Shiba Inu’s Shibarium is working again after being offline for almost a day. Transactions are happening once more. The coins SHIB and BONE are going up again. Shiba Inu’s Shibarium network started working again after stopping for nearly a day. The person in charge, Shytoshi Kusama, said that a lot of activity on the blockchain…
OpenSea, the NFT marketplace, is turning off its royalty enforcement tool called Operator Filter. This tool lets creators block NFT marketplaces that don’t enforce royalties. The change will happen on August 31, as said by OpenSea’s founder and CEO, Devin Finzer, on August 17. Operator Filter was added in November 2022. It’s a simple piece…
SEC Seeks to Question Daniel Shin About Do Kwon and Chai Corporation’s Connection to Terraform Labs. The US Securities and Exchange Commission (SEC) got approval to ask South Korea for help in talking to Daniel Shin, a co-founder of Terraform Labs. The SEC is making a case against Terraform Labs and its other co-founder, Do…
Binance, the biggest crypto exchange, will stop offering Litecoin (LTC) and Dogecoin (DOGE) perpetual contracts in BUSD pairs. They’re making changes to the leverage and margins of these contracts today and will remove them next week after an automatic settlement. Binance Removes Litecoin (LTC) and Dogecoin (DOGE) BUSD Trading: Binance Plans to Remove LTC and…
The SEC has postponed its decision about Grayscale’s request to change its Bitcoin Trust (GBTC) into an exchange-traded fund (ETF). The decision is anticipated to be revealed on August 18, marking 160 days since discussions started in March. As the SEC’s decision remains uncertain, Grayscale has advertised a job opening for a Senior Associate in…
Bitcoin is starting to move out of its recent price range due to rising inflation in the US. It’s quite probable that its value could decrease to around $25,000. Bitcoin is currently facing challenges as its value has fallen below $29,000. The trading volume reached $16 billion on Thursday, mainly because the overall cryptocurrency market…
BIT cryptocurrency exchange has introduced XRP options trading following a partial legal victory for Ripple. This move comes as the exchange aims to meet the rising demand for expanding crypto derivatives. BIT, a major cryptocurrency exchange known for its options trading, has introduced a new feature: options trading for XRP, the digital currency of the…
Starting September 11, CME Group will offer Bitcoin and Ether reference rates for pricing cryptocurrency futures contract settlements, responding to increasing institutional interest in the Asian cryptocurrency sector. CME Group Introduces Bitcoin and Ethereum Reference Rates for Asia-Pacific Market CME Group, a marketplace for trading financial derivatives, is launching reference rates for Bitcoin and Ethereum…
The value of the whole cryptocurrency market went down by another 1.6% overnight, reaching $1.137 trillion. In the morning, it briefly went down to $1.113 trillion, which is the lowest it’s been in almost two months. Bitcoin went down by 1.7%, Ethereum went down by 1.2%, and other important cryptocurrencies went down by different amounts, from…
Whale activity in altcoins like Shiba Inu has risen sharply as their prices underwent strong declines. Throughout the week, the altcoin market has experienced intense selling, even without any clear major reasons, while enthusiasm for the Bitcoin ETF has diminished. Despite this, the recent price correction has led to an increase in whale activity, as…
“Shiba Inu introduces Shibarium layer-2 scaling, moving beyond its fun token beginnings. Despite the launch, market response is lukewarm, with SHIB’s price slightly dipping.” Shiba Inu, a well-known memecoin, has taken a bold step by launching its Shibarium layer-2 scaling solution on the mainnet. This move is a significant transformation for the coin, shifting it…
Meme coins blend internet humor with crypto, creating a unique financial trend. Dogecoin led the way, starting as a joke but gaining real value with support from investors like Elon Musk. Now, meme coins like Floki Inu and Big Eyes Infinity are also in the spotlight. Let’s see if they can achieve huge returns this…
House Financial Services Committee queries SEC and FINRA over granting SPBD license to Prometheum Ember Capital LLC. Worries include security, alleged ties to the Chinese Communist Party, and lack of transparency in disclosing supported digital asset securities. US lawmakers are asking the SEC and FINRA why they gave a Special-Purpose Broker-Dealer (SPBD) license to Prometheum….
