Day: November 29, 2023

Apple to End Credit Card Partnership with Goldman Sachs

While the proposal to end the partnership may have come from Apple, the tech company will benefit the least. Apple Inc (NASDAQ: AAPL) is set to end its partnership with Goldman Sachs Group Inc (NYSE: GS) according to information provided by the Wall Street Journal. The report suggests that Apple has tabled a proposal to terminate its credit card and savings account partnership within the next 12 to 15 months. Both companies saw their stock lose value after the announcement. After hours, GS was down 0.27%, while AAPL was also in…

Huddle01 CEO explains why communications tech must be decentralized

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The means by which humans communicate and coordinate are ever-evolving. People went from sending smoke signals and messengers on horseback to sending letters and telegrams, and since the dawn of the digital era, the pace of innovation has exploded. Today, hundreds or even thousands of people from around the world can gather in a Twitter Space or Zoom call and communicate in practically real-time. But people still primarily communicate via centralized platforms that retain and monetize user data, suffer from outages, have the power to censor speech, and face problems…

Coinbase Alerts Users to CFTC Subpoena Linked to Bybit Investigation

Customers who have interacted with both Coinbase and Bybit reported receiving emails from Coinbase notifying them of the CFTC subpoena. Leading American cryptocurrency exchange Coinbase has issued warnings to an undisclosed number of users regarding a subpoena it received from the United States Commodity Futures Trading Commission (CFTC) about Bybit, another digital asset trading platform based in Dubai. The market watchdog is seeking information about Bybit’s operations for possible violation of federal laws and lack of compliance to know-your-customer (KYC) and anti-money laundering (AML) rules in which Coinbase may be…

Cristiano Ronaldo Faces Legal Action over Binance Endorsement and Promoting Illegal Securities

The plaintiffs, Michael Sizemore, Mikey Vongdara, and Gordon Lewis, argue that Ronaldo actively took part in endorsing financial products on Binance, which should have been registered with regulators. Football icon Cristiano Ronaldo is facing a new legal battle, which started this week, as he has been accused of improperly promoting the cryptocurrency exchange Binance. A lawsuit filed on November 27th in a Florida court alleges that Ronaldo encouraged investments in unlawful securities tied to Binance, costing the plaintiffs substantial losses. The plaintiffs, Michael Sizemore, Mikey Vongdara, and Gordon Lewis, argue…

Bitcoin targets $40k, GMX and InQubeta bullish

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Digital asset prices are, as expected, dynamic. Bitcoin (BTC) is edging higher as bulls target $40K. As the most valuable coin, how Bitcoin performs can directly impact market sentiment.  Besides BTC, analysts expect GMX (GMX) and InQubeta (QUBE) to sustain their upward momentum.  The InQubeta presale is garnering more attention, riding on the artificial intelligence (AI) wave. The project also offers various investment models and an NFT marketplace. This article explores why InQubeta and GMX could float to new highs, rising in sync with Bitcoin. InQubeta raises over $5.4 million…

Hong Kong Considers Strengthening Crypto Regulatory Oversight Following Hounax and JPEX Fallout

Recent scams in the Hong Kong crypto scene has prompted calls for tighter regulation and increased regulatory powers to tackle crypto fraud. Hong Kong is contemplating tightening regulatory measures to tackle crypto scams, as Chief Executive John Lee Ka-chiu announced a review of legislation following an alleged fraud of HK$148 million ($19 million) swindled from 145 people. The move comes as the Securities and Futures Commission (SFC) struggles to shutter Hounax, an unlicensed platform at the center of the scam. Hong Kong Legislative Review and Calls for More Crypto Oversight Lee…

Trading Guru John Bollinger Warns Of Buying Litecoin, Here’s Why

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In his latest analysis, legendary trader John Bollinger has expressed concerns over Litecoin’s performance, particularly in comparison to Bitcoin. Bollinger, known for developing the popular technical analysis tool Bollinger Bands, highlighted a worrying pattern in the Litecoin market. He remarked, “I was asked for an analysis of LTCBTC. The thing that concerns me the most is its underperformance vs Bitcoin. From a price perspective the controlling LTCUSD feature is the 2 bar reversal at the lower Bollinger Band which is typically considered a bearish signal by traders.” Litecoin price analysis…

Bitcoin Group (ADE) Is Addressing ‘Serious Deficits’ in Anti-Money Laundering Measures Flagged by BaFin

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