Brad Garlinghouse, the CEO of financial technology company Ripple Labs, has disclosed that the crypto solutions provider and developer of the Ripple payment protocol would welcome a spot exchange-traded fund (ETF) for the network’s native token, XRP. Ripple to Welcome Spot XRP ETF Speaking on his thoughts about the current state of the crypto industry...Read More
In a recent press release addressing its Nigerian customers, major crypto exchange Binance distanced itself from the rumored currency speculation that is putting downward pressure on the already weak naira. The development comes amid reports of the cryptocurrency exchange earlier placing a cap on USDT sales on its peer-to-peer (P2P) marketplace. Binance Reportedly Under Scrutiny...Read More
Prominent crypto price-tracking website CoinMarketCap announced the first-ever CMC Crypto Awards to celebrate outstanding individuals, products, and initiatives driving the evolution of cryptocurrency and Web3, underscoring the project’s continued prominence in the crypto sphere and commitment to its community. This annual event will take place virtually from February 21st to March 6th. CMC Crypto Awards...Read More
Circle, the company behind the second-largest stablecoin in the world, has announced the end of its support for the TRON network. Although the minting of new USDC on TRON will be stopped effective immediately, support for the stablecoin on this network will continue until February 2025. 1/ We are discontinuing USDC on the TRON blockchain...Read More
According to Bloomberg, the British government is expediting the approval of new regulations for stablecoins and crypto asset staking services, aiming to have these rules passed by lawmakers within the next six months. This statement comes amidst mounting pressure to deliver concrete proposals before an impending general election. Expedited Crypto Legislation Economic Secretary to the...Read More
Tyr Capital Partners, a crypto hedge fund based in Switzerland, is facing accusations of mismanagement from an investor, according to a Financial Times report. Swiss prosecutors have initiated a search of the firm following allegations that started in August 2023 that Tyr Capital disregarded early warnings regarding the collapse of the FTX exchange. Tyr Capital...Read More
A digital Euro CBDC will be “designed for making payments, not for investment,” explained Ulrich Bindseil, Jürgen Schaaf, and Executive Board member Piero Cipollone in a blog post on Feb. 19. They added that many banks worry their customers might withdraw deposits to hold digital Euros instead. “These fears are misplaced,” they stated. The ECB...Read More
In a recent development that’s making headlines, a complete set of 10 Autoglyphs has been acquired for 5,000 ETH, equivalent to approximately $14.6 million. This sale marks the highest NFT sale in the past two years and stands as the fifth-largest purchase on-chain, setting a new benchmark for the value of blockchain-based artworks. The Collection...Read More
An early investment in Worldcoin by the defunct crypto hedge fund Three Arrows Capital, otherwise known as 3AC, may prove profitable for creditors as the former’s token WLD recently reached a new all-time high (ATH), soaring nearly 200% in the last seven days. 3AC’s crypto portfolio currently holds 75 million WLD coins, making the company...Read More
With spot Bitcoin ETFs being all the rage, South Korea’s opposing party has a new trick in hand to garner support from the masses ahead of the general election on April 10. According to reports from local news media on Tuesday, the Democratic Party of South Korea is advocating for allowing local citizens to invest...Read More
Web3 infrastructure development firm COTI announced the successful demonstration of garbled circuits on the blockchain ahead of its privacy-centric Ethereum-based layer-2 network COTI V2 launch in April. According to a press release sent to CryptoPotato, COTI deployed the Garbled Circuits in collaboration with its partner Soda Labs, creating a mechanism that performs the computations using...Read More
Bitcoin climbed above $52,000 last week, a level not seen since December 2021, catapulting the collective crypto market cap to an astonishing $2 trillion. Several altcoins have reacted positively to this uptrend, closely following the trail of the leading crypto asset. A prominent metric indicates a higher-than-average risk associated with purchasing or initiating new positions...Read More
ETH has been one of the best-performing assets lately, witnessing a remarkable surge above $2,900 as it reached its highest point in almost two years. Currently, Ethereum futures traders appear to be increasingly confident about the leading altcoin’s trajectory. This was evident by the significant surge in open interest which reached its peak to levels...Read More
Amidst a meaningful market recovery, digital asset investment products welcomed a record weekly inflows of $2.45 billion. This pushed year-to-date inflows to now at an impressive $5.2 billion. These numbers, combined with recent favorable price trends, have pushed the total assets under management (AuM) to $67 billion, the highest level since December 2021. Solana Faces...Read More
Rabby Wallet is a somewhat popular crypto wallet made by Debank that has been around for a while now and boasts support for 141 chains and multiple signing modes. On the 16th of February, the company behind Rabby Wallet announced the launch of the beta version of its mobile app. Unfortunately for fans of the...Read More
