Market indicators revealed that the bulls were still ahead of the bears. However, the selling pressure on BTC was increasing, which could cause problems. Bitcoin [BTC] miners are sending record amounts of BTC to exchanges. As exchange entry increases, the chances of BTC witnessing a price correction increase. The latest from Glassnode’s tweet revealed that […]
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North America no longer looks like the best place for the good performance of companies in the crypto sector that are gradually leaving the region. So far in 2023, companies in the crypto sector are not receiving good vibes in North America and many of them are looking towards other horizons. If the sector leaves […]
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BlockFi’s UCC accuses CEO Zac Prince of defrauding customers and committing undue excesses, delaying progress. Prince allegedly breached his fiduciary duty, allowing fraudulent transfers and liquidating client holdings. Creditors propose to reduce BlockFi’s exclusivity period, or convert its bankruptcy to Chapter 7. BlockFi is a bankrupt cryptocurrency lender, and collateral victim of the historic FTX […]
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In a significant development in the ongoing legal battle between Coinbase and the US Securities and Exchange Commission (SEC), the American cryptocurrency exchange has filed a motion to dismiss the SEC’s lawsuit. Coinbase argues that digital assets listed on its platform do not fall under the jurisdiction of the SEC, and disputes the regulator’s assertion […]
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According to the second interim report from FTX Debtors, tracking down the embezzled funds from the collapsed exchange is a “huge challenge.” According to the second report by “FTX Debtors”, published on June 26, $7 billion in embezzled assets have been recovered to date. The broad mix of funds, however, complicates efforts to search for […]
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