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Bitcoin
AI Chatbots Weigh In: Is Bitcoin Poised to Become a Global Reserve Currency?
While some people believe that bitcoin (BTC) could become a global reserve asset, others are skeptical. Rather than relying on human subjective valuations and biases, we conducted an experiment to let artificial intelligence (AI) determine…
Judge Upholds Confidentiality of FTX Customers’ Identities, Citing Security Concerns
In the FTX bankruptcy case, the presiding judge John Dorsey has ruled to maintain the confidentiality of individual customer identities, according to a recent decision on Friday. Dorsey emphasized the importance of safeguarding these…
Smart Contract Tokens and Defi Sector Suffer Steep Losses, Threatening TVL to Fall Below $40 Billion
The overall value of the crypto economy has dropped by more than 5% against the US dollar in the past 24 hours, with the top smart contract token sector losing more than 8% in the same time frame. The downturn has also affected the…
Biggest Movers: ADA, MATIC Plunge by Nearly 25%, Following Robinhood Delisting
Cardano fell by over 25% on Saturday, as traders continued to react to the token being delisted from the Robinhood platform. The global cryptocurrency market cap is currently down by nearly 6%, following these developments. Polygon, which…
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $26,000, as Traders Digest SEC’s Crypto…
Bitcoin moved below the $26,000 level to start the weekend, as bearish pressure intensified following a week of turbulence. Sentiment in the market once again shifted, as traders liquidated their positions on the back of the U.S. Securities…
Singapore’s Crypto.com to Halt US Institutional Division Citing ‘Limited Demand’
Singapore-based cryptocurrency exchange Crypto.com announced that it intends to halt services for institutional traders in the United States on June 21, 2023. The exchange cited “limited demand” as the reason for suspending its…
UK Bans ‘Refer a Friend’ Bonuses With Tougher Crypto Marketing Rules
Businesses marketing crypto assets to U.K. consumers will have to abide by stricter advertising rules presented by the country’s financial watchdog. These include prohibiting ‘refer a friend’ bonuses for the industry as well as introducing…
Binance US Halts USD Deposits, Withdrawals — Asks Users to Withdraw Dollars by June 13
Binance US has informed its users that U.S. dollar deposits have been suspended and USD withdrawals will no longer be processed. The crypto exchange has asked customers to withdraw dollars by June 13 as it transitions into a crypto-only…
Bitmex Group CEO: US Crypto Crackdown May Drive Top Talent to ‘Markets With More Regulatory…
Unlike in the United States where authorities are cracking down on the crypto industry, the regulations governing the industry are “more clearly defined and commercially viable in markets like Hong Kong, Singapore, and the UAE,”…
Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition
In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral…