The recent arrest of a Taiwanese national, Rui-Siang Lin, has revealed a disturbing truth about the dark web drug bazaar known as Incognito Market. The platform, responsible for transacting over $100 million in cryptocurrency, primarily through the sale of illegal narcotics like fentanyl, has been operating for the past four years under the alias “Pharoah.”
Gains
OKX, a prominent cryptocurrency exchange, recently announced that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong effective May 31, 2024. This decision was made in compliance with regulatory requirements, with the exchange citing a “careful consideration” of its business strategy as the reason behind the move. While OKX assured
In the aftermath of the Bitcoin halving event in April, the cryptocurrency market has been closely monitoring the price action of Bitcoin, the pioneer digital asset. The recent price movement saw Bitcoin reaching a high of $71,443 before retracing to $66,936. This price volatility has sparked discussions among analysts and investors about the potential for
Coinbase has recently accused the SEC of attempting to dodge the Howey test in a motion for an interlocutory appeal filed in the US District Court for the Southern District of New York. The exchange claims that the SEC is sidestepping the question of whether a digital asset transaction lacking post-sale obligations can be deemed
The recent sale of $2.6 billion worth of discounted Solana tokens by the bankrupt crypto exchange FTX has raised eyebrows in the crypto community. The sale, which involved prominent buyers like Figure Markets and Pantera Capital, has sparked controversy and discussion among investors and industry experts. According to undisclosed sources cited by Bloomberg, Figure Markets
In a landmark ruling on Thursday, the U.S. Supreme Court delivered a unanimous decision against Coinbase Inc. (COIN) in an arbitration dispute related to the cryptocurrency exchange’s 2021 Dogecoin (DOGE) sweepstakes. The 9-0 ruling clarified the need for a court to determine which legal agreement takes precedence when parties are governed by multiple contracts. Justice
The recent fluctuations in the Bitcoin price have left crypto analysts on their toes, trying to predict the next move. One particular analyst, The Signalyst, has pointed out that Bitcoin has entered a crucial zone with important levels to watch. The break below $70,000 has put the Bitcoin price in a precarious situation, with the
In a recent case, the U.S. District Court for the Western District of Texas sided with the Securities and Exchange Commission (SEC) in a legal battle against well-known crypto influencer Ian Balina. The court held that Balina had unlawfully offered and sold SPRK Tokens as securities in unregistered transactions, thereby violating U.S. securities laws. This
The cryptocurrency market is a volatile and ever-changing landscape where investor sentiments can dictate the direction of a particular coin. In recent news, Floki Inu (FLOKI) holders have been making waves by dumping their FLOKI holdings in favor of a new ICO called 5thScape. The allure of potential gains of up to 1,700% has enticed
Recent on-chain data suggests that Ethereum whales have been making large transactions, indicating increased activity among these major players in the market. The Number of Large Transactions metric, which tracks Ethereum transactions valued at over $100,000, has seen a significant spike. This surge in large transactions implies that whales are actively moving their assets around,