing, as reported by Chinese state media.
Breaking News: Bitcoin Whale Stirs Up Market with $1.2 Million Transfer After 13 Years
A Bitcoin whale transferred 50 BTC, worth over $1.2 million, that had been inactive for 13 years after being mined in 2010.
Binance US Affiliate Terminates Employees Amid Cryptocurrency Turmoil and SEC Charges
Following SEC accusations claiming violations of securities laws, the US-based Binance affiliate fired staff and froze dollar deposits and withdrawals, increasing the turbulence in the cryptocurrency sector.
AI Will Not Permanently Displace Jobs, Confirms Chief Scientist at Meta
Yann LeCun, Chief AI Scientist at Meta, expressed a different viewpoint from “other godfathers” such as Geoffrey Hinton and Yoshua Bengio, who have cautioned about the potential threat of AI to humans during a media event in Paris.
Crypto Trading Bot Borrows $200M for a Meager $3 Profit
A member of the community expressed admiration for the bot, stating that any profit is profit. Meanwhile, another member commented that this event serves as a testament to the severity of the bear market.
Crypto Lender Abra Accused of Insolvency and Fraud by Texas Securities Regulators
Texas securities regulators have issued an emergency cease-and-desist order against Abra, alleging that the crypto lender has been insolvent since March 31, 2023, and engaged in securities fraud, while misleading the public.
Investor Concerns Amplify as Coinbase Debt Instruments Continue to Trade at Reduced Values
It has been estimated by the cryptocurrency exchange that a sum of $45.5 million in cash will suffice to redeem the instruments.
Bitcoin’s Volatility Unleashed: Factors Behind the 10% Drop and What’s Next
Bitcoin experienced a decline of over 10% as the Federal Reserve declared its intention to discontinue its rate hike cycle, leading to significant disruption in financial markets.