Crypto

The recent bankruptcy of FTX, a once-prominent crypto exchange, has left many in a state of financial distress. While the company is aiming to resume operations in the future, it is now seeking to recover some of the funds it paid to professional athletes and teams who had promoted the exchange. High-profile personalities such as

JP Morgan, the prominent American financial services company, is on the brink of revolutionizing cross-border payments and settlements. The company has been quietly developing a new type of token, known as a deposit token, which could potentially accelerate traditional settlements and bring about a more cost-effective system. Deposit tokens are digital coins that serve as

Bankrupt cryptocurrency lender Celsius Network has taken legal action against EquitiesFirst Holdings by submitting an “adversary complaint.” This move comes as Celsius attempts to recoup assets from the private lender, which reportedly owes a total of $439 million. The debt includes $361 million in cash and 3,765 BTC as of July 2022. Celsius is seeking

The cryptocurrency community was recently in a state of confusion when rumors spread that Jim Cramer, the popular TV personality and host of CNBC’s “Mad Money,” expressed his approval of Binance, the largest cryptocurrency exchange. However, Changpeng Zhao, the CEO of Binance, dismissed these speculations. In this article, we will critically analyze Jim Cramer’s past

Bitcoin’s price is often associated with its four-year price cycles, which interestingly align with its halving schedule. However, some analysts argue that this correlation is simply a wild coincidence and that the cyclical movements of the asset are actually influenced by macroeconomic factors. In a tweet, crypto trading analyst TXMC suggested that Bitcoin’s halving schedule

Nigeria, a country located in West Africa, has emerged as a leading player in the world of cryptocurrency. According to a recent study conducted by blockchain and Web3 software company Consensys, an impressive 99% of Nigerians are familiar with cryptocurrencies. This outstanding level of awareness surpasses that of any other country on the globe. The

Ripple, after a period of steady price movements, has finally shifted towards a bearish trajectory. This decline has caused a breach below a critical support zone that is defined by the 200-day moving average. Analyzing the daily chart, it is evident that the drop in XRP price is a result of elevated selling pressure and

Bitcoin recently experienced an unexpected decline from the $29K mark, resulting in a significant breakdown of the pivotal 100-day and 200-day moving averages. This bearish trend has left many wondering how low BTC can go in the current market conditions. It is essential to analyze the price action and market dynamics to gain insights into

Bitboy Crypto’s Ben Armstrong recently took to the BitBoy Crypto YouTube channel to release an emotional apology video after being kicked out of the company. In this heartfelt video, Armstrong publicly acknowledged his mistakes that ultimately led to his ouster. Alongside him was his supportive wife, Bethany, emphasizing her forgiveness and commitment to their relationship.

The recent court victory of Grayscale against the United States Securities and Exchange Commission (SEC) has had a significant impact on the entire cryptocurrency market. This article delves into the repercussions of this landmark ruling and explores the surge in trading volumes for various cryptocurrencies. Bitcoin, the leading cryptocurrency, experienced a substantial price increase as

Binance, one of the world’s largest cryptocurrency exchanges, has introduced a game-changing feature for its Latin American clients. The new “Send Cash” feature allows users in nine Latin American nations to transfer crypto through Binance Pay, enabling beneficiaries in countries such as Argentina and Colombia to directly receive these transfers in their bank accounts. This

A highly-anticipated event in the cryptocurrency world might be just around the corner. Bloomberg Intelligence suggests that the launch of a spot Bitcoin exchange-traded fund (ETF) in the United States could happen right before Labor Day on September 4th. This news has caught the attention of many in the industry, as a Bitcoin ETF has

Social media platforms have implemented verification features to prevent scammers from impersonating legitimate organizations. However, according to cybersecurity researcher ZachXBT, this well-intentioned feature has inadvertently created a new black market. In the past, verified accounts were easily identified by blue checkmarks. But now, blue checkmarks indicate that the account owner has an X Premium subscription

In a recent government vote, Srettha Thavisin, a candidate from the Pheu Thai Party, was elected as Thailand’s 30th Prime Minister. This decision brings a new leader to power who has a history of involvement in the cryptocurrency industry. Thavisin’s previous role as CEO of real estate giant Sansiri led to his company investing in

In recent years, the US Federal Bureau of Investigation (FBI) has uncovered a series of cyber-attacks carried out by the Lazarus Group, a notorious North Korean hacking collective. With each attack, the hackers have drained millions of dollars’ worth of cryptocurrencies. The FBI has now issued a statement, warning cryptocurrency companies about a potential move

In a recent announcement, Binance, the largest cryptocurrency exchange in the world, declared the termination of its crypto debit cards for customers in the Latin America and Middle East regions starting from September 2023. The decision will render the Binance crypto debit cards unavailable for use in the affected regions, effective from September 21. The

The world of Web3 has just witnessed a groundbreaking development with the launch of Unstoppable Messaging by Unstoppable Domains. This cutting-edge end-to-end encrypted Web3 domain messenger aims to revolutionize the way Web3 participants connect with friends, stay updated on their projects, and foster communities in a decentralized manner, all while ensuring utmost privacy. Unstoppable Messaging

Sonik Coin ($SONIK) is a rapidly emerging player in the meme coin space. As a community-driven meme token, it aims to become the fastest-growing project in its niche. With a fair presale currently underway and attractive staking rewards, Sonik Coin injects hilarity and vibrant energy into the meme coin market. Following the recent successes of

Cryptocurrencies have become increasingly popular in recent years, with stablecoins being one of the fastest-growing sectors. However, last year’s stablecoin implosion highlighted the need for global regulations and norms to ensure the stability and transparency of this sector. While many international leaders have called for such regulations, only a few have taken concrete steps to

Chainlink, the decentralized oracle network, has further expanded its integrations by partnering with Base, a Coinbase-incubated layer-2 network. With this recent collaboration, Chainlink now supports a total of 12 integration partners, including Ethereum, Arbitrum, Avalanche, BNB Chain, and Polygon. The integration will provide developers building on the layer-2 blockchain with access to Chainlink Data Feeds

The US Commodity Futures Trading Commission (CFTC) recently made a significant announcement regarding a fraudulent project involving precious metals and digital assets. This fraudulent operation, run by four individuals and their unincorporated entity called Fundsz, managed to attract over 14,000 customers at its peak. However, the CFTC alleges that Fundsz never actually engaged in any

The blockchain market intelligence firm, Nansen, has recently released a comprehensive report analyzing the behavior and investment patterns of the early whales who onboarded Coinbase’s layer 2 blockchain, Base. This article aims to delve deeper into the findings of Nansen’s report and shed light on the preferences and strategies adopted by these pioneering investors. Ethereum

Evernode, a layer 2 smart contract solution built on top of the XRP Ledger (XRPL), has recently announced an upcoming airdrop that aims to benefit XRP holders. This airdrop presents an exciting opportunity for investors to receive free Evers tokens. In this article, we will explore the details of the airdrop and what it means

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

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

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

As the summer season progresses, the digital asset market seems to be experiencing a slump in trading activity. This is evidenced by the outflows of $107 million recorded in digital asset investment products this week. The decline in trading volumes has been significant, with weekly volumes in investment products falling 36% below the year-to-date average.