The Bitcoin (BTC) price has come under strong selling pressure a day before the FOMC meeting begins on Wednesday, May 1. As of press time, Bitcoin is trading at 5.4% down $60,189 with a market cap of $1.19 trillion. Bitcoin Price Rebound Likely As Buy The Dip Calls Surge With a nearly 6% Bitcoin price […]
EigenLayer Airdrop Faces Backlash Over Token Lockup
The unveiling of the EigenLayer airdrop details has ignited a mix of applause and intense scrutiny. The plan outlines a distribution of 45% of 1.67 billion tokens to the community. This includes an initial season airdrop of 5%, targeting protocol stakeholders. Yet, restrictions on token transferability have sparked widespread concern and debate. EigenLayer has stated […]
Binance Founder CZ Bids “Thanks” to Supporters; Shares Post-Prison Plans
Binance founder CZ, or Changpeng “CZ” Zhao took to Twitter to express his thanks to his supporters. This came after earlier in the day CZ was handed a 4-month prison sentence by Judge Richard Jones in a massive leniency show. CZ also shared his plans for a life after prison term, stating that he will […]
Arkansas House Committee Clears Bills on Crypto Mining Regulations
Crypto mining regulations are just one step away from being implemented in the state of Arkansas. According to local media reports, on Tuesday in the state capitol, two proposals intended to tighten laws governing crypto mining in Arkansas comfortably passed a House committee. Due to the passage of two legislation by the Arkansas State House […]
ETH Futures ETF Issuers Stay Positive on SEC Approval Despite Feud
ETH Futures ETF could still have a possibility to go through and have a green signal from the SEC. According to Fox journalist Eleanor Terrett a few issuers who have submitted applications to the SEC for leveraged ETH futures ETFs have spoken of having a “positive dialogue” with staff. The optimistic approach comes against the […]
VALR Bags Regulatory Nod In Poland In Major Global Expansion Push
VALR, the largest cryptocurrency exchange in South Africa has bagged a license in Poland as the company set sights on a wider global expansion. The recent company’s effort after it received a license from financial regulators in South Africa and now plots to take on top crypto exchanges according to Reuters. The expansion plan of […]
North Korean Group Lazarus Strikes Again With $200 Mln Crypto Laundering Case
Crypto laundering has been an issue for the industry for a long time now. However, resurfacing as an issue creator, by using sophisticated techniques like coin mixers and peer-to-peer exchanges, the North Korean hacking collective Lazarus Group has been able to launder almost $200 million in bitcoin that has been stolen. Crypto Laundering Resurfaces After […]
DOJ “Sweet Deal” for Binance Changpeng Zhao Faces Backlash for Leniency
Changpeng Zhao, the former CEO of cryptocurrency exchange Binance, was recently sentenced, which led to a variety of reactions. Zhao, charged with noncompliance in the implementation of an adequate anti-money laundering program in Binance, was given four months in prison. This is in spite of the fact that the Department of Justice (DOJ) did not […]
US DOJ Charges Bitcoin Pioneer Roger Ver with Tax Evasion
The United States Department of Justice (DOJ) has charged Roger Ver, a notable figure in the cryptocurrency world, with tax evasion. Ver, often referred to as Bitcoin Jesus due to his early and substantial investments in Bitcoin, was arrested in Spain. The DOJ now seeks his extradition to face trial in the United States. Arrest […]
Breaking: Changpeng ‘CZ’ Zhao Sentenced To 4 Months In Prison
The sentencing hearing of Binance co-founder and former CEO Changpeng ‘CZ’ Zhao has just wrapped up with with Judge Richard Jones sentencing him to 4 months in prison Changpeng ‘CZ’ Zhao Gets Lenient Sentencing According to the live account from the Court, Judge Richard Jones revealed before the sentencing that he does not agree with […]