The US Securities and Exchange Commission (SEC) has decided to pause its lawsuit against Binance for 60 days. Both Binance and the SEC jointly requested a federal judge to stay the lawsuit. Both parties cited the “potential impact of a newly launched task force.” According to a 11 February 2025 Reuters report, the move to … Read more
Cryptocurrency was supposed to change how we handle money. ‘You’ll get fast transfers & low fees; you’ll be able to send money anywhere in the world without a traditional bank.’ These are the promises we heard on a regular basis when crypto was first conceived. But the reality? Using crypto for everyday transactions is way … Read more
Bloomberg’s ETF analysts James Seyffart and Eric Balchunas have published their odds on the likelihood of approval for several crypto ETFs. According to Seyffart and Balchunas, Litecoin ETFs have the highest likelihood (90%) of being approved in 2025, while XRP ETFs have the lowest likelihood (65%) among the analyzed ETF applications. Here’s a quick breakdown: … Read more
Eric Council pleaded guilty to aggravated identity theft and access device fraud charges, acknowledging his involvement in the attack that caused a surge in bitcoin prices due to a fake SEC announcement of a bitcoin ETF approval. Man Pleads Guilty to ID Theft and Sim Swapping to Fake SEC Bitcoin ETF Approval Eric Council Jr., … Read more
Google, OpenAI, Roblox, and Discord are banding up to do some collective good for society as they recently formed a new non-profit organization aimed at improving child safety online. The initiative is known as the Robust Open Online Safety Tools (ROOST) and will work to ensure core safety technologies are more accessible for companies while … Read more
Super Micro Computer (NASDAQ: SMCI) had a rough time in 2024. The business was one of the last targets of the now-defunct activist short-selling group Hindenburg Research, which alleged that the company was engaging in accounting fraud. After the release of Hindenburg’s report on August 27, Super Micro stock plummeted — the company delayed the … Read more
Changpeng Zhao thinks Binance’s crypto asset listing process is “a bit broken.” Zhao, who co-founded the exchange, recently took to the social media platform X to discuss Test (TST), a test token launched by the BNB Chain team for a tutorial video on how to create memecoins using its Four.meme launchpad platform. Binance recently listed TST, sparking … Read more
OpenSea CEO Devin Finzer said the community found a “test website” and that the information it contained was not actual terms and conditions.
USD/JPY trades sideways around 152.00 as Fed Powell’s testimony takes center stage. Fed Powell is unlikely to provide cues about the timeline from when the central bank could resume the policy expansion cycle. Yen’s rally appears to have stalled, which was based on BoJ’s hawkish bets. The USD/JPY pair inches higher to near 152.00 in … Read more
Bitcoin ETFs saw $186 million in outflows on February 10, while ether ETFs recorded $22 million in withdrawals after a strong run of inflows. Bitcoin and Ether ETFs Experience Notable Outflows The start of the week brought a shift in sentiment for crypto exchange-traded funds (ETFs). On Monday, Feb. 10, bitcoin ETFs recorded a net … Read more