Shareholders of Coinbase, the largest US crypto exchange, filed a class action lawsuit against the company, accusing it of downplaying the likelihood of being sued by the US Securities and Exchange Commission. The lawsuit, filed on May 10, 2023, alleges that Coinbase and its top executives defrauded investors by painting an unrealistic picture of the
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Recently, Binance announced that its co-founder, Changpeng Zhao (CZ), is permanently barred from managing the crypto exchange. Initial reports suggested that CZ could potentially return to Binance after three years, but CEO Richard Teng clarified that the ban is indeed permanent. This means that CZ can never resume a leadership role at the platform, despite
In a recent statement, Arthur Hayes, the co-founder of BitMEX, expressed a pessimistic view on the immediate future of the Bitcoin price. Despite not providing explicit reasons for his prediction, Hayes hinted at a potential drop in the price of Bitcoin to below $50,000 in the coming weekend. His decision to take a short position
Born and raised in Edo State, Nigeria, I had the privilege of growing up with three siblings who served as my idols and mentors. My parents, the backbone of my story, stood by my side through thick and thin, providing unwavering support in all aspects of life. It was three years ago when I was
Bitcoin and Ethereum have experienced a rough start to September, with both cryptocurrencies seeing price declines. This bearish sentiment can be attributed to several macroeconomic factors, including the effects of the Yen carry trade. The recent surge of the Yen against the US dollar has led investors to sell riskier assets like Bitcoin and Ethereum
Robinhood’s cryptocurrency division has recently agreed to pay a $3.9 million fine to settle a California investigation into its past practices. California Attorney General Rob Bonta stated that the settlement was reached after Robinhood Crypto prevented users from withdrawing their digital assets from 2018 to 2022. It was also found that the company failed to
The recent revelation of the hacker responsible for the massive theft of over $235 million from the Indian crypto exchange WazirX transferring around $10 million through sanctioned Tornado Cash has sent shockwaves through the crypto community. According to blockchain security firm Cyvers, the hacker has been actively moving assets over the past 24 hours, with
Summers have historically been very bearish for the Bitcoin price, and the year 2024 has been no different. Since summer began in June, the price of Bitcoin has been very weak, with multiple flash crashes rocking the pioneer cryptocurrency at various points. So far, the Bitcoin price has gone from over $70,000 to below $50,000
Aayush Jindal, a prominent figure in the financial markets, has garnered over 15 years of experience in Forex and cryptocurrency trading. His journey began at a young age, where he displayed a natural talent for understanding complex systems and patterns. With an insatiable curiosity for market dynamics, Aayush delved into the world of finance and
Aayush Jindal is a prominent figure in the financial markets, with an extensive background in Forex and cryptocurrency trading spanning over 15 years. His expertise lies in providing unparalleled technical analysis, making him a trusted advisor and senior market expert for investors globally. From a young age, Aayush demonstrated a natural talent for decoding intricate