Ripple is pushing a new upgrade to its XRP Ledger that will introduce a couple of very important features. In fact, the company’s CTO has, on multiple occasions, expressed his excitement over the upgrade and said that he’s very much looking forward to it. But this has also sparked a discussion on the impact of...Read More
Telegram recently released its self-custodial wallet on The Open Network (TON) blockchain. However, this development has sparked controversy. Following the launch, CertiK, a reputable blockchain security firm, issued a warning about the use of Telegram bot tokens. Certik’s Cautionary Message On Sept. 13, Certik released a cautionary message on social media, advising cryptocurrency enthusiasts to...Read More
The Hong Kong Securities and Futures Commission (SFC) has issued a stern warning against the use of the crypto exchange known as JPEX. The commission has accused the platform of exhibiting “suspicious features” and promoting misleading information about its licensing status. The SFC has also denied that JPEX is regulated. SFC Issues Warning Against JPEX...Read More
With new marketing regulations set to take effect in the United Kingdom next month, crypto exchange Bybit doesn’t expect to be able to continue operating within the country. The exchange’s CEO, Ben Zhou, claims that any crypto firm within U.K. borders may be held accountable for solicitation simply for using the English language. Troubles With...Read More
Coinbase, one of the world leaders in crypto services, is currently battling accusations of improper conduct in U.S. courts. The platform’s legal representatives have denied any wrongdoing, even going so far as to request the dismissal of the case. In spite of the accusations, Coinbase – and the platform’s CEO, Brian Armstrong – are generally...Read More
Shiba Inu is undoubtedly one of the most popular cryptocurrency projects. But what’s interesting about it is that it boasts a tremendous base of retail investors as part of its community. That said, retail investors tend to be the perfect target for a number of bad actors. And, in the crypto industry, scammers are becoming...Read More
Following a significant sell-off triggered by FTX’s crypto liquidation news, Bitcoin is now showing signs of a recovery rally. In recent hours, the price of BTC has been climbing steadily, fueled by renewed investor interest in buying the dip. Additionally, current on-chain data points toward the potential for a sharp upward trend for Bitcoin by...Read More
Sui Foundation – the organization behind the development of Sui Network – announced the launch of zkLogin, a Web3 authentication solution that enables end users to log in to decentralized applications (dApps) using their familiar social accounts. According to the official press release, zkLogin will grant developers the capability to allow users to authenticate themselves...Read More
CertiK has revealed transactions connecting the breaches at Atomic Wallet, Alphapo, CoinsPaid, Stake.com, and CoinEx that show Lazarus Group’s involvement in these exploits. This comes while the digital community is reeling from various cyber attacks that have affected several major Web3 entities. On-Chain Connections The infamous Lazarus Group, supported by North Korea, is still causing...Read More
The crippling space of Binance US faced a critical decision regarding its future. Here’s the inside scoop on what transpired: The company explored the possibility of selling shares held by Binance co-founder Changpeng Zhao (CZ) to stay on track with its growth plans. However, it ultimately opted to reduce its workforce by one-third instead. Is...Read More
Movement Labs, a community-driven technology company, has completed its pre-seed fundraising round and the launch of a tool from the Movement software development kit (SDK) on the Avalanche blockchain. According to a press release sent to CryptoPotato, Movement Labs raised $3.4 million through the pre-seed round to enable the advancement and adoption of Move, a...Read More
The decentralized social media platform – Friend.tech – witnessed over $18.51 million in trading volume on September 13th, hitting a new peak. Data from Dune Analytics further suggested that the fees generated as a result also recorded a new high of $1.9 million on the same day. The resurgence coincides with the emergence of reports...Read More
Genesis and its parent company, the Digital Currency Group (DCG), have proposed a compensation plan for over 230,000 retail creditors. This move aims to relieve users of Gemini’s Earn Program and is to be voted on later this year, potentially resulting in creditors recovering between 95-110% of their claims. Genesis Earn Users to Get Potential...Read More
Despite a lull in the broader crypto market, the industry is buzzed with excitement as heavyweight financial institutions throw their hats into the ring for a spot Bitcoin ETF. The latest one to join the race is – Franklin Templeton. In the fast-paced world of crypto, nothing lasts for a very long time. This also...Read More
Following the collapse of Three Arrows Capital, co-founders Zhu Su and Kyle Davies dropped off the map. Since then, they’ve occasionally resurfaced on X to make oblivious and out-of-place posts excusing them of any wrongdoing and to announce the launch of their new business ventures, namely the exchange platform OPNX and a new hedge fund...Read More
Bankrupt cryptocurrency exchange FTX has been approved by the bankruptcy court to liquidate its crypto assets worth $3.4 billion. Meanwhile, the company’s former CEO, Sam Bankman-Fried, may stay in prison until his scheduled trial in October after a US Judge denied his requests for a pretrial release. Judge John Dorsey of the US Bankruptcy Court...Read More
Russia is working on ways to legalize and regulate decentralized financial organizations, popularly known as DAOs, to bring more liquidity within the local Digital Financial Assets (DFA) market. The Director of the Department of Financial Policy of the Ministry of Finance, Ivan Chebeskov, made the comments at the Crypto Summit 2023. Russia Legalizing DeFi DAOs...Read More
Binance the crypto giant is facing legal trouble, senior resignations, and even DOJ investigations. Binance’s token, BNB, is taking a hit. Could it be that Binance is selling Bitcoin from its balance sheet to support its token? In a recent X post, Deaton is now wondering if Binance will challenge the SEC’s decision to keep...Read More
Some of the most trending memecoins in the past few months – SHIB, BONE, and LEASH – have captured the attention of numerous cryptocurrency exchanges. One such marketplace that recently listed the assets on its platform is the Australia-based GroveX. SHIB, BONE, and LEASH Expand to Australia The crypto exchange announced the news on X...Read More
