The recent movement of over $10 million worth of cryptocurrency from wallets linked to bankrupt crypto firms Alameda Research and FTX to exchange deposit accounts has raised eyebrows and fueled speculation about the firms’ intentions. The transfer of these funds may potentially indicate that the companies are planning to sell some of their assets to
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In a bid to enhance fan engagement in the world of horse racing, Zilliqa has recently announced its partnership with Racing League, the highly acclaimed team-based horse racing competition in the United Kingdom. With the help of Zilliqa’s cutting-edge blockchain technology, this collaboration seeks to merge traditional elements of horse racing with innovative virtual concepts,
The U.K.’s Financial Conduct Authority (FCA) has encountered numerous challenges in ensuring compliance with its newly implemented crypto promotion requirements. These rules, which were put into effect on October 8th, aim to protect consumers by mandating companies to inform users about the risks associated with investing in certain crypto products. In addition, the FCA prohibits
In a recent court filing, Coinbase, the leading cryptocurrency exchange, launched a scathing attack on the U.S. Securities and Exchange Commission (SEC), accusing the regulatory body of exceeding its powers. The exchange argued that the SEC’s classification of crypto assets as securities goes beyond its jurisdiction and claimed that the agency is attempting to redefine
The ongoing legal battle between cryptocurrency exchange Coinbase and the United States Securities and Exchange Commission (SEC) has taken a new turn. In its final attempt to dismiss the lawsuit filed by the SEC, Coinbase has argued that the regulatory body overstepped its authority when classifying Coinbase-listed cryptocurrencies as securities. The exchange contends that the
In a recent blog post, crypto exchange dYdX announced the release of the open-source code for its new Cosmos-based network. This move is a significant step towards the development of a truly decentralized exchange, as it aims to remove the reliance on a centralized order book. With a daily trading volume of over $2.6 billion,
The native token for the tier-1 exchange KuCoin, known as KCS, has experienced a drop of -1.5% recently as its price threatens to fall below the 20-day moving average (20DMA). This decline has led to concerns among some investors, with questions arising about whether KuCoin is going to zero. Adding to the apprehension is the
Binance, one of the leading cryptocurrency exchanges, has been facing legal action by the Commodity Futures Trading Commission (CFTC) regarding alleged illegal trading activities. However, despite these challenges, the exchange’s derivatives trading volume has remained strong during U.S. trading hours. This article explores the resilience of Binance and its ability to maintain a significant share
The recent surge in Bitcoin’s price, reaching $35,000 for the first time in a year, has prompted major crypto exchanges to experience a net outflow of funds. This movement away from centralized platforms is seen as a bullish sign, indicating that traders are anticipating a price surge. Notably, Binance, crypto.com, and OKX recorded the largest
In the past 24 hours, two substantial XRP transactions have taken place, totaling nearly 500 million XRP. The first transaction involved the transfer of 412,334,412 XRP tokens, valued at approximately $213 million. In the second transaction, 26,500,000 XRP tokens, equivalent to $13 million, were moved. These transfers occurred sequentially, with the second one attributed to
