CommEX, a crypto exchange that once took over Binance’s operations in Russia, has recently declared its decision to close its operations in the country. The announcement came after Binance’s exit from the Russian market in September 2023, with a projected timeline of one year for the process to be completed. CommEX Russia shared in a
Crypto
Bitcoin’s price has been experiencing a period of sideways consolidation around the significant $60K price level. Although there was a surge towards the all-time high of $73K, the price has since corrected and found support between the 0.5 ($62K) and 0.618 ($59.5K) Fibonacci retracement levels. This consolidation phase has increased buying pressure, leading to a
The legal battle between Ripple and the US Securities and Exchange Commission (SEC) is reaching its trial phase scheduled for April 23. However, before reaching this crucial point, both parties have been required to address certain court requirements. Recently, the entities demonstrated a collaborative effort by filing a joint letter to tackle sealing issues related
In a recent development, U.S. District Judge Robert Shelby found the Securities and Exchange Commission (SEC) guilty of serious misconduct in the legal action against Utah-based cryptocurrency firm DEBT Box. The judge accused the SEC of a “gross abuse of power” in handling the case and highlighted multiple instances of “bad faith” conduct. This decision
Bitcoin’s price movements over the weekend have been somewhat underwhelming as the asset has calmed at just over $64,000 after the previous week’s volatility. The altcoins are, in general, also less volatile today, with a few exceptions like Dogecoin, which has surged by around 7%. Last business week started on a highly unfavorable note for
In a devastating turn of events, a 46-year-old housewife from Hong Kong has found herself facing losses of a staggering 7.1 million Hong Kong dollars ($908,000) after falling victim to a fraudulent crypto investment platform. The woman, who remains unnamed, was lured into the scam through a series of deceitful tactics employed by cunning fraudsters.
North Korea has been making headlines due to its involvement in cyberattacks, with the United Nations Security Council revealing that the country earns a significant portion of its foreign exchange earnings through these illegal activities. The council’s report indicates that North Korea’s cyberattack strategy involves compromising digital wallet private keys and seed phrases, leading to
Coinbase, the derivatives arm of the largest American cryptocurrency exchange, recently announced its intentions to launch futures trading contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. This bold move signifies a significant step forward in the world of cryptocurrency trading and marks a new era for these digital assets.
In the midst of escalating inflation and economic instability, Argentinians are turning to Bitcoin as a safe haven, with recent data showing a significant increase in cryptocurrency purchases. The surge in Bitcoin transactions has been particularly notable in the first week of March, with a reported 34,700 weekly purchases in Argentina. This represents a substantial
The meme coin sector has recently experienced a surge in popularity, with certain assets gaining significant traction on social media platforms. While early adopters have reaped substantial profits from tokens like SHIB and WIF, caution is advised due to the inherent volatility in this niche market. Top Performers in the Meme Coin Sector Contrary to
The XRP Ledger (XRPL) has recently integrated automated market maker (AMM) functionality into its decentralized finance ecosystem. This new feature has already shown promising results with the creation of the first AMM liquidity pools supporting pairs such as XRP/USD and XRP/BTC. Automated Market Makers (AMMs) rely on mathematical algorithms to quote cryptocurrency prices and facilitate
Super Sushi Samurai, a highly-anticipated blockchain game on the layer-2 solution Blast, fell victim to an exploit just hours before its launch. The exploit, attributed to a white hat hacker, resulted in a loss of $4.6 million due to a critical bug in the smart contract code. This bug allowed the hacker to trigger an
After a lengthy legal process, it seems that Do Kwon, the co-founder of Terraform Labs, will finally be extradited to South Korea. The Appellate Court of Montenegro recently upheld a decision to extradite Kwon, who was arrested in March 2023 in Montenegro alongside the Terraform Labs’ Chief Executive Officer. Kwon’s extradition has been the subject
The recent fluctuations in Bitcoin’s price have been nothing short of dramatic. After hitting an all-time high of nearly $74,000, the leading cryptocurrency experienced a sharp decline, dropping to a 2-week low of under $61,000. However, following the latest FOMC meeting, Bitcoin’s price reversed its trajectory and surged by over seven grand in a matter
