Bitcoin price is down, but data signals that $30K and above is the path of least resistance
Even with a price correction to $29,000, several Bitcoin price metrics show traders casting bets on a quick rebound. Go to Source Powered by WPeMatico
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Judge gives US prosecutors until Oct. 3 for discovery in case against Alex Mashinsky
U.S. District Judge John Koeltl granted a continuance for former Celsius CEO Alex Mashinsky’s trial start date, citing the “volume of discovery” and the “complexity of the case.” Go to Source Powered by WPeMatico
Abu Dhabi regulator grants trading firm Rain permission to offer crypto services
The announcement followed crypto exchange Binance receiving similar permission from the Abu Dhabi regulator in November 2022. Go to Source Powered by WPeMatico
Judge in SBF’s criminal case proposes gag order, citing attempt to ‘influence public opinion’
The proposal followed a complaint filed by U.S. authorities alleging Sam Bankman-Fried had leaked Caroline Ellison’s private journals in an attempt to interfere with the trial. Go to Source Powered by WPeMatico
Ripple ruling and crypto ETFs ‘drove a lot of urgency’ among lawmakers, reportedly says Coinbase CEO
Coinbase CEO Brian Armstrong reportedly said Representatives Maxine Waters and Patrick McHenry were both considering a legislative path forward on regulating digital assets. Go to Source Powered by WPeMatico
Sam Bankman-Fried’s brother planned to buy island and prep for apocalypse: court filing
According to court documents, Gabriel Bankman-Fried wrote a memo to the FTX Foundation with a plan to build a bunker to survive “some event where 50%-99.99% of people die”. Go to Source Powered by WPeMatico
Couple behind Bitfinex money laundering scheme reach plea deal with US prosecutors
Ilya Lichtenstein and Heather Morgan are scheduled to appear for an arraignment and hearing on Aug. 3 as part of a plea agreement with U.S. prosecutors. Go to Source Powered by WPeMatico
UK financial watchdog announces launch of permanent Digital Sandbox in August
According to the FCA, the sandbox will be open to businesses, start-ups and data providers, including those involved in banking, investment, lending and payments. Go to Source Powered by WPeMatico
No impact from Ripple ruling? SEC chair cites risks from crypto in budget request
Gary Gensler cited the “Wild West of the crypto markets” that was “rife with noncompliance” in requesting more than $2.4 billion for the commission’s 2024 fiscal budget. Go to Source Powered by WPeMatico
Multiple spot crypto ETF applications go to Federal Register in step toward SEC approval
Publishing the ETF applications in the official journal of the U.S. government gives the SEC up to 240 days for final approval or denial — until March 2024. Go to Source Powered by WPeMatico