Former WeWork CEO Adam Neumann’s climate tech startup Flowcarbon has reportedly started refunding investors after failing to launch its much-anticipated Goddess Nature Token (GNT). According to a Forbes report from earlier in the week, the company has struggled to realize its vision of tokenizing carbon credits. Project Raised $38M From Token Sales Flowcarbon initially raised $70 million...Read More
Singaporean authorities have launched an investigation into the sale of Worldcoin accounts and tokens, suspecting that such activities may breach the country’s Payment Services Act (PS Act) of 2019. The probe centers around seven individuals allegedly involved in the unauthorized sale of Worldcoin-related services, including third-party transactions of accounts and tokens. Unlicensed Worldcoin Account Sales...Read More
The crypto staking landscape is constantly evolving, with new and remarkable shifts coming to light every now and then. A feature that was once primarily attributed to networks with proof-of-stake consensus mechanisms like Ethereum, developers have now brought staking and restaking to the Bitcoin blockchain. A report by the non-custodial staking services provider P2P.org outlined...Read More
Trading app eToro recently reached a settlement with the US Securities and Exchange Commission. The SEC announced Thursday that eToro “agreed to pay $1.5 million to settle charges that it operated an unregistered broker and unregistered clearing agency in connection with its trading platform that facilitated buying and selling certain crypto assets as securities.” But...Read More
The price of bitcoin (BTC) has entered a bearish phase, stemming from the asset’s constant decline and range-bound movement. As a result, the largest cryptocurrency has decoupled from gold. According to CryptoQuant analysts, bitcoin’s price has been declining while the yellow metal has rallied to new record highs, causing their correlation to turn negative. Bitcoin...Read More
On Sept. 11, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced that it was “paving the way towards real-world solutions that will enable our members to access and transact with regulated digital assets and currencies.” The organization has a vision of enabling its members to transact with both traditional and emerging crypto assets on...Read More
The Solana network is experiencing an increased influx of users and a “break-through moment,” thanks to the introduction of liquid staking on the blockchain. A new report by the leading cryptocurrency exchange, Bybit, stated that Solana’s liquid staking model, especially the exchange-launched liquid-staked SOL, would mobilize masses and accelerate the onboarding of retail users in...Read More
The recent data from QCP Capital has gained massive attention from crypto traders, especially Ethereum traders, as it suggests that Ether is poised for a significant upside rally before December 2024. According to the data, Ethereum options traders have bought over 20,000 contracts targeting the $3,000 level, set to expire on December 27, 2024. Ethereum...Read More
The U.S. Securities and Exchange Commission (SEC) has ramped up its enforcement actions against the cryptocurrency sector in 2024, imposing nearly $4.7 billion in fines. This figure represents a 3,018% increase from the $150.3 million in fines issued in 2023. Record Breaking Settlement According to a report from Social Capital Markets, 2024’s figures are largely...Read More
Think stablecoins are just a vehicle for anonymous crypto trading? A new survey from Castle Island Ventures would suggest otherwise. In a report sponsored by Visa, the firm showed that crypto users in five developing countries – Nigeria, India, Indonesia, Turkey, and Brazil – are turning to stables largely as a means of payment and...Read More
Steven Lubka, head of private clients and family offices at Swan Bitcoin said in recent remarks to CNBC, “Do I think we’ll be in the six figures by 2025? Almost certainly. Do I think we’ll be in the six figures regardless of who wins? Almost certainly.” That may be assuring to fast-moving crypto markets that...Read More
The prominent cryptocurrency asset manager said on Thursday that it has launched a new Trust that will track the performance of Ripple’s native token (XRP). Given its history of converting other Trusts (BTC and ETH) into spot ETFs, the question arises about whether the new product will put Ripple on the fast track toward an...Read More
The U.S. government is quietly pressuring Nigeria to release Tigran Gambaryan, a Binance executive detained in the country since February. Gambaryan has reportedly faced serious health issues while in custody, prompting calls for his release on humanitarian grounds. Humanitarian Concerns According to a New York Times report, two anonymous senior State Department officials revealed that...Read More
Solana (SOL), the world’s fifth-biggest cryptocurrency by market cap is poised for a massive price surge in the coming days following its major breakout. After struggling for nearly two weeks near the strong resistance level of $138, SOL has broken through this level today with a strong bullish candle on the daily time frame. Solana...Read More
The U.S. Securities and Exchange Commission (SEC) has seemingly tracked back on previous statements suggesting that crypto assets themselves are securities. This retraction comes amid the agency’s ongoing legal case against Binance, one of the largest cryptocurrency exchanges in the world. SEC “Regrets” Confusion Caused by Wording Attention to the SEC’s shift was drawn by...Read More
