The U.S. Securities and Exchange Commission (SEC) said on Nov. 20 that it has filed charges against the cryptocurrency exchange Kraken. The regulator accused Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency. It alleged that Kraken has brought in hundreds of millions of dollars of revenue since 2018 by illegally facilitating …
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Bittrex Global announced that it will end most exchange operations and trading activity in the coming weeks in an announcement published on Nov. 20. The company wrote: “It is with great regret that we announce that Bittrex Global has decided to wind down its operations. This decision was not made lightly, and we understand the …
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The sale of cryptocurrency news site CoinDesk to a new owner has concluded, according to an announcement from the purchasing firm on Nov. 20. Bullish, a firm operated by former New York Stock Exchange President Tom Farley, said that it acquired the news site from its previous owner, Digital Currency Group (DCG). CoinDesk will remain …
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Binance Holdings is in talks with the U.S. Justice Department (DOJ) to resolve allegations of criminal activities, including money laundering, bank fraud, and sanctions violations, via a settlement that could exceed $4 billion, Bloomberg News reported Nov. 20, citing sources. The development follows a years-long investigation by U.S. authorities into Binance’s operations related to compliance …
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A trader who nailed the floor price of Bitcoin (BTC) during the 2018 bull market believes Solana (SOL) and Polygon (MATIC) are about to witness bursts to the upside. Pseudonymous analyst Bluntz tells his 229,100 followers on the social media platform X that Solana looks ready to rally after pulling back to last week’s low …
Bitcoin transaction fees have soared above Ethereum’s amid a renewed appetite for Ordinals-inscribed assets. News Join us on social networks Average daily transaction fees on Bitcoin (BTC) have flipped with Ethereum following a frenzy of Ordinals-related activity on the Bitcoin network. On Nov. 20, the average daily transaction fee for Bitcoin stood at $10.34, while …
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The crypto advocacy group said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools. News Join us on social networks The Blockchain Association has thrown fresh support behind six plaintiffs suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on the crypto mixer Tornado …
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The open interest for AVAX has been on a consistent rise over the last month, carrying the price of the altcoin along with it. The result of this continuous climb is the fact that the open interest has now surged to May 2022 levels, a development that could spell a massive rally for the price. …
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Bitcoin price is only at $37,500 — a far cry from former all-time highs around $68,000. However, one visual technical analysis tool could show that overhead resistance is weak, and that the top cryptocurrency could rip right through what’s left. Could BTCUSD be back at all-time highs faster than most are ready for? Bitcoin Price …
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Solana (SOL) has emerged as a prominent player in the dynamic world of cryptocurrency, showcasing a remarkable uptrend and delivering substantial gains. Despite a modest 3.6% correction in SOL price over the past 24 hours, the native token of the blockchain platform has recorded a significant increase of 43% over the past fourteen-day period. However, …
Several altcoins have garnered attention for their potential in the next bull run. Nick, a prominent crypto analyst and host of the Cheeky Crypto YouTube channel, has pinpointed three specific altcoins that he believes are poised for significant growth in the forthcoming market surge. Based on current market trends and developments, Nick’s analysis highlights these …
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In a recent analysis, a crypto market expert has discovered key elements that could trigger a massive surge in the Bitcoin price. Crypto Expert Reveals Bitcoin Price Surge Catalyst Head of Research at CoinShares, James Butterfill has published an in-depth analysis of a revelation that could catalyze a significant increase in Bitcoin’s price. Butterfill’s research …
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The firm behind USDT has voluntarily frozen over $200 million worth of stablecoins to assist the U.S. Department of Justice (DOJ). In a new announcement, Tether says they are freezing $225 million in USDT funds in certain Southeast Asian wallets allegedly connected to “pig-butchering” romance scams. In a pig butchering scam, bad actors form a relationship …
Umami Labs CEO Alex O’Donnell grew up on the outskirts of Philadelphia before attending Temple University to study literature and economics. That path led him to devote seven years of his life as a financial journalist at Reuters, where he specialized in M&As IPOs. He said his academic focus created a “pretty natural synthesis” when …
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The SEC alleged Kraken operated as an unregistered exchange, broker, dealer and clearing agency. Breaking news Join us on social networks The United States Securities and Exchange Commission (SEC) has sued Kraken alleging it commingled customer funds and failed to register as a securities exchange, broker, dealer, and clearing agency with the regulator. In a Nov. …
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