A recent decision by a federal judge has dealt a significant blow to Coinbase, the leading US cryptocurrency exchange. The judge rejected Coinbase’s motion to dismiss a class action lawsuit filed by shareholders, accusing the company of downplaying the risk of being sued by the US Securities and Exchange Commission (SEC). The lawsuit, filed by
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Growing up in Edo State, Nigeria, I have always been surrounded by a supportive family that has shaped my values and beliefs. My parents have been my pillars of strength, guiding me through life’s challenges and successes. With three siblings who serve as my role models, I have always strived to learn and grow, embracing
Arthur Hayes, the co-founder of BitMEX, recently shared a grim forecast for the immediate future of the Bitcoin price. In a statement on his X profile, Hayes mentioned that he was aiming for the price to drop below $50k over the weekend and that he had taken a short position. This bold move reflects his
The month of September has not been kind to Bitcoin (BTC) and Ethereum (ETH), as both cryptocurrencies have seen a decline in their prices. This negative sentiment towards the top cryptocurrencies is a result of various macroeconomic factors that are affecting the broader crypto market. One of the key factors contributing to the bearish outlook
Robinhood’s crypto division recently agreed to pay a $3.9 million fine as part of a settlement with the California Attorney General’s office. This comes after an investigation found that Robinhood Crypto prevented users from withdrawing their digital assets between 2018 and 2022. Additionally, the company failed to fully disclose details about its trading and order-handling
Following the theft of over $235 million from Indian crypto exchange WazirX, the hacker responsible has managed to transfer around $10 million through the sanctioned Tornado Cash in the past 24 hours. This move has raised concerns within the crypto community, as it indicates potential challenges in tracking and recovering the stolen funds. The hacker’s
The summer of 2024 has not been kind to the price of Bitcoin, as historical data has shown summers to be generally bearish for the cryptocurrency. Since the beginning of summer in June, Bitcoin has experienced significant weakness, with multiple flash crashes leading to a decrease in value. The price of Bitcoin has plummeted from
Aayush Jindal, a prominent figure in the financial markets, has dedicated over 15 years to mastering the intricacies of Forex and cryptocurrency trading. His journey began at a young age, where his natural talent for deciphering complex systems and patterns set him on a path to becoming a trusted advisor and expert in the field.
The recent case involving hedge fund Galois Capital Management LLC and the US Securities and Exchange Commission (SEC) sheds light on the importance of adhering to client asset safeguarding requirements, especially in the crypto sector. The SEC charged Galois Capital with failing to comply with the Custody Rule provisions, putting investors at risk of losing
Binance CEO Richard Teng has spoken out against the Nigerian government’s treatment of Tigran Gambaryan, an American executive who has been detained since February. Teng expressed his outrage in a post on X, where he shared a viral video of Gambaryan struggling to walk into a courtroom. Teng demanded an end to the inhumane treatment