SEC and Ideanomics settle in fraudulent $40M crypto revenue reporting

Controversial altcoin XRP has finally launched on crypto derivatives giant BitMEX — but so far, its price has failed to react.In a tweet on Feb. 3, BitMEX confirmed it had decided to support XRP, the third-largest cryptocurrency by market cap, for perpetual swaps against the United States dollar.XRP squeezes out 7% gainsDespite regular efforts from…

Hong Kong — officially the Hong Kong Special Administrative Region of the People’s Republic of China — is a city of over seven million residents on the eastern Pearl River Delta in South China. The city is known for being pro-innovation and technology, and over the past year, it has introduced legislation to promote and…

Artificial intelligence (AI) is undeniably a hot technology at the moment, with the industry projected to be worth $22.6 billion by 2025. Over the past year, everyday people saw AI-generated images and filters across social media as well as Open AI’s tools, ChatGPT and DALL-E, explode seemingly overnight.  While AI shows significant signs of promise,…

Bitcoin Strategist at Kraken, Pierre Rochard, explains why Bitcoin is the perfect asset against uncertainty despite its high volatility. 1354 Total views 39 Total shares Bitcoin Strategist at Kraken Pierre Rochard believes Bitcoin to be the perfect hedge against uncertainty, despite its high volatility. In an interview with Cointelegraph, Rochard pointed out the dichotomy of uncertainty…

United States Congressman (R-N.C.) Ted Budd testified to the House of Representatives Ways and Means Committee on purported issues with current tax laws on cryptocurrencies, as per a video of the testimony released on June 4.Congressman Budd argued that cryptocurrencies should have a de minimis tax exemption like foreign currencies.Budd commented that he cosponsored bill…

“The BBC swiftly said it had withdrawn the show but did not make any further comment on its editorial checks,” The Guardian wrote. 293 Total views 8 Total shares The BBC has pulled a documentary focused on a 20-year-old crypto trader who supposedly turned $50 into an $8 million fortune last year.The doco was titled…

An official from Spain’s central bank, the Bank of Spain (BDE) believes that Bitcoin (BTC) is unable to resolve the problems faced by major payment systems. BDE’s Deputy General Director for financial innovations and market infrastructure, Carlos Colesa, gave his opinion on the leading cryptocurrency in a report published on Sunday, Feb. 17.The study dubbed…

Several prominent members of the crypto and blockchain community have chimed in on the latest developments in Ukraine. 750 Total views 16 Total shares Russia's military intervention in Ukraine has elicited a strong reaction from the cryptocurrency community. The news of the invasion initially sent Bitcoin (BTC) and other cryptocurrencies tumbling.The U.S. government has since…

Pangolin can offer DEX-as-a-service features to any Flare-based application that wants to incorporate direct token swaps into its user experience. 27 Total views 17 Total shares Pangolin, a decentralized exchange (DEX) on the Avalanche network, will debut on the layer-1 blockchain Flare network. Flare is known for its interoperability solutions and Pangolin hopes to utilize…