Christopher Harborne and AML Global: Latest Updates on Lawsuit and Banking Controversy | Feb. 2024

Christopher Harborne and AML Global: Latest Updates on Lawsuit and Banking Controversy | Feb. 2024

An article published in February 2024 originally included paragraphs on Harborne and AML Global’s attempt to open an account at Signature Bank. However, a week before a lawsuit was filed, an editor’s note was added to remove the section. The note clarified that AML’s application was not part of any effort to mislead banks by … Read more

Breaking News: Shiba Inu (SHIB) Surges Above Key Resistance Level With Burn Rate Contributing to Rise | NewsBTC

Breaking News: Shiba Inu (SHIB) Surges Above Key Resistance Level With Burn Rate Contributing to Rise | NewsBTC

Shiba Inu (SHIB) has surged above $0.00001 due to factors like an increased burn rate, a petition for a Shiba Inu ETF, and rising interest from investors. The burn rate has spiked significantly, leading to a bullish sentiment in the ecosystem. The possibility of an ETF launch has also boosted SHIB’s momentum, similar to how … Read more

Coinbase CEO Confirms No Access Block in Nigeria, Platform Operating Normally – Latest Update

Coinbase CEO Confirms No Access Block in Nigeria, Platform Operating Normally – Latest Update

Coinbase CEO Brian Armstrong has denied reports of his cryptocurrency exchange being blocked in Nigeria, stating that their products are fully operational without interruptions. Armstrong confirmed that they have not received any outreach from Nigerian officials. On the other hand, Binance has admitted to facing some issues with users in Nigeria. This article originally appeared … Read more

The LockBit Ransomware Variant: How It Operates in the Ransomware-as-a-Service Model – DOJ Press Release

The LockBit Ransomware Variant: How It Operates in the Ransomware-as-a-Service Model – DOJ Press Release

The LockBit ransomware operates in the ‘ransomware-as-a-service’ model, where developers design the ransomware, recruit affiliates to deploy it, and maintain a control panel to provide tools for deployment. This information was released by the Department of Justice. This article originally appeared on www.coindesk.com The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has taken a … Read more

European Regulatory Complexities Lead to Forced XRP ETP Sale by Jupiter Asset Management

European Regulatory Complexities Lead to Forced XRP ETP Sale by Jupiter Asset Management

Jupiter Asset Management was forced to divest its XRP Exchange Traded Product (ETP) investment of $2.5 million due to regulatory discrepancies in the European Union regarding cryptocurrency investments. Ireland’s firm stance against incorporating crypto assets into funds mandated the reversal of this investment. This incident highlights the need for a harmonized regulatory approach within the … Read more

9 Bitcoin ETFs Amass 6,009 BTC Valued at $288 Million, Overshadowing Grayscale’s Sell-Off – Latest Update

9 Bitcoin ETFs Amass 6,009 BTC Valued at 8 Million, Overshadowing Grayscale’s Sell-Off – Latest Update

Nine new ETFs launched in February 2024 have collected 6,009.49 bitcoins, worth about $288 million. At the same time, Grayscale’s Bitcoin Trust has sold approximately 2,252.2 bitcoins, totaling around $108 million. This shift indicates a growing interest in bitcoin ETFs and a potential decline in interest in Grayscale’s product. This article originally appeared on news.bitcoin.com … Read more

Flood Protocol Secures $5.2M Seed Funding Round Led by Bain Capital Crypto and Archetype

Flood Protocol Secures .2M Seed Funding Round Led by Bain Capital Crypto and Archetype

Flood, a protocol for order routing, management, and settlement, secured $5.2M in seed funding from Bain Capital Crypto, Archetype, and Robot Ventures. The team stated that Flood offers dApp developers tools to manage their application’s order flow, and is the only DEX with operational hooks on the market. This feature allows traders to settle transactions … Read more

Kaspa (KAS) Blockchain: Decentralized, Scalable, and Unique | Founder, Team, and Features Revealed

Kaspa (KAS) Blockchain: Decentralized, Scalable, and Unique | Founder, Team, and Features Revealed

The Kaspa (KAS) blockchain is a decentralized, open-source, and scalable Layer-1 solution referred to as “Bitcoin 2.0.” Founder Yonatan Sompolinsky developed the unique GHOSTDAG protocol, aiming to solve the blockchain trilemma. Kaspa is similar to Bitcoin in structure and functionalities, both employing proof of work, but the GHOSTDAG protocol allows it to coexist and order … Read more

The Risks of Blockchain and Decentralization: Users Transferring Large Amounts of DESK to “Collector” Wallets

The Risks of Blockchain and Decentralization: Users Transferring Large Amounts of DESK to “Collector” Wallets

Users started transferring large amounts of DESK to collector wallets, despite the terms of service prohibiting its trading. A secondary market emerged, assigning value to DESK, which was not intended. This lack of control was a risk of blockchain and decentralization. Ultimately, it was determined that the product was not serving the community effectively, leading … Read more

Future Potential of XRP: Regulatory Prerequisites for Spot XRP ETF and Price Targets

Future Potential of XRP: Regulatory Prerequisites for Spot XRP ETF and Price Targets

There is speculation in the market that XRP may receive approval for an exchange-traded fund (ETF) similar to Bitcoin’s recent approval, but regulatory hurdles and the ongoing SEC case against Ripple make an XRP ETF unlikely in the near future. A job advertisement by Ripple for a Senior Manager in business Development suggests potential involvement … Read more