MicroStrategy has bought more Bitcoin (BTC), adding 5,445 of them to its holdings. This purchase cost around $147.3 million, at an average price of $27,053 per Bitcoin. MicroStrategy, a U.S. blockchain intelligence company, has further solidified its position as a major institutional supporter of Bitcoin. The company recently added 5,445 Bitcoin (BTC) tokens to its…
Following the ongoing JPEX scandal, the Hong Kong Securities and Futures Commission plans to create a list of crypto trading platforms that seem suspicious and make it available to the public. The Securities and Futures Commission (SFC) in Hong Kong, an important financial regulator, is determined to crack down on unregulated cryptocurrency trading platforms operating…
Bitcoin’s price experienced a notable drop, falling from a daily high of $27,500 to $26,500 after the Federal Reserve announcement. This decline has sparked concerns and fears among traders and investors, reviving speculation about the possibility of Bitcoin dropping to $20,000. Such sharp price drops in Bitcoin and other cryptocurrencies often lead to extreme fear…
Despite optimistic outlooks and forecasts for Shiba Inu (SHIB) to reach prices of $0.1 and $0.01, the meme coin is finding it challenging to keep its value steady in the unpredictable market. This situation has made SHIB holders lose confidence in Shiba Inu, and it’s also discouraging potential investors. People are hesitant to invest in…
A crypto expert anticipates a bullish trend for XRP, aiming for $4.4 to $5 within two to four months. The analysis emphasizes the inverted hammer candlestick pattern, known for past XRP price surges. A well-known cryptocurrency expert, EGRAG CRYPTO, has released a positive analysis for XRP. They’ve uncovered a bullish signal that might result in a…
Solana, represented by SOL, has made a strong comeback in terms of price, but it’s been facing a general downward trend. The recent movement saw the price go from $17.3 to $20.54, giving those in favor an 18% profit. However, going beyond the $20 mark might prove to be a bit challenging. Looking at the…
Arbitrum (ARB) has bounced back from its one-year low and is currently trading at $0.84. The partnership between Chainlink and Arbitrum is making progress in developing cross-chain decentralized applications (DApps). Arbitrum (ARB), a Layer 2 blockchain protocol, has been making notable progress in the crypto space. Its native token, ARB, is rebounding from a bearish…
The cryptocurrency market remained in a negative trend, but Pepe coin saw a rally. Meanwhile, many other alternative cryptocurrencies experienced a decline in momentum. On Saturday, September 23, the cryptocurrency market remained in a negative state as investors held back. Recent market performance indicated a shift in trader sentiment, with a noticeable decline in momentum….
Documents seen by Fortune suggest that Coinbase has been looking into the possibility of acquiring FTX Europe since September 2023. Coinbase, a crypto exchange, considered buying FTX Europe to expand its derivatives business but didn’t proceed with the deal. This shows Coinbase’s interest in entering the derivatives market and growing its global presence. Despite FTX’s…
Eclipse, an organization specializing in customizable rollups, has introduced its Eclipse mainnet. This Ethereum layer two (L2) scaling rollup will be powered by Solana, utilizing its robust security and performance advantages. Eclipse, an organization specializing in Ethereum scaling solutions, has unveiled its Eclipse mainnet L2 (layer two) solution. This project, claimed to be the “fastest”…
eToro is now an approved Crypto Asset Service Provider in Europe, having received the green light from the Cyprus Securities and Exchange Commission. This approval comes ahead of the upcoming Markets in Crypto-Assets Regulation set to debut in December 2024. With MiCA-approved registration, eToro can expand its cross-border crypto asset services across the EU as…
Robert Kiyosaki, famous for his financial advice in the “Rich Dad, Poor Dad” books, is taking a different approach to Bitcoin. Instead of making predictions about its future price, he’s asking a simple question: “How many Bitcoins do you have today?” Kiyosaki’s focus on the present rather than the future reflects his concerns about the…
The government of Busan, South Korea’s second-largest city, has announced its plans for the exchange’s initial focus, which will involve the trading of tokenized commodities. The city government of Busan, South Korea’s second-largest city, has announced its plan to establish a digital assets exchange. The official business launch is targeted for the first half of…
