Tag: NASDAQ:COIN
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Crypto this Wednesday: Circle Singapore Gets License From MAS, Mint Square Shuts Down Services, and More
US hearing to discuss future of cryptocurrencies, regulatory clarity The US House of Representatives Financial Services Committee has scheduled a hearing to discuss the future of cryptocurrencies and bring clarity to the digital asset ecosystem. The aim is to provide regulatory guidance and address critical issues such as investor protection and innovation. The hearing will take place…
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Wednesday’s Wall Street Highlights: Netflix, Diageo, Mondee Holdings, Yext and more
US Index Futures traded close to flat on Wednesday as investors digested weak China trade balance data. At around 7:25 AM, Dow Jones (DOWI:DJI) futures were down 20 points, or 0.06%. S&P 500 futures were up 0.03%, while Nasdaq-100 futures were flat. The 10-year Treasury yield was at 3.683%. West Texas Intermediate crude rose 1.03% to settle at $72.48…
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Crypto this Tuesday: SEC Sues Coinbase, Swift and Chainlink Join Forces, and More
Coinbase shares drop after SEC legal actions Shares in Coinbase Global Inc (NASDAQ:COIN) are down more than 11% at press time on June 6, as the cryptocurrency exchange is the subject of legal action by the SEC, which alleges unregistered operations. SEC Chairman Gary Gensler commented: “ Coinbase’s alleged flaws deprive investors of critical protections, including rulebooks…
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Crypto this Friday: Elon Musk accused of insider trading, OpenAI director’s Twitter account hacked, and more
Elon Musk faces insider trading allegations Tesla (NASDAQ:TSLA) CEO Elon Musk faces insider trading allegations in a class-action lawsuit filed by investors, who allege Tesla’s CEO manipulated the Dogecoin (COIN:DOGEUSD) cryptocurrency, resulting in billions in losses for them. Investors claim Musk used publicity strategies, including Twitter posts and media appearances, to profit at his expense. The judge indicated that…
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Tether launches sustainable BTC mining in Uruguay, Mercedes-Benz launches NFT collection, and more
Tether Announces Sustainable Bitcoin Mining in Uruguay Tether (COIN:USDTUSD) has revealed plans to launch Bitcoin (COIN:BTCUSD) mining operations in Uruguay, in partnership with a local licensed company. The stablecoin issuing company has stated that it will use renewable energy sources, aiming at sustainable mining. Tether also plans to allocate part of its profits to buy Bitcoin regularly. “ Our…
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Crypto This Friday: AVAX Tokens Will Be Unlocked, Anticipation for AI and Blockchain Integration, and More
Millions of AVAX tokens will be unlocked in the Avalanche ecosystem On Sunday, millions of AVAX tokens will be unlocked and distributed in the Avalanche ecosystem (COIN:AVAXUSD), increasing supply by 1.2%. The 9.3 million tokens in circulation are worth around $130 million and will go to the Avalanche Foundation, partners and an airdrop. Unlocks are not automatic…
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Crypto This Thursday: Celsius Network Selects Fahrenheit, Bitpanda Teams Up with Coinbase, and More
Celsius Network Selects Fahrenheit as winning proposal to get out of bankruptcy Celsius Network LLC selected Fahrenheit as the winning bid to run a creditor-controlled new company emerging from bankruptcy. Celsius account holders will own 100% of NewCo’s new equity, which will be overseen by a new board of directors. “ We are delighted that our competitive…
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Crypto This Wednesday: Blockchain Market Will Grow 67.57% By 2030, Tenet Joins Conflux, Qtum And More
Bitcoin drops more than 3% in the last 24 hours Bitcoin (COIN:BTCUSD) suffered a sharp drop after Wall Street opened on May 24, resulting in a “long overdue retest” of major trend lines. The price reached as low as $26,154, the lowest level since May 12th. Persistent volatility has led traders to watch the 100-day and 200-week…
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Crypto this Friday: ASX shuts down blockchain project, BitDAO merges with Mantle, and more
ASX shuts down blockchain-based reconstruction project ASX Ltd (ASX:ASX), the operator of Australia’s stock market, has announced that it will no longer use blockchain-based technology to rebuild its software platform, according to Reuters. After seven years of development, the company stopped rebuilding its trading, settlement and clearing software. While they are considering other options, ASX has said…
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Crypto this Thursday: Coinbase Cloud Joins Chainlink, Hong Kong Launches e-HKD Pilot Program, and More
Hong Kong launches e-HKD pilot program Hong Kong has started testing its local digital currency, the e-HKD, allowing the public to shop, dine out and transfer money. Sixteen banks and selected companies will participate in the test to explore different use cases such as online payments, in-store payments and collecting government payments. Test results will be released…