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UK Investors Sue Binance and Former CEO Changpeng Zhao for $200M

1,700 UK investors have launched a group lawsuit in London’s High Court against Binance and founder Changpeng Zhao. The claimants say the pair sold risky crypto derivatives products to retail investors without authorization. UK Investors Demand $200M from Binance The plaintiffs allege that between around late 2019 and 2020, Binance offered products such as leveraged […]

What is OpenUSD (OUSD)? Visa, BlackRock, Coinbase, and 140+ Firms Fuel Buzz Around New Stablecoin

Open USD (OUSD) stablecoin has emerged as one of the crypto market’s biggest trending topics after the project drew attention with the announcement of a consortium-backed stablecoin initiative involving more than 140 companies. Developed by Open Standard, the stablecoin is expected to go live later this year. Open USD Frenzy According to the latest findings […]

Crypto Influencer Nick O’Neill Says He ‘Rugged’ Unsolicited Token Sent to Him

Crypto influencer Nick O’Neill said he deliberately sold off a community-created token after its developers sent him 60% of its supply. The incident has sparked criticism from some traders, while others argue the entrepreneur had no obligation to support an unofficial token created without his approval. O’Neill Defends Selling Unsolicited Token It all started when […]

New Federal Data Reveals Donald Trump Holds $50 Million in Bitcoin in Cold Wallet

A newly released federal financial disclosure has revealed that US President Donald Trump holds more than $50 million worth of Bitcoin in a cold wallet. According to a 927-page document released by the US Office of Government Ethics, the Bitcoin is held under CIC Digital LLC as a “Cryptocurrency Wallet Virtual Bitcoin Key (held in […]

Crypto Analyst Challenges Ripple’s CEO Take on Strategy: ‘Two Giants, Same Model’

As more opinions on Strategy’s latest bitcoin (BTC) moves surface within the crypto community, trader Merlijn has countered Ripple CEO Brad Garlinghouse’s stance on the matter. In a tweet addressing Garlinghouse’s remarks on Strategy’s recent BTC sale, Merlijn insisted that both Ripple and the business intelligence firm use the same funding models. In other words, […]

Crypto Apocalypse: 84% of Altcoins in a State of ‘Total Underperformance’

Altcoins are arguably the segment that has suffered the most throughout this bear market, said CryptoQuant analyst ‘Darkfost’ on Tuesday. 84% of altcoins are trading below their 200-day moving average and are in a “state of total underperformance,” he added. “Every attempt at a momentum recovery has failed outright,” he said, adding that the altcoin […]

Coinbase (COIN) Down 62% One Year After Jim Cramer’s PARC Basket

Nearly one year after CNBC’s “Mad Money” host Jim Cramer grouped Palantir (PLTR), Applovin (APP), Robinhood (HOOD), and Coinbase (COIN) into the “PARC” basket, three of the four stocks have either fallen or gone nowhere. At the time, many in the industry felt that cross-stitching the four into one word meant that Cramer was feeling […]