Ripple has made a strategic move into derivatives and blockchain integration in traditional finance (TradFi) by joining the International Swaps and Derivatives Association (ISDA), along with industry giants like BlackRock and JPMorgan. The Crypto Shop AIRDROP Is Live, Get 3000 EMT Tokens Free = $30 Join Now The San Francisco-based blockchain company, Ripple, recently became…
Exciting times are ahead for the Shiba Inu ecosystem as it prepares for significant releases in the coming months. The Shiba Inu Ecosystem is preparing to release a series of projects, including: Shibarium ShibaSwap 2.0 ShibaNet Treat Token SHI Stablecoin The community eagerly awaits the launch of these projects and the potential impact they may…
A proposal to burn 640 million USTC tokens has sparked a heated debate in the Terra Classic community. As per submitted the proposal, suggesting of the Terra Classic community, that the majority of tokens should be taken out of circulation, and the remaining 20% sent to the Terra Classic community spend pool. The proposal has…
Binance Research has published a new report focusing on Telegram bots, which have gained popularity in the crypto market. These bots enable traders to automate various activities, including trading, arbitrage opportunities, and airdrop farming, using a user-friendly interface. The report sheds light on the growing role of these bots in the cryptocurrency space. As per…
In a groundbreaking move, Valkyrie, a major player in finance, is taking the lead in the ETF space by launching a new Bitcoin and Ether Exchange-Traded Fund (ETF) earlier than expected. They have submitted a Form 497 outlining their plan to transform their existing fund, $BTF, into this innovative dual ETF. Their goal is to…
Oman is taking steps to introduce crypto regulations. The country’s financial markets regulator, the Capital Market Authority (CMA), is inviting public comments on a proposed framework for digital assets, including cryptocurrencies. They aim to create a comprehensive regime for the crypto sector, addressing business requirements and measures to prevent market abuse and manipulation. A consultation…
Bitcoin mining stocks have had an incredible year in 2023, providing investors with double-digit returns. They have outperformed both Bitcoin itself and the average stock market index by a significant margin. Among the top performers, Riot platform stands out as the biggest gainer in 2023, with its stock rising by an impressive 442% from the…
Cryptocurrencies have become increasingly popular in recent years, sparking interest and actions from major players in the finance and banking industry. One such example is Garanti BBVA, one of Turkey’s leading banks.They have taken a significant step by launching “Garanti BBVA Crypto,” a new crypto wallet and transfer service. Garanti BBVA’s Anticipated Move Towards Crypto…
Starting in 2025, business-to-business transactions will have a fixed cost of $0.16 each, regardless of the transaction amount. For individual customers transferring money to commercial accounts, they will be charged a fee of 0.3% based on the total transaction sum. The Bank of Russia has unveiled the official logo for its central bank digital currency…
Bloomberg’s ETF analysts predict that the US SEC is more likely to approve an Ethereum futures ETF than a spot Bitcoin ETF this year. The SEC is currently reviewing numerous Bitcoin and Ethereum exchange-traded funds (ETFs), suggesting the possibility of approving multiple ETFs by the end of the year. Companies like ProShares and Bitwise are…
In August 2023, Bitcoin address activity has reached a peak not seen in 3.5 months. The surge in activity suggests that the BTC price is gearing up for the next bull run, and this comes amidst a period of low volatility. As August begins, the Bitcoin address activity has shown a remarkable increase. Despite the…
Binance has included Shiba Inu (SHIB) along with 21 other assets as collateral options. This has sparked speculation that the exchange might be preparing for listing Shibarium’s BONE token. Binance, the world’s largest crypto exchange, has revealed its plans to add 22 new assets to its Flexible Loan and VIP Loan service. Among the new…
The SEC has taken strong action against 18 defendants connected to Digital Licensing Inc., a cryptocurrency mining company based in Utah, amidst the DEBT Box scandal. The SEC has made an emergency move by freezing the assets and securing a restraining order against Digital Licensing Inc., known as DEBT Box, and its four main leaders,…