Local media reported that Hong Kong police had arrested at least 11 individuals in connection with the suspected fraud case. Hong Kong authorities have told local telecom companies to block access to JPEX, the troubled cryptocurrency exchange. Local police have arrested at least 11 people and conducted raids at many locations, seizing assets related to…
On September 10, the Hong Kong Monetary Authority (HKMA) stated that crypto companies that portray themselves as banks are violating the region’s Banking Ordinance. The HKMA explained that such representations might lead the public to believe these crypto firms are trustworthy financial institutions. Misleading Descriptions Breach Banking Ordinance The Hong Kong Monetary Authority (HKMA) has…
In a major development, a former executive from Deutsche Bank, a leading German financial institution, has been sentenced to 30 years in prison for participating in a cryptocurrency fraud scheme. The US Department of Justice (DOJ) released a statement explaining the case, emphasizing the individual’s admission of guilt and describing the fraudulent activities involved. Long…
In the world of cryptocurrency, innovation is constant. The VeChain Technology Center in Ireland has introduced VeWorld, a cutting-edge self-custody wallet. VeWorld’s launch was announced on X, and it’s expected to make a big impact on the VeChainThor blockchain. This mobile wallet is packed with features, providing security and convenience for crypto enthusiasts and developers….
Bitcoin has risen back above $27,000 ahead of the FOMC meeting, but a decline in stablecoin supply controlled by major investors could hinder its upward momentum. Bitcoin bulls are making a strong return after facing resistance at $27,200 earlier this week. All eyes are on whether BTC can establish itself above $27,000, potentially pushing toward…
In the ongoing legal battle between Binance.US and the SEC, a federal judge made an important decision. The judge denied the SEC’s request to access Binance.US’s technology systems during a hearing where Binance.US argued that the SEC’s request was too broad and intrusive. Federal Magistrate Judge Zia Faruqui stated that he was not inclined to…
The wealthiest individual globally, known for making unexpected statements, intends to introduce a paywall on the platform to deter automated accounts. Elon Musk, the owner of X (formerly Twitter), has hinted at the possibility of making all users pay to access the platform. He believes that introducing a paywall could help deter automated accounts, often…
To celebrate its Formula 1 history, Honda intends to distribute exclusive NFTs to fans during upcoming races in Japan. At the Formula 1 Honda & Red Bull Welcome Event in Tokyo on Sept. 20, Honda will give away limited-edition NFTs to attendees. Fans can enter a lottery to purchase event tickets and have a chance…
Binance CEO Changpeng Zhao is defending the company’s $3 million cryptocurrency donation for earthquake relief in Morocco. Critics raised concerns that converting BNB into Moroccan Dirham is challenging and that the donations primarily benefit Binance users. CZ responded, explaining that cryptocurrencies can be converted into cash and that their donations are intended to provide help…
XRP lawyers criticize NYDFS for taking XRP off the approved list, saying it’s a political and punitive move. XRP lawyers are upset with the New York State Department of Financial Services (NYDFS) for taking XRP off their list of approved cryptocurrencies and stablecoins. Even though a judge ruled that XRP itself isn’t a security, the…
The cryptocurrency group in Taiwan has asked El Salvador for help in making better rules for cryptocurrencies. The Taiwan Crypto Association talked to officials in El Salvador, like the Virtual Assets Bureau, Presidential Office, and central bank. They asked for help in making better rules for cryptocurrencies. Right now, Taiwan’s rules don’t allow trading cryptocurrency…
NYDFS plans to introduce a framework to enhance transparency in cryptocurrency-related actions, such as adding or removing cryptocurrencies from exchanges. The New York State Department of Financial Services (NYDFS) has strict rules for crypto companies in the state. They are now planning to introduce a framework to make cryptocurrency activities, like adding or removing cryptocurrencies…
Veteran strategists at Goldman Sachs have shared their forecasts regarding the Federal Reserve’s actions in the upcoming period. Goldman Sachs strategists, in a recent report, made predictions about the actions of the US Federal Reserve. They suggested that it’s unlikely for the Fed to raise interest rates during the meeting scheduled between October 31 and…
Base Network had more daily transactions than Optimism and Arbitrum but still fell behind Polygon and Binance Smart Chain (BSC). Coinbase’s layer-2 network called Base achieved a new daily transaction record, surpassing its previous high since its launch in August, as reported by blockchain explorer BaseScan. On September 14, Coinbase’s layer-2 blockchain, Base, reached a…
