Recently, the U.S. District Court for the District of Utah made a significant decision regarding the Securities and Exchange Commission’s (SEC) case against Digital Licensing, also known as Debt Box. The court not only dismissed the case but also ordered the SEC to pay approximately $1.8 million in attorney and receivership fees. This ruling has
Crypto
The year 2021 has witnessed a surge in the launch of meme coins, many of which have raised concerns about their legitimacy and ties to celebrities. The launch of JENNER on the Solana blockchain, endorsed by American celebrity Caitlyn Jenner, has particularly drawn attention to the risks associated with trading meme coins. Despite doubts from
Blockchain analytics firm Nansen recently uncovered DBS Bank, a major banking institution in Singapore, as a prominent player in the cryptocurrency market. The firm identified a crypto wallet linked to DBS Bank holding a substantial amount of Ether (ETH), totaling 173,753 coins valued at around $650 million based on current market prices. This revelation highlights
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has made headlines with its successful recovery of almost all of its customers’ digital assets after the bankruptcy of its crypto lending arm. This recovery has been hailed as one of the most successful in the industry to date. Gemini announced that its customers in
Ryan Salame, the former co-CEO of FTX, was recently sentenced to 90 months in prison for various criminal activities. This decision was made by US District Judge Lewis A. Kaplan, who found Salame guilty of conspiring to make illegal political contributions and defraud the Federal Election Commission. The sentencing came as a result of his
The recent approval of spot Ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission has raised several concerns regarding potential market dynamics. According to a report by Kaiko, if Grayscale’s upcoming spot Ether ETF follows the trend set by the company’s Bitcoin Trust, it could potentially see an average outflow of $110 million
The Normie (NORMIE) token recently experienced a major setback as its value plummeted by a staggering 99% within a period of three hours due to a smart contract exploit. This exploit led to a significant drop in the token’s market cap from a substantial $42 million to a mere $200,000. The aftermath of the exploit
Floki Inu (FLOKI) has witnessed a 20% increase in value over the last 24 hours, leading to a spike in its market capitalization to approximately $2.6 billion. This surge has catapulted Floki Inu to the fifth position within the meme coin sector, showcasing its growing popularity among traders and investors. Several factors have contributed to
Toncoin (TON) has been making waves in the cryptocurrency market as the native token of The Open Network blockchain. Recent analysis by CryptoQuant revealed some interesting trends regarding the price performance of TON compared to Bitcoin. While TON has outperformed Bitcoin by 118% since the beginning of 2024, there seems to be a disparity in
The Worldcoin project has encountered yet another setback, this time in Hong Kong. The Office of the Privacy Commissioner for Personal Data (PCPD) has ordered the Worldcoin Foundation to cease all operations in the region. The PCPD stated that Worldcoin’s practices infringe upon local privacy regulations, specifically related to the collection of facial and iris
