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Binance hires former officials from DOJ and SEC to strengthen its legal defense. M. Kendall Day, a former DOJ white-collar prosecutor, joins Binance’s legal team to represent the firm in the SEC case. The giant crypto exchange has been under US investigation since 2018 for alleged AML violations. In a bold move to reinforce its legal defense, Binance, the world’s largest cryptocurrency exchange, has hired former officials from both the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), despite facing investigations from these very agencies. According to Bloomberg’s report, Binance’s latest addition to its growing legal team is M. Kendall Day, a former white-collar prosecutor at the DOJ who will represent the firm in the SEC case. Day brings with him 15 years of experience as the former acting deputy assistant attorney general at the Criminal Division. He was also chief of the department’s Money Laundering...

News of regulatory enforcement against the crypto sector fell to the wayside as Bitcoin price rallied above $30,000, and options data suggests the trend will continue. Bitcoin's (BTC) 15% rally toward $30,300 between June 19 and June 21 caught most traders by surprise, triggering $125 million in liquidations of leveraged short futures contracts. Narrowing down the trigger for the rally is complicated, but some analysts point to the potential inflow of institutional investors if Blackrock’s exchange-traded fund (ETF) application gets regulatory approval. BlackRock just filed with the SEC to create a spot #Bitcoin ETF. Given their reputation, this has the highest likelihood of happening out of all the attempts at a spot ETF so far. The institutional liquidity floodgates may finally open https://t.co/c9g2Ten1h8 pic.twitter.com/L2NmXq11gL — Joe Consorti (@JoeConsorti) June 15, 2023 ARK Invest CEO and chief investment officer Cathie Wood explained the rationale for the firm’s bulli...

Dogecoin On Tesla Website Bought to public eye recently, Tesla ’s official website Features a dedicated page specifically focused on Dogecoin payments. This page serves as a resource for individuals interested in utilizing Dogecoin to make purchases from Tesla . It offers insights into the types of products that can be bought using the coin, outlines the process of making a purchase with it, and provides guidance on the appropriate amount of DOGE to enter for a transaction. advertisement This move not only highlights Tesla ’s recognition of Dogecoin as a legitimate payment option but also demonstrates the potential impact that the integration of DOGE into Tesla ’s ecosystem can have on the token’s value. Also Read: Pepe Coin Skyrockets 40%, Will SHIB, DOGE, and FLOKI Follow? Elon Musk, the influential CEO of Tesla and SpaceX, has long been a vocal supporter of Dogecoin. His endorsement of the cryptocurrency has garnered significant atten...

CCH Tagetik expert solution secures 100% recommended customer rating NEW YORK–(BUSINESS WIRE)–Wolters Kluwer CCH Tagetik has followed up its success in last year’s BPM Partners Vendor Landscape Matrix by securing the top ranking of “Premier Leader” in the 2023-2024 edition. BPM Partners, the leading authority on business performance management, recognized Wolters Kluwer CCH Tagetik for the fourth year in a row as a ‘Dominant’ vendor and for the second year in a row in the highest customer satisfaction level of ‘Outstanding’. The widely respected Vendor Landscape Matrix analyzes empirical data to rank vendors in the space according to their relative market status and the customer satisfaction levels which they achieve. In this year’s edition, CCHTagetik reached 100% recommended status among its customers with above average customer satisfaction across the fifteen main areas measured. The BPM Partners Analysis recognizes the ability of the CCH Tagetik platform to de...

Cathie Wood ’s firm Ark Invest sold its Tesla stock holdings a day before Elon Musk’s meeting with the Indian P as the company looks to invest in the Asian country. advertisement Tesla Shares Rise Over 5% Tesla shares closed over 5% higher yesterday as it gained 45.31% in the last month. At the time of writing, Tesla shares are trading at $274, with 5.34% increase in the pre-market. Ark Investment has been on a selling spree recently as it continues to scoop massive profits on Tesla shares. Ark bought heavily last year when Tesla shares were down. Earlier, Cathie Wood ’s investment management firm sold 73,113 shares of Tesla 16th June for around $19.05 million. Also Read: Cathie Wood Predicts Bitcoin Price.. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

May 2023 marked the second consecutive month of crypto VC activity growth, surpassing $1 billion in funding for the first time since September 2022. Crypto venture capital investments were on the rise for the second month in a row in May despite the generally declining economic backdrop. Funding amounts surged 34% from April, and the number of individual deals jumped 62%, according to data from Cointelegraph Research’s Venture Capital Database. Though inflation in the United States cooled from 4.9% in April to 4% in May — down from 9.1% in the summer of 2022 — the U.S. Federal Reserve still raised interest rates 10 consecutive times. Decreasing inflation tends to build trust among investors that inflation is controllable and that Federal Reserve measures will become softer, but the market is still in the waiting phase. Purchase access to the Cointelegraph Research VC Database. On June 14, the Fed announced it would pause interest rate hikes, which may become a bullish signal for fin...

