Recently, the US Securities and Exchange Commission (SEC) filed settled charges against crypto lending firm Abra for failing to register its crypto asset lending product, Abra Earn. This failure to comply with registration laws led to Abra selling nearly half a billion dollars of securities to US investors without providing them with sufficient and accurate
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The US Securities and Exchange Commission has firmly opposed Hex founder Richard Heart’s motion to dismiss the $1 billion securities fraud lawsuit, asserting its jurisdiction over the case. Despite Heart’s argument that he resided abroad and had no presence in the US during the relevant period, the SEC maintains that its allegations are well-supported and
Cardano (ADA) has been the subject of a recent video chart analysis by crypto analyst @XForceGlobal. The analyst delved deep into Cardano’s current position within the Elliott Wave cycle, suggesting that ADA is on the verge of entering a strong upward phase known as “Wave 3.” Drawing comparisons to Solana (SOL), the analyst highlighted similarities
The cryptocurrency market is currently experiencing a period of price stagnation and volatility, with all eyes on the highly anticipated Pectra upgrade for the Ethereum (ETH) network. Scheduled for the first quarter of 2025, this major upgrade is gaining significant attention from bullish analysts who believe it could be the catalyst to propel Ethereum’s price
Shan Hanes, the former CEO of Heartland Tri-State Bank (HTSB), was recently sentenced to 293 months in federal prison for embezzling a whopping $47.1 million in a cryptocurrency fraud scheme. This scheme, known as “pig butchering,” involved Hanes executing 11 unauthorized wire transfers between May and July 2023, directing the bank’s funds to a cryptocurrency
The recent arrest of Pavel Durov in France has sparked an incredible wave of support from celebrities and well-known public figures. Notable names such as Elon Musk, Robert F. Kennedy, Tucker Carlson, and Vitalik Buterin have all publicly voiced their support for Durov in the wake of his arrest. Durov’s arrest in France stemmed from
In the world of cryptocurrency exchange-traded funds (ETFs), Bitcoin has been dominating the scene with impressive inflows and recovering prices. The past week alone saw more than $500 million allocated to the largest US-based Bitcoin ETFs. Despite a rough start of the month that saw a loss of over $550 million in just three days,
The Cardano (ADA) community is abuzz with excitement as the highly anticipated Chang hard fork is on the horizon. ADA, the native token of the Cardano ecosystem, has seen a significant surge of over 52% in key metrics leading up to the launch of the upgrade. Intersect, a member-based organization for the Cardano ecosystem, recently
The Federal Reserve plays a crucial role in shaping economic policies that have a significant impact on the world of cryptocurrency. Recent statements from Federal Reserve Chairman Powell indicate a forthcoming era of interest rate cuts, emphasizing the need for policy adjustment. This shift towards lower interest rates and a more abundant dollar supply could
The sudden crash of Bitcoin below $50,000 on August 5 sent shockwaves throughout the crypto market, leading to panic selling and liquidations of many positions. Although the price has since recovered by 20%, short-term holders are still facing unrealized losses. Glassnode’s recent report sheds light on the factors behind this market downturn, specifically pointing to