The host and anonymous cryptocurrency analyst of YouTube channel InvestAnswers revealed a crucial volatility indicator pointing to a potential significant bull run for Bitcoin (BTC). The indicator has successfully predicted six previous bull runs and has never been wrong. The analyst believes this signals a major price surge for BTC in the near future. Bitcoin’s…
Binance, the leading cryptocurrency exchange, controls more than 50% of the global market volume. Despite difficulties in the US, the exchange recently faced rumors related to the US Department of Justice. However, Binance’s CEO CZ has assured that things are running smoothly, sharing positive data. Binance’s CEO, CZ, recently posted on Twitter about the significant…
French news agency AFP has filed a lawsuit against Elon Musk’s X, seeking compensation for the use of its content. This legal action has sparked discussions worldwide about copyright laws concerning digital platforms. Elon Musk’s Twitter (X) is facing yet another challenge as the French news organization Agence France-Presse (AFP) has filed a lawsuit against…
XDC, the native cryptocurrency of the Singapore-based XinFin Network, defied the overall market decline by surging 35.54% in just one day, reaching an impressive price of $0.86. The token’s remarkable rally lasted for five consecutive days, pushing it to its highest level since January 2022. XDC’s price had surged more than 300% from its monthly…
Robinhood, the popular trading platform, posted a profitable second quarter of 2023 with EBITDA growing by 31% to $151 million. This marks the first time the company has turned a profit since going public. Despite the overall positive results, Robinhood experienced an 18% decline in revenue from crypto transactions, which amounted to $31 million in…
Yesterday, PayPal’s shares experienced a 7% decline during extended trading. This was due to the payments company’s adjusted operating margin falling below expectations, disappointing investors. Yesterday, PayPal’s quarterly operating margin did not meet investors’ expectations, resulting in a 7% decrease in its share price during extended trading. Despite this setback, executives at the American payments…
Michael Saylor likened his firm, MicroStrategy, to a “sportscar” in terms of providing Bitcoin exposure to investors. On the other hand, he compared a spot ETF to a “supertanker” in the same context. The analogy highlights the agility and speed of MicroStrategy’s approach compared to the slower and larger nature of a spot ETF for…
Litecoin’s price hovers around $90 before the third halving event, where miner rewards will be reduced, leading to a decrease in LTC supply. Litecoin’s price is behaving unexpectedly before the upcoming halving event, set for Wednesday. While Bitcoin and Ethereum have shown slight gains, Litecoin is experiencing a decline and currently trades at $90. The…
Kenyan authorities are cautious about allowing the Worldcoin project to gather iris data to ensure the security of citizens is not compromised. The new cryptocurrency and digital identity project, Worldcoin, encountered a difficult start in Kenya, as the government suspended all local activities associated with it. Minister’s Announcement: Kenya’s Minister of Internal Security, Kithure Kindiki,…
MicroStrategy, following robust accumulation in the second quarter, prepares for additional Bitcoin acquisitions by liquidating the MDTR equity. MicroStrategy, the largest corporate holder of Bitcoins globally, is planning a $750 million stock sale to raise funds for further Bitcoin purchases. On August 1, MicroStrategy released its second-quarter results, revealing that it currently holds 152,800 BTC…
Kyle Davies, co-founder of Three Arrows Capital, revealed that he has renounced his U.S. citizenship, claiming that U.S. courts no longer hold jurisdiction over him. The implications of this decision on the ongoing U.S. portion of the bankruptcy remain uncertain. A hearing on the matter is set for August 8. Kyle Davies, co-founder of Three…
China remains Binance’s primary market despite its crypto ban in 2021. According to internal documents cited by WSJ, the crypto exchange recorded over $90 billion in trading volume from China in May. Binance, a major crypto exchange, continues to dominate the Chinese market, even after the country’s crypto ban. In May, it saw trading volumes…
Binance destroys 1.41 billion Terra Classic (LUNC) tokens in the 12th round of the LUNC burn mechanism, bringing the community’s total burn to 72 billion tokens. Binance, the world’s largest crypto exchange, recently destroyed 1.41 billion Terra Luna Classic (LUNC) tokens in the 12th batch of the LUNC burn mechanism. This brings the total LUNC…
