In brief: Bitcoin has failed to rally as the Dow and S&P 500 keep dipping amidst fears of the global economic impact of the Coronavirus. Bitcoin has never been tested by a full-blown recession. It was launched after the 2008 financial crisis. BTC’s biggest test will be the forecasted recession...
The UK House of Commons Treasury Committee has published a report compelling the government to regulate trading of unbacked crypto as gambling rather than financial activity.
Libra May Sign on Banks… On Monday, the Libra Association — the somewhat decentralized body governing the Libra blockchain and crypto asset — finally ratified its charter. In a press release published on Monday night, the Libra Association confirmed the 21 member companies — seven less than the initial 28 mentioned...
The founders of the Friendsies NFT collection have pulled the rug. The rug pull comes less than a year after the project raised $5 million at an auction hosted by Christie’s on OpenSea.
Binance will suspend USD bank transfers starting 8 February, 2023. The suspension is expected to last for 2 weeks while the exchange secures a new banking partner.
BlackRock CEO Larry Fink, who previously described Bitcoin as a money laundering tool, has turned pro-Bitcoin. Fink stated in a recent interview that Bitcoin is an international asset that his asset management firm would like to democratize.
Seattle based Bittrex Inc has filed for Chapter 11 bankruptcy in Delaware. The Treasury Department's OFAC is listed as the crypto exchange's largest non-insider creditor.
Binance CEO Changpeng Zhao will stay committed to his financial offer backing Musk’s Twitter buyout deal. Binance had earlier announced it would commit $500 million to Musk’s Twitter bid offer. Per a Bloomberg report, Binance’s CEO, Changpeng Zhao, has stated that he will continue to back Musk’s $44 billion Twitter...
Crypto lender platform Hodlnaut has laid off 80% of its staff In a blog post published Friday, the firm added how the decision to lay off employees has been taken to reduce the firm’s expenditure. Troubled crypto lender platform Hodlnaut has laid off 80% of its staff to reduce the...
Responding to the lawsuit filed by the SEC against Coinbase, CEO Brian Armstrong has stated that his firm is proud to represent the industry in court in pursuit of clarity surrounding rules for the crypto.
