Binance’s dominance over the centralized crypto exchange market has weakened over the past year, according to a new report from 0xScope. Estimates from the blockchain analytics firm suggest that Binance’s trading volume and other indicators are “around 10% lower overall,” while competition from OKX and other “second-tier exchanges” grows stiffer. Binance’s Second Tier Competitors Per...Read More
New Jersey’s U.S. Attorney’s Office has filed a civil forfeiture action against Christopher Castelluzzo and two other members of an unnamed drug trafficking group based in New Jersey. According to the filing, the other two members of the group are Luke Atwell – a friend and business partner of Castelluzzo’s who is currently serving a...Read More
With XRP edging closer to the psychological price of $1, BorroeFinance ($ROE) is changing stakes in the traditional financing market by incorporating technological innovations, such as artificial intelligence (AI), blockchain, and non-fungible tokens (NFTs). >>BUY $ROE TOKENS NOW<< BorroeFinance’s Revolutionary Approach to Traditional Financing Given that the traditional financing sector is valued at approximately $3...Read More
The U.S. Securities and Exchange Commission (SEC) is struggling to recruit and retain crypto experts due to internal hiring restrictions, according to a new report from the agency’s Inspector General. The statement comes at a time when the SEC is highly focused on reigning in the blockchain industry, which its chairman Gary Gensler has described...Read More
Bitcoin miner Marathon Digital has continued its international expansion by launching a 27-megawatt Bitcoin mining project powered by renewable hydro energy near Paraguay’s Itaipu Dam. According to a press release, Marathon Digital launched the project in partnership with Penguin Infrastructure Holding, which aims to transform energy into human potential in Paraguay. The project’s first miners...Read More
The U.S. Securities and Exchange Commission (SEC) has fired back at Binance’s recent motion to dismiss the regulator’s lawsuit against the exchange, calling the latter’s arguments a “tortured interpretation of the law.” In an 88-page filing with the DC Circuit on Tuesday, the agency argued that Binance had ignored most of its core allegations in...Read More
Since FTX’s bankruptcy on November 11, 2022, significant developments have unfolded. FTX founder Sam Bankman-Fried has been swiftly convicted on seven criminal charges, potentially facing a prison sentence of up to 110 years. The federal criminal case, marked by unusual efficiency, resulted in a conviction within a year of FTX’s collapse and the initiation of...Read More
Upon the crash of Terra’s ecosystem a year and a half ago, the ripple effects harmed many digital asset companies in one way or another. Crypto lenders, such as BlockFi, Celsius, and Hodlnaut, were among the biggest victims, whether due to exposure to the failed project or inappropriate management. In the 18 months that followed,...Read More
For the first time in three months, the top 13 publicly traded crypto mining companies have sold more bitcoins (BTC) than they produced. According to Bitcoin mining research platform TheMinerMag, the liquidation-to-production ratio for miners like Marathon Digital, Core Scientific, Argo Blockchain, Bitfarms, Bit Digital, Hut 8, Iris Energy, and Terawulf was 105% in October,...Read More
The rotation into altcoins continues as Bitcoin price now consolidates between $35K-$38K, creating short-term opportunities for traders to capitalize on rising altcoins. Traders are taking advantage of this shift, which is funneling capital into the altcoin sector and strengthening the support for leading altcoins such as MATIC, Solana, and Chainlink, indicating a promising week ahead. ...Read More
