Tigran Gambaryan, a high-ranking official at Binance, has recently taken legal action against the National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC) in Nigeria. This bold move comes after Gambaryan, an American citizen, was wrongfully detained by Nigerian authorities. The case sheds light on the questionable tactics employed by the Nigerian
Crypto
It has come to light that Kerrisdale Capital recently released a report suggesting that MicroStrategy’s shares are currently trading at an unjustifiably high premium. This premium, which represents over two and a half times the spot price of Bitcoin, has raised concerns about the true value of the company’s stock. Kerrisdale Capital argues that for
Recently, Prisma Finance fell victim to a malicious attack where $11.6 million was stolen from the decentralized finance (DeFi) protocol. The hacker behind this act claimed that it was a “whitehat rescue” and expressed a desire to return the funds. This term refers to ethical hackers who identify and remedy security flaws in software code.
Coin Bureau’s host, Guy Turner, recently shared his bullish outlook on SOL with his two million YouTube followers. Turner predicts a potential breakout of 35% to 45% above the $300 mark for SOL, citing promising weekly and monthly charts from the beginning of 2024. He describes SOL as “incredibly bullish” on both timeframes, despite facing
Matt Hougan, the Chief Investment Officer of Bitwise, has made some interesting observations regarding the adoption of Bitcoin exchange-traded funds (ETFs). According to him, the influx of investments into Bitcoin ETFs is expected to continue in the coming years as more investors and institutions embrace these products. Variation in Adoption Pace During a recent 20-day
It has recently come to light that major crypto exchange KuCoin, along with two of its founders, has been accused of failing to implement anti-money laundering (AML) and know-your-customer (KYC) procedures. According to United States prosecutors, the absence of these crucial procedures on KuCoin enabled the platform to be used for money laundering activities involving
Recently, there was a significant transfer of $6 billion worth of Bitcoin from the fifth richest Bitcoin address to three new wallets. This transfer caught the attention of many within the cryptocurrency community due to the sheer magnitude of the transaction. The transfer, which took place over the weekend, involved an address that was initially
Ark Invest made headlines recently with their decision to sell 74,291 Coinbase shares, valued at $20.8 million, across three of their exchange-traded funds. This move comes on the heels of a previous sale of over $100 million worth of Coinbase shares last week, coinciding with a surge in the price of COIN to new yearly
CommEX, a cryptocurrency exchange that took over Binance’s operations in Russia, recently announced its decision to cease operations in the country. This came after Binance announced its exit from Russia in September 2023, citing the need for a year-long process to complete the departure. However, CommEX is now following suit and winding down its operations
The legal battle between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing for over three years now and is finally reaching its trial phase scheduled on April 23. Despite the adversarial nature of the situation, recent developments have shown a surprising collaborative effort between the two parties. An important joint letter