Brazilian regulators recently reached a settlement with the cryptocurrency exchange Binance, requiring the company to pay $1.76 million to resolve allegations of unlicensed derivatives trading in the country. This settlement with the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, brings an end to a year-long investigation into Binance’s operations in Brazil. The regulatory crackdown
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Core Scientific, a Bitcoin mining company based in Texas, has recently announced an increase in its offering to $400 million in 3.00% convertible senior notes due in 2029. Originally set at $350 million, the offering was upsized due to favorable market conditions. The notes are scheduled to settle on August 19, 2024, and will be
In a groundbreaking move, the cryptocurrency exchange based in Singapore, Crypto.com, has announced a landmark partnership with the Union of European Football Associations (UEFA) Champions League. This partnership is unlike any other, as Crypto.com will be the official global sponsor of the UEFA Champions League, making it the first and exclusive crypto platform partner for
As Bitcoin hovers below the $20,000 mark for almost two years now, there are contrasting views on whether it will ever reach this high again. One analyst, however, has a different perspective. According to the analyst known as “Without Worries,” the Bitcoin price falling back to $20,000 is not a matter of if, but when.
Australia’s Securities and Investments Commission (ASIC) recently made headlines by filing a lawsuit against the Australia Securities Exchange (ASX) Ltd. The lawsuit alleges that ASX made misleading statements regarding its blockchain trade settlement project, which ultimately led to its cancellation. ASIC claims that ASX falsely stated that the project was “on track” for an April
In the midst of the largest downturn in the current market cycle, investor sentiment within the digital asset market remains uncertain. The fluctuating prices and volatile conditions have left many wondering about the future direction of the market. Despite the overall uncertainty, Glassnode’s analysis reveals a shift towards HODLing and accumulation among investors. Following a
Bitcoin’s price has seen a significant increase in just a day, climbing nearly two thousand dollars, all thanks to the better-than-expected core PPI numbers in the United States. This surge in price has also impacted several altcoins, with TON experiencing a remarkable jump to over $6.7. Bitcoin, the leading cryptocurrency, ended the previous business week
Ethereum’s Layer 2 ecosystem has been seeing a surge in activity recently, with daily transaction volumes hitting new highs. According to data compiled by Growthepie, the daily transactions across these networks reached 12.42 million on August 12, signaling a new peak. This increase in transaction volume highlights the rapid advancements in scalability and points towards
Samuel Edyme, also known by his nickname HIM-buktu, is a multifaceted individual in the web3 world. His path in the crypto universe was not paved with success from the beginning, but rather with a harsh lesson from a Ponzi scheme that initially lured him in. However, instead of being deterred by this setback, Edyme emerged
Coinbase, a prominent cryptocurrency exchange, recently submitted a comment letter to the US Securities and Exchange Commission (SEC) highlighting significant flaws in the agency’s cost-benefit analysis of a proposed rule. The letter, written by Coinbase’s chief legal officer, Paul Grewal, criticized the SEC for failing to assess the rule’s economic impact on efficiency, competition, and
