Colombian President Gustavo Petro allegedly accepted over $500,000 of illicit crypto donations from a fraudulent project to fund his 2022 campaign. According to local media, cryptocurrency project Daily COP made the illicit donation of 2 billion Colombian pesos, or roughly $514,036, in crypto to Petro’s campaign in 2022. A meeting in February 2022 took place […]
EigenLayer, a blockchain startup, has finally distributed its EIGEN tokens to users. However, these tokens are currently non-transferable, meaning users cannot trade them yet. The Eigen Foundation, a non-profit managing the token distribution, has not announced when the tokens will become transferable. EIGEN claims are now open at https://t.co/3KHclcfvcy, for Phase 1, Season 1. Please […]
Kraken and the US Securities and Exchange Commission (SEC) remain embroiled in a dispute, as the crypto exchange filed a new document questioning the accuracy of the regulator’s case. The development comes three months after Kraken filed a motion to dismiss the SEC’s lawsuit against it. SEC’s Case Isn’t Worded Correctly Kraken recently filed a […]
Bitcoin’s price fell 2.5% to $60,300 on Friday as Federal Reserve officials weighed their options for combatting stubborn price inflation in the United States. Bitcoin traded for $63,400, at noon UTC on Friday, before plummeting below $61,000 over the next few hours. According to Coinglass, the volatility triggered $175 million in liquidations over the past […]
The Justice Department (DOJ) has chosen consulting firm Forensic Risk Alliance (FRA) to oversee Binance Holdings Ltd., which pleaded guilty to violating US money-laundering laws and trade sanctions. FRA specializes in fraud investigations and compliance and will be granted access to Binance’s internal records, facilities, and employees. Their role is to ensure Binance adheres to […]
XRP, the native token of Ripple, finds itself caught in a tug-of-war between surging social media interest and a price that refuses to ignite. While online chatter paints a picture of a vibrant community, the token’s value treads water, leaving investors to question whether the buzz translates to bullish momentum. Social Media Frenzy Fuels XRP […]
Wells Fargo, a major financial institution in the United States, announced its entry into the Bitcoin market with investments Grayscale and ProShares’ Bitcoin Exchange ETF. Wells Fargo reported holding shares in two ETFs, the ProShares Bitcoin Strategy ETF, which tracks Bitcoin futures contracts, and the Grayscale Bitcoin Trust, which was recently converted into a spot […]
Cryptocurrency wallet provider Exodus Movement faced an unexpected setback in its attempt to go public. The company's planned exchange listing on the NYSE American, originally scheduled for May 9, was halted due to a further review of Exodus's registration statement by the U.S. Securities and Exchange Commission (SEC). According to the press release from Exodus, […]
TL;DR The legal confrontation between Ripple and the SEC intensifies, with recent filings focusing on whether a key witness’s declaration is standard evidence or unsolicited expert testimony. As both parties await a judicial ruling, speculations arise about a potential settlement this summer. The SEC’s Actions The legal case between Ripple and the US Securities and […]
The Commodity Futures Trading Commission (CFTC) ignited a firestorm on Friday with a proposed rule change targeting prediction markets. The move seeks to prohibit trading on the outcomes of political events, effectively shutting down platforms like PredictIt and Polymarket popular among crypto enthusiasts. The CFTC, led by Chairman Rostin Behnam emphasizes protecting the integrity of […]