Federal prosecutors have stated that Caroline Ellison, a former associate and ex-partner of FTX founder Sam Bankman-Fried, accused him of using FTX customer deposits in a recorded company meeting, according to a new court filing. The court filing revealed that prosecutors obtained a covert recording made by an Alameda Research employee during an all-hands meeting,…
Judge Torres Approves Investment Banker’s Appearance in Ripple vs. SEC Case In the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, a significant development has emerged. Judge Analisa Torres has granted approval for Andrew A. Kunsak, an investment banker from the law firm Sidley Austin LLP, to appear as…
The FBI confiscated 428.5 Ethereum and 5.12 Bitcoins from Virginia wallets, along with $310,277 in Tether stablecoins. This move comes as part of the FBI’s increased efforts in the cryptocurrency sector, which also involved shutting down nine exchanges. On August 16, public notices revealed that the FBI had taken control of different cryptocurrencies from wallets…
Elon Musk’s Twitter, now known as X, has faced criticism for intentionally slowing down user access to news organizations and online competitors. This action appears to be aimed at websites that Elon Musk himself has expressed displeasure with. Additionally, X Pro (formerly TweetDeck) has transitioned to a subscription-based model, a move that had been in…
LUNC DAO and Classy Crypto Worry Terra Luna Classic: Reason for LUNC and LUNA Price Drop In the past 24 hours, the prices of Terra Classic (LUNC) and Terra (LUNA) dropped over 10%. The Terra Luna Classic community thinks this is because they said no to a big member, LUNC DAO, leading the chain, and…
Author Robert Kiyosaki, known for “Rich Dad Poor Dad,” says gold, silver, and Bitcoin are better than ETFs. Robert Kiyosaki, who wrote “Rich Dad Poor Dad” and is an entrepreneur, talked again about why gold, silver, and Bitcoin are good protection against problems with the government’s economy. He was on The Daniela Cambone Show recently…
S&P 500 lost $850B as JPMorgan denies recession. Wells Fargo predicts US economy’s tough times. Cryptos dip by $20B in total market value this week. US stock markets are facing a decline after Wall Street experts and the central bank said a recession isn’t likely. Crypto markets are also slowing down today, staying within the…
El Salvador’s 70% yield dollar bonds attract Wall Street, while President Nayib Bukele’s commitment to debt payment reassures bondholders. Despite this, Bukele’s Bitcoin investments have decreased by about 30%, purchased at an average of $41,240 per coin. Two years ago, El Salvador’s President Nayib Bukele surprised Wall Street by getting into Bitcoin. But now, skeptics…
Silvergate Bank sees three top executives leave due to its liquidation process following its collapse in March 2023, linked to the FTX exchange failure. With growing global oversight, regulations for crypto and digital asset banking are set to tighten. Silvergate, a bank that’s friendly to cryptocurrencies, is going through a voluntary administration process. Now, three…
The SEC has pushed back the 2024 deadline for Bitcoin ETF approval. This move follows years of examining how to incorporate the fast-changing crypto space into conventional financial markets. In June, BlackRock and other companies applied for a Bitcoin ETF. This sparked fresh discussions about crypto ETFs and caught the attention of investors from different…
The recent FDIC report highlights the potential risks that cryptocurrencies and stablecoins could pose to banks in the US. This report comes amidst ongoing discussions about regulating cryptocurrencies in the country. The US Federal Deposit Insurance Corporation (FDIC) has issued its 2023 Risk Review Report, with a specific focus on the risks associated with cryptocurrencies….
