The number of Terra Classic (LUNC) tokens sent to inactive wallets is close to reaching 70 billion. The official LunaClassic HQ Twitter page has confirmed that the Terra Classic (LUNC) token burn rate is steadily approaching 70 billion. Token Burning to Enhance Its Value: The latest update reveals that approximately 68.3 billion LUNC tokens have…
Elon Musk and his company, Tesla, are strongly defending themselves against accusations of conflicts of interest in a $258 billion lawsuit concerning Dogecoin. They firmly deny the allegations put forth. In a United States district court, lawyers representing Elon Musk and Tesla have filed a response requesting the dismissal of a motion seeking sanctions against…
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…
JPMorgan Chase nears $39B in fines from US regulators, enforcement agencies, and lawsuits for violations including anti-competitive practices and securities abuses. The recent $4 million fine imposed by the SEC on JPMorgan brings the total amount the banking giant has paid for fines related to banking, securities, and other violations since 2000 to $38.995 billion….
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…
Ripple’s Innovative Pilot Program Empowers Real Estate Tokenization and Loan Collateralization Ripple Labs, a renowned company in blockchain and digital payments, plans to revolutionize the real estate sector through tokenization. Antony Welfare, the CBDC advisor at Ripple, expressed the increasing global interest in CBDCs and stablecoins in a tweet on July 7. He emphasized that…
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…
Shiba Inu has witnessed significant growth in its network and active addresses in recent weeks. The price of SHIB has continued to display a bearish trend. Negative sentiment surrounded SHIB, with a high volume of social activity. Unfortunately, SHIB’s price experienced a 3% decline within the past 24 hours. Shiba Inu (SHIB) has faced significant…
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…
Departures of Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance Steven Christie were allegedly prompted by concerns over the company’s management of DOJ investigations. According to a tweet by Binance CEO Changpeng “CZ” Zhao, the recent departures of key executive personnel from Binance are being characterized as…
Binance has announced its departure from the Netherlands. To address the trading needs of its customers in the country, Binance has suggested Coinmerce as an alternative platform. Binance Releases Notice Regarding Coinmerce: On July 6, Binance customers based in The Netherlands received advice from the platform recommending the use of Coinmerce for their cryptocurrency trading…
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…
Attendees at Serbia’s EXIT festival have the opportunity to acquire special hoodies along with NFTs as part of an exclusive offer. On July 5, SolSea, an NFT platform built on Solana blockchain, announced its collaboration with Coca-Cola’s Serbian division, Coca-Cola Srbija. As part of the partnership, SolSea will provide merchandise and create non-fungible tokens (NFTs)…
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…
Binance CEO Changpeng Zhao predicts the timing of the upcoming Bitcoin bull run in a Twitter Space event on July 5th. During a Twitter Q&A session on July 5th, CZ (Binance CEO) discussed BlackRock’s plans to enter the cryptocurrency market, provided updates on regulatory actions against the exchange, and shared his thoughts on the upcoming…
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…
Bitcoin (BTC), a relatively new and groundbreaking financial asset, has experienced remarkable and unparalleled growth throughout its existence. Introduction: Since it was created in 2009, Bitcoin has fascinated investors, technologists, and enthusiasts by offering a decentralized digital currency that has transformed the financial landscape and questioned traditional ideas about money. Bitcoin is ranked as the…
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…
The Australian regulator ASIC has conducted office searches at Binance as part of an ongoing derivatives probe that began in April this year. Australian financial regulators have conducted office searches at Binance as part of their ongoing derivatives probe. Binance had previously discontinued its derivatives business in Australia before the investigation. According to Bloomberg, the…
