CZ Offers Initial Response to SEC Lawsuit Against Binance and Himself In a report by Bloomberg, it was revealed that the US Securities and Exchange Commission (SEC) filed a lawsuit against Binance and its CEO CZ, alleging violations of securities laws. CZ, in response to this development, took to his Twitter account and stated: “Our…
During a recent interview with Bankries, Changpeng Zhao, the highly respected CEO of Binance, expressed a positive outlook regarding the future of cryptocurrencies, also known as virtual assets. With confidence, he asserted that the current frenzy surrounding meme coins should be seen as an encouraging sign of the cryptocurrency market’s revival. Zhao attributed the immense…
Despite a short-term downtrend, Litecoin ignites bullish sentiment in the cryptocurrency market as investor interest continues to rise With Litecoin’s highly anticipated third halving approaching, the cryptocurrency is generating significant attention and excitement. Recent network activity indicates a surge in investor interest. Despite a downtrend in price over the past 24 hours, positive on-chain metrics…
The growth was driven by the decentralized finance (DeFi) and gaming sectors, with gaming contributing to 36% of overall dapp usage and 711,913 daily unique active wallets (dUAW) According to the monthly industry analysis conducted by DappRadar, the decentralized app (dapp) market experienced a significant 9.97% growth in May. The report highlights that the average…
Multichain Protocol Restores Cross-Chain Bridges as On-Chain Experts Verify Transactions; MULTI Price Surges by 40% Following confirmation of on-chain transactions by experts, several cross-chain bridges of the Multichain protocol have been restored and are now operational as of June 5. Tung Dinh, Multichain’s Vice President, along with the admin, verified the reestablishment of Multichain’s router2,…
Last month, certain Bitcoin coders expressed discontent over the logjam created by memecoins on the Bitcoin network, while some put forth alternative solutions. Bitcoin blockchain coders/validators are considering the removal of memecoins running on the Bitcoin blockchain, putting them at potential risk. This decision comes in the wake of a significant surge in Bitcoin blockchain…
According to local news sources, an official in Russia has been accused of taking large Bitcoin bribes Marat Tambiyev, the head of Moscow’s Tversky District Investigative Committee Investigative Department, allegedly received around $24 million worth of Bitcoin (BTC) bribes from the hackers being investigated, as reported by Russian local news outlet Kommersant. The access codes…
With its most recent transaction, a prominent cryptocurrency whale on Binance has propelled the price of a significant altcoin to new heights Based on the available data, a notable cryptocurrency whale executed a substantial acquisition of the Solana (SOL) altcoin on Binance. The whale’s purchase of 80,000 SOL tokens, amounting to around $1.6 million, triggered…
The FTX debtors contended that the claim was submitted “without prior notification,” and they were excluded from the mediation proceedings Within a month of FTX, the bankrupt cryptocurrency exchange, pursuing a $4 billion claim against the bankrupt crypto lender Genesis, it is currently challenging a claim asserting that it holds no entitlement. In a court…
A recent warning by the US consumer watchdog has raised concerns about the risks linked to payment apps, effectively highlighting Bitcoin as a secure alternative. The Consumer Financial Protection Bureau (CFPB), a reputable government agency entrusted with protecting consumer interests in the financial sector, has cautioned American citizens regarding the potential risks involved in storing…
Following a guilty plea on charges of wire fraud, aggravated identity theft, and money laundering, a former crypto influencer on TikTok has been compelled to surrender a physical gold bitcoin and over $17,000 in cash. TikTok personality indulged in cryptocurrency with ill-gotten funds Denish Sahadevan, popularly known as Danny Devan on social media, allegedly orchestrated…
In its latest report, Coinbase, the cryptocurrency exchange, emphasized the market value of altcoins within a specific domain Highlighting the immense potential for entrepreneurs, Coinbase, the leading digital asset exchange in the United States, emphasized the significant opportunity that arises from the convergence of artificial intelligence and cryptocurrencies. This intersection not only addresses the concerns…
