Coinbase, a prominent player in the world of cryptocurrency services, is currently facing accusations of improper conduct in U.S. courts. The legal representatives of the platform have strongly denied any wrongdoing and have even requested the dismissal of the case. However, the ongoing legal battle has raised several questions about the platform’s practices and ethical
Crypto
Cryptocurrency enthusiasts are abuzz with excitement as Bitcoin BSC ($BTCBSC), a brand new stake-to-earn cryptocurrency, surpasses the $1.3 million milestone in its presale. With its unique staking model and promising features, Bitcoin BSC is generating overwhelming hype in the market. In this article, we will delve into the details of Bitcoin BSC’s staking system, its
Recently, global cryptocurrency exchange CoinEx fell victim to a devastating hack, resulting in a loss of at least $29 million. The cyberattack, which was brought to light by crypto security platform Cyvers, prompted an immediate call to cease all deposits and withdrawals on the exchange. The breach affected multiple blockchains, with significant assets stolen from
A decade-long saga of frustration, legal battles, and an elusive treasure has unfolded in Newport, as a resident seeks to retrieve a hard drive containing 8,000 Bitcoins (BTC) mistakenly disposed of in a landfill. James Howells, the investor in question, now plans to file a lawsuit against the city’s local council for denying his request
Grayscale’s recent victory over the SEC has been hailed as a significant setback for the financial regulator’s efforts to rein in the cryptocurrency industry. However, while this win may have dealt a blow to the SEC, it did not lead to a notable increase in crypto asset accumulation in the spot market. In fact, according
The recent bankruptcy of FTX, a crypto exchange that plans to restart operations, has put professional athletes and teams in a difficult position. The exchange had paid millions of dollars to prominent figures such as Shaquille O’Neal and Naomi Osaka for promotional purposes. Now, FTX is looking to recover some of that money as it
In a bold move to revolutionize cross-border payments and settlements, American financial services giant JP Morgan is venturing into the realm of digital tokens. Specifically, the multinational firm has been developing the necessary infrastructure to launch a deposit token, pending regulatory approval from U.S. authorities. This deposit token would serve as a digital representation of
Crypto lender Celsius Network recently filed an “adversary complaint” against EquitiesFirst Holdings, a private lender that reportedly owes $439 million. In an attempt to recoup its assets, Celsius is seeking injunctive relief and a declaratory judgment related to the recovery of money and property. The complaint names EquitiesFirst and its CEO, Alexander Christy, as defendants.
The cryptocurrency community was abuzz with speculation after Twitter users hinted that Jim Cramer, the host of CNBC’s “Mad Money,” had expressed his approval of Binance, the largest cryptocurrency exchange. However, Changpeng Zhao, the CEO of Binance, quickly dismissed these rumors, and crypto proponents took it as good news for the trading venue due to
Bitcoin, the world’s largest cryptocurrency, is famous for its four-year price cycles that align with its “halving” schedule. However, the question remains – are these phenomena truly connected, or is it merely a coincidence? Some analysts argue that Bitcoin’s cyclical movements are influenced by macroeconomic conditions rather than its halving events. One crypto trading analyst,
