Optimism surrounding the approval of a spot bitcoin exchange-traded fund (ETF) application has sparked a significant increase in BTC’s price, with a nearly 49% gain since October. The Securities and Exchange Commission (SEC) is expected to review and decide on multiple applications …
FTX Founder Sam Bankman-Fried will not face a second criminal trial, federal prosecutors said Friday in a letter filed in New York federal court. In the letter, prosecutors suggested a second trial would “delay” a “timely and just resolution of the case.” …
The Indian government has taken action against nine offshore cryptocurrency exchanges for non-compliance with the Prevention of Money Laundering Act (PMLA). The Financial Intelligence Unit (FIU), which operates under the Finance Ministry, issued compliance show cause notices to Binance, KuCoin, Huobi, Kraken, …
Debunking Bitcoin Myths – A Guide for Financial Advisors As we bid farewell to 2021, the crypto world is still recovering from the aftermath of the FTX debacle and Terra LUNA’s collapse. These events shook the industry, causing a loss of trust, …
Crypto exchange Binance experienced significant growth in its user base in 2023, according to CEO Richard Teng. Despite facing challenges such as a settlement with U.S. regulators and the departure of founder Changpeng “CZ” Zhao, Binance managed to attract new users and …
Solana (SOL) experienced a significant decline of almost 6% over the past 24 hours, dropping to $98. This decline comes as the previous weeks’ frenzy surrounding the Solana ecosystem and the rally of Solana-based meme coins showed signs of losing momentum. Data …
Canadian crypto exchange Catalyx has temporarily halted all trading, deposits, and withdrawals after experiencing a security breach that resulted in the loss of some customer funds. The company, CatalX CTX Ltd., has initiated an investigation into the incident, which may involve an …
A U.S. federal judge has ruled that Terraform Labs, the creator of Terra and Luna cryptocurrencies, violated federal securities laws by selling its cryptocurrencies to the public. Judge Jed Rakoff of the U.S. District Court for the Southern District of New York …
The Solana blockchain’s native token SOL has surged past the $100 mark, reaching a price level not seen since the collapse of Terra over a year and a half ago. As of now, SOL is valued at around $102 per coin, marking …
Crypto traders are shifting their focus to alternative cryptocurrencies as 2023 comes to a close, according to data tracked by Coinalyze. The dollar value locked in active futures contracts tied to bitcoin now represents only 38% of the market-wide notional futures open …