Billionaire Mark Cuban has accused Gary Gensler, the head of the Securities and Exchange Commission (SEC), of intentionally making it impossible for crypto companies to comply with registration rules. In a social media post, Cuban said that the SEC’s actions are “destroying the crypto industry” by making it unrealistic for companies to operate legally. Costly…
A whale has sold off their altcoin holdings, losing a staggering $8.43 million as prices plunged. Ethereum, Optimism, and Arbitrum Dumped The whale sold off their positions in Ethereum (ETH), Optimism (OP), and Arbitrum (ARB), according to on-chain data from Lookonchain. The wallet addresses associated with the whale start with 0x12199 and 0xac218. Ethereum: Sold…
Infinite Block, a Korean virtual asset service provider, has joined the XRP Ledger as a validator. Korea’s Commitment to Blockchain Infinite Block, led by CEO Jung Gu-tae, aims to promote the stable growth of the XRP Ledger within Korea’s strict regulatory framework. The company is known for its compliance with Korea’s virtual asset regulations. XRP…
Resilience in a Bear Market While many altcoins have struggled during the recent downturn, Pepe Coin (PEPE) has defied the trend, showing remarkable resilience. This strength has attracted attention from investors, boosting confidence in the meme coin. Strong Performance Over the past month, PEPE has surged by 20%, reaching a price of $0.058. Daily trading…
Two Bitcoin wallets that have been dormant for over a decade have suddenly become active, surprising the market. These “whale” wallets have made large transactions, reaping massive profits from their early investments in Bitcoin. Early Bitcoin Investors Strike Gold On-chain analytics platform Lookonchain revealed that two whale wallets, “16vRqA” and “1DUJuH,” have been inactive for…
Lack of Interest and Practicality China’s digital yuan (e-CNY) has faced a setback in adoption. Despite government claims of high transaction volumes, many early adopters are converting it back to cash. State employees receiving digital yuan as part of their salaries are not finding it useful or convenient. Privacy Concerns The e-CNY has raised concerns…
Toronto Dominion (TD), a major bank, is preparing to pay a hefty fine of $450 million to the US government. The penalty stems from an inadequate anti-money laundering (AML) program that failed to effectively detect, report, and respond to suspicious activity. TD has set aside an initial provision of $450 million to cover the fine….
Crypto analyst Michaël van de Poppe believes that Ethereum (ETH) is poised for a major reversal. Ethereum’s Pivotal Moment Van de Poppe predicts that the SEC’s decision on spot ETH ETFs will be a “big moment” for the cryptocurrency. If the applications are denied or delayed, he believes ETH will rally from its current price…
The US Department of Justice (DOJ) has appointed Forensic Risk Alliance (FRA), a London-based consulting firm, to monitor Binance, the world’s largest cryptocurrency exchange, for three years. Reason for Monitoring Binance recently pleaded guilty to violating anti-money laundering (AML) and sanctions laws. As part of the plea deal, the company agreed to appoint an independent…
A woman who discovered a massive sum of money missing from her Wells Fargo account has accused the bank of failing to protect its customers. The Theft The victim, who wishes to remain anonymous, claims that thieves stole over $81,000 from her account through electronic transfers. Despite having only withdrawn money three times in the…
