Sequoia Partner Asserts on FTX Investment
Alfred Lin, director at Sequoia Capital, defended the firm’s multimillion-dollar investment in the now-defunct cryptocurrency exchange FTX. Lin stated at the Bloomberg Tech Summit that Sequoia would likely make the same investment decision if he were tasked with evaluating FTX for the first time again. “I looked at the work we did in 15 different […]
Amid Positive ETF Remarks: Bitcoin (BTC) Tests $31k
Bitcoin (BTC) has reached its highest price level of the year as a result of the US SEC’s approval of first leveraged Bitcoin ETF. The bullish rally Bitcoin (BTC) price has experienced this week is far from over, as the leading digital currency has momentarily retested the $31,000 price level due to positive sentiments regarding the newly […]
Binance Belgium Directed to Cease Operations
The Financial Services and Markets Authority (FSMA) of Belgium warned Binance about European Economic Area regulations violations. In response to Binance’s lawsuit against the US Securities and Exchanges Commission (SEC), the Belgian financial regulator ordered the exchange to cease certain operations on Friday. Belgium’s Financial Services and Markets Authority (FSMA) must promptly cease exchange services […]
Why TrueUSD Turmoil Could Impact Binance’s Trading
The market capitalization of TrueUSD expands, and Binance continues to offer no-fee trading on TUSD pairs; consumers remain indispensable. The TrueUSD (TUSD) stablecoin network, whose market capitalization has increased from $750 million to over $3 billion due to odd claims, has been questioned. This can also have implications for Binance, which continues to offer no-fee […]
US SEC Approves First-Ever Bitcoin Leveraged ETF
The Securities and Exchange Commission (SEC) of the United States has approved Volatility Shares’s 2x Bitcoin Strategy ETF. The approval of 2x Bitcoin Strategy ETF, also known as BITX, by the U.S. Securities and Exchange Commission (SEC) paves the way for the launch of the Volatility Shares ETF on Tuesday, June 27, 2023. This will […]