The Wall Street Journal recently made headlines by claiming that Hamas, the Palestinian militant group, has raised tens of millions of dollars through cryptocurrency. These allegations were further cited by the U.S. Congress. However, blockchain surveillance experts at Elliptic have analyzed the situation and provided a more nuanced perspective on the issue. In this article,
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Loopring, the layer-2 decentralized exchange (DEX) for Ethereum, has recently announced a change in approach. The platform is going multi-network and expanding its core pillars from three to four. This strategic update aims to enhance the functionality of the Loopring Dapp and attract more users from diverse platforms. Under the new shift, the Loopring Dapp
In today’s highly dynamic and competitive business environment, staying ahead of the curve is a constant challenge. As the pace of innovation continues to accelerate, it is crucial for companies to make data-driven decisions in a timely manner. Predictive analytics, a powerful tool that utilizes machine learning and statistical algorithms to forecast future events based
The Financial Conduct Authority (FCA) in the United Kingdom has recently expressed concerns about the failure of many cryptocurrency firms to meet its new promotion requirements. These requirements, which came into effect on October 8, aim to protect investors by ensuring that they are adequately informed about the risks associated with cryptocurrency investments. In this
In a recent blog post titled “The Periphery,” Arthur Hayes, the former CEO of BitMEX, shares his views on the potential future of Bitcoin (BTC) and highlights the significance of geopolitical risks. As the world grapples with heightened tensions and economic uncertainties, Hayes delves into how these macro factors can shape the trajectory of Bitcoin.
In a surprising turn of events, wallets connected to bankrupt crypto firms Alameda Research and FTX have transferred more than $10 million worth of cryptocurrency to exchange deposit accounts. This sudden movement of funds has raised eyebrows and prompted speculation about the intentions and future plans of these firms. One plausible explanation for this transfer
Zilliqa, a leading blockchain technology company, has announced its partnership with Racing League, the premier team-based horse racing competition in the United Kingdom. The collaboration aims to revolutionize fan engagement in horse racing by combining physical and virtual elements, all powered by Zilliqa’s cutting-edge blockchain technology. Later this year, Zilliqa and Racing League will launch
Coinbase, one of the leading cryptocurrency exchanges, has accused the U.S. Securities and Exchange Commission (SEC) of overstepping its boundaries and attempting to redefine the criteria for what constitutes a security. In a recent court filing, Coinbase argued that the SEC’s classification of crypto assets as securities falls outside its jurisdiction and represents a radical
In its final bid to dismiss a lawsuit by the United States Securities and Exchange Commission (SEC), Coinbase has argued that the SEC overstepped its authority when it classified Coinbase-listed cryptocurrencies as securities. Coinbase, in an Oct. 24 filing in a New York District Court, criticized the SEC for its overly broad definition of what
Crypto exchange dYdX, widely recognized as one of the largest non-custodial cryptocurrency exchanges, has taken a critical step towards true decentralization. In an October 23 blog post, dYdX announced the release of the open source code for their new Cosmos-based network, marking a significant stride in their mission to decentralize their exchange operations. dYdX has
Binance, one of the leading cryptocurrency exchanges, has continued to see strong derivatives trading volume during U.S. trading hours amid ongoing legal action. Despite facing a complaint from the Commodity Futures Trading Commission (CFTC), Binance has managed to maintain its position in the market. Derivatives are financial instruments that derive their value from an underlying
The recent performance of KCS, the native token for the tier-1 exchange KuCoin, has been disheartening as price action threatens to fall below the 20DMA. This has led many investors to question whether KuCoin is on the verge of collapse. Additionally, the exchange has fallen to the 41st place in CEX rankings, with less than
In a positive turn of events for the crypto market, major cryptocurrency exchanges have witnessed a net outflow of funds on October 24th. This trend coincides with Bitcoin breaking through the $35,000 mark, a significant milestone that hasn’t been reached in over a year. The movement of assets away from centralized platforms toward individual wallets
In the past 24 hours, two significant XRP transactions totaling nearly 500 million XRP have caught the attention of the crypto community. These transactions, amounting to $213 million and $13 million respectively, have piqued curiosity due to their scale and timing. It is important to analyze these transactions in the context of Ripple’s strategic alliances,
