Atomic Wallet, the company at the center of a $100-million hack, has filed a dismissal motion in a United States court, urging the court to reject the class action suit seeking damages. The firm argues that the claims should have been filed in Estonia, where it is based, rather than in the US. According to
In a recent security breach, Taipei-based market maker and trading firm Kronos Research experienced unauthorized access to its API keys, resulting in the withdrawal of a substantial amount of crypto assets. The company promptly addressed the incident via a post on X (formerly Twitter), acknowledging the breach and halting all trading operations to conduct a
2023 has witnessed a surge in the focus on digital asset regulation as countries around the world recognize the importance of creating a safe crypto market. Despite these efforts, widespread adoption of digital assets is still a distant goal. The lack of uniform regulation and the dynamic nature of the crypto market pose significant challenges.
The NFT space, although exciting, is not without its challenges. Scalability, security, and the lack of user-friendly NFT marketplaces are among the key obstacles faced by the industry. As more transactions occur, networks like Ethereum can experience slowdowns, causing delays and high fees for users. Additionally, security is a major concern as cyberattacks have led
It has been a year since the collapse of the FTX exchange, an event that had a profound impact on the cryptocurrency market. The collapse saw nearly $300 billion wiped off the market cap, affecting several cryptocurrencies. However, as time has passed, we can now observe the recovery and growth of certain cryptocurrencies that were
The week ending Sat, Nov 18 witnessed a decline in XRP token prices. Following a substantial increase from $0.49 to $0.72 in mid-October, XRP saw a drop to $0.61 by Sunday morning Tokyo time. This volatility in prices has left many investors uncertain about the future of XRP. Renowned attorney John Deaton recently shared his
The growth rate of crypto-denominated fentanyl sales has experienced a significant decline in 2023, according to research conducted by TRM Labs. The research reveals a correlation between the slowdown and the aggressive measures taken by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) in pursuing individuals and entities associated with fentanyl
It’s no secret that the GameFi market has been thriving in the 2023 crypto market, with tokens like Rollbit’s $RLB gaining significant attention. However, there’s a new player in town that is set to outperform its competitors – TG.Casino. With its unique features and attractive offerings, TG.Casino has managed to raise $2.5 million in funding,
Yearn.Finance’s governance token (YFI) experienced a sudden and significant decline of over 43% within a mere five-hour span on November 18th. This steep drop came shortly after the token had surged by nearly 170% earlier in the month, raising concerns among investors about the possibility of an exit scam. The market capitalization took a major
In a bold move to revolutionize the private market investing landscape, tech firm Republic has recently teamed up with Avalanche, a leading blockchain platform. This strategic partnership aims to democratize investing by introducing a profit-sharing digital asset called the Republic Note (R/Note), backed by Republic’s extensive private equity portfolio. The collaboration between these two entities
The decentralized finance (DeFi) market has undoubtedly been one of the most intriguing and unpredictable sectors within the crypto industry. While Bitcoin (BTC) continues to dominate the headlines, the DeFi sector has experienced significant growth and volatility in recent times. In 2020, the total value locked (TVL) in DeFi protocols skyrocketed from $1 billion to
The asset management giant Fidelity, which oversees $4.5 trillion in assets, has joined the race to launch an Ethereum (ETH) exchange-traded fund (ETF). The firm recently filed an application with the United States Securities and Exchange Commission (SEC) to list and trade shares of the Fidelity Ethereum Fund on the Cboe BZX Exchange. This move
Fidelity Investments, one of the largest asset managers in the world, has recently filed for a spot Ethereum exchange-traded fund (ETF). This move comes shortly after its competitor, BlackRock, submitted a similar filing for its own spot Ethereum ETF. With both companies vying for approval, the race is on to see which one will be
The path to the approval of a spot Bitcoin exchange-traded fund (ETF) seems to have taken an interesting turn. Bloomberg analyst Eric Balchunas recently reported that securities regulators are advising spot Bitcoin ETF applicants to handle funds in a specific way. This development indicates a potential shift in the regulatory approach and presents new challenges
