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Search Results for: Cryptocurrency

Ignore Fud (4TOKEN) Escalates in Trend with Major Price Rally

While the never-ending memecoin season continues in the cryptocurrency market, the new novel-based meme token “Ignore Fud (4TOKEN) buzzed Crypto Twitter” with a significant price rally. In the last 24 hours, 4TOKEN’s price climbed more than 25% from $0.0001889 to $0.0002969.  Ignore Fud is a novel meme token on the

May 2, 2023 1 min read

Poloniex Settles Sanctions Violations for $7.59M to U.S Treasury

Poloniex, a cryptocurrency exchange located in Boston, has agreed to pay a staggering $7.59 million. This is to resolve sanction breach accusations with the Office of Foreign Asset Control (OFAC) of the U.S. Treasury Department. A press release from OFAC claims that the exchange violated more than 66,000 different penalties.

May 2, 2023 1 min read

Coinbase Faces Two New Lawsuits Over Insider Info and Biometric Collection

Coinbase (NASDAQ: COIN) officials, including Chairman and CEO Brian Armstrong, have been named in a new lawsuit. It is alleged that they used insider knowledge to profit by $1 billion. During the stock’s public debut two years ago. On Monday, May 1st, the investor filed a lawsuit in Delaware Chancery

May 2, 2023 2 mins read

A “Useless” Memecoin Shot up 7874% In 3 Days, Rivaling PEPE?

In recent times, speculation and hype have undeniably proven to be the prime drivers of the memecoin season 2023. Contending with the viral PEPE coin, a new low-cap memecoin MongCoin (MONG) jumped 7874% in 3 days — from $0.00000000781 (on Apr. 29) to its new ATH at $0.00000006665. As per

May 2, 2023 2 mins read

Largest Ethereum Transaction in 2023 was Detected; Will ETH Enter Bull Zone?

The largest cryptocurrency exchange by daily trading volume, Binance, recently received Ethereum (ETH) tokens worth over $505 million from an unknown wallet. This transaction was recorded as one of the “largest transfers in five years” from self-custody to a crypto exchange.  🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨

May 2, 2023 1 min read

Ripple Releases 1 Billion XRP Worth Around $470M in Circulation

In the action brought forward by the U.S. Securities and Exchange Commission (SEC), Ripple Labs and XRP holders are anxiously awaiting a Summary Judgment. Ripple, however, has released additional XRP into circulation as the day of reckoning draws near. Data shows that in two distinct transactions, Ripple released one billion

May 1, 2023 1 min read

JPMorgan All Set To Acquire Struggling First Republic Bank

First Republic Bank (NYSE: FRC) is being acquired by JPMorgan Chase & Co (JPM.N) after extensive efforts by U.S. authorities to save the bank failed. The FRC will be seized by financial authorities in advance of the sale. However, Citizens Financial Group Inc (CFG.N) and PNC Financial Services Group (PNC.N)

May 1, 2023 1 min read

Binance CEO CZ Warns Justin Sun of Potential Consequences

On Monday, Changpeng “CZ” Zhao, the CEO of Binance, tweeted that the cryptocurrency exchange will take legal action against Justin Sun, the founder of Tron, if he attempts to misappropriate the SUI airdrop offered by Binance Launchpool beginning on May 1.  Our team told Justin, if he uses any of

May 1, 2023 2 mins read

Cathedra Bitcoin Announces Fourth Quarter and Full-Year 2022 Financial Results

TORONTO–(BUSINESS WIRE)–$CBIT #Bitcoin–(Block Height: 787,600) – Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) (“Cathedra” or the “Company”), a Bitcoin company that develops and operates world-class bitcoin mining infrastructure, today announces its fourth quarter and full-year audited financial results for 2022: Fiscal Year 2022 Financial Highlights Revenue from bitcoin mining operations

May 1, 2023 7 mins read