Nearly a year after filing a lawsuit against YouTube for failing to prevent XRP giveaway scams, Ripple Labs has settled the issue without disclosing any further details. In the other ongoing Ripple-related lawsuit, the SEC has asked Judge Analisa Torres to deny the payment processor’s motions to dismiss. Ripple Settles with YouTube CryptoPotato reported last...Read More
In an interesting twist of events, Twitter, the social media platform spearheaded by Jack Dorsey, one of Bitcoin’s most influential proponents, has now suspended some major cryptocurrency-related accounts. Twitter has suspended numerous accounts that are related to cryptocurrencies. Some of the most popular ones include those of PlanB, the creator of the Bitcoin Stock-to-Flow Model,...Read More
The NFT artwork has been created by legendary crypto artist Beeple, aka Mike Winkelmann, over a period of 13 years, hence the title ‘EVERYDAYS: THE FIRST 5000 DAYS’. The unique work is a collage of images that Beeple has posted every day since mid-2007 and it has attracted a monumental bid of $9.75 million with...Read More
Jack Dorsey, the CEO of one of the largest social media platforms, Twitter, will be converting the proceeds of the sale of the genesis tweet in Bitcoin and donate it to the GiveDirectly’s Africa Response Campaign. Earlier during the weekend, CryptoPotato reported that Jack Dorsey has put up the genesis tweet for sale. This became possible through...Read More
Parity Technologies aims at developing and releasing a generic asset parachain to serve as one of the first common-good chains on Polkadot. Dubbed Statemint, it would provide functionality for deploying various asset types, such as tokenized artwork or even central bank digital currencies (CBDCs). Statemin to Come on Polkadot The press release shared with CryptoPotato...Read More
The hacks and exploits on DeFi projects continue, and the latest victim to fall is the decentralized exchange platform – DODO. The attack targeted several V2 Crowdpools, and the stolen amount could go as high as $3.8 million. DODO Victimized by Hackers The decentralized finance sector is no stranger to malicious attacks and harmful exploits....Read More
The SEC lawsuit against Ripple Labs continues to harm the payment processor as the company has officially ended its relationship with the international money transfer provider – MoneyGram. Nevertheless, Ripple hopes to revisit the relationship in the future, especially if it prevails against the Commission. CryptoPotato reported in late December 2020 that the US Securities...Read More
Coinbase has yet to go public, and the markets are already on fire in anticipation of the most awaited direct listing in the cryptocurrency world and the what will be the first major listing ever recorded on the Nasdaq. An independent valuation based on the price of its shares in private markets determined that Coinbase...Read More
On-chain analytics provider, Glassnode, has revealed that there is solid support at the $47,000 level for Bitcoin. It came to this conclusion in its latest ‘Week on Chain’ report using analysis from chart guru Willy Woo and data scientist Rafael Schultze-Kraft (@n3ocortex). It added that Woo noted a significant volume of BTC was transacted on-chain...Read More
The leading payment processor, PayPal, announced today that it has agreed to purchase the digital asset custody company, Curv. It said that it will complete the acquisition in the first quarter of the year. Rumors Confirmed True As PayPal Acquire Curv Reports surfaced last week that PayPal was planning to acquire cryptocurrency security firm, Curv....Read More
With the impending legal battle between the SEC and Ripple, the CEO of the payment processor said that XRP will endure even if the company doesn’t. Simultaneously, Jesse Powell, the CEO of the veteran US exchange, Kraken, believes that offering XRP trading carries “huge asymmetrical risk.” XRP Will Endure, Says Ripple CEO Ever since the...Read More
Dogecoin has become the center of attention of famous individuals once again. Mark Cuban said that his NBA team had become the largest DOGE merchant, Elon Musk made an electronic-god reference, while John McAfee used its growing popularity to defend his alleged pump and dump schemes. McAfee Touted DOGE Before Musk The love story between...Read More
Yet another Bitcoin ETF is to reach the markets in Canada as the country’s securities regulator has issued “a receipt for the final prospectus” for CI Global Asset Management’s application. Dubbed CI Galaxy Bitcoin ETF (BTCX), it’s expected to launch on the Toronto Stock Exchange (TSX) on March 9th, and Mike Novogratz’ Galaxy Digital Capital...Read More
The institutional bitcoin frenzy continues to spread like an epidemic. After several United States mega corporations added the digital currency to their balance sheet, the floodgates have been opened to major institutions across the world. Norwegian holding company Aker ASA said today that it will establish a new unit dedicated to bitcoin investment and the...Read More
The hype around non-fungible tokens (NFTs) continues to escalate as demand for primary sales is only growing higher. The last manifestation of this was earlier during the BossLogic NFT drop that took place on the OpenSea marketplace, causing it to essentially crash under the high traffic. OpenSea Crashes as Traffic Surges OpenSea, touted as the...Read More
