Five days after Binance and its CEO Changpeng “CZ” Zhao were sued by the United States Commodity Futures Trading Commission (CFTC) for alleged trading violations, a new $1 billion lawsuit was filed against the…
With a roughly 70% gain, Bitcoin is closing out its best quarter since the three months ending March 2021, when it surged 103%. That vastly outstrips the S&P 500’s 5.5% year-to-date advance, the…
The dramatic collapse of crypto exchange FTX last November is not moving Bermuda away from receiving crypto companies, according to the head of the British island territory’s government during an interview with Bloomberg…
Former Binance.US executive Catherine Coley has asked Sullivan & Cromwell lawyer James McDonald to represent her amid the CFTC’s lawsuit against Binance. Coley helped launch Binance’s U.S. affiliate, Binance.US, in 2019 but departed…
The European arm of FTX, FTX EU has launched a website to allow European customers to submit withdrawal requests. It comes nearly five months after the global trading platform collapsed and went bankrupt…
The crypto market has witnessed countless hacks and exploits over the year. This has directly affected the mainstream adoption rate. Ergo, technological innovation is a must to protect customer assets and help exchanges…
There are still industry executives that remain hopeful the United States will develop laws to treat crypto fairly; however, an adviser to the Crypto Council for Innovation warns it will take “a lot…
North Korea-based hackers are increasingly utilizing cryptocurrencies to facilitate illicit activities. Per the latest study, the hacker group is using it to mine more crypto via cloud services. Cryptocurrency and the underlying blockchain…
Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for crypto rather than artificial intelligence (AI), a technology he believes…
Community-focused decentralized finance (DeFi) project SafeMoon has been exploited. The cause, according to security firms, was a token burn bug in the smart contract. On March 29, the SafeMoon team alerted the community…
The surprise lawsuit from the Commodity Futures Trading Commission (CFTC) against crypto exchange Binance sent shock waves across the markets today. In addition to allegations of market manipulation and a lack of compliance…
Ripple (XRP) cleared $0.45 for the first time since November 2022. However, a closer look at some critical on-chain data has revealed a selling trend among whale investors. By how much could XRP…
Following Terraform Labs’ founder Do Kwon’s arrest in Montenegro while trying to fly off-shore using fake documents, South Korean authorities have turned up efforts to track down and arrest the other co-founder of the…
United States banks’ deposits dropped significantly between March 8 and March 15 due to fears of a banking collapse. On the other hand, Bitcoin increased 35% over the last two weeks. Data from the…
United States authorities are reportedly deliberating on “expanding” an emergency credit line for banks, which may provide First Republic Bank a time buffer to address balance sheet concerns, according to people familiar with…
As the world grapples with a banking crisis on the brink of chaos, the Federal Reserve (Fed) has taken drastic measures to pump liquidity into the market. The initiative has led to an…