The Australian Securities and Investment Commission (ASIC) has sentenced Melbourne-based cryptocurrency lending firm Helio for falsely claiming it held an Australian credit license (ACL) in August 2019. According to an official release from the ASIC, Helio was sentenced to a non-conviction bond and entered into a recognizance of A$15,000 ($9,600) for 12 months on the...Read More
The U.S. Securities and Exchange Commission (SEC) has filed a motion requesting permission to appeal a federal court ruling last month claiming that secondary sales of Ripple’s XRP token are not securities. The agency argued that there are still “substantial grounds for difference of opinion” regarding how securities laws apply to crypto, making frequent reference...Read More
A United States judge has ruled that the Securities and Exchange Commission (SEC) can seek assistance from the South Korean government in interviewing Daniel Shin, co-founder of Terraform Labs, along with Do Kwon. US District Judge Jed Rakoff ruled on Thursday that the SEC is permitted to utilize a procedure outlined in a 1970 treaty...Read More
The fervor that surrounded Bitcoin Ordinals seems to have waned, with sales volume dropping more than 97% from its all-time high in May 2023. However, some community members believe Bitcoin Ordinals are not dead, some others state that the earlier hype was a major cause of its crash, arguing that Bitcoin is better off maintaining...Read More
As crypto mining firms rapidly expand infrastructure ahead of the 2024 Bitcoin halving, the industry is also branching out into another growing tech frenzy: artificial intelligence. A report from JP Morgan on Thursday explained how mining businesses are now repurposing their infrastructure to provide high-performance computing services. Miners Pivot to AI As led by Nikolaos...Read More
[PRESS RELEASE – Singapore, Singapore, August 18th, 2023] Crypto Exchange Huobi announced a strategic partnership with TradingView on data and trading integration services. Users will now be able to directly view the real-time prices of cryptocurrencies on Huobi with TradingView. They can also create accounts and trade on Huobi without having to switch between platforms....Read More
A crypto wallet connected to the October 2022 BNB Chain $600 million exploit has lost roughly $63 million on the decentralized lending platform Venus Protocol due to liquidation that resulted from the massive bloodbath in the market yesterday. According to a series of tweets by blockchain security firm PeckShield, the exploiter’s wallet was first liquidated...Read More
In the past 24 hours, the cryptocurrency market experienced a significant crash, eliminating expectations of a bullish surge. This decline was triggered by a series of macro news, erasing the progress made over the past two months. Notably, among the altcoins, Shiba Inu and Litecoin showed a slight rebound from their monthly support levels, suggesting...Read More
Optimism network-based decentralized credit market Exactly Protocol became the target of exploitation on August 18th. The breach resulted in a significant drop in the platform’s total value locked (TVL). Meanwhile, Exactly’s recently-announced native token – EXA – slumped by more than 27% over the past day. The protocol was halted temporarily. Another DeFi Project Hacked Blockchain...Read More
Amidst swirling allegations, the US Securities and Exchange Commission (SEC) has received approval to join hands with their South Korean counterparts, as per a recent report. This cooperative effort will further dive into the intriguing case involving Terraform Labs’ co-founder, Daniel Shin, and the prominent payments entity, Chai Corp. Deepening the Investigation: SEC’s Global Pursuits...Read More
Tornado Cash, the most well-known crypto mixing service, was sanctioned by the U.S. Office of Foreign Assets Control (OFAC) last August. The decision was the result of a long-lasting spat between the regulator and the crypto mixer dating back to at least 2018 when two persons of special interest to the U.S. government were found...Read More
Bitcoin flash crashed to about $25.3k in an unexpected downturn triggering severe liquidations for traders. The bloodbath follows Evergrande’s bankruptcy, but it’s the SpaceX write-down that has taken center stage. Certain documents have emerged that reportedly provided a rare insight into the financials of Elon Musk’s SpaceX, revealing that the space company wrote down the...Read More
[PRESS RELEASE – Singapore, Singapore, August 18th, 2023] Rangers Protocol is excited to unveil its Node Management Platform 2.0, an innovative multi-functional tool designed to provide comprehensive support in node hosting. This major update not only streamlines the process for users to become verification nodes but also introduces powerful features such as the Delegated Staking...Read More
Ripple’s XRP went through a major crash during the past 24 hours following the broader market downturn, which resulted in over $1 billion worth of leveraged positions being liquidated. While there might be multiple reasons behind the crash, there might also be some silver lining for XRP traders as a new exchange has added an...Read More
On Aug. 18, Bloomberg cited ‘people familiar with the matter’ claiming that the regulator is not likely to block the products which many companies have been waiting on. Ethereum futures ETFs are not entirely bullish for ETH because they allow institutional investors to short the asset. However, approval will be a big win for the...Read More
In a recent video, prominent crypto analyst PlanB has ignited excitement among the cryptocurrency community by suggesting that Bitcoin’s price could potentially skyrocket to an astonishing $500,000. This optimistic outlook is grounded in his meticulous analysis of the Relative Strength Index (RSI), a pivotal technical indicator known for predicting market trends. PlanB’s buoyant sentiment stems...Read More
