Binance and its former CEO, Changpeng Zhao (CZ), are facing a new class action lawsuit filed by three crypto investors. The lawsuit alleges that the exchange failed to prevent money laundering, which, in turn, led to the plaintiffs’ inability to recover their stolen assets. The plaintiffs filed this complaint in
As part of its most recent Bitcoin investment strategy, the publicly traded Japanese company Metaplanet has acquired bitcoins valued at 500 million Japanese yen. In the wake of chief executive officer Simon Gerovich’s announcement of Metaplanet’s second Bitcoin acquisition, the stock price surged more than 13% and finished Tuesday at
Solana users have been put on high alert following the discovery of a malicious Chrome extension named “Bull Checker.” This fraudulent extension, pretending to be a helpful tool for crypto traders, has been found to target Solana users. Specifically putting their digital assets at risk. Meow, the pseudonymous founder of
Solana (SOL), the fifth-largest altcoin by market cap, has extended its minimal gains. After a 2.67% spike in the last 24 hours, SOL hit the $148 mark. Despite struggling to $150, the altcoin signals a brief bullish rally for the day surpassing its previous resistance levels. The token opened the
Italian bank, Banca Sella, is gearing ready to provide Bitcoin trading services to its clientele, according to a recent update. Especially in light of the increasing institutional adoption of cryptocurrency, this action has sparked market debates. A number of prominent US banks and state pension funds have recently come clean
The rapid increase in Bitcoin short positions met with a resounding rejection of Sunday’s effort by the price of Bitcoin to break out over $60,000 levels. Bitcoin shorts were active across many exchanges as soon as the price rose above $60,000. 24-hour short volumes surged 118% to over $18.30 billion.
A small but steady $30 million poured into digital asset investment products during the last week. This small number, however, masks a large variation between assets and geographies. Looking at the flows by geography reveals a lot of variation; the United States, Canada, and Brazil all had inflows of $62
Sinohope, a Hong Kong-listed cryptocurrency firm previously Known as Huobi Technology, has announced its intention to acquire Avenir Asset Holding for $30.46 million. The deal was confirmed through an official statement on the Hong Kong Stock Exchange (HKEX). This acquisition marks a significant expansion for Sinohope in the cryptocurrency space.
South Korean employees of the prominent crypto exchange, Upbit, are earning more than their equivalents at major banks. This is due to the booming cryptocurrency market. Recent data from the Financial Supervisory Service (FSS) reveals that the average salaries at Upbit’s operator, Dunamu surged to 133.73 million South Korean won
Global investment giant Goldman Sachs Group, Inc. has lowered the probability of the U.S. entering a recession next year to 20% from its previous estimate of 25%. The firm has expressed increased confidence that the U.S. Federal Reserve will reduce interest rates by 25 basis points at its September policy
