The SEC, which is the securities regulatory body in the United States, intends to levy significant fines against Terraform Labs and its founder Do Kwon, following a decision in a civil lawsuit. In a court filing dated April 19, 2023, in the Southern District of New York, the SEC requests that approximately $4.7 billion be … Read more
In the past three months, there has been a significant increase in investments in Bitcoin ETFs, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) being the frontrunner. After receiving the green light from the US Securities and Exchange Commission (SEC) on January 10, Bitcoin ETF trading has been active. Alternatively, BlackRock distinguishes itself with an uninterrupted … Read more
In reaction to fresh U.S. sanctions, Venezuela has ramped up the application of digital currencies in oil deals. PDVSA, the national oil company, has progressively incorporated cryptocurrency as a payment method for crude oil and fuel exports over the past few years. This move aims to bypass the freezing of export earnings due to trade … Read more
Some people argue that the recently proposed stablecoin regulation Bill, which Senators Cynthia Lummis and Kirsten Gillibrand are co-sponsoring, could severely limit innovative advancements in the US. The Now Popular Stablecoin Regulation Bill Last week, Senators Lummis and Gillibrand presented a 179-page proposal to regulate and clarify the legal status of stablecoin cryptocurrencies, which are … Read more
According to crypto expert Ali Martinez, the popular meme coin Dogecoin (DOGE) could reach a dollar in value fairly quickly based on his latest assessment. Dogecoin’s Chart Flashes Buy Signal Martinez posted on X (previously Twitter) that the TD Sequential indicator signaled a buy opportunity for Dogecoin’s daily chart. This potentially means a one to … Read more
Nadeem Anjarwalla, a Binance executive involved in a legal dispute with Nigeria’s government, was apprehended in Kenya intending to send him back to Nigeria for further proceedings. Two men traveled to Nigeria to consult with officials about concerns surrounding Binance’s peer-to-peer platform and the local currency. Nigerian officials accused Binance of serving as an intermediary … Read more
Bitcoin traders are now focusing more on geopolitical events to predict Bitcoin’s price direction rather than the halving event itself. As reported by Reuters, industry experts stated on Monday that Bitcoin’s price movements are primarily driven by broader financial market sentiments and geopolitical factors. However, the halving event of Bitcoin has yet to significantly impact … Read more
Ledger, a company that offers crypto hardware wallets, has deepened its collaboration with MoonPay, a digital payment processor located in Miami. The goal is to improve the cryptocurrency trading process by incorporating new functionalities into Ledger’s platform, Ledger Live. These enhancements include functions enabling swift and secure cryptocurrency purchases and token exchanges, designed to deliver … Read more
At his recent rally, Robert F. Kennedy Jr., an American politician supporting cryptocurrencies, pledged to employ blockchain technology to promote “transparency for citizens” should he win the election. Known for his advocacy for blockchain and the crypto sector, Kennedy has garnered backing from industry influencers due to his stance. The US Budget To Be “On … Read more
Two lawyers from the Securities and Exchange Commission (SEC) in the USA are said to have stepped down following harsh criticism from a federal judge over the agency’s “misuse of authority” and “unfair actions” in the Debt Box crypto case. The attorneys’ departures stem from allegations of improper conduct by the SEC during this high-profile … Read more