TL;DR, A massive crypto liquidation wave wiped out $2 billion in just 24 hours, affecting over 391,000 traders and causing a single whale’s profit to shrink by nearly $10 million. While retail traders faced margin calls, early whales like Owen Gunden exited massive positions, creating selling pressure that pushed Bitcoin to six-month lows despite rising…
TL;DR, Among the first batch to receive South Africa’s crypto license include Luno, South Africa’s top crypto exchange, and Zignaly, a decentralized social investing platform. Zignaly obtained a Category 2 discretionary FSP license listed on the FSCA registry under Merritt Administrators PTY LTD. Since June 2023, the FSCA has been accepting licensing applications, attracting over 230…
TL;DR, Sam Bankman-Fried sentencing: 25 years and an $11B penalty after a four-hour jury deliberation, following revelations that billions in FTX customer funds were misused. The FTX collapse triggered a severe “crypto winter,” but the market’s resilience and the subsequent sentencing mark a pivotal turn towards accountability and maturity for the entire industry. Despite maintaining…
TL;DR, Cristiano Ronaldo NFTs are the center of a $1 billion class-action lawsuit alleging deceptive promotion, despite the initial announcement driving a massive 500% increase in search traffic for Binance. While legal battles continue regarding unregistered securities, Binance has successfully delivered high-end utility to holders, including an exclusive “Train with CR7” event in Lisbon,…
The entire crypto market focused on a common enemy seeking justice, Sam Bankman-Fried, the man who almost collapsed the entire industry. As the list of allegations against him grew, federal prosecutors made an unexpected decision not to pursue a second trial. SBF dropped charges is an unexpected turn with 5 additional counts, “overlooked”. This included…
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