The cryptocurrency sector has recently witnessed an unprecedented wave of regulatory enforcement that underscores the increasing vigilance of U.S. authorities. Leading the charge is the infamous case involving FTX and its associated entity, Alameda Research, which together amassed a combined settlement figure of a staggering $12.7 billion. This sharp focus on FTX highlights the severe
Crypto
As Tether, a trailblazer in the stablecoin market, marks its tenth anniversary, the company reflects on a journey characterized by innovation and the transformative power of its flagship product, USD Tether (USDT). The firm recently announced the release of a documentary titled *“Stability and Freedom in Chaos,”* which aims to spotlight Tether’s significant influence in
Recent trends in the stablecoin sector are shedding new light on the crypto financial landscape, indicating a bullish momentum that could influence the broader market. As of September 2023, the total market capitalization of USD-pegged stablecoins has surged to approximately $169 billion, marking a striking increase of 31% or $40 billion since the beginning of
Bitcoin has recently made headlines by surpassing the $63,000 mark, hitting a peak of approximately $63,400 before settling down to around $62,700. This remarkable rise reflects a significant increase of about 4% within a 24-hour timeframe and highlights Bitcoin’s dominant performance compared to other cryptocurrencies, which have seen only slight gains. The questions on many
In an alarming case that underscores the vulnerabilities in the burgeoning crypto market, David Kagel, a former attorney aged 86, has been sentenced following his role in a staggering $15 million Ponzi scheme. His conviction brings forth critical questions surrounding regulation in cryptocurrency investments and investor awareness. The judgment, finalized on October 8 in a
As the crypto market prepares for the significant expiry of approximately 18,800 Bitcoin options contracts valued at around $1.1 billion on Friday, October 11, traders find themselves navigating a landscape that appears to be less volatile compared to previous weeks. The implications of this expiry for market participants are noteworthy, particularly considering the recent trends
In the fast-evolving world of cryptocurrencies, Binance, the largest cryptocurrency exchange by trading volume, is making significant movements. The company recently introduced trading bot services for several trading pairs while simultaneously delisting others due to liquidity concerns. This dual strategy within a single day reflects the exchange’s ambition to optimize user experience while managing market
The scrutinizing eye of the law continues to loom over Binance, the world’s premier cryptocurrency exchange, as it faces serious allegations in Nigeria. The Nigerian Securities and Exchange Commission (SEC) is pursuing a case against one of Binance’s key executives, Tigran Gambaryan, who has been in detention since February. The tension escalated when a Federal
In an unsettling development for its clientele, Fidelity Investments, a titan in global asset management, revealed that it experienced a significant data breach in August 2024. This breach, which transpired between August 17 and August 19, allowed unauthorized individuals to access personal and sensitive information of over 77,000 customers. Although the breach primarily involved two
In the ever-evolving world of cryptocurrency, Shiba Inu (SHIB) has recently faced significant financial turbulence. Over the past fortnight, the meme coin has experienced a notable decline of approximately 13%, according to data collected from CoinGecko. Even though SHIB managed a temporary rebound from a local peak, it continues to hover within a downward trend.