In a recent statement, Binance CEO Changpeng ‘CZ’ Zhao has vehemently refuted claims that he took a $250 million loan from BAM Management. The reports, which stem from a court filing by the Securities and Exchange Commission (SEC), have been dubbed as “wrong information” by CZ. The controversy was sparked by an article published by
The XRP community has once again found itself embroiled in a heated debate surrounding Ripple Labs. Recent data analysis has unveiled a series of massive XRP transactions, totaling 506 million tokens and valued at approximately $260 million. What makes these transactions particularly intriguing is not just their astronomical volume, but also their repetitive nature and
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 rise of the digital age has revolutionized the way businesses connect with consumers. Walmart, a retail giant synonymous with physical stores, recognizes the importance of embracing new avenues to engage with customers. As the lines between physical and virtual spaces become increasingly blurred, the metaverse, with its interactive 3D environments, offers immense potential for
As digital currencies continue to gain popularity, investors are constantly on the lookout for the next big opportunity. In recent months, the world of crypto has witnessed a surge in meme coins inspired by political figures and movements. One such coin, TRUMP2024, has experienced a jaw-dropping rise of +10,000%, while its counterpart, $MAGA, has exploded
In a shocking revelation, Hong Kong-based cryptocurrency exchange CoinEx announced that hackers managed to steal over $70 million worth of tokens due to compromised private keys. This devastating security breach has left the platform scrambling to regain control and seek ways to recover the lost funds. CoinEx representatives have provided further insight into their ongoing
Bitcoin has experienced an upward trend since dropping below $25,000 in mid-September. The recent rally, reaching $27,435, showcased a 10% increase from the local low. However, despite this positive movement, there are mixed signals in the market that require caution and careful consideration. Glassnode’s Realized HODL Ratio (RHODL) serves as a crucial indicator for market
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
In a surprising turn of events, lawyer Mark Scott, responsible for laundering $400 million from the OneCoin fraud, has been denied a motion seeking a new trial. This decision comes despite the revelation that a prosecution witness perjured themselves during the original trial in 2019. 54-year-old lawyer Mark Scott argued that he had no knowledge
The Securities and Exchange Commission (SEC) has been closely monitoring the cryptocurrency industry, expressing concerns about its lack of regulation. This regulatory body considers many cryptocurrencies as securities, subjecting them to federal securities laws. While this has resulted in increased scrutiny and enforcement actions against unregistered securities offerings, it has also led to heated debates
