Crypto exchange giant Binance will stop support for BUSD by 2024 after Paxos halted minting the stablecoin following a regulatory clampdown. The firm, meanwhile, has asked users to convert their BUSD to FDUSD, a stablecoin recently listed on the Binance platform. Binance, in an announcement on Aug. 31, revealed that it will delist BUSD spot...Read More
The crypto market continues to be gripped by a bearish wave. Despite its latest halving on August 2, 2023, Litecoin (LTC) has fallen off drastically. Decentraland (MANA) has also struggled despite innovations such as Emotes being launched on August 15. In sheer defiance of the market conditions, VC Spectra (SPCT) continues its surge and has...Read More
Arkham Intelligence has identified Robinhood as the fifth-largest holder of Ethereum (ETH) and holder of 34 trillion Shiba Inu (SHIB) tokens. Earlier this month, Arkham Intelligence also named Robinhood as the owner of the third-largest Bitcoin wallet, with holdings equivalent to around $3.2 billion. Our identification of Robinhood as the owner of the third-largest Bitcoin...Read More
[PRESS RELEASE – Please Read Disclaimer] The official closing event for TOKEN2049 will take over the rooftop of Singapore’s iconic Marina Bay Sands SINGAPORE — 31 August 2023 — TOKEN2049, Asia’s premier Web3 and crypto conference, announced an international DJ line-up for AFTER 2049, the official closing event of its upcoming Singapore edition. Headlined by...Read More
Two Bloomberg exchange-traded fund (ETF) analysts, Eric Balchunas and James Seyffart, predicted that there is a 75% chance the United States will have a spot Bitcoin ETF by the end of 2023, following Grayscale’s win against the US Securities and Exchange Commission (SEC). While the SEC has approved future-based Bitcoin ETFs, the Commission is yet...Read More
In recent days, the price of ETH surged to $1,750, fueled by Grayscale’s win against the SEC. However, it has since been experiencing a consistent decline. Early investors who acquired ETH just before the price spike have started to liquidate their positions. This is exerting significant downward pressure on ETH at its higher levels, setting...Read More
As the US Securities and Exchange Commission (SEC) faces mounting political pressure to greenlight a bitcoin ETF following its recent court loss, there’s an opposing viewpoint that insists on maintaining the current stance. However, CoinShares product head Townsend Landing believes the financial regulator is stuck in a maze of its own making. ‘Hoist With His...Read More
Brian Armstrong, the CEO of Coinbase, revealed a list of ten ideas that he’s most interested in and hopes that developers turn these ideas into reality amidst the bear market. Despite mounting regulator pressure on the home turf, Armstrong said Coinbase has its hands full with different projects and “doesn’t have time to tackle everything.”...Read More
As expected by analysts, the Securities and Exchange Commission (SEC) has again delayed its upcoming decision on whether to approve a slew of Bitcoin spot ETF applications. This pushes forward their respective decision dates by another 45 days. According to the SEC’s website, decisions for proposed ETFs from Blackrock, Invesco, WisdomTree, Valkyrie, Bitwise, VanEck, and...Read More
US-based investing and trading platform giant Robinhood has been identified as the owner of the fifth largest Ethereum (ETH) wallet address, accounting for the second-largest crypto holding in its portfolio after Bitcoin (BTC). The company’s wallet app recently added support for Bitcoin and Dogecoin while including an Ethereum swap feature. Robinhood Has 1.493 Million ETH...Read More
The US Department of Justice (DOJ) is seeking additional disclosures about Sam Bankman-Fried’s planned defense. According to a Tuesday filing, the lawyers representing the agency responded to the disgraced exec’s plan to use an advice-of-counsel defense during his scheduled trial in October. If this request is not met, the DOJ asked the court to restrict...Read More
Ripple, the tech firm behind XRP, is now on a talent hunt with a new full-time position as a Senior Specialist in Global Know Your Customer Due Diligence. Based on the announcement, the advertised role is in the United States. The new hire will join Ripple’s Global Anti-Money Laundering & Sanctions Compliance team to perform...Read More
After suffering defeat against Grayscale in court, the Securities and Exchange Commission (SEC) is faced with a difficult decision on how to handle the wave of Bitcoin spot ETF applications knocking on its door. The agency need not approve the applications, however: instead, it may choose to rescind prior approval of the nation’s Bitcoin futures...Read More
Coinbase has announced that it will start trading in PayPal’s newly launched stablecoin, PYUSD, on Aug. 31, provided that liquidity conditions are met. Trading will begin on or after 9AM PT on 31 August 2023, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our PYUSD-USD trading pairs will...Read More
[PRESS RELEASE – New York City, USA, August 31st, 2023] The acquisition and rebrand of Hiro Wallet by Trust Machines gives Leather a unique opportunity to fulfill an increasing demand for Web3 on Bitcoin Trust Machines, the company building the largest ecosystem of Bitcoin applications, today announced the launch of its flagship wallet brand, Leather....Read More
