Today, all eyes are on the hearing between the United States Securities and Exchange Commission (SEC) and Binance, which holds significant implications for the cryptocurrency exchange. The SEC has accused Binance of failing to provide adequate documentation for the case, despite a prior agreement for expedited discovery. BAM, the organization responsible for Binance’s US branch,
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Cryptocurrency has become increasingly popular in recent years, but with its rise in popularity comes an alarming increase in online hacks and cyberattacks. Mark Cuban, a well-known entrepreneur and cryptocurrency user, recently became a victim of such an attack, losing nearly a million dollars from his digital wallet. This serves as a stark reminder of
NFL quarterback Trevor Lawrence, alongside popular YouTube influencers Kevin Paffrath and Tom Nash, has reached a settlement in a lawsuit surrounding their endorsement of the now-defunct FTX cryptocurrency exchange. According to a court filing, the terms of the settlement remain undisclosed. This agreement marks the first resolution among the numerous celebrities and companies accused of
The world of cryptocurrencies has undoubtedly brought both innovation and fraud to the forefront of the financial landscape. One such case of a massive crypto scam is OneCoin, a project that promised great returns but ultimately swindled billions of dollars from unsuspecting investors. At the center of this elaborate scheme was Karl Sebastian Greenwood, the
In a recent market manipulation report by Solidus Labs, a prominent player in crypto-native trade surveillance and risk monitoring, the extent of wash trading on Ethereum-based decentralized exchanges (DEXs) has been brought to light. The report reveals that wash trading, which involves the execution of transparent or concealed self-trades to artificially manipulate the prices or
Binance CEO Changpeng ‘CZ’ Zhao has addressed the rumors surrounding the departure of Binance.US CEO Brian Schoder, emphasizing the need for new leadership in light of the current regulatory challenges faced by the exchange. According to CZ, the regulatory landscape in the United States is rapidly evolving and becoming increasingly hostile towards the cryptocurrency industry.
Since the Merge, Ethereum has undergone significant changes, starting with the implementation of the London hard fork. One key development introduced by this upgrade is the fee-burning mechanism. Under this mechanism, transaction base fees are burned immediately after a transaction is processed. This move was aimed at making Ether deflationary, as it permanently removes some
Ripple, one of the prominent players in the cryptocurrency industry, has been facing numerous challenges in recent times. The company’s troubles began when the United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs in 2020. The lawsuit alleged that Ripple Labs had conducted an unregistered sale of securities worth over a
The rise of blockchain technology and artificial intelligence (AI) has paved the way for a captivating fusion – AI crypto projects. These innovative platforms combine the transparency of blockchain with the predictive capabilities of AI, creating robust and tokenized ecosystems. In this article, we will delve into three prominent examples – Akash Network, Numeraire, and
The cryptocurrency market has been plagued with volatility and regulatory challenges, causing many exchanges to face significant obstacles and decline in trading volume. However, amidst this chaos, Coinbase has managed to emerge relatively unscathed, maintaining a stable monthly trading volume since May. This article explores the strategic positioning of Coinbase and its potential impact on
