With a bearish start to the week, Bitcoin is struggling to absorb overhead supply. The price has dropped by 0.92% on Sunday after being rejected at the $38K level. The bearish momentum persists, leading to a 0.29% drop at press…
Binance’s settlement with the U.S. government is positive for the crypto industry as well as the exchange, JPMorgan (JPM) said in a research report Thursday. For the wider market, the exchange’s deal “would see significant reduction of a potential systemic…
Changpeng Zhao, also known as CZ, is a prominent figure in the cryptocurrency industry as the founder and CEO of Binance, one of the world’s largest cryptocurrency exchanges. However, his success has not come without its share of legal challenges.…
A Week of Regulatory Developments and the Role of Bitcoin in the Portfolio It has been a busy week in the US regulatory space, with significant developments affecting cryptocurrency exchanges. Meanwhile, bitcoin’s stature as a global financial asset continues to…
Changpeng “CZ” Zhao has resigned as CEO of Binance after the company pleaded guilty to federal charges of money laundering and was fined $4.3 billion. This has further eroded confidence in the world’s biggest crypto exchange. However, Binance quickly responded…
Binance CEO Changpeng “CZ” Zhao is stepping down as part of a plea agreement that will see Binance paying over $7 billion in fines to the US Treasury and Commodity Futures Trading Commission. The massive penalty is aimed at resolving…
Joel Dietz, a founding member of Ethereum, is suing former collaborator Aaron Davis, as well as other individuals and companies, for allegedly swindling him out of an ownership stake in MetaMask, an Ethereum-based crypto wallet. Dietz claims that the lawsuit…
Major cryptocurrencies traded in a mixed manner on Monday evening, as there is an ongoing concern about the future of the world’s largest crypto exchange Binance. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m. EST) Bitcoin (CRYPTO: BTC) +0.86% $37,588 Ethereum…
Bhutan, the isolated Himalayan Kingdom, has been secretly building its own bitcoin mining operation with government support. The locations of these state-owned mines, previously undisclosed, have been uncovered by Forbes using satellite imagery. Four mines have been identified, including one…
The digital market space continues to see deals and investments despite a downward trend in 2023. Binance Research’s latest report shows that gaming and infrastructure projects have contributed significantly to this sustained growth. While traditional venture capital (VC) share has…