Crypto

According to Mike McGlone, Senior Macro Strategist for Bloomberg Intelligence, Ethereum (ETH) is currently trapped under the $2000 price point. Despite a stock rally, ETH has failed to sustain itself above that price, leading McGlone to believe that $2000 is a “resistance ceiling”. The NASDAQ 100 stock index tapped a 52-week high in Q2, but

In December 2020, the United States Securities and Exchange Commission (SEC) charged Ripple with conducting an unregistered $1.3 billion security offering. The SEC alleged that Ripple’s cryptocurrency, XRP, is a security, which deprived potential purchasers of adequate disclosures about XRP and Ripple’s business and other important long-standing protections that are fundamental to the public market

Coinbase, a cryptocurrency exchange platform, saw a 13% fall on Tuesday following a lawsuit filed by the US Securities and Exchange Commission (SEC). The regulatory agency accused Coinbase of violating securities laws. However, the SEC is not the only regulator charging Coinbase. The Alabama Securities Commission (ASC) has also targeted Coinbase for its failure to

On Monday, the U.S. Securities and Exchange Commission (SEC) filed charges against Binance, one of the largest cryptocurrency exchanges in the world. The SEC’s charges allege that Binance and its U.S. affiliate, Binance US, offered and sold securities without registering with the agency and acted as an unregistered exchange, broker-dealer, and clearing agency. The allegations

The US Securities and Exchange Commission (SEC) has removed former commissioner William Hinman’s biography from its website. This comes just eight days before the SEC is required to provide unredacted copies of Hinman’s emails, which are seen as essential to the agency’s lawsuit against cryptocurrency giant Ripple. Hinman’s biography on the SEC’s site now only

John Forsyth, a Missouri emergency room doctor, crypto advocate, and co-founder of crypto project Onfo (ONFO), was recently found dead in northwest Arkansas after being reported missing for over a week. He was last heard from on May 21 through text messages with his fiancée. Authorities told the deceased’s brother Richard Forsyth that John’s corpse

Magic, a San Francisco-based wallet-as-a-service (WaaS) provider, has raised $52 million in a strategic funding round led by PayPal Ventures. The latest capital infusion brings the firm’s valuation to just under $500 million. Other participants of the fund round include Cherubic, Synchrony, KX, Northzone, and Volt Capital. Expanding Functionality and Integration The latest capital infusion

Blockchain security company Beosin has released a new report which shows that the total amount of crypto assets lost to exit scams and rug pulls is higher than the amount stolen from decentralized finance (DeFi) projects through exploits and attacks. The report also reveals that losses from DeFi exploits in May were 79% lower than

In recent weeks, Ripple’s price has shown an increase after bouncing back from a notable $0.43 support level. This level has been reinforced by the 200-day moving average, while the price has surpassed the 50-day moving average at around $0.47. Ripple Approaching $0.6 Resistance Level Currently, Ripple is approaching the $0.6 resistance level, and if

Bitcoin has been trading at just above $27,000 over the weekend, remaining stuck amid lower trading volumes. While altcoins have been quiet on a daily scale, some such as LDO, INJ, and QNT have produced massive weekly gains. Last Monday, Bitcoin initiated a massive leg-up that resulted in tapping a three-week high at $28,500. This

The Ethereum network has made a significant shift from Proof-of-Work to Proof-of-Stake consensus algorithm. This has led to the elimination of Ethereum miners, now replaced by validators who secure the network. Becoming a validator is a simplified process, requiring depositing 32 ETH into the staking contract and running the appropriate software. Validators Queue Up However,

Artificial intelligence (AI) is a topic that has been gaining increasing attention from tech enthusiasts and beyond. In numerous articles, we’ve already had conversations with ChatGPT, one of the most popular AI-based chatbots, on topics ranging from healthcare to finance. This time, we asked ChatGPT for its opinion on a more general topic: how AI

The cryptocurrency industry has been transformed by the advancement of artificial intelligence technology. The soaring popularity of AI-based chatbots like ChatGPT and Google Bard has led to the development of a new category of cryptocurrencies centered around the field. Several coins saw exponential growth due to the rising interest in AI. However, there is another

