In order to settle U.S SEC accusations related to the 2021 launch of an exchange-traded fund (ETF) centered on social media, VanEck agreed to pay a fine of $1.75 million. A civil penalty was levied on the investment advisor by the SEC. In a statement issued on February 16th, the
Coinbase is contributing $3.6 million to Bitcoin supporting non-profit Brink as it closes GiveCrypto, an organization that distributed cryptocurrency to those in need. The campaign was announced to be ending in December by the exchange, who said it had failed to have a lasting effect. Coinbase did not disclose how
In the unpredictable world of cryptocurrency trading, success stories frequently arise from unexpected quarters. January bore witness to an extraordinary achievement as a trader transformed a modest $50k investment into an astounding $800k, courtesy of the meteoric ascent of leading Solana meme coins such as Bonk (BONK), Dogwifhat (WIF), and
Solana, one of the fastest-growing layer 1 blockchain networks, has seen immense adoption from developers and investors alike. However, high network congestion and soaring gas fees continue to plague the network. In response, three Solana insiders have turned to an emerging project – Retik Finance (RETIK) – investing a combined
A crypto trader has made waves in the market, turning an initial $50,000 investment into over $1 million in profits with the explosive growth of the meme coin Shiba Inu (SHIB). Now, he is setting his sights on another potential moonshot with the new project Retik Finance (RETIK). The anonymous
Yuga Labs is rapidly expanding in the NFT sector with strategic moves. The Moonbirds-renowned Proof, a competitor in the non-fungible token creation space, was bought out by the corporation. Yuga Labs CEO Daniel Alegre stated: “As a company committed to championing art, culture, and community on the blockchain, we’re excited
The renowned financial educator and prominent author of “Rich Dad Poor Dad” Robert Kiyosaki has spoken out against the Federal Reserve of the U.S and yet again advocated for other potential investments including Bitcoin, gold, and silver. Because of his belief that the practices of the United States central bank
Creditors of the defunct FTX exchange have taken legal action by suing the law firm managing the bankruptcy case in a class-action lawsuit. Creditors of FTX claimed in a court document dated February 16 that Sullivan & Cromwell, or S&C, “actively” took part in the “FTX Group’s multibillion dollar fraud,”
The approval of Bitcoin ETFs has caused them to gain a great deal of interest. When compared to other recently introduced ETFs, Blackrock’s performance stands head and shoulders above the competition, with the most assets under management and net inflows. Market players are now expecting bigger inflows this year due
Binance Holdings Ltd., a major cryptocurrency exchange, faces significant legal repercussions in the United States. US prosecutors are strongly advocating for a federal judge in Seattle to approve a plea deal with Binance, which has admitted to serious violations including anti-money laundering and sanctions breaches. The plea deal involves Binance