Boasting three and four-digit annual percentage yields, Big Data Protocol (BDP) has become the latest DeFi frenzy as total liquidity on the protocol has skyrocketed to $6.1 billion just two days after liquidity mining incentives were launched. The protocol announced its fair launch on March 6 where 100% of the initial circulating supply, which is...Read More
India’s Finance Minister told CNBC that the country’s reserve bank is not shutting out cryptocurrencies entirely. She said that while the Reserve Bank of India will decide which unofficial cryptocurrencies will be used and regulated, there will be “a window for experiments” in the industry. New Lease Of Life For Bitcoin In India India’s minister...Read More
Chinese tech company Meitu has announced a massive purchase of 380 BTC and 15,000 ETH, representing an entry of about 40M USD, as of writing these lines, into the cryptocurrency market. This came just one month after tech mogul Elon Musk, the founder of Tesla, announced that the company would be purchasing 1.5B USD worth...Read More
A change in the administration of the world’s most dominant economy potentially spells a new era for nascent technologies like blockchain and cryptocurrency. Incoming regulations and policies can either accelerate growth or impede progress. Fully aware of this, America’s leading blockchain group is taking the bull by the horn. It is taking the plunge to...Read More
The contentious Ethereum Improvement Proposal (EIP) 1559, will be included in its codebase in July this year. This became clear during the All Core Developers call today. EIP 1559: What Does it Mean for Fees? Ethereum’s Improvement Proposal 1559 is aimed at improving the overall Ethereum’s user experience when it comes to transaction fees. Typically,...Read More
A day after being indicted for several criminal offenses, including money laundering schemes and fraud, John McAfee has called the allegations brought by US authorities “overblown.” The former software antivirus creator also defended his ICO promotions and receiving payments with the particular coins. DOJ Goes After McAfee The former antivirus tycoon made a name in...Read More
The co-founder of a fraudulent ICO project that duped more than $25 million from investors, Sohrab Sharma, has received a sentence of eight years in prison for his role. The project itself, dubbed Centra Tech, was previously backed by several celebrities, including the boxing legend Floyd Mayweather and the producer DJ Khaled. Centra Tech Co-Founder...Read More
This week was tough across the board, not just in the cryptocurrency market. It was marked by a serious correlation between Bitcoin and the S&P 500, as well as the entire legacy market, in general. As CryptoPotato reported, the abovementioned correlation reached a 5-month high. While this seems to be bearish in the short term, given that...Read More
PAID Network, one of the most popular Initial DEX Offerings (IDOs) that took place on Polkastarter’s platform a while ago and brought tremendous returns to private sale investors, is going through what seems as a massive attack. PAID Network, one of the most popular and heavily promoted IDOs that brought massive returns to private sale...Read More
The first consequences from the FCA ban on crypto derivatives trading in the UK are evident for the popular digital asset exchange Bybit. The company announced earlier that it will suspend its services to all customers based in the United Kingdom. Established in 2018, Bybit is a cryptocurrency exchange headquartered in Singapore with a reported...Read More
Ripple’s CEO Brad Garlinghouse told Reuters in an interview today that the company is still conducting and growing its business in the Asia Pacific region despite the SEC legal case against Ripple and its executives. The last four months have been some of the toughest for Ripple after the company was slammed with a $1.3...Read More
Less than a year after launching its IOHK-owned network of federated nodes, Cardano is on schedule to reach full decentralization at the end of March 2021. At that point, the already established network of over 1,800 community pools will be responsible for producing all new blocks. Cardano Goes for Full Decentralization With the approaching so-called...Read More
American basketball team Dallas Mavericks will now accept payments for tickets and merchandise in Dogecoin via the leading cryptocurrency payment processor, BitPay. Prior to the announcement, it already supported payments in cryptocurrencies, including BTC, BCH, ETH, USDC, GUSD, PAX, and BUSD. Its billionaire owner and Shark Tank star, Mark Cuban, cited the ‘very important’ reason...Read More
Digital asset trust company, BitGo has added another feather to its cap. The company announced today that it has received a Trust Charter that will enable it to operate as an independent qualified custodian in the United States’ commercial hub, New York. The license was issued by the New York State Department of Financial Services....Read More
Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen have recently appealed to Judge Analisa Torres, filing two separate motions to dismiss the US SEC’s amended complaint against Ripple and its executives. Regulatory Overreach In a letter dated March 3, 2021, the Attorneys representing Garlinghouse stated that the lawsuit filed by the SEC against Ripple was...Read More