This fraudulent operation tricked more than 3,000 investors into putting their money into gold and USDT, a stable cryptocurrency. Thailand’s Cyber Crime Investigation Bureau (CCIB) has arrested four Chinese nationals and one individual from Laos in connection with a fraudulent cryptocurrency investment platform that swindled approximately $76 million (2.7 billion Baht) from local investors. Fake…
Ripple CEO Brad Garlinghouse envisions XRP as the next Bitcoin if a multi-trillion-dollar challenge is addressed. He highlights Ripple’s collaboration with regulators and regulated financial institutions, focusing on jurisdictions with clear regulatory guidelines. XRP’s appeal lies in its utility for cross-border payments, distinguishing it from tokens primarily used for market manipulation, akin to XLM. During…
“Krafton, the company behind PUBG, is entering the world of NFTs and the metaverse with ‘Overdare,’ a creation-centric platform.” South Korean game company Krafton, famous for PUBG, is entering the NFT and metaverse realm with its project ‘Overdare.’ The game is set for a soft launch in December and a full release between January and…
Binance, a cryptocurrency exchange, has revealed that it will introduce a new alternative cryptocurrency for futures trading with leverage of up to 20x, as stated in their announcement. Binance Futures, the cryptocurrency futures trading platform of Binance, has announced the launch of a new perpetual contract for Hifi Finance (HIFI), a decentralized lending and borrowing…
Dr. Jordan Peterson, a well-known Canadian psychologist and best-selling author with over 4.6 million followers, started a discussion on September 14th about the “debanking” movement and how Bitcoin might make traditional banks less relevant. Peterson’s post gained notice in response to reports from Australia about Macquarie Bank’s decision to gradually eliminate cash, cheques, and telephone…
Mark Cuban has confirmed that he was hacked, but at the moment, he doesn’t seem to know precisely how it occurred. Around $900,000 worth of cryptocurrency was reportedly stolen from one of the digital wallets owned by billionaire investor and Dallas Mavericks owner Mark Cuban. An independent blockchain investigator, @WazzCrypto, noticed the hack on September…
While Shibarium has been running smoothly and achieving its milestones, some people in the community are getting concerned about how quickly Shiba Inu tokens are being burned (destroyed). Shibarium’s mainnet sees about 200,000 daily transactions, with over 27 million $BONE gas fee tokens staked on the network. In the past 24 hours, $SHIB has increased…
The US SEC (Securities and Exchange Commission) has asked for permission to open up and show everyone the secret papers in a lawsuit they have against Binance, BinanceUS, and their CEO, known as “CZ.” They want to make these private documents public. The U.S. Securities and Exchange Commission, or SEC, wants to show some papers…
Polygon Labs has started Polygon 2.0, a major Ethereum upgrade. They released three proposals to make Ethereum better and started changing MATIC to POL tokens. Polygon Labs has kicked off Polygon 2.0, a big upgrade for Ethereum, with three proposals to improve it and the transition of MATIC to POL tokens. This marks a significant…
This article highlights three significant developments in the crypto industry: the launch of the EU’s first spot Bitcoin ETF, the introduction of Sei Network, and the sale of 300 million TCRV by Tradecurve Markets. During the fifth stage of the Tradecurve Markets presale, 32 million TCRV tokens were purchased. Tradecurve Markets has a goal to…
Bitcoin’s price has rebounded, trading above $26,000, but it hasn’t been able to break through the resistance at $26,565. This stability comes after the release of the Consumer Price Index (CPI) data, which suggests a potential uptrend. Bitcoin’s price has been steadily climbing from the support level of $25,000 earlier this week. One contributing factor…
The Australian crypto platform, GroveX, started offering trading services for three meme coins earlier this week. Lately, some of the most talked-about meme coins in the last few months, like SHIB, BONE, and LEASH, have been gaining popularity among various cryptocurrency exchanges. One of these exchanges, GroveX, which is based in Australia, has also joined…
CoinEx Halts Transactions After $54 Million Cryptocurrency Theft Due to Security Breach. CoinEx, a cryptocurrency exchange, recently experienced a hacking incident resulting in the loss of over $54 million worth of assets. Although the breach is awaiting official confirmation, it appears that assets stored in Ethereum (ETH), TRON, and Polygon wallets may have been compromised….
