After the recent update, the Ripple vs SEC lawsuit is expected to reach its destiny very soon. Both parties have submitted their briefs in court, expecting the judgement to be in favour of them. Ripple CEO, Brad Gardlinghouse recently mentioned that Stuart Alderoty is offering tough times to fight against crypto regulation. Stuart Aldertoy, the...Read More
In a recent update, Ripple has filed its redacted reply to the SEC’s opposition in court to the motion for summary judgment. The SEC continues to believe that XRP is a security and has tried to extend the case many times. But with the recent development, the closure of the case appears to be on...Read More
Sam Bankman-Fried, the former CEO of FTX, was questioned by New York Times journalist Andrew Sorkin in his very first public appearance through a video call. Sorkin threw a barrage of questions towards the former CEO and also questioned him about the money that had vanished from the exchange immediately after it had filed for...Read More
According to Yonhap, a South Korean newswire service, authorities are seeking an arrest warrant for Daniel Shin. According to news reports, the co-founder of Terraform Labs is charged with stealing profits and violating the Electronic Financial Transaction Act. Terra Co-founders to Face Jail Time? The co-founder of Terraform Labs is being charged for accumulating illicit...Read More
The second-largest cryptocurrency exchange in the world, FTX, filed for bankruptcy in the US on November 11, 2022. Following market worries about FTX’s financial stability and related transfers to Alameda Research, a trading firm owned by FTX’s founder, Sam Bankman-Fried, FTX was unable to meet customer withdrawals (worth about $5 billion). The filing follows FTX’s...Read More
Celsius’s Bankruptcy Crisis Celsius was a fintech platform that provides borrowing, digital and fiat payments, and interest-bearing savings accounts. In June 2022, it filed for bankruptcy. According to Bloomberg, Celsius co-founder and CEO Alex Mashinsky said that the platform’s digital asset count increased more quickly than Celsius was prepared to use. As of July 13,...Read More
FTX, which was once among the top cryptocurrency exchanges in the world, essentially collapsed this week. For a brief while, it appeared that rival Binance would step in to buy FTX, but after seeing FTX’s financial records, Binance quickly withdrew. Sam Bankman-Fried, the founder of FTX, is reportedly flying to Argentina, albeit the information has...Read More
2022 has been disastrous for the crypto space. Yet again, Bitcoin is witnessing one of the most severe crashes and has marked a record as the fifth asset to witness the worst collapse in the history of finance. Bitcoin, which accounts for 41% of the cryptocurrency market, experienced lows that had not been seen since...Read More
ftx Days after bigger rival Binance withdrew from a planned acquisition, the announcements were made. On November 11 – The troubled cryptocurrency exchange FTX said on Friday that it would file for bankruptcy in the US as its Chief Executive Sam Bankman-Fried quit, potentially setting off one of the largest market meltdowns ever. The company...Read More
The largest cryptocurrency exchange in the world, Binance, and FTX’s failed agreement have caused the crypto market to collapse completely. However, the fiasco was brought about by statements made by Kraken Exchange CEO Jesse Powell. A Focus on SBF and FTX Mistakes by Powell Powell claimed in a lengthy Twitter post that the sector is...Read More
This year has seen more than its fair share of unexpected market collapses due to surprising news about poorly run cryptocurrency businesses. This week brings yet another massive change. This time its FTX, the fourth-largest cryptocurrency exchange in the world, which until last week was regarded as a ‘mainstay’ of the sector. FTX attempted to...Read More
Bitcoin, Ethereum, BNB, XRP, and most other cryptocurrencies are showing significant bearish price movements this Tuesday. After a great start earlier this month and sideways trading last week, it seems the bears are again taking over the markets, pushing the global crypto market cap below $1 trillion. Let’s look at relevant Bitcoin, Ethereum, and market...Read More
According to a KBS News report, Do Kwon, who co-founded the Terra blockchain project, is now in Europe. Fatman, a whistleblower for Terra who has been making scathing claims against Kwon and other Terraform Labs partners in recent months, learned of the information. Additionally, according to the prosecution, they have chat records that show price...Read More
Coinbase Global Inc. (NASDAQ: COIN) released its third-quarter 2022 earnings results on Thursday. According to a letter to shareholders, the company reported mixed earnings results for the third quarter. Consequently, the company’s shares closed Thursday trading at $55.80, down 8.09 percent from the day’s opening price. However, COIN shares have regained approximately 5 percent during...Read More
Cryptocurrency markets continue to trade sideways this week as Bitcoin and Ethereum manage to hold support. Like yesterday, Bitcoin and Ethereum remain in the $20k and $1,500 range despite increasing trading volume over the past 24 hours. Let’s look at relevant crypto news affecting prices today. Key Points: Bitcoin and Ethereum remain above support while...Read More
