Marieke Flament, the CEO of Near Foundation, has announced her resignation, signaling the beginning of a new era for the layer-1 protocol. Flament’s departure comes as a surprise, and while no specific reasons were given, the Near Foundation’s general counsel, Chris Donovan, will step in as the new CEO. With this change in leadership, Near
Toncoin (TON) has recently experienced a significant retracement after a remarkable 44% increase from its 200-day moving average (DMA) support. As the price of Toncoin drops, many investors are left wondering if it is still a favorable investment opportunity. This article will delve into a comprehensive analysis of Toncoin’s current price movement and provide insights
The gaming industry has been revolutionized by the rise of web3 games, which offer players more control over their in-game assets and experiences. Elixir Games, a leading distributor of both traditional (web2) and blockchain-based (web3) desktop games, has recently unveiled its Elixir Games Launcher. This platform aims to provide players with the same accessibility as
The Australian Securities and Investments Commission (ASIC) has recently taken legal action against Bit Trade Pty Ltd, a provider for Kraken Crypto Exchange. ASIC alleges that Bit Trade’s margin trading product has caused losses of approximately $12.95 million to Australian customers due to non-compliance with local laws. According to ASIC, the central issue lies in
In a recent post on X (formerly Twitter), Binance CEO Changpeng ‘CZ’ Zhao addressed the reports circulating about him taking a $250 million loan from BAM Management. These reports were labeled as “wrong information” by CZ, setting the stage for a debate surrounding the controversial loan. This article aims to delve into the details and
Cryptocurrency and nonfungible token trading tool, None Trading, has recently announced its closure due to a “critical exploit” within its infrastructure. The developers released a statement on September 20th, revealing that they had suffered a substantial loss of funding and team tokens, resulting in the inability to sustain the project. This unfortunate incident has forced
Leading Chinese layer-1 solution Neo Network (NEO) is currently experiencing a surge, with price action battling upper trendline resistance and a +7% pump. This article will analyze the current state of NEO and determine whether it is too late to buy. Neo Co-Founder Da Hongfei recently conducted an onboarding campaign at Token2049, highlighting the need
Ripple CEO, Brad Garlinghouse, along with other top executives of the company, recently visited Washington, D.C. to meet with members of Congress. The purpose of their visit was to discuss the regulatory clarity of the cryptocurrency industry, which continues to face uncertainty. In a social media post, Garlinghouse highlighted the significance of engaging with elected
Grayscale, a prominent digital currency investment company, has recently submitted a proposal to the Securities and Exchange Commission (SEC) for a new Ethereum futures exchange-traded fund (ETF). This move aims to list and trade shares of the Grayscale Ethereum Futures Trust (ETH) ETF under the New York Stock Exchange (NYSE) Arca Rule 8.200-E. With this
Recent events have sparked intense debates and scrutiny within the XRP community, shedding light on a series of high-volume XRP transactions conducted by Ripple Labs. Over a span of 19 days, a total of 506 million tokens, valued at approximately $260 million, were transferred in 15 significant transactions. What sets these transactions apart is not
Ripple’s native cryptocurrency, XRP, has reached a significant milestone in terms of adoption. Currently, there are close to 5 million accounts on Ripple’s XRPL, with a total of 58.6 million XRP balances held in these wallets. Notably, the integration of an automated market maker (AMM) and a clawback feature to XRPL has been announced. This
In the fast-paced digital age, businesses must adapt to new ways of connecting with their consumers. Walmart, a retail giant known for its physical presence, recognizes the importance of tapping into virtual spaces to engage with customers. The metaverse, a virtual environment with 3D elements and interactive experiences, presents an exciting opportunity for businesses to
The media circus surrounding Donald Trump’s indictment hasn’t deterred on-chain markets, as meme coins related to Trump and MAGA (Make America Great Again) have experienced significant growth. During the “on-chain summer,” the TRUMP2024 token surged by 10,000%, while the MAGA token skyrocketed by 20,000%. This remarkable growth can be attributed to the increasing interest in
Hong Kong-based cryptocurrency exchange CoinEx has recently disclosed that hackers managed to steal more than $70 million worth of tokens. The exchange’s team is currently conducting an in-depth investigation into the incident while working on developing and implementing a new wallet architecture to restore functionality and compensate affected users. Despite the significant amount stolen, CoinEx
Bitcoin has been capturing the attention of investors and the mainstream media due to its recent price movements. After reaching a local low below $25,000 in September, Bitcoin has been trending upwards. In this article, we will dive into a comprehensive analysis of the Bitcoin market using data from Glassnode, a leading on-chain analytics firm.
