Author: Judith Faith

Article written by Judith Faith

Binance faces a new lawsuit accusing them of facilitating crypto money laundering

August 22, 2024 1 min read

Binance and its CEO, Changpeng Zhao, are being sued for allegedly facilitating money laundering through its cryptocurrency exchange, resulting in substantial financial losses for three investors. The case, initiated on August 16, 2024, asserts that Binance actively participated in the process of concealing illegally obtained digital assets, so contravening the Racketeer Influenced and Corrupt Organizations Act (RICO). The plaintiffs contend that their cryptocurrency holdings were pilfered and subsequently transferred to

Justin Sun predicts Tron’s first billion-dollar meme coin as his SunPump platform gains momentum

August 20, 2024 2 mins read

Tron, established by Justin Sun, is adopting the popular trend of meme coins with its latest platform, SunPump. More than 5,500 meme coins have been introduced on the Tron network, resulting in substantial earnings in TRX, the native crypto of Tron. According to data from Dune Analytics, SunPump has facilitated the creation of several meme coins, leading to a substantial TRX revenue in the millions. The recent increase in value

Over $340 Million worth of Solana (SOL) tokens set to be unlocked this month

August 18, 2024 1 min read

Solana (SOL) is scheduled to deliver its most substantial issuance this month, which has the ability to influence the price of altcoins. Wazz Crypto, a market expert, proposes that the trend of unlocking tokens may intensify, resulting in faster and more aggressive sell-offs. Nevertheless, there has been a change this week in the actions of investors and traders who are now withdrawing their investments from altcoins, as indicated by substantial

Over $192 million in AVAX tokens to be unlocked in the upcoming week

August 16, 2024 1 min read

Significant token releases are scheduled for the upcoming week, with an anticipated $213 million worth of digital assets entering the market. Avalanche (AVAX), a layer one blockchain, is the most extensive ecosystem to introduce tokens, including additional altcoins such as Pixels (PIXEL), Space ID (ID), 1Inch (1INCH), Galaxy (GAL), Acala Token (ACA), Forta (FORT), and Ethena (ENA) which are also anticipated to launch their coins. These alternative cryptocurrencies may encounter

Binance Labs leads a $43 million investment in Sahara AI

August 15, 2024 2 mins read

Binance Labs, the investment division of Binance, has spearheaded a $43 million Series A funding round for Sahara AI, a business specializing in decentralized artificial intelligence (AI). Binance Labs’ investment underscores the increasing convergence of AI and blockchain technologies, showcasing their strong confidence in Sahara AI’s capacity to stimulate innovation in the industry. Although Sahara AI is a recent participant, it has already formed partnerships with prominent technology companies such

Russia legalizes crypto mining, recognizing it as a crucial part of its digital economy

August 10, 2024 1 min read

Russia has officially approved the activity of crypto mining, marking a key milestone in the governance of digital currencies. President Vladimir Putin has signed legislation that will come into force on November 1, 2024. The new legislation introduces fundamental principles about crypto mining, encompassing the mining of digital currencies, the formation of mining pools, and the operation of mining infrastructure. Only Russian entities that are recognized as legal entities and

BlackRock’s IBIT leads the ETF pack with over $157 million in net capital

August 10, 2024 1 min read

Farside Investors reports that BlackRock’s iShares Bitcoin Trust (IBIT) has established a dominant position in the market, boasting a net capital of more than $157 million. WisdomTree’s Bitcoin fund (BTCW) saw a significant influx of nearly $118 million in a single day, marking its highest inflow since its establishment. Since its introduction in January, BTCW has faced difficulties in competing with other Bitcoin ETFs since its net capital has never

A decentralized custody marketplace launches an exchange with decentralized custody

August 8, 2024 1 min read

Figure Markets, a decentralized custody marketplace for digital assets, has launched the Figure Markets Exchange, aiming to create a single platform for seamless trading across a wide range of assets. The exchange, initially launched as a US onshore exchange, plans to expand to an offshore exchange later this year. Top-tier members will benefit from being paid to trade, discounted borrow rates, and other advantages. The Figure Markets Exchange offers decentralized

Spot Bitcoin ETF trading volume surges to over $5.5 billion on August 6

August 8, 2024 1 min read

On August 6, the trading volume of Bitcoin exchange-traded funds (ETFs) increased significantly to $5.7 billion, due to increased volatility in the cryptocurrency markets. Simultaneously, Bitcoin’s price has decreased by 8% since August 4, while Ethereum has witnessed a significant 21% reduction due to the selling of hundreds of millions of dollars worth of ETH by prominent funds such as Jump Trading and Paradigm. The trading volume of Bitcoin ETF

Bitcoin Drops to $49K as Investors Flee Risky Assets

August 5, 2024 1 min read

The price of Bitcoin (BTC) fell below $50,000. It then rose above $53,000, which is the lowest level since the middle of February. Following a four-day drop, the world’s biggest crypto fell to as low as $49,112, according to data from TradingView. This means BTC fell by over 28% in the last 7 days Ether (ETH), the Ethereum blockchain’s native currency, dropped to as low as $2,060, the lowest level

Donald Trump’s campaign raises $25 million through crypto donations

August 1, 2024 1 min read

The Bitcoin Conference 2024 concluded with former President Donald Trump gaining attention for his increasingly crypto-friendly stance. Trump’s campaign launched a fundraising page on May 21st, allowing contributions via crypto through Coinbase Commerce. During his keynote speech at the conference in Nashville, Tennessee, Trump revealed that his campaign has successfully raised $25 million since opening up to crypto donations. He expressed pride in being the first major party nominee in

The CFTC has secures a $31 million fine against Abner Tinoco and his company

July 29, 2024 1 min read

Abner Tinoco and his company, Kikit & Mess Investments, LLC, have been fined $31 million by the Commodity Futures Trading Commission (CFTC) of the United States of America for committing a significant violation of crypto regulations. A civil enforcement lawsuit was filed by the Commodity Futures Trading Commission (CFTC) in October 2021, claiming Tinoco and Kikit & Mess Investments committed fraud and misappropriating more than $3.9 million from 61 different