Category: Crypto

The collapse of major cryptocurrency exchanges like FTX in the Caribbean region led to widespread doubt and a decrease in participation in the cryptocurrency landscape. For several months, the air was thick with skepticism as investors reevaluated their positions and questioned the viability of crypto platforms. Trust, once a currency itself in the world of…

In the ever-fluctuating world of cryptocurrencies, the past 24 hours have exhibited a notable sense of calm. At a total market capitalization that has stabilized around $2.29 trillion, this period reflects a pause after previous fluctuations. Both Bitcoin and various large-cap altcoins have experienced minimal volatility, suggesting that traders may be holding their positions rather…

The case of Marat Tambiyev, a mid-ranking investigator within Russia’s Investigative Committee (ICR), represents a significant scandal that has sent shockwaves throughout the nation. Once standing at a prominent position as the head of the investigative division in Moscow’s Tverskoy District, Tambiyev’s career unraveled dramatically when he was found guilty of accepting a staggering bribe…

The cryptocurrency industry has faced an unparalleled wave of regulatory scrutiny that has culminated in staggering fines, amounting to a staggering total of nearly $32 billion across various settlements. At the forefront of this enforcement surge are FTX and its associated trading firm, Alameda, which together account for an eye-watering $12.7 billion in fines. This…

Tether, a prominent player in the crypto industry, is commemorating its tenth anniversary, marking a decade of impactful innovations that have fundamentally reshaped the digital asset landscape. In a significant announcement, the company revealed plans to release a documentary titled “Stability and Freedom in Chaos,” which seeks to explore its contributions to the financial ecosystems…

The recent legal actions taken against three cryptocurrency companies, alongside 15 individuals, represent not only a significant crackdown on fraud but also underscore the vulnerabilities that persist within the crypto landscape. The U.S. Federal Bureau of Investigation (FBI), having launched an extensive investigation, emerged with startling revelations following the establishment of a new digital token…

In a troubling chapter of financial crime, an 86-year-old ex-attorney, David Kagel, has been sentenced to five years of probation for orchestrating a deceitful Ponzi scheme centered around cryptocurrency investments. The Las Vegas federal court ruling, delivered on October 8, not only imposed a probationary sentence but also mandated Kagel to repay a staggering $14…

In recent months, stablecoins have experienced remarkable growth, reaching unprecedented market capitalization levels. The surge is particularly significant as the total market cap of major USD-backed stablecoins has hit $169 billion, marking a substantial 31% increase from the beginning of the year. This development is not merely a statistical anomaly; it signifies an influx of…

Bitcoin has recently surged to an impressive price point, breaking through the $63,000 barrier and registering a peak around $63,400. Although the cryptocurrency has since seen a minor retracement to approximately $62,700, this still indicates a noteworthy 4% gain over the past day. This sharp increase not only solidifies Bitcoin’s position in the market but…

In a troubling revelation, Fidelity Investments, a titan in the asset management arena, has reported a significant data breach that compromised the personal information of more than 77,000 customers. This breach occurred over a span of just three days, from August 17 to August 19, 2024, revealing vulnerabilities in the company’s data security protocols. During…

The case involving Binance, the world’s largest cryptocurrency exchange, and the Nigerian Securities and Exchange Commission (SEC) illustrates the complexities and challenges within the intersection of cryptocurrency regulation and legal frameworks. This situation has escalated, particularly following the detention of a key executive, Tigran Gambaryan, who has remained in custody since February. The case has…

As one of the foremost players in the cryptocurrency market, Binance continues to reshape the landscape by introducing innovative trading services and occasionally retracting lesser-performing pairs. This week, a significant expansion took place with the addition of trading bot services for three specific cryptocurrency pairs: PEPE/FDUSD, SUI/FDUSD, and EIGEN/TRY. However, the introduction of these new…

On October 11, a significant number of Bitcoin options contracts, approximately 18,800, are set to expire with a notional value nearing $1.1 billion. This event mirrors last week’s options expiry in terms of market behavior; as implied volatility appears to be declining and the scale of expiry events has diminished. This reduction suggests that there…

Over the last fortnight, the Shiba Inu (SHIB) cryptocurrency has faced a significant downturn, experiencing a 13% drop in value according to data from CoinGecko. This decline reflects a broader trend of negative sentiment circulating within crypto communities, particularly on platforms like Telegram. Despite a momentary recovery from a recent price low, SHIB remains mired…