FTX Sues Ex-Alameda Employees Over $157M Recovery.
FTX recovered over $5 billion in assets but owes $8.7 billion to customers.Former FTX CEO Sam Bankman-Fried remains incarcerated ahead of an October trial.In a dramatic turn of events, the…
Breaking: Bybit Close Doors in UK as Crypto Rules Tighten
Bybit’s exit from the UK is a direct response to the new marketing regulations introduced by the FCA.From Oct 1, Bybit stops new customer sign-ups, and starting Oct 8, existing…
Kraken User Falls Victim to $4.5M USDT Loss in Phishing Scam
Phishing scams may come with a 24/7 “customer service: chat that give unsuspecting users deceiving explanations.In yet another successful phishing scheme, an unsuspecting user suffered a multimillion-dollar loss in Tether.…
Australian Regulator Initiates Civil Proceedings Against This Crypto Company.
ASIC takes legal action against Bit Trade Pty Ltd for breaching design and distribution obligations (DDO) in margin trading, causing customer losses.The Australian Securities and Investments Commission (ASIC) has initiated…
Binance and CZ Seek Lawsuit Dismissing, Call it Regulatory Overreach.
Binance Holdings and CZ have submitted a joint motion to dismiss the SEC lawsuit.The filing states the SEC does not accuse Binance or CZ of committing fraud or harming investors.Binance,…
Ethereum’s Recovery Stumbles as Bears Assert Control
The Ethereum price has recovered from a five-month low.A potential price decline to $1,431 if $1,538 support is breached.Ethereum, the second-largest cryptocurrency has been on a rollercoaster ride over the…
Binance CEO CZ Sets the Record Straight on $250M Loan Claims.
The US court had recently denied an inspection plea by the SEC.Binance CEO Changpeng ‘CZ’ Zhao has refuted a recent report alleging that he received a $250 million loan from…
Ethereum (ETH) Price Tumbles as Bearish Sentiment Looms
Many Ethereum addresses linked to the platform’s ICO have begun to exhibit movement.The ETH price seems to have lost momentum after facing resistance at $1666 level.To improve the openness and…
U.S House Committee Passes CBDC Development Restriction Bill.
The panel’s top Democrat, Rep. Maxine Waters (D-Calif.), voiced her opposition.The Senate, where Democrats have a majority, may provide significant opposition.A measure to prevent efforts to establish a CBDC in…
Fed’s Interest Rate Update Might Trigger Bitcoin (BTC) Rally.
The Federal Reserve has firmly decided to keep the funds rate within its current range of 5.25%-5.5%. This decision places the interest rate at its highest level since the early…