In Europe, something big has happened in the world of investing in digital money. They have listed the first spot Bitcoin exchange-traded fund (ETF) on a stock exchange called Euronext Amsterdam. This is a very important step for Europe and shows that they are interested in new ways of investing in cryptocurrencies. The ETF is…
Binance in the US has said they now have Binance US Cudos (CUDOS) on their list. Binance US is a part of the big Binance crypto exchange. They added a new digital coin. Binance US shared that they have added a new digital coin called Cudos (CUDOS). They said, “We’re happy to say that Cudos…
In the world of cryptocurrency, where new ideas drive progress, a rising star named Zero Inflation Finance (ZiFi) is catching attention. Think about a world where your investments grow because they’re rare, and your financial journey is boosted by smart tokenomics. ZiFi is here with an innovative way of making tokens that become less in…
Terra Luna Classic (LUNC) network is going through changes, and some people in the community want to appoint a CEO to help the network during its tough times. People who support this idea say that Terra Classic (LUNC) is too spread out to manage by itself. They say it doesn’t have a clear leader, which…
ADA’s Total Value Locked (TVL) reaching new highs is seen as a very positive sign by Dan Gambardello, a trader. In the last 24 hours, ADA’s price decreased by 0.45%, bringing it down to $0.2892. Looking at the technical side, ADA is still trading below the 9-day EMA line at the moment. Cardano’s (ADA) Total…
A special mission called DOGE-1, which is connected to the digital currency Dogecoin, has an official date to start: from November 15 to 20, 2023. This important project involves working together with a company named Geometric Energy Corporation (GEC), SpaceX, Intuitive Machines, and NASA. People first heard about it in May 2021. For this mission,…
Coinbase CEO Brian Armstrong has recognized that the user experience (UX) of their mobile app needs improvement, and he’s seeking feedback from users to address the issues. Armstrong has committed to addressing the most significant concerns within the next two weeks. Many Coinbase app users have been expressing frustration on social media and app review…
Bitget exchange introduces BAD token listing with a 130 trillion $BAD prize pool, supported by Shytoshi Kusama to promote BAD Idea AI’s advancement in the Shiba Inu ecosystem. Bitget exchange has introduced the listing of the BAD Idea AI token, a partner of Shiba Inu, on August 15. The listing comes with an attractive prize…
From January 2020, around 300 cryptocurrency companies have sought registration with the Financial Conduct Authority (FCA), but only 38 of them have received approval. Since January 2020, about 291 cryptocurrency companies have sought permission to operate from the Financial Conduct Authority (FCA), the UK’s main financial regulator. However, only 38 of these companies, which is…
Famous author Robert Kiyosaki, famous for “Rich Dad Poor Dad,” has sparked a fresh investor discussion through his recent tweets. He firmly champions the enduring worth of gold and silver, leaning towards silver as the ultimate long-term investment. Kiyosaki began a fervent discussion with a bold statement: “Gold and silver are God’s money put on…
This year, some groups have already submitted papers called amicus briefs to help Coinbase in its fight against the regulator. Last Friday, different groups like legal experts, investors, and blockchain supporters submitted papers called amicus briefs to help Coinbase in its fight against the SEC. These papers say the SEC’s understanding of an “investment contract”…
Former SEC chief John Reed Stark suggests that the SEC might not be eager to allow Bitcoin spot ETFs. He points out that after the upcoming election, there could be a big change in how cryptocurrencies are regulated. In the changing world of cryptocurrencies, knowing what regulatory bodies think is really important for investors and…
More than 1.16 billion Shiba Inu (SHIB) coins were removed in the last week, with 716.48 million gone in the last 24 hours. In the past week, the Shiba Inu community burned 1.16 billion SHIB coins. They did this in 217 different transactions, which is pretty impressive. In the last 7 days, there have been…