Leading cryptocurrency exchange Coinbase is revolutionizing the world of on-chain payments with the introduction of its cutting-edge Onchain Payment Protocol. This open-source protocol is set to streamline and standardize on-chain payments, providing a solution to the common transactional challenges faced by merchants and customers alike. Coinbase’s Onchain Payment Protocol aims to create a unified experience
In the world of cryptocurrency, new tokens emerge regularly, presenting investors with opportunities for significant gains. Two such tokens making waves in the market are BABYGORK and Bitcoin ETF Token. However, as with any investment, it is crucial to carefully evaluate the risks and rewards before diving in. BABYGORK has recently experienced an astonishing surge
There is a growing concern among Ethereum (ETH) holders as some of them have started panic selling and diversifying their portfolios into layer-1 altcoins like Solana (SOL) or Cardano (ADA). This trend is primarily driven by the fear that Ethereum may not be able to outperform the market as it did in the last bull
GS Partners, a company operating in the Web3 domain, is currently facing a significant wave of regulatory scrutiny across multiple states in the United States. Accusations leveled against GS Partners include violations of securities laws, false claims, and omissions regarding the sale of unregistered tokenized assets to retail investors. The regulatory actions directly target various
With the possibility of U.S. spot Ethereum (ETH) ETFs becoming a reality, experts are questioning the extent to which their approval will influence the market compared to Bitcoin (BTC) equivalents. Bitwise, the world’s largest crypto index fund manager, believes that the impact will be less significant. In an interview with CryptoPotato, Juan Leon, an analyst
In recent days, the Bitcoin price has experienced a retracement and is now targeting the $40,000 mark. However, amid this price movement, crypto traders have turned their attention to a new stake-to-mine Bitcoin alternative called Bitcoin Minetrix. This alternative has gained significant attention, with its ICO raising over $4 million. As the leading cryptocurrency continues
South Korea’s National Pension Service (NPS) has made a strategic investment in the U.S.-based cryptocurrency exchange, Coinbase. This move marks a significant milestone for NPS as it is the first time the pension fund has added a digital assets company to its U.S. stock portfolio. According to a recent filing with the U.S. Securities and
The price of Solana (SOL) has witnessed a remarkable rally in recent days, surging over 50% and outperforming both Bitcoin and Ethereum. As SOL surpasses the $60 mark, investors are eagerly anticipating if the price will continue to rise, with $75 being the next significant level to watch. Solana’s upward movement began with a breakthrough
Solana (SOL) has experienced a surge in value, reaching new yearly highs with a gain of over 17%. This significant increase comes just one day after Cathie Wood, the CEO of ARK Invest, commended the Solana network for its efficiency and cost-effectiveness. In a recent interview with CNBC, Wood described Solana as a major infrastructure
The New York State Department of Financial Services (NYDFS) has recently implemented stricter guidelines for firms listing and delisting cryptocurrencies in order to better safeguard the interests of investors. These new measures, unveiled on November 15, require crypto companies to submit their coin listing and delisting policies for NYDFS approval. The purpose of these guidelines
OpenSea users are facing a relentless wave of phishing attacks that pose a significant threat to their personal information and digital assets. These attacks involve deceptive emails containing malicious links, targeting both developers and ordinary users of the OpenSea marketplace. While OpenSea maintains that their platform remains secure, the frequency and sophistication of these phishing
A group of American lawmakers recently voiced their concerns to the U.S. Treasury regarding a proposed taxation scheme for digital assets. In a letter dated November 15th, the lawmakers argued that the rules, as currently proposed, are “unworkable” and have the potential to stifle innovation and adversely affect the digital asset ecosystem. Expanding the Definition
The popular memecoin, Shiba Inu, has recently announced an exciting collaboration with legendary boxer Manny Pacquiao. This unexpected partnership has created a buzz within the cryptocurrency community and has sparked the interest of both Shiba Inu and Pacquiao fans alike. The announcement came alongside the release of the second edition of The Shib Magazine and