Category Archives: News

SEC Triumphs in Groundbreaking Crypto Court Case Against Terraform Labs In a landmark legal decision, US District Judge, Jed Rakoff, ruled in favor of the Securities and Exchange Commission (SEC) in a multi-billion dollar crypto fraud lawsuit against Terraform Labs, and its founder, Do Kwon. Rakoff found that the stipulations of the Howey test wereContinue reading “Landmark Ruling: Judge Supports SEC in Terraform Labs’ Significant Cryptocurrency Case”

Innovation in Hong Kong Stablecoin Regulation The realms of cryptocurrency and financial regulation in Hong Kong have been buzzing lately, with the latest news being the proposal for the supervision of stablecoin institutions. The Hong Kong Monetary Authority teamed up with the Financial Services and the Treasury Bureau, unveiling a consultation document that seeks viewpointsContinue reading “Hong Kong Authorities Present Public Survey on Stablecoin Regulation Rules”

India’s Struggle to De-Dollarize its Oil Trade: A Review In recent developments, India’s ambition to de-dollarize its oil trade and shift to payments in its native currency, the rupee, seems to have hit a stumbling block. The refusal by oil suppliers to accept payment in rupees with concerns about repatriating their funds has been aContinue reading “India’s Pursuit of De-Dollarization Stumbles as Oil Suppliers Express Rupee Repatriation Worries”

Analyzing Ethereum’s Market Status As of December 27, 2023, Ethereum’s market trends had expressed an intriguing collection of cues for both buyers and sellers. This well-liked cryptocurrency, second in command in the market capitalization, oscillated within a price window ranging from $2,189 to $2,290. Holding a market capitalization of $273 billion and an impressive tradingContinue reading “Ethereum Technical Overview: Ether Bulls Seize Control, Surge Towards Resistance”

An Overview of Bitcoin Market Dynamics Bitcoin has somewhat stabilized since its colossal rally, with its current price fluctuating between standpoints of $42,750 and $42,964 and a 24-hour range drifting between $41,820 & $43,192. Regardless of the variability, the cryptocurrency kingpin conserves its impressive market capitalization of $841 billion, with a 24-hour trading volume ofContinue reading “Uncovering Bitcoin Market Trends: A Deep Dive into BTC’s Push and Pull Forces”

Central Bank Digital Currencies Expected to Become Operational by 41% of Central Banks by 2028 In a recent study carried out by the Official Monetary and Financial Institutions Forum (OMFIF), it was revealed that approximately 41% of central banks anticipate they will have a working central bank digital currency (CBDC) by 2028. Surprisingly, about 30%Continue reading “Study Reveals: 41% of Central Banks Plan to Run Operational CBDCs by 2028”

Drainage of Cryptocurrency Wallets: Unveiling the Cyber Heist of Over $58 Million Recent findings brought to light by Scam Sniffer, a tool battling fraud, showcases a shocking sum of over $58 million being drained from cryptocurrency wallets through a malware dubbed as MS Wallet Drainer. Generated through Google search and X ads phishing links, theseContinue reading “Google and X Phishing Ads Exploited by MS Wallet Drainer, Amassing Over $58 Million”

Meme Coin PEPE Sinks to Rank Five in the Dog-Dominated Token Market The digital currency market, known for its volatility and unpredictability, has seen meme coin PEPE lose its traction. The meme coin, tied to the popular Pepe the Frog character, once claimed the third spot in terms of market capitalization has now descended toContinue reading “Frog-Inspired Meme Crypto, PEPE, Slips to Fifth Amid Dog-Themed Rivalry”

The Unforgettable Bitcoin Boom in December 2023: A Dive into Crypto’s Holiday Excitement In this digital era, the most awaited ‘Santa Claus rally’ took place in the world of cryptocurrency. This rally, which crypto enthusiasts eagerly await each year, sparkled the Bitcoin market in December with a refreshing 15.93% surge against the U.S dollar. ThisContinue reading “Bitcoin’s Enthusiastic December 2023 Surge: Unveiling the Holiday Crypto Craze”