FINTRAC reported that Binance facilitated 5,902 separate transactions of $10,000 or more in crypto from June 2021 to July 2023 and failed to register with the regulator.
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Vlad Tenev, CEO and co-founder of Robinhood, recently highlighted a 224% surge in crypto trading within the first quarter during a CNBC interview. However, progress has stalled with the SEC, as 16 discussions failed to establish a regulatory pathway for cryptocurrency trading.
Expressing strong convictions about the necessity for crypto accessibility, Tenev criticized the SEC’s slow adaptation to crypto regulations, labeling it as “regulation by enforcement.” He argued that this approach not only affects Robinhood but also limits American investors eager to explore cryptocurrency markets.
Amidst these regulatory challenges, Tenev underscored his commitment to advocating for customer access to cryptocurrencies. As the importance of digital assets grows, ensuring that Americans can participate in this evolving market is crucial, especially in light of the Wells Notice from the SEC, which signals potential enforcement actions against Robinhood for alleged securities violations.
The attacker who pulled off a $68 million address poisoning scam has posted two messages agreeing to negotiate with the victim.
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President Joe Biden has promised to back Securities and Exchange Commission Chairman Gary Gensler after a resolution to overturn an agency accounting practice advanced out of the House Wednesday evening.
The House on Wednesday approved joint resolution 109 — which would invalidate the SEC’s Staff Accounting Bulletin (SAB) 121 — in a 228-182 vote. The measure now moves on to the Senate, but Biden’s administration warned it would veto the resolution if it makes it to the president’s desk.
“Limiting the SEC’s ability to maintain a comprehensive and effective financial regulatory framework for crypto assets would introduce substantial financial instability and market…
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Bitcoin price data makes a strong argument for why the current price range is a buy-the-dip opportunity.
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Welcome to Lightspeed, the newest addition to the Blockworks Newsletter suite. We are Solana news, analysis and culture, all the time. If that sounds like you, we’re psyched to have you on board. Let’s get into it!
Most traders are unlikely to strike it rich off of memecoins, but it won’t be for a lack of trying.
In the past 24 hours, the memecoin trading platform Pump.fun has brought in around $500,000 in revenue, per DeFiLlama. For context, that’s nearly double Ethereum’s dominant decentralized exchange, Uniswap, and the second highest for protocols writ large — trailing only Ethereum.
Pump.fun lets so-called developers launch tokens without seed liquidity for…
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Crypto traders express optimism about Pepe PEPE/USD despite a recent pullback, with some anticipating a powerful move towards all-time high levels.
What Happened: Cold Blooded Shiller described Pepe as one of the strongest markets on the high time frame (HTF) and plans to hold the current flip, eyeing a challenge to the ATH zone. He sees “Some very good levels for fresh set ups along the way as well.”
Davie Satoshi reiterated the bigger inverse head and shoulder pattern on the PEPE chart, suggesting a potentially powerful move if it follows through.
Also Read: Dogecoin Is ‘Primed For Higher’ But Pepe Is ‘On A Moon Mission,’ Exclaims Trader
Why It Matters: IntoTheBlock data shows…
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Canaan Inc., a pioneer in ASIC high-performance computing chips since 2013, has announced the launch of its latest bitcoin mining machine, the Avalon A15 series model A1566. This new model boasts impressive energy efficiency, with an 18.5J/T ratio, powered by a 185T hashing capability and 3420W power consumption. The release marks a significant step in Canaan’s ongoing commitment to leading technological advancements in the blockchain sector.
The company highlights that this series is the result of intensified efforts in product development and market research, as well as strengthened collaborations with key partners. According to Canaan, these enhancements are crucial in maintaining high performance and resilience in mining solutions, especially significant in the challenging post-halving era.
Canaan asserts that the Avalon A15 series will notably increase profitability for users, thereby reinforcing the company’s dedication to fostering innovation within the blockchain industry. This development is expected to have a positive impact on the cryptocurrency mining community, encouraging more efficient and profitable mining operations.
BIGCAP COINS:
- Pepe: Market Cap of $3.5 Billion.
- Bitcoin: Market Cap of $1.2 Trillion.
- Render: Market Cap of $4.3 Billion.
MIDCAP COINS:
- Jupiter: Market Cap of $1.4 Billion.
- Playbux: Market Cap of $8.1 Million.
- Panda Swap: Market Cap of $8.2 Million.
RISING COINS:
- Grok: Market Cap of $79.1 Million.
- Apu Apustaja: Market Cap of $261 Million.
- Andy: Market Cap of $61.6 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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Best-selling sci-fi author David Brin says AIs could be made to police each other under threat of losing blockchain-based registration.
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