Grayscale, a prominent digital currency investment company, has recently submitted a proposal to the Securities and Exchange Commission (SEC) for a new Ethereum futures exchange-traded fund (ETF). This move aims to list and trade shares of the Grayscale Ethereum Futures Trust (ETH) ETF under the New York Stock Exchange (NYSE) Arca Rule 8.200-E. With this
Recent events have sparked intense debates and scrutiny within the XRP community, shedding light on a series of high-volume XRP transactions conducted by Ripple Labs. Over a span of 19 days, a total of 506 million tokens, valued at approximately $260 million, were transferred in 15 significant transactions. What sets these transactions apart is not
Ripple’s native cryptocurrency, XRP, has reached a significant milestone in terms of adoption. Currently, there are close to 5 million accounts on Ripple’s XRPL, with a total of 58.6 million XRP balances held in these wallets. Notably, the integration of an automated market maker (AMM) and a clawback feature to XRPL has been announced. This
In the fast-paced digital age, businesses must adapt to new ways of connecting with their consumers. Walmart, a retail giant known for its physical presence, recognizes the importance of tapping into virtual spaces to engage with customers. The metaverse, a virtual environment with 3D elements and interactive experiences, presents an exciting opportunity for businesses to
The media circus surrounding Donald Trump’s indictment hasn’t deterred on-chain markets, as meme coins related to Trump and MAGA (Make America Great Again) have experienced significant growth. During the “on-chain summer,” the TRUMP2024 token surged by 10,000%, while the MAGA token skyrocketed by 20,000%. This remarkable growth can be attributed to the increasing interest in
Hong Kong-based cryptocurrency exchange CoinEx has recently disclosed that hackers managed to steal more than $70 million worth of tokens. The exchange’s team is currently conducting an in-depth investigation into the incident while working on developing and implementing a new wallet architecture to restore functionality and compensate affected users. Despite the significant amount stolen, CoinEx
Bitcoin has been capturing the attention of investors and the mainstream media due to its recent price movements. After reaching a local low below $25,000 in September, Bitcoin has been trending upwards. In this article, we will dive into a comprehensive analysis of the Bitcoin market using data from Glassnode, a leading on-chain analytics firm.
The ongoing clash between the Securities and Exchange Commission (SEC) and Binance, the world’s leading cryptocurrency exchange, has led to a flood of requests for additional documentation. In a recent development, the SEC criticized the quality of information provided by Binance and its US arm, expressing dissatisfaction with the mere 250 pages of evidence submitted.
The Securities and Exchange Commission (SEC) has been closely monitoring the cryptocurrency industry, expressing concerns about the lack of regulation. With its view that many cryptocurrencies are securities, subject to federal securities laws, the SEC has taken a tough stance, resulting in increased scrutiny and enforcement actions. However, this has sparked debates about whether the
In a recent turn of events, Mark Scott, the lawyer responsible for laundering $400 million from the infamous OneCoin fraud, has been denied his motion seeking a new trial. This comes despite the acknowledgment that a government witness had perjured themselves during the original trial in 2019. According to Bloomberg’s report on September 18, Scott
The financial landscape is ever-evolving, driven by technological advancements and innovative solutions. FinTech has emerged as a key disruptor, revolutionizing the way we perceive and engage with financial services. The FinTech Festival Asia (FTF) 2023 is set to be Asia’s premier FinTech event, showcasing groundbreaking innovations and emerging trends that will shape the future of
Binance.US, once a leading cryptocurrency exchange in the United States, has experienced a significant decline in its weekly trade volume. From reaching an annual high of nearly $5 billion, the trade volume has plummeted to a mere $40 million, according to data from crypto firm Kaiko. This decline can be attributed to various factors, including
The New York State Department of Financial Services (NYDFS) has recently introduced new requirements for virtual currency business entities operating in the state. These rules, announced on September 18, primarily focus on cryptocurrency delistings. The aim of these regulations is to provide better protection for consumers and ensure the safety and soundness of the market.
