Recently, Binance made headlines by announcing the implementation of stricter measures to combat account misuse on its platform. The company unveiled its plans to enhance monitoring of all account activities due to instances where certain features were abused for gaining unfair advantages over other users. This move signifies a proactive stance taken by Binance to
Crypto
CleanSpark, a prominent player in the Bitcoin mining industry, made waves with its recent announcement of acquiring GRIID Infrastructure in an all-stock deal worth $155 million. This strategic move immediately added 20 megawatts of power to CleanSpark’s operations, with an additional 400 MW expected to come online in Tennessee within the next two years. By
Coinbase, the largest cryptocurrency exchange in the United States, has taken a bold step by filing lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). These lawsuits are in response to the agencies’ failure to comply with information requests related to closed crypto cases. The filings at the United
The US Securities and Exchange Commission (SEC) is inching closer towards the approval of the latest adjustments regarding spot Ethereum ETFs, with the discussions between asset managers and regulators nearing their conclusion. Prominent asset managers like BlackRock, Franklin Templeton, and Grayscale Investments are among the eight firms progressing towards the final stages. This development comes
The US spot Bitcoin ETFs are showing signs of a slow recovery, with collective inflows reaching $21.52 million on June 26th. This positive momentum follows a trend that began on Tuesday, indicating a potential shift in the market. BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any new investments in the past four days. This
The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has entered its trial phase. This phase is typically where resolutions are expected to be made, but the end of this case remains uncertain as of the most recent update on June 27th. A significant development in recent weeks
Bitcoin whales have been quietly accumulating BTC amidst a backdrop of fear, uncertainty, and doubt in the market. Recent analysis by IntoTheBlock shows a notable surge in net inflows to the largest wallets, indicating a shift in accumulation patterns. Holders with control of at least 0.1% of the total Bitcoin supply added 7,130 BTC worth
SEC Chair Gary Gensler recently expressed his confidence in the approval process for spot Ethereum ETFs during an interview at the Bloomberg Investment Summit. Despite not providing a specific timeline, Gensler highlighted that the main focus is currently on asset managers. He emphasized the importance of full disclosure by asset managers to ensure smooth registration
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a subject of interest since it began in 2020. The outcome of this lawsuit will have a significant impact on the classification of XRP as a security and could potentially influence its legal status in the eyes of regulators.
Bitcoin (BTC) has continued its downtrend, reaching new local lows of under $59,000. During the mid-hours of the United States Monday trading session, BTC briefly fell below $60,000 to register a new local low of $58,500. This slump has persisted as outflows from the U.S. spot Bitcoin exchange-traded fund (ETF) market have continued into the
Bitcoin’s price has experienced a rapid decline in recent days, failing to sustain levels above $70K. Currently, the market is teetering around a crucial point, approaching the $60K support level. Since the start of June, the price has been on a downward trend, with a rejection from the $72K zone. The market’s mid-term trajectory will
The world of cryptocurrency has been witnessing a significant surge in stablecoin transfer volumes, according to data from Token Terminal. In April, the monthly stablecoin transfer volume soared to over $1.68 trillion, showcasing a substantial increase from previous months. This 16-fold rise highlights the growing potential of stablecoins in revolutionizing financial processes and streamlining cross-border
In the world of cryptocurrencies, Artificial Intelligence (AI)-related coins have been making waves with their recent development activities. The market intelligence platform Santiment has outlined the top 10 AI cryptocurrencies that have shown the most progress over the last 30 days. NEAR Protocol Takes the Lead At the forefront of this list is NEAR Protocol
The AVAX native token for the layer-1 blockchain Avalanche is facing a tumultuous time this weekend, plummeting over 10% to reach its lowest level since December 2023. The token’s value has dramatically dropped from $27.87 to a six-month low of $24.92 within just 24 hours, as reported by CoinGecko. Community Speculations Crypto community members are
The ongoing case involving Ripple in the cryptocurrency industry is a matter of great interest and speculation. Many analysts are closely monitoring the situation, as the outcome of the SEC lawsuit is expected to have a significant impact on the price of XRP. However, despite the legal proceedings, some analysts are looking at technical patterns
If Ripple loses the SEC lawsuit, the implications could be far-reaching. One of the most immediate effects could be a significant drop in the price of XRP. This is because investor confidence in the cryptocurrency might wane, leading to a sell-off and downward pressure on its value. In addition to the price drop, Ripple might
The month of May saw a significant surge in crypto investments, totaling around $1.02 billion. With Ethereum dominating the market, there were approximately 156 investments disclosed publicly. This indicates a growing interest in digital assets and blockchain technology. Despite facing money laundering allegations, Nigerian authorities dropped tax evasion charges against Binance executives. This decision, as
The trading volume of Tether (USDT) on the TRON network has experienced a significant surge, reaching a staggering $53 billion. This impressive figure surpasses the average daily trading volume of payment giant Visa, which stood at $42 billion for Q1, 2024. This comparison is particularly noteworthy considering Visa’s status as one of the world’s largest
The cryptocurrency market has seen a rise in political-themed meme coins in anticipation of the upcoming United States presidential debate between incumbent President Joe Biden and former President Donald Trump. These PolitiFi tokens, such as Super Trump (STRUMP), Maga (TRUMP), Maga Hat (MAGA), Jeo Boden (BODEN), and Doland Tremp (TREMP), have become speculative assets tied
Standard Chartered, a prominent British multinational bank, is making headlines with its latest move to launch a trading desk dedicated to Bitcoin and Ether. This decision marks a significant milestone for the bank, as it becomes one of the first global banks to delve into spot cryptocurrency trading. With the integration of this new crypto
Bitcoin has long been considered a leading indicator in the cryptocurrency market, with its price movement often influencing the trends of other digital assets. However, recent data suggests a shift in behavior among long-term holders of Bitcoin and Ethereum. While Bitcoin holders have been selling off their assets since January, Ethereum holders have been accumulating
In the past 24 hours, the cryptocurrency market has shown signs of recovery after facing losses in recent days. Major digital assets like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) experienced slight gains, while coins related to artificial intelligence (AI) such as Fetch.ai saw significant pumps. This bounce back in prices has brought a sense
Over the past few years, NVIDIA has emerged as a company that many see as the darling of Wall Street. With the largest market capitalization in the world, surpassing even tech giant Microsoft, it’s easy to see why there is so much excitement surrounding NVIDIA. However, is this hype truly justified? The Rise of NVIDIA
A recent incident involving Kraken, a prominent cryptocurrency exchange, has shed light on the unethical behavior prevalent in the industry. The Chief Security Officer, Nick Percoco, revealed that a group of white-hat hackers exploited a bug in Kraken’s system to steal digital assets worth around $3 million from the platform’s treasury. Despite being approached by
In a recent shocking turn of events, Montenegrin Prime Minister Milojko Spajic has been exposed as one of the early investors in Terraform Labs. This revelation comes from court documents released by the U.S. Securities and Exchange Commission (SEC), which detail Spajic’s investment of $75,000 in April 2018. This investment granted him 750,000 Luna tokens,
In recent times, XRP has experienced a rollercoaster of price movements, with a notable surge above $0.50 followed by a slight decline. Despite this, XRP has managed to erase its weekly losses, positioning itself as the only top cryptocurrency in the green during this period. The surge in open interest (OI) indicates that investors are
In a recent turn of events, ex-convict Martin Shkreli, known for his involvement in financial-related frauds, has emerged as a key figure in the creation of the controversial Donald Trump-themed token DJT. This revelation has sent shockwaves through the crypto community, raising questions about the token’s authenticity and allegations of insider trading surrounding its creation.