Crypto news

The Valley Stream, New York resident – Eddy Alexandre – received a nine-year prison sentence for engaging in commodities fraud. He was found guilty of swindling $248 million from over 25,000 investors through his cryptocurrency trading platform called EminiFX. The investigation determined that Alexandre used some of the funds to purchase luxurious items for himself, such as expensive cars. The ‘Brazen’ Fraud The US Department of Justice (DOJ) announced Alexandre’s punishment...

Merely hours after the Securities and Exchange Commission (SEC) filed lawsuits against both Binance and Coinbase – two of the biggest and most popular digital currency trading platforms in the world – the agency’s head Gary Gensler made comments that the entire crypto industry is “built on non-compliance” and that the U.S. doesn’t “need more digital currency.” The SEC Is Mixed Up With that latter comment, it truly becomes clear what Gensler is all about… Getting...

Nassim Nicholas Taleb – the author of the book “The Black Swan” who is among crypto’s biggest critics – launched another bashing manifest against the asset class. He believes the mania surrounding bitcoin and the alternative coins have started fading out because young people have turned their focus toward Artificial Intelligence (AI). The Latest Dose of Criticism In one of his recent tweets, Taleb claimed that the crypto hype is “starting to peter out” due to youngsters’ new...

[Press Release – San Diego, CA, July 22nd, 2023] NFT collection Dimension X has announced that it is to launch on Ethereum on August 8. The Ethereum-based digital cards can be used in a corresponding RPG game. Community members have the opportunity to register for a chance to mint an allowlisted NFT. The allowlist raffle for Dimension X closes on July 31 at 10am PST. The total supply for the collection has been set at 10,000 NFTs comprising 7,197 raffle mints and 2,803...

The cryptocurrency market has been bleeding out slowly throughout the past 24 hours, losing some $9 billion in the process. This comes on the back of losses from altcoins, which have been charting slight declines across the board. Meanwhile, Bitcoin’s price keeps stagnating at the same place it was yesterday. Bitcoin Fights For $30K The Bitcoin price has failed to overcome the $30K level. What is more – it appears that the bears are attempting to take control of the action...

Signs of recovery during the later stages of Q1 dampened as trading volumes failed to continue the upward trend in Q2. While centralized crypto exchanges were the biggest losers due to the mounting pressure from regulators, the resultant choppy market conditions didn’t spare the decentralized counterparts either. The latest data compiled by CoinGecko revealed that the spot trading volume on decentralized exchanges plummeted by over 28%. Uniswap, however, maintained its...

Cathie Wood’s ARK Invest revealed some interesting details on its portfolio in the second quarter of 2023. The latest report suggested that Grayscale Bitcoin Trust (GBTC) stood out as one of the top-performing assets within the investment firm’s portfolio. However, when it comes to asset allocation, GBTC trailed behind Coinbase at ARKW. GBTC Tops Chart Grayscale Bitcoin Trust (GBTC) played a crucial role as one of the top five contributors driving ARKW’s impressive growth of...

A recent study conducted by CryptoVantage estimated that 23% of US residents expect bitcoin to climb to its all-time high price of almost $70,000 by the end of 2023. 47% think this would happen in the next five years. The majority of respondents also believe the high inflation that has recently spread across the globe will make the cryptocurrency industry more attractive to investors.  Americans’ Latest Thoughts on Crypto The survey, which questioned 1,000 US residents who...

Caroline Ellison – former CEO of the fallen crypto trading desk Alameda Research – felt “unhappy and overwhelmed” with her job, and strongly doubted that she was well suited to the role, according to newly leaked excerpts from her online diary. The excerpts shed light on many of her inner thoughts heading preceding FTX’s demise, including her troubled relationship with Sam Bankman-Fried (SBF). Boyfriend Pressure and Imposter Syndrome As reported by The New York Times on...

Just yesterday, it was announced that popular digital currency trading platform Coinbase was being sued by the SEC. The news came as a shock to many, and it’s clearly another step in the agency’s agenda to rid the country of crypto for good. Coinbase Gets Its Way Against the SEC The good news is that Coinbase doesn’t appear to be taking the abuse sitting down, and it recently got a legal win in its corner. Not long ago, the exchange made headlines when it filed...