The U.S. Securities and Exchange Commission (SEC) has taken legal action against Chicago-based Cumberland DRW LLC, accusing the firm of operating as an unregistered dealer in cryptocurrency assets. Cumberland allegedly handled over $2 billion worth of crypto assets, which the SEC considers securities, without registering as required by federal securities
The cryptocurrency market is buzzing with activity, with select projects stealing the spotlight. Ethereum is caught in a challenging bearish grip, while Tron is riding a wave of bullish energy. The talk of the town is undoubtedly BlockDAG! Its presale is making waves, raking in a colossal $10 million from
SUI, having recently achieved a new all-time high (ATH) of $2.18, finds itself at a critical juncture as the bullish momentum that propelled it to this peak shows signs of waning. This shift in market dynamics has raised concerns among investors about the potential for a significant price correction, with
Sonic SVM, a Solana-based blockchain gaming Layer-2 infrastructure firm, has developed the first Web3 game with an embedded wallet on TikTok, the world’s most popular video sharing app. With the help of its embedded wallet, the new game SonicX makes it easier for TikTok users to get started and introduces them to
Bitcoin and Cardano’s holders are optimistic that the ongoing positive market sentiment will push prices higher, with many closely watching a potential Bitcoin all-time high (ATH) and promising Cardano (ADA) price predictions. However, while these established cryptos see steady momentum, new projects like BlockDAG are rapidly capturing attention, pulling ahead
Ripple has launched new crypto custody services aimed at helping banks and fintech firms store digital assets. Announced on Thursday, the services are part of the company’s Ripple Custody division, offering features such as integration with Ripple’s XRP Ledger blockchain, enhanced anti-money laundering (AML) monitoring, and an improved user interface.
The U.S. Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), and Department of Justice (DOJ) have filed lawsuits against Gotbit Consulting, ZM Quant Investment, CLS Global, and several individuals for market manipulation and fraud. The charges primarily involve practices like wash trading, where fake transactions were used to
Littio, a Colombian Neobank focusing on tackling the currency depreciation issue for Latin Americans via different dollar-based product offerings, has begun leveraging OpenTrade’s real-world asset (RWA)-backed yield vaults, or “Yield Pots,” via the Avalanche blockchain network. Littio provides clients with yield-bearing savings pots via OpenTrade, with returns guaranteed by US
The United States Federal Bureau of Investigation (FBI) created its own cryptocurrency, “NexFundAI,” operated on the Ethereum blockchain. The FBI initiated the token to capture the attention of market manipulators and illicit activities in the cryptocurrency market. Besides, the federal prosecutors in Boston announced charges against eighteen individuals and entities
In a groundbreaking move for the agricultural and food sectors, global superfood distributor Nigella has launched a decentralized, secure, and scalable network aimed at enhancing transparency, reliability, and traceability. As consumers increasingly demand to know the origins of their food, Nigella Chain stands at the forefront, offering innovative solutions that
