News

CZ and Binance Not in the Clear Yet as SEC Investigation into Binance US Continues

The SEC is seeking more evidence of alleged backdoor control of customer assets at Binance US, resembling FTX's structure. CZ awaits the court's decision on travel restrictions.

Sjuul Follings

The SEC is widening its probe into Binance US for potential control over assets, like FTX, while CZ awaits a decision that could allow him to travel overseas again before his sentencing. The developments show both entities still have ongoing issues with US regulators.

Mt. Gox Creditors Anticipate Cash Repayments in 2023

After years of anticipation, Mt. Gox creditors are poised to finally receive cash repayments in 2023. The upcoming reimbursements, distributed in both cryptocurrencies and fiat money, will signify a pivotal moment in the exchange's history.

Sjuul Follings

Nearly a decade after the bankruptcy of Mt. Gox, the defunct cryptocurrency exchange, creditors are eagerly expecting cash repayments scheduled for 2023. The repayments, comprising cryptocurrencies and fiat money, mark a significant milestone in this long-standing saga.

Congressman Davidson Advocates for SEC Chief's Dismissal Amid Crypto Disputes

Congressman Warren Davidson and pro-XRP attorney John E. Deaton raise concerns about SEC Chair Gary Gensler's increasing enforcement actions and demand his removal.

Sjuul Follings

in the wake of increasing SEC enforcement actions against crypto entities, Congressman Davidson and pro-XRP attorney Deaton voice concerns, culminating in a renewed call for the dismissal of SEC Chairperson Gensler.

Bitstamp Clarifies Bitcoin Outflow Amidst Data Discrepancy

Bitstamp addresses the discrepancy in Bitcoin outflow data, asserting a 1% depletion of its holdings in contrast to reported figures. The exchange seeks to provide transparency amidst concerns over the accuracy of the information.

Sjuul Follings

Bitstamp responds to data indicating significant Bitcoin outflows, asserting a 1% reduction in holdings contrary to reported figures. The exchange aims to maintain transparency amid discrepancies, addressing concerns regarding the accuracy of the disclosed information.

US Justice Department Confiscates $9M in Tether Linked to 'Pig Butchering' Scams

The U.S. DOJ seizes $9 million in Tether linked to fraudulent activities, highlighting the increasing vigilance in tracing and penalizing cybercriminal activities within the crypto space.

Sjuul Follings

The U.S. DOJ has seized $9 million worth of the Tether stablecoin, linked to a fraudulent organization employing a pig butchering scam, reflecting the increased scrutiny on illicit activities in the cryptocurrency ecosystem.

Binance Exchange Navigates Regulatory Challenges

Amid regulatory challenges and a change in leadership, Binance, a leading crypto exchange, processed nearly $1 billion in net outflows. Despite concerns, the exchange's substantial token reserves alleviate fears of potential insolvency.

Sjuul Follings

Binance, under scrutiny due to criminal charges and the resignation of CEO Changpeng 'CZ' Zhao, faced nearly $1 billion in net outflows. Despite this, the exchange's reserves of over $67 billion in tokens and stablecoins provide reassurance against solvency concerns.

Expert Forecasts Ripple IPO Date: Is a Public Offering on the Cards?

Wall Street financial expert pinpoints Ripple IPO date amid ongoing legal conflict with the SEC. Explore the potential timeline and influences.

Sjuul Follings

Wall Street finance expert Linda Jones predicts a potential Ripple IPO date, despite persisting legal challenges with the SEC.

Bithumb Ex-Chairman's Legal Battle Could Set Precedent for Crypto Exchanges

Lee Jeong-hoon, former Bithumb chairman, faces an eight-year prison sentence in an appeal verdict scheduled for January 18, which could establish a legal precedent for cryptocurrency exchanges and governance.

Sjuul Follings

The legal battle involving Lee Jeong-hoon, former chairman of Bithumb, a major South Korean cryptocurrency exchange, could establish a precedent for the sector as he faces fraud charges. The outcome of the appeal may influence the future of Bithumb and its cryptocurrency token, BXA.

Navigating the Crypto Seas: Understanding the Recent Shifts in Futures Funding Rates

Explore the recent shifts in crypto futures funding rates as the market experiences turbulence. Understanding the dynamics of open interest, funding rates, and liquidations provides insights into the evolving cryptocurrency landscape.

Sjuul Follings

Discover the recent highs and subsequent normalization in crypto futures funding rates, unraveling the impact on open interest, liquidations, and market corrections in the dynamic cryptocurrency space.

Chainlink's Meteoric Rise in Transactions and Value

Explore the factors driving Chainlink's LINK token to a 95% surge in the past month, including bullish on-chain metrics, increased daily transactions, and strategic partnerships.

Sjuul Follings

Chainlink's LINK token skyrockets 95% in a month, backed by a surge in daily transactions, bullish on-chain metrics, and strategic collaborations, indicating its rising prominence.

Ripple Effects of a Fake BlackRock XRP ETF Filing

Discover how a fake XRP ETF filing attributed to BlackRock led to a fleeting price surge and significant liquidations, impacting the cryptocurrency market.

Sjuul Follings

A false BlackRock XRP ETF filing caused a brief XRP price surge, resulting in over $6.2 million in liquidations, highlighting market vulnerability to misinformation.