Twitter’s CEO, Linda Yaccarino, has recently provided an official explanation for the implementation of “rate limits” and other sudden changes to the platform’s features. Twitter explains the reasons for its recent policy changes, including limits on post frequency, requiring login to read tweets, and introducing a new TweetDeck. These changes aim to address issues and…
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…
Hong Kong’s stablecoin strengthens blockchain leadership and drives digital currency advancement, according to the report. Crypto and blockchain advocates have authored a report urging the Hong Kong government to introduce a stablecoin tied to the local currency. This stablecoin has the potential to rival the widespread use of Tether and USD Coin and bring about…
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…
Solana (SOL) price is at a critical juncture that will determine its direction in the upcoming weeks. If the SOL buyers successfully surpass the major resistance level, a potential surge of up to 40% is possible. Critical Moment for SOL Price: Looking at the 1-day chart using Fibonacci retracements, it is clear that the SOL…
Many Meme Coin Copies Have Appeared Recently, But Experts Predict The Trend Will Fade Quickly In certain parts of the crypto market, there is a new trend where people are investing in small, lesser-known cryptocurrencies that claim to be similar to popular meme coins. This trend is attracting those who may have missed out on…
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…
In the financial world of 2023, Bitcoin remains the dominant force in the crypto market. The original digital currency has experienced a notable price increase, securing its top position in the cryptocurrency market. However, amidst Bitcoin’s popularity, several other digital currencies are also finding their places in the market, albeit with less attention. Santiment, a…
Bankruptcy and Restructuring Firm’s Compensation Bills Reach $16.4 Million with Latest Invoice. McDermott Will & Emery, a law firm representing Voyager’s committee of unsecured creditors, has submitted a bill of $5.1 million for the services provided between March and May. With the addition of this recent bill, the total compensation charged to the group has…
BlackRock has submitted a revised application for its iShares Bitcoin Trust ETF after the SEC deemed the previous application insufficient. The Nasdaq exchange has made changes to an application for a Bitcoin spot ETF on behalf of BlackRock. This comes after the SEC had concerns with their first attempt. Nasdaq selects Coinbase as surveillance partner:…
Mastercard’s chief digital officer, Jorn Lambert, believes that their newly launched Multi-Token Network (MTN) has the potential to unlock the true value of blockchain technology and speed up its adoption by the general public. Mastercard progresses with its development efforts: Despite the ups and downs of the past year, the global cryptocurrency market is still…
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…
Bitcoin Dominance Falls to 49.26% as Ethereum (ETH) Hits $1,960 and Pepe (PEPE) Soars 17.94% Bitcoin’s dominance currently stands at 49.26%, showing a 0.31% decline within a 24-hour period. This news has caused concern among Bitcoin enthusiasts, as the cryptocurrency has been experiencing a downward trend in recent days. However, in a fascinating turn of…
Terra Luna Classic’s community pool balance has reached a critical level as the community gives approval to three spending proposals. The Terra Luna Classic community pool balance has significantly decreased to a critical level as the community has approved three spending proposals. The funds have dropped from 2.37 billion LUNC to only 416 million LUNC,…
Cameron Winklevoss, co-founder of Gemini, expressed that the SEC’s rejection of a spot Bitcoin ETF has been a “total disaster” for investors in the United States. According to Cameron Winklevoss, co-founder of Gemini, the United States securities regulator has been directing investors towards risky and unregulated crypto products for the past decade. Winklevoss criticized…
Bitcoin Depot and GSR II Meteora Acquisition Corp have finalized their agreement, with the aim of making Bitcoin accessible to a wide range of people in a secure and safe manner. Bitcoin Depot, a prominent Bitcoin ATM operator in the United States, has completed its merger with GSR II Meteora Acquisition Corp., a special purpose…
Bitwise’s Matthew Hougan believes the spot Bitcoin ETF market will be highly competitive with a dominant player. Matthew Hougan of Bitwise suggests that while many contenders are seeking approval from the US Securities and Exchange Commission (SEC) to launch a spot Bitcoin ETF, only a few will ultimately achieve success. According to Matthew Hougan from…
