US senator revamps efforts for crypto regulations amid SEC lawsuits

United States Senator Cynthia Lummis has said her efforts to push for a positive crypto regulatory framework are still in motion, with the rapid evolution and increasing adoption of cryptocurrencies adding to its... Read more »

The US will find the ‘right outcome’ for crypto, eventually – Coinbase CEO

Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, emphasized that regulating crypto isn’t “rocket science” and is confident that the United States will achieve regulatory clarity, “even if it takes a while.” ... Read more »

Bitcoin price avoids 3-month lows as crypto dive liquidates $390M

Bitcoin (BTC) challenged three-month lows into June 10 as altcoins in particular felt the heat from United States regulatory pressure. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Altcoin bloodbath as exchanges... Read more »

US Justice Department charges two men in Mt. Gox hack

The United States Justice Department has unsealed charges against two men it says are responsible for the $400 million hack of former Bitcoin exchange Mt. Gox. According to the announcement, 43-year-old Alexey Bilyuchenko... Read more »

SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’

The United States Securities and Exchange Commission (SEC) is seeking “alternative service” from the U.S. district court in Washington, D.C. to issue a legal summons to Changpeng Zhao, the CEO of cryptocurrency... Read more »

EU starts countdown to crypto legislation, adds MiCA to official journal

On June 9, the European Union’s Markets in Crypto-Assets (MiCA) legislation was published in the Official Journal of the European Union (OJEU). This triggers the countdown for the law to come into effect from... Read more »

Bitcoin price races toward $27K, but a swift recovery is not confirmed by market data

Bitcoin might have displayed strength by quickly recovering from the $25,500 support level on June 6, but that doesn’t mean that breaking above $27,500 will be an easy task.  Investors still expect stricter... Read more »

US Bitcoin supply fell over 10% in the past year — Glassnode

Bitcoin (BTC) abandoned the United States during the 2022 bear market, new research suggests. In a tweet on June 8, on-chain analytics firm Glassnode revealed some surprising conclusions about who is now... Read more »

What asset freeze? Binance BTC outflows muted as users shun panic selling

Bitcoin (BTC) hitting three-month lows did not spur hodlers to panic sell, on-chain data shows. According to analytics firm Glassnode, BTC investors have largely ignored the latest crypto exchange legal battles. On-chain... Read more »

Binance and CZ sued by the SEC

In the latest episode of The Market Report, analyst and writer Marcel Pechman discusses the impact of the United States Securities and Exchange Commission lawsuit against the Binance exchange. Most likely, the... Read more »