Going just by headlines, you’d probably think Changpeng “CZ” Zhao is having yet another bad week: Days after pleading guilty to violating U.S. anti-money laundering laws and sanctions and ultimately resigning as Binance’s CEO, the beleaguered crypto mogul got word today that, at least for now, he’s barred from leaving the United States while awaiting sentencing. In one sense, today’s…
Binance.US attorney Matthew Laroche has asked a federal judge to consider putting an end to the SEC’s investigation for potential fraud. Source: https://cointelegraph.com/public/index.php/news/sec-looking-evidence-potential-fraud-binance-us-changpeng-zhao
Smart contracts are the heart of the entire blockchain industry, from meme coins to complex DeFi platforms. These automated programs, however, face the persistent threat of cyberattacks, which often lead to significant financial and reputational losses. The best defense, according to a team of researchers, is artificial intelligence. “Lightning Cat” is a novel solution that employs deep learning techniques to…
Crypto tokens tied to video game projects and platforms are some of the biggest gainers among the top 100 cryptocurrencies by market cap over the last week, as tokens like Axie Infinity (AXS), ApeCoin (APE), and Iluvium (ILV) put up considerable percentage gains. Axie Infinity had a hot week, rising 12% over the last seven days per data from CoinGecko…
Crypto exchange Coinbase (COIN) shares have hit an 18-month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and sanctions violations in the United States. On Nov. 27, Coinbase closed at $119.77, its highest since May 5, 2022, when it closed at $114.25, according to TradingView data. It has seen little movement in…
The United States Securities and Exchange Commission is still looking for evidence that Binance.US had a backdoor to potentially control customer assets in a similar style to FTX, according to a Nov. 27 report by the Wall Street Journal. In June, the SEC filed a lawsuit against Binance and Binance.US, alleging that the exchange was involved in the sale of…
Ether (ETH) is struggling to maintain the $2,000 support as of Nov. 27, following its third unsuccessful attempt in 15 days to surpass the $2,100 mark. This downturn in Ether’s performance comes as the broader cryptocurrency market sentiment deteriorates, thus one needs to analyze whether It’s possible that recent developments, such as the U.S. Department of Justice (DOJ) signaling potential…
The United States government is searching far and wide for Richard Heart, the controversial crypto founder it charged months ago with orchestrating an illegal $1 billion securities scheme. And it can’t seem to find him. In July, the Securities and Exchange Commission (SEC) accused Heart, whose actual name is Richard Schueler, with violating securities laws by selling and promoting a…
Pudgy Penguins is one of the rare NFT collections that has actually grown in value and notoriety during the prolonged bear market, and it recently launched toys targeted at mainstream audiences. The brand has now released an exclusive “influencer box” of toys and collectibles available only via Walmart.com today for Cyber Monday. The Pudgy Penguins White Celebrity Box, as described…
Bitcoin (BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago. What is eye catching is the unwavering strength of BTC derivatives, which signals that bulls remain steadfast with their intentions. An intriguing development is unfolding in China as Tether…
