Bitcoin Wipes a Week of Gains in 20 Minutes
Google Changes Crypto Ads Policy, HTX Sees Massive Outflows After Hack, Decrypt Merges With Rug Radio
Welcome to Coinfeeds Daily Digest! Today we cover a sharp drop in Bitcoin's price that wiped nearly a week of gains in half an hour, Charles Hoskinson accusing the SEC of favoritism for Bitcoin & Ethereum while Cardano and other coins remain ignored, in the dark. He is also calling for clear regulation concerning all crypto. In other news, a warning came towards Binance from ex-SEC chief John Reed Stark, stating that the company's future is in peril amid regulatory scrutiny. Decrypt and Rug Radio, two prominent crypto media companies, are merging to create a global publishing company, and Google's new policy allows crypto ads as the industry awaits spot Bitcoin and Ether ETF decisions.
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Bitcoin Wipes Nearly a Week of Gains in 20 Minutes
The cryptocurrency market experienced a significant shockwave as Bitcoin, the leading digital currency, saw its value plummet in a matter of minutes. The sudden decline erased nearly a week's worth of gains, with Bitcoin's price dropping below the $41,000 mark. | Read More
Google Eases Crypto Ad Policy
The tech giant's policy update now permits ads about cryptocurrency coin trusts to be displayed to its massive user base in the United States. This is a notable shift from Google's previous stance, which was more restrictive towards crypto-related advertising. | Read More
HTX Sees Over $258M Outflows Following Hack
In recent weeks, the cryptocurrency exchange HTX has faced a series of challenges that have shaken the confidence of its users. A significant security exploit has led to a substantial outflow of funds from the platform, with reports indicating that more than $258 million has been withdrawn by investors. | Read More
Decrypt and Rug Radio Merge
The merger is being hailed as a "merger of equals," with both Decrypt and Rug Radio bringing unique offerings to the table. Decrypt is known for its text-based content, providing in-depth articles and analysis on the crypto and Web3 space, whereas Rug Radio has carved out a niche for itself with podcast content. | Read More
Cardano's Hoskinson Accuses SEC Of Favoritism For Bitcoin & Ether
Charles Hoskinson has recently voiced his concerns about the SEC and its approach to cryptocurrencies. Hoskinson's main contention is that the SEC appears to show favoritism towards Bitcoin and Ethereum while other cryptocurrencies, including Cardano, face more stringent scrutiny. | Read More
Ex-SEC Chief: Binance's Future In Peril
John Reed Stark, the ex-SEC chief’s critique focuses on what he perceives as "lax regulatory practices" at Binance, suggesting that the company's current operational model may not withstand the increasing pressure from legal authorities. | Read More