Bithumb Offices Raided Amid Ex-CEO’s $2 Million Scandal
Crypto exchange Bithumb is under investigation as South Korean police have raided the company’s headquarters. This action is in response to claims of embezzlement directed against Kim Dae-sik, the former chief executive officer. The inquiry generally focuses on a particular financial transaction involving a large sum of money. Related Reading: Bitcoin’s $12 Billion Shakeout: Analyst […]
Crypto Analyst Says XRP Price Will Continue Rally To Reach $38, Here’s How
With the XRP price now building significant momentum, a crypto analyst has projected that the top altcoin is set to rally to a higher target of $38. The analyst reveals that the price action combined with key bullish technical indicators support this optimistic outlook. Analyst Projects The Altcoin’s Price Massive Surge to $38 X (formerly […]
Bitcoin Market Entering A Consolidation Phase After Drop In Its CME Open Interest
Lately, the Bitcoin market has been seeing some notable adjustments in its price and key metrics even as volatility continues to overshadow the broader crypto market. With positive developments emerging in the market, bullish momentum appears to be building as the price reclaims the $85,000 mark again. CME Open Interest Decline Hints At Consolidation Phase […]
Trump Media Executives Enter Crypto—$180 Million SPAC Announced
Top executives from the Trump Media & Technology Group have collaborated to launch a special purpose acquisition company (SPAC). The company aims to raise roughly $179 million to fund its expansion into blockchain, crypto, and data security. The new company is named Renatus Tactical Acquisition Corp I (“RTAC-I”) and is registered under Caymands Islands laws. […]
U.S. Bank Agency Cuts ‘Reputational Risk’ From Exams After Crypto Sector Cites Issues
The crypto industry argued that U.S. regulators used the idea of risks to banks' reputation to pressure them to reject digital assets clients, and the OCC has answered.
Here’s Why The Dogecoin And Shiba Inu Prices Are In The Green Today
Dogecoin and Shiba Inu prices are in the green today, providing a bullish outlook for the foremost meme coins. This price surge is due to several developments, including the US Federal Reserve hinting at easing monetary policies soon enough. Why Dogecoin And Shiba Inu Prices Are In The Green Today CoinMarketCap data shows that Dogecoin […]
SEC Chair Nominee Paul Atkins to Face Senate Panel Next Week
Two top financial regulators in the crypto space have a date with the Senate as SEC nominee Paul Atkins and OCC pick Jonathan Gould get a March 27 hearing.
XRP Large Holders Are On A Buying Spree As Price Gains Fresh Upsurge
With the broader crypto market displaying renewed upside momentum, several digital assets like XRP have recorded notable gains in the last 24 hours. XRP’s recent upswing might be attributed to a massive buying spree among big investors as whale wallet addresses witness a significant rise. Large Investors Betting Big On XRP Potential Heightened volatility has […]
Proof-of-Work Crypto Mining Doesn’t Trigger Securities Laws, SEC Says
In a staff statement published Thursday, the SEC said that both solo mining and mining pool operations would fail the first prong of the Howey Test.
Nasdaq’s Shift To Round-The-Clock Stock Trading Due to Crypto, Says Exchange Executive
Both Nasdaq and the New York Stock Exchange are in the process of making round-the-clock trading available five or even seven days a week, mimicking crypto’s trading hours.