Venture capital firm Sequoia Capital announced an impending split that will see the company break into three distinct partnerships serving the United States, China, and Asian markets separately. The move, announced on June... Read more »
The U.S. House Committee on Agriculture heard testimony on June 6 regarding a draft discussion bill on cryptocurrency recently advanced by Republican lawmakers. Coinbase, Robinhood declare support Rep. Glenn Thompson, one lawmaker... Read more »
Key Takeaways The SEC has sued Binance and CZ for 13 charges of buying, selling and trading unregistered securities, commingling customers’ funds and more. This lawsuit follows in the footsteps of the... Read more »
On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and Bitcoin. Technicals show that altcoins are at a crucial turning point between a... Read more »
Binance CEO Changpeng Zhao (CZ) described the U.S. Security and Exchange Commission lawsuit against his firm as an attack on the entire crypto industry. On June 5, the SEC filed a lawsuit... Read more »
Bitcoin (BTC) circled $25,800 on June 6 as the aftermath of fresh panic over the largest exchange, Binance, lingered. BTC/USD 1-day candle chart on Bitstamp. Source: TradingView BTC price risks losing multimonth... Read more »
Key Takeaways Crypto Twitter has been sharing jokes about wETH being exploited or losing its peg. At least one media publication—Bloomberg—took the jokes at face value. Wrapped Ethereum does not have a... Read more »
Bitcoin’s price declined 5% in one hour on June 5 after the United States Securities and Exchange Commission (SEC) filed a lawsuit against Binance on allegations of violating federal securities laws. Even though... Read more »
A judge in Genesis’ bankruptcy case has extended the date by which the company must file a recovery plan, according to a June 5 filing. Genesis receives a plan extension Genesis is... Read more »
Key Takeaways The SEC has sued Binance and CZ for 13 charges of buying, selling and trading unregistered securities, commingling customers’ funds and more. This lawsuit follows in the footsteps of the... Read more »