Montenegro Court Approves Bail for Terra Co-founder Do Kwon with Updated Conditions. Terra co-founder Do Kwon and former chief financial officer Han Chang-joon have been granted bail by the Montenegro Basic Court for the second time. The court approved their request, allowing them to be released from custody. The bail amount for both individuals is…
DeFi Platform Blur Achieves Record-Breaking Total Value Locked with BLEND’s Impact Blur, a decentralized finance (DeFi) platform, made an exciting announcement on its official Twitter account. The tweet revealed that Blur has reached an extraordinary milestone, with a total value locked (TVL) of $160.82 million, marking an all-time high. This remarkable growth can be attributed…
CoreWeave secures $200 million in extended Series B funding, followed by a reported AI cloud computing deal with Microsoft. According to reports, Microsoft has entered into an agreement with Core Weave, a former Ethereum miner, to utilize its cloud computing infrastructure in bolstering its Artificial Intelligence-driven services. Citing insider sources, CNBC’s June 1 report suggests…
In the widely acclaimed global digital series, ‘Build The Block’, Web3 businesses fiercely competed for investment from Binance Labs. Today, zkPass emerged as the victor, receiving the prestigious title of winner from Binance. Among the 12 project finalists that participated in the seven-episode competition, zkPass garnered the highest number of votes, securing the top prize…
Renowned Crypto Analyst Anticipates Significant Price Surge for XRP Amidst Pending SEC Verdict With the outcome of the legal battle between Ripple and the US Securities and Exchange Commission (SEC) eagerly awaited, notable crypto analyst DonAlt suggests that XRP is primed for a substantial upswing in its price. In a recent analysis on his YouTube…
Binance Burns Over 1 Billion LUNC Worth $88K, Total LUNC Burns Surpass 60 Billion Binance Burns Over 1 Billion LUNC Tokens Worth $88,707 in Latest Incineration Event According to data from Terra Finder, Binance conducted a significant burn of 1,044,105,203 LUNC tokens, equivalent to $88,707, on June 1 at 5:14 pm. This burn represented 50%…
Kazakhstan Police Arrest Alleged Mastermind of Fake Crypto Trading Platform Police in Kazakhstan have announced the shutdown of a suspected fraudulent cryptocurrency trading platform, resulting in the arrest of the alleged mastermind. The Ministry of Internal Affairs revealed that a 23-year-old individual, whose name begins with L and was born in 1999, was apprehended. The…
ANA Group, also known as All Nippon Airways, has introduced the “ANA GranWhale NFT MarketPlace,” an NFT platform for trading art and photograph collectibles. The platform operates under ANA NEO, the company’s metaverse subsidiary, as revealed in a recent tweet. According to a statement issued on May 30, ANA announced the availability of the first…
According to the Financial Action Task Force, the country’s central bank must actively identify and penalize service providers that violate the 2019 ban. A global anti-money laundering watchdog reported on Wednesday that Qatar has shown minimal action against cryptocurrency companies that are disregarding a ban imposed in 2019. Accusing the country of being lenient in…
Price of Binance-Listed Altcoin Surges Amidst Partnership Announcement Sui Network (SUI), a leading blockchain and smart contract platform, has recently revealed an exciting partnership with Red Bull Racing, a renowned Formula 1 team with a remarkable track record. This collaboration establishes Sui Network as the Official Blockchain Partner of Red Bull Racing. As part of…
Tether (USDT) Maintains Strong Grip on Stablecoin Market, Surpasses $83 Billion Market Cap Record While USDT is achieving new heights in terms of market capitalization, other stablecoins are facing challenges in maintaining their market dominance. USDT has reached a new all-time high market capitalization, coinciding with difficulties faced by other stablecoin issuers due to regulatory…
Bitcoin’s value declined by 1.36% in a 24-hour period, reaching $26,805. Similarly, Ether experienced a slip of 0.82%, settling at $1,854. Bitcoin’s value dropped below $27,000 during Thursday afternoon trading in Asia. Other major cryptocurrencies like Ether also experienced declines, but most of them showed gains for the week. Cardano was the biggest loser of…
Crypto.com, based in Singapore, has achieved another regulatory milestone by obtaining a license for digital payment token services. Crypto.com, a cryptocurrency exchange based in Singapore, recently announced that it has received a significant license from the Monetary Authority of Singapore (MAS) to provide digital payment token (DPT) services. This follows Crypto.com’s earlier approval from MAS…
