The American affiliate of cryptocurrency giant Binance, Binance.US, is currently facing a barrage of legal challenges and a wave of executive departures. As regulatory scrutiny intensifies, the company is grappling with the departure of key risk and legal executives, exacerbating the leadership vacuum within its ranks. With a growing list of personnel changes, Binance.US finds
Bitcoin
In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made last-minute adjustments to its proposal concerning the sale of its Bitcoin and crypto holdings. This move is seen as an attempt to address concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. Original Proposal and Market
In a shocking turn of events, leading cryptocurrency exchange CoinEx has reportedly suffered a major security breach resulting in significant losses from its hot wallets. The breach, which took place on Tuesday, has ignited investigations into the incident. Extensive losses of Ethereum (ETH), TRON (TRX), and Polygon (MATIC) have raised concerns over the safety of
In a recent interview with CNBC, David Marcus, former President of Paypal and Head of Facebook Payments, shared his belief that Bitcoin (BTC) holds the key to becoming the universal protocol for money on the internet. He emphasized the significance of Bitcoin as the flagship cryptocurrency and its core value as a payment solution. Marcus
The price of Shiba Inu (SHIB) has been facing significant challenges in recent times, as it struggles to gain traction in the volatile crypto market. Despite a major rally between mid-June and mid-August, investors have witnessed these gains being almost entirely wiped out. As we enter the final quarter of the year, Shiba Inu’s price
Bitcoin, the world’s most valuable cryptocurrency, is currently trading at around $25,860 and has been facing downward pressure in recent weeks. This comes after a significant surge of almost 60% from its lows in November 2022. However, the collapse of FTX and the bankruptcy of several centralized finance platforms like BlockFi have caused the coin
A significant move in the Korean finance sector has taken place as Mirae Asset Securities, a prominent finance powerhouse, has formed a partnership with Polygon, a well-known blockchain network. With Mirae Asset Securities managing over $500 billion, this collaboration has piqued interest in how it may affect the price of Polygon’s native cryptocurrency, MATIC. The
The cryptocurrency market has been losing its shine recently, and the evidence can be seen in the declining bitcoin futures trading volume. According to data from Glassnode, bitcoin futures open interest has dropped to a 5-month low of $11.3 billion. This decrease indicates that traders are closing out positions and reducing their exposure to volatile
Bitcoin’s performance in September has long been a topic of concern and speculation among cryptocurrency enthusiasts. In a recent video by renowned analyst Benjamin Cowen, a data-driven analysis of Bitcoin’s historical performance in September was presented, highlighting both the negative trends and occasional green months. This critical analysis examines Cowen’s insights, delving into the potential
In November 2022, the FTX crash resulted in a significant amount of crypto remaining in the exchange’s wallets. These assets, worth billions of dollars, have been sitting idle due to the ongoing legal battle between the exchange and its creditors. However, recent activities indicate that a large portion of tokens from the FTX wallets are