Author: Crypto News Live

NFT In a surprising move that caught the attention of the crypto community, Machi Big Brother, a prominent NFT mogul and former musician and tech entrepreneur, announced the transfer of their Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs to the popular cryptocurrency exchange Binance. The move was intended to demonstrate solidarity and support for Binance amidst the recent legal actions taken by the US Securities and Exchange Commission (SEC). NFT Whale Stands With Binance According to Etherscan, numerous NFT belonging to BAYC and MAYC have been moved to crypto exchange Binance by Machi Big Brother.…

TL;DRThe SEC filed a lawsuit claiming Coinbase failed to register as an exchange, clearing house, and broker despite providing investors these services. Plus! The SEC is also alleging that Coinbase offered and sold unregistered securities via its staking service.The hypocrisy being: the SEC gave its tick of approval to everything they’re now taking issue with, when Coinbase went public back in April of 2021.In the filing, the SEC said that Coinbase should be “permanently restrained and enjoined” and no longer able to do business in the United States.Full StoryOh damn! Remember yesterday when we wrote about the SEC coming at…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Ethereum saw large volatility but was bearishly biased on the 4-hour chart. This downtrend was against the trend on the daily timeframe and presented a support zone to watch for a positive reaction from. Ethereum has trended upward on the charts since March, but this was on the higher timeframe charts. They presented a bigger picture of the price action, which continued to favor the bulls. But this was of no help over the past few days when bearish…

Popular commission-free trading platform Robinhood is rethinking its support for multiple cryptocurrencies, according to the firm’s Chief Legal Officer Dan Gallagher, in light of the U.S. Securities and Exchange Commission’s (SEC) crackdown on crypto exchanges. The SEC has recently filed a lawsuit against the Nasdaq-listed cryptocurrency exchange Coinbase, a day after filing a lawsuit against leading cryptocurrency exchange Binance. Charges levied against Coinbase include operating as an unregistered broker and exchange, with the SEC demanding the company cease these actions permanently, while those against Binance include operating unregistered exchanges, broker-dealers, and clearing agencies, misrepresenting trading controls and oversight on the…

Binance customers do not seem to be particularly affected by the Securities and Exchange Commission’s (SEC) lawsuit against the world’s largest crypto exchange by trading volume. According to data shared by Ki Young Ju, the CEO says that Binance did suffer outflows of 10,000 Bitcoin (BTC), the largest withdrawal total of 2023. But that outflow looks less statistically significant when looking at a zoomed-out time chart, according to Ki Young Ju. The impact of 10k $BTC outflows on Binance.https://t.co/1TXeqp1lnZ — Ki Young Ju (@ki_young_ju) June 5, 2023 Julio Moreno, head of research at CryptoQuant, also notes that Binance’s Bitcoin Outflows-to-Reserves…

OP’s daily and weekly numbers of active users plateaued in the last few weeks. The token’s price action was negative, and a few market indicators were bearish. Optimism [OP] recently completed its much-awaited Bedrock update, and has brought new changes to the network. During the update, OP halted deposits and withdrawals. However, as the update rollout was completed, OP resumed transactions.  The OP Mainnet migration to Bedrock has begun! Deposits & withdrawals on the legacy network and transactions to the sequencer have been paused. To follow along with the migration, bookmark this page:https://t.co/UGE5vDZOuB — Optimism (✨🔴_🔴✨) (@optimismFND) June 6, 2023…

The U.S. Securities and Exchange Commission (SEC) rocked the crypto landscape this week, further intensifying its regulatory scrutiny on the industry by filing civil lawsuits against two of the world’s largest cryptocurrency exchanges, Binance and Coinbase. Citing a laundry list of accusations ranging from a failure to protect investors to the mismanagement of customer funds, the SEC also identified several well-known crypto tokens (MATIC, SOL, and ALGO among them) as well as those related to gaming and metaverse platforms (SAND, MANA, and AXS), as potential securities. The lawsuits fall on the week of the 89th anniversary of the SEC, making the…

Blockchain Taurus, a company funded in part by the now bankrupt Credit Suisse, announces the integration of Polygon for the tokenization of real assets. In February it raised $65 million through a funding round led by Credit Suisse, in which Deutsche Bank, CACEIS, Pictet Group and Arab Bank Switzerland also participated. The integration of Polygon on its platform was recently announced. Enabling banks and brands to issue and custody any tokenized asset using @0xpolygon@taurus_hq, the European digital asset infrastructure leader is now fully integrated and automated #onPolygon 😎More: https://t.co/U2tT0azjkG pic.twitter.com/urFCzXN8eg — Polygon (Labs) (@0xPolygonLabs) June 2, 2023 Taurus, funded by…

NFT Gaming-centric Web3 startup and NFT marketplace Fractal has announced Fractal Studio, or FStudio, a three-part product the firm says will enable video game developers to more easily add crypto integrations into their titles without having to code. FStudio gives developers the ability to “build,” “acquire,” and “monetize” their projects, according to a statement. Developers will be able to turn in-game assets into NFTs with FStudio, enable credit card payments for in-game crypto items, and create their own in-game NFT shops. “It’s been about 18 months since we started the company, and I feel like in that time we’ve been…

GameStop has terminated CEO Matt Furlong who oversaw the company’s expansion into the world of NFTs. In a statement released today, GameStop announced the decision to remove Furlong from his position after two years with the company. The retailer has also made significant changes to its executive leadership.CEO Termination and Leadership Changes: After two years with the company, GameStop CEO Matt Furlong has been terminated, according to a statement released by the company today. Furlong oversaw the long-running retailer’s expansion into NFT collectibles via a marketplace for digital assets.No replacement has been named yet, but the company has named billionaire investor…