The recent legal troubles faced by Binance, one of the world’s largest cryptocurrency exchanges, have sent shockwaves through the crypto market. The exchange’s founder and former CEO, Changpeng “CZ” Zhao, pleaded guilty to violating the Bank Secrecy Act, leading to a $4.3-billion settlement with US authorities. While Binance has not been accused of misusing user
It’s not every day that you hear about a film director using a substantial portion of their budget to bet on a volatile cryptocurrency. However, Carl Erik Rinsch, the director of Netflix’s sci-fi series Conquest, reportedly did just that with Dogecoin. The consequences? A windfall of $27 million and a bitter arbitration battle with Netflix
FTX and Alameda, two prominent entities in the cryptocurrency space, have recently undertaken a significant divestment strategy. Over the past 24 hours, they have transferred a substantial amount of MATIC and AVAX, amounting to $36.01 million, to various exchanges. This ongoing commitment to reaching settlements with creditors amidst the twists and turns of the bankruptcy
Planetarium Labs has recently announced the launch of Nine Chronicles M, a groundbreaking addition to the world of gaming. This mobile version of the popular game, Nine Chronicles, is set to revolutionize the Web3 gaming space as the first completely on-chain and open-source Web3 MMORPG (Massively Multiplayer Online Role-Playing Game). With over 200,000 enthusiastic users
Bitcoin, the largest cryptocurrency in the market, has faced another setback in its journey towards reaching the $38,000 level. With a 3% pullback, many in the community are speculating that a significant retracement might take place before the bullish momentum resumes and the next uptrend begins. Renowned crypto analyst Adrian Zdużyć has shed some light
The partnership between Animoca Brands and Ubisoft’s Strategic Innovation Lab has garnered attention in the gaming industry. This collaboration aims to propel Ubisoft’s Web3 efforts within Animoca Brands’ metaverse initiative called Mocaverse. The joint venture specifically focuses on enhancing Ubisoft’s Web3 projects, including the highly anticipated RPG game, Champions Tactics Grimoria Chronicles. By integrating blockchain
In a groundbreaking move, the U.S. Department of the Treasury has taken action against cryptocurrency exchange platform, Binance, and its related parties. The Treasury’s comments on the settlements, released on November 21st, indicate a stern reprimand of Binance’s disregard for legal obligations and an alarming endorsement of illicit activities taking place on its platform. Secretary
In a recent video, crypto analyst The Luckside Crypto host vehemently criticized the Securities and Exchange Commission (SEC) for suing popular crypto exchange Kraken. Expressing his incredulity, he raised the question of why such discussions are still taking place. According to him, the SEC’s lawsuit against Kraken does not involve any allegations of fraud, manipulation,
The imminent closure of Bittrex Global, a well-known cryptocurrency exchange, has had a significant impact on the price of Bitcoin (BTC). According to data from the exchange’s website, the BTC/US Dollar pair surged to an astonishing $46,300 before retracing to $44,613 at the time of writing. This price is significantly higher than the current average
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