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Binance Surpasses 150 Million Users Amidst Regulatory Challenges and Global Growth
Binance, the well-known crypto exchange, has achieved a huge milestone, reaching 150 million registered users. The founder and CEO, Changpeng Zhao, also known as CZ, shared this achievement on social media. This achievement becomes even more remarkable considering the challenges... -
Sino Global Slaps Defunct FTX With a $67.3 Million Lawsuit
The defunct centralized crypto exchange FTX appears to still be facing challenges. A former investment partner, Sino Global, has recently filed a $67.3 million lawsuit against it. Everything Didn't Go According to Plan Led by Matthew Graham, Sino Global had... -
Huobi’s TVL Drops Amid Reports of Executive Arrests Investigations and Insolvency Concerns
Amidst ongoing speculations about its financial stability and reports of Chinese authorities scrutinizing its executives, crypto platform Huobi encountered a withdrawal totaling around $64 million on August 5th and 6th. This resulted in a decline of 30% in its stablecoin... -
Amazon Stock Soared on Q2 Earnings Beat and Analysts See More Upside
Amazon stock (NYSE: AMZN) soared over 8% yesterday after markets gave a thumbs up to its Q2 2023 earnings and Q3 guidance. Here are the key takeaways from the report and Wall Street’s reaction. Amazon reported revenues of $134.4 billion... -
Senior U.S. District Judge Rejects SEC’s Approach in Ripple Ruling, Shows Consistency in SEC v. Terraform Labs Case
Jed S. Rakoff, a senior U.S. district judge, has expressed a contrasting viewpoint from another judge, Analisa Torres, regarding the SEC v. Ripple case involving the cryptocurrency XRP. Judge Rakoff disagreed with the approach used by Judge Torres, which treated... -
Coinbase’s Layer 2 Blockchain Set for Public Rollout Next Week
U.S.-based exchange Coinbase has announced that its most anticipated Base, a versatile Layer-2 blockchain, will debut on August 9th, 2023. Blockchain experts believe the new layer-2 chain will enable users to bridge their ether (ETH) to Base and mark a... -
MicroStrategy to Retain Bitcoin Appeal Despite Bitcoin ETF Approval
Michael Saylor, the CEO of MicroStrategy Inc., has asserted that regardless of potential future exchange-traded fund approvals, investors are likely to persist in perceiving his software company as a Bitcoin proxy. Saylor's Confidence Remains High As the crypto world continues... -
Kenya Terminates Worldcoin Local Operations Amid Concerns Over Data Breach
The Kenyan government has taken a significant step by halting all activities associated with the cryptocurrency project, Worldcoin, within its borders. This makes Kenya the first country to enforce such a measure. This decision was prompted by concerns about potential... -
Crypto Twitter Connects Sam Bankman-Fried to the BALD Liquidity Rug Pull
A new conspiracy is making rounds on crypto Twitter, suggesting that Sam Bankman-Fried, the disgraced founder of FTX, is covertly controlling a new meme coin called BALD on Base. Blockchain enthusiasts closely monitoring the situation suspect that Bankman-Fried might have... -
Ford Stock Continues to Fall After Q2 2023 Earnings Release
Ford (NYSE: F) stock fell sharply after its Q2 2023 earnings last week. The stock continues to trade on a negative note amid apprehensions over its electric vehicle (EV) business. To be sure, Ford posted better-than-expected numbers in the second...
