Ryan Salame, once a prominent executive at the now-defunct cryptocurrency exchange FTX, has found himself embroiled in a legal quagmire following revelations of false statements made during his guilty plea. As Salame faces potential sanctions, the implications extend beyond his personal legal battles, raising larger questions about integrity within the fintech space and the justice
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The cryptocurrency market has always been a battleground of intense volatility and speculation, and Bitcoin, as the pioneer of the space, often leads the charge. Recently, Bitcoin experienced a small yet significant recovery at the start of the week. This uptick provides a glimmer of hope to investors who have watched the token face severe
The news of Tokocrypto securing a PFAK license from Indonesia’s Commodity Futures Trading Regulatory Agency is a significant milestone for the exchange. With a user base of over 4.5 million and a monthly trading volume increase of 138%, it is clear that Tokocrypto has experienced substantial growth in the past year. This growth demonstrates a
A Nigerian court has decided to postpone the verdict on the bail application for Tigran Gambaryan, an executive at Binance, until October 9. This ruling came after arguments were presented by Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who was against granting bail to Gambaryan. The bail application was submitted on September
The financial landscape in Europe is witnessing a significant shift as leading Swiss bank Zurich Cantonal Bank has recently introduced cryptocurrency trading services for its customers. This move signals a growing acceptance and adoption of digital assets within the traditional banking sector. On September 4, 2024, Zurich Cantonal Bank announced the launch of Bitcoin (BTC)
Investors and gamers have been increasingly drawn to pre-market trading as a means of gaining early access to sought-after game tokens. Platforms like Telegram have introduced games such as Hamster Kombat, Catizen, WatBird, and X Empire, offering traders the opportunity to acquire tokens before they are officially released to the public. This strategy, known as
Cardano (ADA) has seen a surge in various key metrics within its ecosystem, especially following the successful implementation of the anticipated Chang upgrade on September 1. Despite facing a bearish market sentiment that impacted ADA’s price, the Cardano Foundation reported increased investor activity and blockchain usage. According to a recent social media post by the
In 2024, the US Securities and Exchange Commission (SEC) made headlines by imposing a staggering $4.68 billion in fines against various crypto companies. This marked a significant milestone in the agency’s history, representing the most aggressive regulatory year to date. According to a report by Social Capital Markets, this hefty sum brings the total fines
In recent months, Coinbase has experienced a significant decline in market share, according to a report by research firm Kaiko. The exchange, which once dominated more than half of the US crypto market share, has seen its share drop to 41% as of early September, down from a peak of almost 55% in March. On
Bitcoin (BTC) has faced unexpected challenges this year, with its price dropping below the $60,000 mark after initial expectations of a steady increase. The prolonged bearish performance of the cryptocurrency has raised concerns among analysts, with some predicting a further decline below $40,000. This has sparked debates within the crypto community about the future trajectory