On Thursday, OpenAI CTO Mira Murati’s Twitter account was hacked and used to promote a fraudulent crypto token, supposedly backed by the company. The tweet remained online for an hour, gaining 80,000 views before being taken down. The hacker promoted an ‘OPENAI’ token, described as a “groundbreaking token driven by artificial intelligence-based language models.” The

Elon Musk, the CEO of Tesla, has been accused of insider trading by memecoin investors in a court filing on May 31, 2022. The group had previously filed a $258 billion class action lawsuit against Musk and his companies in June 2021, alleging that they caused significant losses for Dogecoin holders. The recent filing claims

Coinbase, a popular cryptocurrency exchange, announced that it will launch Bitcoin and Ethereum futures contracts for institutional investors on June 5. Coinbase will launch these products through its CFTC-regulated Coinbase Derivative Exchange, offering lower fees than other US-regulated derivatives exchanges. The company has collaborated with leading Futures Commission Merchants (FCMs), brokers, and front-end providers to

Gemini, the crypto exchange led by the Winklevoss twins, has started the process of acquiring a crypto license to serve customers in the United Arab Emirates (UAE). The move is part of Gemini’s global expansion plans, and the exchange has revealed that it is engaging with stakeholders throughout the region to learn more about local

Binance, the world’s largest cryptocurrency exchange, has confirmed that it is “reevaluating” its talent base following reports of layoffs. This comes as a stark contrast to the company’s position of strength last year when it continued to expand during the bear market. Reports of Layoffs Reports of layoffs at Binance first emerged on Wednesday when

The Securities and Exchange Commission (SEC) announced on Tuesday that former Coinbase manager Ishan Wahi and his brother, Nikhil Wahi, have agreed to settle charges of insider trading using knowledge from the exchange. The SEC has forced Ishan Wahi to forfeit 10.97 ETH ($20,848.92) and 9,440 USDT, while Nikhil Wahi was made to forfeit $892,500.

El Salvador has made headlines in the cryptocurrency world recently after becoming the first country to adopt Bitcoin as legal tender. In line with this move, President Nayib Bukele has appointed Saifedean Ammous, author of the book “The Bitcoin Standard” and well-known Bitcoin maximalist, as an economic advisor to the National Bitcoin Office of El

NVIDIA, the multinational semiconductor and technology company, has reached a market capitalization of over $1 trillion, a value comparable to that of all cryptocurrencies combined. Following the release of strong quarterly earnings results, the company’s stock rose by 6%, reaching a 52-week high. Although share prices have since fallen slightly, the company’s value remains above

Bitcoin blockchain has recorded over 10 million inscriptions using the Ordinals protocol, according to data from Dune Analytics. The majority of these inscriptions were recorded within the last month. Ordinals protocol allows users to embed data into a single identifiable satoshi, thereby opening up potential applications. Ordinals Inscriptions Ordinals inscriptions were first used for producing

The Indonesian province of Bali has recently warned tourists against using cryptocurrencies for payments, stating that those who violate this rule will face severe consequences. The provincial governor, Wayan Koster, made the announcement during a press conference on May 28, where he explained that foreign visitors who use crypto as a means of payment are

In a joint motion to dismiss a lawsuit by the US Securities and Exchange Commission (SEC) against Gemini and Genesis Global Capital, the two cryptocurrency firms have stated that the SEC has no legal basis to describe the Earn program as the sale of unregistered securities. Gemini and Genesis have insisted that the program was

The Commodities Futures Trading Commission (CFTC) has taken action against five individuals for their involvement in promoting fraudulent bitcoin and cryptocurrency trading services. The CFTC claims that the defendants targeted Spanish-speaking investors and swindled them out of their funds. The five individuals are David Carmona, Juan Arellano Para, Moses Valdez, David Brend, and Marco A.

Pepe meme coin has experienced a significant decrease in value, dropping over 60% from its all-time high on May 5th to around $0.00000143. Social engagement for Pepe has also decreased by 31.5% in the past week. While a decrease in interest is expected after a parabolic run like what Pepe experienced, the question remains whether

China has been known for its hard stance on trading and owning cryptocurrencies like Bitcoin and Ethereum. However, the country seems to be opening up to some parts of the industry. Despite its strict cryptocurrency regulations, China is pushing for the development of Web3. Web3: Future Internet Industry Development During the parallel forum of the