USDC and other stablecoins may encounter challenges if a new national defense bill, passed by the US Senate, is enacted into law. The 2024 National Defense Authorization Act might introduce new KYC (Know Your Customer) and anti-money laundering requirements for stablecoin issuers, but it could be tough for them to meet these requirements. New KYC…
Cryptocurrency exchange Binance is adding two new altcoin projects to Binance Launchpool. The projects are Sei Network (SEI) and CyberConnect (CYBER). Binance users can stake BNB, TUSD, and FDUSD in the Launchpool pools and earn SEI and CYBER tokens. Sei Network becomes the 36th project and CyberConnect the 37th project on Binance Launchpool. Users can…
The lead developer of Shiba Inu has invited Elon Musk to the Shibarium launch, which will take place at the Blockchain Futuristic Conference in Toronto. Shibarium is a Layer-2 scaling protocol designed to enhance Ethereum’s scalability and enable developers to create decentralized applications. Elon Musk’s recent mention of Shiba Inu has generated excitement, adding to…
On July 31, the Internal Revenue Service (IRS) released new guidelines explaining how they will tax cryptocurrency staking rewards. The Internal Revenue Service (IRS) issued new guidelines on July 31 regarding the taxation of cryptocurrency staking rewards. According to the new rules, taxpayers who participate in staking on proof-of-stake blockchains and earn additional cryptocurrency as…
Terra Luna Classic community will destroy 800 million USTC tokens meant for Ozone Protocol instead of putting them back into the community pool. The Terra Luna Classic community prefers burning 800 million USTC tokens associated with Ozone Protocol rather than returning them to the community pool. In response to a proposal by prominent member Vegas…
Bitcoin’s popularity is surging in the US amid inflation concerns and the ETF excitement, influencing the presidential race. The environmental impact of Bitcoin as legal tender and its ties to renewable energy are under discussion. The SEC has classified Bitcoin as a commodity, and approval for ETFs catering to institutional investors is eagerly anticipated. Surging…
Hong Kong’s largest local bank forecasts rate hikes and has embraced the crypto market. It has established guidelines for virtual asset companies to adhere to while operating. The US Federal Reserve’s interest rate meeting this week has caught the attention of the global market, with the possibility of an interest rate hike generating high anticipation….
Recently, there has been a noticeable trend of long-dormant Ethereum ICO participants making transactions during this summer. An address that took part in Ethereum’s initial coin offering (ICO) after eight years became active again, transferring out 641 ether, valued at nearly $1.2 million. Lookonchain, an on-chain analytics Twitter account, observed that the address moved the…
Today, we’ll delve into the anticipated significant developments for cryptocurrencies. Despite critical events in the macro landscape, last week’s shallow volatility remained unaffected. However, it’s noteworthy that Bitcoin’s price has been confined within a narrow range for an extended period. History has shown that substantial movements often follow these seemingly uneventful periods. Cryptocurrency Developments Bitcoin’s…
Michael Saylor, Layah Heilpern, and Girl Gone Crypto were intrigued by Australian actress Margot Robbie’s Bitcoin insights. Actress Margot Robbie, known for her lead role in the new Barbie movie, sparked a crypto community buzz by comparing Bitcoin discussions to Barbie’s companion, Ken. In the past 24 hours, Twitter’s crypto community, including Michael Saylor…
The total amount of Terra Luna Classic tokens burned has reached 70 billion, and this milestone comes before Binance’s upcoming monthly LUNC burn mechanism. The Terra Luna Classic community has burned a total of 70 billion LUNC tokens since May 18, 2022, as part of their efforts to decrease the circulating supply. Binance, the world’s…
XRP, the cryptocurrency linked to Ripple, is at a crucial juncture as it enters Q4 following a recent legal win against the SEC. However, the coin’s market sentiment remains uncertain, and its trading volume has significantly declined. In a groundbreaking ruling, Judge Analisa Torres declared that XRP is not a security, providing Ripple with a…
DOJ Seeks Bond Revocation for Sam Bankman-Fried, Submits Formal Request to Federal Judge. U.S. Prosecutors Seek Prison for FTX Founder Sam Bankman-Fried Before October Trial, Citing Witness Influence Attempts and Public Safety Concerns. On Friday, the Department of Justice (DOJ) filed a written submission to a federal judge, continuing their pursuit of detention for Bankman-Fried….
