Binance, once a prominent player in the cryptocurrency world, is now facing the consequences of its actions. In November 2023, the company and its former CEO, Changpeng Zhao (CZ), pleaded guilty to charges of money laundering and sanctions violations. This marked a turning point in Binance’s trajectory, leading to a plea deal that would have
Pros
Cardano’s price recently broke through the $0.61 barrier on Feb. 16, marking a significant milestone for the cryptocurrency. What’s interesting is the unusual trend observed in the derivatives market, indicating that more bullish action could be on the horizon. While Cardano (ADA) has emerged as one of the best-performing mega-cap crypto assets in recent times,
Ethereum (ETH) is gaining momentum in the cryptocurrency market, inching closer to the $3,000 mark. One of the key factors fueling this upward trajectory is the increasing popularity of ETH staking. With Ethereum 2.0 gaining traction, more investors are opting to lock their ETH into staking contracts. This not only allows them to earn passive
Coinbase, one of the major US crypto exchanges, recently released its financial report for the fourth quarter of 2023, shedding light on its performance over the year. The report revealed some key insights into the company’s financial health and growth trajectory. In Q4 2023, Coinbase reported a net income of $273 million and an adjusted
The highly anticipated verdict in Changpeng Zhao’s court battle with the United States government has been delayed, much to the disappointment of many. CZ, the former CEO of Binance, found himself in hot water after pleading guilty to violations of AML procedures. As part of his agreement to remain out of custody until his sentencing,
Cardano is currently experiencing a surge in buy orders, tipping the bid-ask volume imbalance in favor of the bulls. This imbalance is currently sending the bid volume outpacing the ask volume by 678%, signaling a strong bullish sentiment among Cardano investors. With so many buyers and so few sellers, the price of ADA is likely