CoinNews – DC Trading Academy

Do Kwon out on bail under house arrest after successful appeal

Terra LUNA co-founder Do Kwon successfully appealed against the prosecution’s request to keep him in custody, and is out on bail as of June 5. The Podriga Basic court overseeing the case granted the bail request and accepted the initial amount of $400,000. The high court had previously annulled the bail on May 18 after […]

Binance.US deems SEC lawsuit ‘baseless’; plans to defend self

Binance.US, the United States subsidiary of the embattled Binance exchange, described the Securities and Exchange Commission’s (SEC) lawsuit against its platform as “baseless.” In a June 5 statement, Binance.US said the lawsuit was the latest example of the financial regulator’s regulation-by-enforcement approach towards the crypto industry. According to the exchange, the SEC “seeks a near […]

Liquidations surpass $200M in 1 hour after SEC’s Binance lawsuit

The U.S. Securities and Exchange’s (SEC) lawsuit against Binance wiped off over $200 million within one hour from crypto traders who held positions on the market. Following the news, CryptoSlate’s data showed that the total market cap of digital assets declined 2.87% to $1.12 trillion. Nearly $300M in the last 24 hours The crypto […]

Bitcoin Retail Demand Will Continue to Remain Strong before Halving

JPMorgan analysts believe that retail investors resolve to accumulate Bitcoins will only go stronger as we approach close to the next halving in mid-2024. After a strong start to the year 2023, Bitcoin (BTC) has been facing some selling pressure over the last few weeks. Over the last 24 hours, the BTC price has tanked […]

UBS to Complete Acquisition of Credit Suisse by Mid-Month

As part of a government-backed rescue plan earlier this year as well as a bid to prevent any financial market instability, UBS acquired Credit Suisse in a $3.2 billion deal. The long-awaited conclusion of the Credit Suisse Group AG (SWX: CSGN) acquisition by investment banking giant UBS Group AG (SWX: UBSG) may happen “as early […]

Are Web3 apps under scrutiny?

The rise of Web3 apps, or decentralized applications (dApps), has been nothing short of a journey in recent years. From blockchain-based social media platforms to non-fungible tokens (NFTs), the Web3 ecosystem has definitely started moving in a positive direction. However, as great as the positives are, there have been some bumps on the road and […]

The blockchain and AI bond, explained

Blockchain technology can improve data integrity, allow for secure data cooperation and sharing, make tokenization and incentives easier, and support decentralized AI governance, all of which can make AI systems more reliable and open. Enhanced data integrity The immutability and transparency that blockchain technology possesses by its very nature can improve the integrity of data […]

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