Billionaire investor Mark Cuban says that assigning all authority to the CFTC “could solve” the problem of vocal crypto voters for current United States president Joe Biden. Billionaire investor Mark Cuban has pushed for the Commodities Futures Trading Commission (CFTC) to take charge of regulating “all crypto,” along with a final plea to the U.S.…
Read more
The largest bank in the U.S. with $2.6 trillion in assets reported to the SEC that it had purchased roughly $760,000 worth of shares of Bitcoin ETFs. United States-based financial company JPMorgan Chase has disclosed investments in Bitcoin exchange-traded funds offered by Grayscale, ProShares, Bitwise, BlackRock and Fidelity. In a May 10 filing with the U.S.…
Read more
SOL price is down today as a wider crypto market correction takes place, and investors voice their displeasure with recent airdrops in the Solana ecosystem. Solana’s native token, SOL , saw a 9% increase on May 9, closing at $155, though it faced stronger resistance than anticipated. By May 10, SOL’s decline to $148 showed…
Read more
Analysts at Deutsche Bank also argued Tether’s solvency status is “questionable” which the stablecoin firm said is “ironic” considering the bank’s own history with fines. Stablecoin giant Tether has slammed Deutsche Bank over a newly released report suggesting that stablecoins — including its dollar-pegged token Tether — could witness a “peso moment,” that would wreak…
Read more
Eclipse founder and CEO Neel Somani said he would “work to clear my name and defend myself” and will move away from a public-facing role at the firm. Ethereum layer 2 blockchain Eclipse founder and CEO Neel Somani says he is “temporarily reducing” his role as a “public face” for the firm as he faces…
Read more
“I do think it hits that number and goes beyond,” said the Twitter co-founder on his million-dollar Bitcoin prediction. Twitter co-founder Jack Dorsey says the price of Bitcoin could reach a price of at least $1 million by the year 2030, adding that its value could grow even further from that point onwards. Speaking in a…
Read more
A 3% rebound in Ether’s price would wipe $345 million in short positions amid Grayscale withdrawing its Ether futures ETF application. Ether traders have stacked up their short positions over the last 24 hours, just as Grayscale Investments pulled its application for an Ethereum futures exchange-traded fund (ETF). is hovering close to a key support…
Read more
The market is down, but the bull run isn’t over. When it resumes running upward, some things are going to run a little more than others. Cryptocurrency’s next bull run has already begun. One of the most significant differences compared to past cycles lies in the type of new investors entering the market. Bitcoin exchange-traded…
Read more
Robinhood’s crypto services contributed to nearly 40% of the firm’s transaction-based revenue and helped the firm produce a net profit for the second straight quarter. Robinhood CEO Vladimir Tenev described the recent Securities and Exchange Commission Wells notice as a “disappointing development” during a Q1 earnings call, as the firm posted a 224% increase in…
Read more
After backing and funding Bluesky when he was CEO of Twitter, Jack Dorsey has left the board of the social network. Twitter co-founder Jack Dorsey has left Bluesky’s board — the decentralized social media platform he conceived and funded in 2019 when he was Twitter’s CEO. Bluesky confirmed Dorsey’s exit in a May 5 post on the…
Read more
