The popular cryptocurrency analyst, going by the name “KALEO” on X (Twitter), is optimistic that the price of Ripple’s native token – XRP – will soar in the near future. The forecast is based on the outcome of the lawsuit between the crypto firm and the United States Securities and Exchange Commission (SEC). ‘I’m Long...Read More
The Hong Kong police have apprehended six individuals in connection with the cryptocurrency trading platform JPEX, which shuttered its operations this week. According to a South China Morning Post report, the authorities arrested four men and two women, including influencer Joseph Lam Chok, following 1,408 complaints of fraud related to JPEX. Local news outlets additionally...Read More
Friend Tech aggregator creators have lost access to all chatrooms on FriendTech’s platform. The FriendBook creator, Yield Bouncer, expressed disappointment in a recent tweet, revealing a disagreement with the team at Friend Tech regarding the vision for the former’s development. To safeguard his interests and regain access to his account, @saliencexbt (Sal), a FriendBook partner,...Read More
DWF has emerged from the recent controversy, promptly and emphatically dismissing allegations made in Singapore2049 by Wintemute concerning the former’s participation in crypto market manipulation. Wintermute’s recent comments stoke the fire in the ongoing feud between the two top players in crypto markets, who have been in lock horns in the past, with the latter...Read More
Optimism, an Ethereum Layer 2 blockchain, recently announced the successful distribution of its third airdrop. Known as ‘Airdrop #3,’ it distributed 19,411,313 OP tokens, equivalent to over $26 million, to a total of 31,870 unique addresses. Optimism’s $26 million Airdrop Optimism recently took to X to announce the successful conclusion of its third airdrop, which...Read More
Sub-Saharan Africa is the region with the smallest cryptocurrency economy, representing only 2.3% of the global transaction volume from July 2022 to June 2023. During this period, the region accumulated an estimated $117.1 billion in on-chain value. No country exemplifies this better than Nigeria, according to blockchain Chainalysis, which ranks second overall on the blockchain...Read More
A dormant Bitcoin address has suddenly become active after six long years. Blockchain intelligence company PeckShield revealed through a tweet that the previously inactive address “13RLtG…PXs,” which held approximately 2,100 BTC, has been reawakened. According to data from BitInfoCharts, this Bitcoin address initially received the stash of BTC on October 19, 2017, when its value...Read More
Investor sentiment remained sour as digital asset investment products witnessed yet another week of extensive outflows. However, Bitcoin was still the most loved investment product according to the latest edition of CoinShares’ report. In the past week, digital asset investment products experienced outflows totaling $54 million, marking the fifth consecutive week of such withdrawals. In...Read More
The largest cryptocurrency by market capitalization is pre-determined to have 21 million coins ever mined. Many BTC proponents believe this anti-inflationary feature should make the asset more scarce and valuable in time. The total amount of Bitcoin produced as of today stands at almost 19.5 million, with over 15% owned by ten individuals or organizations....Read More
As the world’s leading crypto exchange continues its battle against the SEC – and other U.S. regulators – requests for extra documentation abound. Judge Accuses SEC Of Overreach Earlier this week, the SEC complained about the quality of information made available to its personnel, stating that Binance and its U.S. arm had only turned over...Read More
While XRP’s price is performing relatively well throughout the past week, adding over 6% to its dollar value, the cryptocurrency has been removed from an important list. On Monday, the New York Department of Financial Services announced that it’s taking an update to its virtual currency oversight framework. The entity included new criteria for how...Read More
The AI industry has generated a ton of hype this year, but crypto assets linked to the technology have been experiencing a slowdown. This comes amidst the persistent bear market. AI tokens are trading flat in tandem with the overall sluggish market movement but there are certain factors that may turn the tide. In fact,...Read More
Retool, a prominent software development company, has recently revealed that 27 of its cloud customers fell prey to a targeted SMS-based phishing attack. The breach has raised concerns about the security of cloud synchronization features, particularly Google Authenticator’s cloud sync. Retool Falls Prey to Targeted SMS Phishing Attack The Aug. 27 attack began with a...Read More
In a surprising turn of events, Ethereum developers faced an unexpected setback as they attempted to launch their new test network, Holesky, on Friday. This hiccup affected what was supposed to be a celebratory technological milestone, marking the first anniversary of the groundbreaking “Merge” upgrade of Ethereum. Holesky Testnet Faces Genesis File Mishap On Sept....Read More
The trading volume of the fifth largest cryptocurrency by market capitalization – XRP – has spiked by over 90% in the past 24 hours, whereas other indicators, such as the asset’s futures long/short ratio, have also headed north. Those are considered bullish factors, indicating that traders believe the coin’s price could soon start rallying. XRP...Read More
