For the sixth straight week, digital asset investment products experienced outflows, amounting to $9 million in the previous week. While this is significantly lower than the previous week which was characterized by sour investor sentiment with extensive outflows, the weekly trading volumes remained sluggish at just $820 million, significantly below the year-to-date average of $1.3...Read More
Earlier this summer, Binance was required to wind down operations in Belgium due to a warning from the FMSA, the country’s principal financial regulator. Previous Dispute With Regulator The FMSA’s warning was, according to the regulator, wholly unrelated to the legal dispute currently underway across the pond. Instead, the watchdog expressed concern over Binance’s practice...Read More
The residents of Texas can now settle their solar panel bills in various cryptocurrencies, including the popular memecoin Shiba Inu (SHIB). Numerous analysts have previously argued that mass adoption is among the essential factors in increasing the price of the coin. Paying Bills in SHIB The offering became available after the blockchain payment system FCF...Read More
Remilia Corporation’s Creative Director and Artist, Sprite Bonkler, has announced that Remilia’s co-founders have filed a lawsuit against one of Milady’s founders, Charlotte Fang, and the Delaware Limited Liability Companies (LLCs). Charlotte has been accused of orchestrating a plan to take over Remilia’s functions, resources, and a vast collection of important digital assets. Allegations Against...Read More
John E. Deaton – a US attorney who represents thousands of XRP investors in the lawsuit between Ripple and the SEC – criticized the agency for one of its latest moves. Specifically, the regulator opposed a reorganization plan presented by Coinbase, according to which customers of the now-bankrupt crypto lender Celsius Network could be reimbursed...Read More
Elliptic, a leading blockchain analytics firm, has uncovered a network of 100 individual suppliers facilitating the illicit fentanyl trade by smuggling the precursor chemicals needed to synthesize fentanyl. The criminals have also been using cryptocurrency, specifically Bitcoin, Ethereum, Tron, and Monero, to make payments, facilitating the transfer of funds from buyers to suppliers, with the...Read More
Two exciting projects recently gained attention are Shibarium and Shiba Budz (BUDZ) TreeHouse gaming. Shibarium, a layer 2 scaling solution, has released MathWallet integration, while Shiba Budz (BUDZ) has introduced its TreeHouse gaming platform. These advancements have sparked interest among cryptocurrency enthusiasts and gamers alike. This article will explore how these developments will attract gamers...Read More
The Seychelles-registered cryptocurrency exchange OKX released its 11th consecutive monthly Proof of Reserves (PoR) report which encompasses 22 commonly used digital assets and shows balances of $11.2 billion in primary assets. OKX is the only crypto exchange that has made it a ritual to publish PoRs for almost a year with which the platform revealed witnessed...Read More
[PRESS RELEASE – Please Read Disclaimer] 1xBit has always made giant strides towards staying ahead of the game, and its new addition of two payment methods – Arbritrum and Algorand – is enough proof of that fact. Let’s have a deeper look into the advantages of each of the payment methods to lend credence to...Read More
Two of the most popular cryptocurrencies – Ripple (XRP) and Shiba Inu (SHIB) – have achieved a major milestone as the British banking behemoth HSBC allowed their usage for specific payments. In the following lines, we will explain in detail in which cases customers can take advantage of the latest offering. XRP, SHIB, DOGE, and...Read More
UK customers of Chase Bank received concerning notices this week: the bank is banning all cryptocurrency-related payments starting October 16th. The email explicitly stated that if the bank thinks the customers are making crypto-related transactions, they will decline it. This blanket crypto payment prohibition follows similar actions by other central UK banks to restrict transactions...Read More
Bitcoin’s price has found itself trapped beneath the $27,000 mark amidst a significant decline in spot trading volumes that hit a 6-year bottom. This substantial slump in spot trading activity can be attributed to the growing fear surrounding the macroeconomic landscape. However, this downward trend in spot trading has an interesting side, according to CryptoQuant....Read More
Ben Armstrong, a well-known figure in the cryptocurrency and blockchain community, was arrested, according to records from the Gwinnett County Sheriff’s Department. The incident unfolded during a livestream in which Armstrong attempted to confront a former business partner for allegedly stealing his Lamborghini. Arrested on Livestream Cryptocurrency influencer Ben Armstrong, who used to be known...Read More
Shiba Inu’s marketing strategist has taken it to X to unveil important details of an upcoming application designed to strengthen the project’s community through connectivity, sharing, and creative efforts. LUCIE revealed details of the app called Shiba Hub – a “gateway to something extraordinary,” in their own words. With Shiba Hub, you have the opportunity...Read More
Ripple seems determined to push the legal battle with the US Securities and Exchange Commission (SEC) into a decisive victory in its favor. As such, the company recently hired a renowned lawyer who could help in that mission. Ripple Welcomes Rahul Mukhi James K. Filan – a defense lawyer and formal federal prosecutor – took...Read More
As of 26 September at 12:00 UTC, users can trade Moonbeam with up to 5x leverage on BitMEX via a new listing – GLMRUSDT. What is Moonbeam? Moonbeam’s Glimmer Token (GLMR) is the utility token of the Moonbeam network on Polkadot. Moonbeam is a smart contract platform that enables developers to build applications that operate...Read More
Crypto analytics platform Santiment has found that the ratio of Bitcoin discussions among market participants has plunged to a three-month low, while traders have been distracted by several altcoins. According to a Monday post on X, traders are afraid of missing out on pumps of smaller crypto projects and have sidelined Bitcoin to focus on...Read More
Chainlink, a decentralized oracle network, has addressed concerns raised by the crypto community about a recent alteration in its multisig (multi-signature) wallet. The criticism arose after users, including well-known crypto researcher Chris Blec, noticed a quiet shift in the number of signatures required on the multisig wallet from 4-of-9 to 4-of-8. Crypto Community Questions Chainlink’s...Read More
