A major milestone in the world of cryptocurrencies: The trial of Avraham Eisenberg, allegedly responsible for the $100 million Mango Markets scam, has begun in a New York federal court. Details Of The Mango Markets Scandal In her opening statements at the trial, Assistant US Attorney Tian Huang described Eisenberg’s behavior on October 11, 2022, … Read more
At the moment, Ethereum seems to be forming an uptrend pattern, which might indicate a gradual increase in price approaching $4,000. An ascending channel on a chart can be identified by two lines that slope upwards and run parallel to each other. This pattern represents the price movements between successive higher highs and higher lows, … Read more
Voyager Digital has announced notable advancements in its post-bankruptcy plan to repay creditors. The business has secured approximately $484.35 million through settlements with FTX, Three Arrows Capital (3AC), and D&O insurance claims. This substantial sum marks a significant milestone in Voyager’s financial revival and creditor compensation process. Voyager Recovery Effort Voyager Digital’s recovery process involves … Read more
The build-up of whale holdings is a crucial sign for determining market trends in the near future. During the hype surrounding Solana’s meme coins, whales transformed their investments from thousands to millions within just days or weeks. Here are three altcoins currently attracting the attention of these large investors. 3 Altcoins Whales Are Bullish On … Read more
According to the Bank for International Settlements (BIS), it is crucial that there are global regulations in place for stablecoins. In a study involving eleven different regions, the BIS identified regulatory disparities as a major hindrance to introducing stablecoins. The organization strongly advocated for immediate regulation of electronic assets, highlighting the risks linked to the … Read more
The most significant cryptocurrency trading platform globally, Binance, has published its recent Proof of Reserve (PoR) update. This report showcases the vast amount of Shiba Inu tokens, amounting to trillions, held by users on the exchange. Binance Holds Over 67 Trillion Shiba Inu Tokens On Monday, April 1st, Binance released its 17th report verifying their … Read more
Australia’s ASIC announced its intention to challenge the ruling that dismissed the case regarding Finder’s crypto asset product. ASIC believes that Finder’s “Earn” product was distributed without the required permit, leading to insufficient consumer safeguards. Australia’s ASIC to Appeal Against Dismissal of Finder Crypto Asset Case Based on the news, ASIC has initiated an appeal … Read more
Since the start of the year, the competition among AI technologies has become more fierce. To keep up with this rapid advancement, Microsoft is set to unveil new AI functionalities for use on personal computers and in the cloud at its annual Build event. Microsoft to Reveal New AI Cloud Features Based on CNBC’s reports, … Read more
Mike Novogratz’s billionaire firm, Galaxy Digital, has shared some insights about the upcoming Bitcoin halving. Contrary to past trends, where Bitcoin would surpass previous records after a halving, Galaxy Digital suggests a deviation from this pattern based on their analysis of the Bitcoin halving event’s impact. Galaxy Digital Notes Shift in Bitcoin Halving Trend Galaxy … Read more
President Joe Biden maintains a positive outlook on the possibility of the Federal Reserve reducing interest rates in response to the current economic challenges marked by rising inflation. Despite indications of accelerating inflation nationwide, the president stays hopeful. In simpler terms, this predicament poses significant challenges to the economy as it impacts consumer spending and … Read more