Crypto users recently experienced unexpected price fluctuations for Ripple’s XRP token on the Gemini exchange. The relisting of XRP on the platform for deposits and trading led to “wonky” prices, causing concern among community members. This article examines the price glitch, possible explanations, and the impact on Gemini’s platform. Social media platform Twitter was abuzz
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Binance Labs, the investment arm of Binance, recently announced that it has invested $5 million in Curve DAO Token (CRV) to support the decentralized finance (DeFi) platform. This move comes in the wake of a recent attack that resulted in the theft of at least $60 million from Curve Finance. In this article, we will
The U.S. Securities and Exchange Commission (SEC) recently announced a settlement of $24 million with Bittrex and its former CEO, William Shihara. The SEC had made several allegations against Bittrex, accusing the company of instructing coin issuers to remove statements that could potentially raise regulatory concerns. Gurbir S. Grewal, Director of the SEC’s Division of
Brazil is making significant strides in the world of finance with its plan to introduce a central bank digital currency (CBDC) known as DREX. Set to launch in 2024, this innovative digital currency aims to revolutionize the country’s financial services sector and promote financial inclusivity. While Brazil is not alone in its pursuit of a
In a surprising turn of events, decentralized exchanges (DEX) on Coinbase’s newly launched layer2 network, Base, have quickly surpassed the trading volume of established layer1 networks such as Cardano (ADA) and others. Data from DeFiLlama reveals that within 24 hours of its launch, Base ranked among the top 10 networks by trading volume, generating an
Curve, the decentralized stablecoin trading platform, has received a significant boost with a $5 million investment from Binance Labs, the venture arm of cryptocurrency exchange Binance. This investment marks an important milestone for Curve and highlights the growing interest in decentralized finance (DeFi) projects. Curve has established itself as a major player in the DeFi
Following Ripple’s recent legal victory against the United States Securities and Exchange Commission (SEC), there has been a surge in activity on the XRP Ledger. This increased activity has resulted in XRP surpassing Ethereum as the blockchain with the highest number of daily transactions. While the initial excitement from Judge Analisa Torres’s ruling has subsided,
Trading in the cryptocurrency market can often feel like trying to solve a complex puzzle, with traders constantly searching for the missing pieces of information that can make all the difference. However, with the rapid growth of cryptocurrencies, this challenge has become even more daunting. Enter yPredict, an innovative AI-powered platform that aims to simplify
The non-fungible token (NFT) project y00ts has recently made the decision to switch blockchain networks once again, moving from Polygon to Ethereum. This move comes just four months after the majority of its NFTs were bridged from Solana to Polygon. The announcement was made by DeLabs, the NFT firm behind y00ts, through their X (Twitter)
In a bold move to embrace the world of non-fungible tokens (NFTs) and crypto collectibles, CBS Studios has submitted an application to secure the name “Star Trek Continuum” for their latest venture. The application, accepted by the United States Patent and Trademark Office (USPTO), allows CBS Studios to utilize the iconic Star Trek name in
Attorneys representing Tesla CEO Elon Musk are urging a judge to dismiss a multi-billion dollar case that accuses the billionaire entrepreneur of insider trading with Dogecoin (DOGE), arguing that the accusations are baseless and frivolous. The lawyers argue that the plaintiffs should be barred from burdening the judicial system with additional accusations based on Musk’s
Bitcoin Ordinals, a groundbreaking protocol launched earlier this year, has captivated the crypto community by offering a new way to inscribe assets like nonfungible tokens (NFTs) and Bitcoin-based cryptocurrencies on the Bitcoin blockchain. Recognizing the potential of this protocol, the team behind Bitcoin Ordinals has recently established the Open Ordinals Institute, a nonprofit organization dedicated
In the fast-paced world of cryptocurrency, new meme coin projects seem to emerge every day. These projects, ranging from Dogecoin to Shiba, each have their own unique story to tell. The latest addition to this digital narrative is Cowabunga Coin, a meme coin that draws inspiration from the beloved Teenage Mutant Ninja Turtles. An Iconic
Bitstamp, a prominent cryptocurrency exchange, announced on August 8 that it would suspend U.S. trading for several cryptocurrencies that have been classified as securities in recent legal cases involving other exchanges like Binance and Coinbase. The affected tokens include Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near Protocol (NEAR), The Sandbox (SAND), and
