A U.S. federal judge on Tuesday rejected SEC’s request to order a freeze on Binance.US’ assets – provided the parties could agree on limits. Source
Binance.US, SEC Ordered to Start Negotiations Wednesday Amid Asset Freeze Tussle
Day: June 14, 2023
Binance’s Cyprus Unit Under Examination for Deregistration as Crypto Service Provider
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Crypto Exchange Binance Seeks to Withdraw Cyprus’ Unit Crypto Service Registration
“We are working hard to prepare our business to be fully compliant with MiCA when it is implemented in the next 18 months,” a Binance spokesperson said in an email to CoinDesk. “To that end, we have made the decision to pull back efforts in Cyprus to focus on our efforts on fewer regulated entities in the EU.” Source
Mistral AI Completes $113M Seed Funding Round, Set to Take AI Space by Storm
By the company’s estimates, its first models for text-based generative AI will be released by 2024. Four-week-old artificial intelligence (AI) startup, Mistral AI, has raised $113 million in seed funding. The round was led by Lightspeed Venture Partners and saw participation from JCDecaux Holding, Motier Ventures, and Rodolphe Saadé in France. International VCs such as Exor Ventures from Italy, Belgium’s Sofina, and many others also partook in the round. The seed round has now brought the valuation of the Paris-based firm to $260 million, positioning itself as a rival to…
Ethereum Remains Unaffected by AWS Outage that Affects Burger King, McDonald’s, and Taco Bell
An AWS outage shut down several apps and disrupted services, but did not disturb Ethereum despite hosting more than 64% of nodes. Although Amazon Web Services (AWS) had a minor outage on Tuesday, where it was temporarily unavailable, Ethereum remained unaffected. The temporary downtime did not affect Ethereum’s network nodes, which are mostly hosted on AWS. AWS first revealed at 12:08 PDT that it started an investigation into increased error rates and latencies it had noticed. The company then provided 10 more status updates, with the last one confirming that its struggles…
Bitcoin stays flat at $26K after PPL data as markets await Fed’s Powell
Bitcoin (BTC) stuck to $26,000 on June 14 as fresh United States macroeconomic data prints failed to move cryptocurrency markets. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView PPI offers Bitcoin bulls little fuel Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying stubborn as Producer Price Index (PPI) data showed U.S. inflation continuing to slow. US PPI just came in: -0.3% vs 0.2% previously-0.1% was predicted Just like yesterday, was lower than the predictions, furthering the likelihood of a pause at tomorrows #FOMC meeting. https://t.co/SymSTWwHSS — Decentrader (@decentrader)…
Bitcoin stays flat at $26K after PPL data as markets await Fed’s Powell
Bitcoin (BTC) stuck to $26,000 on June 14 as fresh United States macroeconomic data prints failed to move cryptocurrency markets. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView PPI offers Bitcoin bulls little fuel Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying stubborn as Producer Price Index (PPI) data showed U.S. inflation continuing to slow. US PPI just came in: -0.3% vs 0.2% previously-0.1% was predicted Just like yesterday, was lower than the predictions, furthering the likelihood of a pause at tomorrows #FOMC meeting. https://t.co/SymSTWwHSS — Decentrader (@decentrader)…
How MiCA can make Europe a digital asset hub
The European Union signed the Markets in Crypto-Assets (MiCA) regulations into law on May 31, making way for the landmark regulatory guidance on crypto assets and service providers to come into effect. First drafted in 2020, the EU’s regulatory package will govern the issuance and scope of services related to the cryptocurrency market. The European Parliament passed the MiCA regulations on April 20, and the bill was subsequently sent to the European Council for approval. On May 31, European Parliament President Roberta Metsola, and Swedish Rural Affairs Minister Peter Kullgren,…
Bitcoin ‘far larger’ than Binance or Coinbase, says Jan3 CEO: BTC Prague 2023
Amid the panic over lawsuits against major cryptocurrency exchanges, one Bitcoin (BTC) advocate argued that the BTC market is much bigger than the one tracked by exchanges. The total Bitcoin market is not limited to Binance, Coinbase or any other crypto exchange, Jan3 CEO Samson Mow told Cointelegraph at the BTC Prague 2023 conference on June 9. “Whereas I think for Bitcoin, it’s much harder to quantify how much of the market it is. It’s because a lot of Bitcoin trades are block trades,” Mow said. In mentioning Bitcoin block…
MicroStrategy’s Michael Saylor gives audacious forecast for bitcoin
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The atmosphere is charged in the US crypto arena, heightened by SEC Chair Gary Gensler’s seeming determination to rein in crypto businesses. MicroStrategy Inc’s co-founder and executive chairman Michael Saylor recently spoke to Bloomberg, commenting on this dynamic while painting an optimistic future for bitcoin. Since 2020, MicroStrategy has posited bitcoin (BTC) as the singular institutional-grade, investable asset in the crypto space. This globally recognized and acknowledged digital commodity has dwarfed other crypto contenders from Saylor’s…