False reports can have a significant impact on the cryptocurrency market, causing prices to surge or plummet within minutes. Recent events involving the US Securities and Exchange Commission (SEC), Bitcoin (BTC), Ripple (XRP), and Shiba Inu (SHIB) illustrate the volatility and vulnerability of the market to such reports. On October 16, various reports circulated suggesting
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The lengthy legal dispute between Ripple and the US Securities and Exchange Commission (SEC) has captured the attention of the cryptocurrency community for nearly four years. The saga began in December 2020 when the SEC filed a lawsuit against Ripple, alleging that the company sold billions of its XRP tokens without registering them as securities.
In a move to transform the remittance landscape in the Philippines, stablecoin issuer Circle has teamed up with digital asset provider Coins.ph. This strategic partnership aims to revolutionize international money transfers by promoting the use of USDC-denominated remittances among Coins.ph’s extensive user base of 18 million Filipinos. With remittances amounting to a staggering $36.1 billion
The world of cryptocurrencies is constantly evolving, and recent on-chain data has brought to light a startling revelation. Conor Grogan, a director at Coinbase, has unveiled that Alameda Research, a prominent crypto investment firm, has minted a staggering 39.55 billion USDT tokens. This figure accounts for a remarkable 47% of the total circulating supply of
A former CEO of an investment firm has recently confessed to participating in a deceptive trading practice known as “cherry-picking.” This scheme involved manipulating the allocation of profitable and unprofitable trades to benefit the CEO’s personal accounts while causing losses to investors. The founder and previous CEO of Systematic Alpha Management LLC (SAM), Peter Kambolin,
The Shiba Inu community has recently been targeted by fraudulent emails circulating in the space. Shibarmy Scam Alerts, a Twitter account dedicated to protecting against fraud and bad actors, has issued a warning to the community, urging them to refrain from opening these deceptive messages. The team behind Shibarmy Scam Alerts emphasized the importance of
Bitstamp, one of the leading cryptocurrency exchanges, has made the decision to discontinue its services to customers in Canada. The announcement was made by CEO Bobby Zagotta, and it is set to take effect on January 8, 2024. While the reasons behind this withdrawal remain unclear, Bitstamp expressed its gratitude towards its Canadian customers and
3Commas, a leading provider of smart trading solutions for cryptocurrency investors, has recently encountered another breach in its security system. This incident has once again raised concerns over the vulnerability of user data and the potential impact on the platform’s reputation. In this article, we will explore the details of the breach and the steps
Bitcoin’s price movements have calmed quite a bit following the enhanced volatility experienced on Friday. It was just about a week ago, on Sunday evening/Monday morning, when the primary cryptocurrency started a massive leg up that resulted in surging by over $1,500. This culminated in a 6-week peak at $28,600 (on Bitstamp) on Monday evening.
The recent debacle at the JPEX crypto exchange, resulting in arrests and the closure of the platform, has raised serious concerns about crypto fraud in Hong Kong. The unlicensed exchange, accused of defrauding investors of $204 million, has prompted authorities to take action. In response, the city’s Securities and Futures Commission (SFC) and law enforcement
