Bitcoin News in Brief – Edition 153
Bitcoin’s Price Breaks Above $23,000
Bitcoin’s price has surged above $23,000 for the first time since June 2022. The rally comes amid growing optimism in the cryptocurrency market, fueled by the release of positive economic data and the passage of regulatory legislation in some countries.
SEC Charges Do Kwon with Defrauding Investors
The US Securities and Exchange Commission (SEC) has charged Do Kwon, the founder of the collapsed Terra stablecoin project, with defrauding investors. The SEC alleges that Kwon misled investors through repeated false statements about the stability of Terra and Luna, the project’s native token.
Binance Announces US Regulatory Probe
The Binance cryptocurrency exchange has announced that it is being investigated by US regulators for potential antitrust violations. The investigation focuses on Binance’s dominance in the digital asset market and its potential to stifle competition.
Ethereum’s Shanghai Upgrade Goes Live
Ethereum’s Shanghai upgrade has gone live, allowing users to withdraw their staked ETH from the Beacon Chain after almost two years. The upgrade is seen as a major milestone for Ethereum, which is transitioning from a proof-of-work to a proof-of-stake consensus mechanism.
Coinbase Drops Staking Rewards for Solana
Coinbase has announced that it will no longer offer staking rewards for the Solana cryptocurrency. The decision comes as Solana has been plagued by network outages and security concerns, which have raised doubts about its long-term viability.
New York Regulators Issue Guidance on Crypto Licensing
The New York State Department of Financial Services has issued new guidance on cryptocurrency licensing. The guidance provides clarity on the requirements for companies seeking to operate digital asset businesses in New York, including anti-money laundering and consumer protection measures.
Brazilian Senator Proposes Bitcoin Legalization Bill
A Brazilian senator has proposed a bill that would legalize Bitcoin as a form of payment in the country. The bill aims to reduce fraud, increase transparency, and promote economic growth through the adoption of digital assets.
Circle Launches Euro-Backed Stablecoin
Circle, the issuer of the USDC stablecoin, has launched a new Euro-backed stablecoin called EUROC. The stablecoin is designed to provide European users with a convenient and stable way to store and transact in Euros on the blockchain.
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