South Korea’s ruling People Power Party is reportedly advocating for a further two-year taxation postponement on cryptocurrency investment gains, which appears to be part of the party’s campaign for the general election coming in April. Notably, the program was scheduled earlier for 2023 and rescheduled to January 2025, and the current People Power Party request...Read More
Vitalik Buterin has taken to social media to express his anticipation for the imminent integration of “Verkle trees” onto the Ethereum blockchain. He emphasized that this advancement will enhance the functionality of staking nodes, decrease disk space requirements, and elevate the overall user experience. Enhanced Efficiency and Decentralization In a recent post on the social...Read More
An unidentified trader has successfully generated a profit of $176,000 from a modest initial investment of 0.049 ETH, valued at just $137 at the time. Per analysis by Lookonchain, the trader initially utilized 0.049 ETH to acquire 16 million SORA tokens. Trader Nets 1280x Return The trader then made a strategic move by selling 12.36...Read More
Grayscale GBTC’s outflows have been experiencing outflows. Data shows that as of February 16th, the total funds withdrawn from GBTC since its conversion to a spot Bitcoin ETF have amounted to $7 billion. While the figure appears to be slowing down considerably, the once-premier fund is seeing stiff competition from ETFs by BlackRock and Fidelity,...Read More
ETH has been experiencing a surge alongside the overall market’s rebound, climbing nearly 20% in the last week. With a significant rise approaching $3,000, the altcoin’s price increase has been backed by substantial accumulation by whale entities. The buying spree by influential investors of the altcoin reflects the growing confidence as the industry anticipates the...Read More
It has been more than two years since the popular Laser-eye movements took over Crypto Twitter (X) when numerous Bitcoin proponents believed the asset will inevitably hit $100,000 after it had surged past $50,000 and $60,000. However, as everyone who has followed even remotely the industry knows, that didn’t happen. Just the opposite, the landscape...Read More
On Feb. 18, the FixedFloat team confirmed that the platform was hacked after blockchain sleuths reported the spurious crypto movements. “We confirm that there was indeed a hack and theft of funds,” it stated in response to a post on X revealing the exploiter’s address. However, no further details were provided, with the team stating,...Read More
The United States Attorney’s Office for the Southern District of Florida has unveiled charges against Adam Todd, the founder and CEO of crypto futures trading platform Digitex Futures Exchange, alleging that he intentionally caused his company to violate the Bank Secrecy Act. According to an official announcement, Todd illegally operated Digitex as an unregistered crypto...Read More
The Financial Conduct Authority (FCA) has issued 450 warnings to companies unlawfully promoting cryptocurrency assets from October 8, 2023, to December 31, 2023. The regulatory agency is currently collaborating with technology firms to eliminate and block unauthorized advertisements across various platforms like websites, mobile apps, and social media accounts. This effort led to the removal...Read More
South Korea has witnessed a surge in crypto trading, particularly following a market recovery. Correspondingly, authorities in the country received almost 49% more alerts of potentially suspicious transactions from crypto service providers in 2023 compared to the previous year. A paper from the Financial Intelligence Unit (FIU) revealed that South Korea logged 16,076 instances of...Read More
The Angel Drainer phishing group reportedly pilfered over $400,000 from 128 crypto wallets using a new tactic. A recent analysis suggests that the notorious entity exploited Etherscan’s verification tool to mask the malicious nature of a smart contract. Blockaid, a popular blockchain security company, disclosed on X (formerly Twitter) that the attack kicked off at...Read More
Robinhood’s quarterly results are in – and they have once again beaten expectations, if only by a marginal amount. Although Robinhood has by no means been spared the aftershocks felt throughout the crypto market and the larger economic sector, things are looking up for the popular trading firm. Revenues Are Up, Costs Are Down Overall,...Read More
Bitcoin (BTC) recently soared past the $50,000 mark for the first time since December 2021 and has remained on the rise, currently trading above $51,900. Analysts from on-chain intelligence platform CryptoQuant have attributed the asset’s rise to high demand from the recently approved spot Bitcoin exchange-traded funds (ETFs). According to CryptoQuant’s latest weekly report, an...Read More
Bitcoin’s start of 2024 has been quite impressive not only in price movements but also in terms of global adoption following the approvals of nearly a dozen spot BTC ETFs in the US. With the fourth halving scheduled to take place in about two months, the primary cryptocurrency is expected to have a highly positive...Read More
The Hedera Council announced a new partnership with food giant Mondelēz International, the company behind popular brands such as Toblerone, Cadbury, and Oreo. As the governance body for the Hedera public network, the council will assist Mondelēz in developing distributed ledger technology solutions for internal use. Currently, the Hedera network is governed by a wide...Read More
