Former Binance CEO Changpeng ‘CZ’ Zhao’s recent transfer from FCI Lompoc II to the RRM Long Beach halfway house in California has caused confusion among users who mistakenly believed he had been released. However, despite the change in location, CZ remains incarcerated. The RRM Long Beach facility is classified as a ‘residential reentry management (RRM)
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The US federal judge recently denied crypto exchange Kraken’s request to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The SEC accused Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency, earning hundreds of millions of dollars illegally since 2018. The SEC argued that by not registering as a
The DeFi Education Fund and the Blockchain Association have recently taken a stand against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT) by submitting an amicus brief in support of a legal challenge. Their primary argument revolves around the significant privacy and security concerns posed by the CAT. They are particularly worried about
Cardano (ADA) has experienced a significant surge in price over the last seven days, with gains of over 14%. However, on-chain data indicates that investors may be preparing to offload their holdings to secure profits. Santiment data reveals that an additional 12% of Cardano’s supply is now in profits, signaling a potential influx of selling
Pi Network, a crypto project introduced in 2019, aims to revolutionize the way users mine and earn digital assets on their mobile devices. By using the Stellar Consensus Protocol (SCP) as a consensus algorithm, it strives to be more energy-efficient compared to traditional Proof-of-Work (PoW) systems. Despite gaining millions of users and transitioning them towards
The Federal Bureau of Investigation (FBI) has recently made a groundbreaking decision to utilize Non-Fungible Tokens (NFTs) in order to return $1.14 million to victims of the CluCoin fraud. This marks a significant shift in the way law enforcement agencies interact with victims of fraud, as it is the first time NFTs have been employed
The performance of Bitcoin can fluctuate significantly on a monthly basis, influenced by investor sentiment and market dynamics. As August comes to a close, investors are reflecting on the past month and looking ahead to September with hopes of better results. However, the historical data on Bitcoin’s performance in August and September may provide valuable
In recent times, there has been a noticeable shift in the Layer 2 network landscape, with Base, an Ethereum Layer 2 network that was incubated by Coinbase, making significant strides. Data from IntoTheBlock reveals that Base now has nearly 40% more daily active addresses than the combined total of its competitors, Arbitrum and Optimism. This
Ethereum, like many other altcoins, is facing significant downward pressure in the market, struggling to recover from the weakness experienced in early August. Despite occasional moments of strength following a sharp sell-off on August 5th, prices are still lingering below the $2,800 mark. One positive aspect to note, however, is the impressive resilience shown by
Bitcoin experienced a significant drop recently, falling from $59,600 to $56,300. However, in the past 12 hours, the leading cryptocurrency made a strong recovery and surged to a weekly high of nearly $62,000. This sudden uptick in price has been followed by a positive trend in the altcoin market, with larger-cap altcoins such as LINK,
