Coinbase, one of the world’s leading cryptocurrency exchanges, has made an official entry into the Canadian market. In an announcement on August 14th, the exchange revealed its strategic collaboration with Peoples Trust Company, a subsidiary of the Peoples Group. This partnership marks a significant milestone as it introduces Interac payment rails, enabling seamless Canadian Dollar
In the ever-evolving world of blockchain and cryptocurrency, a new development called Bitcoin Ordinals has emerged. Created by Bitcoin developer Casey Rodarmor in January 2023, Ordinals are inscriptions made on individual units of a digital asset. They function similarly to limited edition lithograph prints, where each Ordinal is numbered and holds a unique value. Adding
Bitcoin mining has experienced significant growth in recent times, with the blockchain network achieving a new all-time high in hash rate during the second quarter of 2023. As a result, Riot Blockchain, one of the leading publicly traded Bitcoin mining companies in the United States, has observed a surge in its operations in the same
In a bid to secure a portion of the expanding cryptocurrency market, PayPal has recently unveiled its stablecoin, PYUSD. This new digital currency aims to enable swift fund transfers for various purposes, including remittances. Furthermore, PayPal has expressed its intention to support Web3 environments and eventually make PYUSD accessible on Venmo. This move towards Web3
The Securities and Exchange Commission (SEC), under the leadership of Chairman Gary Gensler, faces significant regulatory concerns regarding the approval of a Bitcoin spot ETF. Former SEC attorney John Reed Stark suggests that the issue of crypto regulation has become a partisan divide within the SEC, marking a significant shift from the initial bipartisan consensus
The recent filing of an amicus brief by a group of law professors and scholars has dealt a significant blow to the U.S. Securities and Exchange Commission’s (SEC) case against Coinbase. This legal document, which provides additional information and perspective to the court, has been described by crypto lawyer James Murphy as “devastating” for the
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
Bitcoin (BTC) is currently forming two successive Doji candlestick patterns on the weekly charts, indicating indecision in the market. However, the positive sign is that the price is sustaining above the 20-week exponential moving average ($28,072), suggesting that the bulls still have control. In this article, we will analyze the current market conditions for Bitcoin
The blockchain community has been captivated by the potential of Toncoin (TON), a digital currency that offers innovative solutions to longstanding issues in decentralized finance. With its rapid rise in popularity, Toncoin has garnered significant attention and enthusiasm. At the time of writing, Toncoin is trading at $1.46, showcasing a remarkable 10.4% increase in the
In today’s complex and ever-evolving world of blockchain technology, smart contract auditing has emerged as an essential service. As decentralized applications (dApps) continue to grow in complexity and popularity, ensuring their security, functionality, and integrity has become paramount. This article will delve into the significance of smart contract auditing and highlight some of the most
U.S. Senator Cynthia Lummis has recently come out in support of Coinbase’s motion to dismiss the U.S. Securities and Exchange Commission (SEC) lawsuit. In her amicus brief filed on August 11, Lummis argues that the court should dismiss the case and defer the development of appropriate crypto regulations to Congress. As a known advocate for
Lawmakers in Brazil are currently considering a legislation that would increase taxes on cryptocurrencies held overseas. The proposed bill aims to classify cryptocurrencies as “financial assets” for tax purposes in foreign investments. This article will analyze the potential impact of this legislation on the cryptocurrency market in Brazil. Equal Tax Treatment One of the primary
In the past 24 hours, both Shiba Inu and Pepe have surged by 8%, outperforming the broader crypto market. This comes after news of the SEC’s delay in deciding on the Ark Bitcoin ETF, causing the overall market to dip slightly. Analysts have noticed a pattern where, leading up to the previous Bitcoin halving, BTC
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
The GMX token, which powers GMX, a decentralized perpetual exchange for trading complex crypto derivatives, is currently experiencing intense selling pressure. This article delves into the recent downturn, examines the impact of whales selling GMX, and analyzes the implications for the GMX and DeFi communities. The Downturn and Whales Selling GMX As of August 11,
Financial markets have always been known for their unpredictability. Investors have long relied on experts, charts, and algorithms to make informed decisions. However, the advent of artificial intelligence (AI) and technology has introduced new tools that are reshaping the trading landscape. One such platform that is making waves is yPredict, a startup that aims to
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
Collecting art has always been about more than just the art itself. It’s about the story behind the piece and the identity of the artist. However, the emergence of Non-Fungible Tokens (NFTs) has revolutionized the art world by providing a way to attribute provenance to digital objects. In recent years, there has been a surge
Chinese law enforcement agencies are ramping up their measures to tackle the rising incidents of fraud and data theft within the Web3 sector. With personal identity thefts and digital financial crimes on the rise, authorities are facing the challenge of combating fraudulent activities that leverage increasingly sophisticated techniques and technologies in the rapidly evolving digital
Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing a correction in its price after failing to break through the $1,880 resistance zone. The digital asset is now trading below $1,850 and the 100-hourly Simple Moving Average, indicating a bearish sentiment in the market. Formation of Bullish Flag Pattern A bullish flag pattern is forming
Crypto users recently experienced unexpected price fluctuations for Ripple’s XRP token on the Gemini exchange. The relisting of XRP on the platform for deposits and trading led to “wonky” prices, causing concern among community members. This article examines the price glitch, possible explanations, and the impact on Gemini’s platform. Social media platform Twitter was abuzz
Binance Labs, the investment arm of Binance, recently announced that it has invested $5 million in Curve DAO Token (CRV) to support the decentralized finance (DeFi) platform. This move comes in the wake of a recent attack that resulted in the theft of at least $60 million from Curve Finance. In this article, we will
The U.S. Securities and Exchange Commission (SEC) recently announced a settlement of $24 million with Bittrex and its former CEO, William Shihara. The SEC had made several allegations against Bittrex, accusing the company of instructing coin issuers to remove statements that could potentially raise regulatory concerns. Gurbir S. Grewal, Director of the SEC’s Division of
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
In a surprising turn of events, decentralized exchanges (DEX) on Coinbase’s newly launched layer2 network, Base, have quickly surpassed the trading volume of established layer1 networks such as Cardano (ADA) and others. Data from DeFiLlama reveals that within 24 hours of its launch, Base ranked among the top 10 networks by trading volume, generating an
Curve, the decentralized stablecoin trading platform, has received a significant boost with a $5 million investment from Binance Labs, the venture arm of cryptocurrency exchange Binance. This investment marks an important milestone for Curve and highlights the growing interest in decentralized finance (DeFi) projects. Curve has established itself as a major player in the DeFi
Following Ripple’s recent legal victory against the United States Securities and Exchange Commission (SEC), there has been a surge in activity on the XRP Ledger. This increased activity has resulted in XRP surpassing Ethereum as the blockchain with the highest number of daily transactions. While the initial excitement from Judge Analisa Torres’s ruling has subsided,