Recently, the crypto exchange HKVAEX, which is linked to Binance, decided to withdraw its virtual asset trading platform license application from the Hong Kong Securities and Futures Commission (SFC) post-deadline. This decision has raised eyebrows in the industry, especially considering the implications it may have on the company’s future operations and the broader crypto market
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Bitcoin (BTC) has recently shown signs of a potential surge after forming a bullish technical pattern known as a bull flag. Analyst Ali Martinez has identified this pattern on Bitcoin’s 4-hour chart, indicating a consolidation phase following a significant price increase. The decreasing trading volume during this period suggests a temporary pause rather than a
The TRM Labs data has revealed a significant decrease in illicit crypto volumes in 2023, dropping by a third from $49.5 billion to $34.8 billion. Despite this overall decline, the TRON blockchain hosted a staggering 45% of all crypto frauds in 2023, up from 41% in the previous year. This raises concerns about the security
Ethereum price has been able to maintain its gains above the $3,500 mark, demonstrating resilience in the face of market fluctuations. The current price of ETH is a key indicator of its potential bullish momentum in the short term. Upon careful examination of the hourly chart of ETH/USD, it can be observed that Ethereum has
The US and UK governments have teamed up to investigate crypto transactions totaling over $20 billion that may have breached Russian sanctions. The transactions are suspected to have been channeled through Garantex, a Russia-based crypto exchange, with the aim of circumventing international sanctions and potentially supporting military activities in Ukraine. Despite comprehensive sanctions against Russia
The meme coin markets on Solana have been experiencing a significant surge, with the latest token, Christ is King, seeing an astonishing increase of over 770,000% in just 24 hours. This growth has been fueled by a sudden viral success on the platform, leading to a frenzy of trading activity. Despite experiencing a retracement after
The recent ruling by Judge Lewis A. Kaplan sentencing FTX founder Sam Bankman-Fried to 25 years in prison has sent shockwaves through the financial world, with U.S. Attorney Damian Williams stating that it will send “an important message” to potential fraudsters. This harsh sentence, accompanied by an order for Bankman-Fried to forfeit over $11 billion,
The emergence of 5SCAPE, a virtual and augmented reality (VR and AR) cryptocurrency gaming ecosystem, has sent ripples across the blockchain and gaming communities. With the ongoing presale raising an impressive $2.8 million, it is clear that 5thScape is positioning itself as a frontrunner in the realm of immersive experiences. The platform offers exclusive access
In the first quarter of 2024, the Web3 space faced significant challenges with $336 million lost to hackers and fraudsters. While this number represents a 23% decrease compared to the previous year, it is still a cause for concern. A report by Immunefi highlighted the vulnerability of Web3 protocols, with almost half of the capital
Tigran Gambaryan, an American citizen working for Binance, has taken legal action against Nigerian authorities, including the National Security Adviser (NSA) Nuhu Ribadu and the Economics and Financial Crime Commission (EFCC). This action comes in response to allegations of human rights violations following his detention on Feb. 26 alongside his colleague Nadeem Anjarwalla. As the