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,
Crypto
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
Coinbase, a prominent player in the cryptocurrency industry, is currently under scrutiny for alleged improper conduct in U.S. courts. Despite these accusations, the legal representatives of the platform have vehemently denied any wrongdoing and have even requested the dismissal of the case. While institutional investors and policymakers generally view Coinbase and its CEO, Brian Armstrong,
The cryptocurrency market is buzzing with excitement as a brand new stake-to-earn cryptocurrency, Bitcoin BSC ($BTCBSC), prepares to launch. With the presale already hitting the $1.3 million milestone, investors are eagerly anticipating the potential of this token. In this article, we will explore the unique features of Bitcoin BSC and why it has gained significant
Global cryptocurrency exchange CoinEx recently fell victim to a major security breach that resulted in a loss of at least $29 million. The hackers targeted the firm’s hot wallets, leaving blockchain investigators alarmed by a series of suspicious transactions. On Tuesday, crypto security platform Cyvers reported the breach and urged CoinEx to immediately suspend all
James Howells, a resident of Newport, has found himself in a battle against the city’s local council in a quest to retrieve his lost treasure. Howells accidentally disposed of a hard drive containing a staggering 8,000 Bitcoin (BTC), and for the past decade, he has been tirelessly attempting to gain access to a landfill site
Grayscale’s recent victory over the SEC has been hailed as a major setback for the financial regulator. However, despite this win, the crypto industry has not witnessed a significant increase in the accumulation of digital assets in the spot market. In fact, data from CCData’s latest report reveals a continued decline in trading volume for
The FTX crypto exchange, which filed for bankruptcy but plans to restart operations, is now looking to recover some of the money it paid to popular celebrities and professional athletes who once promoted the platform. While notable names like Shaquille O’Neal and Naomi Osaka have been mentioned, it is interesting to note that Tom Brady’s
