The recent approval of Binance’s guilty plea and the $4.3 billion settlement deal for breaching anti-money laundering (AML) and sanctions laws by a U.S. federal judge has sent shockwaves through the cryptocurrency industry. The U.S. Department of Justice (DOJ) had been investigating Binance over the past few years, alleging violations of the Bank Secrecy Act
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The lawsuit between Ripple and the United States Securities and Exchange Commission has been a topic of intense discussion within the cryptocurrency industry since December 2020. At that time, the SEC accused Ripple of conducting an unregistered securities offering by raising over $1.3 billion through the sale of XRP tokens. Ripple, on the other hand,
The price of Ethereum has been on an upward trajectory since the beginning of 2024, showing a significant increase of over 30% in less than two months. Recent on-chain data indicates that ETH investors are feeling more confident in the market, suggesting that the rally in Ethereum’s price may continue. An analyst on CryptoQuant’s Quicktake
In a recent turn of events, the Energy Information Administration (EIA) has decided to halt its controversial survey of crypto mining firms due to a lawsuit filed by Riot Platforms and the Texas Blockchain Council. This decision came after the lawsuit was launched on Feb. 22, naming the EIA, the Department of Energy, the Office
Recently, crypto analyst Ali Martinez, also known as @ali_charts, shared a technical analysis that has sparked interest among ADA traders. The analysis points out a potential sell signal on the three-day chart for Cardano against the US dollar. This sell signal, indicated by the TD Sequential indicator showing a ‘9’ setup, is often viewed as
The launch of spot Bitcoin Exchange-Traded Funds (ETFs) by industry giants BlackRock and Fidelity has been a significant event in the cryptocurrency market. These ETFs have seen massive net inflows of $5.278 billion within a short six-week period, hinting at growing investor interest in Bitcoin. Despite this, the price response of Bitcoin has been relatively
The price of Bitcoin (BTC) has recently surged past the $52,000 mark, sparking optimism among investors. The well-known cryptocurrency analyst, Titan of Crypto, has predicted a potential “Bull Flag formation” for Bitcoin in the near future. According to Titan of Crypto, Bitcoin is currently retesting the Tenkan indicator, with a near-term price target set at
Kraken, a prominent cryptocurrency exchange, recently found itself embroiled in legal action initiated by the US Securities and Exchange Commission (SEC). The charges brought against Kraken were said to be a response to the firm’s vocal advocacy for regulatory boundaries within the digital asset industry. In a blog post dated February 22, Kraken revealed that
The SHEboshi NFTs, which are associated with the popular meme coin Shiba Inu (SHIB), witnessed a lightning-fast success. With all 20,000 collectibles sold out in less than three hours post-launch, it is evident that there was a huge demand for these digital assets. Initially priced at 0.05 ETH each, the floor price of SHEboshi NFTs
House Majority Whip Tom Emmer recently raised concerns about government agencies under the Biden administration starting to collect data on Bitcoin mining firms. Emmer criticized the Office of Management and Budget (OMB) for approving a request from the Energy Information Administration (EIA) to implement an information collection regime on the Bitcoin mining industry without a