The official Twitter account of Trezor, a well-known hardware wallet manufacturer, recently suffered a devastating compromise. It is suspected that the breach was a result of a SIM swap attack, which led to fraudulent messages being posted on the platform. These messages promoted fake token sales and wallet scams, tricking users into sending funds to
The cryptocurrency market is abuzz with news of XRP experiencing a notable price spike on the Atlantis Exchange. While excitement initially spread among X users as the asset’s price seemingly soared to an all-time high of $74, it was later revealed to be a short-lived glitch. This surge came shortly after Atlantis Exchange introduced trading
The ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC) regarding the classification of XRP has been a topic of significant interest within the cryptocurrency community. With the trial scheduled for April 23, the resolution of this lawsuit could have far-reaching implications for both XRP’s legal status and its price
A Federal High Court in Nigeria has recently issued an order to Binance, the world’s largest cryptocurrency exchange, to provide comprehensive data on all local users trading on its platform to the Economic and Financial Crimes Commission (EFCC). This decision comes as part of the government’s crackdown on Binance for its alleged involvement in the
Bitcoin, the leading cryptocurrency, has witnessed a significant drop in its price, losing roughly ten thousand dollars since its peak last Thursday at almost $74,000. This sudden downfall has also impacted other alternative coins, causing the total crypto market cap to plummet to under $2.5 trillion from exceeding $2.9 trillion just last week. After a
The recent surge in NodeMonkes, Bitcoin’s premier NFT collection, has taken the market by storm. In the past 24 hours, NodeMonkes witnessed a staggering 53.3% increase in its floor price, propelling it to the position of the second-largest NFT collection in terms of market capitalization. With a floor price of 0.83 BTC, approximately $55,890, NodeMonkes
Cardano’s development and utility have been scrutinized within the community, particularly concerning the Hydra project. This layer 2 scalability solution aims to enhance transactions, reduce costs, and optimize Cardano’s functionality. While rumors of the project’s demise circulated, co-founder Charles Hoskinson vehemently denied these claims, labeling them as “pure FUD.” He emphasized the team’s increased productivity
Bitcoin recently reached a new all-time high of over $73,500 before experiencing a sharp drop to $65,000. It has since then managed to recover some of its losses and is now trading at over $68,600. The upcoming Federal Open Market Committee (FOMC) meeting scheduled for March 20 could potentially be a catalyst for another price
The cryptocurrency market has experienced a weekend of extreme volatility, with Bitcoin plummeting to a ten-day low of under $65,000. This sharp decline comes after a period of bullish momentum that saw Bitcoin reach a new all-time high of $73,800 earlier in the week. However, the bulls’ reign was short-lived as the bears took control
The past week has been a rollercoaster ride for Bitcoin and other cryptocurrencies, with prices seeing unprecedented levels of volatility. Bitcoin’s price started the week with sharp fluctuations, dropping to $67,000 before surging to a new all-time high of nearly $73,000. However, the bulls’ momentum was short-lived, as bears quickly took control and pushed the
Paul Grewal, the Chief Legal Officer at Coinbase, has taken issue with a letter penned by two U.S. senators that urges the Securities and Exchange Commission (SEC) to impose stricter regulations on Bitcoin exchange-traded funds (ETFs) and refrain from approving any further cryptocurrency ETF applications. In a recent statement, Grewal argues that expanding the ETF
Recently, Binance, the world’s leading crypto exchange, made a significant move by spinning off its venture capital and incubation arm, Binance Labs. This decision, which took place earlier this year, marks a new chapter in the company’s evolution under the leadership of CEO Richard Teng. The website of Binance Labs now clearly states its independence
Amidst the recent market correction, Ripple’s XRP has experienced a significant dip in its price, currently hovering around the $0.63 mark according to CoinGecko’s data. This represents a 5.5% decrease over a 24-hour period. Despite this downturn, analysts are remaining optimistic about XRP’s potential for recovery and future growth. Analyst EGRAG CRYPTO has expressed confidence