Arthur Hayes has created a custom index on the Bloomberg Terminal to time his crypto purchases. The BitMEX founder plans to use the index to monitor the impact of TGA refills on the US dollar’s liquidity. Hayes stated that he would purchase cryptocurrencies as long as the net liquidity index remains positive. Popular crypto entrepreneur Arthur Hayes has built a custom index on the Bloomberg terminal. The BitMEX founder plans to use the Bloomberg index to time gauge the impact of the government filling up the Treasury General Account (TGA) on the United States stock market as well as the crypto market. I created a custom index on Bloomie <.USTLIQ U Index> to monitor how the TGA refill is affecting $ liq. Index > 0, +ve for $ liq; Index < 0, -ve for $ liqd. pic.twitter.com/819ACjNTV5 — Arthur Hayes (@CryptoHayes) June 20, 2023 Hayes took to Twitter earlier today to tell his followers about his latest creation on the Bloomberg terminal. Th...

Cathie Wood recently added to her fund’s position in Coinbase Global stock and reiterated her call for a $1 million Bitcoin price. Is this in line with analysts’ expectations? In an interview with Bloomberg, ARK Invest CEO and CIO Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its position in shares of Coinbase (COIN) after the SEC sued Binance, one of Coinbase’s biggest competitors. ARKK purchased nearly 330,00 shares of COIN on June 6, 2023, worth about $17 million at the time, according to disclosure statements. Two other funds, Ark Fintech Innovation ETF and Ark Next Generation Internet ETF, also bought 35,700 shares, worth $1.8 million, and 53,900 shares, worth $2.8 million, respectively.  Across all three funds, ARK’s average entry price is $272.75 - $282.93, with their total position being currently valued at $1.77 billion. At the time of writing, COIN is trading at $53.90. Needless to say, the fund is deeply in the red on this trade s...

LunarCrush reveals top coins by 1-week Altrank on Twitter. Fantom, Shiba Inu, and Aptos display impressive market performance. Bitcoin maintains its dominance with a $513 billion market cap. LunarCrush, a crypto-enthusiast platform, has revealed its top ten coins by one -week Altrank. This metric combines market and social activity to comprehensively assess a cryptocurrency’s performance. In particular, Fantom (FTM), a rising star in the crypto market, has experienced a 4.66% increase in trading volume, reaching $63 million. TOP COINS BY ONE-WEEK ALTRANK Social Activity Market Activityhttps://t.co/flocI9jDEP pic.twitter.com/Jo7K16pJq3 — LunarCrush (@LunarCrush) June 18, 2023 With a market capitalization of $740 million and a 9.32% weekly surge, FTM’s current price on CoinMarketCap stands at $0.2649. These promising numbers have caught the eye of traders seeking potential opportunities. Shiba Inu (SHIB), known for its charismatic ca...

During the past week, Coinbase and Binance encountered challenges due to increased regulatory scrutiny, coinciding with bearish market conditions following the US Securities and Exchange Commission’s (SEC) charges. Binance faced additional regulatory obstacles on a global scale, while its US-based counterpart, Binance.US, successfully settled with the SEC, preventing a complete freeze of its assets. The SEC also remained in the spotlight as a bill to remove chairperson Gary Gensler advanced through Congress. Significant developments also occurred in the SEC vs. Ripple case, as previously undisclosed internal emails about the Bill Hinman’s 2018 speech were publicly disclosed. Binance faces international regulatory challenges After being accused by the United States Securities and Exchange Commission (SEC) of potential violations of federal securities laws, Binance faced additional challenges on the regulatory front, extending beyond the United States. The Cyprus arm of t...

Coinbase is moving to gain an advantage in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The crypto exchange has respond ed to the commission’s request for an additional 120 days to reply to its rulemaking petition by filing a solid response in the U.S. Court of Appeals for the Third Circuit. Paul Grewal, Coinbase’s Chief Legal Officer, announced the filing, emphasizing that the crypto exchange cannot wait until next week’s deadline to address the SEC’s indecisiveness in response to the previous court order. According to Grewal, it is highly unusual for the government to ignore a direct inquiry from a federal court. We couldn't wait until our deadline next week to address the SEC's response to the June 6 order from the Third Circuit. It is unusual for the government to defy a direct question from a federal court. But the SEC’s evasive response goes further, as we set out today. 1/5 pic.twitter.com/ssULmUpzi2 ...

Also Read: Chinese Securities Once Backed the World’s Largest Stablecoin USDT: Bloomberg\ advertisement Meanwhile, the Crypto Market showed very little negative reaction to the back to back lawsuits, amid a prolonged slump in asset prices following the US regional banking crisis news. Judge Jennifer Rearden Replaced In Coinbase Lawsuit Judge Jennifer Rearden has been replaced by Judge Katherine Polk Failla in the SEC Coinbase lawsuit, who had previously overseen another crypto lawsuit, involving Tether and Bitfinex. However, there seems to be no particular reason as to why the Judge was replaced, according to MetaLawMan. This past experience is said to be benefiting the new judge as she would be familiar with the crypto terminology. A tweet by the MetaLawMan account said, “A new judge has been assigned to the SEC Vs Coinbase case in New York federal court, to replace rookie Judge Jennifer Rearden. The new Judge assigned is Katherine Polk Fai...