BAM Trading, the operating company of Binance U.S., along with BAM Management, has recently taken a stand against the U.S. Securities and Exchange Commission (SEC), accusing them of abusing their information requests. In a court filing on August 14th, the company sought a protective order, describing the SEC’s actions as “troubling and inappropriate.” This article
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In a major development that has sent shockwaves through the DEX markets, the leading ZKSYNC DEX stablecoin USD+ has experienced a destabilization, resulting in seismic price moves. The occurrence comes at a significant period for stablecoins, as they are increasingly being mainstreamed through the emergence of government-issued CBDCs. Amidst this backdrop, USD+ is currently trading
The Bitcoin price has been hovering around the $29,000 level for the past week, indicating a lack of movement and momentum in the market. This has led to hesitancy among investors to actively engage with the digital asset at this point. One of the main reasons for this hesitation is the expectation that Bitcoin will
Altcoin markets have been facing significant challenges lately, and ApeCoin (APE) is no exception. The cryptocurrency has experienced a downfall of -10%, dropping below the 20-day moving average (20DMA) due to rejection from trendline resistance. This has left Bored Ape Yacht Club (BAYC) bagholders worried about the future of ApeCoin. The situation worsens when considering
The Shiba Inu (SHIB) coin has taken the cryptocurrency market by storm with its remarkable growth, outperforming even the top 10 established cryptocurrencies. In the past week alone, SHIB has experienced a solid 15% increase in its price, capturing the attention of the entire crypto community. What sets SHIB apart from its competitors is its
South Korean prosecutors are determined to bring justice in a $651 million crypto scam that defrauded 8,000 individuals. The scam, operated through a platform named OnNetworks, promised investors “payouts” if they paid their utilities bills using cryptoassets. Unfortunately, the scammers failed to deliver on these promises, leaving victims unable to recover their investments. Prosecutors in
In the ever-evolving world of technology, one threat looms large over the crypto industry – AI-enabled deepfake videos. Changpeng Zhao (CZ), the CEO of Binance, recently raised concerns about the significant risks these videos pose. Specifically, CZ referred to a video featuring Joshua Xu, the CEO of HeyGen, and expressed his unease regarding the implications
In the world of cryptocurrency, where trends can change in an instant, meme coins have emerged as a significant player. Two notable contenders in this arena are Shiba Inu and Pepe. Despite a slight dip in the wider crypto market, both Shiba Inu and Pepe have surged 8% in the past 24 hours, outperforming their
The recently launched Base, an Ethereum layer 2 blockchain developed by Coinbase, has made a remarkable start with inflows of just over $10 million within the first 24 hours. This influx of funds demonstrates the confidence investors have in this new platform and its potential to transform the decentralized finance (DeFi) landscape. A Growing Userbase
U.S. Senator Cynthia Lummis recently filed an amicus brief in support of Coinbase’s motion to dismiss the U.S. Securities and Exchange Commission (SEC) lawsuit. Senator Lummis, known for her pro-crypto stance, drew attention to the ongoing debates in Congress regarding cryptocurrency regulation. In her brief, she emphasized the need for Congress to develop appropriately balanced