Ripple announced the acquisition of Swiss-based crypto custody provider Metaco, marking the blockchain firm’s expansion across the growing institutional crypto custody market. The deal, worth $250 million, surfaces as Ripple continues to defend against the long-drawn lawsuit from the US Securities and Exchange Commission. Ripple Acquires Metaco Ripple is expected to ramp up its enterprise...Read More
Bankrupt cryptocurrency entities FTX, FTX.US, and Alameda Research have filed a lawsuit against former executives Sam Bankman-Fried (SBF), Nishad Singh, and Gary Wang for lavishly spending FTX Group’s assets on the acquisition of stock clearing firm Embed Financial Technologies. The move is the first formal action from FTX CEO John Ray against the company’s former...Read More
Lido Finance – which is the largest liquid staking protocol on Ethereum – upgraded to version 2 earlier this week. The move essentially enabled liquid staking users, meaning, the holders of staked ether (stETH), to withdraw stETH to ETH from Lido at a 1:1 ratio. The latest data suggest that only 0.42% of the withdrawals...Read More
Synthetix (SNX) is trading 10% up over the 24-hour period. The recent spike in price comes amid a new proposal. SNX bulls likely have PEPE madness to thank for the market bump. The classic meme frog cryptocurrency is adding value to every market it touches. Volumes surged 150% in the wake of Synthetix Improvement Proposal...Read More
The bipartisan path to stablecoin legislation faces turbulence as House Republicans and Democrats present divergent positions, signaling a growing divide. Despite hopeful sentiments echoed during Thursday’s U.S. House Financial Services Committee hearing on digital assets, lawmakers have yet to bridge the gap between differing Republican and Democratic views on how to regulate stablecoins. The fundamental...Read More
Brad Garlinghouse, the chief executive officer of blockchain company Ripple, believes more crypto firms and businesses will leave the United States due to confusing regulations in the country. During an interview with CNBC, the CEO said the confusion in the country would push crypto entrepreneurs and investments into other friendly regions like Europe, the United...Read More
The Bitcoin market experienced a surge in accumulation as institutional investors continue to acquire more coins, bolstering both short-term and long-term holdings. This trend has been accelerated by the recent banking crisis in the United States and other countries, prompting prominent entities like MicroStrategy Inc., Tether USDT, and Tesla Inc. to increase their Bitcoin acquisition...Read More
PEPE’s rise has ignited renewed investor interest in memecoins as a whole, and the frenzy continued even as bitcoin’s 2023 rally stalled. A wallet bearing the name of investment giant BlackRock withdrew 1.27 trillion PEPE (which is worth around $1.98 million) from Binance to four addresses on May 18th. According to Lookonchain’s data, these four...Read More
[PRESS RELEASE – Please Read Disclaimer] FINPR Agency, a Dubai-based blockchain PR agency, starts offering crypto SEO services. The agency offers 6 different SEO plans, starting from $790 to $5,900+. The most solid package, called “Advanced,” does include technical SEO audit, website speed optimization, backlinks profile analysis, competitors analysis, keywords research (up to 1,000 keywords),...Read More
Australian big four bank Westpac has banned its customers from transacting with Binance, as part of a suite of scam protection measures. The development comes amidst mounting pressure on the crypto giant’s operations in the country. In a statement, Westpac revealed that it was blocking a number of cryptocurrency exchanges as part of a trial....Read More
The latest in a series of scuffles with crypto-related companies, the SEC has now spoken out about Filecoin (FIL), warning Grayscale that these tokens qualify as securities. As a result, the crypto manager – who is part of the Digital Currency Group (DCG) – was asked to retract the Form 10 request submitted for the...Read More
Filtering through the many price activities going on in the crypto market, we take a look at the sharp dipping price of Woo Network (WOO) and the relative bearishness of Mina Protocol (MINA). Woo Network (WOO) and Mina Protocol (MINA) provide a typical case study for the general slipping trajectory of many cryptocurrencies in the...Read More
We’ve partnered with Astrobotic Technology Inc. and Bitcoin Magazine to send the first physical Bitcoin to the Moon. Set to launch at the Kennedy Space Center in the coming weeks, the mission will mark a significant milestone for space exploration and a defining moment for crypto as we explore the possibilities of Bitcoin beyond planet...Read More
Bankrupt crypto lending platform Voyager Digital won court approval on Wednesday to begin repaying its customers’ long-trapped money. So far, customers are only guaranteed to receive 36% of what they’re owed. The approval to commence liquidation procedures comes over 10 months after Voyageur froze customer withdrawals in July 2022, shortly after defunct hedge fund Three...Read More
