Following the increased regulatory oversight over the crypto industry, the United States Securities and Exchange Commission (SEC) has filed an emergency motion for a temporary restraining order against Binance Holdings Limited, BAM Trading Services, BAM Management US Holdings, and Changpeng Zhao.  The SEC seeks to freeze the assets of BAM Management and BAM Trading, direct […]

Following the announcement of the United States Securities and Exchange Commission (SEC) filing lawsuits against major cryptocurrency exchanges Binance and Coinbase, the regulator is now facing backlash from prominent crypto and blockchain lawyers. Notably, legal experts such as Jake Chervinsky and a former agent of the regulator have voiced their concerns regarding the potential impact […]

The increased oversight by the US Securities and Exchange Commission (SEC) towards the crypto industry has prompted both the community and regulators to question the approach taken by the US watchdog.  In a recent testimony before the US House Committee on Agriculture, the Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, highlighted the […]

On Monday, the United States Securities and Exchange Commission (SEC) dealt a significant blow to the crypto market by filing a lawsuit against Binance, one of the world’s largest crypto exchanges, and its CEO, Changpeng Zhao.  The lawsuit alleges the misuse of customers’ funds and the operation of an illegal trading platform within the United […]

In a recent development that caused a temporary disruption in the crypto world, major cryptocurrency exchange Kraken faced issues with its crypto funding gateways, leading to delays in deposits and withdrawals. However, the exchange swiftly responded to the situation, investigating and resolving the problem to restore full functionality to its withdrawal services. Gateway Hiccups And […]

The fallout from the collapse of major crypto exchange FTX continues, as the liquidator attempts to recover nearly $4 billion for creditors from another bankrupt crypto firm, Genesis Global Capital (GGC). According to Wired, the court in the Southern District of New York will decide on June 15 whether to allow FTX to pursue GGC […]

A Manhattan-based publication American Banker focused on the financial industry, has revealed Ripple’s efforts in ensuring secure minting and distribution of Central Bank digital currencies and stablecoins.  The financial reporter noted that Ripple’s recent Central Bank Digital Currency (CBDC) platform launch is part of its preparation to bring these goals to fruition. Ripple’s CBDC platform […]

Two Congressmen in the United States recently blamed crypto companies as the country’s key source of tax evasion. In a letter to the Heads of the Treasury and the Internal Revenue Service, the congressmen push for tax laws specifically for the digital asset sector. Taxpayers are expected to report digital transactions from the start of 2023 […]

Louis Vuitton is diving deeper into the world of NFTs. They have just announced a new “Treasure Trunks” collection that combines physical and digital elements. By owning these iconic ‘Treasure Trunks’, people can access future products, and experiences, and join a community of fellow owners. It’s an exciting move by Louis Vuitton which helps to […]

Atomic Wallet has joined the growing list of hack incidents in crypto and DeFi protocols this year. On June 3, several Atomic Wallet users reported that their entire portfolio vanished from the app with transaction history erased.  Then in a June 5 report, Blockchain analytic firm Elliptic disclosed that its team traced the funds from the […]

The U.S. Securities and Exchange Commission (SEC) filed a complaint against crypto exchange Coinbase over allegedly trading unregistered securities. According to a document filed with the Southern District of New York, the regulator claims that the crypto company failed to register with the SEC. Related Reading: Crypto Futures Sees $300M Flush As Bitcoin Plummets Under […]

Rare satoshis have the potential to become the next major frenzy in the world of cryptocurrency, following the recent hype surrounding BRC-20 ordinals inscriptions and the craze for minting meme coins.  To provide some background, the Ordinals Protocol allows for the systematic identification of satoshis, which are the smallest units of Bitcoin. This protocol enables […]

Data shows the crypto futures market has registered liquidations of almost $300 million in the past day as Bitcoin has plunged below $26,000. Crypto Futures Market Liquidations Spike As Bitcoin & Others Crash A futures contract is said to be “liquidated” when the derivative exchange that the contract has been opened with forcefully closes the […]