In a shocking turn of events, bankrupt crypto exchange FTX has recently taken legal action against the parents of its founder and former CEO, Sam Bankman-Fried. The exchange has accused Joseph Bankman and Barbara Fried of engaging in fraudulent activities that led to the misappropriation and transfer of funds amounting to millions of dollars. The
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The media circus surrounding Donald Trump’s indictment has had an unexpected ripple effect on the meme coin market. The popularity of meme coins themed around Donald Trump and MAGA has soared during the ‘on-chain summer’, with TRUMP2024 experiencing a staggering 10,000% surge and MAGA token exploding by 20,000%. This surge in interest is partly due
Since its inception, Solana (SOL) has been gaining recognition and catching the attention of industry experts. Former Goldman Sachs executive, Raoul Pal, recently named Solana as one of his standout altcoin choices and highlighted its potential to challenge Ethereum’s dominance. With its unique strengths and impressive speed and performance, Solana has even managed to attract
The Securities and Exchange Commission (SEC) has taken an active role in regulating the cryptocurrency industry, expressing concerns about its lack of regulation and viewing many cryptocurrencies as securities. This has led to increased scrutiny and enforcement actions against companies involved in initial coin offerings (ICOs) and a general chill in the U.S.-based crypto industry.
The once high-volume trading activity of Binance.US has plummeted significantly, with the weekly trade volume dropping from an impressive annual high of nearly $5 billion to a meager $40 million, according to data firm Kaiko. This decline can be attributed to a combination of factors, including regulatory charges filed by the U.S. Securities and Exchange
Cryptocurrency regulations are evolving rapidly as governments and financial institutions grapple with the challenges posed by digital currencies. New York State is at the forefront of this regulatory landscape, with the New York State Department of Financial Services (NYDFS) recently outlining new requirements for virtual currency business entities. These rules, particularly focused on cryptocurrency delistings,
The recent donation of $3 million worth of Binance Coin (BNB) by Binance Charity to victims of the Moroccan earthquake has sparked a heated debate surrounding the use of cryptocurrencies in humanitarian aid. Critics argue that immediate essentials like food and water are more crucial than crypto donations, labeling the act as a mere PR
Toncoin (TON) has recently experienced a surge in value, catapulting it into the top 10 cryptocurrencies. This surge was triggered by the endorsement of the TON network by popular messaging app Telegram. As Telegram grows its presence in the crypto space, Toncoin is well-positioned to capture a significant share of the Web3 market. The price
Dubai-based cryptocurrency platform JPEX has recently found itself in hot water as it faces an investigation by Hong Kong police and the financial regulator over alleged fraud. In response to this ongoing probe, JPEX has made the decision to “delist” all transactions associated with its Earn Trading interface starting from September 18, 2023. Users will
Dogecoin (DOGE) has recently found itself at the center of a heated tug-of-war between buying pressures and bearish sentiment, leaving investors and enthusiasts uncertain about the future direction of the cryptocurrency. In a sudden turn of events, a dip in DOGE’s price sent shockwaves through the market, breaking a pivotal support trendline that had historically