Cristiano Ronaldo is facing a class-action lawsuit for promoting Binance, the cryptocurrency exchange. The lawsuit was filed by investors who claim that Ronaldo’s endorsement led them to make loss-making investments. This is not the first time celebrity endorsers have been…
Despite recent troubles, including a $4.3 billion fine settlement with the US DOJ and a leadership change with CEO Changpeng Zhao resigning, Binance maintains its position as a leading cryptocurrency exchange with a market share of almost 50%. Binance’s market…
Grayscale Bitcoin Trust (GBTC) is making updates to its trust agreement in preparation for potentially uplisting to a spot bitcoin exchange-traded fund (ETF). The updates involve two modifications. The first change allows fees to be paid daily instead of monthly,…
Ethereum’s price has been on the rise for the past few months, breaking above several resistance levels. Yet, the market is currently consolidating around the $2,000 mark, failing to continue its bullish momentum. The Daily Chart On the daily timeframe,…
Chainlink, the biggest blockchain oracle project, has announced the launch of the “v0.2” upgrade for its native staking mechanism. This upgrade expands the pool size to 45 million LINK, representing 8% of the circulating supply, and increases accessibility to a…
OCEAN, a decentralized Bitcoin platform, has recently secured $6.2 million in seed funding, with Jack Dorsey playing a major role in leading the funding. The investment will help OCEAN gain public exposure and raise awareness about Bitcoin, as well as…
After hitting yearly highs on Friday, the total crypto market cap (TMC) has pulled back 1.3% over the past 24 hours to $1.4 trillion as many coins enter a period of consolidation and correction. This dip comes after Bitcoin and…
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.…