Bitcoin moved below $27,000 during Tuesday’s session, as the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance. The suit claims that Binance knowingly offered unregistered crypto products to U.S. customers. Ethereum was also lower on the news, briefly falling below $1,700. Bitcoin Bitcoin (BTC) fell below $27,000 in today’s session, as markets reacted to the news that the CFTC had filed a lawsuit against Binance. BTC/USD fell to an intraday low of $26,606.69 on the news, which comes a day after trading at a peak of $27,979.07.…
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China to upgrade national blockchain standards by 2025
The Chinese government has been proactively pursuing advancements in its blockchain sector and now aims to upgrade its industry development standards by the year 2025. The Chinese government has been proactively pursuing advancements in its blockchain sector and now aims to upgrade its industry development standards by the year 2025. Cointelegraph.com NewsRead More
Read MoreNational Exchanges Reportedly Pause Operations in Venezuela, as Attorney General Confirms Crypto Watchdog Sunacrip Involvement in Oil Sale Schemes
National cryptocurrency exchanges have paused their activities in Venezuela according to reports, as the anti-corruption probe on national crypto watchdog Sunacrip and unlawful oil sales continues in the country. Tarek William Saab, attorney general, confirmed the involvement of the institution in a parallel scheme that involved the sale of Venezuelan oil to third parties, mentioning Sunacrip as part of the criminal structure. National Exchanges Pause Operations in Venezuela The “Crypto-PDVSA” anti-corruption probe, named after the state-owned oil company, is still investigating the involvement of Sunacrip, the Venezuelan crypto watchdog, in…
Read MoreZero-knowledge proofs coming to Bitcoin, overhauling network state validation
Zero-knowledge proofs have powered the development of Ethereum layer 2s, and now they’re coming to Bitcoin. Zero-knowledge proofs have powered the development of Ethereum layer 2s, and now they’re coming to Bitcoin. Cointelegraph.com NewsRead More
Read MoreHere’s why CFTC suing Binance is a bigger deal than an SEC enforcement
Market observers pointed out that CFTC goes after the bigger fish, and its regulatory action often proves fatal for the crypto companies. Market observers pointed out that CFTC goes after the bigger fish, and its regulatory action often proves fatal for the crypto companies. Cointelegraph.com NewsRead More
Read MoreSBF banned from using online messengers under new bail agreement
The U.S. prosecutors reportedly agreed to allow Sam Bankman-Fried to stay home while restricting using some electronic devices and apps. The U.S. prosecutors reportedly agreed to allow Sam Bankman-Fried to stay home while restricting using some electronic devices and apps. Cointelegraph.com NewsRead More
Read MorebZX DAO class-action ruling: Dev with upgrade key makes platform custodial
Delphi Labs general counsel Gabriel Shapiro tweeted that the ruling can also be potentially applied to developers with multisigs. Delphi Labs general counsel Gabriel Shapiro tweeted that the ruling can also be potentially applied to developers with multisigs. Cointelegraph.com NewsRead More
Read MoreSteve Hanke Blasts Bitcoin: It Is ‘Not a Currency’ and Has a ‘Fundamental Value of Zero’
Steve Hanke, professor of applied economics at Johns Hopkins University, has criticized bitcoin, stating it is not a currency. The economist, known for his vocal opinions about crypto and for the promotion of dollarization initiatives in Latam, blasted bitcoin, saying it has a “fundamental value of zero,” and that it is a “highly speculative asset.” Steve Hanke Criticizes Bitcoin’s Function and Value Steve Hanke, professor of applied economics at Johns Hopkins, has criticized bitcoin and its value in one of his latest tweets. The economist, known to be very vocal…
Read MoreBitcoin price retains $27K, but forecast says ‘correction is incoming’
BTC price action repeatedly tests the mettle of $27,000 support, with Bitcoin analysis differing over what comes next. BTC price action repeatedly tests the mettle of $27,000 support, with Bitcoin analysis differing over what comes next. Cointelegraph.com NewsRead More
Read MoreHow does the monetary supply affect cryptocurrencies?
Cointelegraph analyst and writer Marcel Pechman explains how the monetary supply affects cryptocurrencies. Cointelegraph analyst and writer Marcel Pechman explains how the monetary supply affects cryptocurrencies. Cointelegraph.com NewsRead More
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