Terra blockchain achieved a major milestone with its strategic upgrade to version 2.4 at block height 5994365. The upgrade introduced various updates aimed at enhancing the adoption of its native token, LUNA. The Terra Twitter page announced the significant upgrade to version 2.4, aimed at promoting wider LUNA token acceptance. Terra Core has successfully upgraded…
Binance announced its 24th BNB burn as the asset remained consolidated in the red zone. Over 1.99 million BNB tokens were burned, valued at over $484 million during the transaction, resulting in a 1.27% reduction in BNB’s total supply, which now stands at 153.85 million coins. #Binance completes the 24th Quarterly #BNB Burn! 🔥 1.99m…
Meta and Microsoft have collaborated to launch Llama 2, an open-source large language model specifically optimized for Microsoft’s Windows and Azure cloud computing platforms. Meta and Microsoft have announced a partnership to introduce Llama 2, a free open-source model available for research and commercial purposes. Llama 2 has been trained on 40% more publicly accessible…
The Arkham Foundation has launched the first on-chain intel exchange, with its ARKM token hitting an all-time low of $0.6331. Arkham Intelligence, the blockchain analytics platform, has successfully completed Arkham Beta and is now open for all users. The platform introduces the Arkham Intel Exchange, the world’s first on-chain intelligence exchange, enabling anonymous buying and…
Berenberg has issued a new report on Coinbase following the Ripple lawsuit. Berenberg, the Germany-based international investment bank, has released a new report on Coinbase after the Ripple lawsuit. The report highlights the regulatory risks and challenges that Coinbase is currently facing. The recent court decision regarding Ripple made a dual distinction, ruling XRP as…
LINK is among the few exceptions today, showing gains in the green. Bitcoin’s price suffered a setback in the last 24 hours, dropping to an 18-day low of $29,650. Additionally, most altcoins are in the red, and Ethereum (ETH) is approaching the $1,900 level. Among the larger caps, SOL experienced the most significant decline. BTC…
The US SEC has acknowledged Valkyrie’s spot Bitcoin ETF application, following the acceptance of BlackRock’s spot Bitcoin ETF application. The US SEC has accepted Valkyrie’s recently filed spot Bitcoin (BTC) ETF applications and has initiated a public comment period to gather feedback before conducting its official review. This is the final application acknowledged by the…
The federal regulatory agency has provided an opportunity for investors, traders, and the general public to submit their views on the Bitcoin ETF filings made through the Cboe exchange. The SEC stated that these comments would be published on their website. Before the July 2023 US Federal Reserve’s FOMC meeting, Bitcoin’s price is stable around…
Australia’s big four banks, including the National Australia Bank, have collectively blocked payments to crypto exchanges. Australian authorities’ increased scrutiny of the crypto industry has resulted in banks showing reluctance to collaborate with crypto exchanges and firms. National Australia Bank Ltd (NAB) has now joined other major banks in the country, including Westpac Banking Corp.,…
The volume surge of certain altcoins on Upbit, South Korea’s largest cryptocurrency exchange, has caught attention. Following Ripple’s legal victory against the SEC, there was a substantial surge in the price of XRP in the cryptocurrency market. South Korea’s largest cryptocurrency exchange, Upbit, experienced significant movement in the market, particularly in altcoin volume, over the…
Israeli military officials have confirmed the use of AI for tactical intelligence in air strikes. However, this deployment raises ethical implications and concerns regarding the responsible use of AI in warfare. Amid escalating tensions in occupied territories and with Iran, the Israel Defense Forces (IDF) are utilizing artificial intelligence (AI) for target selection and logistics…
TRX has been resilient to the recent crash but a new support test is likely. Investors may want to wait for a more attractive price level. Bitcoin’s recent surge has aided in recovering the losses that many altcoins faced in the first half of June. Tron, in particular, came close to reclaiming $0.08580, its highest…
If you’re looking for cryptocurrencies that could give you huge profits in the next bull run, here are a few that are currently trading under $1: 1. XRP: XRP is a digital asset that was created by Ripple Labs. It is used for cross-border payments and has been gaining popularity in recent months. 2. Cardano…
