The Japanese cryptocurrency exchange GMO Coin, which operates under the umbrella of the IT giant GMO Internet Group, vowed to distribute SGB tokens to certain XRP investors by the end of this month. In the following lines, we will outline the exact amount of distribution each investor should expect, as well as other essential details...Read More
Bankrupt crypto exchange FTX has filed a lawsuit against the former employees of its Hong Kong affiliate Salameda, seeking to recover more than $157 million fraudulently taken by them. According to a filing with the United States Bankruptcy Court for the District of Delaware, the defendants leveraged their connections to FTX employees and skipped a...Read More
Binance has seen immense activity on one of its Ethereum hot wallets in recent weeks. However, things got heated up on September 21st as a result of high on-chain activity by the Binance 14 wallet. The hot wallet, in question, spent an astonishing 530 Ether in gas fees, worth around $840k, in a span of...Read More
Nansen, a prominent on-chain analytics platform, has issued a security warning to its users following a security breach originating from a third-party vendor. The security compromise allowed hackers to steal password hashes of Nansen users, prompting an immediate investigation. Nansen’s Users’ Password Hashes Compromised in Attack On Sept. 20, Nansen was alerted to a breach...Read More
Shibarium’s Marketing Strategist, using the X (Twitter) handle LUCIE, claimed they are not paid to post articles endorsing Shiba Inu (SHIB) and its surrounding developments. A ‘Stupid Rumor’ LUCIE outlined that assumption as “the silliest stupid rumor” about SHIB. They claimed the memecoin gets mentioned because people have displayed huge interest in it and not...Read More
Decentralized finance (DeFi) protocol Linear Finance has fallen victim to an attack that resulted in the complete depletion of liquidity in its Linear USD (LUSD) token. Following the incident, Linear Finance’s team apologized to the community and implemented various safety measures. LUSD Price Collapses to Zero On Sept. 21, Linear Finance announced it had experienced...Read More
In the past day, Terra Luna Classic experienced a significant uptick, breaking through key resistance barriers, sparking hope for a potential bullish surge. While LUNC claimed the title of ‘top gainer’ today, it’s now struggling with maintaining its upward momentum due to unfavorable on-chain signals. This has led to rising concerns of a sharp drop,...Read More
A United States judge has approved the Justice Department’s (DOJ) motion to bar all witnesses proposed by Sam Bankman-Fried (SBF), the founder and former CEO of bankrupt cryptocurrency exchange FTX, from testifying at his upcoming trial. According to an order filed with the U.S. District Court for the Southern District of New York, Judge Lewis...Read More
In a recent interview held by Bloomberg, SEC chairperson Gary Gensler was found to disrespect the decision of the Court by advocating his view of applying security laws to cryptocurrencies. Stuart Alderoty, the Chief Legal Officer of Ripple, condemned his statements in a tweet. Ripple has been fighting consistently to bring legislative clarity to cryptocurrency...Read More
Shiba Inu developer Kaal Dhairya issued a stark warning to investors to refrain from trading services with the memecoin Calcium (CAL). The asset saw the light of day earlier today (September 22) and quickly amassed a market capitalization of almost $4 million. Its price performance, though, went on a downtrend in the following hours. The...Read More
SBF had previously violated his bail conditions in minor ways, such as by using VPNs to watch football games. Although the court did not constitute such relatively innocuous breaches as enough of a reason to reverse his bail, it nevertheless put them on guard against further infractions. However, it later turned out that he had...Read More
Bitcoin’s ownership distribution is a critical indicator of market dynamics. According to the latest analysis from Santiment, some intriguing shifts in Bitcoin ownership patterns have emerged, shedding light on the evolving dynamics within the crypto market. The crypto analytics firm revealed that Bitcoin’s non-whale wallets have not hit a new peak. Bitcoin Non-Whale Addresses Peak...Read More
In a new turn of events, the defunct crypto exchange platform FTX earmarked September 29, 2023, at exactly 4 PM ET as the final deadline for creditors registering their proofs of claims through the designated portal. This strategizing maneuver forms part of FTX’s blueprint to streamline the claims process and ensure that all stakeholders have...Read More
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) remains a trend in the crypto space. Both entities have fired multiple shots at each other in the past three years, with the crypto company currently having the upper hand. In this article, we will observe the most recent developments around...Read More
The last couple of days have witnessed several developments and comments regarding three of the most popular cryptocurrencies: Shiba Inu (SHIB), Ripple (XRP), and Bitcoin (BTC). In the following lines, we will touch upon each asset. Starting With SHIB The self-proclaimed Dogecoin killer, specifically its layer-2 scaling solution Shibarium, has been in the spotlight once...Read More
The crypto industry is currently in a precarious position, teetering on the edge of uncertainty. Without swift action, it risks a potential downfall. The US government’s stance towards most crypto assets, excluding Bitcoin, is hostile. Even more concerning is the mounting pressure on companies embracing the trend of relocating outside the US in search of...Read More
On Sept. 21, the company submitted a 60-page petition asserting that the financial regulator overstepped its authority when it sued them. The SEC sued Binance in June, alleging a range of misdemeanors, including mishandling customer funds, misleading investors and regulators, and violating securities rules. Binance and CZ have accused the SEC of “attempting to impose...Read More
Ripple’s case against the US Securities and Exchange Commission is perhaps the most important lawsuit for the cryptocurrency industry, or at least ranking high up that list. The company scored a major win against the Commission earlier this year, but at what cost? Ripple’s Partial Victory v. SEC Back in July, the presiding judge, Analisa...Read More
Last week in Singapore wasn’t just a diary note for Asia’s most vibrant crypto congregation – it marked a moment where true believers and the resilient assembled. Sure, it might have felt like a bear market in Europe and the United States, but it wasn’t the case in Asia, where over 10,000 attendees packed the...Read More