Terra Luna Classic’s core developer Joint L1 Task Force (L1TF) recently announced a collaboration with Hexxagon, a validator and a team of developers. Terra Luna Classic’s core developer, Joint L1 Task Force (L1TF), announced a partnership on Friday with Hexxagon, a validator and developer team. The collaboration has sparked mixed reactions within the community because…
Worldcoin founder Sam Altman is claiming high adoption rates for the project but lacks on-chain data to back it up. On July 26, Altman took to Twitter to boast that the project was witnessing an adoption rate of “one person getting verified every 8 seconds now.” Altman described “crazy lines around the world” and shared…
Shiba Inu (SHIB) experiences a surprising and remarkable 197% surge in whale transactions within 24 hours, as reported by IntoTheBlock. Whale transactions are defined as those surpassing the $100,000 threshold, primarily executed by traders with substantial holdings, particularly in the case of Shiba Inu. The data indicates a substantial increase in large-scale SHIB transactions, catching…
ARK Invest CEO Cathie Wood sees Bitcoin’s significant rally following the collapse of US regional banks as a clear indicator that it is the future of money. In a recent interview with Barron’s, Wood outlines three reasons for her continued bullish stance on digital assets. 1. Bitcoin’s 60% surge from $19,000 to $30,000 during the…
The European Central Bank (ECB) raised interest rates once more on Thursday, prompting people to seek refuge in Bitcoin and cryptocurrencies. Despite ongoing strong inflation, the European Central Bank (ECB) raised interest rates by 0.25% again on Thursday. Investors are now questioning whether this will be the final rate increase of the year. The ECB’s…
BlackRock, the world’s largest asset manager, is looking to enter the growing Indian market through a new partnership. The company aims to provide digital asset services in India, targeting the increasing demand for such services in the country. On July 26, Jio Financial Services (JFS) from India and BlackRock, a major American asset management…
The US Federal Reserve’s Federal Open Market Committee (FOMC) announced a 25 bps rate hike decision on Wednesday. As expected by the market, the US Federal Reserve’s Federal Open Market Committee (FOMC) made a significant 25 basis points rate hike decision on Wednesday, bringing the rates to their highest level in more than 22 years,…
South Korea creates a team to stop cryptocurrency crimes. List Your Profile Links On CryptosHeadlines.com “Become a Supporter of CryptosHeadlines.com! Send us your name and social profile links, and we will add your name along with your profile links to the Supporter Page as a proud supporter of CryptosHeadlines.com. Supporter Page Link …
Tether’s market cap has reached an all-time high, reflecting growing confidence in the stablecoin. List Your Profile Links On CryptosHeadlines.com “Become a Supporter of CryptosHeadlines.com! Send us your name and social profile links, and we will add your name along with your profile links to the Supporter Page as a proud supporter of CryptosHeadlines.com….
The US House Financial Services Committee will markup multiple bills to regulate crypto assets in the country, coinciding with the Federal Reserve’s decision to hike rates by 25 bps. List Your Profile Links On CryptosHeadlines.com “Become a Supporter of CryptosHeadlines.com! Send us your name and social profile links, and we will add your name…
The SHIB ecosystem has thrilling giveaways for community members and is gearing up for significant events, such as ETH Toronto. The Blockchain Futurist Conference will feature Shytoshi Kusama’s AI appearance and exciting major announcements. List Your Profile Links On CryptosHeadlines.com “Become a Supporter of CryptosHeadlines.com! Send us your name and social profile links, and…