German asset management powerhouse DWS Group, with a staggering $900 billion in assets under management, is poised to make a significant foray into cryptocurrencies. The firm is gearing up to introduce exchange-traded funds (ETFs) dedicated to digital assets for retail investors, signaling a pivotal moment in the convergence of traditional finance and the burgeoning crypto...Read More
In addition to surging in price on crypto exchanges last month, Ethereum mainnet recently reclaimed dominance over its Layer-2 chains in daily transaction volume, according to data from L2Beat. Bloomberg crypto analyst Jamie Coutts recently said, “Public blockchains hold immense potential for empowering global citizens.” The most popular apps on Ethereum are for decentralized finance...Read More
The market is getting ready for yet another month of token unlocks. Data suggest that there were substantial unlocks exceeding $10 million in November, featuring tokens such as SUI, IMX, HFT, APT, APE, AVAX, OP, and others. Nearly $400 million worth of assets will enter circulation following the unlock events. Token Unlock: November Edition According...Read More
In a recent revelation, Elastic Security Labs has uncovered a sophisticated cyber intrusion by North Korean hackers believed to be associated with the Lazarus group. This incident, tracked as REF7001, involved the use of a new macOS malware named Kandykorn, which has been specifically designed to target blockchain engineers involved in cryptocurrency exchange platforms. North...Read More
Amir Bruno Elmaani, famously known in the cryptocurrency world as “Bruno Block” and the founder of the Oyster Protocol has been sentenced to four years in prison for tax offenses amounting to over $5.5 million. The United States Attorney for the Southern District of New York, Damian Williams, announced the verdict, highlighting the severity of...Read More
Bitcoin is a store of value currency and inflation hedge likable to “exponential gold,” wrote Jurrien Timmer, Head of Global Macro at Fidelity, in a post to X on Wednesday. The analyst argued that both Bitcoin and gold boast distinct but attractive risk/reward ratios right now and that both may be players on the “same...Read More
The new rules require companies to conduct AI safety tests and share the results with the US government. In addition, they include meeting official standards for safe AI development and clearly labeling AI-generated content. That’s worth avoiding a Skynet or Omni Consumer Products fiasco. White House Issues New Rules for AI A fact sheet released...Read More
The U.S. Securities and Exchange Commission (SEC) is calling for a conclusion to its legal battle with Terraform Labs and its co-founder Do Kwon, calling on a Manhattan judge to deliver summary judgment in the case. In the agency’s view, the evidence “is clear, undisputed and overwhelming,” that the crypto mogul violated securities laws in...Read More
In response to a substantial hacking incident on October 31, Unibot, a decentralized trading platform, has confirmed total compensation for users negatively impacted by the event. Despite a recent decrease in the value of Unibot tokens, the company remains confident of a strong recovery. Unibot Makes Traders Full As per reports, the attack led to...Read More
Shares for Jack Dorsey’s fintech giant Block (SQ) surged by 12% to $49.19 on Friday after the company published bullish third-quarter earnings figures a day prior. That includes increased Bitcoin revenue at the company’s payment subsidiary, Cash App, which reeled in 37% more income than during the same period last year. Block is Back Per...Read More
Coinbase exceeded its revenue projections by reporting $674 million in Q3, surpassing analysts’ earlier estimates. The figure surged by 14.2% year-on-year but was down by 4.8% quarter-on-quarter. During the same period, the San Francisco-based crypto giant generated $288.6 million in transaction revenue and $334.4 million in services and subscription revenue. The net loss, on the...Read More
On-chain data shows that the Solana network has surpassed the layer-2 Ethereum-based scalability blockchain Polygon in daily decentralized exchange (DEX) trading volume. According to charts on the digital assets data platform Artemis XYZ, Solana currently has a daily DEX trading volume of $240.47 million, while Polygon sits at $137.49 million. Solana Flips Polygon In Daily...Read More
In the highly volatile realm of cryptocurrency trading, an astonishing $110 million worth of long positions have been liquidated within a mere 24 hours. Bitcoin and Binance have emerged as the primary contributors to this sweeping wave of liquidation. This dramatic surge of liquidation follows a tumultuous rollercoaster ride in crypto prices. Bitcoin’s value soared...Read More
Ever since a US judge ruled in July that XRP tokens are not securities, the SEC has been the underdog in its long-running feud with Ripple Labs. Meanwhile, a new development strikes a blow against the SEC’s standing with the government. The US Government Accountability Office ruled Tuesday that the Commission violated oversight rules with...Read More
Visa, a global leader in payments technology, has marked a significant milestone by completing a pilot test in collaboration with HSBC and Hang Seng Bank. The program, a part of the “Digital Hong Kong Dollar” pilot organized by the Hong Kong Monetary Authority (HKMA), opens new horizons for secure and efficient financial transactions. Transforming Interbank...Read More
