Bitcoin, the leading cryptocurrency, has historically experienced periods of dull price performance during the weekends. This trend continued during the most recent weekend, with little-to-no actual movements in its price. However, what is particularly noteworthy is the uncharacteristic stability observed in altcoins on a daily scale, with minimal fluctuations in their prices. Despite this overall
Crypto
Ethereum, one of the leading blockchain platforms, underwent a significant upgrade known as the Shanghai upgrade a year ago. This upgrade aimed to enhance network activity and strengthen the decentralized finance (DeFi) ecosystem. However, a recent report from JPMorgan suggests that the upgrade has not met expectations, as the network’s activity has decreased since then.
The Australian Securities and Investments Commission (ASIC) has launched civil proceedings against Bit Trade Pty Ltd, accusing the company of not adhering to its design and distribution obligations (DDO) for its margin trading product. This violation has allegedly resulted in substantial financial losses for customers. The DDO framework was implemented to protect consumers and requires
The world of cryptocurrency is known for its volatility and unpredictability, with prices often fluctuating at the drop of a hat. However, one popular cryptocurrency analyst using the X handle EGRAG CRYPTO has sparked excitement among XRP enthusiasts with a bold prediction – a chance for Ripple’s native token to skyrocket to $1.40. But what
Bitcoin (BTC), the leading cryptocurrency in terms of market capitalization and popularity, has recently achieved significant milestones despite its current price being far from its peak levels registered in November 2021. According to a report by CryptoPotato, the BTC percent supply last active 3+ years ago has exceeded 40%, reaching a new all-time high. This
The ongoing legal battle between Binance, the world’s leading crypto exchange, and the U.S. Securities and Exchange Commission (SEC) has been filled with requests for extra documentation. Recently, the SEC criticized the quality of information provided by Binance and its U.S. arm, claiming that they had only submitted around 250 pages of evidence, some of
Today, all eyes are on the hearing between the United States Securities and Exchange Commission (SEC) and Binance, which holds significant implications for the cryptocurrency exchange. The SEC has accused Binance of failing to provide adequate documentation for the case, despite a prior agreement for expedited discovery. BAM, the organization responsible for Binance’s US branch,
The world of cryptocurrencies has undoubtedly brought both innovation and fraud to the forefront of the financial landscape. One such case of a massive crypto scam is OneCoin, a project that promised great returns but ultimately swindled billions of dollars from unsuspecting investors. At the center of this elaborate scheme was Karl Sebastian Greenwood, the
In a recent market manipulation report by Solidus Labs, a prominent player in crypto-native trade surveillance and risk monitoring, the extent of wash trading on Ethereum-based decentralized exchanges (DEXs) has been brought to light. The report reveals that wash trading, which involves the execution of transparent or concealed self-trades to artificially manipulate the prices or
Ripple, one of the prominent players in the cryptocurrency industry, has been facing numerous challenges in recent times. The company’s troubles began when the United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs in 2020. The lawsuit alleged that Ripple Labs had conducted an unregistered sale of securities worth over a
