Marathon Digital, a Bitcoin mining company, fell short of revenue expectations set by Wall Street analysts in the first quarter 2024 report. The firm cited adverse weather conditions and equipment malfunctions as contributing factors to the lower-than-expected performance. Marathon Digital Faced Production Setbacks Despite a year-on-year revenue growth of 223%…
Founder and former CEO of Digitex Futures Exchange, Adam Todd, has pleaded guilty to willingly leading the firm to fail to establish an Anti-Money Laundering (AML) program. Notably, the former CEO’s plea was issued in a federal court in the Southern District of Florida on May 7. Former Digitex CEO…
On May 11, the American businessman and television personality said if Joe Biden loses the presidential election, “there is a good chance you will be able to thank Gary Gensler and the SEC (Securities and Exchange Commission).” “Crypto is a mainstay with younger and independent voters,” he said before adding…
Story Highlights The live price of the TON token is $ 6.68611791 Toncoin price could hit a high of $14.20 by the end of the year 2024. With a potential surge, the TON price may record a high of $56.77 during the year 2030. Launched in the year 2018, this Layer-1,…
This activity coincides with a general decline in the crypto market. Is Pepe Poised to Surge 51%? Spot On Chain, an on-chain analysis platform, detailed that a prominent crypto whale, identified by the wallet address 0xa14, has been particularly active. This investor withdrew 350.2 billion PEPE, valued at $2.93 million,…
The leader in Bitcoin mining has announced its financial performance for the first quarter of 2024, revealing an improvement since its emergence from bankruptcy. The company reported a net income of $210.7 million compared to a net loss of $0.4 million for the same period in 2023. Core Scientific’s Q1…
Ripple CEO Brad Garlinghouse recently shared insights on various touch points related to Ripple vs SEC. Starting from the ongoing SEC lawsuit, crypto market predictions, and potential Black Swan events. He expressed confidence in Ripple’s stance against the SEC, emphasizing the importance of fighting for clarity in regulations. Garlinghouse predicts…
A Binance executive from America was held hostage in Nigeria, facing a bribe demand of $150M. The officer, Tigran Gambaryan, stayed captive for 70 days and was charged with tax evasion and money laundering. His colleague escaped, but he got arrested near Prince Harry and Meghan’s tour location in Nigeria.…
As per the latest reports, the U.S. Department of Justice has sidelined Sullivan & Cromwell and chosen Forensic Risk Alliance (FRA) to oversee compliance efforts at Binance Holdings Ltd. because of the former’s due involvement in the FTX bankruptcy case. FRA Takes Charge of Binance Monitorship The FRA has been…
This development follows Binance’s guilty plea to violating US money-laundering regulations and trade sanctions. Why DOJ Chose FRA Over Sullivan & Cromwell This appointment stems from a plea agreement that Binance entered last November. As part of the deal, Binance agreed to pay a substantial penalty of $4.3 billion. Furthermore,…