Crypto-focused venture capital firm, Blockchain Capital, recently experienced a security breach when its Twitter account was taken over by scammers. The scammers targeted unsuspecting users by promising a token claim through a giveaway of “BCAP” tokens. In an attempt to deceive users further, the scammers directed them to a copycat website that closely resembled the
Cryptocurrency exchange Binance has made a significant move in the world of digital assets by becoming the first licensed crypto platform in El Salvador. The Central American country has been known for its friendly stance towards the crypto industry, with the adoption of Bitcoin as legal tender in 2021. Binance’s acquisition of two licenses from
In today’s rapidly evolving digital landscape, personal branding has taken on a whole new level of importance. With the increasing interconnectedness of the online world, individuals from various backgrounds are finding innovative ways to stand out and express their unique digital identities. One powerful tool that has emerged in this realm is the Non-Fungible Token
The cryptocurrency industry has seen its fair share of controversies and scandals over the years. One such incident involves FTX DM, a subsidiary of FTX, whose co-CEO Ryan Salame is reportedly in talks with federal prosecutors to potentially plead guilty to criminal charges related to the collapse of the crypto exchange. This development has sent
Singapore, known as a global financial hub, has once again solidified its position in the cryptocurrency industry. The leading cryptocurrency exchange, Blockchain.com, has recently obtained a payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This is the second license the company has secured in the city-state, following an in-principle approval obtained in
ARK Invest CEO Cathie Wood has recently made a bold prediction regarding the United States Securities and Exchange Commission (SEC) potentially approving multiple Spot Bitcoin exchange-traded funds (ETFs) simultaneously. This departure from the conventional sequential approval process has sparked speculation and could revolutionize the regulatory landscape. A Game-Changing Approach While previous practices have seen the
The Federal Reserve Board has recently unveiled the Novel Activities Supervision Program, a groundbreaking initiative aimed at overseeing the rapidly advancing technologies within the banking sector. This program encompasses a wide range of areas, including crypto-assets and blockchain technology. By aligning financial innovation with regulatory oversight, the Federal Reserve aims to strike a delicate balance
Cryptocurrency exchange Huobi has announced that it will soon list the newly launched PayPal’s PYUSD stablecoin. In a statement released on August 8th, Huobi stated that it will be the first cryptocurrency exchange to support the launch of PYUSD stablecoin. It further added that it will provide PYUSD/USDT trading pairs with a permanent 0 trading
The crypto market has experienced remarkable growth and mainstream adoption in recent years. However, the highly volatile nature of digital assets has made crypto trading a high-risk, high-reward game. To address this issue, AI-driven crypto signals platforms like yPredict have emerged to provide data-driven insights and help traders make informed decisions while reducing risk. yPredict,
The price of Cardano (ADA) is facing a potentially substantial decline of over 20% in August. This forecast is based on the formation of a classic technical pattern known as a bump and run reversal (BARR). The BARR pattern occurs when excessive speculation drives the price higher quickly, leading to a “bull trap.” The pattern
Coinbase, a renowned cryptocurrency exchange, is set to launch “Base” on August 9th. Base is an Ethereum layer-two (L2) chain built on the Optimism framework. By addressing the blockchain trilemma, Base aims to balance scalability, security, and decentralization in blockchain networks. This article delves into the significance of Base, its impact on Ethereum-based applications, and
The world of cryptocurrency continues to evolve at a rapid pace, and investors are constantly seeking new opportunities to diversify their portfolios. Valkyrie, a leading investment firm, has recently applied to the US Securities and Exchange Commission (SEC) to include Ethereum (ETH) futures contracts in its Valkyrie Bitcoin Strategy ETF (BTF). This bold move sets
PayPal’s recent launch of its Ethereum-based stablecoin, PYUSD, has been met with both excitement and skepticism within the crypto community. On one hand, it is seen as a significant step towards mainstream adoption of Ethereum. The introduction of this stablecoin could propel Ethereum closer to becoming the money layer of the internet, according to Ethereum