John Reed Stark, a former SEC enforcement official, has been vocal for months about his speculation that the US Department of Justice (DOJ) is about to take action against Binance. His latest claim is based on a Wall Street Journal report that reveals the exchange’s connections with sanctioned banks and its involvement in large-scale ruble-to-crypto […]
Shiba Inu recently released the Shiba Inu World Paper, also known as the SHIBPaper, which provides detailed insights into the entire Shiba Inu project. This includes its services, products, partners, platforms, and ecosystem tokens. The paper also introduces a novel concept known as the Shiba Inu state, which aims to introduce a layer of trust […]
Titan Global Capital Management USA LLC has been accused of misleading investors by the SEC. The company allegedly advertised a hypothetical performance of their services leading to annualized gains as high as 2,700%, which was based on performances recorded over three weeks. They also used improper hedge clauses, customer signatures without their consent, and misled […]
The Jackson Hole meeting, an annual economic symposium attended by international central bankers and finance ministers, is set to take place from August 24 to 26 this year. Bloomberg Intelligence has constructed a comprehensive chart, put together by Markets & Mayhem, which reveals a consistent pattern of stock price increases in the week following the […]
Bitcoin Ordinals fees have dropped significantly in the last two weeks, mirroring the general performance of BTC prices which have been under pressure. According to Dune Analytics data, the average daily fees generated from Bitcoin Ordinals stood at $71,709 as of August 21, down from $94,910 on August 14. This is a 24% drop in […]
Binance.US, a crypto exchange, has recently partnered with MoonPay, a payment startup, to provide customers with an alternative means to convert dollars into cryptocurrencies. This collaboration comes after the exchange has encountered many legal and financial obstacles due to heightened regulatory scrutiny, which has prevented customers from depositing or withdrawing dollars for over a month.MoonPay […]
BlockFi, a bankrupt cryptocurrency lender, is attempting to block FTX and Three Arrows Capital (3AC) from retrieving hundreds of millions of dollars to pay back their creditors. BlockFi claims that FTX misappropriated $5 billion of the loan it provided and that BlockFi’s creditors should not be pushed to the back of the line. FTX also […]
The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) have released a report detailing the findings of their pilot program exploring the use cases for a potential e-AUD, a central bank digital currency (CBDC). The pilot found four primary areas which could be improved by a CBDC, including enabling complex […]
Balancer, a DeFi lending pioneer, recently received a vulnerability report that found over 100 of its V2 pools were at risk. The team quickly secured over 80% of the funds, but roughly $10 million remains at risk. To protect users, Balancer created an Emergency SubDAO that paused the pools and allowed users to only withdraw […]
Xiao Yi, a former Chinese government official, has been sentenced to life in prison for helping subsidize a secret, large-scale Bitcoin mining operation within the country’s borders, alongside unrelated acts of corruption. Yi pled guilty to the charges and has already returned the stolen funds and seen the seizure of both the bribes and his […]
