US Court Fines EmpiresX Founders $130M in Cryptocurrency Fraud Case
Brazilian Founders Penalised for Defrauding Investors A US federal court has imposed fines exceeding $130 million on the Brazilian founders of EmpiresX, an illegal cryptocurrency investment platform, for orchestrating a fraudulent scheme that misled investors. The Commodity Futures Trading Commission (CFTC) announced the penalties, which include financial restitution and a
Bitcoin Production Declines as Miners Battle Rising Hashrate
Miners Face Growing Challenges Amid Rising Network Difficulty Bitcoin miners reported a decline in monthly production in January as network difficulty continued to rise, making it harder to confirm transactions and mine new blocks. While major miners such as Hut 8, Marathon Digital (Mara), and Bitfarms experienced a drop in
The CTO of Ripple Offers Perspective on the Recent Failure of the XRP Ledger
The XRP Ledger (XRPL) recently experienced a significant technical disruption, temporarily halting block production for about an hour. This unexpected outage raised concerns within the XRP community and allowed critics to question the network’s reliability. Unraveling the Cause of the Outage Ripple’s Chief Technology Officer, David Schwartz, commented on the situation, explaining that
Bybit Fined $1 Million by India’s Financial Regulator Over Compliance Violations
Crypto Exchange Penalised for Operating Without Registration Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been fined $1.06 million (₹9.27 crore) by India’s Financial Intelligence Unit (FIU) for failing to register under the Prevention of Money Laundering Act (PMLA). The penalty follows previous compliance issues that led to
Can Tariff Changes Increase Trust in the Crypto Market?
A recent decision by President Donald Trump to suspend import tariffs on Canada and Mexico for a month has sent positive ripples through the cryptocurrency sector. The announcement triggered a swift recovery in digital currency values, with major players such as Bitcoin, Ethereum, and Ripple all showing notable gains. This surge has been
Crypto Market Liquidations Could Hit $10 Billion as Trump Tariffs Shake Market
Bybit CEO Warns of Massive Liquidations The cryptocurrency market has faced a severe downturn, with liquidations potentially reaching $10 billion, according to Bybit CEO Ben Zhou. This comes amid wider economic concerns following US President Donald Trump’s decision to impose import tariffs on China, Canada, and Mexico. Data from CoinGlass
Bitcoin’s February Momentum Tied to US Labour Market Data
Bitcoin’s price trajectory for February is set to be influenced by a crucial US labour market report, with analysts closely watching its potential impact on investor sentiment and Federal Reserve policy expectations. Labour Market Data to Shape Bitcoin’s Performance The US Bureau of Labour Statistics is scheduled to release its
Elon Musk’s Father Eyes $200M Fundraising with ‘Musk It’ Memecoin
Errol Musk Launches Crypto Token Amid Memecoin Craze Errol Musk, the father of billionaire entrepreneur Elon Musk, is reportedly entering the cryptocurrency space with his own memecoin project, ‘Musk It’ (MUSKIT). He aims to raise up to $200 million through the initiative to support a for-profit think tank, the Musk
Bitcoin Retail Investors Offload $625M to Binance While Whales Hold Steady
Small-Scale Holders Take Profits as Major Investors Stay Put Retail Bitcoin investors have offloaded around 6,000 BTC to Binance this month, worth approximately $625 million at current prices. However, large-scale holders, or “whales,” have remained largely inactive, hinting at a divergence in market sentiment. Retail Investors Rush to Sell According
Trump Media Launches Truth.Fi, Expanding into Crypto and ETFs
New fintech platform marks latest move into digital assets Trump Media and Technology Group (DJT), the company behind the social media platform Truth Social, has announced the launch of Truth.Fi, a new financial services platform focusing on cryptocurrencies and exchange-traded funds (ETFs). The company’s board has approved an investment of