Pierre Corbin and Hugo Ferrer, who are AI developers and enthusiasts, have created an AI chatbot called ‘Talk2Satoshi’. The purpose of this chatbot is to mimic the knowledge and style of Satoshi Nakamoto, the mysterious creator of Bitcoin (BTC). It can respond to questions related to cryptocurrency and economics, providing insights in a manner similar…
Crypto firm Magic, which provides non-custodial wallet infrastructure, has secured $52 million in strategic funding. The funding round was led by PayPal Ventures and counts enterprise clients such as Macy’s and Mattel among its customer base. According to a press release, the funding will support the expansion of Magic’s functionality to cater to additional use…
Binance to Stop Trading Monero (XMR), Zcash (ZEC), and Dash (DASH) in France. Binance, the world’s leading cryptocurrency exchange, will disable trading of several privacy coins, including Monero (XMR), Zcash (ZEC), and Dash (DASH), in France. Users residing in France received emails stating that the exchange cited “local regulatory requirements” as the reason for this…
FTX’s newly appointed management has expressed concerns regarding the potential financial ramifications. The district judge emphasized that adherence to the legal criteria was the primary factor influencing his decision to escalate the case to a higher court for an appeal. In the aftermath of the FTX collapse, a significant development has unfolded as a judge…
Cardano, a blockchain platform that uses the ADA cryptocurrency, has made notable progress in development activity, as revealed by cryptocurrency analytics provider Santiment. The frequency of GitHub commits is used to measure the level of development activity in different cryptocurrency platforms. According to the data, Kusama and Polkadot are currently leading in this ranking, demonstrating…
Washington Introduces Bills Addressing CBDCs and Crypto-Related Drug Trafficking As the deadline to raise the debt ceiling approaches, lawmakers are rushing to reach an agreement. Last week, two new bills with a focus on cryptocurrencies were introduced on Capitol Hill. Following several hearings that examined stablecoins, cryptocurrency classification, and regulatory oversight, members of the House…
Optimism and Sui Brace for Expanded Circulating Token Supplies: As mentioned earlier, the Optimism and Sui cryptographic networks are preparing for a substantial token unlock scheduled to occur this week. This will result in a significant expansion of the circulating supply of tokens for both networks. Optimism’s circulating supply will double as a result of…
BitFlyer Supports Transactions to and from Self-Custody Wallets like MetaMask Despite Exchange Restrictions. Japanese Cryptocurrency Exchanges Prepare for Implementation of Travel Rule Anti-Money Laundering Regulations. BitFlyer, a leading Japanese cryptocurrency exchange, has introduced new measures in response to stricter anti-money laundering (AML) regulations governing crypto transactions in Japan, which will come into effect on May…
On Binance Australia, purchasing one Bitcoin using Australian dollars allows buyers to acquire it at a price equivalent to $22,000. However, the challenge lies in transferring the funds to the platform in order to make the purchase. Traders are hurrying to convert their cryptocurrency holdings into Australian dollars as the deadline for AUD bank withdrawals…
In a significant development, leaders within Hong Kong’s Web3 industry unveiled the establishment of two new associations, namely the Hong Kong Licensed Virtual Assets Association (HKLVAA) and Web3 Harbour. The announcement was made at the Radical Finance Asia event on Monday. These associations have a common objective of fostering the growth and advancement of the…
President Joe Biden’s proposed crypto mining tax has been eliminated, marking a significant victory for the Bitcoin mining sector. The removal of the tax proposal safeguards the United States’ position as the leading country for Bitcoin mining, mitigating the risk of losing this status to other nations. This development comes as positive news for the…
Terra co-founder Do Kwon has hired the renowned law firm Dentons to assist him in his legal defense against ongoing prosecution and investigation by US federal prosecutors. Terra co-founder Do Kwon has enlisted the services of Dentons, the world’s largest law firm, to support him in addressing the prosecution and investigation by US federal prosecutors….
