The recent exclusive report by The Wall Street Journal sheds light on the shady practices happening at Binance, the largest crypto exchange in the world. The allegations suggest that the head of Binance’s market surveillance team was fired for raising concerns about potential market manipulation by a high-profile client. This client, DWF Labs, was found
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Bitcoin price movements have long been influenced by the actions of large investors known as whales. These whales, who hold significant amounts of Bitcoin, have been key players in driving up the price of the cryptocurrency. However, recent data from IntoTheBlock indicates a decline in whale accumulation volumes. This decline is particularly alarming given that
The recent surge of Trump MAGA Base token in the cryptocurrency market has caught the attention of many investors. The token saw an impressive 24-hour change of +23,246%, reaching a market price of $0.00399. Although the initial launch of the token resulted in a significant spike in price and trading volume, a subsequent sell-off caused
In a recent development, US lawmakers have put forth a new bill called the Blockchain Integrity Act, with the primary aim of halting financial institutions from engaging in transactions involving funds that have passed through crypto mixers. The bill was introduced by Congressman Sean Casten and has garnered support from Representatives Bill Foster, Brad Sherman,
The crypto market has been experiencing significant turbulence lately, prompting Benjamin Cowen, the founder and CEO of Into The Cryptoverse, to share his insights on the recent downtrend observed in the Ethereum/Bitcoin (ETH/BTC) pair. Cowen’s analysis delves into the intricate relationship between the pricing of Ethereum and Bitcoin, shedding light on the potential for further
With the cryptocurrency market constantly evolving, it is essential for investors to stay updated on the latest trends and opportunities. Recently, analytics firm Santiment has provided insights into the Relative Strength Index (RSI) of some of the top coins in the market. This information can be crucial for investors looking to capitalize on the current
Coincheck, one of the largest crypto exchanges in Japan, is planning to go public in the United States via a partnership with a special purpose acquisition company (SPAC). This move will make Coincheck one of the two publicly listed exchanges in the US, alongside Coinbase. The company aims to complete its listing on the Nasdaq
The recent lackluster performance of Bitcoin has not gone unnoticed by institutional investors. Data shows that institutional investors have been feeling bearish about the flagship cryptocurrency, leading to significant outflows from Bitcoin investment products. CoinShares reported that Bitcoin investment funds experienced a massive outflow of $284 million last week. The majority of these outflows were
APhone, a prominent provider of cloud-based infrastructure, has recently joined forces with the NFT marketplace Magic Eden to offer their highly coveted Access Pass. This pass not only provides users with entry to the APhone virtual smartphone app but also includes a range of exclusive benefits. APhone’s cloud-based infrastructure, driven by Aethir, is a standout
The digital asset investment products sector has experienced significant outflows for the fourth consecutive week, amounting to a total of $251 million. This marks a concerning trend in the market, indicating a lack of investor confidence in the short term. The outflows are particularly noteworthy as they are the first “measurable outflows” from newly issued
Coinbase’s chief legal officer, Paul Grewal, recently made a bold statement calling out US SEC Chair, Gary Gensler, for allegedly misleading the market about the legal status of cryptocurrencies. Grewal pointed out that Gensler’s claims about certain digital assets being classified as securities are false, as the SEC’s own lawyers have previously acknowledged that cryptocurrencies
In the volatile world of meme coins, Aqua Cat on SOL has made a splash with a staggering 33,895% overnight price increase. This unique cat-themed coin stands out from the crowd by actually being a lovable sea-otter masquerading as a cat in the high-octane Solana meme coin market. Trading at a market price of $0.000910
After their much-anticipated launch on April 30, Hong Kong’s Bitcoin ETFs faced their first setback with the China Asset Management Bitcoin ETF experiencing its first cumulative daily outflow on Monday. The outflow amounted to $4.9 million according to Farside data, while other Hong Kong-based products remained stagnant. Despite garnering $262 million in assets under management
Bitcoin (BTC) has recently had a slowdown in price after bouncing back above the $60,000 mark. This lackluster movement is believed to be a result of decreased demand for Spot Bitcoin ETFs. While these ETFs initially saw billions of dollars in net inflows in the first quarter after launch, the demand has since declined. Research