Hong Kong’s Finance Secretary, Chan, has expressed strong support for cryptocurrencies. The city has been actively working towards becoming a leader in Web3 technology for a while The government of Hong Kong has established a task team dedicated to promoting innovation in Web3 technology. In a recent press release, the Hong Kong Special Administrative Region…
Terra Classic Implements Automatic Token Burn Mechanism for Continuous Supply Reduction In its 11th burn round, Binance, the largest cryptocurrency exchange globally, has successfully burned 2.65 billion Terra Classic (LUNC) tokens. This burning process aims to reduce the token supply and maintain the ecosystem’s balance and sustainability. With the recent burn of 2.65 billion Terra…
Bittrex has closely aligned its arguments with those put forth by Coinbase in the ongoing legal battle. Both exchanges share similar viewpoints and are presenting unified arguments to challenge the regulatory authority of the SEC. Bittrex, a cryptocurrency exchange, has filed a motion to dismiss in its legal dispute with the U.S. Securities and Exchange…
Attackers who targeted PolyNetwork managed to issue approximately $4 billion worth of malicious tokens. However, their efforts are unlikely to result in significant financial gain due to the low liquidity and security measures in place. On Sunday morning, attackers exploited a smart contract function within PolyNetwork’s bridge tool, leading to the issuance of billions of…
FSC Files Fraud Charges Against Delio; Haru Invest Suspends Deposits and Withdrawals on June 13 The South Korean Financial Services Commission (FSC) is currently investigating crypto lending firm Delio, according to local news portal Digital Asset. The FSC has lodged charges of fraud, embezzlement, and breach of trust against Delio in response to its temporary…
Shiba Inu’s Shibarium Puppynet Surpasses 17 Million Wallet Addresses and 1.4 Million Blocks Shiba Inu’s Shibarium Puppynet (Shibarium Beta) garners immense attention within the SHIB Army and Shiba community, achieving remarkable milestones. Recently, it surpassed 25 million transactions, demonstrating its capability to handle a substantial volume of daily transactions, averaging an impressive 273,805 transactions per…
US House Chair Patrick McHenry warns Gensler over SEC’s critique of Bitcoin ETF filings. US House Financial Services Committee Chairman Patrick McHenry issues a Twitter warning to Chair Gary Gensler as the SEC deems spot Bitcoin ETF filings by financial giants “inadequate.” Despite criticism from the crypto community regarding a leveraged futures Bitcoin ETF, the…
Litecoin’s recent achievement of reaching an all-time high of $110 underscores its increasing significance in the market. With the third halving just around the corner, scheduled within four weeks, anticipation and market sentiment are being fueled further. Litecoin, the original altcoin, celebrates a week of remarkable accomplishments. It recently achieved an all-time high of $110,…
Coinbase Selected as Surveillance Partner for Fidelity and Other Bitcoin ETFs, Refiled Applications Reveal. When refiled its spot bitcoin exchange-traded (ETF) fund applications, Cboe’s BZX Exchange revealed that it had chosen Coinbase as the market for its surveillance-sharing agreement. This decision was made on Friday and applies to multiple potential bitcoin ETF issuers. In recent…
On Friday, Kraken received an order to disclose user information to the Internal Revenue Service (IRS). The judge determined that the government had a valid reason for requesting the data, acknowledging its legitimacy. In an Internal Revenue Service (IRS) investigation, a U.S. judge has ordered Kraken, the cryptocurrency exchange, to provide specific personal information about…
In a recent survey conducted by the exchange, 63.5% of respondents expressed a positive outlook on the future of crypto in the coming year, while an overwhelming 88% conveyed optimism for the next decade. Binance, the leading cryptocurrency exchange in terms of market value, has reported that its institutional clients are optimistic about the future…
President Joe Biden highlighted the shortcomings in the crypto industry during his speech at Bidenomics in Chicago, Illinois, on June 28th. During the initial portion of his speech, President Joe Biden emphasized the importance of the country’s infrastructure and highlighted the creation of 13.4 million new jobs in the region within the last two years….