The SEC’s acknowledgment marks the start of the official review process for BlackRock’s ETF proposal. The SEC has accepted Nasdaq’s application for a spot Bitcoin exchange-traded fund (ETF) after acknowledging a similar application by Bitwise the previous day. The SEC’s acknowledgment marks the beginning of the official review process for BlackRock’s ETF proposal. This initial…
Solana (SOL) experienced an impressive 89% surge in market cap over the past 24 hours. Currently, Solana and Cardano are in fierce competition, with just a 2% difference in their market caps. After the Ripple (XRP) victory against the U.S. SEC, “Ethereum Killers” Solana (SOL) and Cardano (ADA) have emerged as robust contenders in the…
Monochrome has revised its application for a Bitcoin ETF license with its partner Vasco Trustees. If approved, the ETF would allow Australian retail investors to invest in Bitcoin directly. Monochrome Asset Management has revised its application with Vasco Trustees to offer a spot Bitcoin ETF on the ASX, giving investors access to Bitcoin. Monochrome’s Bitcoin…
US House Representative Tom Emmer highlighted the significance of the Ripple case in clarifying the difference between tokens and investment contracts. Emmer Wants Crypto Clarity Act Passed: Emmer stated his plan to bring clarity to this issue through the Securities Clarity Act, a bipartisan bill aimed at ensuring regulatory certainty for the future growth of…
The upcoming spot Bitcoin ETF will offer a unique feature compared to previously launched Bitcoin ETNs. Shareholders will have ownership of a portion of the fund’s underlying assets. After facing a delay of 12 months from the original planned launch, the first Bitcoin ETF public listing in Europe is set to take place this month….
In the inaugural institutional-grade crypto ESG ranking conducted by CCData, Ethereum (ETH) emerged as the top-ranked cryptocurrency, while Bitcoin (BTC) did not make it to the top 10. The top five cryptocurrencies in the ranking are Ethereum (ETH), Solana (SOL), Cardano (ADA), Binance Coin (BNB), and Aptos (APT). Notably, Ethereum (ETH) is the sole crypto…
With Wallet Pay, users can conveniently make direct payments using Tether, Toncoin, and Bitcoin within the Telegram app. This feature enables payments to merchants through bots or web applications on Telegram. Wallet, the crypto and payment solution integrated into Telegram and based on The Open Network (TON), introduces Wallet Pay. This feature allows for merchant…
Paul Grewal’s tweet confirms that Coinbase has quickly responded to the SEC’s aggressive action and is ready to present its case in court tomorrow. SEC’s continuous assault on Coinbase’s legal defenses causes concern in the crypto community. Allegations including major questions doctrine, abuse of discretion, equitable estoppel, unclean hands, and laches raise doubts about Coinbase’s…
Terra Luna Classic Validator Announces Token Burn Strategy to Boost LUNC Price In an effort to revitalize the value of LUNC tokens, the Terra Luna Classic validator has revealed plans to burn billions of LUNC tokens. The objective behind this token burn is to reintroduce validator burns and potentially drive the price of LUNC tokens…
South Korea Implements Crypto Accounting and Disclosure Rules for Transparency and Investor Protection South Korea has recently implemented new regulations pertaining to the accounting and disclosure practices within its crypto industry. Introduced by the country’s top financial regulator, these rules aim to enhance transparency and safeguard investors following the market upheaval experienced last year. The…
Shiba Inu, launched in August 2020 at a small price of $0.00000000051, experienced a significant dip by the end of the year, resulting in an additional zero in the price. However, SHIB witnessed an incredible rally in 2021, removing six zeroes from its price within 10 months and creating millionaires among early investors. This exceptional…
The UK’s financial regulator, the FCA, has closed down 26 cryptocurrency ATMs this year as part of a joint investigation with other law enforcement agencies. The FCA, the financial regulator in the UK, has closed down 26 out of 34 crypto ATMs that it examined since the beginning of this year. Through a collaborative investigation…