The cryptocurrency community is eagerly anticipating the release of important documents related to the legal battle between the SEC and Ripple. People are discussing the case and the factors that will determine its outcome on social media. Recently, it was revealed that Kylie Chiseul Kim, a lawyer from Ripple’s legal team, has decided to leave…
Court Labels New York Attorney’s Quotes Sourced from ChatGPT as “Bogus” A New York attorney named Steven Schwartz, who works at the law firm Levidow, Levidow & Oberman, has faced criticism for using an AI research tool called ChatGPT in a lawsuit against Avianca Airlines, a Colombian airline. The attorney was hired by Robert Mata…
In November, Temasek made a decision to completely write off its investment in FTX. Singapore’s sovereign wealth fund, Temasek Holdings, has acknowledged its responsibility and committed to taking “collective accountability” for its unsuccessful $275 million investment in the now-defunct crypto exchange FTX. In a statement issued on Monday morning, Temasek stated that there was fraudulent…
Bitcoin could see a positive boost as institutional investors currently hold around $3 trillion worth of gold, indicating potential opportunities for the cryptocurrency. According to JPMorgan analysts, if Bitcoin starts to resemble the price performance and investment structure of gold, it has the potential to reach a significant price of $45,000. JPMorgan analysts have noted…
MakerDAO is thinking about a plan to increase the interest rate for holding Dai, known as the Dai savings rate (DSR). In the previous adjustment, the DSR was raised to 1%, which resulted in more than 35 million DAI being deposited within a month. Now, there is a new proposal under consideration to further increase…
The attacker exploited the absence of safeguards in liquidity conversions, allowing them to steal the funds. Adding to the growing list of protocol hacks in the cryptocurrency industry, Jimbos Protocol has become the latest victim of attackers, resulting in a significant loss of funds. Blockchain security firm PeckShield reported that Jimbos Protocol, a liquidity protocol…
The upcoming Cardano Improvement Proposal (CIP-1694) is expected to bring significant changes to the platform. The final version of CIP-1694 is scheduled to be released in July of this year. Cardano’s founder, Charles Hoskinson, believes that the project’s decentralization will send a strong message to the cryptocurrency industry. In a recent update, he stated that…
Decentralized finance protocol DFLunc made significant progress this month by burning approximately 2.5 billion Terra Classic (LUNC) tokens. Now, the project has shifted its attention to the eagerly anticipated AI app chain called “Block Entropy,” developed by core developer Edward Kim. As part of this transition, the project has recently burned millions of LUNC tokens…
As users voice concerns on social media, Nigerian crypto company initiates asset recovery and reinforces security measures after BTC and Naira compromise. Nigerian platform Patricia, known for gift card and crypto trading, faces security breach. Steps taken to protect users, including temporary suspension of fund withdrawals. The company reported a security breach that resulted in…
Upon its launch, users will have the opportunity to trade four different cryptocurrencies. Hong Kong’s securities regulator has made the decision to permit retail trading of cryptocurrencies. Huobi Global has shared its plans to open a branch in Hong Kong on June 1st, catering to users in the city-state. This development comes after a turbulent…
Peter Schiff, who is famously critical of Bitcoin, surprised Twitter users with his recent statement, leading to widespread astonishment. Peter Schiff, a famous critic of Bitcoin (BTC), shocked his followers with his recent social media post. Schiff revealed a new art project in collaboration with Market Price, an artist he admires, that incorporates the Bitcoin…
Peter Schiff, known for his dislike of Bitcoin and support for gold, surprises the crypto community with his announcement about launching an NFT collection on the Bitcoin network. Peter Schiff, who has been critical of Bitcoin for a long time, appears to have had a change of heart as he recently announced his plans to…
SINGAPORE – May 26, 2023 : Relation, a cutting-edge decentralized social graph protocol, is excited to announce the start of its first airdrop season for its token, REL. This initiative aims to reward early users and contributors who have made significant contributions to the Relation ecosystem, while also encouraging more community participation. Introduction of Relation:…