Reports indicate that the US Department of Justice (DOJ) has entrusted the international consultant company Forensic Risk Alliance (FRA) to oversee Binance’s compliance with regulatory mandates for the next three years. As part of its November 2023 plea bargain, Binance admitted to federal accusations of money laundering and paid a
Bitcoin’s ride continues as the cryptocurrency market experiences sharp turbulence. After soaring to almost $63,500 on May 10th, Bitcoin suddenly nosedived by over $2,000 within some hours. This rapid and unexpected drop has rattled investors, raising concerns and leading to the liquidation of approximately $132.58 million worth of long positions.
Disclosures from major institutions and banks regarding their investments in spot Bitcoin ETFs have emerged after the first quarter ended. Noteworthy are the disclosures from industry giants such as JP Morgan and Wells Fargo on Friday. According to data, banking giant JPMorgan Chase holds spot Bitcoin ETFs issued by BlackRock,
Staking will not be a part of the proposed spot ether exchange-traded fund (ETF) from 21Shares and Cathie Wood’s ARK Invest. The “sponsor may, from time to time, stake a portion of the Trust’s assets through one or more trusted Staking Providers.” was a staking component that ArkInvest/21 Shares disclosed
As Retik Finance (RETIK) prepares for its planned exchange listings on May 21, 2024, the excitement around the return of a bullish market attitude has reached a fever pitch. As investors keep an eye on market dynamics, the news of Retik Finance’s impending listings has sparked speculation and anticipation. Questions
No one in the cryptocurrency world is taking the US SEC’s regulatory actions regarding the industry’s future lightly. The chairman of the SEC has been the target of criticism from billionaire Mark Cuban, who claims that the chair has failed miserably in his duty to safeguard investors against fraud. Mark
Toncoin (TON) has emerged as a standout performer in the cryptocurrency market, defying bearish trends to surge by an impressive 198% since the start of the year, reaching new highs around $7.2. Despite a bearish trend since April 11, TON’s price surged by 9.7% in the last 24 hours, rising
Multiple recent operational outages on the Zilliqa network have affected mainnet block production. Nevertheless, the network is fully operational again as of May 10th, and the reason for this is still being investigated. After brief interruptions to block production on mainnet, Zilliqa informed the community that the network was back
In-Depth Analysis of VeChain’s Market Prospects Crypto market analyst Ali Martinez has provided a bullish outlook for VeChain (VET), citing the emergence of fractal patterns on the 1-month chart that historically have been precursors to major price increases. These patterns, similar to those observed in late 2018 and mid-2020, suggest
One component of Nigeria’s economic reform package is a recommendation from the International Monetary Fund (IMF) to license international crypto exchanges. A recent report by the International Monetary Fund states that the goal of Nigeria’s effort to include crypto into its financial system is to solidify the country’s position in
