Recently, a notable wallet associated with the failed crypto exchange FTX and its affiliate, Alameda Research, executed a redemption of 177,693 Solana (SOL) tokens, amounting to roughly $23.75 million. This transaction has drawn the attention of the crypto community and analysts alike, particularly due to its implications for the broader SOL market. The activity was
In the ever-evolving landscape of cryptocurrency, market fluctuations are as common as they are unpredictable. Recent events, including Bitcoin’s setback to $55,500 and Ethereum’s decline to $2,200, suggested a looming struggle for the broader crypto market. Contrary to the prevalent bearish sentiment associated with such significant drops, a curious phenomenon unfolded—altcoins have staged an impressive
A profound investigation has been initiated by a coalition of Republican lawmakers into the Securities and Exchange Commission (SEC), which raises fundamental questions about the agency’s operational integrity. The inquiry, aimed at uncovering potential political bias in hiring practices, was formally presented in a letter dated September 11, 2023, directed at SEC Chairman Gary Gensler.
In a significant development in the cryptocurrency sector, eToro, a prominent trading platform, has announced a substantial halt in its digital asset trading operations following a settlement with the U.S. Securities and Exchange Commission (SEC). This decision stems from an investigation that uncovered eToro’s facilitation of trading crypto assets deemed as securities by U.S. law
The case of Ryan Salame, a former executive at the now-defunct cryptocurrency exchange FTX, has taken a turbulent turn that raises unsettling questions about the integrity of the legal process. Salame’s recent admission of providing false testimony has not only jeopardized his prior guilty plea but also uncovered a murky landscape of potential consequences for
In an era where digital assets are becoming increasingly prominent in economic discussions, the contrasting regulatory stances of the United Kingdom and the United States have sparked significant debate among stakeholders in the blockchain and cryptocurrency spheres. The recent introduction of the “Property (Digital Assets etc.) Bill” in the UK signals a proactive approach to
In a recent announcement, crypto exchange Binance revealed that its subsidiary Tokocrypto has successfully obtained a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). This development marks a significant milestone for Tokocrypto, positioning it as the third exchange in Indonesia to receive such a license. Impressive Growth of Tokocrypto
Samuel Edyme, also known by his nickname HIM-buktu, is not your typical web3 content writer. His journey into the world of cryptocurrency was not paved with success and victories, but rather with setbacks and challenges. His initial foray into the crypto universe was marred by a Ponzi scheme that left him at a loss. Instead
In a shocking turn of events, the popular fintech bank Nubank has made the decision to suspend trading for its cryptocurrency, Nucoin. This unexpected move has raised questions about the bank’s financial stability and has left many customers bewildered. The Suspension of Nucoin Nubank’s announcement, made through a blog post on September 10, sent shockwaves
Over the past couple of weeks, bitcoin has faced a market correction of approximately 11%, showcasing a rollercoaster of volatile movements. Despite a brief rebound to $58,000, the leading cryptocurrency still has some ground to cover before reaching its previous all-time high levels. According to on-chain data provided by the blockchain market intelligence firm Santiment,