The cryptocurrency market has recently witnessed a significant increase in outflows from crypto exchange-traded products (ETPs), indicating a prevailing negative sentiment toward digital assets. These outflows, amounting to $455 million over the past nine weeks, have raised concerns among investors and asset managers alike. This article delves into the reasons behind this trend and explores
Canadian fintech corporation WonderFi, with the backing of billionaire Kevin O’Leary, recently announced a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM. This collaboration aims to enhance Localcoin’s crypto ATM offerings in Canada by integrating Bitbuy’s exchange platform and its reputed “deep liquidity.” About the Partnership Bitbuy, the first cryptocurrency exchange in Canada
The Securities and Exchange Commission’s (SEC) lawsuit against Binance.US on June 5 has sent shockwaves through the cryptocurrency industry, causing Binance Coin (BNB) to experience a tumultuous tumble. Similar to the highly-watched Ripple case, the legal proceedings surrounding Binance are becoming increasingly complex. The latest development involves a dispute over the 220 documents submitted by
The upcoming week holds significant developments, particularly in September. There are three key events that investors should closely monitor. Among these events is a crucial hearing in the ongoing case between the United States Securities and Exchange Commission (SEC) and Binance. The SEC recently accused Binance of failing to provide sufficient documentation for the case,
In a groundbreaking event last week, the Shwe La Min Hospital witnessed the convergence of technology and medicine in the form of a digital surgery. Professionals from Yangon and Paris came together virtually, thanks to the Veyond Connect platform developed by Veyond Metaverse. This initiative aimed to not only bridge physical distances but also redefine
In a recent development, Hong Kong police officers have apprehended Joseph Lam Chok, a prominent crypto influencer, for his involvement in promoting the JPEX crypto platform. Lam Chok’s company, located at the Entertainment building in Central, was raided during the operation. This incident has shed light on the alleged rug-pulling activities of JPEX, leaving numerous
The financial landscape is undergoing significant changes, and the traditional banking system is facing competition from emerging technologies like Bitcoin. Recently, Jordan Peterson, a renowned clinical psychologist and best-selling author, suggested that customers should consider adopting Bitcoin and abandon the banking system. This call to action was prompted by a news report highlighting Macquarie Bank’s
In a major blow to the world of cryptocurrency, Karl Sebastian Greenwood, co-founder of OneCoin and known accomplice of the infamous “Cryptoqueen” Ruja Ignatova, has been sentenced to 20 years in prison. The sentencing comes as a result of their involvement in one of the biggest crypto scam projects in history. Ignatova, who was included
The world of cryptocurrency and celebrity endorsements has collided in a series of high-profile lawsuits and settlements. NFL quarterback Trevor Lawrence, along with YouTube influencers Kevin Paffrath and Tom Nash, has recently agreed to settle a lawsuit related to their endorsement of the now-defunct FTX cryptocurrency exchange. The terms of the settlement remain undisclosed, but
Cryptocurrency users around the world are no strangers to the constant threat of online hacks. Recently, Mark Cuban, a prominent figure in the business world, fell victim to a hack that resulted in the loss of nearly a million dollars from his digital wallet. This incident serves as a stark reminder of the importance of
Binance.US, one of the leading cryptocurrency exchanges in the United States, is undergoing a significant leadership change amidst the rapidly evolving and increasingly hostile regulatory environment. The departure of CEO Brian Shroder has sparked rumors and speculation, prompting Binance CEO Changpeng ‘CZ’ Zhao to address the situation on social media. In this article, we will
The rise of decentralized finance (DeFi) has brought about numerous opportunities for investors in the crypto market. However, with this growth comes the alarming prevalence of market manipulation activities. In Solidus Labs’ latest market manipulation report, shocking findings reveal wash trading worth billions of dollars on Ethereum-based decentralized exchanges (DEXs) since 2020. This article aims
It has been a year since the Merge took place, and the world’s second-largest cryptocurrency, Ethereum, has undergone significant transformations. This article delves into the various changes and developments that Ethereum has experienced since the Merge, shedding light on its progress in a dynamic crypto landscape. Among the noteworthy changes post-Merge, one significant development is
Throughout the past year, Ripple has faced numerous challenges and setbacks, most of which can be traced back to the lawsuit filed against the company by the United States Securities and Exchange Commission (SEC). The allegations made by the SEC, accusing Ripple Labs of conducting an unregistered sale of securities, have significantly impacted the reputation