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Coinbase Seeks US Court’s Assistance to Compel SEC on Crypto Rule-Making
22.11.2023
Source: AdobeStock Brian Armstrong-led cryptocurrency exchange Coinbase has again called on the US justice system to persuade the Securities and Exchange Commission (SEC) to provide clear regulatory guidelines on crypto assets. According to the centralized digital asset trading firm,...
Binance’s American VIPs: A Revealing Look at High-Net-Worth Influence Amid DOJ Settlement
22.11.2023
On Tuesday, charges against crypto exchange titan Binance Holdings Limited were revealed by the U.S. Department of Justice (DOJ), which reached a significant $4.316 billion settlement with the world’s largest crypto exchange for noncompliance with anti-money laundering (AML) laws. Despite Binance’s...
BCB Group CEO Steps Down Following Exit By Fellow Executives
22.11.2023
Crypto banking firm, BCB Group, announced the departure of CEO Oliver von Landsberg-Sadie today following the exits of two other executives, according to a company email sent Wednesday. A number of notable clientele BCB Group was originally founded by von Landsberg-Sadie and Oliver Tonkin as...
Genesis Alleges Multi-Million Dollar Preferential Transfers by Gemini Amidst Crypto Turmoil
22.11.2023
In a recent legal move, Digital Currency Group’s (DCG) subsidiary Genesis Global Capital LLC has filed a complaint against the crypto exchange platform and custodian Gemini. Genesis hopes to claw back $689 million from the centralized crypto trading platform founded by Cameron and Tyler Winklevoss...
Mt. Gox Creditors to Receive Bitcoin Payments Starting 2023 Based on Rehabilitation Plan
22.11.2023
A decade after the Mt. Gox crypto hack, creditors have been informed of a repayment plan beginning in 2023. Image by 24K-Production, Adobe Stock. Nearly a decade after the collapse of the Mt. Gox cryptocurrency exchange, creditors may finally receive some relief. In an email sent to rehabilitation...
Crypto Experts are Accumulating This AI Crypto Before it Lists on Exchanges – How Does it Work?
22.11.2023
Crypto experts are accumulating YPRED, an AI crypto token offering trading analytics, ahead of exchange listings. Image by Fareed Mindalano, DALL-E. With cryptocurrency trading ruled by FOMO, FUD, and misinformation, yPredict strives to override the noise by revealing statistical market realities...
Heco Chain, HTX Hit by $100M Hack, Justin Sun Says Exchange Will Cover All Losses
22.11.2023
A recent hack drained $100 million worth of crypto from Heco Chain and HTX exchange. Image by Cihangir Stock, Adobe Stock. Cryptocurrency exchange HTX and blockchain protocol Heco Chain were exploited on Wednesday in a hack totaling $97 million worth of digital tokens, according to Justin Sun,...
BNB Plummets as Changpeng Zhao Resigns Amid AML Charges
22.11.2023
Binance’s BNB is currently exchanging hands at $235.24, a slip of 9.70% at the time of drafting this article. This further represents a fall of 4.32% in the last week. While it is normal for volatility to factor in and affect the prices of cryptocurrencies, the situation in the case of BNB...
Bitcoin Technical Analysis: BTC Holds Steady After Binance Settlement and Fed Minutes
22.11.2023
The price of bitcoin is coasting along under the $37K range following the recent settlement between the U.S. Department of Justice (DOJ) and Binance. At the same time, the U.S. Federal Reserve’s minutes were released on Tuesday showing no signs of any possible rate cuts or monetary easing....
Suspicious Wallet Activity Indicates $110 Million Drain from HECO Bridge and HTX Exchange – What’s Going On?
22.11.2023
Blockchain security firms detect suspicious activity on HECO bridge and HTX with initial losses estimated at $110 million weeks after $100 million was drained from Poloniex. According to data from Cyver Alerts, a suspicious address has received $12 million from HTX cryptocurrency exchange followed...
Is the Solana bull market coming to an end?
22.11.2023
Solana is a popular cryptocurrency that is currently trading at $54.56 with a trading volume of $2,527,267,755. The cryptocurrency is down by almost 2.3% in the last 24 hours and ranks #7 with a market capitalization of $23,053,287,862. It has an infinite maximum supply and a circulating supply...
KuCoin introduces KuCard, a crypto debit card
22.11.2023
KuCoin has launched KuCard, a payment method that allows holders of cryptocurrencies to transact using their digital tokens. The initial operation is restricted to the EEA section, an acronym for the European Economic Area. KuCard will first support the EUR-USDT conversion for payment, thereby...
Africa-Focused Crypto Exchange Yellow Card Bags Africa’s ‘Disrupter of the Year’ Award
22.11.2023
Yellow Card, the Africa-focused crypto exchange, recently won the African financial industry’s 2023 “Disrupter of the Year” award. The crypto exchange’s CEO described the award as a recognition of Yellow Card’s role in “solving important, practical problems...
Shiba Inu Price Prediction as Technical Analysis Shows Downward Trend Since August 2022 – Is a Breakout Possible?
22.11.2023
The Shiba Inu price has dropped by 5% in the past 24 hours, with its fall to $0.00000794 coming as the cryptocurrency market as a whole suffers a 2% loss today. SHIB is now down by 6% in the past week, and while it remains up by 10% in the last 30 days, it has […]
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New Binance CEO Richard Teng pitches 'very strong' foundation to skeptics
22.11.2023
Teng’s tenure will focus on three aspects of the business as the CEO — reinstating investor confidence, collaborating with regulators and driving Web3 adoption, he said
Lightspark’s CEO David Marcus Recognizes Current Non-Custodial Lightning Network Solutions Imply ‘Some Form of Compromise’
22.11.2023
David Marcus, co-founder and CEO of Lightspark, an institutional Lightning Network (LN) payment solutions provider, referred to the state of custodial and non-custodial transactions on the network. While Marcus believes that custodial LN for institutions is ready for prime time, he acknowledged...
Scrutiny of Several Altcoins Intensifies in South Korean Crypto Community
22.11.2023
Source: Enjin In South Korea, the cryptocurrency community is calling for stronger reporting standards and a more rigorous regulatory framework as multiple virtual assets encounter delistings and circulation discrepancies, according to Digital Today. The push for enhanced oversight follows a series...
Genesis Files Lawsuit Against Former Business Partner Gemini Trust, Seeking to Recover $689 Million
22.11.2023
Source: AdobeStock / Timon Crypto lender Genesis Global Capital has taken legal action against cryptocurrency exchange Gemini Trust in an attempt to reclaim over $689 million. The lawsuit was filed in the US Bankruptcy Court for the Southern District of New York on Tuesday, alleging that Gemini...
Binance announces reaching resolution with the US regulators
22.11.2023
Binance has announced that it is reaching a resolution with US regulators. The issues in question pertain to compliance, registration, and sanctions. Authorities involved in the case are the Office of Foreign Assets Control, the Commodity Futures Trading Commission, the US Department of Justice...
Mt. Gox creditors offered fresh hope with new ‘commencement of repayment’ email
22.11.2023
The Mt. Gox trustee announced the redemption of $47 million in trust assets amid social media reports suggesting repayment to creditors could start in 2023