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Amazon Web Services Outage Disrupts Services, but Ethereum Network Stays Strong
Amazon Web Services (AWS) suffered a brief disruption of about three hours, leading to disturbances on multiple websites and services. Surprisingly, the Ethereum network remained unaffected during this outage, despite its huge dependence on AWS hosting. However, many observers suggest... -
Rivian to Lose Its Position in Nasdaq 100 Index as Stock Price Crashes
The Nasdaq has confirmed that startup EV (electric vehicle) company Rivian (NYSE: RIVN) would lose its position in the coveted Nasdaq 100 Index and would be replaced by ON Semiconductors. The Nasdaq 100 is a market cap-weighted index and decides... -
US Lawmakers Set to Fire SEC Head Gary Gensler through ‘SEC Stabilization Act’
US House of Representatives member Warren Davidson has introduced the Securities and Exchange Commission (SEC) Stabilization Act, which incorporates provisions for the removal of Gary Gensler as chairman. Rep Members File "SEC Stabilization Act" to Restructure the Commission Warren Davidson... -
Ex-SEC Official Warns of Criminal Charges Against Binance Amid Regulatory Scrutiny in Crypto Sector
According to former Securities and Exchange Commission (SEC) official John Reed Stark, the U.S. Department of Justice (DOJ) may file criminal charges against Binance. Stark, who previously served in the SEC Enforcement Division, expressed his thoughts on Twitter. He highlighted... -
a16z Expands Operations to London, Citing a Predictable Crypto Environment
Andreessen Horowitz (a16z), a venture capital firm based in the United States, has recently revealed plans to establish a crypto office in London. The decision to expand to the UK is attributed to the region's "predictable business environment." Expanding Horizons:... -
Tesla Stock Short-Sellers Lose Billions Yet Again Amid Splendid Rally
Tesla stock (NYSE: TSLA) has more than doubled this year and has closed with gains for 11 consecutive sessions leading to massive losses for those who were short on the Elon Musk-run company. According to data from S3 Partners, amid... -
Lawmakers Criticize SEC’s Enforcement Approach, Call for Crypto Regulatory Framework
Lawmakers are expressing dissatisfaction with how the SEC regulates the crypto industry. They believe the recent action against Coinbase and Binance shows that the SEC is ignoring Congress, which is working on creating rules for cryptocurrencies. The situation highlights the... -
Crypto Custodian BitGo to Acquire Rival Prime Trust for Global Expansion
The US-based crypto custodian firm BitGo has signed a letter of intent to acquire Prime Trust, another US-based rival firm. BitGo announced that the acquisition of Prime Trust would make it the first digital asset provider to offer a complete... -
UK Watchdog, FCA, Sets Tougher Rules for Crypto Advertisers and Bans Referral Bonuses
The Financial Conduct Authority (FCA) has announced new regulations that compel crypto advertisers in the UK to give first-time investors a "cooling-off period" and scrap referral bonus offerings. Crypto Advertisers Face Tough New FCA Rules in the United Kingdom The... -
Binance Experiences Significant Bitcoin, Ethereum, and Stablecoin Outflows – Over $420 Million Worth of BTC Withdrawn
According to the latest data, Binance, the world's largest cryptocurrency exchange, experienced significant Bitcoin, Ethereum, and stablecoin outflows. Over the past 68 hours, around 15,438 bitcoins, worth more than $420 million, have been withdrawn from the Binance exchange. Binance Faces...
