Tag: cointelegraph

Jun 30
BREAKING: Grayscale launches legal challenge to Bitcoin spot ETF rejection

Grayscale CEO Michael Sonnenshein on Wednesday said they were “deeply disappointed” and “vehemently disagree” with the SEC’s decision to deny their application. 1509 Total views 24 Total shares Grayscale Investments has launched a legal challenge against the Securities and Exchange Commission (SEC) after being denied its application to convert its Grayscale Bitcoin Trust (GBTC) into […]

Jun 30
EU officials reach agreement on AML authority for supervising crypto firms

“We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun. 1392 Total views 39 Total shares The European Council has reached an agreement to form an anti-money laundering body that will have the authority to supervise certain crypto […]

Jun 29
MakerDAO looks to invest $500M into ‘minimal risk’ treasuries and bonds

MakerDAO is currently voting on a proposal aimed at helping it weather the bear market and utilize untapped reserves by investing 500 million Dai (DAI) stablecoins into a combination of United States treasuries and bonds. Following a straw poll in a governance Signal Request, the decentralized autonomous organization (DAO) members now must decide whether the […]

Jun 29
Bear market will last until crypto apps are actually useful: Mark Cuban

The billionaire investor said a bigger focus on applications and utility outside of finance would bring more back to the crypto space and possibly reverse the declining market. 5782 Total views 83 Total shares Mark Cuban, the billionaire entrepreneur known for his role as one of the main investors on the reality television show Shark […]

Jun 29
Trader puts faith in crypto despite the failed first investment

Despite his initial losses in trading, JC Enriquez still strongly believes that crypto will bring him more profit in the years to come. 1560 Total views 32 Total shares From the highs of feeling like a total genius to the lows of downward price movements, crypto investing has taken Dubai-based trader JC Enriquez on a […]

Jun 29
Bitcoin price limps under $20K as Asia extends global stocks weakness

No let-up in risk assets means Bitcoin faces more selling pressure, but hope remains that a key moving average could soon see a challenge. 2241 Total views 12 Total shares Bitcoin (BTC) returned under $20,000 on June 29 as analysts stayed hopeful of a trip higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders looks […]

Jun 29
Surprise twist as BlockFi receives Money Services License in Iowa

Despite a significant fine from Iowa’s regulator just two weeks earlier, BlockFi has scored itself a license in the state. Source: Cointelegraph

Jun 29
Regulatory uncertainty creates rash of ‘novel’ lawsuits: Legal experts

“Litigation and enforcement activity is likely to accelerate in the current regulatory climate, perhaps in unpredictable ways,” says lawyers from Choate Hall & Stewart LLP. 1101 Total views 4 Total shares Regulatory uncertainty surrounding crypto has created a “fertile environment” for crypto-related litigation and enforcement to grow, according to lawyers from Choate Hall & Stewart […]

Jun 29
75% of Marathon’s mining fleet still offline two weeks after huge storm

Marathon’s CEO Fred Thiel said that it will take time to get the facility back to full strength, but that the company could decide to speed up its move out of H… Source: Cointelegraph

Jun 28
Unizen ‘CeDeFi’ smart exchange secures $200M investment from GEM

The alternative investment group is banking on the “CeDeFi exchange” to shape the “future of finance” with a commitment that will bolster Unizen’s ecosystem. 2409 Total views 47 Total shares Cryptocurrency exchange Unizen has scored a $200 million investment from private equity group Global Emerging Markets (GEM), which it will use to expand its business […]