MicroStrategy’s Executive Chairman Michael Saylor spoke with CNBC on Thursday about the future of regulation and corporate adoption for Bitcoin (BTC), shortly after his company announced a $5.3 million BTC purchase last month. While the billionaire maintained that “you can never have too much Bitcoin,” he also claimed that “big banks” will be necessary for...Read More
Europe’s leading Bitcoin miner and data cloud provider – Northern Data – announced securing EUR 575 million (worth over $609 million) debt financing facility from stablecoin issuer, Tether after entering into a loan agreement. The facility, operating under standard market conditions, is unsecured and set to mature on January 1, 2030, and is expected to...Read More
The crypto wallets associated with the now-defunct crypto exchange FTX and its sister trading firm, Alameda Research, persist in diversifying their investments across various altcoins on numerous crypto exchanges. According to Spot On Chain data, FTX and Alameda’s addresses recently transferred nine assets amounting to $46 million to Kraken, Binance, and Coinbase once again. FTX...Read More
PayPal Holdings, the financial giant that made headlines by adopting digital currencies for payments and transfers, is now facing a new development. The company revealed that it has received a subpoena from the U.S. Securities and Exchange Commission (SEC) regarding its PYUSD stablecoin. PayPal Faces SEC Subpoena Over PYUSD Stablecoin This revelation came to light...Read More
In a recent development, three Bitcoin whale addresses have come to life after lying dormant for nearly six years. On November 2, these addresses moved 6,500 Bitcoins, equivalent to approximately $230 million at current market rates, to new addresses. Bitcoin Whales Resurface Moving $230 Million in Bitcoin Three Bitcoin whale addresses have recently transferred 6,500...Read More
Investment research firm Bernstein has predicted that bitcoin (BTC) could soar to $150,000 within the next two years. According to a CNBC report, Bernstein analyst Gautam Chhugani said in a research note that BTC’s predicted surge would be due to optimism surrounding the spot Bitcoin exchange-traded fund (ETF). BTC to Hit $150K in 2025 Chhugani...Read More
Major business intelligence company MicroStrategy continues to accumulate more bitcoin, as it just announced an additional 155 BTC purchase for over $5 million in October. The firm, which remains the largest corporate bitcoin holder in the world, currently holds 158,400 BTC. MicroStrategy’s former CEO and bitcoin proponent Michael Saylor announced the October purchase on X,...Read More
Data from previous crypto market cycles suggests that Bitcoin (BTC)’s dominance over altcoins will likely keep rising over the next several months, according to Glassnode. In a newly published report, the blockchain and market intelligence outlined how the leading crypto asset’s dominance is shaping up against the second largest crypto, Ethereum (ETH), compared to previous...Read More
The founders behind the once multi-billion dollar cryptocurrency, SafeMoon (SFM), have been charged with multiple counts of fraud and conspiracy by U.S. government, with accompanying charges from the Securities and Exchange Commission (SEC). On Wednesday, founders Braden John Karony (aka “CPT_HODL_T_MUN”) and Thomas Smith (aka “papa”) were arrested in Provo, Utah and Bethlehem, New Hampshire,...Read More
In 2023, Bitcoin has delivered remarkable gains, surpassing the initial recovery phase and resuming an upward trajectory. The crypto-asset’s price has been hovering a little over $34,000 as it continues to ride on the coattails of spot ETF hype. But it is approaching the overheating zone, something that investors should pay attention to. According to...Read More
Frax Finance, a prominent decentralized cross-chain protocol, has warned its users, urging them not to use the frax.finance and frax.com domains until further notice. The company’s founder, Sam Kazemian, has advised caution, emphasizing resolving the domain name issue before resuming normal operations. Frax Finance Faces Domain Hijacking The incident occurred early Wednesday when Frax Finance’s...Read More
Taiwan’s law enforcement agencies busted what could be the largest cryptocurrency-related money laundering case in the region, involving 324.2 million USDT. The Criminal Bureau’s Electronic Investigation Team of Taiwan has confiscated numerous pieces of evidence, including a Lamborghini, a LEXUS LM, three high-end timepieces, work-related mobile phones, and narcotics. Taiwan’s Biggest Ever Crypto Bust According...Read More
Coinbase launched Base as an Ethereum layer-2 network earlier this year, marking a milestone as the first publicly traded company to launch such a network. Since making the network available for everyone on August 9, Base has witnessed significant growth. New data suggest increased token holders on the Base ecosystem. According to the crypto analytic...Read More
According to Spot On Chain, addresses related to FTX and Alameda transferred $13.6 million to Binance and Coinbase on November 1. This development comes as Sam Bankman-Fried’s case continues on allegations of fraud and money misuse, among others. Massive Deposits of EVM Tokens Continue FTX deposited $8.12 million worth of three assets to Coinbase earlier...Read More
An alliance of forty nations has united under the leadership of the United States to combat the growing threat of cybercrime. In a bold move, a high-ranking White House official introduced the International Counter Ransomware Initiative, which seeks to dismantle the financial lifelines that enable hackers to carry out their criminal activities. Forty Nations Unite...Read More
