Author: James Wilson
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors eye Cardano’s steady growth and Remittix’s emerging DeFi potential as the crypto market gears up for the next big price moves in 2025. Investors are now focused on finding the upcoming best crypto to buy and now have to choose between established coins like ADA and emerging Defi coins in 2025. Forecasts project Cardano (ADA) to rise up to $10 by 2030 although its current market rate remains at $0.73. The disruptive nature of this new ICO in…
Following a trading incident involving JELLY that resulted in a $10.63 million loss, Hyperliquid has introduced additional security measures. The problem resulted from a rogue trader who self-traded a sizable JELLY position, which caused a price spike, setting off a liquidation process that led to Hyperliquid’s (HYPE) market-making vault absorbing the loss. In a Mar. 27 post on X, the platform outlined several steps it has taken to improve its risk management. Stricter limits on the liquidator vault, which serves as an emergency fund to cover losses from failed trades, is one of the key updates. By reducing the cap,…
Michael Novogratz’s Galaxy Digital will pay $200 million over allegations it promoted LUNA while selling millions of tokens at a profit before the token’s collapse. Galaxy Digital, a crypto investment firm founded by Michael Novogratz, has agreed to a $200 million settlement with the New York Attorney General’s office over allegations it promoted the algorithmic cryptocurrency LUNA (LUNA) while quietly selling millions of tokens at a profit. The firm did not admit or deny the allegations. The settlement, outlined in a filing from the NYAG, claims Galaxy bought LUNA in 2020. At the same time, it promoted and sold its…
TUT crypto rallied as much as 235% today after community votes secured it a listing on the Binance exchange. According to data from crypto.news, Tutorial (TUT) rose from $0.0167 to an intraday high of $0.0564 before pulling back to $0.0396 by Friday afternoon in Asia. The rally extended its weekly gains to an impressive 2,600%, making it one of the top-performing altcoins over the period. The surge was backed by high trading activity, with on-chain data showing a 600% increase in daily volume, which crossed $189 million. TUT’s market cap stood at $38.5 million. Interest from derivatives traders also spiked,…
South Carolina has dropped a lawsuit against cryptocurrency exchange Coinbase, which accused it of offering unregistered securities. The South Carolina Attorney General’s securities division dismissed the case in a joint agreement with Coinbase, marking another win for the exchange after a similar case was dropped by Vermont earlier this month, according to the exchange’s chief legal officer, Paul Grewal. “The dominoes keep falling […] This is not just a victory for us, but for American consumers, and we hope it’s a sign of things to come in the few states left that restrict staking,” he wrote in a Mar. 27…
Dunamu, the operator of crypto exchange Upbit, posted an 85.1% increase in operating profit for 2024, fueled by Bitcoin’s halving and pro-crypto policies in the U.S. Dunamu, the company behind South Korean crypto exchange Upbit, had a strong 2024, with revenue and profit rising sharply, as its latest earnings report suggests that improved investor sentiment and major crypto events may have played a role. According to the company’s regulatory filing, its 2024 revenue reached KRW 1.7316 trillion (around $1.3 billion), up 70.5% from the previous year. Operating profit grew even more, surging 85.1% to KRW 1.1863 trillion, while net income…
A new bill introduced in South Carolina proposes the creation of a state-run Bitcoin reserve with a cap of 1 million BTC. Filed on Mar. 27, South Carolina’s Strategic Digital Assets Reserve Act seeks to give the state treasurer the authority to hold Bitcoin (BTC) and other digital assets as a hedge against inflation. According to the bill, inflation has reduced the purchasing power of retirement funds and state-managed assets. To protect its finances, South Carolina wants to diversify them. Bitcoin is viewed as a possible hedge against economic volatility. The proposed Digital Assets Reserve would enable the state to…
To improve security in the cryptocurrency sector, Coinbase Institutional has made its multi-party computation cryptography library publicly available. MPC technology lowers the risk of theft or illegal access by allowing multiple parties to sign transactions without disclosing their private keys. Coinbase announced on Mar. 27 that they have open-sourced tools for transaction signing and safe key protection techniques, alongside technical documentations to help developers in integrating MPC into their systems. We’re open-sourcing our multiparty computation (MPC) cryptography library, setting a new industry benchmark for cryptographic transparency.While this technology already helps safeguard Coinbase assets, we’re raising the bar for security across…
Without pursuing any enforcement action, the U.S. Securities and Exchange Commission has formally concluded its investigation into Crypto.com. In a blog post on Mar. 27, the exchange revealed the news, pointing out that it had previously received a Wells notice from the SEC before suing the agency in October 2024. The lawsuit, which claimed the SEC had overstepped its authority, was later dismissed in December. The investigation has now ended with no penalties. Nick Lundgren, Crypto.com’s Chief Legal Officer, welcomed the decision, stating: “We are pleased that the current SEC leadership has made the decision to close its investigation into…
Key Takeaways The investigation began last year when the SEC issued a Wells notice to Crypto.com in August SEC has also dropped actions against Kraken, ConsenSys and Cumberland DRW LLC Crypto.com announced on Thursday that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the exchange and will not pursue enforcement action. The SEC has not issued a public statement regarding the closure of the investigation. However, Crypto.com Chief Legal Officer Nick Lundgren stated, “We are pleased that the current SEC leadership has made the decision to close its investigation into Crypto.com with no enforcement action or…