Binance US, the American branch of the global cryptocurrency giant Binance, is reportedly accused of running an unregistered securities exchange. This news comes as a shock to the American crypto community. Thanks to the SEC’s scrutiny of companies that violate securities laws in the cryptocurrency space as this revelation is part of this ongoing clampdown…
The Seven Sins of Sinso First sin: Lack of return on investment As a member of the Sinso community, I participated in the second stage of the SSC test network of Sinso and the third stage of the Amstar test network. The total token output of the 2000 nodes was about 2000, and the total…
CoinEx, one of the biggest cryptocurrency exchanges, has found itself in hot water as New York Attorney General Letitia James takes it to court. The 38-page petition represented by James indicts CoinEx of failing to register as a securities and commodities broker-dealer in the state. She further stated that the exchange has hooked in repeated…
Polygon Labs, a leader in the volatile cryptocurrency industry, has caused shock waves by announcing that it will be cutting 20% of its staff. This move is indicative of a larger trend across major players like Spotify, Google’s parent company, and Amazon, who are similarly pruning their teams to stay stable in this turbulent economic…
Recent Bitcoin (BTC) has experienced an impressive surge of nearly 50% in the initial seven weeks of the year, resulting in a six-month peak of $24,900. As a result of this bullish market sentiment, the unprecedented volatility of cryptocurrencies has led to a new all-time high in 2023. This new opportunity has prompted the cryptocurrency…
In these trying times, the crypto community has seen a ray of hope as the union of European Football Associations (UEFA) has indicated that it is now searching into sponsorship proposals from FX/CFDs brokers and crypto firms. This action further demonstrates that the company has realized the growing significance of cryptocurrencies. The action demonstrates UEFA’s…
North Korean hackers have become a headache for many nations. Over $3.8 billion was stolen by hackers last year, which was disastrous for the cryptocurrency market. As a result, the crypto market went through a bad phase and is still focusing on recovering from the losses. Nonetheless, despite losing such a significant sum, the police…
The sudden surge in crypto volatility has been a major headache for regulators worldwide, prompting them to take drastic measures. As a part of this process recently the U.S. Securities and Exchange Commission (SEC) decided to take strict measures against crypto custodians. The news gained significant popularity among internet users, many users voiced their opinions…
A surge of enthusiasm for XRP has been building in Japan, and the extraordinary 1.64 billion spot trading volume reported in September 2022 confirms this. Far outpacing Bitcoin’s 179.5 thousand units, XRP’s success has caught the eye of many crypto-trading firms who are now eager to offer it as part of their services – a…
Today, digital currency is becoming more and more prevalent in financial transactions. As a result, the risks associated with investing in such volatile currencies must be vigilantly scrutinized by financial institutions to avoid any potential catastrophic. However, it seems that the EU regulatory body has started understanding this issue as the regulatory recently unveiled stringent…
