Around 5,000 Coinbase users have recently signed up as potential amicus curiae in the ongoing legal dispute between Coinbase and the U.S. Securities and Exchange Commission (SEC). This article critically examines the significance of this development and its potential impact on the case. An amicus curiae, which translates from Latin to “friend of the court,”
The cryptocurrency industry in East Asia has been hit with yet another scandal, this time involving Changjiang Currency Exchange, a prominent money transmitter business based in Australia. In a shocking turn of events, the exchange has been implicated in a staggering money laundering case worth 230 million Australian dollars ($145 million). On October 26, a
Binance USD (BUSD), the stablecoin issued by Paxos for crypto exchange Binance, has experienced a dramatic decline in market capitalization. CoinGecko data shows that BUSD’s market cap has plummeted from its peak of $23.5 billion in November 2022 to a mere $2.1 billion currently. This puts BUSD significantly behind other stablecoins like USDT and USDC,
The world of investing is undergoing a significant transformation, fueled by the advancements in machine learning technologies. This shift is particularly noticeable in volatile markets, such as the cryptocurrency sector, where high risk often comes with high potential rewards. Traditional financial strategies are being reshaped as machine learning algorithms empower market participants with predictive analysis
U.S. lawmakers are increasing their pressure on the Justice Department to launch an investigation into Binance and Tether. Senators and Representatives are urging Attorney General Merrick Garland to take decisive action if the firms are found to be complicit in facilitating illicit financing, including support for terrorist groups such as Hamas. This latest move comes
Introduction After experiencing a brief correction from its new yearly high of $35,300, Bitcoin (BTC) is showing signs of renewed bullish momentum. As the digital asset approaches the $35,000 mark again, a key indicator is following patterns observed in 2020, suggesting a potential surge that could propel Bitcoin to reclaim its previous peak of $65,000.
Polygon Labs, the creator of the Polygon network, has recently launched the POL smart contract token on the Ethereum mainnet. This highly anticipated token upgrade aims to serve as a replacement for the MATIC token within the Polygon ecosystem. With the introduction of the POL token, Polygon 2.0 is one step closer to realizing its
The MATIC price has been a major source of disappointment for investors throughout this year, experiencing a significant drop from $1.5 to $0.5. This extended bear trend has understandably dampened investor morale, but amidst the gloom, one analyst sees a potential redemption in the future of the altcoin. Crypto analyst FieryTrading recently shared their analysis
The Financial Conduct Authority (FCA) in the U.K. has recently raised concerns over widespread non-compliance among cryptocurrency firms with its new promotion requirements. These requirements, which were implemented on October 8, aim to protect investors by urging companies to warn users about the potential risks associated with investing in certain crypto products. However, the FCA
In today’s rapidly changing and highly competitive business environment, staying ahead is more challenging than ever before. The need for timely, data-driven decisions has become imperative, and predictive analytics is emerging as an essential tool to meet this demand. By utilizing machine learning and statistical algorithms to forecast future events based on past data, predictive