Cryptocurrency markets continue to hold support today after a spectacular performance last week. Bitcoin remains at the $20k level, while Ethereum has found new support in the $1,500 range. Let’s look at relevant news affecting markets today. Key Points: Cryptocurrency markets continue to trade sideways, holding support after last week’s bull run. Bitcoin’s lightning network...Read More
Non-fungible tokens (NFT) have greatly benefited their creators and holders. These digital assets are visas into the metaverse. Blockchain technology serves as a host to cryptocurrencies and NFTs, generating wealth for many users. Some NFTs are worth several hundred dollars (or tens of ETH), and many more will be worth more as the market for...Read More
Cryptocurrency markets continue to trade sideways this week as Bitcoin and Ethereum manage to hold support. After rising by over 6% this week, Bitcoin is holding support relatively well, with today’s trading volume up over 40%. Let’s look at relevant Bitcoin and Ethereum news affecting prices this week. Key Points: Cryptocurrency markets manage to hold...Read More
Trump has made his own Truth Social platform, on which he made the following statement: “I am extremely glad that Twitter is now safely back in sane hands, and will no longer be managed by Radical Left Lunatics and Maniacs that truly despise our nation.” Although he is overjoyed, he reportedly stated that Twitter cannot...Read More
At the start of this month, Terra Classic community passed a proposal 5234 which aimed to reduce 1.2% tax burn to 0.2% tax burn. Today, the community passed yet another proposal 6082 which is now active on the Blockchain. This proposal was passed to sort out scammers on the network. The proposal claims that Terra...Read More
Cryptocurrency markets have seen significant bullish momentum this week, with Bitcoin and Ethereum rising by 7% and 19% in the past week. While cryptocurrency prices remain relatively flat this Friday compared to yesterday, the market sentiment remains bullish. Let’s look at relevant crypto and global news affecting markets today. Key Points: Elon Musk finalizes his...Read More
After yesterday’s bull run, where Bitcoin and Ethereum saw substantial price growth, today’s markets are testing support levels. Trading volume for BTC and ETH is also down by an average of 30% in the past 24 hours, signaling that cryptocurrencies are taking a break this Thursday. Let’s look at relevant crypto and global news affecting...Read More
Elon Musk appears to be on track to fulfill a deadline on Friday to finalize his on-again, off-again acquisition of Twitter, averting a court battle over the $44 billion agreement, which he admits is excessively priced. Musk also updated his Twitter profile to “Chief Twit” and tweeted a video of himself bringing a sink into...Read More
Cryptocurrency markets continue their bullish rise this week, with Bitcoin and Ethereum prices showing a significant improvement over the past seven days. The crypto market saw substantial bullish price action on Tuesday, which seems to continue today. The global cryptocurrency market cap is once again in bullish territory, currently at $1 trillion, up 3.30% in...Read More
The end of 2022 is seeing some stellar projects launch their presales. Despite the year being a tough one for the market, investors seem to be showing a great deal of interest in projects that are building ecosystems with genuine value. The P2E game is a prime example of this. This niche has been steadily...Read More
After little change last week and a slow start on Monday, Bitcoin and Ethereum prices are showing significant bullish momentum today, with BTC peaking above $20k and Ethereum rallying past $1,400. The global cryptocurrency market cap is up 3% today, currently at $957 billion. There’s no doubt that the markets are highly bullish today. Let’s...Read More
Dash 2 Trade, a new crypto analytics and signals platform, has been breaking records after selling out the first stage of its token presale within just 72 hours, raising $1,666,000. This huge demand has prompted investors to buy the project’s native D2T tokens before prices are pushed higher as the presale progresses. Could this be...Read More
The Ripple vs SEC lawsuit is nearing its 1st year anniversary. In December 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple founders for offering illegal securities and claiming that XRP was a security. After an extended dispute, the legal battle has finally reached the Summary Judgement Phase. This has led...Read More
The year 2022 demonstrated the diverse features of the crypto space as well as market participants such as short-term holders, long-term holders, whales, as well as strong and weak hands. While the strong hands continued to amass wealth, the weak hands continued to extract profit at every turn. At the beginning of the year 2022,...Read More
In a press statement on Tuesday, Bank of New York Mellon (BK), the oldest lender in the United States and the largest custodian bank in the world, announced the addition of cryptocurrencies to its custody services, as reported by The Wall Street Journal. BNY Mellon, is the oldest bank in the United States, with a...Read More
