The recent eye-catching post calling the demise of non-fungible tokens (NFTs) has stirred strong reactions in many. The NFT sector, in general, witnessed a significant slump owing to the broader market downturn. However, a recent CoinGecko report presents a contrasting perspective. CoinGecko Weighs in on NFT Market The NFT that boasts the highest popularity on...Read More
US-based cryptocurrency exchange giant Coinbase continues to push forward with its efforts to seek regulatory clarity for the crypto industry, claiming that the current enforcement approach by regulators stifles innovation and puts global leadership at risk. The company has launched a new campaign to mobilize over 50 million crypto holders in the United States to...Read More
In a significant step towards tackling cybercrime and bolstering global security efforts, the IRS Criminal Investigation (CI) recently collaborated with international counterparts to provide advanced training to Ukrainian law enforcement officers. The focus was on the intricacies of cryptocurrency and blockchain tracing. Strengthening Global Efforts Against Crypto-Enabled Crime Expanding on the previous successful cyber training...Read More
The Bank of Russia is contemplating 2025 to be the year when the digital ruble, the local central bank digital currency (CBDC), may see widespread adoption in the country. This move indicates the central bank’s strategic approach to modernizing the payment landscape in the nation. Olga Skorobogatova, the first deputy governor of the Bank of...Read More
The Federal Reserve has released a comprehensive working paper delving into asset tokenization and Risk-Weighted Assets (RWA). As the financial landscape continues to evolve, these innovative financial instruments garner significant attention for their potential to revolutionize investment strategies and reshape traditional markets. The paper explains that tokenization, similar to stablecoins, consists of five core components:...Read More
Ethereum underwent the Shanghai upgrade to enhance network activity and strengthen the DeFi ecosystem about a year ago. However, a recent report from JPMorgan suggests the upgrade has not met expectations due to an overall decrease in the network’s activity since then. Ethereum’s Network Activity Declines Post-Upgrade The Shanghai upgrade was a milestone for Ethereum,...Read More
A dispute over Bitcoin investments took a tragic turn when a 35-year-old husband, Kritsada, shot his 31-year-old wife, Pitsamai, leading to a six-hour standoff with the police. The incident unfolded in the Uthai district of Ayutthaya province. Husband’s Bitcoin Loss Leads to Tragedy The incident began when Kritsada, agitated by a loss of 700,000 baht...Read More
Though Bitcoin (BTC) continues to trade well below its 2021 November 2021 highs, Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications chief, remains steadfastly bullish on the asset. Speaking at the Messari Mainnet conference in New York, Scaramucci expressed confidence that the worst of the bear market is now behind us....Read More
The blockchain researcher, going by the name Collin Brown on X (Twitter), assumed that the price of Ripple’s native token – XRP – could be poised for a massive increase after September 28. In the following lines, we will explain what could trigger the surge and touch upon some of the latest predictions by analysts...Read More
Marina Parthuisot, Binance’s French legal director, stated that due to the upcoming MiCA bill that has not yet approved any stablecoins, Binance is planning to delist all such assets in Europe on June 30, 2024. However, Changpeng Zhao (CZ), the CEO of Binance, has responded to this statement on X, saying that it may have...Read More
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
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
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
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
The popular cryptocurrency analyst using the X handle EGRAG CRYPTO believes Ripple’s native token has a chance to skyrocket to $1.40. The asset needs to close above a certain level “with undeniable confirmation” for this to happen. In the following lines, we will take a closer look at the exact conditions. XRP Has a Chance...Read More
On Sept. 20, the CBDC Anti-Surveillance State Act passed out of the Financial Services Committee. Republican Senator Tom Emmer said it was, “A historical step in defending against an ever-expanding government surveillance state.” The House Majority Whip has been battling against Federal Reserve moves to develop a CBDC. The first anti-CBDC bill in the United...Read More
In yet another successful phishing scheme, an unsuspecting user suffered a multimillion-dollar loss in Tether. Etherscan data revealed that $4.46 million worth of Tether (USDT) was siphoned from an unsuspecting Kraken wallet user. The stolen funds were subsequently transferred to an address concluding with “ACa7.” Another Successful Phishing Attack Details are thin about how the...Read More
Shibarium’s Marketing Strategist, going by the handle LUCIE on X (Twitter), is among the people who believe the price of Shiba Inu (SHIB) will soon head north. Previously, the developer urged investors to ignore media propaganda and fake news (also known as FUD) and keep their trust in the memecoin’s future advancement. ‘SHIB Represents the...Read More
Stablecoin giant Tether has announced a strategic investment in German-listed Bitcoin miner Northern Data Group (ETR: NB2), which the former says will be “the biggest independent AI Player in Europe.” The investment follows previous attempts from Tether to expand beyond fintech, and continues a growing trend of crypto firms diversifying into artificial intelligence. Tether’s Big...Read More
