Recently, a federal judge in California expressed his inclination to allow the Securities and Exchange Commission’s (SEC) lawsuit against Kraken to move forward. The judge, William Orrick, indicated that he was leaning towards denying Kraken’s request for dismissal. This decision has cast doubt on the exchange’s efforts to have the case thrown out. According to
investment
The US Commodity Futures Trading Commission (CFTC) has reportedly launched an investigation into Jump Crypto, a prominent player in the crypto sector. The reasons for this probe have not been disclosed, but sources familiar with the matter have confirmed the federal agency’s interest in Jump Crypto’s trading and investment activities. Response from CFTC and Jump
The cryptocurrency market has shown signs of recovery in the past 24 hours, with major digital assets such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) experiencing minor gains. Additionally, AI-related coins like Fetch.ai saw significant pumps, boosting investor confidence in these niche sectors within the crypto market. On the flip side, the price of
Reports reveal that Montenegrin Prime Minister Milojko Spajić made a significant investment in Terraform Labs back in April 2018, acquiring 750,000 Luna tokens for $75,000. This move positioned him as the 16th investor during the initial fundraising phase of the cryptocurrency project. Unfortunately, Terraform Labs’ cryptocurrency project failed in 2022, resulting in losses exceeding $40
Travis Kling, the Founder and Chief Investment Officer of Ikigai Asset Management, recently shared his insights on Bitcoin and the broader cryptocurrency ecosystem. Despite the NASDAQ achieving significant gains, Bitcoin has remained relatively flat, underperforming in comparison to the broader macroeconomic environment. This discrepancy raises questions about the factors influencing Bitcoin’s price movement and its
In the midst of significant turbulence in the cryptocurrency market, investors have started gravitating towards Bitcoin as a safe haven amidst chaos. Recently, Bitcoin’s dominance has reached a nine-week high of 57%, showcasing a clear preference for the leading digital asset. Altcoins, on the other hand, have suffered from a massive sell-off, losing significant market
Growing up in Edo State, Nigeria, with my three siblings has been a journey filled with learning and growth. My parents have been the foundation of my existence, providing unwavering support through the highs and lows of life. Their presence has instilled in me a sense of security and belief that has shaped my outlook
The US Securities and Exchange Commission (SEC) has expressed worries about Circle’s stablecoin, USDC, as the company prepares for a multi-billion dollar initial public offering (IPO). The regulatory body has raised concerns about the potential classification of USDC and other stablecoins as securities under US law. This is not the first time the SEC has
SnakeTON, an innovative Web3 survival GameFi built on the TON platform, is changing the landscape of gaming within the Telegram app. With a user base of 900 million, SnakeTON offers players the opportunity to control their snakes, navigate through various game modes, and emerge victorious by consuming food and defeating other players. The game’s primary
In a recent report by KuCoin exchange’s research arm, it was noted that the cryptocurrency market saw $1 billion in new investments in May. This represents a slight decrease from the previous month, indicating a 6.4% decline in investment figures. However, when compared to May 2023, there has been a 10.61% increase in disclosed investments,