European Govts investigate social media platforms over misleading crypto advertising.
Meta Platforms’ Instagram, Alphabet’s YouTube, TikTok, and Elon Musk’s Twitter may face regulatory action as the European consumer group BEUC has lodged a complaint with the European Commission, highlighting the…
Australia’s Largest Bank to Temporarily Cease ‘Certain’ Payments to Crypto Exchanges
The CBA’s move is a significant turnaround for the bank, as it was planning to enable crypto trading on its banking app.Commonwealth Bank of Australia (CBA), the largest bank in…
Mark Zuckerberg’s not bothered about Apple Vision Pro launch and Apple competition.
Meta Quest is fostering virtual communities.Vision Pro by Apple embracing solitary immersion.Meta strives to maintain its pioneering position in virtual reality (VR). The release of Vision Pro has sparked speculations…
Coinbase’s Credit Rating Fell From Stable to Negative – Moody
Moody’s explained the cut on June 8 by saying it was worried about the SEC action. Some investors may choose to minimize their exposure to COIN’s platform amid litigation.Coinbase’s credit…
US Government Rejects Bittrex’s Customer-Repayment Proposal.
The hearing on Bittrex’s plan to enable withdrawals is slated for June 14.Bittrex’s attempt to return customer funds has met with a significant roadblock from the United States, sparking concerns…
Banks Are Abandoning Binance.US Due to Legal Battle with SEC.
Bankers, who had already been spooked by the Silvergate and Signature fiascos, have started to distance themselves from the potential fallout.Following Monday’s announcement of lawsuits against Coinbase and Binance, firms…
Gensler Points Crypto As Scammers, Hucksters & Fraudsters.
Gary Gensler appeared in a speech saying crypto is full of fraudsters. In the end, he finally looks at the safety of crypto investors, he said.On Thursday, Gary Gensler, the…
Binance (US) Pause USD Deposits Amid SEC Pressure
SEC ordered Binance.US to freeze assets on June 6.Binance.US cut off USD deposits and raises concern over the coming fiat withdrawal pause.Binance.US, one of the leading cryptocurrency exchanges in the…
Unknown Bitcoin Whale Moves $57 Million Worth Bitcoins to Coinbase
Crypto whale transfers to Coinbase and Binance spiked amid the SEC crackdown.Whales’ moves often spark discussions on market manipulation.A sizeable transaction of 2,150 Bitcoin (BTC) worth approximately $57,055,404 has been…
Cathie Wood Purchased $15 Million Worth of Jack Dorsey’s Shares
Cathie thinks that Coinbase will gain from Binance’s regulatory problems. A day after purchasing over $21 million in Coinbase (COIN) shares, Cathie Wood’s Ark Invest acquired millions in shares of…