The landscape of cryptocurrency regulation has undergone a seismic shift, particularly following the high-profile downfall of the FTX exchange and its affiliated firm, Alameda. With a stunning $12.7 billion in fines imposed on the two entities, these penalties mark a watershed moment for the cryptocurrency sector. The significance of this regulatory action cannot be overstated;
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In the past day, the cryptocurrency market has exhibited a notable degree of stability, with its total market capitalization hovering around $2.29 trillion. This steady figure reflects a marked decrease in volatility among major assets, especially Bitcoin and several prominent altcoins. Traditionally, the weekends witness lower trading volumes, which can lead to calmer market conditions,
Marat Tambiyev’s ascent in the Investigative Committee of Russia (ICR) reflects a career marked by both recognition and peril. Joining the ICR in 2011, he swiftly demonstrated his capabilities, taking on vital roles within various investigative departments. His notable progression culminated in a prestigious position as the head of the investigative division in Moscow’s Tverskoy
The world of cryptocurrency often dazzles with the allure of rapid wealth generation, but it also harbors a darker side, exemplified by the recent case of David Kagel, an 86-year-old ex-attorney sentenced for orchestrating a deceitful Ponzi scheme. His operation, which spanned from late 2017 to mid-2022, bilked investors out of nearly $15 million under
In a striking turn of events, Bitcoin’s value ascended past the remarkable threshold of $63,000, peaking at approximately $63,400. Despite a slight correction leading to a current trading price of around $62,700, this still marks an impressive increase of 4% within a mere 24-hour span. Notably, Bitcoin has outshined other leading cryptocurrencies, which are mainly
The landscape of cryptocurrency has recently experienced a significant transformation, primarily fueled by the impressive growth of stablecoins. As of October 2023, major USD-backed stablecoins have reached a total market capitalization of $169 billion—an increase of 31%, or $40 billion, since the start of the year. This surge indicates not only a growing acceptance of
In a strategic move, Binance, the world’s leading cryptocurrency exchange, has introduced new trading bot services to enhance user engagement and functionality. This decision, which was made public on October 11, marks a significant addition to their Spot trading offerings, specifically targeting three trading pairs: PEPE/FDUSD, SUI/FDUSD, and EIGEN/TRY. However, the exchange has also taken
The legal battle between the Nigerian Securities and Exchange Commission (SEC) and Binance, the prominent cryptocurrency exchange, marks a significant chapter in the intersection of finance and regulation in Nigeria. Since February, Tigran Gambaryan, Binance’s head of financial crime compliance, has been entangled in legal challenges that underscore the complexities of regulating international financial entities.
In recent weeks, the meme coin Shiba Inu (SHIB) has faced considerable market challenges, with a notable 13% drop in its value over the last two weeks. As per data from CoinGecko, despite a brief recovery from yesterday’s peak, SHIB remains in the negative territory, highlighting a concerning trend for investors and enthusiasts alike. This
On October 11, a significant number of Bitcoin options contracts, totaling approximately 18,800, are set to expire, representing a notional value around $1.1 billion. This expiry echoes the scenario witnessed in the preceding week, characterized by diminishing implied volatility and a contraction in the scale of these expiry events. The implication is that the upcoming