Month: January 2024

Crypto Research Firm Says ‘Sell All Your Cardano (ADA)’

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K33 Research, a prominent entity in the cryptocurrency research sector, has released a scathing report on Cardano (ADA), sparking widespread discussion in the crypto community. The report bluntly advises investors to divest from Cardano, citing a lack of meaningful use for its native token, ADA. Sell All ADA Now? In a detailed examination, K33 Research asserts that the Cardano network suffers from a significant lack of practical application, which is essential for the inherent value of its native token. The report states, “A smart contract network needs meaningful use for…

Ethereum Classic Maintains 32% Steady Rise

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The recent approval of the first Bitcoin spot exchange-traded fund (ETF) in the United States by the Securities and Exchange Commission (SEC) has reverberated across the cryptocurrency landscape, triggering a significant surge in various altcoins, with Ethereum Classic (ETC) taking the spotlight. Often overshadowed by its more well-known sibling, Ethereum, ETC has emerged as the clear winner in the aftermath of the groundbreaking news, experiencing an impressive surge of over 31% in the past seven days. Ethereum Classic Trading Volume Up Since the SEC’s approval of the Grayscale Bitcoin ETF…

Celsius CEO Requests to Drop Two Charges Linked to Fraud and Manipulation

The court filing contends that the government’s handling of cryptocurrencies creates an inconsistency and contradiction between the second count of commodities fraud and the first count of securities fraud. Legal representatives for former Celsius CEO Alex Mashinsky have filed a motion in federal court seeking the dismissal of charges related to commodities fraud and market manipulation. The motion, filed on January 12 in the United States District Court for the Southern District of New York, urges the judge to drop two felony counts expected to be brought against Mashinsky at…

SEC Agrees to Postpone Do Kwon and Terraform Trial until US Extradition Expected in March

The Terraform Labs trial has now been postponed until after Do Kwon is successfully extradited to the US from Montenegro. The United States Securities and Exchange Commission (SEC) has agreed to delay the trial of Terraform Labs founder Do Kwon. According to a Monday filing, the trial will not begin until Kwon’s extradition to the US. The filing, submitted in the US District Court for the Southern District of New York, states that SEC was prepared to begin the trial initially scheduled for January 29. However, the Commission has agreed…

Binance and Gulf Innova’s Thailand Crypto Exchange Open for Trading

“With the full operation of Binance TH by our Thai joint venture to the general public in Thailand, we will uphold our unwavering commitment to security, transparency, and service quality. Blockchain technology and digital assets carry the power to bring about financial inclusion,” Richard Teng, CEO of Binance, added in a release. “This is a strategic step forward, setting the stage for Thailand’s impending role as a key player in the global digital finance landscape.” Source