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
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
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
As the cryptocurrency market continues to evolve, one cannot help but draw parallels with past trends. Crypto analyst Tony Severino has recently spotlighted striking similarities between the current Bitcoin price dynamics and those observed during the landmark bull run of 2017. The anticipation of a massive price increase—potentially an astonishing 80% surge—is not merely speculative.
The cryptocurrency domain, long characterized by its volatile nature and regulatory ambiguities, has received significant attention from European authorities recently. The European Securities and Markets Authority (ESMA) has finalised its guidance on the Markets in Crypto-Assets (MiCA) regulations, marking a significant milestone for the region’s evolving financial ecosystem. This culmination of an 18-month period of
Lido, a leading protocol in the realm of liquid staking, has recently made headlines with its decision to phase out operations on the Polygon network. This move signifies not only the end of Lido’s venture into Polygon but also highlights the changing dynamics in decentralized finance (DeFi). After extensive discussions and a community vote, LDO
In a decisive move to ensure the integrity of promotions surrounding cryptocurrency in Nigeria, the Securities and Exchange Commission (SEC) has introduced stringent regulations for influencers. These new guidelines are particularly significant given the rising popularity of cryptocurrency within the nation and the potential risks associated with unregulated promotions. The initiative seeks to deter misleading
For the first time in over three years, Ethereum (ETH) has managed to breach the crucial price threshold of $4,100, a significant development in the cryptocurrency space. Historically, this price level has presented formidable resistance for investors, with Ethereum struggling to maintain upward momentum during previous market rallies, particularly in the first quarter of this
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been subject to various fluctuations and external influences that shape its value. Unlike Bitcoin (BTC) and Dogecoin (DOGE), Ethereum has exhibited relatively tepid market performance in recent times. Following a notable surge to $4,000, ETH entered a consolidation phase, struggling to build momentum toward new highs.
