August 16, 2023

Ripple (XRP) Rival Stellar (XLM) Becomes Minority Investor in MoneyGram

The Stellar Development Foundation (SDF) – the organization behind the Stellar network that facilitates cross-border transactions – announced becoming a minority investor in payments giant MoneyGram International. The latest investment is the first of its kind made from SDF’s treasury which includes a position on MGI’s Board of Directors. Denelle Dixon, SDF CEO and Executive...
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SHIB Team Announces Launch Of Shibarium Mainnet

On Wednesday, Shiba Inu (SHIB) developers appeared on stage at the Blockchain Futurist Conference in Toronto to discuss the “End Game” for Shibarium – the meme token’s metaverse and NFT-oriented layer 2 blockchain. The team said that the Shibarium mainnet has gone live, allowing developers to begin building apps on the blockchain. The ecosystem will...
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Circle Exec Calls for Tighter Regulations Against Crypto Firms Counterfeiting U.S. Dollars

Dante Disparte, the chief strategy officer and head of global policy of the second-largest stablecoin issuer Circle, has blasted crypto firms that create counterfeits of the U.S. dollar. According to a Bloomberg report, Disparte called for relevant federal legislation around stablecoins to protect consumers and prevent investors from companies with fake USD. Circle CSO Criticizes...
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Trump’s True Crypto Holdings Are Worth Millions, New Filings Show

Updated filings show that former President Donald Trump owns $2.8 million worth of cryptocurrency in his Ethereum wallet – a far higher amount than disclosures from earlier this month appeared to suggest. The disclosures paint a different picture of Trump’s views on crypto than his public pronouncements about the asset class would seem to suggest....
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Coinbase Layer-2 Solution Base’s Second-Largest DEX Eliminates Vulnerabilities After Exploit

The second-largest decentralized exchange on the newly released Base blockchain – RocketSwap – announced eliminating any existing high risks and vulnerabilities a day after sustaining a “brute force hack of the server” where the platform stored its private keys. The RocketSwap team confirmed relinquishing minting rights, which is part of its recovery plan. In a...
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PayPal UK To Pause Crypto Purchases Until Early 2024

PayPal announced that it will temporarily suspend crypto purchases on its platform for its U.K. based users beginning in October. The move comes in response to evolving regulatory guidelines provided by the Financial Conduct Authority (FCA) – Britain’s chief market regulator. PayPal Pauses Crypto Buys Per an email received by certain U.K. users on Wednesday,...
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CFTC is Doing SEC’s Real Job on Crypto According to XRP Decision

The U.S. Securities and Exchange Commission is leaving securities enforcement up to the CFTC when it comes to cryptocurrency. While the commission rushes ahead of Congress to write the entire federal crypto policy by lawsuit, the CFTC is going for more clear-cut violations. The Commodity Futures Trading Commission took the lead late last week and...
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Community Influence, Ripple’s XRP Army, Dogecoin’s Community and Big Eyes Infinity’s Presale

Historically, community influence is pivotal to any type of organisation functional in any industry. Similarly, the cryptocurrency community is vital to every cryptocurrency project’s growth, awareness, adoption, and participation. Recently, the crypto market witnessed the role of Ripple’s (XRP) community, known as XRP Army, during the turmoil of the lawsuit against the US Securities and...
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Bittrex CEO Cautions Against Celebratory Stance Following $24 Million SEC Settlement

Bittrex reached a $24 million settlement with the US Securities and Exchange Commission (SEC). Under this arrangement, Bittrex and Bittrex Global have settled with the federal regulator, agreeing to make payments totaling $14.4 million for disgorgement (repayment of unjust profits), $4 million for prejudgment interest, and $5.6 million in civil penalties to resolve the legal...
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Linera Blockchain Raises Additional $6M for Innovative Microchain Design Evolving from Meta’s Novi Research

