Dunn, who has experience in mainstream markets as well as about 10 years of activity in the crypto space, suggested that the COVID-19 pandemic may have played a role in getting mainstream, non-crypto folks to ponder the United States money system. This includes questioning how the government can create trillions
U.S. prosecutors have unveiled a new indictment against Sam Bankman-Fried, the founder of the now-bankrupt FTX cryptocurrency exchange. Bankman-Fried now faces a 13-count indictment, including a new bribery conspiracy charge, for the November collapse of FTX. The charge accuses Bankman-Fried of paying a $40 million bribe to Chinese officials to
Introduction: Polygon, formerly known as Matic Network, has recently launched its zkEVM mainnet promising to bring scalability and privacy to Ethereum. However, despite the launch, MATIC’s price failed to break out above $1.00 and has been consolidating following a sharp sell-off from an intra-day high of $1.09. In this article,
The United States Commodities Futures and Trading Commission (CFTC) has taken legal action against Binance, one of the world’s largest cryptocurrency exchanges, and its CEO, Changpeng Zhao (CZ), for alleged violations of US regulatory laws. This comes as a major blow to the exchange and its users. The CFTC alleges
Introduction: XRP, the cryptocurrency created by Ripple, has seen a rise in value over the past week. On Tuesday, March 28, it gained 10.34% in a day to reach $0.50421, the largest one-day percentage gain since March 21. Its market cap rose to $25.67935B, which is 2.27% of the total
Introduction: The world’s largest cryptocurrency exchange by trading volume, Binance, is facing legal trouble in the United States. The US Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Binance and its CEO, Changpeng “CZ” Zhao, for alleged trading violations. This article will delve into the details of the
Introduction: Crypto, short for cryptocurrency, burst onto the scene with the promise of disrupting the traditional financial industry. The technology was designed to cut out the middleman, providing people with a more efficient way to exchange goods and funds. The early days of crypto were fueled by enthusiasts who saw
Introduction Bitcoin, the world’s largest cryptocurrency by market capitalization, has been on a rollercoaster ride lately. From soaring to an all-time high of nearly $65,000 in April 2021 to dropping to as low as $28,000 in June, Bitcoin has left investors wondering what the future holds. However, recent developments suggest
Amid the ongoing banking crisis, the US Federal Reserve’s balance sheet has surged by $94.5 billion, a $297 billion increase from the last week. Read on to learn more about the reasons behind this increase and its implications. The US Federal Reserve’s Balance Sheet Surges Amid Banking Crisis The ongoing
Despite fresh banking woes, Bitcoin failed to receive a boost and struggled to stay above $28,000 on March 24. Learn about the factors affecting Bitcoin’s price and its future prospects in this article. Factors Affecting Bitcoin’s Price Bitcoin, the world’s largest cryptocurrency, has had a tumultuous journey in recent weeks.
Introduction: As the world’s reliance on cryptocurrencies continues to grow, the security of digital assets is becoming more important. In response, Bybit, one of the largest cryptocurrency exchanges, has implemented a Proof of Reserves system to provide its users with increased transparency and security. What is Bybit’s Proof of Reserves
The European banking stocks suffered a major setback on Friday as the euro and sterling fell sharply against a strengthening dollar. Heavyweights Deutsche Bank and UBS Group were pummelled by worries that the worst problems to hit the sector since the 2008 financial crisis have not yet been contained. European