The ongoing clash between the Securities and Exchange Commission (SEC) and Binance, the world’s leading cryptocurrency exchange, has led to a flood of requests for additional documentation. In a recent development, the SEC criticized the quality of information provided by Binance and its US arm, expressing dissatisfaction with the mere 250 pages of evidence submitted.
The Securities and Exchange Commission (SEC) has been closely monitoring the cryptocurrency industry, expressing concerns about the lack of regulation. With its view that many cryptocurrencies are securities, subject to federal securities laws, the SEC has taken a tough stance, resulting in increased scrutiny and enforcement actions. However, this has sparked debates about whether the
In a recent turn of events, Mark Scott, the lawyer responsible for laundering $400 million from the infamous OneCoin fraud, has been denied his motion seeking a new trial. This comes despite the acknowledgment that a government witness had perjured themselves during the original trial in 2019. According to Bloomberg’s report on September 18, Scott
The financial landscape is ever-evolving, driven by technological advancements and innovative solutions. FinTech has emerged as a key disruptor, revolutionizing the way we perceive and engage with financial services. The FinTech Festival Asia (FTF) 2023 is set to be Asia’s premier FinTech event, showcasing groundbreaking innovations and emerging trends that will shape the future of
Binance.US, once a leading cryptocurrency exchange in the United States, has experienced a significant decline in its weekly trade volume. From reaching an annual high of nearly $5 billion, the trade volume has plummeted to a mere $40 million, according to data from crypto firm Kaiko. This decline can be attributed to various factors, including
The New York State Department of Financial Services (NYDFS) has recently introduced new requirements for virtual currency business entities operating in the state. These rules, announced on September 18, primarily focus on cryptocurrency delistings. The aim of these regulations is to provide better protection for consumers and ensure the safety and soundness of the market.
The cryptocurrency market has recently witnessed a significant increase in outflows from crypto exchange-traded products (ETPs), indicating a prevailing negative sentiment toward digital assets. These outflows, amounting to $455 million over the past nine weeks, have raised concerns among investors and asset managers alike. This article delves into the reasons behind this trend and explores
Canadian fintech corporation WonderFi, with the backing of billionaire Kevin O’Leary, recently announced a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM. This collaboration aims to enhance Localcoin’s crypto ATM offerings in Canada by integrating Bitbuy’s exchange platform and its reputed “deep liquidity.” About the Partnership Bitbuy, the first cryptocurrency exchange in Canada
The Securities and Exchange Commission’s (SEC) lawsuit against Binance.US on June 5 has sent shockwaves through the cryptocurrency industry, causing Binance Coin (BNB) to experience a tumultuous tumble. Similar to the highly-watched Ripple case, the legal proceedings surrounding Binance are becoming increasingly complex. The latest development involves a dispute over the 220 documents submitted by
The upcoming week holds significant developments, particularly in September. There are three key events that investors should closely monitor. Among these events is a crucial hearing in the ongoing case between the United States Securities and Exchange Commission (SEC) and Binance. The SEC recently accused Binance of failing to provide sufficient documentation for the case,
In a groundbreaking event last week, the Shwe La Min Hospital witnessed the convergence of technology and medicine in the form of a digital surgery. Professionals from Yangon and Paris came together virtually, thanks to the Veyond Connect platform developed by Veyond Metaverse. This initiative aimed to not only bridge physical distances but also redefine
In a recent development, Hong Kong police officers have apprehended Joseph Lam Chok, a prominent crypto influencer, for his involvement in promoting the JPEX crypto platform. Lam Chok’s company, located at the Entertainment building in Central, was raided during the operation. This incident has shed light on the alleged rug-pulling activities of JPEX, leaving numerous