The DOJ has put on hold its choice to designate Sullivan & Cromwell as Binance‘s independent monitor, expressing apprehensions over the law firm’s past connections with FTX. Sullivan & Cromwell were about to be assigned to ensure Binance adheres to a settlement pertaining to a $4.3 billion penalty for infringing U.S. anti-money laundering laws and … Read more
Brian Armstrong, the head of Coinbase Global Inc., an American cryptocurrency exchange, shared that his company’s design team is investigating how to apply Artificial Intelligence (AI) in their work. Coinbase AI Exploration In Design The crypto leader presented two instances demonstrating that Coinbase is experimenting with a specific AI model at present. “Create a text … Read more
Charles O. Parks III, a resident of Nebraska, is facing charges for wire fraud, money laundering, and operating an unlicensed money-transmitting business. According to allegations, Parks orchestrated a complex “cryptojacking” scam, illegally utilizing cloud-based computing resources to mine approximately $1 million worth of cryptocurrencies. According to the US Department of Justice’s report, Parks allegedly obtained … Read more
For seven straight weeks, the cryptocurrency market received a total of $12.3 billion. However, last week marked a change as CoinShares reported withdrawals amounting to approximately $942 million – the initial outflow since the extended period of inflows. Furthermore, the report notes that while trading volumes were substantial last week at $28 billion, this is … Read more
Elon Musk recently announced a fresh strategy on social media platform X to combat the issue of bots. According to updates on X’s website, Musk underlined the importance of charging new users a minimal fee as a crucial step in this battle. He explained that this approach is the “most effective method” for preventing bot … Read more
The price of XRP, Ethereum, and Bitcoin in China could potentially surge following the recent launch of a new ETF, according to Forbes. Crypto investors are already bracing for a significant increase in demand for these digital currencies as investors from Hong Kong and the United States compete to channel their funds into respective cryptocurrency … Read more
Bitcoin‘s (BTC) price decline has persisted for a third day, despite initial attempts at recovery. Bulls are attempting to maintain support at higher levels, relying on inflows from spot Bitcoin Exchange Traded Funds (ETFs) and the upcoming halving event. However, bearish traders argue that the anticipated rally may not materialize due to larger economic trends … Read more
The price of Polygon‘s token, MATIC, has dropped significantly, following the trend of most major cryptocurrencies during the recent market sell-off. Since the third week of March, MATIC has decreased by 46%, now trading at $0.69. Factors such as geopolitical tensions in the Middle East and Bitcoin‘s pre-halving correction are contributing to the market’s bearish … Read more
Dogecoin (DOGE), the leading meme cryptocurrency, experienced a surge of over 4% in price following Elon Musk’s latest humorous post about it on Twitter. Musk told a version of the well-known “Biggus Dickus” humor from the 1979 Monty Python movie, Monty Python’s Life of Brian. A billionaire has likened the mainstream media to soldiers in … Read more
Recently, the rate at which Shiba Inu (SHIB) tokens are being destroyed, known as burn rate, saw a significant decrease following a large increase the previous day. This sudden change is causing worry among supporters since burning tokens is an essential part of the SHIB community’s functioning. Shiba Inu’s Burn Rate Declines By 99% The … Read more