Facing legal problems and the arrest of its ex-CEO, Celsius Network will close its app. Users have 90 days to take out their money. A new company called “NewCo” will start, focusing on crypto mining and staking. They plan to be on NASDAQ, showing a new beginning. In the world of cryptocurrency, companies have good…
Sonnenshein cautions that the SEC’s step-by-step crypto regulation, often through court cases, might hinder innovation and push crypto companies to other countries.He wants clear rules for e-currencies and securities. He’s hopeful about Congress defining regulations, especially for Bitcoin ETFs. Grayscale CEO Michael Sonnenshein spoke to Fox Business and shared worries about the SEC’s way of…
PayPal wants to keep getting more involved in the crypto world. They’re doing this by connecting their PYUSD stablecoin with DeFi, which is a way people use cryptocurrency for different financial things. Big companies and institutions are trying out DeFi, a new way of using cryptocurrency for money-related stuff. One of these companies is PayPal,…
Brazil’s lawmakers have changed a bill to tax cryptocurrencies from foreign exchanges like they’re regular money, for taxes. They’re pushing for this law to tax cryptocurrencies held outside the country. On August 28th, Brazil’s National Congress will vote about this. If they say yes, the law will start in January 2024. This means Brazilians’ foreign-held…
Hong Kong Plans to Expand Web3 Efforts to Mainland China for Business Growth. Johnny Ng, a member of Hong Kong’s Legislative Council, envisions stronger collaboration between Hong Kong and mainland China in Web3 technologies. He suggests that talent exchanges and partnerships with digital currency service providers in Shanghai could lead to Web3 interconnectivity between the…
Nigeria’s Bureau de Change operators want the government to ban Binance, a digital asset exchange. They say Binance has been affecting the naira, the country’s currency. Alhaji Aminu Gwadabe, who leads the Association of Bureaux De Change Operators of Nigeria (ABCON), explained that Binance is a major platform for both regular trading and the parallel…
Despite his dislike for cryptocurrencies, the previous US President, Donald Trump, has Ethereum (ETH) valued between $250,000 and $500,000, as stated in his recent financial disclosure. In his 2023 financial disclosure, recently made public, former US President Donald Trump mentioned owning a “Cryptocurrency Wallet (Ethereum)” worth between $250,000 and $500,000. This wallet is likely connected…
Big exchange KuCoin is hinting at listing Shiba Inu tokens, while the launch of Shibarium is getting closer. In an interesting twist, a big crypto exchange called KuCoin has made the SHIB community excited by suggesting that they might list tokens from the Shiba Inu ecosystem. This is happening at a similar time when the…
Recent market data shows that Shiba Inu (SHIB) might be getting ready for an important technical change. After going up in price by 28% in the past eight days, SHIB is now close to reaching a positive event called a “Golden Cross.” This could be a good sign for its future movement. If you’re not…
Azteco has introduced a novel approach to bolstering the spending capacity of Bitcoin. Through the introduction of Bitcoin gift cards, the company aims to empower users with a new way to utilize their cryptocurrency holdings for everyday transactions and purchases. Jack Dorsey is leading a $6 million funding round for Azteco, a provider of consumer…
People in the larger crypto community are wondering why these transactions happened and are guessing about the reasons. Voyager Digital, a cryptocurrency lender facing financial challenges, moved approximately $2.77 million worth of Ethereum and around $2.7 million worth of Shiba Inu tokens to Coinbase on August 11. This has sparked speculation in the wider crypto…
Recently, several well-known meme coins in the cryptocurrency market have seen their prices go up. These meme coins, such as Dogecoin, Shiba Inu, Apecoin, and Pepe, have been performing better than Bitcoin and many other alternative cryptocurrencies. A crypto analysis platform called Santiment has reported that these meme coins are gaining more attention and their values…
Curve Finance faced a $62 million loss due to weaknesses in its Vyper compiler’s history. The hacker got a 10% reward and started giving some money back, sending funds to the Alchemix Finance developer wallet instead of directly to Curve Finance. Curve Finance, a well-known platform for lending stablecoins in the world of Decentralized Finance…