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
Shibarium’s Marketing Strategist, going by the handle LUCIE on X (formerly known as Twitter), believes the layer-2 scaling solution has so far been a major target of so-called “hype” investors. As such, they assumed the project was is poised to prosper once “serious” investors shifted their focus on it. Time for a ‘Real Growth’ LUCIE...Read More
Aditya Baradwaj, a former engineer at the bankrupt cryptocurrency trading firm Alameda Research, has revealed that the company was behind bitcoin’s 87% plunge in 2021. Baradwaj explained the events that led to the sudden drop, saying the incident was a result of a work philosophy established by Alameda’s co-founder Sam Bankman-Fried (SBF), which maintained that...Read More
The Bitcoin network is currently dealing with an increase in transaction congestion, with data from the Mempool indicating a backlog of over 470,000 pending transactions. Somewhat expectedly, this has resulted in the transaction fees on the Bitcoin Network fluctuating quite severely. Bitcoin Transaction Fees Fluctuate Mempool data reveals that the Bitcoin Network is experiencing the...Read More
Binance CEO Changpeng ‘CZ’ Zhao has refuted a recent report alleging that he received a $250 million loan from BAM Management, the company that serves as the holding entity for Binance.US. The development comes amidst Binance’s struggles with plunging trading volume as the world’s largest cryptocurrency exchange faces mounting lawsuits and increased regulatory scrutiny. CZ...Read More
Shiba Inu’s layer-2 scaling solution continues to smash records in terms of transaction volume and network growth. In the following lines, we will take a closer look at the most recent achievement that Shibarium completed. Shibarium Transactions Growing at a Fast Pace As revealed by Shibariumscan, the total number of transactions on the L2 blockchain solution...Read More
In an ongoing saga that has gripped the cryptocurrency world for almost a decade, Nobuaki Kobayashi, the trustee overseeing the bankruptcy proceedings of Mt. Gox, just recently announced a one-year deadline extension for repaying creditors. According to a court document released on Sept. 21, Kobayashi outlined his hopes that repayments to creditors who have actively...Read More
Ripple intends to increase its headcount in the following months. However, the United States of America is not a market that it will touch upon. In the following lines, we will pinpoint the destinations that will witness such expansion. Ripple to Strengthen its Presence in Asia and Europe The pro-XRP lawyer John Deaton said he...Read More
Balancer, an Ethereum-based decentralized protocol, said that the platform regained control of its domain and is secure shortly after hackers attacked its frontend. According to Balancer, a social engineering attack was responsible for the latest incident. Balancer recently suffered a Domain Name System (DNS) attack, with the firm warning users to stay away from the...Read More
Troubles for JPEX may not be over yet. The Hong Kong-based crypto platform – JPEX – has come under scrutiny as a potential hub for money laundering, according to Bitrace. The development emerged after JPEX came under suspicion for a potential rug pull. JPEX Money Laundering Accusations Bitrace’s report alleged that a recently flagged address...Read More
The native token of Ripple – XRP – has topped another recent ranking by becoming the most traded alternative coin on US-available cryptocurrency exchanges this year. The asset and its surrounding developments have been among the trendiest topics in the crypto community lately, possibly playing a role in the increased trading volume. Leaving DOGE and...Read More
On Sept. 19, Eclipse announced a new L2 architecture, which will leverage the Solana Virtual Machine while operating on Ethereum, hence bringing the advantage of the former’s speed and scale in transaction settlement. The newly promoted L2 architecture aims to redefine the scaling world by touching on areas like Ethereum settlement, execution using SVM, availing...Read More
After announcing its new payment stablecoin last month, PayPal revealed on Wednesday that Paypal USD (PYUSD) is now available to Venmo users for transacting with peers. Initially available to “select users,” access will expand to all Venmo users in the coming weeks, according to the company’s announcement. Venmo, a mobile payments app owned by PayPal,...Read More
Incoming reports indicate that Sam Bankman-Fried’s legal team is readying their arguments for a pretrial release hearing before the U.S. appeals court on Tuesday as the billionaire founder of the defunct exchange FTX prepares for his trial on Oct. 3. Bankman-Fried’s initial plea was overruled last month as the prosecutors argued that the defendant had...Read More
Despite Ether’s significant price rally since the beginning of the year, there has been an evident downtrend in terms of investors holding over 1,000 ETH. Based on a Glassnode analysis, the total number of Ethereum addresses owning 1,000 or more ETH has dropped to a 5-year-low of 6,082. In comparison, there were over 8,000 such...Read More
