Bitcoin News and Finance: What You Need to Know

The United States District Court in Washington, D.C., at the request of the Securities and Exchange Commission (SEC), summoned Binance CEO Changpeng Zhao (CZ) on Wednesday. Binance CEO CZ Challenged by SEC Summons as Legal Battles Escalate On Wednesday, several social media accounts shared a summons intended for the CEO of Binance, Changpeng Zhao, also known as CZ. The document states that CZ must respond upon being served, and at that time, he will have 21 days to address the court. “If you fail to respond, judgment by default will be entered against you for the relief demanded in the complaint,” the court filing details. I was told this is just part of the SEC compliant process. Nothing new. Also told I won't have to appear in person. No need to FUD. pic.twitter.com/NYUlBCIirG — CZ Binance (@cz_binance) June 7, 2023 The summons necessitates a response and bears the signature of the court clerk. CZ was served at his residence in Malta, and he shared a tweet about th...

Robinhood is reviewing its crypto offerings after the U.S. Securities and Exchange Commission (SEC) went after major digital assets exchanges. In lawsuits against Binance and Coinbase, the regulator claims that a number of tokens listed by the trading platforms are unregistered securities. Robinhood Reviews Cryptocurrency Offerings Amid U.S. Crackdown on Leading Exchanges U.S.-based online broker Robinhood Markets is taking a look at its digital coin offerings following the SEC’s decision to crack down on Binance, the world’s largest crypto exchange, and Coinbase, the leading digital asset exchange in the United States. The financial services company is “actively reviewing” the regulator’s analysis “to determine what, if any, actions to take,” the firm’s Chief Legal Compliance and Corporate Affairs Officer Dan Gallagher said, quoted by Bloomberg. Gallagher, who is a former SEC commissioner, announced the move when he testified in Congress before the House Agriculture Committee in ...

Bitcoin rebounded from a near three-month low on Wednesday, as traders moved to buy the latest price dip. Yesterday’s decline came as the U.S. Securities and Exchange Commission sued both Binance and Coinbase. Ethereum moved closer to $1,900 in today’s session. Bitcoin Bitcoin ( BTC ) bounced back above the $27,000 level on Wednesday, as traders moved to buy the recent dip in price. Following a low of $25,434.87 on Tuesday, BTC /USD raced to an intraday high of $27,332.18 in today’s session. This move saw bitcoin climb away from its weakest point since March 17, when it was at a low of $24,946. Bitcoin chart by TradingView Overall, price has also risen back above a key support point at $26,300, with the relative strength index (RSI) hovering near a similar area. At the time of writing, price strength is tracking at 45.67, which is below a resistance level of 47.00. The 10-day (red) moving average also remains above its 25-day (blue) counterpart, which could be a positive s...

My Applets Explore Developers Upgrade Create Bitcoin News-GA4 Activity Error Applet failed Jun 07 - 2:17 PM RSS Feed Bitcoin News-GA4 Action failure message: This Applet has reached its daily rate limit and was skipped. RSS Feed icon RSS Feed New feed item Trigger ran, 2:17 PM Blogger icon Blogger Create a post Action failed, 2:17 PM Error Applet failed Jun 07 - 1:17 PM RSS Feed Bitcoin News-GA4 Action failure message: This Applet has reached its daily rate limit and was skipped. RSS Feed icon RSS Feed New feed item Trigger ran, 1:17 PM Blogger icon Blogger Create a post Action failed, 1:17 PM Check Applet ran Jun 07 - 11:17 AM RSS Feed Bitcoin News-GA4 New entry from Bitcoin News: Russian Finance Minister Talks Dollar Attack on Russia, Importance of Developing Alternatives for Settlements RSS Feed icon RSS Feed New feed item Trigger ran, 11:17 AM Blogger icon Blogger Create a post Action ran, 11:17 AM Error Applet failed Jun 07 - 10:17 AM RSS Feed Bitcoin News-GA4 Action failure...

A senior economist at financial services firm TD says the Chinese yuan, the euro, and digital currencies could erode the U.S. dollar’s dominance. “Several countries have shown frustration with the dominance of the dollar and are pursuing alternatives for conducting international trade and cross-border banking,” he said. Long-Term Trend Is Away From US Dollar, Says Economist Vikram Rai, a senior economist at financial services firm TD, discussed the global de-dollarization trend and currencies that have the potential to diminish the dominance of the U.S. dollar in a note published last week. He specifically mentioned the Chinese yuan, the euro, and central bank digital currencies (CBDCs) as noteworthy challengers. While stating that the U.S. dollar “remains the dominant and most-used currency,” the economist stressed that “the long-term trend is away from it.” He described: Several countries have shown frustration with the dominance of the dollar and are pursuing alternatives for co...

Russian Finance Minister Anton Siluanov has given his opinion on the perceived attack the Russian economy has been receiving from the U.S. dollar, and how the country has moved to keep trade going. Siluanov also remarked on the importance of developing settlements in national currencies. Russian Finance Minister Anton Siluanov: ‘The Dollar Has Challenged Russia’ Anton Siluanov, the Russian finance minister, has referred to Russia’s situation after having most of its means for dollar-based exchange blocked. Siluanov noted that Russia was forced to find alternatives to the dollar due to the economic sanctions enacted by the U.S. government, due to the country’s involvement in the Russia-Ukraine conflict. In an interview with CGTV, Siluanov stated : We are not challenging the dollar, the dollar has challenged Russia, so we are looking for reliable alternative settlement mechanisms between our exporters and importers so that it is convenient, reliable and beneficial for participants ...