BIT Mining Ltd., formerly known as 500.com, has agreed to pay a $10 million penalty to resolve allegations of violating the Foreign Corrupt Practices Act (FCPA). The charges stem from a bribery scheme aimed at influencing Japanese government officials to secure a casino license between 2017 and 2019. Former CEO
Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), is at the centre of mounting speculation that he will step down in the wake of Donald Trump’s return to the presidency. The political transition has reignited debates about Gensler’s controversial tenure, particularly his hardline stance on cryptocurrency regulation,
XRP has finally joined the crypto bull market, hitting a nearly 16-month high of $0.8452, a level last seen in early July 2023. Over the past 24 hours, XRP surged by over 23%, rising from an intraday low of $0.6866. While major cryptocurrencies like Bitcoin benefited from Donald Trump’s recent
Eighteen Republican-led states have filed a lawsuit against the Securities and Exchange Commission (SEC), accusing the agency of overstepping its authority in regulating the $3 trillion crypto industry. They argue that, as a result of the SEC’s enforcement tactics, their rights to manage economic policies are being infringed. Furthermore, the
In the ongoing bull run, Ripple (XRP) finally signals a positive trend as it breaks through the key resistance of $0.70 after a week of bearish pressure. Today, the altcoin surged over 20% in early Asian trading hours, climbing from a low of $0.6101 to an intraday high of $0.7416,
DTX Exchange and XRP are now becoming popular in the market for different purposes of investment since they provide distinct advantages to investors. DTX Exchange is currently notable for its hybrid trading system and has garnered attention through the presale of its tokens and usability considerations meant to contribute to
The crypto community has gone haphazard with excitement as Bitcoin has continued its rally to the dream high of $88,000. The overall cryptocurrency market cap is also inching closer to the $3 trillion mark. According to recent reports, BTC’s market cap has surpassed that of silver on a global level.
After months of patience, the crypto community is finally witnessing good tides hitting its sails. With the crypto-positive US elections results, the sector has been highly optimized into a bull run, with currencies reaching new trading levels. Meanwhile, the regulatory landscape has also spurred action, as the community speculates on
With Donald Trump’s recent U.S. presidential win, the global crypto community is buzzing with expectations over the next Securities and Exchange Commission (SEC). In the July campaign, Trump promised crypto supporters that he would fire the current SEC chair, Gary Gensler, “on day one” of his presidency. Gensler, known for
The U.S. Securities and Exchange Commission (SEC) is seeking to dismiss critical defences raised by crypto exchange Kraken in an ongoing lawsuit. In a motion filed in the Northern District Court of California, the SEC argued Kraken had received sufficient notice of potential securities violations. The legal team, however, labelled