Circle, a stablecoin issuer, has introduced the USDC stablecoin into the Polkadot ecosystem of parachains. This move signifies a significant extension of the accessibility of this dollar-backed stablecoin across different blockchain networks. As detailed on Circle’s official website, developers and users can now readily access Polkadot USDC. That means the stablecoin can be seamlessly transmitted...Read More
Rich Dad, Poor Dad’s Robert Kiyosaki has once again voiced his support for bitcoin (BTC), gold and silver. This time, the author noted that he considers questions he has received about the future prices of BTC, gold, and silver to be silly and that the most important one should be how much of the assets...Read More
NONE, a top-tier suite of trading tools for cryptocurrencies and NFTs, will cease operations, partly due to an exploit on Sept. 18 in which the None deployer lost 41.52 ETH in addition to NONE tokens. According to CertiK Alert, a blockchain security firm, the incident appears to be a phishing incident. The exploit involved the...Read More
South Korea’s tax agency announced today that taxpayers have declared overseas cryptocurrency assets worth 130.8 trillion won ($98.5 billion) this year following the introduction of mandatory reporting requirements. This shows a rise from the previous year’s figures, indicating the increasing importance of cryptocurrencies in the country’s financial landscape. Report Reveals $98.5 Billion in Overseas Crypto...Read More
Crypto exchange CoinEx, which suffered a hack earlier this month, announced that it is resuming deposits and withdrawals for its users on September 21st. The platform has outlined its intention to finalize the reconstruction and deployment of its wallet system during this timeframe. According to the official update, the exchange will resume operations involving wallets...Read More
Another dormant Ethereum address has woken up from a slumber after four years. The wallet received approximately 2,594 ETH on November 27th, 2018, worth at the time $285,836. In recent weeks, several whale addresses, which were previously inactive, had been waking up. This coincided with a slight positive change in the crypto market after weeks...Read More
On September 19, Grayscale Investments filed with the Securities and Exchange Commission for a new ETF tracking Ethereum futures. The firm has filed under both securities acts, the Securities Act of 1933 and the Investment Company Act of 1940, reported the WSJ. This is worth noting because the SEC has approved Bitcoin futures ETFs registered...Read More
Three of the leading cryptocurrencies in terms of market capitalization and popularity – Bitcoin (BTC), Ripple (XRP), and Shiba Inu (SHIB) have recently achieved various milestones. In the following lines, we will pinpoint these advancements as well as shed more light on possible upcoming developments. XRP’s Milestone As CryptoPotato reported a few days back, the total accounts...Read More
Bitcoin witnessed an extraordinary surge in transaction volume in the past week, coinciding with a mild increase in its price, which broke away from a constrained trajectory. According to recent data by IntoTheBlock, the number of reported transactions for Bitcoin rose to nearly 703,000, representing the largest number recorded not just in 2023 but also...Read More
Blockchain Capital has announced the successful closure of two new funds, raising a total of $580 million. The latest funding round comprises the firm’s sixth early-stage and first opportunity funds, achieving the largest fundraiser in its ten-year history. Blockchain Capital Secures $580 Million in Funding Blockchain Capital, a prominent venture capital group, announced the successful...Read More
It is safe to say that Binance US – the American subsidiary of the world’s leading cryptocurrency exchange – has passed through turbulent times, witnessing considerable customer withdrawals and diminished trading volume in the past several months. According to the market data provider Kaiko, weekly trade volumes on the platform have recently plunged to a...Read More
The move appears to be a part of a wider push to offer digital assets to institutional clients. The tokens represent a claim against the bank and are processed on a private blockchain owned and managed by Citigroup. Clients can access the service through existing bank systems, according to reports on Sept. 18. Global head...Read More
Despite false testimony from a prosecution witness linked to the “Cryptoqueen” fugitive Ruja Ignatova, the lawyer who funneled $400 million from the OneCoin cryptocurrency fraud, Mark Scott, will not receive a new trial. US District Judge Edgardo Ramos, in a ruling on Monday, rejected Scott’s request for a fresh trial. The 54-year-old had been found...Read More
Asset management giant BlackRock expects the Federal Reserve to keep its policy interest rate flat at its next Federal Open Markets Committee (FOMC) meeting on Wednesday. The prediction is in line with market expectations and is suspected by analysts to offer Bitcoin (BTC) a meaningful short-term price boost. BlackRock’s Fed Forecast According to Marilyn Watson...Read More
Cosmos-based layer-1 blockchain – Canto – is migrating to a zero-knowledge layer 2 on Ethereum powered by Polygon Chain Development Kit (CDK). The move aligns with Canto’s plans to build a blockchain dedicated to real-world assets. The development comes amidst a significant shift in the Ethereum layer-2 space. Migration to Ethereum ZK-powered L2 Canto is...Read More
