Recent developments in the world of cryptocurrency have seen Russian nationals facing charges for hacking one cryptocurrency exchange and engaging in illicit operations on another. These incidents have sparked concerns regarding the security and integrity of digital currency platforms. The U.S. Department of Justice has released a statement accusing several
In recent statements, Gary Gensler, Chairperson of SEC Securities Exchange Commission, has strongly urged that stricter regulations be put into action within the cryptocurrency market to ensure maximum protection of investors from potential risks. Gensler emphasized the importance of regulatory oversight to safeguard investors against potential risks in the cryptocurrency
Currency devaluation and inflationary pressures are only two of the major threats to the Turkish economy in recent years. Despite these setbacks, Bitcoin has managed to garner the interest of influential people like MicroStrategy’s CEO Michael Saylor. To preserve the faltering Turkish regional currencies, he suggests using digital currencies like
Robinhood announced on Friday that it would cease supporting some of the cryptocurrencies it is currently offering on its platform, possibly as a result of the U.S. Securities and Exchange Commission’s (SEC) lawsuits against two of the top crypto exchanges, Binance and Coinbase, recently. In spite of the fact that
On Friday, Whale Alert claimed that 4 trillion Shiba Inu (SHIB) tokens, worth millions of dollars, were transferred from Shiba Staking to Binance, a cryptocurrency exchange. Community members are wondering whether the SHIB price would see another collapse after the big unstaking of Shiba Inu tokens. The Shiba Inu (SHIB)
Cardano (ADA) has emerged as one of the most promising projects in recent years, with its fast-growing decentralized finance (DeFi) that challenges the more established network of Ethereum. This leads to the question what will be the price of Cardano (ADA) in 2030. However, it is worth noting that the
House Republicans and Democrats have collaborated on a draft stablecoin law. This has been produced by the House Financial Services Committee in the United States. On Tuesday, a full hearing by the House Financial Services Committee will provide “clarity” on the structure of the digital asset market. And also the
Last week was quite a rollercoaster ride for the crypto market amidst the SEC’s never-ending turmoil. It had a significant impact on the overall market, and surges in crypto gains became rare. Investors have been on high alert ever since the allegations. The DeFi market is no exception. The current
Coinbase’s credit rating has been lowered by Moody’s from “stable” to “negative.” As a result of the SEC’s legal action against the cryptocurrency exchange for allegedly acting as an unregistered securities broker. Moody’s explained the cut on June 8 by saying it was worried about how the SEC action would
BitGo, a supplier of wallet infrastructure and digital asset custodian, said on June 8 that it has signed a non-binding letter of intent to acquire Prime Trust, a provider of fintech infrastructure. The details of the deal were kept confidential. If the purchase goes through, BitGo will expand its wealth
