The crypto exchange Coinbase is being sued by a client in a class action lawsuit worth $5 million regarding the exchange’s recent Dogecoin sweepstake. The client claims to have been “deceived” into purchasing Doge on Coinbase’s platform by an advertising campaign aimed to encourage the trading of the digital currency.
Mining and trading crackdown in China plus high volatility are the biggest contributors behind the significant dive. Not the Finest Hour Last month was not the finest hour for cryptocurrency trading volume and there was a reportedly huge drop of as much as 40%. CryptoCompare, a price and volume tracking organization, is behind the recent […]
This digital asset group has announced its merger with Far Peak Acquisition Corp which is a blank cheque company led by Tom Farley, former president of the NYSE, with the plans of taking the newly-created crypto exchange public through a SPAC (special purpose acquisition company) deal. This deal values Bullish at an astounding $9 billion, which is largely comprised of the $692 million in cash held at Far Peak and investments from various investors, as well as assets and investments from Block.one, the blockchain software developer and parent company of Bullish Global.
The currency is not to meddle in private businesses and needs to work well together with its counterpart from other countries. Plans for the Future Countries everywhere are ramping up the discussion of their own central bank digital currency (CBDC) and Japan is the latest to go public with its plans for the future. Referred […]
Its increasing popularity makes ETH a serious contender to pass BTC and take over as the most valuable digital currency. Breathing Down Its Neck Is BTC at risk of losing its position as the world’s most valuable digital currency? Well, according to Goldman Sachs, it just might be. Being one of the top American investment […]
Fingers crossed, 24 million clients will soon be able to buy crypto via their banks. A Piece of the Action With the staggering amount of money involved in crypto exchanges, US financial institutions are getting a bit impatient. Understandably, they are getting tired of being left on the sidelines while large amounts of money from […]
The world’s biggest cryptocurrency exchange, Binance, has been issued a warning by the UK’s FCA (Financial Conduct Authority), indicating yet another sign of a growing global crackdown on cryptos. Binance Markets Limited, which is the UK division of Binance, “is not permitted to undertake any regulated activity in the UK” according to an announcement made by the FCA on Saturday the 26th of June.
As the government intensifies its focus on digital currency, celebrities were found among the list of people hit. Pay Your Taxes If you are looking to skip out on paying taxes, you may want to think again. Several wealthy South Koreans, including an undisclosed famous TV host and a doctor, found out the hard way […]
Results of the Financial Action Task Force (FATF) vote could have negative consequences on Malta’s financial services and banking sectors. Years of Criticism There have been rumors swirling around since last week, after it emerged that the UK, U.S. and Germany wanted Malta to be greylisted. So, after years of international criticism of Maltese policy […]
Bitcoin, the world’s most popular digital currency, is due for its first upgrade in over four years, and miners across the globe have given it the thumbs up. The new “Taproot” upgrade is due to take effect in November this year and will see the currency providing a new level of transactional privacy and efficiency, according to industry experts.
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