A weekly market report by America’s largest cryptocurrency exchange, Coinbase, has outlined several reasons why the forthcoming mass token liquidation by its bankrupt rival FTX is unlikely to cause market shocks in the ecosystem. The research report, written by Coinbase head of institutional research David Duong, disclosed that analysts at the exchange found some factors...Read More
In a recent turn of events, Ant Group, a Chinese financial technology giant, reportedly decided to divest its $100 million investment in A&T Capital, signaling a retreat from the volatile crypto sector. These reports come a few months after the resignation of A&T founding partner Yu Jun, who was later investigated for his workplace misconduct...Read More
Ethereum’s layer-2 solutions are outperforming the blockchain they were designed to bolster. Both Base and zkSync Era have shown remarkable performance so far despite the incessant bear market. For the first time in history, Base and zkSync Era surpassed Ethereum’s Transactions Per Second (TPS) rate of 10.18 on September 17th. According to data compiled by...Read More
Bitcoin has done very little over the weekend, hugging the $26,500 price level with minimal volumes and volatility. Market analyst and chart guru “PlanB” has been tweaking his pricing models since the infamous stock-to-flow model has been potentially invalidated by this extended bear market. With the new market phase naming, BTC is still in the...Read More
The cryptocurrency market has witnessed a renewed surge in buying activity, sparking a relief rally among several prominent digital assets. Ethereum also experienced a sudden departure from its previous corrective path as prices swiftly rebounded from the $1,550 range surging to $1,635. But there could be more to this bullish turnaround. According to the latest analysis...Read More
The lawsuit between Ripple and America’s securities regulator – the US SEC – is undoubtedly one of the trendiest topics in the cryptocurrency space. The legal battle started in 2020 when the watchdog accused the former and its management team of breaching laws and using the alleged unregistered security XRP to raise funds. Since then,...Read More
The cryptocurrency market has recently shown some signs of revival. However, three of the most popular digital assets – Ripple (XRP), Bitcoin (BTC), and Shiba Inu (SHIB) – have not been among the best performers. In the following, we will take a closer look at whether they are poised for a possible price expansion, as...Read More
JPEX, a Dubai-based crypto exchange and lending platform, shuttered operations overnight due to a sudden liquidity crisis on the 17th of September. According to a statement by the platform, the fault lies with institutions and JPEX’s partners in Hong Kong, who acted unfairly and maliciously, respectively. Earn Program Ended Definitively According to a spokesperson for...Read More
Cryptocurrency exchange CoinEx, which recently suffered a breach, has called on the hacker to negotiate with the company while also promising a generous bounty reward if they decided to return the stolen assets. The notorious North Korean-sponsored Lazarus Group was identified as the hackers behind the attack on CoinEx. Let’s Dialogue, Says CoinEx to its...Read More
Karl Sebastian Greenwood, co-founder of OneCoin and wingman for Ruja Ignatova, also known as “Cryptoqueen,” was sentenced to 20 years imprisonment for his involvement in one of the biggest crypto scam projects. Ignatova, who was included in the Federal Bureau of Investigations (FBI) Ten Most Wanted Fugitives list, is rumored to have been murdered in...Read More
Stablecoin issuer Paxos, in one of the latest developments, released the first transparency but unaudited report for the recently born Paypal USD, or PYUSD stablecoin, affirming the stability and reliability of the assets. This latest report also highlighted that, as the curtains fell in August, the lion’s share – over 90% – of PYUSD was...Read More
In what’s described as a rapidly evolving landscape of financial and economic crimes threatening the internal security of the European Union, Europol has applauded the independence and protection offered by blockchain technology. Europol has also raised concerns over the rising criminal activity within decentralized finance (DeFi). Europol Warns of Rising Criminal Activity in DeFi and...Read More
Former Deutsche Bank investment banker Rashawn Russell intends to plead guilty to cryptocurrency fraud charges. Russell initially contested the allegations against him; however, the case has now been forwarded to a magistrate judge for a change of plea hearing, signifying a shift in Russell’s legal strategy. Rashawn Russel Set to Plead Guilty to Crypto Fraud...Read More
The US Securities and Exchange Commission (SEC) has claimed that Binance has failed to provide sufficient documentation despite previously agreeing to expedited discovery. BAM, the organization responsible for Binance’s US affiliate, has submitted approximately 220 documents. However, the SEC’s legal representatives have alleged in a new filing that many of these documents consist of “unintelligible”...Read More
Four Chinese nationals and one from Laos were arrested by Thailand’s Cyber Crime Investigation Bureau (CCIB) in connection with a fraudulent crypto investment platform that swindled over 2.7 billion Baht (worth around $76 million) from local investors. According to the report by the Bangkok Post, the individuals duped 3,280 residents after operating a fraudulent scheme...Read More
