Liquidity across the crypto market continues to dry up, with both on-chain and off-chain volumes reaching historical lows. These were the findings from analytics provider Glassnode in its latest weekly report on Sept. 11. Moreover, a “significant proportion” of the BTC supply is teetering on the edge of falling into a significant unrealized loss, it...Read More
According to the popular cryptocurrency analyst Shannon Thorp, the price of Ripple’s native token could blast beyond $500 in the future. She based her bold prediction on a recent report that estimated that the total value of cross-border payments might reach $250 trillion by 2027. XRP Hitting the $500 Mark? Thorp shared some key points...Read More
A Newport resident who accidentally disposed of a hard drive containing 8,000 Bitcoin (BTC) is looking to file a lawsuit against the city’s local council for refusing to accept his request to dig up a landfill site for the lost crypto treasure. The investor has been trying to get his Bitcoin excavated for a decade,...Read More
The leading cryptocurrency exchange – Coinbase – has reportedly disabled new customer sign-ups on its platform in India. However, the company remains committed to the Asian country despite the recent rumors that it might pull out of the local market. No More Sign-ups According to a TechCrunch report, Coinbase has prohibited new sign-ups in India in...Read More
Over the past year, FTX has filed numerous lawsuits against previous business partners, attempting to claw back funds allegedly spent without justification or in subprime deals. Often, these funds were indeed spent on a whim, whether at networking parties or, presumably, gaming. However, LayerZero’s CEO Bryan Pellegrino argued that this could not be farther from...Read More
The crypto community on X (Twitter) was baffled recently after an anonymous Bitcoin user paid a whopping 19.89 BTC (over $500,000) in transaction fees to move just 0.074 BTC (worth less than $2,000 at current rates). The payment went to the Bitcoin mining pool F2Pool that generated the valid block. The team behind the entity...Read More
In a recent interview with Yahoo Finance, Coinbase CEO Brian Armstrong shared insights into the company’s plans and its interest in flatcoins. Armstrong also shared more details on the future of cryptocurrency and the necessary next steps amid growing regulatory scrutiny. Armstrong Discusses Coinbase’s Future Plans Coinbase’s exec talked about ‘flatcoins’ in the interview, which...Read More
The ongoing case between the United States Securities and Exchange Commission is one that the entire cryptocurrency community has its sights set on. But, for some reason, it’s just as polarizing. There doesn’t seem to be room for a middle ground, as it’s always been a make-or-break type of situation. Now, however, one user has...Read More
Prominent blockchain investigator ZachXBT has yet again accused four popular crypto traders of a pump-and-dump scheme. At the center of the controversy are – TraderNJ, PetaByte, XO, and Trader SZ – who allegedly profited from the gains at the expense of their followers. There are many telltale signs of a pump-and-dump scheme. The crypto industry,...Read More
Data provided by Shibarium Explorer revealed that overall transactions on the layer-2 blockchain solution have reached almost two million. Recall that the network built on Ethereum that aims to increase transaction speed, lower costs, and elevate Shiba Inu above its rivals went live approximately two weeks ago. Shibarium Eyes a New Milestone According to the...Read More
According to CryptoRank Platform, the cryptocurrency market is about to witness seven substantial token unlocks this week. The first is scheduled for September 12, when the blockchain platform Aptos will release $24.8 million worth of APT into circulation. Events of this type could impact market liquidity and trading volume, thus spurring a price decline for...Read More
The Grayscale Ethereum Trust (ETHE) has recorded significant gains since Cathie Wood’s asset management firm ARK Invest and investment manager VanEck filed applications with the United States Securities and Exchange Commission (SEC) to launch a spot Ethereum exchange-traded fund (ETF). According to a tweet by blockchain intelligence firm IntoTheBlock, the ETHE discount to net asset value (NAV)...Read More
In a recent revelation, FLOKI took to X to address allegations and rumors circulating in the crypto community while also warning its users against scams capitalizing on its brand name and reputation. In a recent tweet by FLOKI’s official Twitter handle @RealFlokiInu, the project denied any association with PetabyteCapital and clarified that PetabyteCapital has never...Read More
Shiba Inu (SHIB) continues to see a considerable number of tokens removed from its total circulating supply. The latest increase comes following a rather dull weekend in terms of overall trading volume and market activity. Data from Shibburn – the portal that tracks tokenomics metrics for the Shiba Inu project – reveals that the burn...Read More
Ripple’s XRP appears to be gearing up for a significant price surge, according to Daan de Rover, founder of CryptoSea. Known popularly as CryptoRover on YouTube, de Rover recently took to social media platform X to forecast a “gigantic move” for the digital asset. $XRP is getting ready for a gigantic move!🔥👇 pic.twitter.com/Ear5P5VMTe — Crypto...Read More
