Binance and its former CEO, Changpeng Zhao (CZ), are facing a revived class action lawsuit in the U.S. District Court for the Western District of Washington, Seattle. The lawsuit, filed by three cryptocurrency investors, alleges that Binance facilitated money laundering of stolen crypto assets, making them untraceable. The plaintiffs claim that their stolen crypto was […]
Bitcoin Technical Analysis: BTC Faces Continued Downward Pressure
Google Faces Lawsuit After $5M in Crypto Stolen via Play Store App
A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $ 5 million in cryptocurrency. Vaca claims the app, Yobit Pro, exploited Google’s marketing that portrayed the Play Store as …
Ethereum Technical Analysis: ETH Faces Persistent Downtrend Despite Strong Market Activity
On August 12, 2024, ethereum (ETH) was priced at $ 2,683, fluctuating within a 24-hour range of $ 2,523 to $ 2,720. With a market capitalization of $ 321 billion and a trading volume of $ 17.58 billion, ether continues to exhibit significant market activity. However, technical indicators suggest ongoing …
Bitcoin Slips Below $59K as Crypto Market Faces $132M in Liquidations
On Sunday, bitcoin slipped below the $ 60,000 mark and dipped even further beneath the $ 59,000 range. The leading cryptocurrency touched an intraday low of $ 58,315, after previously hitting a high of $ 61,868 earlier in the day. Crypto Crash Course: Long Positions Take a Tumble in Sunday’s Wipeout …