In a high-stakes legal battle, bankrupt cryptocurrency exchange FTX has filed a lawsuit against four former employees of its Hong Kong-based affiliate, Salameda. The lawsuit alleges that these individuals exploited their personal connections to withdraw their assets from FTX before the exchange filed for bankruptcy. FTX, along with two affiliated companies, claims that the defendants […]
In 2023, the cryptocurrency industry experienced a mix of challenges and opportunities. Regulatory crackdowns and financial collapses shook the market, while new trends emerged.Several major banks, including Silicon Valley Bank, Signature Bank, and Silvergate, faced collapse, causing panic among customers and impacting crypto companies. Silvergate Bank’s closure led to the shutdown of its instant settlement […]
There are questions surrounding the trial of Sam Bankman-Fried (SBF) and the silence from certain key figures, particularly Senator Elizabeth Warren. John E. Deaton, attorney for XRP holders, has raised thought-provoking questions about Warren’s apparent inaction regarding the fallout from SBF’s trial.One of the main concerns is the lack of investigation or indictments for Joe […]
BYDFi, formerly known as BitYard, is a leading global social trading platform that aims to revolutionize the cryptocurrency trading experience. With a strong user base of over 500,000 individuals spanning across 150 countries, BYDFi has established itself as a trusted and reputable player in the crypto trading industry. The platform offers a wide range of […]
Two heavyweight digital portals in the finance industry, U.Today and Investing.com, have announced an expansion of their collaboration. The partnership aims to provide traders and investors with top-notch content on blockchain, AI, and cryptocurrencies.According to a joint statement, U.Today and Investing.com will continue working together in the content sphere throughout 2024. Investing.com will automatically broadcast […]
VanEck has made amendments to its spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC). The updated filing removes the allowance for in-kind transactions involving Bitcoin, stating that only cash transactions will be permitted. The filing also mentions a potential partnership with Coinbase Custody as an additional custodian, although this is not […]
A Nigerian crypto exchange, Yellow Card, sees the recent guidelines from the Central Bank of Nigeria (CBN) as an opportunity for increased legitimacy and integration with the traditional financial system. The CBN’s decision to lift the ban on crypto transactions is expected to expand Yellow Card’s user base and foster competition and innovation in the […]
A notorious hacking group known as “Pink Drainer” has been exposed as the mastermind behind a series of cybercrimes targeting Discord and Twitter users. These illicit activities have resulted in the theft of over $18 million from more than 9,000 individuals.One of their high-profile heists involved stealing $4.4 million worth of Chainlink (LINK) from a […]
The deadline for spot Bitcoin exchange-traded fund (ETF) applicants in the United States to file final S-1 amendments is today, December 29. This deadline is significant as it will determine which applicants could potentially be approved for the first wave of spot Bitcoin ETFs in early January. The U.S. Securities and Exchange Commission (SEC) has […]
India’s Financial Intelligence Unit (FIU) has requested a ban on nine cryptocurrency exchanges operating in the country, including Binance, Kraken, and Bitfinex. The FIU claims that these exchanges are operating illegally and have failed to comply with national anti-money laundering (AML) and anti-terrorist financing regulations. As a result, the FIU has requested that the websites […]
