Recently, a federal judge in California expressed his inclination to allow the US Securities and Exchange Commission’s lawsuit against Kraken to proceed. This decision has raised uncertainties about Kraken’s efforts to have the case dismissed. Judge William Orrick hinted that he was leaning towards denying Kraken’s request as he listened to the exchange’s oral arguments.
The US Commodity Futures Trading Commission (CFTC) recently launched an investigation into Jump Crypto, a significant player in the DeFi space, for reasons that have not yet been disclosed. According to Forbes, the federal agency is looking into the firm’s trading and investment activities in the crypto sector. Despite this scrutiny, there have been no
Santiment, an on-chain analytics platform, has highlighted a key factor that may contribute to the potential for Cardano (ADA) and XRP to experience further upward movement in the crypto market. Despite both tokens recently seeing relief pumps following a decline, market traders remain cautious, viewing these movements as merely temporary. In a post on X
As Ethereum, the second-largest cryptocurrency by market capitalization, continues to trade in a consolidation phase, uncertainty looms over traders and investors alike. The price stability observed in Ethereum’s recent trading range has fueled speculation on its next move. With key support and resistance levels in focus, market participants are keeping a close eye on technical
Binance, the leading cryptocurrency exchange globally, is presently facing a barrage of regulatory challenges across various jurisdictions, including India, Canada, and the United States. The most recent setback for Binance came on June 19 when India’s Financial Intelligence Unit (FIU) levied a hefty fine of 188.2 million Indian Rupees (around $2.2 million) against the exchange
In the past 24 hours, major cryptocurrencies such as Bitcoin, Ethereum, and Ripple have shown minor gains, indicating a recovery from the losses experienced in the previous days. This positive trend has brought some relief to investors who were worried about the bearish market conditions. Additionally, AI-related coins like Fetch.ai have seen significant pumps, showcasing
NVIDIA, once seen as a leading force on Wall Street, has now claimed the title of the largest market capitalization in the world, surpassing even tech giant Microsoft. In a surprising turn of events, the company witnessed a significant increase of approximately 3.5% in its stock price over the last 24 hours. This impressive growth
Recently, it was revealed that an undisclosed white-hat hacker group managed to steal approximately $3 million worth of digital assets from leading cryptocurrency exchange Kraken. The hackers exploited a bug in the platform’s system, allowing them to inflate their balances artificially and withdraw funds without completing deposits. One security researcher alerted Kraken about an “extremely
AppNest, the newly launched decentralized app store by APhone, is set to disrupt the traditional mobile app market currently dominated by tech giants like Apple and Google. This platform aims to revolutionize how applications are accessed and managed by users worldwide. The key highlight of AppNest is its developer-friendly approach, eliminating the hefty fees of
Montenegrin Prime Minister Milojko Spajic’s involvement as one of the early investors in Terraform Labs has recently come to light. Court documents released by the U.S. Securities and Exchange Commission (SEC) reveal that Spajic made an initial investment of $75,000 in April 2018, acquiring 750,000 Luna tokens. At their peak, these tokens were valued at