Day: June 6, 2023

Coinbase (COIN) Shares Tumble 9% amid SEC’s Binance Securities Violation Allegations

The SEC filing against Binance had a significant impact not only on Coinbase but also on other linked entities and cryptocurrencies. Coinbase Global Inc (NASDAQ: COIN) witnessed a significant drop of 10.3% in its share value after the United States Securities and Exchange Commission (SEC) announced its decision to sue the trading platform’s biggest rival the Binance exchange. Following the news, Coinbase stock closed the trading day down by 9% Edward Moya, a senior market analyst at foreign exchange Oanda, eloquently captures the sentiment surrounding the recent decline in Coinbase…

Binance sees $778M net outflows on Ethereum blockchain amid SEC charges: Nansen

The SEC lawsuit against Binance on June 5, accusing the crypto exchange of violating various securities laws, had a direct impact on the crypto market as well as the balance sheet of the crypto exchange. According to data shared by crypto analytic firm Nansen, Binance saw a negative netflow of $778 million on the Ethereum blockchain, where $871 million worth of assets inflowed onto the exchange while $1.6 billion worth of assets went out of the exchange. Even in the first 24 hours following the SEC lawsuit, Ethereum-based tokens have…

5 YouTube channels for learning graphic design

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Learning graphic design is a valuable skill in today’s digital age. It involves creating visual content for various purposes, including advertising, branding, web design, and more. Whether you’re a beginner or looking to enhance your existing skills, YouTube can be a fantastic resource for learning graphic design. Here are five YouTube channels that offer excellent content for graphic design enthusiasts: Adobe Creative Cloud Adobe Creative Cloud shares tutorials, advice and ideas pertaining to its creative products and services on its official YouTube channel. One can find a variety of video…

Kraken faces issues with funding gateways, deposits and withdrawals affected

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kraken is experiencing delays in deposits and withdrawals due to issues with multiple crypto funding gateways such as bitcoin (BTC), ether (ETH), and ERC20. On June 6, Kraken announced that it is addressing an issue causing delays in deposits and withdrawals of several cryptocurrencies. The exchange has not disclosed the root cause of this problem. This announcement first appeared on the company’s status page at 7:44 am UTC, followed by two updates indicating that the team…

Bitcoin traders bet on $24K BTC price as market digests SEC vs. Binance

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Bitcoin (BTC) circled $25,800 on June 6 as the aftermath of fresh panic over largest exchange Binance lingered. BTC/USD 1-day candle chart on Bitstamp. Source: TradingView BTC price risks losing multi-month range Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it steadied after dropping to near three-month lows. The weakness came as part of a knee-jerk market reaction to news that United States regulators were suing Binance and its CEO, Changpeng Zhao, also known as CZ, over “a variety of securities law violations.” “Through thirteen charges, we allege…

Kraken experiencing gateway issues — withdrawals, deposits delayed

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Update: Kraken says it has implemented a fix and is currently monitoring the results. Cryptocurrency exchange Kraken says it is currently investigating an issue with several crypto funding gateways, including major ones such as Bitcoin (BTC), Ether (ETH) and ERC-20.  On June 6, Kraken’s status page said, “Deposits and withdrawals are currently delayed. We will provide any updates as soon as possible.” The first notice was posted around 7:44 am UTC, followed by two updates saying it continues to “work on a fix” for the issue. The status page did not…

Intel (INTC) Shares Down 4.6% after Apple Announces Full Transition to In-House Chips on Mac Pro

Shares of Intel reacted poorly to the news that Apple will no longer need Intel chips and has fully transitioned to its own silicon. Intel Corporation (NASDAQ: INTC) shares fell following Apple’s (NASDAQ: AAPL) announcement that its new Mac Pro will use M2 Ultra, a new company-built chip. Apple said the M2 Ultra is three times faster than Apple’s fastest Mac Pro computer with an Intel chip. INTC fell nearly 5% on the day and closed at $29.86 Apple said the new Mac Pro will feature up to 192GB and…

Apple Officially Launches Vision Pro Mixed-Reality Headset, Available in Early 2024

The Apple Vision Pro headset comes with a wide array of features including 4K screens and Spatial Audio, and will first launch in the US. At the Monday Worldwide Developer Conference (WWDC), Apple Inc (NASDAQ: AAPL) officially announced its mixed reality Vision Pro headset priced at $3,499. The announcement is the tech giant’s first major product in nine years since the Apple Watch launched in 2014. Apple’s Vision Pro will offer users a new way to experience surrounding spaces and also use existing apps. Anyone can watch movies, play video…