© Reuters. The U.S. Securities and Exchange Commission (SEC) is pressing ahead with its legal battle against cryptocurrency exchange Binance Holdings Ltd., citing a recent settlement by the Department of Justice (DOJ) in support of his allegations. The SEC’s firm stance comes after Binance reached a significant settlement with the US authorities. In June, the […]
© Reuters. LayerX Capital, a digital asset management company, reported a significant loss of $10.4 million after transferring 3.62 million MATIC tokens to cryptocurrency exchange Binance. The transfer took place at a rate of $0.91 per token, significantly lower than their initial acquisition price of $2.10 from prominent crypto market players Wintermute Trading and Binance. […]
© Reuters The US Department of Justice (DOJ) has significantly increased its oversight of Binance, the world’s largest cryptocurrency exchange, with recently unsealed filings requiring strict compliance with financial regulations . The move marks a new chapter of strict government oversight of the cryptocurrency industry. The enforcement actions, called a “compliance tsunami” by industry observers, […]
© Reuters In light of the recent volatility in Dogecoin’s price, a prominent advocate of the cryptocurrency has issued a warning about fraudulent schemes. Mishaboar, a prominent Dogecoin advocate, has raised concerns about new tokens that are exploiting Dogecoin’s brand to mislead investors with “pump and dump” tactics and long-term dumping strategies. potential limit. Mishaboar’s […]
© Reuters Charles Hoskinson, a prominent figure in the cryptocurrency industry, recently emphasized the need for Bitcoin to evolve beyond its current technology to remain competitive. He pointed out Bitcoin’s historical importance but emphasized that technological advances are crucial to its continued relevance in the cryptocurrency space. Hoskinson drew parallels between Bitcoin’s current market position […]
Crypto Rover (@rovercrc), a recognized voice in the cryptocurrency community, raised a warning flag for investors today. In a tweet, they highlighted a significant risk emerging in the market: if the price of Bitcoin drops to $42,800, it could trigger the liquidation of long positions worth around $400 million. This warning comes as Bitcoin experiences […]
© Reuters GLOBAL – Binance, one of the world’s leading cryptocurrency exchanges, has announced it has successfully passed a SOC 2 Type II compliance audit. This is done by the auditing company A-LIGN. A SOC 2 Type II audit is a rigorous assessment that evaluates a company’s data security measures over time. This achievement builds […]
© Reuters Coinbase (NASDAQ:) CEO Brian Armstrong has spoken out strongly against the proposed Digital Asset Anti-Money Laundering Act, warning that it could stifle economic opportunities for younger generations. His criticism comes amid ongoing debates over cryptocurrency regulation in the United States, as lawmakers grapple with the potential risks and rewards of the technology. Armstrong’s […]
© Reuters WORLDWIDE – K33 research analysts have predicted the likelihood of spot Bitcoin Exchange Traded Fund (ETF) approval on January 10, 2024. This forecast is based on recent updates in the ETF and Bitcoin’s current price stands at $43,876. Anticipation of ETF approval is contributing to today’s positive market outlook. The growing institutional interest […]
© Reuters NEW YORK – saw a significant rally today, reaching a high of $44,200 on Bitstamp during the first hour of US trading. The leading cryptocurrency then stabilized at around $43,945. This surge has had a significant impact on the cryptocurrency market, leading to over $160 million in liquidations. Short positions bore the brunt […]