Bitcoin's Supply Tightens as Fourth Halving Nears:

Discover how the tightening of Bitcoin's available supply signals significant market changes as the fourth Bitcoin halving approaches.

Sjuul Follings

Bitcoin’s available supply is at historic lows, emphasizing significant market dynamics as the fourth Bitcoin halving nears.

Unibot Telegram Bot Falls Victim to Exploit, $600k in Tokens Stolen

Unibot Telegram bot hacked, leading to a $600k loss in tokens. Unibot pledges to reimburse affected users and highlights the critical need for security in crypto trading.

Sjuul Follings

Unibot Telegram bot's recent exploit results in $600k stolen tokens, with Unibot taking swift action to reimburse users and address security concerns.

Bitcoin Maintains Strong Profitable Position Despite Price Dip

Discover how over 39 million Bitcoin addresses stay profitable, showcasing the resilience of Bitcoin investors even as the price remains below its all-time high.

Sjuul Follings

Bitcoin's resilience shines as over 39 million addresses remain in profit, highlighting investor confidence despite the price being half of its all-time high.

Bitcoin Mining Difficulty Rises: Implications for Network Health

Bitcoin’s network health gets a boost with the fourth consecutive rise in mining difficulty, signaling a secure and active mining landscape.

Sjuul Follings

Bitcoin's mining difficulty increases for the fourth time in a row, indicating a strong and secure network with a surging hash rate.

Solana's Ambitious Journey Towards a Billion Users: Innovations and Forecasts

Discover Solana's strategic path towards attracting a billion users with its high-speed blockchain capabilities and the promising forecasts by VanEck.

Sjuul Follings

Solana sets its sights on a billion users, with Firedancer's upcoming launch set to enhance transaction speeds, supported by VanEck's bullish SOL token valuation.

Nerayoff on XRP's Potential: Could It Cross the $100 Mark?

Former Ethereum advisor, Steven Nerayoff, discusses the potential of XRP to reach unprecedented price points, drawing interesting comparisons with global financial trends.

Sjuul Follings

Steven Nerayoff believes XRP has immense potential, suggesting it might even surpass the $100 mark, given the right conditions.

Bitcoin's Surge in Nations Grappling with Inflation

Bitcoin achieves record prices in Argentina, Nigeria, and Turkey, highlighting its significance in countries facing economic inflation. Dive into the regional trends and global implications.

Sjuul Follings

Bitcoin sees record highs against currencies in Argentina, Nigeria, and Turkey, spotlighting its role as a financial haven amidst inflation.

Unciphered Steps In: A Potential Solution to $244M Locked Bitcoin

Unciphered, a crypto recovery firm, offers a lifeline to ex-Ripple CTO Stefan Thomas by proposing a solution to unlock his $244M worth of Bitcoin. Will he accept?

Sjuul Follings

Crypto recovery firm, Unciphered, offers to assist Stefan Thomas in unlocking his IronKey hard drive, which holds Bitcoin worth $244 million.

Bitcoin's Remarkable Surge: 54% Dominance As 2024 Halving Approaches

Bitcoin's dominance ascends to 54% ahead of the 2024 Halving, showcasing its strength in the cryptocurrency market. What does this mean for investors?

Sjuul Follings

Bitcoin's market dominance rises to 54%, indicating its strong position as the next halving event in 2024 approaches.

FTX's Multi-Million Crypto Transfer to Binance Sparks Asset Sale Speculations

FTX transfers millions in cryptocurrency to Binance, hinting at potential asset sales post its recent financial collapse. The move is closely monitored by the crypto community.

Sjuul Follings

Post-collapse, FTX transfers millions in crypto assets to Binance, sparking speculations about potential asset sales.

Ripple and Uphold Join Forces to Bolster Crypto Liquidity

Ripple partners with Uphold to bolster its crypto liquidity in cross-border payments. The collaboration promises efficient global transactions.

Sjuul Follings

Ripple teams up with crypto platform Uphold to enhance its global payment infrastructure and crypto liquidity.

The Rise of Altcoins: Bitcoin's Dominance Decline Could Signal Altcoin Boom

Bitcoin's dominance could pave the way for an altcoin surge. With potential breakouts looming, altcoins like Ethereum, Solana, and Dogecoin are ones to watch.

Sjuul Follings

Bitcoin's rising dominance might soon be followed by an altcoin boom, with top contenders like Ethereum, Solana, and Dogecoin in the spotlight.

BlackRock Moves Closer to Bitcoin ETF Launch on Nasdaq

BlackRock's iShares spot Bitcoin ETF edges closer to a Nasdaq listing, indicating growing acceptance and potential SEC approval of crypto ETFs.

Sjuul Follings

BlackRock's proposed iShares spot Bitcoin ETF gets listed on DTCC, hinting at an imminent SEC approval and potential crypto ETF growth.

SK Telecom and CryptoQuant Unveil New Crypto Wallet for Korean Market

Discover the collaboration between Korean telecom giant SK Telecom and analytics firm CryptoQuant, unveiling a cutting-edge crypto wallet for users.

Sjuul Follings

South Korea's SK Telecom teams up with CryptoQuant to launch a novel crypto wallet, integrating powerful on-chain analysis tools for users.