Tag: Crypto

Wall Street strategist Tom Lee is drawing parallels between Ethereum (CRYPTO: ETH) and the 1971 abandonment of the gold standard, predicting a “very high probability” that the cryptocurrency will eventually flip Bitcoin (CRYPTO: BTC) in market value. Check out the current price of ETH stock here. Lee, newly appointed...

After navigating significant challenges in the United States regarding money laundering allegations that led to the resignation of its former CEO, Changpeng Zhao (CZ), cryptocurrency exchange Binance finds itself under scrutiny once again, this time in Australia.  Binance’s AML And CTF Controls Under Fire The Australian Transaction Reports and...

Ethereum came close to breaking its all-time high this week, and the fallout was brutal for anyone betting against it. Around 259 million dollars in short positions were liquidated, along with another 80 million in long positions. That adds up to more than 340 million dollars in crypto liquidations...

SharpLink Gaming has approved a $1.5 billion stock buyback aimed at supporting its Ethereum treasury. The idea is straightforward. If the company’s stock starts trading below the value of the Ether it holds, they’ll begin to buy back shares to increase the ETH-per-share ratio and protect long-term holders. Buybacks...

TL;DR Following the recent delays by the US Securities and Exchange Commission, several filings for Ripple ETFs have been updated by the companies behind them. The asset’s price has also staged a remarkable recovery following the recent local bottom, especially after yesterday’s update on the legal case against the...

A Bitcoin wallet from several years ago showed activity just today, selling at a substantial profit and shifting strategies towards the second-largest crypto asset by market capitalization. Ethereum, the asset of choice, has meanwhile been garnering considerable attention from institutions and retail investors alike. Change of Heart A dormant...

Taiwanese authorities have wrapped up a major investigation into one of the country’s most high-profile crypto-related fraud cases, filing charges against 14 individuals linked to the BitShine exchange. Prosecutors allege the group conspired with criminal networks to siphon NT$1.27 billion (approximately $41 million) from more than 1,500 victims through...

The Commodity Futures Trading Commission (CFTC) has announced the next phase of the agency’s “Crypto Sprint” initiative, which aims to examine and implement recommendations from the White House. CFTC Launches New “Crypto Sprint” Phase On Thursday, CFTC acting chair Caroline Pham announced that the agency would begin the next...

According to reports, a Pennsylvania Democratic lawmaker on Aug. 20 filed a bill that would tighten rules around elected officials and cryptocurrency. Rep. Ben Waxman of District 182 introduced House Bill 1812 with eight Democratic co-sponsors. The measure would bar public officials from profiting from crypto while they hold...

South Korea’s biggest banks are reportedly in talks with Tether and Circle to discuss potential stablecoin partnerships and distribution in the country. Four Major South Korean Financial Groups Looking Into Stablecoins As reported by YonHap, major South Korean financial groups will see their top executives meeting with Tether and...