Telegram is making a comeback by launching TON Space, its self-custodial cryptocurrency wallet. This marks a return to its ambitious crypto project after a three-year break due to regulatory challenges. The launch coincides with the easing of regulatory pressures in the United States, where the SEC has been trying to control the growing popularity of…
Ripple CEO Brad Garlinghouse suggests that the U.S. should adopt the smart cryptocurrency policies already in place in Singapore, the U.K., the UAE, and Switzerland. Ripple CEO Brad Garlinghouse believes that the United States is one of the worst places to start a cryptocurrency company right now. He expressed this view during a panel discussion…
Clemente suggests Alameda Research’s collapse might be linked to the Terra incident in May 2022, based on their FTX balance history. He speculates it could be due to high leverage or risky transactions for FTX. A crypto expert named Will Clemente believes that Alameda Research, which is connected to the cryptocurrency exchange FTX, faced serious…
Shiba Inu’s special blockchain called Shibarium has done over 2 million transactions in just 15 days, with more than 200,000 transactions happening every day. Shiba Inu’s special blockchain called Shibarium has reached a big number: more than 2 million transactions! This happened in just 15 days after the Shiba Inu team made the blockchain available…
The Terra Luna Classic community has turned down a proposal by the L1 Terra Classic Task Force (L1TF) team. This proposal aimed to test a market swap with a limit in an effort to bring the LUNC and USTC tokens back to a value of $1. The Terra Luna Classic community declined a proposal to…
Coinbase is making big changes to its services around the time of the G20 Summit. Some reports suggest they told Indian users to withdraw their funds by September 25, leading to speculation about them leaving the Indian market. However, it seems they might be changing rules for all customers instead of completely stopping operations in…
The crypto market is in an important week because the United States is sharing data about inflation through the CPI and PPI reports. People are wondering if the US Federal Reserve will decide to “pause” or make changes to their plans based on this data. It’s a significant moment for the crypto market to see…
India won’t rush into making rules for cryptocurrencies. Instead, they’ll talk to other countries and carefully decide how to handle them. It looks like they won’t ban cryptocurrencies. India is taking its time to make rules for cryptocurrencies. They want to talk to other countries about it. It seems they won’t ban cryptocurrencies. The International…
New regulations will make brokers provide more info about digital asset sales and exchanges. These rules are expected to start in 2025. Right now, people have to report their digital asset profits on their taxes. When the pandemic was at its worst, more people started investing in digital assets. Some used the money they got…
“Experts are trying to predict how much Ethereum (ETH) will be worth in the months leading up to the Bitcoin Halving event in the second quarter of 2024.” As we approach the Bitcoin Halving in the second quarter of 2024, it’s worth keeping an eye on the Ethereum price forecast. Ethereum is the second-largest cryptocurrency,…