Bitcoin whale buys 1K BTC as 'insane' Binance selling sees sub-$58K low

A return to the $73,000 price range for BTC will likely be met with short-term holder resistance but could also mark a turning point for the asset.

The Supreme Court of Nova Scotia has ordered Canadian law firms Miller Thomson and Cox & Palmer to represent customers of cryptocurrency exchange QuadrigaCX in upcoming proceedings. The ruling was announced in a court filing published on Feb. 19.On Tuesday, Justice Michael Wood rendered a decision that Miller Thomson and Cox & Palmer will act…

Decentralized Web 3 cross-chain router allegedly under control of one-man Imagine a system where all your money is controlled by one man and his family and when there is cause for concern, the propaganda machine immediately goes ‘brrr’ to put on a facade that everything is just fine despite some alarming withdrawls. Sounds more like…

Thanks to vigilant crypto enthusiasts, the alleged scammers were stopped dead in their tracks. 238 Total views 4 Total shares Late Wednesday, internet detective and Youtuber Coffeezilla published a new video documenting how himself, along with members of the blockchain community, took down an alleged $20 million nonfungible tokens, or NFT, scam before it could…

New research from Glassnode indicates the top 1% of Chainlink holders control nearly 81% of the token’s supply. 1006 Total views 12 Total shares According to crypto market data aggregator Glassnode, Chainlink’s (LINK) token distribution is at record levels of centralization — with more than 80% of LINK not held on exchanges currently residing in…

Nonbank fintechs may be left unable to contribute to the United States government’s relief plan for small businesses hit by the COVID-19 crisis.On April 3, the U.S. Small Business Administration (SBA) launched a Paycheck Protection Program (PPP) as part of the federal government’s $2 trillion coronavirus relief package. The PPP aims to support small businesses…

Former Binance CEO Changpeng "CZ" Zhao has been ordered to pay $150 million while Binance will pay $2.7 billion to conclude the CFTC enforcement action. 245 Total views 1 Total shares A United States court has entered an order against crypto exchange Binance and its former CEO Changpeng "CZ” Zhao, which will see Binance pay

The UN organization is urging countries with emerging economies to implement regulation to head off the potentially destabilizing influence of cryptocurrency. 43 Total views 1 Total shares The United Nations Conference on Trade and Development (UNCTAD) released a policy brief Wednesday on cryptocurrency. It is the third brief in a row the agency has dedicated…

US Securities and Exchange Commission member Hester Peirce, currently leading the agency’s crypto task force, offered a preview of what the industry could expect now that Paul Atkins has been sworn in as the regulatory body’s chairman. Speaking to Cointelegraph before the US Senate confirmed Atkins’ nomination and he took his position as SEC chair