The key U.S. equities index the S&P 500 has now declined by just over 10% from its July 31 peak on fears that the U.S. economy is headed for a recession. One expert characterized the index’s drop as the first correction since the market bottomed in the fourth quarter of 2022. In contrast, the prices […]
Report: Africa-Focused Crypto Trading App Shut Down — Co-Founder Says Only Nigerian Users Affected
The Africa-focused crypto trading app Vibra has reportedly stopped working in Ghana, Kenya, and Nigeria. Reports that the app is not working in the three countries contradict the co-founder’s claim that only users from Nigeria are affected. Resign or Get Fired An Africa-focused crypto trading app, Vibra, has reportedly been stopped in Ghana, Kenya …
Ian Freeman Sentenced for Selling Bitcoin Without License, Judge Swats Down SEC Appeal in Ripple Case, and More — Week in Review
Free Talk Live co-host Ian Freeman has been sentenced to eight years in prison for selling bitcoin without a license, the SEC has taken in a loss in its push for interlocutory appeal against Ripple, and a verified “Satoshi” handled has stirred up controversy and debate on social media site X. This and more just […]
DOJ Clamps Down on SBF’s Regulatory Loophole Defense Amid Ongoing Fraud Trial
The Department of Justice (DOJ) has asked the judge in Sam Bankman-Fried’s (SBF) criminal case to restrict several planned defense arguments about financial regulations. Prosecutors said in a new court filing that SBF should not be allowed to claim he’s innocent because cryptocurrency exchanges faced little regulation. They also argued he can’t use his compliance […]
Biggest Movers: DOGE, SHIB Down 3%, Falling for Second Straight Session
Dogecoin was a notable mover on Tuesday, as the meme coin extended recent declines after a failed move beyond a key resistance level. The drops came as the wider crypto market cap also slipped. It is trading 2.87% lower as of writing. Shiba inu also edged lower in today’s session. Dogecoin (DOGE) Dogecoin (DOGE) fell […]