Kraken, a major cryptocurrency exchange, is facing a major legal hurdle. A California judge has ruled that the US Securities and Exchange Commission (SEC) can move forward with its lawsuit against the company. SEC’s Claims The SEC claims that Kraken has been operating an unregistered securities exchange. They argue that certain crypto tokens sold on…
Chinese authorities have extradited a man suspected of running a massive $14 billion cryptocurrency pyramid scheme. This marks the first time China has extradited someone for an economic crime from Thailand. The Case of Zhang Moumou Zhang Moumou, the alleged mastermind behind the scheme, was extradited from Thailand as part of China’s “Operation Fox Hunt.”…
Bitcoin is showing signs of a potential rebound, with several on-chain metrics pointing towards a positive future. These metrics, which often predict price movements, are suggesting a shift in market sentiment. Exchange Inflows Dropping One of the key indicators is the amount of Bitcoin flowing into and out of exchanges. Recently, there’s been a sharp…
The future of Bitcoin is a hot topic. Some experts think it will become a global powerhouse, while others think it will crash and burn. Let’s dive into both sides of the story. Bitcoin: A $52 Million Treasure? Some experts believe Bitcoin could be worth a staggering $52 million by 2050. They point to several…
Sensitive Information at Risk Two US banks, TD Bank and Summit National Bank, have reported data breaches affecting thousands of customers. The incidents, which occurred between last fall and this spring, involved the potential exposure of highly sensitive personal information. Summit National Bank: 10,912 Customers Impacted Wyoming-based Summit National Bank discovered suspicious activity in May…
Avalanche (AVAX) is on the rise, thanks to a new trust launched by crypto giant Grayscale. Grayscale’s Avalanche Trust Grayscale, known for its Bitcoin Trust, has now added Avalanche to its portfolio. They believe Avalanche is a key player in bringing real-world assets (like stocks and bonds) onto the blockchain. This new trust will invest…
Russia is reportedly planning to launch its own crypto exchanges and stablecoins, according to a Russian news publication. Two Exchanges, Two Stablecoins The plan is to create two exchanges, one in Moscow and one in St. Petersburg. They will also introduce stablecoins pegged to the Chinese yuan and BRICS currencies. BRICS is an economic alliance…
Anthony Scaramucci, the founder of Skybridge Capital, a big investment firm, doesn’t think Bitcoin is a good store of value right now. He’s known for being a Bitcoin supporter, but he’s also honest about its shortcomings. Why Bitcoin Isn’t a Store of Value Scaramucci thinks the current regulatory mess in the crypto world is holding…
Russia is getting serious about crypto. They’re planning to launch two new crypto exchanges, one in Moscow and the other in St. Petersburg. This is part of a bigger picture: Russia wants to use crypto to strengthen its economy and reduce its reliance on the US dollar. A New Way to Trade These exchanges are…
Bitcoin’s price is stuck in a narrow range, with traders waiting for a clear signal to jump in. It’s like everyone’s holding their breath, unsure which way the market will go. A 5X Surge? One analyst thinks Bitcoin could be about to skyrocket. They see similarities between now and 2020, when the world was in…
