Antonio Juliano, the founder of dYdX, a decentralized exchange (DEX), has expressed skepticism about the current crypto bull run. He attributes the recent price surge to “light trading volumes,” suggesting that this might not sustain the uptrend despite overall confidence.According to Juliano, a true bull cycle is not solely defined by price action but also […]
Crypto auditing organization, CertiK, has reportedly fallen victim to a phishing scam, with fraudulent URLs posing as legitimate social media posts being used to steal cryptocurrency from user wallets. The company’s social media account, which boasts over 340,000 followers, appears to have shared a deceptive link, urging users to use it for protection against a […]
Fintech firm Dave has reached an agreement to purchase a $100-million convertible promissory note from FTX Ventures, the venture capital arm of bankrupt crypto exchange FTX. The note will be bought at a discounted price of $71 million, pending approval from a bankruptcy court.Dave, a mobile application that offers financial services such as savings accounts […]
Taiwan’s law enforcement has recently uncovered and dismantled the largest cryptocurrency fraud scheme in the country’s history. The authorities conducted raids across multiple cities, seizing over NT$1 billion ($32.2 million USD) in illegal profits.The fraud scheme was operated by ACE Exchange, one of Taiwan’s largest cryptocurrency exchanges. The exchange used its reputable image to attract […]
Taiwan’s law enforcement has recently uncovered and dismantled the largest cryptocurrency fraud scheme in the country’s history. The authorities conducted raids across multiple cities, seizing over NT$1 billion, or $32.2 million USD, of illegal profits.The fraud scheme was operated by ACE Exchange, one of Taiwan’s largest cryptocurrency exchanges. The exchange used its reputable image to […]
The Securities and Exchange Commission (SEC) is intensifying its pursuit of crypto exchanges Binance and Coinbase in ongoing legal battles. To strengthen its arguments, the SEC has referenced a recent landmark case in court.In its case against Binance, the SEC filed a notice of supplemental authority, highlighting Judge Jed Rakoff’s ruling in the Terraform case. […]
The US Securities and Exchange Commission (SEC) has filed a federal court document requesting a summary judgment ruling in its lawsuit against cryptocurrency exchange Binance. The SEC argues that specific issues raised in its case against Terraform Labs and its co-founder Do Kwon are also present in the enforcement action against Binance, Binance US, and […]
Uniswap, a popular decentralized finance (defi) protocol on the Ethereum platform, has emerged as a leader in the Ethereum blockspace. With an impressive 43 million transactions and 7.4 trillion gas, Uniswap outperformed other protocols by a significant margin. Introduced in 2018 by Hayden Adams, Uniswap operates on the Solidity programming language and allows users to […]
The United States Securities and Exchange Commission (SEC) has filed a motion in federal court requesting a summary judgment ruling in its case against cryptocurrency exchange Binance. The SEC argues that a recent ruling in a similar case against Terraform Labs and its co-founder Do Kwon supports its enforcement action against Binance, Binance.US, and former […]
Asset managers Grayscale Investments and VanEck have filed notices with the United States Securities and Exchange Commission (SEC) to register shares of a spot Bitcoin exchange-traded fund (ETF) on stock exchanges. This follows a similar registration from the Fidelity Wise Origin Bitcoin Fund. The SEC is expected to make a decision on these ETF applications […]