A mysterious Shiba Inu whale has stunned the community by moving 4.64 trillion SHIB tokens, roughly $38 million, between two undisclosed wallets, as per data from etherscan. The activity comes during the relaunch of Shiba Inu’s layer-2 scaling solution, Shibarium. Following the development, data from the Shibarium explorer indicates that the addresses using Shibarium have...Read More
Swiss Bank SEBA has taken a significant leap forward by securing permission to conduct cryptocurrency operations in Hong Kong. On Wednesday, the Hong Kong regional branch of the Swiss crypto bank received an approval-in-principle (AIP) from the city’s securities regulator. This marks the initial step towards becoming a licensed virtual asset service provider in the...Read More
Bitcoin has wiped off all the gains it made after the Grayscale victory over the SEC. Leading up to the fact, several thousands of BTC were sent to crypto exchanges primarily driven by investors seeking to capitalize on the positive news as many anticipated a favorable outcome. Interestingly, this influx of BTC into exchanges shows...Read More
Decentralized ticketing platform Valicit has sold more than 230,000 tickets to the Numi metaverse’s Numi Stories Club 404 grand opening on Venom Testnet. According to a press release sent to CryptoPotato, the tickets will give players access to early multiplayer functionality in Numi’s metaverse game event. Valicit Records 230,000 in Numi’s Ticket Sales Numi, the...Read More
Needless to say, August was a colourful month. One where we didn’t just see major market movements on 18 August, but also many employing volatility in their favour, via way of futures and perpetual contracts, best employed with leverage. Earlier this month, we launched futures for CYBER and SEI, prior to their spot listing –...Read More
Elon Musk’s recent denial of the speculated “X coin” has ignited discussions within the cryptocurrency community, particularly concerning the fate of Dogecoin (DOGE). This comes after Musk took to the platform, issuing a clear and direct “No” in response to speculations about the platform having an internal token. NEWS: might be looking at launching coin...Read More
Blockchain security firm CertiK has reported that cybercriminals have targeted the crypto space and made away with over $45 million worth of crypto assets in August alone. Since the beginning of the year, the firm believes that a total of $997 million worth of crypto assets have been stolen. With an increasing number of crypto...Read More
Bitcoin (BTC) has slid back to the $26,000 price level, where it was before a U.S. court ruled in favor of digital asset management company Grayscale Investments in its lawsuit against the Securities and Exchange Commission (SEC). Crypto analytics firm Santiment noted that on-chain data shows that the digital asset has retraced its steps after...Read More
The market’s recovery is evident as various tokens embark on an upward path. Gala (GALA) receives a boost from a recent favourable court ruling in the Grayscale vs. SEC case, while Hedera (HBAR) experiences a weekly decline ahead of a token unlock. In contrast, VC Spectra (SPCT) remains unfazed by market fluctuations, delivering substantial gains...Read More
Crypto and stock trading platform Robinhood (HOOD) has executed a nine-figure buyback of its own shares from FTX’s former executives, including disgraced boss Sam Bankman-Fried and his fellow co-founder Gary Wang. The purchase secured 55,273,469 HOOD shares worth $605.7 million. Robinhood entered into the purchase agreement with the United States Marshal Service (USMS) on August...Read More
The prominent American actor Dwayne Johnson (better known as The Rock) and the talk show host Oprah Winfrey launched an initiative focused on helping those displaced by the devastating wildfires in Maui, Hawaii. The so-called People’s Fund of Maui is available for contributors from all over the globe and accepts donations in cryptocurrencies. Crypto to...Read More
Bitboy Crypto’s Ben Armstrong has released an emotional apology video after he was kicked out of the company. His wife, Bethany, accompanied the infamous crypto influencer in the emotional video shared on the BitBoy Crypto YouTube channel. In it, Armstrong acknowledged making mistakes that led to his ouster from the company. Armstrong’s Apology While denying...Read More
One of the leading cryptocurrency mining companies – Stronghold Digital Mining – is reportedly planning to use tire-derived fuel (made of shredded vehicle tires) in its operations in the state of Pennsylvania. Burning such items is a toxic process that contaminates the nearby air, water, and soil. As such, it is no surprise that some...Read More
Five Ethereum liquid staking providers have implemented or are gearing up to implement a self-imposed restriction, pledging not to own more than 22% of the ETH staking market. This move is aimed at safeguarding the decentralization of the Ethereum network. According to Ethereum core developer Superphiz, Rocket Pool, StakeWise, Stader Labs, and Diva Staking are...Read More
Argentina’s technology and cryptocurrency sectors have recently surged with World ID, a project by Worldcoin, reaching an all-time high in user verifications. On Aug. 30, Argentina set a new record with 9,500 citizens verifying their identities through World ID. While this might be considered a growing crypto adoption sign by some, it’s also quite controversial...Read More
