Is Bitcoin or Ethereum a better protocol for developers? A closer look reveals the answer may not be so obvious. Tony Cai – CEO of Bitcoin-based DeFi platform Atomic Finance and former Ethereum builder – published a Twitter thread on Wednesday explaining the different experiences of building apps on both networks, including the strengths and...Read More
California-based crypto custodian BitGo announced securing $100 million in a Series C funding round, bringing its valuation to $1.75 billion. The freshly injected funds will be deployed to make strategic acquisitions and expand its regulated custody, wallet, and infrastructure solutions globally. Both new and outside strategic investors have participated in the funding round. In a...Read More
Singapore authorities have arrested 10 foreign nationals suspected to be involved in money laundering and forgery, among other illicit activities, and have seized or frozen cash, assets, and crypto worth over S$1 billion. While eight other suspects are on the run, the case could be considered one of Singapore’s largest money laundering crackdowns. Singapore Seizes...Read More
Stablecoin giant Tether announced on Thursday that it has discontinued USDT support for three blockchains, on which the token “lacks significant traction.” Those chains include Bitcoin’s Omni Layer, Bitcoin Cash’s Simple Ledger Protocol (SLP), and Kusama. No Signs Of Omni Adoption As explained on Tether’s website on Thursday, community interest is a “key factor” in...Read More
Shiba Inu (SHIB), Pepe (PEPE), and Bone Shibaswap (BONE) are among the top five trending coins in the market today. Interestingly, none of them is making the headlines for a good reason. Data from CoinMarketCap indicates the three meme coins are currently all in the red. BONE is down 12.83% in the last 24 hours,...Read More
Blockchain analytics platform Santiment revealed that the increased short positions in the crypto market provide an opportunity for bullish investors to position themselves for an uptick in prices. In a recent tweet, Santiment said traders have doubled down on their short positions due to the market’s current downturn. Traders Bet Against Crypto Markets With many...Read More
Tether will stop supporting three blockchains – Bitcoin Omni, Bitcoin Cash SLP, and Polkadot’s Kusama test chain. This change aims to meet community needs and encourage innovation. On these blockchains, there’s about $240 million USDT on Omni, $986,000 on Bitcoin Cash SLP, and $1.49 million on Kusama. They wrote, “Tether will embark on a strategic...Read More
FTX’s sister trading firm, Alameda Research, will be allowed a general unsecured claim of $175 million against Genesis. The disgraced crypto exchange led by Sam Bankman-Fried previously sought to claw back $4 billion from DCG-owned lender Genesis which also filed for Chapter 11 bankruptcy. However, the latest court filing suggests that FTX and Genesis have...Read More
Europe saw the launch of the first spot Bitcoin ETF on Tuesday, but it turned out to be a sell-the-news moment since the cryptocurrency’s price plummeted in the following days to multi-month lows. Interestingly, something similar happened back in 2021 after the launch of the futures Bitcoin ETFs in the States, leading to speculations on...Read More
Bitcoin is currently undergoing a period of record low volatility. However, the asset appears to be a “challenging multi-contact point trendline” that can be traced to its lowest point in 2023. This could offer insights into the future direction of the leading crypto-asset, according to renowned veteran trader Peter Brandt, who said the largest cryptocurrency...Read More
Shiba Inu’s lead developer Shytoshi Kusama addressed the recent turmoil within the cryptocurrency community regarding the issues that Shibarium’s launch faced. As CryptoPotato reported earlier, the Shibarium launch was faced with some issues, including stuck transactions. Reports started circling around that Shytoshi Kusama acknowledged the problems, also saying that there’s a huge number of ETH stuck in...Read More
Ripple Labs has opposed the U.S. Securities and Exchange Commission’s (SEC) request for an interlocutory appeal against Judge Analisa Torres’ decision on the sale of XRP constituting securities. According to a tweet by Ripple Labs chief legal officer Stuart Alderoty, the court should reject the SEC’s request because there is no extraordinary circumstance justifying a...Read More
The highly awaited Shibarium finally made its debut this week. The spotlight was firmly fixed at layer-2 primarily because it aimed to elevate the meme coin’s status in the industry into a more substantial contender. The launch, however, did not meet the expectation as SHIB, BONE, LEASH, and TREAT are experiencing declines in the aftermath....Read More
Bitcoin Spark emerges as a valid contender in the crypto space with its unique approach and innovative features. This Bitcoin alternative is receiving attention as crypto watchers, and analysts note its potential to outshine crypto giants like Solana, Cardano, and Ethereum. Bitcoin Spark (BTCS) Bitcoin Spark is a high-flying Bitcoin alternative with a new approach...Read More
Speaking to CNBC on Aug. 16, Fundstrat analyst Tom Lee said that if the spot BTC ETF gets approved, the demand for Bitcoin will be greater than the supply. He added that the firm’s crypto strategists predicted a clearing price of $150,000 to $180,000. The bold prediction is before the end of next year and...Read More
[PRESS RELEASE – Geneva, Switzerland, August 16th, 2023] TRON DAO (“TRON”) is pleased to announce that it has joined the Japan Cryptoasset Business Association (“JCBA”) as an associate member starting from August 1st, 2023. As a leading global blockchain, TRON is committed to building cooperation and collaboration with other JCBA members to promote the growth...Read More
Dubai’s Virtual Asset Regulatory Authority (VARA) fined OPNX — the cryptocurrency project created by founders of the defunct digital asset hedge fund Three Arrows Capital (3AC) — along with the project’s founders and CEO, shortly after issuing a reprimand in May. While the executives have paid their fine, VARA said OPNX is yet to make...Read More
