Month: May 2023

Coinbase Launches TV Campaign in Washington DC to Educate Regulators Why America Needs Crypto

Coinbase shares edged 7.56 per cent higher on Monday to close the day trading at $61.07. The leading publicly traded crypto exchange by daily traded volume in the United States, Coinbase Global Inc (NASDAQ: COIN), has experienced astronomical growth in the past few years compared to the traditional banking sector. Moreover, four regional banks in the United States have collapsed this year, with most already absorbed by large banks. However, the United States government led by the Biden administration has pushed to regulate the cryptocurrency industry in a manner that…

Bitfinex Crypto Exchange Announces Listing of Pepe Meme Coin, PEPE Price Up 3.4% Today

Bitfinex joins a dozen of other centralized and decentralized exchanges that have supported Pepe meme coin through listings. Bitfinex, a veteran centralized cryptocurrency exchange established in 2012 with a 24-hour traded volume of about $67,175,170, has announced trading of a popular frog-themed meme coin Pepe (PEPE) will begin on May 24, 2023, at approximately 10 am UTC. The exchange began accepting PEPE deposits on May 22, with trading pairs announced in the United States dollar and Tether stablecoin (USDT). Following the announcement, the ERC-20 token gained as much as 6…

Philippines SEC Says Gemini’s Derivatives Exchange Is ‘Unregistered’

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The Philippines’ Securities and Exchange Commission (SEC) has issued a warning against the crypto derivatives platform launched last month by Winklevoss twins-controlled Gemini Trust. According to the regulatory notice published last week, the newly launched platform markets and offers derivatives products categorized as securities under local laws. Gemini did not seek any registration from the Philippines regulator to launch its platform there. “GEMINI TRUST COMPANY, LLC. is not registered with the Commission and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR authority to solicit, accept or take investments/placements from the public nor…

President Biden sets sights on crypto amidst US debt crisis

Unmasking the tensions between crypto traders, wealthy tax evaders, and a potential financial crisis, U.S. president Joe Biden took a firm stance against biased fiscal deals. In the contested U.S. budget negotiations, an unexpected asset has come under the spotlight: cryptocurrency.  Following a politically charged G7 meeting in Hiroshima, Japan, U.S. president Joe Biden fired a salvo against crypto traders and affluent tax cheats, refusing any agreement that could jeopardize food assistance for nearly a million Americans. BREAKING: President Joe Biden speaking on the final day of the G7 summit…

Exchange Token BGB Has Made 3,000% Since the Launch – New ATHs on the Horizon

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HodlX Guest Post  Submit Your Post   It pays to be early in crypto. But if you can’t be early, you can still make money from being late – provided you’re not the last one in the door. No one wants to exit liquidity for tokens that have pumped massively, making their early adopters wealthy while leaving laggards to fight over single percentage-point gains. Just like exchange tokens such as BNB and KCS, Bitget’s BGB has pulled four-figure profits for those with the luck or wisdom to buy early and ‘hodl’…

FBI issues alert on crypto labor trafficking

The Federal Bureau of Investigation (FBI) has issued a warning regarding the rise of labor trafficking connected to cryptocurrency scams.  In a recent report, the FBI highlights the trend of criminals exploiting false job advertisements to lure victims into Southeast Asia-based scam compounds, where they are forced to participate in fraudulent cryptocurrency investment operations. This emerging form of exploitation is a distressing blend of human trafficking and cryptocurrency fraud. New scams hit the marketplace According to the FBI, criminal actors specifically target individuals in Asia, using social media platforms and online employment…