John Deaton is a vocal pro-Ripple attorney representing some 75,000 XRP investors in the case against the United States Securities and Exchange Commission. In a recent tweet, he broke down the demographics, pinpointing where most of the investors are from. Where Are XRP Investors Mostly From? John Deaton took to Twitter on September 10th to...Read More
Shiba Inu’s layer-two network, also known as Shibarium, is facing a threat from scammers associated with the Pawswap project. The information was brought to light by a prominent Shiba Inu administrator, known in the SHIB community as DaVinci, who explained that the scammers’ goal was to impersonate the legitimate project PawZone while spreading false information...Read More
The dYdX Foundation, a non-profit organization behind the decentralized crypto exchange dYdX, has released its semi-annual report detailing its ecosystem growth and milestones reached in 2023. According to the report, the foundation fostered the development of the dYdX protocol and grew the community in preparation for the release of the v4 open-source software – the...Read More
The United Kingdom Financial Conduct Authority (FCA) said it will extend the deadline for crypto firms to implement the strict marketing rules created to protect consumers. According to an official release, the core rules will still come into effect from October 8, 2023, while measures that require greater technical development, like the 24-hour cooling-off period,...Read More
Grayscale’s victory over the SEC could be seen as a major setback for the financial regulator, which has intensified its enforcement efforts against the cryptocurrency industry. However, this landmark win did not translate into a notable increase in the accumulation of crypto assets in the spot market. In fact, CCData’s latest report disclosed that the...Read More
The world’s most valuable company – Apple, with market cap nearing $3 trillion, has reportedly secured the rights to the upcoming book about FTX’s founder – Sam Bankman-Fried. The book will likely be one of the many documentaries, including short TV series, to be released about SBF and his former empire. Apple Gets the Book...Read More
Vitalik Buterin, the co-founder of the second-largest blockchain, Ethereum, had his X account hacked to portray a phishing site that reportedly drained over $800,000. The fraudulent post has been deleted since, and the account has been restored. The blockchain security resource PeckShield was among the first to alert about the ongoing hack later last night,...Read More
Linus Financial, a Nashville-based crypto platform, has settled its dispute with the SEC out of court. Previously, the project offered pooled crypto investment opportunities to its users in exchange for fiat. However, the firm voluntarily winded down its operations when a similar firm got into hot water with the securities regulator over a nearly identical...Read More
The Commodity Futures Trading Commission (CFTC) announced that it had initiated and successfully settled legal actions against the Opyn, ZeroEx, and Deridex platforms. The three decentralized finance protocols allegedly failed to register various derivatives trading offerings. As stated in the official press release, Deridex and Opyn faced allegations of not registering as a swap execution...Read More
Although Ripple scored a partial court victory against the SEC earlier this summer, the battle is far from over, as the agency has formally requested the right to appeal against the decision. The US securities regulator’s response comes after the deadline for Ripple to present its opposition passed on September 1. Recall arguably the most...Read More
The now bankrupt crypto exchange, which actually has intentions to restart operations at some point, reportedly wants to retrieve some of the money it paid to professional athletes and teams that used to promote it. Some of those names, according to Bloomberg, include Shaquille O’Neal and Naomi Osaka, but Tom Brady has not been mentioned....Read More
Coinbase Ventures has kicked off its initial round of investments from the Base Ecosystem Fund by selecting six projects. The specific investment amounts have not been disclosed. The Base Ecosystem Fund is essentially operated by Coinbase Ventures, the investment branch of the cryptocurrency exchange Coinbase, and is created to back early-stage projects that operate within...Read More
LBRY plans to challenge a New Hampshire federal judge’s ruling that sided with the Securities and Exchange Commission (SEC) that declared the platform’s token sales as unregistered securities. The appeal comes after blockchain firm Ripple scored a partial victory in its fight with the country’s federal regulator. Prominent asset manager Grayscale’s most recent win is...Read More
American financial services giant JP Morgan is exploring a new type of token that will speed up its cross-border payments and settlements. People familiar with the matter told Bloomberg that the multinational financial services firm has developed most of the underlying infrastructure needed to launch a deposit token. However, the firm is waiting for approval...Read More
A hedge fund manager whose firm was ravaged by FTX’s November collapse is now warning of a second-coming “implosion” at Binance. On Tuesday, Ikigai Asset Management founder Travis Kling published a historical timeline outlining a history of “negative events” at Binance since December 2022, attracting attention from some of the exchange’s top brass. How Binance...Read More
