The Australian Securities and Investment Commission (ASIC) has initiated legal proceedings against Oztures Trading Ltd., the company behind Binance Australia Derivatives, citing serious deficiencies in customer protection protocols. The focus of this legal action stems from allegations that a significant number of retail investors were wrongly labeled as wholesale clients, thus stripping them of essential
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Bitcoin (BTC) has captured the attention of investors and analysts alike, witnessing a remarkable ascent throughout 2024, with its price surging approximately 150% since the beginning of the year. On December 17, Bitcoin transcended the monumental threshold of $108,000, sparking discussions regarding future price projections that range significantly based on recent speculations. Notably, some experts
The cryptocurrency market thrives on volatility and speculation, and recent developments have brought Bitcoin (BTC) to the forefront of discussions. Significantly, Bitcoin has achieved a new all-time high (ATH) of $108,000, sparking excitement and speculation about where it could be headed next. This surge signals that Bitcoin is not just rebounding but rather following a
In the rapidly evolving world of blockchain technology, effective governance is paramount to ensuring sustainability and community trust. Recently, Charles Hoskinson, the founder of Cardano, catalyzed a significant discussion by recommending that the Cardano Foundation move to a more equitable jurisdiction where its community could directly elect board members. This call to action, made through
In the volatile world of cryptocurrency, Bitcoin has once again taken center stage with a dramatic price surge followed by a significant retracement. After experiencing a steady incline over several days, marking new peaks and engaging the interest of investors, Bitcoin’s trajectory shifted downward, losing over $4,000 within a mere 12-hour period. This fluctuation not
Meet Samuel Edyme, a name that commands attention in the vibrant realm of Web3. Known fondly as “HIM-buktu,” Edyme is a multifaceted content creator, journalist, and aspiring trader who has carved a unique niche in the crypto landscape. His writing spans prestigious platforms like AMBCrypto, Blockchain.News, and Blockchain Reporter, where his ability to fuse compelling
Following a tumultuous period marked by financial turmoil and scandal, FTX and its associated debtor entities are set to initiate their Chapter 11 reorganization plan on January 3, 2025. This date represents a significant milestone, as it has been designated as the initial distribution record date for holders of allowed claims within the plan’s convenience
As 2023 draws to a close, Bitcoin (BTC) continues its remarkable ascent, challenging previous highs and kindling optimistic projections for its ongoing cycle. Recent insights from Bitfinex shed light on potential peak prices and the overall trajectory of the flagship cryptocurrency. The evolution of Bitcoin throughout this year reflects significant advancements in adoption and acceptance,
In its recently published transparency report, Coinbase provided a comprehensive overview of law enforcement requests received throughout the previous year. Notably, the report highlighted a total of 10,707 requests, showcasing an 18% reduction compared to the preceding year. This decline marks a significant trend that could signal shifts in how global law enforcement approaches cryptocurrency
In a recent development, Binance, the largest cryptocurrency exchange in the world, has amplified its support for the meme coin Simon’s Cat (CAT). Initially launched on the BNB chain, CAT has captured attention not only for its whimsical branding but also for the heightened interest in meme-based cryptocurrencies which have become a significant part of
