Business

Ripple CEO criticizes SEC for ‘contradictions’ on crypto regulations

[ad_1] Brad Garlinghouse, the chief executive officer of Ripple Labs, has claimed the United States Securities and Exchange Commission, or SEC, has inconsistently imposed regulations on crypto firms in the country. Speaking to Wired editor-in-chief at the Collision conference in Toronto on Thursday, Garlinghouse pointed to Ripple’s current legal battle with the SEC, in which the federal regulator has alleged the company’s executives conducted an "unregistered, ongoing digital asset securities offering"
BLOCKCHAIN

Apecoin Lost Around $2.5 Billion in Its Market Cap in May as Fear About Fading Investor Appetite Emerges

[ad_1] ApeCoin, one of the fastest rising coins in the crypto space, was one of the cryptocurrencies that was heavily impacted by the crypto disaster that rocked the market in May. Although the coin’s price showed robust performance in these turbulent market conditions, its market cap was affected. The coin now trades at $4.25 with a 4.1% increase in the last seven days, selling below its new swing high of
ALTCOIN

Polygon Price Rises by 60% In Four Days After Massive Matic Accumulation

[ad_1] After weeks of bearish run, Polygon (MATIC) witnessed one of the sharpest rebounds in the cryptocurrency market this week. MATIC'S price notably rose to $0.50 on June 23, four days after the coin hit its lowest level since April 2021. This rapid gain of about 60% is a performance that beat the resurgence of even Bitcoin (BTC) and Ethereum (ETH) in the same timeframe. Although MATIC is still far
Business

Buy Bitcoin or start mining? HashWorks CEO points to ‘attractive investment yield’ in BTC mining

[ad_1] Recently, bad news has abounded, and the resulting fear is real. DeFi is looking dead, altcoins completed their lifecycle by returning back to $0 (I guess that’s a joke), and Bitcoin’s (BTC) price fell lower than even the smartest brains in the room expected. A unifying theme of the most recent bull market appears to have been greed. Everyone got too confident and too greedy, and it shows by the
Bitcoin News

Binance’s CZ Says Crypto Price Fluctuations Normal as Industry Is Still Growing

[ad_1] Changpeng Zhao, the CEO of the popular crypto exchange Binance, has said it might take Bitcoin some months to a couple of years to get back to the all-time-highs previously reached by the coin. ChangPeng told Guardian ePaper, a UK-based news outlet, that he believes if investors in 2018 were told that Bitcoin would be $20k in 2022, they would have been very happy. However, he admitted that the current $20k
Business

Uphold withdraws with Venezuela, citing US sanctions

[ad_1] Crypto trading platform Uphold said it will be withdrawing support for users in Venezuela due to sanctions imposed by the United States government.In a Thursday announcement, Uphold said “owing to the increasing complexity of complying with U.S. sanctions” the platform would “very reluctantly” be moving out of Venezuela. The platform advised users to withdraw their funds as soon as possible, noting it would halt trading for Venezuela-based clients on
BLOCKCHAIN

Coinbase to track off-exchange transactions from Dutch customers

[ad_1] In a new blog post published Thursday, Coinbase says that starting June 27, all of its customers in the Netherlands will need to complete new know-your-customer, or KYC, requirements when transferring digital assets to wallet addresses that are not based on the exchange. This includes providing the recipient's full name, the purpose of transfer, and the recipient's complete residential address. Transfers between Coinbase accounts are not affected by the
Business

The community-centered approach to Web3 — Aave founder and CEO

[ad_1] Aave (AAVE) founder and CEO Stani Kulechov said the firm was continuing to develop its decentralized social media platform, with Web3 potentially changing the way many view ownership.Speaking to Cointelegraph at the Collision conference in Toronto on Thursday, Kulechov said Web3 — a buzzword often thrown around, which generally describes the next evolution of an internet based on blockchain technology — could impact how people use social media in much