The CEO of Binance, Richard Teng, has publicly spoken out against the detention of Tigran Gambaryan, an executive of the exchange, in Nigeria. Teng expressed his concerns in a blog post, stating that Gambaryan’s detainment was unjust and could potentially set a dangerous precedent for companies worldwide. It is alarming to invite a company’s employee
Fantasy Top is a groundbreaking crypto-based fantasy football-style game that has taken the world by storm. Operating on the Blast network, the game revolves around popular crypto influencers and their real-world social media engagement. Players are tasked with creating lineups of influencer NFT trading cards to compete against each other. The innovative aspect of this
Ethereum, like many other cryptocurrencies, has been navigating through a bearish market recently. However, while the price of Ethereum has shown a slight increase, there is an underlying trend that is significantly affecting the altcoin’s economic model. The burn rate of Ethereum’s ETH has hit an annual low in April, primarily due to a decrease
Cardano has recently shown signs of recovery from its April lows, with the price maintaining a strong momentum above $0.45. While some investors are optimistic about the altcoin going on a rally from here, not everyone shares the same sentiment. One crypto analyst, known as ‘More Crypto Online’, has expressed his belief that the ADA
Cryptocurrency analyst and trader Rekt Capital has recently brought attention to an intriguing discovery regarding Bitcoin’s price trend. His analysis suggests that the current price action of Bitcoin is closely mirroring historical patterns from a bull cycle that occurred eight years ago. According to Rekt Capital, the resemblance of Bitcoin’s current price trend to that
Amid the Securities and Exchange Commission’s recent crackdown on crypto firms, Bitwise Investments CIO Matt Hougan suggested that the regulatory environment may be inadvertently giving US crypto exchange Coinbase an unfair advantage. In a social media post, Hougan pointed out that the current regulatory challenges create an “artificial moat” for Coinbase, potentially allowing the platform
Robinhood’s crypto division recently received a Wells Notice from the US Securities and Exchange Commission (SEC), signaling that the Commission staff had been investigating Robinhood’s cryptocurrency listings, custody of cryptocurrencies, and platform operations. The chief legal officer at Robinhood Markets expressed disappointment with the SEC’s decision, emphasizing that the assets listed on their platform are
Robinhood Markets Inc. has found itself in hot water with the Securities and Exchange Commission (SEC) after receiving a Wells Notice on May 4. The notice indicated that the SEC staff was considering recommending legal action against the company for alleged violations of Sections 15(a) and 17A of the Securities Exchange Act of 1934. This
Investing in the crypto market can be both exciting and nerve-wracking. The recent drop in the price of FRIEND token, the cryptocurrency for the decentralized social media platform Friend.tech, serves as a reminder of the volatility of the market. With a sudden hit of 4.3% in just one hour, investors are seeing firsthand how quickly
In recent years, there has been a significant increase in interest surrounding metaverse commerce, which involves the selling of physical goods through virtual platforms. This concept has recently garnered even more attention with the announcement of retail giant Walmart’s decision to sell products on the popular gaming platform, Roblox. Before delving into Walmart’s strategic move,
Blockchain analytics company Elliptic recently released groundbreaking research that showcases the potential of artificial intelligence (AI) in detecting money laundering in Bitcoin. By collaborating with researchers from the MIT-IBM Watson AI Lab, Elliptic was able to successfully identify illicit proceeds, uncover new patterns of money laundering transactions, and pinpoint previously unknown illegal wallets using a
A recent class-action lawsuit has been filed against Coinbase Global, its subsidiaries, and CEO, Brian Armstrong. The lawsuit claims that several digital assets listed on Coinbase are actually securities, violating state securities laws. This legal battle raises questions about the transparency and compliance of the popular cryptocurrency exchange. The plaintiffs in the lawsuit argue that
The surge in popularity of meme coins in the cryptocurrency market has sparked concerns among industry experts. Chris Dixon, a general partner at Andreessen Horowitz (a16z), has criticized the US regulatory system for allowing meme coins to flourish while legitimate cryptocurrency companies and blockchain projects face regulatory hurdles. Dixon highlights the speculative nature of meme