“Digital asset sentiment remains poor as the U.S. Securities and Exchange Commission’s (SEC) enforcement actions create regulatory uncertainty, pressuring token prices,” analysts Alkesh Shah and Andrew Moss wrote, adding that “digital asset trading platforms are just one piece of the broader ecosystem.” Source
Following the suspension of the AI bot, the price of the BOB coin is down. As of the press time, BOB is trading at $0.0000194. The 24-hour trading volume of the coin has also plummeted by as much as 43.60%. Twitter Inc has suspended the account of an AI-powered bot named ‘Explain this Bob’ after Elon Musk claimed it was a ‘scam crypto account’. Musk alleged the bot to be a scam in a Tweet that was a response to the bot, and the account got suspended shortly after. But before the ‘Explain this Bob’…
At press time, more than 220,000 ether (ETH), or around $378.3 million, about 121 million USDC (a dollar-pegged stablecoin) and 14.43 million MUTE, worth $7.53 million, were locked on zkSync. MUTE is the native cryptocurrency of a zkRollup-based decentralized exchange, Mute. Source
The documents are likely to intensify the move among major cryptocurrencies to become more decentralized and look more like ether, the report said. Source
Coinbase chief of legal said that the Court should grant a mandamus since the SEC’s delay is severely impacting the industry. Crypto exchange Coinbase has been actively pursuing its case against the US Securities and Exchange Commission (SEC) to gain enough clarity on the regulatory rules for digital assets. The exchange recently blasted the federal securities regulator for failing to answer questions asked in the US Court of Appeals. In the June 17 letter filed in the court, lawyers representing Coinbase accused the SEC of offering “no straight answers” in…
CryptoX – Cryptocurrency Analysis and News Portal Data shows BOB prices quickly fell from $0.000031 to $0.000016 on Sunday as traders likely reacted to Twitter’s actions, reaching a market capitalization of $13 million. As such, the tokens have been in a nearly continuous slide since early May, when they reached a peak capitalization of $74 million. Source The post Prices of BOB Tanked 45% After Elon Musk Called its Bot a ‘Scam,’ Suspends Account appeared first on CryptoX. CryptoX Portal
Data shows BOB prices quickly fell from $0.000031 to $0.000016 on Sunday as traders likely reacted to Twitter’s actions, reaching a market capitalization of $13 million. As such, the tokens have been in a nearly continuous slide since early May, when they reached a peak capitalization of $74 million. Source
The lawsuit, filed on Friday in the U.S. District Court for the Western District of Texas, alleges ZachXBT defamed MachiBigBrother, “inflict[ing] serious reputational and monetary harm” on him. ZachXBT faces one count of libel and one count of libel per se, according to the complaint. Source
Terraform Labs founder Do Kwon told a Montenegro court that he wasn’t aware the passport he was traveling with was allegedly forged and instead pinned the blame on a Chinese-named agency. In a June 17 report from South Korean news outlet Segye Ilbo, Kwon told the Montenegrin Basic Court he received his allegedly forged passports and travel documentation, including a Costa Rican passport, through third-party “agencies.” “I received my Costa Rica passport after filling in the documents required by a Singaporean agency that was recommended to me by a friend.…
The Bank of England (BoE) is a step closer to launching its central bank digital currency (CBDC) dubbed “Britcoin” following the conclusion of a trial study called Project Rosalind. The Bank for International Settlements (BIS) along with the BoE launched the joint experiment in July 2022 to explore how prototypes of an application programming interface (API) could be implemented in retail CBDC transactions. A June 16 report which summed up phase two of Project Rosalind found a CBDC could make payments between individuals cheaper and more efficient while allowing firms…