Genesis Global, one of the largest lenders of crypto assets, successfully completed the process of bankruptcy reorganization and began distributing almost $4 billion in digital assets and cash to creditors. The milestone marks a giant recovery phase for the company, which declared bankruptcy in early 2023 amid a challenging bear ... Read more
Internet Computer (ICP) has seen much turbulence in its market performance recently. It seems to be greatly influenced by the recent sharp decline of Bitcoin (BTC). The token has dropped almost 17% in just the last week. If one looks at a longer time frame, though, Internet Computer has shown ... Read more
XRP is pointing to promising signs of a potential breakout. The token currently tests an important monthly resistance level at $0.60, which has usually been highly resistant. A successful breakout would propel the token past several resistance points, potentially yielding expansive gains for investors. Recently, it was able to hit ... Read more
The High Court of Singapore has dismissed a $9 million (S$12 million) lawsuit filed by an investor Georgios Baizanis against Snap Innovations and the founder of the now-defunct cryptocurrency platform Torque. Baizanis, a Greek investor, had accused the entities of fraud and misrepresentation related to investments in the startup and ... Read more
Bybit, one of the leading cryptocurrency exchanges globally, has announced on Thursday its decision to withdraw from the French Market. This move comes in response to recent regulatory developments in the country aimed at tightening oversight of the cryptocurrency sector. “It has always been Bybit’s primary objective to operate our ... Read more
Ethereum, the world’s second-largest cryptocurrency by market capitalization, has been under high volatility, with a visible drop in its value. ETH has lost nearly 7% of its price over the past week while, in the last 30 days, dropping by around 12%. This downturn follows the launch of Ethereum exchange-traded ... Read more
VeChain announced a major partnership with the Crypto Carbon Ratings Institute (CCRI), a leading European entity focused on increasing transparency about the environmental footprint in the cryptocurrency industry. In this cooperation, VeChain would prepare itself for the upcoming European regulations with a focus on sustainability. The MiCA regulations will become ... Read more
The Enforcement Directorate (ED) has launched its first-ever raid in Leh-Ladakh, targeting a fraudulent cryptocurrency scheme under the Prevention of Money Laundering Act (PMLA). The operation involved searches at six locations, including Leh, Sonipat, and Jammu, focusing on M/S A.R.Mir and their cryptocurrency, “Emollient Coin.” The ED’s action was supported ... Read more
Bitcoin (BTC), the leading cryptocurrency globally, recently saw a sharp decrease, hitting a substantial low at $62,300. This rapid drop unsettled many investors, but BTC demonstrated resilience, quickly rebounding and sparking hope among market analysts. Bitcoin’s current price stands at $64,664, showing a slight 0.02% increase in the last 24 ... Read more
