Introduction The dark web is something that has become a popular idea on account of social media and media portrayal in recent years. Many people are fascinated by this idea and they are intrigued about any content and participation option that is available to them. Cryptocurrency trading is done wholly on digital platforms and therefore…
Binance Leaving No Stone Unturned Binance seems to be doing whatever it takes to avoid the eventual fate of its archrival crypto firm, FTX, which no longer exists now. In its latest efforts, Binance has become a member of the Association of Certified Sanctions Specialists (ACSS). ACSS is a special-purpose association established for improving the…
SEC Initiates Enforcement Action against Fraudulent Crypto Investment Scheme In 2018, a crypto scheme called “Coindeal” surfaced which was originally launched by a person named Neil Chandran. Amongst the promoters of the scheme were notable individuals Linda Knott, Garry Davidson, and Michael Glaspie. The scheme was found to be nothing but a fraud i.e. another…
Introduction It gets a bit strange to contemplate the true meaning of various financial terms, especially when they are referring to different aspects of differentiated market systems. For example, the definition of GDP or gross domestic product for a certain product is the same in every financial plane. But the effect it has on understanding…
Federal prosecutors have been investigating the largest crypto exchange in the world, Binance, for about four years now. However, the exchange’s close proximity to the now-defunct crypto exchange FTX, has prompted them to ask for new information in the said investigation. The investigation In the last couple of months, financial firms have been contacted by…
Last week, federal authorities arrested the founder of Mutant Ape Planet, Aurelien Michel. The NFT collection founder was accused of operating a scam scheme known as ‘NFT rug pull’. However, it appears that may have been just one of the numerous scams that Michel may have pulled off. Allegations On Friday, ZachXBT, a prominent blockchain…
Introduction There are many ways to generate income by investing. When investors are beginning in the market, they are limited to directly purchasing the asset in question and creating short or long positions. However, it is also possible to generate income from the asset without directly investing in them. These types of investment alternatives are…
Ukrainian Crypto Industry’s Rapid Growth Prior to Russia waging war against Ukraine, the latter was amongst the top countries where the crypto industry was expanding very rapidly. Despite the ongoing war, and despite various Ukrainian lands occupied by Russia, the crypto industry’s growth in the country hasn’t declined or reduced. In fact, Ukraine started to…
El Salvador’s Bitcoin One cannot remove Bitcoin enthusiasm from Nayyib Bukele, President of the world’s first country to adopt Bitcoin as a local currency i.e. El Salvador. Under the direct supervision of the El Salvadoran President, Bitcoin was legally recognized as a national currency through a legislature. The initiative was taken in 2021 and since…
In recent trading sessions, both Bitcoin and Ethereum have demonstrated somewhat similar trends. This is because just like Bitcoin, the price of Ethereum has recorded a consolidation. ETH Price has consolidated The data shows that in the recent trading sessions, the trading price of ETH has consolidated. The price of ETH had been surging higher…
One of the local newspaper agencies in Iran has recently published an update about the cryptocurrency mining industry. According to the report published by the agency, the cryptocurrency mining firms in Iran will be getting their mining equipment back. OCSSOP Ordered to Returned the Mining Equipment The latest reports suggest that the cryptocurrency mining firms…
Introduction There are dozens of blockchains and cryptocurrencies to choose from in the crypto market. Therefore, investors may get overwhelmed when it comes to creating a suitable and well-balanced crypto portfolio. It is best to take a look at some of the most popular cryptocurrencies and break them down into their smallest components to understand…
Vader, the application that is responsible for the issuance and distribution of the Vader Protocol US Dollar (USDV) has made a major announcement. The application operator has announced that they have no choice but to shut down the operation for the Vader Protocol US Dollar. Vader to Shut down USDV The developers of the Vader…
Introduction Market sentiments are the most essential factor in the cryptocurrency field, and so it’s critical for crypto traders to be well aware of these and how they work. Usually, greed encourages bullish behaviors, and fear drives pessimistic trends in the financial markets. The human mind is inherently irrational, as shown by the fact that…
Things seem to be getting worse for the so-called ‘Ethereum Killer’, as data from CoinGecko showed that Solana lost another 17% within a 24-hour duration, extending previous declines. Due to these continuous declines, the coin of the layer-1 blockchain platform has dropped out of the top 20 crypto in the market according to their market…
Court documents show that the federal court in the Southern District of New York will arraign Sam Bankman-Fried on January, 3rd, 2023. Reports indicate that the disgraced crypto entrepreneur is planning on entering a plea in front of US Judge Lewis Kaplan in his fraud case in Manhattan. A no-nonsense judge Judge Ronnie Abrams had…
Just a few days back, Defrost Finance, one of the prominent trading platforms in the decentralized finance industry, faced a major exploit. As a result of the exploit, the company ended up losing $12 million, which was a huge loss for the company. The exploit took place a few days prior to Christmas. It has…
Global Crypto Economy Shrinkage Up To $1.5 Trillion About a year ago now, the crypto economy could easily be evaluated at a whooping value of $2.334 Trillion. However, from 20th December 2021 till 20th December 2022, the economy lost roughly $1.5 Trillion. Today, the global crypto economy is resting at a value which is less…
Introduction The use of cryptocurrencies might be puzzling at times. The vast array of various cryptocurrencies available on the internet contributes in some way to the overall sense of bewilderment among investors, particularly younger ones. One contributor to this perplexion is the names themselves, which often confuses new traders. If we compare Ethereum to Ethereum…
Last week crypto market slid and resultantly Bitcoin lost entire gains and above all its value declined. It is expected that the price may decline further because there is a negative impact stemming from the global outlook. Global Market Conditions Worsening Bitcoin’s value decline came when central bank officials made statements of continuing strict economic…
