A decision that is of great significance has been handed down by the United States District Court for the Southern District of New York. A judge named Gregory Woods gave his approval to an order that required Voyager Digital and its affiliates to make a payment of $1.65 billion to the Federal Trade Commission (FTC) … Continue reading Voyager Digital Agrees to $1.65 Billion Settlement with FTC in Landmark Case
Binance.US, the American arm of the globally renowned cryptocurrency exchange Binance, has made a significant announcement concerning its operations and leadership structure. This news comes in the wake of recent settlements involving Binance.com and its founder, Changpeng “CZ” Zhao. Binance.US took to Twitter on November 29, 2023, to clarify its position and operational independence from … Continue reading Binance.US Distances Itself from Binance.com; CZ Steps Down as Chairman
Circle, a leading issuer of stablecoins, has recently addressed and strongly refuted allegations regarding its involvement in illicit financing and alleged connections with Justin Sun, the founder of Tron. These claims, brought forward by the nonprofit watchdog organization, Campaign for Accountability (CfA), prompted Circle’s Chief Strategy Officer and Head of Public Policy, Dante Disparte, to … Continue reading Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun
Grayscale Investments, a leading cryptocurrency trust manager, has announced the resignation of Barry Silbert from its board of directors. Silbert, recognized as the founder and CEO of Digital Currency Group (DCG), the parent company of Grayscale, officially stepped down as of January 1, 2024. This move comes amidst a challenging period for the crypto industry, … Continue reading Barry Silbert Resigns from Grayscale Investments Board Amidst Industry Challenges
Binance, Kraken, Mexc, and Kucoin are among the biggest cryptocurrency exchanges that have been targeted by the Indian Financial Intelligence Unit (FIU), which has taken further measures against them by deleting their applications from the Apple App Store in India. As a result of the enactment of new taxation rules on virtual currencies in the … Continue reading India's Crackdown on Crypto Exchanges: Binance, Kraken, Mexc, and Kucoin Delisted from App Store
With the launch of the DeRec Alliance, a pioneering partnership between the Hedera (HBAR) and Algorand (ALGO) ecosystems, the blockchain world has taken a step forward in recovering your cryptocurrenies. This collaboration took place between the two ecosystems. The goal of this cooperation, which was unveiled at the CFC St. Moritz conference in Switzerland, is to … Continue reading Hedera (HBAR) and Algorand (ALGO) Form DeRec Alliance for Decentralized Recovery
The U.S. Securities and Exchange Commission (SEC) recently approved eleven spot Bitcoin exchange-traded funds (ETFs), marking a significant milestone in the integration of cryptocurrencies into mainstream financial markets. Of these, eight are in partnership with Coinbase, highlighting the platform’s critical role in this development. Historical Context and Significance This decision by the SEC is seen … Continue reading Coinbase's Custodial Role in New Bitcoin Spot ETFs Marks a Crypto Milestone
Peter Kambolin, the former CEO of Systematic Alpha Management LLC (SAM), has been sentenced, for his involvement in a fraudulent “cherry-picking” scheme involving cryptocurrency futures contracts. In April 2023, the U.S. Commodity Futures Trading Commission (CFTC) charged Kambolin and SAM with executing a scheme that involved allocating profitable futures trades in crypto to their in-house accounts, … Continue reading Peter Kambolin Sentenced for Fraudulent Scheme in Cryptocurrency Futures Trading
MicroStrategy Incorporated, a titan in the realm of business intelligence and the largest corporate holder of bitcoin, revealed its financial outcomes for Q4 2023, a period marked by ambitious digital asset acquisitions and a nuanced shift in its revenue structure. Despite a year-over-year revenue decrease, the company’s strategic maneuvers in the cryptocurrency domain underscore a … Continue reading MicroStrategy's Bitcoin Holdings Reach 190,000 Amid Q4 Financials
The cryptocurrency market saw significant price movement among both gainers and losers over the past 24 hours. According to CoinMarketCap data, Siacoin and UNUS SED LEO were among the biggest gainers, while Starknet saw the largest losses. Siacoin (SC) rallied 14.48% to $0.01673, seeing over $312 million in trading volume. UNUS SED LEO (LEO) also … Continue reading Siacoin (SC), LEO Surge Over 14% as Starknet (STRK) Sinks 21% Among Top Cryptocurrency Movers