Lawyers representing Terraform Labs and its co-founder, Do Kwon, have requested a reduced penalty following their clients’ recent conviction for fraud. They argue that a fine closer to $1 million is more appropriate than the $5.3 billion proposed by the…
SEC and Gensler Viewed Ethererum as Unregistered Security for Over 12 Months
In recent developments surrounding the ongoing lawsuit between Consensys and the United States Securities and Exchange Commission (SEC), new information has come to light regarding the SEC’s stance on Ether. The lawsuit has shed light on the regulatory body’s belief…
Bitcoin Drops 14% in April Amid ETF and Regulatory Challenges – Bloomberg
Bitcoin, the original cryptocurrency, is experiencing its most challenging month since the collapse of Sam Bankman-Fried’s FTX empire. As the initial excitement surrounding US exchange-traded funds (ETFs) for the largest digital asset fades, Bitcoin has seen a sharp decline of…
Binance CEO Changpeng Zhao Gets 4 Months in Court Case
Changpeng Zhao, commonly known as CZ, the founder of Binance, one of the world’s leading cryptocurrency exchanges, appeared in court for sentencing on April 30. The Department of Justice (DOJ) prosecutors sought a three-year prison term, while the defense vehemently…
Cathie Wood’s Ark Invest Buys More Palantir Meta and This Buffett-Backed EV Amid Market Moves
Nic Chahine, an exceptional trader, has achieved outstanding results through his unique approach of buying options rather than selling covered calls or spreads. Unlike most traders who struggle to maintain a winning percentage above 27% when buying options, Chahine boasts…
Tether Holdings invests $200 million in Blackrock Neurotech, a leader in brain-computer interface (BCI) technology.
Tether Holdings Ltd., the leading issuer of stablecoin, has recently announced a significant investment of $200 million in Blackrock Neurotech. This investment marks Tether’s foray into the world of startup investing, leveraging its surplus earnings from a substantial portfolio of…
Stripe Brings Back Crypto Payments with Stablecoins Offering Enhanced Speed and Stability
Stripe Inc., the renowned payments processing company, is making headlines in the world of cryptocurrency by reintroducing crypto payments on its platform. This move allows merchants using Stripe’s platform to accept stablecoins for online transactions, bringing a new level of…
Global Crypto Funds See Investor Interest Wane with $206 Million in Recent Outflows
In recent weeks, global crypto funds have experienced a decline in investor interest, leading to significant outflows. Investor concerns regarding the future of interest rates have played a crucial role in shaping this trend. CoinShares International Ltd., in its latest…
Cardano ADA Fans Anticipate Chang Hard Fork for Decentralized Governance Era
Cardano (ADA) enthusiasts are eagerly anticipating the Chang hard fork, poised to usher in a new era of decentralized governance. This milestone event, scheduled for the second quarter of 2024, marks a significant turning point in Cardano’s journey towards community-led…
Consensys Files Lawsuit Against SEC to Protect Ethereum Blockchain from Regulatory Overreach
In a bold move to safeguard the Ethereum blockchain from excessive regulation, leading crypto software firm Consensys has filed a lawsuit against the US Securities and Exchange Commission (SEC). This legal action aims to challenge the SEC’s alleged “campaign to…