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Recently, the US Commodity Futures Trading Commission (CFTC) launched an investigation into Jump Crypto for reasons that have not been disclosed to the public. Sources familiar with the matter have reported that the federal agency is focusing on the firm’s trading and investment activities within the crypto sector. However, it is essential to note that
Market traders have noted a recent trend in heavy shorting of Cardano (ADA) and XRP, two cryptocurrencies that have been struggling to gain bullish momentum. The on-chain analytics platform Santiment highlighted this factor in a recent X post, suggesting that the increased short positions on these tokens could actually serve as “rocket fuel” for their
In the recent 24-hour period, the cryptocurrency market has shown signs of recovery after experiencing losses in the past few days. Major digital assets like Bitcoin, Ethereum, and Ripple have seen slight gains, while AI-related coins such as Fetch.ai have surged by double digits. Whale Sell-Offs Impact One notable case is the meme coin Beercoin
Ethereum, the second-largest cryptocurrency by market capitalization, finds itself in a pivotal moment as its price consolidates. Traders and investors are grappling with uncertainty as Ethereum’s price hovers near crucial support and resistance levels. This period of price stability has created a sense of indecision in the market, with technical indicators and market signals being
Binance, the leading cryptocurrency exchange globally, has recently been hit with regulatory challenges in various countries, including India. The Financial Intelligence Unit (FIU) of India imposed a hefty fine of 188.2 million Indian Rupees on Binance for non-compliance with the Anti-Money Laundering (AML) regulations. This fine amounts to approximately $2.2 million and was issued after
NVIDIA, a company known for its innovative technology and strong presence on Wall Street, has recently achieved a major milestone. With a substantial increase in its stock price, NVIDIA now holds the title of the largest market capitalization in the world, beating out tech giant Microsoft. This achievement comes after a consistent rise in the
Cryptocurrency exchange Kraken recently faced a significant security breach when an undisclosed white-hat hacker group stole digital assets worth approximately $3 million from the platform’s treasury. The hackers exploited a bug in the system that allowed them to inflate their account balances artificially. Despite the bug not posing a risk to customer funds, it enabled
The blockchain gaming industry is on the brink of a significant transformation as Ronin, the Ethereum sidechain network powering Axie Infinity, gears up to introduce zero-knowledge Ethereum Virtual Machines (zkEVM) in collaboration with the Polygon Chain Development Kit (CDK). This integration is poised to revolutionize the scalability and operational efficiency of the Ronin network, offering
When it comes to traveling with cryptocurrency, one of the most crucial considerations is safeguarding your digital wallet. It is essential to ensure that your funds are secure and protected from potential threats. Implementing strong security measures, such as using secure passwords and two-factor authentication, can go a long way in safeguarding your crypto assets
A recent development in the case of Nadeem Anjarwalla, a Binance executive, has resulted in the dismissal of his human rights lawsuit against Nigeria’s National Security Adviser and the Economic and Financial Crimes Commission by a federal high court. Despite the dismissal, it was noted that Anjarwalla did not have legal representation during the proceedings,
In a bold move to disrupt the traditional mobile app market dominated by tech giants like Apple and Google, APhone has recently launched AppNest, its decentralized app store. This innovative platform not only supports blockchain-based decentralized applications but also conventional Web2 apps, offering users a unique Web3-native experience. The intention behind the creation of AppNest
In the recent events surrounding the discovery of a critical vulnerability in crypto exchange Kraken’s deposit system, blockchain security firm CertiK has come forward with shocking allegations. CertiK claims that Kraken threatened its employees on June 18, demanding a repayment of a “mismatched” amount in an unreasonable timeframe while failing to provide a relevant wallet
The recent revelation about Montenegrin Prime Minister Milojko Spajić’s involvement as an early investor in Terraform Labs has raised many eyebrows. Court documents released by the U.S. Securities and Exchange Commission (SEC) showed that Spajić invested $75,000 in April 2018, acquiring 750,000 Luna tokens. Unfortunately, the cryptocurrency project failed in 2022, leading to losses exceeding