After speculation surrounding a potential spot ETF being listed on DTCC, the price of Bitcoin has surged over 15% to approach the $35,000 resistance level. However, analysts are divided on whether this bullish momentum will continue or if a short-term correction is imminent. In this article, we will analyze the current market conditions and explore
The blockchain art landscape has been forever changed by the emergence of Async Art. Launched in 2020, this platform quickly became a creative hub for artists and musicians, offering a unique and interactive space for artistic expression. With its dynamic approach to digital art, Async Art stood out from other blockchain art platforms. Artists were
The cryptocurrency market has become increasingly competitive, leading strategists to explore new opportunities for investment. One such area showing promise is AI-driven cryptos during presale events. These startups aim to capitalize on the AI craze while also leveraging the real utility that AI can offer to the crypto space. A notable project in this space
Since the beginning of the year, Bitcoin has experienced an impressive surge in value. However, it seems that investing in Bitcoin mining companies has proven to be an even more profitable endeavor. These publicly-traded mining firms have seen remarkable growth, with their stock prices soaring over 100% since January 1. Some notable examples include Marathon
The demand for cryptocurrencies, with Bitcoin at the forefront, has been steadily growing, and Paul Brody, the Global Blockchain Leader at Ernst & Young (EY), sheds light on this trend. In a recent CNBC interview, Brody highlighted the increasing interest in crypto, particularly from family offices. These entities, responsible for managing the vast wealth of
Germany’s renowned postal service, Deutsche Post, is about to make history with the introduction of its first-ever crypto stamp on the revolutionary Polygon blockchain. This groundbreaking initiative combines the timeless artistry of physical stamps with the transformative power of NFT technology. The inaugural stamp in the collection, featuring the iconic Brandenburg Gate, marks the beginning
The discussion surrounding spot Bitcoin exchange-traded funds (ETFs) continues to gain momentum, with major asset managers like BlackRock and Fidelity now entering the fray. SEC Commissioner Hester Peirce recently shared her thoughts on this development, highlighting the growing interest from both firms and investors. However, she also cautioned against making assumptions about regulatory decisions and
The crypto community is in an uproar after accusing The Wall Street Journal (WSJ) of spreading misleading information regarding Hamas’ cryptocurrency funding. In an article published on October 10, WSJ reported that Hamas had acquired approximately $90 million in cryptocurrency to finance an imminent attack on Israel. This revelation caught the attention of prominent crypto
Bitcoin’s price soared to new three-month highs on October 23, marking the first weekly close above $30,000 since the summer. As the week’s first Asia trading session commenced, BTC gained significant momentum, reaching $30,944 on Bitstamp. This surge propelled the cryptocurrency to challenge levels closer to key long-term resistance, including the 2023 high of $31,800.
The Shiba Inu ecosystem has rapidly gained popularity within the crypto industry, emerging as one of the fastest-growing communities. With the introduction of numerous tokens and ecosystem updates, the Shiba Inu project has undeniably made remarkable progress. However, it still has a long way to go. In an unexpected announcement, a core member of the
Meitu (1357), a Hong Kong-listed company known for its ventures into cryptocurrencies, recently announced a significant shift in its business focus. While the company made headlines in 2021 for its investments in cryptocurrencies amounting to around $100 million, it has now revealed that its growth is primarily driven by its artificial intelligence (AI) business. This
The recent fraud case involving JPEX crypto exchange has prompted Hong Kong’s Customs and Excise Department to take a closer look at cash-for-crypto shops and their associated money-laundering risks. Traditionally, money changers in Hong Kong are overseen by the department, but over-the-counter (OTC) cryptocurrency exchange shops currently operate without licensing or regulatory oversight, making them
U.S. cryptocurrency exchange Coinbase has taken a significant leap forward in its global expansion strategy by selecting Ireland as the location for its European MiCA (Markets in Crypto-Assets) hub. This move enables Coinbase to tap into a vast market of 450 million individuals across 27 countries under a single regulatory framework and national supervision, bringing