The recent ruling by the U.S. District Court for the District of Utah saw the dismissal of the Securities and Exchange Commission’s (SEC) case against Digital Licensing, operating as Debt Box. The judge also ordered the SEC to pay around $1.8 million in attorney and receivership fees. Debt Box confirmed the dismissal in a post
Crypto
In recent times, there has been a surge in the launch of meme coins, many of which come with questionable ties. Lookonchain’s data sheds light on the risks associated with trading meme coins, especially those backed by celebrities. The latest instance involves American celebrity Caitlyn Jenner’s JENNER token, introduced on the Solana blockchain. Despite concerns
Blockchain analysis firm Nansen recently revealed that DBS Bank, a prominent banking institution in Singapore, has garnered attention in the cryptocurrency space as a significant player. The bank is said to own a crypto wallet containing 173,753 Ether (ETH), valued at approximately $650 million. This revelation has sparked interest in the crypto community, prompting discussions
Gemini’s recent announcement regarding the successful recovery of its customers’ digital assets has set a new standard in the cryptocurrency industry. The crypto exchange, which was founded by the Winklevoss twins, managed to recover $2.18 billion in digital assets for its Gemini Earn customers. This achievement is being hailed as one of the most successful
Ryan Salame, former co-CEO of FTX Digital Markets, was recently sentenced to 90 months in prison for his involvement in illegal activities. He pleaded guilty to conspiring to make illegal political contributions and defraud the Federal Election Commission, as well as running an unlicensed money-transmitting business. This sentencing was handed down by US District Judge
Recently, Grayscale’s upcoming spot Ether exchange-traded fund (ETF) has been making headlines with predictions of significant outflows in the market. An analysis by Kaiko suggests that if the trend set by the company’s Bitcoin Trust is followed, there could be an average outflow of $110 million per day. SEC Approval of Spot Ether ETFs The
The Normie (NORMIE) token recently faced a major setback when its value plummeted by 99% in just three hours due to a smart contract exploit. This exploit led to the token’s market cap dropping from $42 million to a mere $200,000 in a short span of time. The developers of the Base meme coin, to
Floki Inu (FLOKI), a meme coin, has experienced a significant surge in price over the last 24 hours, with a 20% increase boosting its market capitalization to around $2.6 billion. This increase has allowed the coin to reclaim the fifth position in the meme coin sector, surpassing other popular coins like Bonk Inu (BONK). Several
Toncoin (TON) has recently made headlines as one of the leading Layer 1 cryptocurrencies in the market. According to a recent analysis by CryptoQuant, TON has outperformed Bitcoin by an impressive 118% since the beginning of 2024. The on-chain analytic company has pointed out that while US traders are showing bullish sentiments towards TON, the
The Worldcoin project, led by Sam Altman, has once again encountered a significant setback, this time in Hong Kong. The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has issued an order for the Worldcoin Foundation to cease all operations within the region. The PCPD stated that Worldcoin’s practices have been