As the United States presidential election inches nearer, the two contenders continue making several moves to capture citizens’ attention. Republican candidate Donald Trump has doubled down on his efforts to win crypto investors’ votes. Following a Friday announcement of a crypto-centric platform dubbed World Liberty Financial, 84% of bettors on the biggest prediction market, Polymarket,...Read More
Over the past two to three days, positive sentiment across the Bitcoin market suddenly surged to a level not seen in more than a year. While this may seem like a bullish sign, analysts have warned that it is concerning. According to a tweet by the market intelligence platform Santiment, the sudden optimism from the...Read More
Michael Saylor, the co-founder and current chairman of MicroStrategy, announced the latest massive BTC purchase his company made. With it, the business intelligence software giant’s total Bitcoin stash skyrocketed to 244,800 BTC, worth more than $14 billion at current prices. MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per #bitcoin and has achieved...Read More
Donald Trump has set the launch date for World Liberty Financial, which will debut on September 16. This announcement follows hints from his family earlier this summer, as well as Trump’s previous vague descriptions of the project as a DeFi platform for borrowing and lending. Details of the Project In a video posted on X,...Read More
In a post on X on Sept. 12, Justin Sun let rip at Coinbase, stating that its wrapped Bitcoin launch was a “dark day for BTC.” Sun said that cbBTC lacks proof-of-reserve, has no audits, and the company can freeze anyone’s balance anytime. He said it essentially is “just trust me,” as any U.S. government subpoena...Read More
Bitcoin (BTC) is on track to hit new all-time highs by the end of 2024, according to Standard Chartered. In the view of the bank’s global head of digital assets, Geoff Kendrick, who is quoted in a recent CoinDesk report, Bitcoin could climb to $125,000 if former U.S. President Donald Trump wins the upcoming election...Read More
After six months of sideways chop, multiple on-chain indicators say Bitcoin may finally be prepared for an epic price breakout, analysts say. These predictions would line up with separate forecasts of an upcoming bull market based on seasonal factors, with Bitcoin soon to transition from one of its worst-to-best months on record. Bitcoin’s Bottom Signals...Read More
The number of addresses holding Tron’s native token TRX for the long term has skyrocketed over the past 12 months, according to data from the blockchain intelligence firm IntoTheBlock. A tweet from the market analytics platform revealed that the Tron network currently has nearly 90 million long-term holder addresses, representing a 237% increase in the...Read More
The recently launched Tron-based SUNDOG (SUNDOG) has started attracting big whales, resulting in a significant price rally. Following the opening bell of the U.S. stock market a crypto whale withdrew a significant 13.07 million TRX tokens, worth $2 million from Binance and purchased a massive 3.52 million SUNDOGE meme coin in a single transaction, as...Read More
A wallet associated with the defunct crypto exchange FTX and its sister company Alameda Research has redeemed 177,693 Solana (SOL) tokens, valued at approximately $23.75 million, from the Solana Proof-of-Stake (PoS) network. The movement, highlighted by PeckShield in a September 12 post on X, has reignited speculation within the crypto community about a potential selloff...Read More
Ethereum co-founder Vitalik Buterin has announced a shift in his endorsement strategy for Layer 2 (L2) scaling solutions. Beginning in 2025, he will only publicly support L2 projects that have reached at least Stage 1 in their development, with a possible short grace period for new and genuinely interesting projects. Buterin Shifts Focus to Layer...Read More
XRP price is poised for a significant rally, despite gaining 6% upside momentum in the past four hours. It’s all thanks to the asset management giant Grayscale. On September 12, 2024, the firm announced its latest single-asset crypto investment product, Grayscale XRP trust. Grayscale’s XRP Trust Takes the Spotlight This announcement on X (previously Twitter)...Read More
Within the next six months, the United States arm of the financial services company, eToro, would cease trading almost all crypto assets on its platform due to a new order from the Securities and Exchange Commission (SEC). According to a press release from the SEC, eToro has violated federal securities laws since at least 2020....Read More
The largest US-based crypto trading platform announced that its Wrapped Bitcoin product (cbBTC) has gone live on two blockchains – Base and Ethereum. This comes months after the company integrated the Lightning Network for BTC transfers. The announcement by the exchange informed that the Wrapped Bitcoin (cbBTC) will be “backed 1:1 by Bitcoin (BTC) held...Read More
September has turned out to be a highly volatile month for bitcoin so far, as the asset has gone through several ups and downs, including yesterday’s impressive surge to over $58,000. However, BTC could be on the verge of yet another rally, given the substantial outflows from exchanges, which recently hit a multi-month high. $750M...Read More
