Binance CEO Discusses Company’s Plan After Settlement With US Authorities

Binance’s chief executive has shared his company’s future direction and areas of focus following its settlement with U.S. authorities, including the Department of Justice (DOJ). “We have moved past that as the company move into greater maturity,” he insisted, adding that the crypto firm is focusing on “sustainability.” ‘The Direction of Travel Is Very Clear’ […] Source CryptoX Portal

Restaking Takes Center Stage In Ethereum (ETH) Staking Landscape

In recent months, the Ethereum staking landscape has witnessed significant transformations, prompting a shift in investor preferences and reshaping the sector’s dynamics.  According to on-chain data researcher and strategist at 21Shares, Tom Wan, key metrics indicate a notable change in the approach towards Ethereum staking, with restaking gaining prominence as a preferred method. Ethereum Restaking Landscape Wan’s observations, shared on the social media platform X (formerly Twitter), highlight a steady increase in ETH staking deposits from restaking, rising from 10% to 60% since 2024.  Restaking can be accomplished in two…

Ace Exchange Founder Charged in $10.7M Crypto Fraud Case

David Pan, the founder of Ace Exchange in Taiwan, along with six other individuals, has been indicted by a Taiwanese court on April 8 on charges related to money laundering and cryptocurrency fraud involving digital assets valued at NT$340 million New Taiwan dollars ($10.7 million). The court ordered the confiscation of the defendant’s property and other assets worth $110,000. Pan is accused of defrauding at least 162 individuals by offering a fraudulent product through over-the-counter (OTC) exchanges and fake investment platforms. He allegedly created an offshore trading platform that included…

Auradine Secures $80 Million in Series B to Accelerate Bitcoin Mining Rig Production

On April 10, the bitcoin mining rig producer Auradine revealed it had secured an $80 million investment in a Series B funding round. Additionally, the company highlighted that it has also achieved $80 million in bookings. Auradine Raises $80 Million, Doubling Down on Teraflux Mining Rig Expansion The California-headquartered bitcoin mining equipment manufacturer Auradine, known […] Original

Crypto Analyst Drops Trading Strategy To Profit Off Shiba Inu’s Next Leg Up Above $0.00003

Crypto analyst Kamaz recently dropped a bullish trajectory analysis regarding Shiba Inu on its journey to reaching above the $0.00003 mark again. In his latest update, Kamaz noted three bullish price targets for SHIB in a long position after noting a potential market upswing. Interestingly, this bullish prediction comes amidst a wider market uncertainty and with Shiba Inu registering a bullish reversal in on-chain metrics.  Analyst Drops Bullish Trading Strategy Kamaz’s analysis is based on a 4-hour chart timeframe which he shared on social media. At the time of analysis,…

SEC Takes Aim at DeFi Exchange Uniswap in Potential Enforcement Action

Uniswap Labs is facing a potential enforcement action from the Securities and Exchange Commission (SEC). The regulator is considering taking legal action against the company behind the popular decentralized finance (DeFi) exchange Uniswap. In a blog post published today (Wednesday), the company disclosed that it had been served a Wells notice by the SEC. A Wells notice is a letter issued by the regulator after concluding an investigation, indicating that it plans to pursue enforcement action against the recipient. Uniswap contends that its services are legal. The exchange has assured…

Steven Nerayoff Intends to Sue U.S. Government for $9.6B Over Dropped Extortion Charges

The government denied the majority of Nerayoff’s claims in a filing of its own, including the assertion that Nerayoff’s colleague and former co-defendant on the extortion charges, Michael Hlady, was a government informant. Nerayoff’s lawyers maintain that Hlady, who was convicted of swindling Catholic nuns out of nearly $400,000 in 2010, was “insinuated … into [his] orbit” by the FBI, in order to help them build a case against Nerayoff. Source

Judge to Sentence Former FTX Executive Ryan Salame in Late May

Initially scheduled for May 1, the sentencing of Ryan Salame, former co-chief executive of FTX Digital Markets, has been deferred to May 28, 2024, in front of Judge Lewis Kaplan. Ryan Salame, Once FTX’s Co-Leader, Slated for May Sentencing Per the judicial records, Ryan Salame, once the co-chief executive at FTX Digital Markets, is slated […] Source CryptoX Portal