Binance witnessed a significant BNB deposit in the past 12 hours following the news of the Arkham token sale. The daily trading volume of BNB experienced a staggering 180% increase, reaching $895 million. Lookonchain, a blockchain analytics firm, reported a significant BNB transfer on Binance within the last 12 hours. An unidentified whale transferred approximately…
BitOasis, the initial crypto exchange to obtain an operational license in Dubai, has had its license suspended by the local regulator due to failure in meeting essential conditions within the specified timeframe. Dubai’s cryptocurrency regulator has suspended the license of BitOasis, a crypto exchange, for not meeting the required conditions within the specified timeframes. On…
At the AI for Good global summit, organized by the United Nations tech agency, a panel of robots and their creators took part in a press conference. Reporters had the opportunity to ask questions, and the robots provided answers and insights on various AI-related matters. During the AI for Good 2023 global summit, a panel…
The XRPL’s popularity and adoption as a preferred smart contract network have led to its ongoing growth. In an exciting development, the XRPL achieved a significant milestone by closing its 81 millionth ledger earlier today. XRPL: Dominant Smart Contract Protocol with Longevity The XRPL, a well-established smart contract protocol for over a decade, stands out…
According to Santiment analysts, the cryptocurrency Shiba Inu (SHIB) has experienced an increase of around 9% from its recent low on Friday. After reaching its highest value in October 2021, the coin has witnessed a significant decline in market capitalization, losing approximately 90% of its value amidst the current bearish trend in the cryptocurrency market….
BRICS Alliance Pursues New Currency to Challenge U.S. Dollar The BRICS alliance, consisting of five nations, is eager to introduce a new currency that would compete with the U.S. dollar for international transactions. They plan to convene in South Africa during the upcoming BRICS summit in August to collectively discuss the establishment of this new…
Tether Freezes $2.5 Million in USDT Linked to Fantom Foundation Breach Tether, the stablecoin issuer, has taken the step of freezing $2.5 million worth of USDT due to its connection to a suspected exploit of the cross-chain router protocol Multichain. This action by Tether aims to safeguard the affected funds and prevent any potential misuse…
In a positive development, SHIB has seen a surge of 1.94%. The Shiba Inu project has hinted at an upcoming update that holds the potential to surprise and captivate the global community. Shiba Inu (SHIB) Gains Bullish Momentum Ahead of Upcoming Surprise: Shiba Inu (SHIB) is currently experiencing a bullish market sentiment as crypto investors…
Warren Davidson (R-Ohio) expressed doubts about the future of cryptocurrencies in the US economy. In response, Powell affirmed the enduring presence of cryptocurrencies. During his testimony before Congress, Chairman Jerome Powell expressed confidence in the long-term sustainability of cryptocurrencies as an investment category in the United States. During his appearance before the House Committee on…
Google Cloud and Bitcoin Lightning Network Join Forces as Apple Halts Bitcoin Tipping, Fueling Potential Growth Google Cloud has joined the growing list of companies expressing interest in Bitcoin Lightning. The cloud and data service, valued at $225 billion, has recently formed a partnership with Voltage, an infrastructure provider that specializes in the Bitcoin Lightning…
Binance, the biggest cryptocurrency exchange globally, began the day by making announcements related to various altcoins. Binance has recently delisted trading pairs involving BUSD (Binance USD) for several altcoins. The delisted pairs include ATA/BUSD, FORTH/BUSD, JST/BUSD, QTUM/BUSD, SUN/BUSD, ZEN/BUSD, and ZRX/BUSD. Binance has announced several changes regarding trading pairs on its margin platform. Starting from…
Multichain is currently investigating the situation and has advised all users to stop using its services temporarily. On July 6, the multichain bridge experienced significantly high outflows, indicating a possible exploit of the platform involving millions of dollars. Shortly after, Multichain protocol announced the suspension of its operations. According to reports, a substantial sum of…
Terra Luna Classic staking reaches ATH amidst community’s focus on challenges and opportunities, while LUNC price remains volatile. The Terra Luna Classic community is actively engaged in revitalizing the ecosystem, aiming to uplift both the Terra Luna Classic token (LUNC) and the USTC token to a value of $1. However, challenges arise due to conflicts…
