In a surprising turn of events, former FTX executive Ryan Salame has decided to withdraw his petition to dismiss the indictment against Michelle Bond just days before a critical court hearing. This decision comes after Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York that the petition was being
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Recent findings from TRM Labs have revealed a troubling trend in the world of cryptocurrency ATMs. These cash-to-crypto services have been found to have processed at least $160 million in illicit volumes since 2019, with the proportion of illicit transactions at these ATMs reaching 1.2% in 2023. This is significantly higher than the 0.63% of
As a proficient writer and enthusiast in the cryptocurrency realm, Opeyemi has found himself deeply immersed in the world of digital assets for over two years. His journey into this space was not initially planned, but he has since become absolutely fascinated by the complexities of blockchain technology and the latest trends in the cryptocurrency
The demand for bitcoin (BTC) in the United States has experienced a surge following comments made by Federal Reserve chair Jerome Powell at the recent Jackson Hole symposium. Specifically, BTC has seen a notable increase in demand from U.S. investors, as reflected in the rise of the Coinbase Premium to 0.11%, its highest level since
The year 2024 has not been kind to Bitcoin, despite the initial excitement surrounding the cryptocurrency. Although Bitcoin managed to surpass its all-time high from 2021 early in the year, reaching an impressive peak before the scheduled halving in March, it has struggled to maintain momentum towards the much-anticipated $100,000 mark. The factors contributing to
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism and content creation. With a focus on blockchain technology and digital assets, Semilore has demonstrated a keen understanding of the complexities and intricacies within the industry. His passion for cryptocurrencies stems from their efficiency in storing and transferring value, leading him to advocate
The US Securities and Exchange Commission (SEC) has recognized the importance of retail investors having more timely access to fund portfolio data. Currently, the regulatory framework requires registered investment companies to provide periodic portfolio holdings data, but this information is often delayed. This delay affects millions of US households and can leave investors with outdated
The U.S. Securities and Exchange Commission (SEC) recently unveiled a massive Ponzi scheme run by two brothers, Jonathan Adam and Tanner Adam. The brothers managed to defraud over 80 individuals by falsely claiming to operate a crypto bot that offered a monthly return of 13.5% to investors. Between January 2023 and June 2024, the Adams
The recent performance of Ethereum (ETH) has left investors and analysts disappointed, especially when compared to Bitcoin’s impressive performance. Data from Farside Investors shows a decline in interest in Ethereum ETFs, raising concerns about Ethereum’s future performance. The lack of sustained investor interest in these ETFs suggests a broader sense of caution surrounding ETH in
In recent news, Ethereum co-founder Vitalik Buterin made another significant transfer of ETH, stirring up conversations within the cryptocurrency community. He moved 800 ETH, valued at around $2.01 million, to a multisig wallet. Following this transfer, a portion of the ETH was swapped for 477,000 USDC, a stablecoin pegged to the U.S. dollar. This movement