Crypto News
Bitcoin Could Plunge Further Toward $80K—Or Much Lower, Experts Say
As the price of Bitcoin hovers at a three-month low, an investment bank analyst and noted entrepreneur warned that more pain lurks ahead.Source link
SEC Drops Investigation Into Uniswap, Will Not File Enforcement Action
The U.S. Securities and Exchange Commission (SEC) has dropped its investigation into Uniswap Labs, the Brooklyn-based company behind the decentralized protocol of the same name, according to a Tuesday announcement from Uniswap.Uniswap received a Wells notice — essentially, a heads-up from the regulator informing respondents of the charges the SEC is planning to bring against them — last April, accusing the decentralized exchange of operating as an unregistered securities broker and unregistered securities exchange, and of issuing an unregistered security. In subsequent blog posts and social media posts, the company and its executives defended the legality of Uniswap’s operations and pledged to fight the pending charges.The company celebrated the SEC’s decision to drop the charges, calling it a “huge win for DeFi”...
Ethereum DeFi Exchange Uniswap Says SEC Has Dropped Its Investigation
Uniswap's creator says that the SEC is closing its investigation without enforcement action, mirroring recent OpenSea and Robinhood moves.Source link
Peter Schiff Rips Michael Saylor’s Bitcoin Boldness, Slams Strategy and BTC Investors
As bitcoin dipped on Monday and into Tuesday, Peter Schiff—a vocal economic pundit and longtime BTC skeptic—leveraged the digital asset’s decline to lob a critique at Strategy’s Michael Saylor and the cryptocurrency’s volatility. Schiff Goes After Saylor’s Bitcoin Moves Schiff, whose disdain for bitcoin is well-documented, framed the moment as a poetic rebuttal to itsSource link
Bybit Declares ‘War on Lazarus’ as it Crowdsources Effort to Freeze Stolen Funds
Hacked cryptocurrency exchange Bybit has declared a “war against Lazarus” and launched a new website tracking the group’s wallet addresses, hoping to crowdsource the investigative efforts. In return for submissions that lead to frozen funds, the exchange is offering 5% of what gets frozen.The declaration of “war” came from Bybit’s CEO, Ben Zhou, in a social media post in which he noted the firm was launching the first “first bounty site that shows aggregated full transparency on the sanctioned Lazarus money laundering activities.”Read more: North Korean Hackers Were Behind Crypto's Largest 'Theft of All Time'Zhou wrote that users can connect their wallets to the newly launched website to help trace the stolen funds, adding that when a submission leads to...