Twitter competitor Threads launches today, and Elon Musk openly mocks it while sharing recent Twitter conversation. Former Twitter CEO Elon Musk engaged in a Twitter exchange where he took a jab at Meta’s Instagram and Threads, escalating the ongoing rivalry between him and Meta CEO Mark Zuckerberg. The confrontation started when Meta launched its new…
International investors closely watch the minutes of the US Federal Open Market Committee (FOMC) meetings The Federal Reserve shared additional information about the results of its meeting in mid-June through a document called the “minutes,” which was published on July 5. The minutes reiterated the Federal Reserve’s goal to maintain the federal funds rate, also…
Saxo Bank of Denmark instructed to sell off its crypto holdings as per regulatory directive. The Danish financial regulator cited the current prohibition on banks engaging in proprietary crypto trading. Denmark’s systemically important financial institution, Saxo Bank, directed by the country’s financial regulator to divest its own crypto holdings. Denmark’s Financial Supervisory Authority cites legal…
The price of Storj (STORJ), a popular cryptocurrency, has experienced a thrilling increase of almost 45% today. Along with this surge, the Storj team made an interesting move by depositing a significant amount of 2.5 million STORJ tokens, which is worth around $1.22 million, into Binance, a top cryptocurrency exchange. Data analytic firm Lookonchain shared…
XRP Lawyer Provides Timeline for Ripple-SEC Case, Ripple Price Rebounds Ripple (XRP) captivates the crypto community with its potential and ongoing legal battle against the SEC. The lawsuit adds intrigue to Ripple’s prominence in the cryptocurrency world. XRP advocate John Deaton has provided clarification on the expected timeline for a summary judgment in the Ripple…
After the incident, Dogecoin (DOGE) has seen a minor surge, reaching the $0.07 mark once again after four weeks. Dogecoin (DOGE), the famous memecoin, has made a small comeback, reaching the $0.07 level again after four weeks. This rise follows the biggest DOGE shorting event of 2023, which happened six days ago and may have…
Brazilian lawmakers call for attendance of Binance, Bitso, and OKX representatives in parliament to address crypto exchange matters. Apart from alleged crypto pyramid organizers, Brazilian lawmakers also summon “witnesses” and “experts” in the crypto industry to address exchange-related issues in parliament. Lawmakers seek to gain insights into crypto and crypto-themed pyramid schemes, aiming to enhance…
Terra Classic Community Proposes Binance CEO CZ for Leadership in Revitalization Efforts. The Terra Classic (LUNC) community has made a bold decision by suggesting the formation of a central authority to address internal conflicts. They have nominated Changpeng Zhao, the CEO of Binance, a renowned cryptocurrency exchange, for this leadership position. Let’s explore the proposal…
The core developer group of Terra Luna Classic, known as Joint L1 Task Force (L1TF), has put forward a proposal for a bug bounty program. This program aims to enhance the security of the platform by incentivizing individuals to identify and report any potential vulnerabilities. The initiative seeks to promote a safer environment for users…
Earlier this year, the Bank of England and the UK government’s finance department released a document to gather public input on creating a digital version of the country’s currency issued by the Central Bank. During that period, officials mentioned the possibility of introducing a digital pound by the latter half of the current decade. The…
After prolonged negotiations, Cameron Winklevoss, co-founder of Gemini Exchange, took to Twitter today to share his “final offer” regarding the restructuring of Genesis, a struggling digital asset firm. Winklevoss’s message made it clear that Barry Silbert, the founder of Digital Currency Group (DCG), is responsible for a substantial debt of $1.46 billion. If the debt remains…
Shiba Inu (SHIB) Price Surges Amid High Trading Activity, Linked to Poly Network Attack Shiba Inu (SHIB), a popular meme coin, has experienced a surge in its price with a lot of trading activity. Despite many people selling their SHIB tokens, the price has stayed above $0.000007679 and even increased by around 1.5%. This shows…