[PRESS RELEASE – San Francisco, USA, August 16th, 2023] Linera reaches a total of $12M in seed funding. The new round of funding was led by Borderless Capital with contributions from a16z crypto, Laser Digital Ventures, Matrixport, Flow Traders, GSR Markets, and more Linera, the first blockchain network scalable via microchains, has successfully closed an...
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Shiba Inu Official With Stark Warning Regarding Shibarium

The community is eagerly anticipating today’s announcement, and many seem to believe that it will be related to the up-and-coming layer 2 scaling solution developed by Shiba Inu – Shibarium. Meanwhile, Shiba Inu’s marketing strategist took it to X to warn users of potential fraudulent actors, outlining one of the popular attack vectors. Lucie emphasized...
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Ripple’s Market Depth on Gemini Now Fine Following XRP’s Surge to $50

XRP is currently reeling under severe bearish pressure alongside other top cryptocurrencies. Over the past week, XRP was down by almost 7%, contributing to its monthly losses, which have now reached 20%. But the latest analysis suggests that the crypto-assets market depth on Gemini has rebounded. Last week, XRP’s price on Gemini experienced a temporary...
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Algorand Price Analysis: ALGO Prices Back AT $0.10, Traders Confused In A Fakeout or Restest?

Despite an overall bearish declining trend, the tides for ALGO price were set to change with a triangle breakout However, the excessive selling pressure at the 50-day EMA and the bleeding altcoin market reverts the rally.  The breakout rally fails to find a closing above the 50-day EMA and falls 9.18% in the last 48...
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Judge Torres Approves Notice of Appearance in Ripple v. SEC Case: What Does it Mean?

The ongoing case between Ripple Labs and the US Securities and Exchange Commission continues to be among the most heavily-discussed topics in the industry. Most recently, presiding Judge Analisa Torres approved a notice of appearance for an Investment Banker Declarant, but what does this mean? Approving Notice of Appearance Judge Analisa Torres has recently approved...
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SEI Price Explodes 12% on Coinbase Listing

Recently-launched layer 1 protocol, Sei network, saw its native cryptocurrency – the SEI token – listed on the major US-based cryptocurrency exchange Coinbase. Sei is a newly-launched blockchain making bold claims and promises of being “the fastest blockchain in the industry.” The Sei token was introduced on the Binance Launchpool program at the beginning of...
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Celsius Approved to Send Adjusted Bankruptcy Plan to Creditors (Report)

The now-defunct cryptocurrency lending company Celsius Network reportedly received permission from US Judge Martin Glenn to send a restructured bankruptcy plan to creditors, seeking their approval. If accepted, affected customers could retrieve up to 67% of their funds through a return of liquid digital currencies such as bitcoin. Plan Into Motion? According to a recent...
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Huobi’s 7th PrimeVote Finishes with MinePlex (XFI) Coming out on Top

[PRESS RELEASE – Singapore, Singapore, August 15th, 2023] Crypto Exchange Huobi announced that the 7th round of Huobi’s PrimeVote event is finished. In this round, a total of 12 projects competed for the listing, accumulating 226,040,064 votes in the form of “Rockets.” After two rounds of intense voting, MinePlex (XFI) emerged as the winner, garnering...
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Binance Will Delist These Tokens Later in August

Binance will start with a deposit halt for all trading pairs linked to these tokens, including SNM/BTC, SNM/BUSD, SRM/BUSD, and YFII/USDT, on August 22, at 03:00 UTC. The discontinued services for the three tokens encompass Binance Simple Earn, Binance Loans, Binance Pay, Binance Gift Card, and Binance Trading Bots. While deposits will be halted next...
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Bitcoin (BTC) $ 98,263.33 5.25%
Ethereum (ETH) $ 3,149.28 1.48%
Tether (USDT) $ 1.00 0.11%
Solana (SOL) $ 242.20 2.48%
BNB (BNB) $ 610.11 0.57%
XRP (XRP) $ 1.12 1.24%
Dogecoin (DOGE) $ 0.382115 1.47%
USDC (USDC) $ 1.00 0.10%
Lido Staked Ether (STETH) $ 3,147.25 1.49%
Cardano (ADA) $ 0.787324 5.08%