Crypto PR exec relishes skepticism around crypto marketing

Serotonin CEO Amanda Cassatt highlighted that marketing is a mechanism for perpetrating the fakery and the scams.

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Bitcoin Soars to 10-Week High Amid Trumps Call for Rate Cut Due to Strong US Jobs Report

Bitcoin Price Surges to 10-Week High as Trump Urges Rate Cut Following Strong US Jobs Report The price of Bitcoin has reached a 10-week high after a positive US jobs report, prompting President Trump to call for a rate cut by the Federal Reserve. Following the release of the US job data which beat expectations, [...]

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US Treasury Seeks to Sever Ties with Huione Due to Crypto Crime Connections

The US Treasury Department has taken action against a prominent Chinese fintech company, Huione, by revoking its access to the US banking system due to suspected ties to cryptocurrency money laundering activities. This move signifies the government’s commitment to combating financial crimes involving digital assets. Imposing sanctions on Huione demonstrates the US government’s determination to [...]

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Wintermute Expands Presence to New York City Due to Favorable US Crypto Regulations

Wintermute’s decision to establish a presence in New York stems from the company’s belief in the potential of the US cryptocurrency market, especially with recent regulatory improvements. Wintermute, a prominent market maker in the crypto space, recognizes the significance of the United States as a key player in the global digital asset industry. By setting [...]

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Bitcoin Miner Prices Expected to Drop Globally Due to Trump Tariffs, Predicts Mining Executive

The recent implementation of tariffs by the Trump administration has led to a significant drop in the prices of Bitcoin miners outside the United States. This price decrease is a direct result of the tariffs imposed on Chinese goods, which include mining hardware components. As a result, manufacturers are facing increased costs, which are being [...]

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ZKasino Scammer Loses $27 Million Due to Ethereum Price Plummet

A fraudster associated with the ZKasino scam has suffered a substantial financial loss amounting to $27 million following liquidation proceedings. The individual’s nefarious activities have caught up with them, resulting in severe consequences. This incident serves as a cautionary tale for those engaging in deceptive schemes within the cryptocurrency space. The repercussions of engaging in [...]

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Circle Weighing Delaying IPO Due to Economic Uncertainty Latest Report

Circle, a prominent player in the stablecoin industry, is considering putting a hold on its initial public offering (IPO) plans. The decision comes amidst regulatory uncertainty and increased scrutiny surrounding stablecoins, particularly Tether. Circle had initially announced its intentions to go public via a merger with a special purpose acquisition company (SPAC) in July 2021. [...]

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Bitcoin Decouples as Stocks Shed $3.5 Trillion Due to Trump Tariff War and Feds Warning of Rising Inflation

As Bitcoin remains uncorrelated, stocks take a hit amidst Trump’s tariff war and the Fed’s warning of potential higher inflation. In a volatile market, Bitcoin continues to prove its resilience and lack of dependence on traditional assets. The recent turmoil in the stock market, exacerbated by escalating trade tensions between the US and China, has [...]

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Crypto Stock Prices Drop as IPOs Postponed Due to Tariff Uncertainty

As cryptocurrency prices continue to decline, traditional stocks related to the crypto industry are also seeing a downward trend. Initial public offerings (IPOs) within the cryptocurrency sector are facing delays due to the ongoing tariff disputes. The fluctuating market conditions have created a sense of uncertainty among investors, leading to a drop in the value [...]

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Bybit closing NFT marketplace due to decreased trading activity

After experiencing regulatory pressures, the popular cryptocurrency exchange Bybit has decided to shut down its NFT marketplace. This move comes amidst increasing scrutiny and tightening regulations on the cryptocurrency industry as authorities worldwide seek to regulate digital assets more effectively. Bybit was prompted to close its NFT marketplace to ensure compliance with regulatory requirements and [...]

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Bitcoin at Risk of Closing Below $82K Weekly Due to Disappointing US BTC Reserve

Bitcoin faces the danger of dropping below $82,000, potentially disappointing those holding reserves of the cryptocurrency. This could lead to a decrease in value and impact the overall market sentiment. Traders and investors are closely monitoring the situation to make informed decisions regarding their Bitcoin holdings. There is growing concern among market participants about the [...]

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EU Regulator Calls for Full Coverage of Insurers Crypto Holdings Due to Volatility

The European Union regulatory body EIOPA has declared that when it comes to insurance companies holding cryptocurrencies as assets, a 100 percent stress factor should be applied. This indicates a high level of risk associated with these digital assets. The insurance industry has been cautioned against underestimating the potential risks posed by cryptocurrencies in their [...]

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DeFi Lender Nostra Halts Borrowing Due to Price Feed Error

The lending platform Nostra has recently encountered a significant issue with its price feed, impacting the service it provides to users. This disruption has raised concerns among borrowers and lenders utilizing the platform. The critical price feed problem has led to uncertainty and confusion regarding the accuracy of asset prices and the resulting loan-to-value ratios. [...]

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Bitcoin Experiences 30% Pullback Due to Rising Selling Pressure on Bitfinex

Bitcoin has experienced a 30% retracement due to selling pressure on the Bitfinex platform. This recent downturn in the price of Bitcoin has caused concern among investors and traders alike. The drop in price has been significant, leading to speculation about the future direction of the cryptocurrency market. Despite this setback, many experts remain bullish [...]

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Bitcoin Price on the Verge of Correcting to $72K Due to Decreasing Investor Confidence

Bitcoin hits bottom at $72k, crypto investor sentiment at a 3-year low Bitcoin has recently reached a low point, dipping to $72,000, causing concern among crypto investors and analysts. This drop has resulted in a significant decline in investor sentiment, reaching a three-year low. The cryptocurrency market has been experiencing increased volatility and uncertainty, with [...]

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Hong Kong’s Crypto Regulation Framework: How Hong Kong is Regulating Crypto Assets?

Hong Kong has decided to step up its game in the world of crypto assets and will be implementing regulations starting from June 1st. This is a significant development that will have an impact on token issuers, investors, and anyone who’s interested in the crypto industry. Now, let’s talk about why understanding the due diligence […]

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Temasek slashes compensation for execs responsible for its $275M FTX investment

Singapore investment firm Temasek Holdings has reduced compensation for the execs responsible for the firm’s investment into the now-defunct crypto exchange FTX.  Temasek was once the second-largest outside investor of FTX, with 7 million shares, according to Forbes. The firm however was forced to answer for its investment play after the exchange collapsed. According to [...]

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Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses

According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally risky,” federal bank regulators, with [...]

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FTX Seeks to Claw Back $700M in Lawsuit Over Alleged Funds Misappropriation and Influence-Building Scheme

According to a lawsuit filed this week with the U.S. Bankruptcy Court for the District of Delaware, FTX lawyers are seeking to claw back $700 million from K5 Global Technology, its subsidiaries, and the firm’s founders. The attorneys allege that the defendants received funds without undergoing any due diligence, and FTX did not obtain “equivalent [...]

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Silvergate CEO calls out 'short sellers' spreading misinformation

In the statement, Lane also took the opportunity to "set the record straight” about its investment relationship with FTX and the firm's “robust risk management approach.”

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