Richard Teng, Binance CEO, has just announced on X that the Hong Kong Police Force has recognized the exchange, following its crucial role in a new case investigating the kidnapping. The Organized Crime and Triad Bureau of the Hong Kong Police Force sent a letter of appreciation to Binance, acknowledging ... Read more
In a move that has sparked considerable debate, the Ethereum Foundation recently transferred 35,000 ETH, valued at approximately $95 million, to the Kraken exchange. This transaction has drawn comparisons to past sales by the Foundation, particularly those in 2020 and 2021, which were followed by significant price movements in Ether. ... Read more
Bitcoin’s recent surge past the $62,000 mark has sparked optimism among investors, with many attributing the rally to Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. In his address, Powell’s remarks suggested a more accommodative monetary policy stance, which appears to have been the catalyst Bitcoin needed ... Read more
A federal court ruling recently rejected a motion by crypto exchange Kraken to dismiss a lawsuit brought against it by the Securities and Exchange Commission (SEC). On August 23, it ordered that the motion to dismiss the complaint of the SEC could not be granted, and, consequently, the case will ... Read more
Justin Sun, the founder of Tron and a prominent figure in the crypto world, took to X to share his enthusiasm about the meme development teams operating on the network. Sun expressed his belief that some of these emerging meme coins have the potential to reach a staggering market valuation ... Read more
Russia is planning to launch two new cryptocurrency exchanges as part of its strategy to boost its digital finance sector. According to the Russian newspaper Kommersant, the first exchange will be dedicated to foreign economic and trade activities and is expected to leverage the St. Petersburg Currency Exchange (SPCE) database. ... Read more
In a significant legal and diplomatic breakthrough, the Chinese government has successfully extradited its first economic crime suspect from Thailand. Zhang’s extradition, a linchpin figure in an enormous crypto pyramid scheme, marks a pivotal moment in bilateral relations between the two nations. On the evening of August 20, Zhang was ... Read more
Binance CEO Richard Teng recently shared insights into the company’s strategic direction and financial health. According to Teng, Binance has been profitable since its fifth month of operation, and the company remains cautious with its spending. This careful approach is part of a broader strategy to establish long-term sustainability and ... Read more
According to a recent report by the consumer protection group Public Citizen, digital currency companies are reshaping the 2024 elections. Led by big players like Coinbase and Ripple, the crypto industry has funneled more than $119 million into federal election campaigns this year, largely through contributions to a nonpartisan super ... Read more
Ripple (XRP) has shown remarkable resilience, maintaining strong performance and positioning itself for potential upward movement. Over the past week, XRP has experienced a notable increase of nearly 7%, indicating a positive momentum. The recent legal victory of Ripple in its case against the U.S. Securities and Exchange Commission has ... Read more
