Crypto exchange Binance US has urged a federal judge to reject a request by the U.S. securities regulator to freeze its assets. The company won’t be able to maintain the trading platform or pay employees and vendors, defense attorneys said in a court filing.

‘No Need for the Draconian Relief Sought by the SEC,’ Binance US Lawyers Say

Binance US, the American subsidiary of the largest cryptocurrency exchange, Binance, has asked a federal judge to reject a request filed by the U.S. Securities an

Bitcoin moved below the $26,000 level to start the weekend, as bearish pressure intensified following a week of turbulence. Sentiment in the market once again shifted, as traders liquidated their positions on the back of the U.S. Securities and Exchange Commission’s (SEC) crackdown on crypto. ETH dropped below $1,800.

Bitcoin

Bitcoin (BTC) started the weekend trading below $26,000, as traders continued to react to the fallout of the SEC’s cryptocurrency crackdown.

The latest domino to fall ca

Doubts regarding crypto remain among German banks, but there is a growing concern about missing out on a potentially game-changing development.

For a long time, German banks largely neglected the cryptocurrency industry, considering it too speculative, too risky and too unregulated.

Foreign institutions, neobrokers, and crypto fintech companies such as Bitwala, Trade Republic, Bison App and Bitpanda were primarily responsible for providing services like trading and custody, business account ma

Binance US has informed its users that U.S. dollar deposits have been suspended and USD withdrawals will no longer be processed. The crypto exchange has asked customers to withdraw dollars by June 13 as it transitions into a crypto-only trading platform. The move followed a lawsuit against the crypto exchange and several other Binance entities by the U.S. Securities and Exchange Commission (SEC).

Binance US Suspends Dollar Deposits, Withdrawals

Binance US made an announcement Thursday regardin

Bitcoin edged marginally higher on Friday, as traders began to shift their attention to next week’s Fed meeting. Many are expecting that the Federal Reserve will keep rates unchanged for the first time in over a year. Ethereum remains above a floor at $1,830.

Bitcoin

Bitcoin chart by TradingView

Bitcoin (BTC) moved marginally higher during Friday’s session, as the focus for traders begins to be next week’s Fed rate decision.

Following a low of $26,339.32 on Thursday, BTC/USD jumped to an int

Approximately 12 years ago, a programmer named Laszlo Hanyecz from Florida had a craving for pizza. He decided to purchase two pizzas using Bitcoin, making it the first recorded real-world use of cryptocurrency.

On May 18, 2010, Hanyecz posted on the Bitcointalk.org forum expressing his intention to buy two large pizzas with Bitcoin. He offered 10,000 Bitcoin to anyone who could fulfill the order and deliver it to him.

Later that day, a user named "ender x" responded to the forum post, co

According to statistics from mid-May 2023, 18 different application-specific integrated circuit (ASIC) bitcoin mining devices are profitable using today’s bitcoin exchange rates. Additionally, the top bitcoin mining machines today are made by three prominent ASIC manufacturers, as fabrication competition these days is limited.

18 ASICs Profit With Electricity Costs at $0.12 per kWh and Today’s Bitcoin Exchange Rates

The average hashrate of the Bitcoin blockchain over the last 2,016 blocks stan

In a recent interview, the renowned investor Paul Tudor Jones expressed his perspective on bitcoin, acknowledging that there might be regulatory challenges ahead. However, Jones emphasized his unwavering commitment to the dominant cryptocurrency, affirming that he maintains “a small diversification” in his investment portfolio and always will.

Paul Tudor Jones on Bitcoin: ‘I’m Sticking With It, and I’m Going to Always Stick With It’

In an appearance on CNBC’s “Squawk Box” this week, the legend

Reef is thrilled to announce the launch of a $10 Million Accelerator Program for Web3 projects building on the Reef Chain, which are based out of the Middle East. The program, managed by Reef Labs, aims to support, incubate, and invest in promising Middle East-based Web3 developers, teams, and projects building on the Reef Chain.

The rise of blockchain/Web3 applications in the Middle East are setting the stage for remarkable technological progress and innovation. Reef has already made a signifi

Solana extended recent gains on Monday, as the token rose to a one-week high, following recent declines. The token dropped below the $20.00 level last week, as a red wave hit cryptocurrency markets. Litecoin was also higher today, climbing by nearly 7%.

Solana (SOL)

Solana (SOL) rose to a one-week high on Monday, as momentum shifted following a recent bear run.

SOL/USD surged to a peak of $21.49 earlier in today’s session., which comes after Sunday’s low of $20.65.

As a result of this rally,

Amid Lebanon’s financial crisis, significant demonstrations have erupted in Beirut targeting financial institutions. Outraged Lebanese depositors, witnessing their savings vanish, have resorted to smashing bank windows, setting fires, and engaging in riots. Simultaneously, leaders of Lebanon’s central bank face grave allegations of fraud, embezzlement, and political corruption.

Lebanese Citizens Left Penniless as Financial Institutions Crumble

In February 2023, Lebanese depositors that were in

Midway through May and bitcoin has mostly fallen lower, as markets digested several key pieces of economic data. The headline was another rate hike by the Federal Reserve, which came as U.S. non-farm payrolls rose marginally higher than expected. Heading into the last fortnight of the month, could bulls be on the brink of returning?

Current Market Status

At the halfway point of May, bitcoin has fallen to a two-month low, as market sentiment shifted bearish, following April’s strong gains.

Wit

On May 15, 2023, the Bitcoin Cash network achieved another annual milestone by seamlessly integrating four cutting-edge features into its consensus ruleset. At precisely 1:24 p.m. UTC on Monday, the eagerly anticipated upgrade went live, marking a significant leap forward for the peer-to-peer electronic cash platform. Bitcoin Cash fans believe the transformative changes are set to revolutionize the blockchain’s ecosystem.

Bitcoin Cash Network Takes a Leap Forward With 4 New Ruleset Changes

At