In a shocking turn of events, Binance CEO Changpeng Zhao, commonly known as CZ, has reportedly pled guilty to violating U.S. anti-money laundering requirements. This startling news comes alongside reports that Binance itself will also plead guilty to money laundering violations. As a result, CZ will be stepping down from his role at the exchange,
In a recent market commentary, cryptocurrency analyst LuckSide Crypto expressed optimism about Cardano’s ADA token, suggesting that it is primed for a major breakout despite recent price struggles. While acknowledging that ADA has faced challenges in the past, LuckSide Crypto believes that the broader cryptocurrency market is on the verge of a bullish turn. LuckSide
The U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against Kraken, a prominent cryptocurrency exchange, alleging multiple violations of federal securities laws. While the SEC has made serious accusations against Kraken, what stands out is the mention of Solana and Cardano throughout the lawsuit. These two leading smart contract platforms have been increasingly
The Fantom Foundation, a nonprofit organization responsible for developing the Fantom blockchain platform, recently addressed a significant vulnerability following a hack that resulted in the loss of $550,000 worth of funds. Occurring on October 17, the hack targeted the foundation’s hot wallet. An unidentified attacker managed to drain 1% of the Fantom Foundation’s funds. In
Bitcoin (BTC) is currently experiencing a consolidation phase, leaving investors uncertain about the future and concerned about the potential decline in price. The Bitfinex Alpha report reveals that BTC is hovering around the $37,000 price range, showing signs of diminishing momentum and positive funding rates on futures contracts. This historically indicates market declines, further strengthening
Nike has once again teamed up with digital fashion brand RTFKT for an exciting collaboration, introducing the highly anticipated RTFKT Dunk Genesis collection. This collection sets itself apart from previous collaborations by allowing customers to purchase the sneakers without needing to own a corresponding RTFKT non-fungible token (NFT). This move opens up the opportunity for
Ethereum price has shown signs of strength recently as it started a fresh increase above the $1,950 resistance level. This upward momentum has allowed ETH to consolidate above $2,000 and the 100-hourly Simple Moving Average. One notable move for Ethereum was the break above a major bearish trend line with resistance near $2,010 on the
The world of cryptocurrencies is constantly evolving, and the recent surge in transaction fees on the Bitcoin network is a testament to this. According to BitInfoChart data, the average daily transaction fee for Bitcoin reached $10.34 on November 20th, surpassing Ethereum’s average fee of $8.43. This sudden increase in Bitcoin’s transaction fees can be attributed
The U.S. Securities and Exchange Commission (SEC) has recently taken legal action against the cryptocurrency exchange Kraken. The SEC alleges that Kraken has been operating as an unregistered securities exchange, broker, dealer, and clearing agency, violating the law. This article will provide an in-depth analysis of the charges filed by the SEC against Kraken and
Bittrex Global, a popular cryptocurrency exchange, recently delivered a significant blow to its users by revealing its decision to wind down most of its operations. This unexpected announcement has left many customers feeling disappointed and inconvenienced. As of December 4th, Bittrex Global will disable all trading activity on its platform and terminate its client relationships.
