Jan 27 2025
The U.S. Supreme Court has rejected a petition from Binance and its founder, Changpeng Zhao. The two parties sought a review of a ruling that applies U.s. securities laws to the exchange despite its lack of a physical headquarters. The January 13 follows a lawsuit by investors who accused the world’s largest crypto exchange of …
Dec 20 2024
Exodus Movement Inc., the financial technology company behind the Exodus self-custodial crypto wallet, has officially entered Wall Street. The firm’s first full day on the market was eventful, with its stock surging 36.33% to close at $53.50 while registering an impressive intra-day high of $67.00. It joins a select group of crypto-centric companies making their …
Feb 17 2024
A new U.S. government report claims digital assets can help criminals flout federal sanctions law. Authors asserted that foreign states working against American interests – including Iran and North Korea – “are using digital assets to evade the impacts of those sanctions.” Blockchains like Bitcoin (BTC) are well-known for having poor privacy, and have been …
Feb 16 2024
The US Department of Justice (DOJ) has brought charges against three people for defrauding investors of nearly $2 billion. According to the DOJ, the individuals promoted a fraudulent cryptocurrency investment program that promised investors high returns. Sam Lee, an Australian living in the United Arab Emirates (UAE), and American citizens Rodney Burton and Brenda Chunga, …
Mar 23 2023
A recent report by David Duong, the head of institutional research for leading American crypto exchange Coinbase, suggests that crypto is the solution to the point of failure in the existing financial system. The researcher opined that the recent U.S. banking turmoil has caused more people to see and appreciate the value proposition of having …