The cryptocurrency exchange hasn’t yet explained why the platform suddenly went down The Coinbase cryptocurrency exchange suffered a major outage on May 14. No reason has been given for the system-wide shutdown that lasted over three hours, and many users are still unable to transfer funds on the exchange. Coinbase said it’s continuing its investigation into the incident. Coinbase announced
Binance will be closely monitored to ensure it complies with financial regulations The Department of Justice (DOJ) has mandated that Binance, the world’s largest cryptocurrency exchange, remain under regulatory review by the Forensic Risk Alliance (FRA) for a period of three years. This directive follows a series of investigations that revealed Binance’s involvement in anti-money
BlockFi will completely shut down, but users could be able to make claims through Coinbase BlockFi recently announced a new partnership with Coinbase to allow customers to make withdrawals from their accounts. The bankrupt crypto lender is in the process of shutting down its online platform, which will be completed in May. BlockFi was forced to file for bankruptcy
The Blockchain Integrity Act would prevent all crypto mixers for two years Cryptocurrency mixers, services that anonymize crypto transactions by pooling funds and then distributing them to different addresses, could soon be a thing of the past in the US. A recently introduced bill, the Blockchain Integrity Act, proposes a two-year ban on these services,
The long-running legal dispute is entering its final lap Ripple Labs and the US Securities and Exchange Commission (SEC) recently moved forward in their ongoing legal dispute. The SEC has recently filed its final reply in the remedy stage, marking a critical milestone in the case’s progression. The lawsuit centers on the SEC’s allegations that
The exchange gives UK users a new look at the cryptocurrency markets Global neobank and Fintech firm Revolut recently entered the cryptocurrency space after introducing their new crypto trading platform to retail consumers in the UK. The company announced the launch of its Revolut X platform in a press release on May 7. This platform
March and April have witnessed staggering amounts of investments in the crypto space For the second straight month this year, crypto venture capital funding has exceeded $1 billion. This achievement is the first time it’s happened in consecutive months since October and November 2022. There were 161 investment rounds in April, with a total funding of $1.02
The cryptocurrency exchange reports it earned as much in Q1 as it did for all of 2023 Coinbase is reporting a significant resurgence in the first quarter of 2024. An upswing in market activity and the highly-anticipated launch of Bitcoin exchange-traded funds (ETFs) largely fueled the crypto exchange’s recent performance. In the first quarter, Coinbase
Idin Dalpour used false promises of huge returns on crypto trading to fill his pockets A New York man is facing federal charges after being arrested for allegedly being the mastermind behind an elaborate Ponzi scheme that robbed $43 million from investors. The scam focused on cryptocurrencies and Las Vegas, and the fraudster is now
Over 1.6 million Bitcoin purchased were registered as crypto adoption increases Bitcoin’s (BTC) journey as a decentralized digital currency has been revolutionary, and its latest achievement is a testament to its growing acceptance and utility in the global economy. On April 23, the Bitcoin network set a new record by processing 1.6 million confirmed payments within a single day.
The miner was the only one to validate the block, leading to the reward Against all odds, a lone Bitcoin miner has successfully solved a Bitcoin block, earning the entire block reward of 3.125 Bitcoin. At today’s price, that’s around $196,000. Congratulations to miner 365ughTgK9Q7rXXTM7vubqy1awZ2AZJijP for solving the 282nd solo block solved at https://t.co/UWgBvLkDqc with a
The company allegedly provided false information about the scope of its operations In a lawsuit filed by the US Securities and Exchange Commission (SEC), Geosyn Mining and its co-founders have been accused of defrauding investors by falsely claiming the number of crypto mining rigs in their possession while misappropriating customer funds for personal use, resulting
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