The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features, according to an announcement from network developer OP Labs. The upgrade is part of a series of reforms the developer says will help create a “Superchain” of scaleable Web3 networks based on Optimism’s OP Stack software. In a conversation […]

The US Securities and Exchange Commission (SEC) sued the world’s largest crypto exchange Binance and its founder for allegedly violating securities laws.  In light of this, Cardano founder Charles Hoskinson has expressed his concerns over the SEC’s complaints against Binance.  Cardano Founder Analyzes SEC’s Complaints Against Binance Charles Hoskinson to Twitter to disclose his belief regarding the recent SEC lawsuit […]

On Monday, Binance, the world’s largest cryptocurrency exchange by traded volume, was hit with a lawsuit by the U.S. Securities and Exchange Commission (SEC) alleging violations of federal securities laws. Through thirteen charges, the SEC claimed that the exchange, led by CEO Changpeng Zhao ‘CZ’, offered unregistered securities through its BNB token and other tokens. The agency also accused Zhao […]

Renowned exchange Kraken is battling issues with its crypto funding gateways, which include BTC, ETH, and ERC-20, as users experienced delays in deposits and withdrawals.  On their status page, Kraken informed users that the Kraken Futures platform would not be available for approximately 10 minutes on June 6, 2023, at 10:30 UTC. As such, users cannot carry out financial transactions […]

The US Securities and Exchange Commission (SEC) has expanded its list of digital tokens classified as unregistered securities, now totaling more than $115 billion in cryptocurrency. The recent lawsuit filed against Binance Holdings Ltd. by the SEC has brought attention to a dozen coins falling under the agency’s purview. This designation subjects the assets to strict investor protection regulations and […]

Reggie Fowler, a former owner of NFL team Minnesota Vikings, has been meted a six-year prison sentence by a New York judge because of his involvement in a crypto fraud scheme. This scheme encompassed more than $700 million in unregulated transactions carried out over a period of 10 months in 2018.  The 63-year-old Vikings co-owner was convicted on charges of […]

Cboe Digital, a major options exchange in the United States, has had its application to offer margined futures contracts for Bitcoin (BTC) and Ether (ETH) approved by the United States commodities regulator. While Cboe has offered crypto futures contracts since December 2017, margin trades were not available to users. With the new approval, users will be able to trade Bitcoin […]

Bitcoin price is down 5% and trading below the $26,000 level. BTC is now at risk of a move toward the $25,000 support in the near term. Bitcoin started a sharp decline below the $27,000 level. The price is trading below $26,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near […]

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 ADA price is gaining bearish momentum below the $0.365 support zone against the US Dollar. The price is now trading below $0.355 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.364 on […]