Finance & Crypto News Website
China and the United Arab Emirates (UAE) have pledged to enhance their cooperation in combating cybercrime associated with cryptocurrency. This commitment was made through a May 30 joint statement following the UAE President Mohammed bin Zayed Al Nahyan’s state visit to China. The announcement comes as Hong Kong reports a surge in crypto fraud between … Read more
Bitcoin staking protocol Babylon has successfully raised $70 million in a funding round led by venture firm Paradigm. This investment round saw participation from Bullish Capital, Polychain Capital, Hashkey Capital, Mantle, Galaxy, Hack VC, ViaBTC Capital, Amber, and HTX Ventures. Babylon plans to use this new capital to advance its mission of creating a Bitcoin-secured … Read more
This week, significant amounts of Bitcoin were moved from Mt.Gox wallets as preparations for disbursement to creditors began. The news unsettled the crypto markets, causing Bitcoin’s price to drop below $68,000. Bitcoin A recent poll on the influence of crypto in the 2024 Presidential election revealed that nearly half of the voters plan to include … Read more
Bitcoin takes a dip, falling 7% to $67.7K after a near brush with $72K on May 21st. While it may seem like a significant setback, the fact that Bitcoin is only 9% away from its record high is keeping investors hopeful. However, their optimism is being tested as they question why the recent influx of … Read more
Hong Kong recently made headlines for its tough stance on unlicensed cryptocurrency exchanges. The Securities and Futures Commission (SFC) issued a directive ordering eleven platforms, including well-known ones like HKbitEX, PantherTrade, and Crypto.com, to either secure a license or shut down. Among these, only Crypto.com managed to secure approval, while others, such as OKX, Bybit, … Read more
Bitcoin’s recent plunge below the critical $68,000 support line has sent shockwaves through the crypto world, causing a ripple effect of uncertainty and fear. As investors shy away from risky ventures, meme assets are feeling the brunt of the blow. The once-promising altcoins are now facing a steep decline, with popular meme coins PEPE and … Read more
The Polkadot (DOT) price surged towards the coveted $7.60 mark, only to be met with a formidable barrier. Despite its valiant efforts, the price was forced to retreat and succumb to a downward spiral, plummeting below the $7 threshold in the subsequent trading sessions. Can Polkadot (DOT) Hold Above $7 The vibrant and colorful world … Read more
The ongoing legal feud between Ripple and the SEC has reached a boiling point, as Ripple fights tooth and nail to keep their financial information under wraps while the SEC pushes for a staggering $2 billion in fines over their XRP sales. Tensions are high as Ripple CEO Brad Garlinghouse recently dropped some tantalizing hints … Read more
President Joe Biden’s bold decision to veto a congressional resolution targeting the SEC’s controversial Staff Accounting Bulletin 121 has caused a seismic shift in the financial realm. The aftermath of this move has ignited a fiery discussion on the fate of digital asset regulation and its potential repercussions for the world of finance. A Key … Read more
Binance Billionaire Behind Bars. Changpeng Zhao Checks into Lompoc Prison for Four-Month Sentence. The news has been officially announced by the powerhouse legal team at Latham and Watkins, as reported by CNBC. EljaBoom, a renowned blockchain guru and crypto connoisseur, also took to X to spread the word. Referring to Zhao as his “friend,” Boom … Read more