Recently, the US Commodity Futures Trading Commission (CFTC) launched an investigation into Jump Crypto, a major player in the crypto industry. The reasons for this probe have not been disclosed, leaving many to speculate about the firm’s trading and investment activities in the crypto sector. Although the scrutiny does not suggest any misconduct on Jump
Binance, the leading cryptocurrency exchange in the world, has recently been facing regulatory challenges in various countries, including India. The Financial Intelligence Unit (FIU) of India imposed a hefty fine of 188.2 million Indian Rupees on Binance for non-compliance with Anti-Money Laundering (AML) regulations. This fine amounts to approximately $2.2 million and was a result
The recent revelation by CertiK, a blockchain security firm, regarding a critical vulnerability within the deposit system of the popular crypto exchange Kraken has sent shockwaves through the cryptocurrency community. CertiK’s investigation began on June 5 when researchers discovered an issue in Kraken’s deposit system. This flaw failed to properly differentiate between internal transfer statuses,
A recent development in the legal battle of Binance executives in Nigeria saw a federal high court dismissing a human rights lawsuit filed by Nadeem Anjarwalla. The lawsuit, directed against the country’s National Security Adviser and the Economic and Financial Crimes Commission, was dismissed by Justice Inyang Ekwo on June 19. The primary reason cited
Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, provided his insights on the current state of Bitcoin and the broader cryptocurrency ecosystem. According to Kling, Bitcoin is approximately 10% off its all-time highs, with a timeline that seems to be on the verge of cannibalism. Despite the NASDAQ surging 16% since April