Cryptocurrency Analysis and News Portal
Binance.US, the United States arm of the crypto exchange has reportedly cut around a third of its staff — or 100 positions — with its president and CEO Brian Shroder also departing the firm.On Sep. 13, Bloomberg reported, citing a Binance.US spokesperson, that Shroder was replaced on an interim basis
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Solidus Labs research finds $2 billion in deceptive wash trading activities across Ethereum-based decentralized exchanges. Newly released data from Solidus Labs, a crypto trade surveillance and risk monitoring platform, indicates that a staggering $2 billion worth of crypto assets has been wash-traded on Ethereum-based decentralized exchanges (DEXs) since 2020. The report casts
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Amidst the constant price swings and uncertainties that plague the crypto market, stablecoins have become an invaluable asset for investors and traders.
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An increasing number of investment firms in the United States and Europe are appointing senior executives to lead digital asset investment strategies, based on the findings of a market intelligence firm.According to a recent Amberdata report titled 'Digital Assets: Managers' Data Infrastructure Fuel,' 24% of asset management firms have adopted
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Vitalik Buterin, co-founder of Ethereum, had his X (formerly Twitter) account compromised, which, according to social media reports, resulted in victims losing over $691,000 through malicious links.In a Sept. 10 post on X, Dmitry Buterin, the father of Vitalik Buterin, announced that his son's account has been compromised:“Disregard this post, apparently Vitalik
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Multinational technology company Apple has reportedly paid $5 million for the rights to author Michael Lewis’ upcoming book on former FTX CEO Sam Bankman-Fried (SBF) following a bidding war.According to a Sept. 7 report from The Ankler, Apple secured the rights to the book Going Infinite: The Rise and Fall
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The decision by the FASB to allow fair-value accounting for digital assets is a huge step forward for companies like MicroStrategy. Software developer MicroStrategy Inc (NASDAQ: MSTR) is set to report its Bitcoin (BTC) holdings quarterly without recognizing impairment losses in case of crypto price declines during the reporting period. This
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Rario, a Polygon-based platform issuing cricket-related nonfungible tokens (NFTs), has reportedly seen its founders leave the firm after two years after launching.Rario CEO Ankit Wadhwa and chief technology officer Sunny Bhanot are being pushed out as investors at the startup take greater control, TechCrunch reported on Sept. 8.Rario CEO Ankit
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The former CEO of Turkish crypto exchange Thodex, Faruk Fatih Özer, was sentenced to 11,196 years in prison by a Turkish court on charges of "establishing, managing and being a member of an organization", "qualified fraud", "laundering of property values".The Anatolian 9th High Criminal Court sentenced Ozer along with his
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Financial giant JPMorgan is making another move into the crypto space with a new blockchain-based solution for cross-border transactions, reveals a report by Bloomberg. The system, however, won't be available until the bank receives the green light from regulators in the United States. JPMorgan has reportedly developed most of the infrastructure
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