The Japan-based cryptocurrency exchange, JPEX, has recently announced that it will be pausing a key feature, adding to a string of developments that have raised concerns about its regulatory standing. The exchange has faced complaints from Hong Kong authorities, resulting in reduced liquidity, higher operating costs, and operational difficulties. This article explores the implications of
In a recent court filing reported by Bloomberg on September 16, it was revealed that NFL quarterback Trevor Lawrence, alongside influential YouTube personalities Kevin Paffrath and Tom Nash, has agreed to settle a lawsuit relating to their endorsement of the now-defunct FTX cryptocurrency exchange. The terms of the settlement, however, remain undisclosed. This development marks
In a shocking turn of events, JPEX cryptocurrency exchange has found itself at the center of a storm of complaints and investigations. As of Friday, at least 83 complaints have been lodged with the Hong Kong police, involving cryptocurrencies worth a staggering $4.3 million. This development comes after the Hong Kong Securities and Futures Commission
In a bold move to support the fight for justice, John Deaton, the attorney renowned for representing XRP token holders in their legal battle against the Securities and Exchange Commission (SEC), has formally filed a notice to serve as Amicus Curiae in the LBRY court case. This significant development comes as LBRY recently filed an
Since the Merge, Ethereum, the world’s second-largest cryptocurrency, has undergone significant transformations. The transition from proof-of-work (PoW) to proof-of-stake (PoS), along with the implementation of the London hard fork, has reshaped the Ethereum ecosystem. This article delves into the various changes witnessed and assesses the impact they have had on Ethereum’s overall value and market
With the increasing popularity and adoption of cryptocurrencies worldwide, crypto startup Ramp Network has made significant strides in Brazil by integrating Pix, a payment method offered by the Central Bank of Brazil. This integration is expected to revolutionize the onboarding process for both individuals and businesses in the country, leveraging the widespread use of Pix
The world of cryptocurrency has been an unpredictable landscape, marred by fluctuating volumes and regulatory challenges. Amidst this chaos, one exchange has managed to weather the storm better than others – Coinbase. Unlike its counterpart, Binance, which experienced a drastic drop in trading volume due to internal and regulatory issues, Coinbase has emerged relatively unscathed,
Senator Elizabeth Warren’s bipartisan cryptocurrency anti-money laundering bill has seen a surge in support from influential committee chairs and senators. This bill aims to address the rising use of illicit digital assets and enhance regulatory oversight in the emerging cryptocurrency industry. In a recent report by Politico, Senator Warren’s bill gained the backing of nine
Axie Infinity (AXS) has experienced a significant surge of +20%, outperforming other GameFi projects in the market. This surge comes amidst turmoil in GameFi markets caused by a legal dispute between the co-founders of Gala Games. The sudden increase in active wallet addresses and ecosystem growth has further fueled the pump in AXS. With Gala
Cryptocurrency adoption has been on the rise globally, and recent statistics reveal an interesting shift in the dynamics. According to Kaiko, a blockchain analytics firm, the Turkish Lira (TRY) has emerged as the most preferred currency on the largest cryptocurrency exchange, Binance. In fact, 75% of all fiat volume in Binance is dominated by the