Judge Lewis Kaplan has approved a request from prosecutors to prohibit Sam Bankman-Fried from talking about the current worth of his investments. The latest update in the United States v. Sam Bankman-Fried case involves the judge agreeing with prosecutors. They won’t let Sam Bankman-Fried talk about how much his investments are worth, particularly the $500…
Shiba Inu’s Shibarium blockchain is working to become faster and cheaper than its competitors. Recently, the daily transactions on Shibarium increased to 33,000, although this is still below the all-time high of 200,000 in September. The network is getting closer to an important achievement as the total number of transactions is approaching 3.5 million. Shibarium’s…
To boost Bitcoin mining profits for users, ECOS has a plan. They’re going to acquire and deploy a large number of advanced Antminer S21 units, each capable of 300 TH/s. They worked out this deal with Bitmain during the World Digital Mining Summit 2023 in Hong Kong. The global mining industry is quite concerned about…
Shiba Inu (SHIB) has kicked off the week with a notable increase in its deflationary measure, the burn rate. According to Shibburn data, the burn rate has surged by over 283%, with a substantial 55,399,172 SHIB tokens sent to inactive wallets overnight. A look at the Shibburn data reveals that there are now more wallets…
Loom Network, which saw a significant surge a few weeks ago, has continued to perform exceptionally well. It has recorded a 100% increase in the past week and nearly 1000% from its September lows. Despite the strong bullish trend, there are growing concerns about a potential downward correction, suggesting that the bull run might be…
The U.S. government owns about 200,000 Bitcoins, putting it among the world’s top holders. These Bitcoins, valued at over $5 billion, come from seizures, mostly involving cybercriminals and darknet markets. Various government agencies, including the Ministry of Finance and the IRS, oversee these digital assets, which are mainly kept in hardware wallets. The U.S. government…
According to some experts, the reason GBTC’s discount is getting smaller is that investors believe the SEC will approve various pending applications for Bitcoin ETFs. Grayscale’s Bitcoin investment fund, Grayscale Bitcoin Trust (GBTC), is now trading at its smallest discount in almost two years. This is happening as the possibility of spot Bitcoin ETFs getting…
Terraform Labs Accuses Citadel Securities of Plotting to Disrupt TerraUSD Classic Stablecoin in 2022, Resulting in Its Collapse. In recent developments, Terraform Labs, a crypto network that’s no longer operational, has accused Citadel Securities of being involved in a deliberate plan to disrupt its stablecoin, TerraUSD Classic (USTC), back in 2022. This disruption ultimately led…
A recent report from the China Economic Daily News has refuted the internet rumor that claimed “Pi coin” altcoins could be exchanged for the Chinese yuan. This newspaper, owned by the state, focuses on economic news and analysis. The rumor initially spread due to a misunderstanding of a video posted online, in which…
According to Bloomberg analysts, the approval of a spot Bitcoin exchange-traded fund (ETF) is highly likely, with a 90% chance of approval by January 10, 2024. ARK and 21Shares’ recent updates regarding their spot Bitcoin ETF application have drawn interest from industry experts. Bloomberg analysts view these updates as a sign of a positive and…
Altcoins and Bitcoin (BTC) have experienced a resurgence in the cryptocurrency markets after facing recent setbacks. Positive BTC Developments! The social dominance metric for Bitcoin has surged to its highest monthly level in the past 24 hours. This increase coincides with growing optimism about the approval of a Bitcoin ETF, as the SEC’s objection period…
Based on IntoTheBlock data, Shiba Inu’s profitability has risen as the SHIB price bounces back to a crucial level. IntoTheBlock, an on-chain analytics platform, assesses addresses and tokens to gauge the overall profitability of a specific cryptocurrency. Addresses holding Shiba Inu are divided into three categories: those making a profit (in the money), those breaking…
Ripple considers forming subsidiaries for smoother cross-border operations after its IPO. There’s talk of separating Ripple’s brand from XRP to give XRP more independence in payment services. The XRP community is actively debating renaming and RippleX integration in response to these restructuring ideas. Prominent XRP influencer WrathofKahneman recently sparked discussions in the crypto community about…
PEPE Coin, despite an 85% drop from its all-time high, shows signs of a potential double bottom reversal. The positive movement hints at a potential bull cycle, driven by Bitcoin’s rise. As October progresses, the ongoing uptrend suggests that PEPE Coin may aim for the $0.0000008960 level. Meme coins like PEPE are gaining attention in…
Bill Ackman from Pershing Square is thinking about teaming up with Elon Musk’s X platform. People are wondering how this partnership might affect the direction of Dogecoin in the market. The cryptocurrency world is always changing, and when you hear about both Elon Musk and Bill Ackman in one discussion, it’s sure to get people…
The SEC won’t appeal the court ruling, which paves the way for Grayscale’s Bitcoin Trust (GBTC) to potentially be the first to launch a spot Bitcoin ETF in the US. This is a big deal for the crypto world, as investors and asset management firms are eagerly watching for the SEC’s next move. SEC Faces…
During a conversation at the Bitcoin Amsterdam event, the President of Madeira declared the establishment of a Bitcoin Business Hub for innovation. He emphasized a commitment to fostering collaboration and technological advancements. Madeira’s President Plans Bitcoin Business Hub Miguel Albuquerque, the President of Madeira’s Regional Government, has unveiled plans to create a Bitcoin business hub…
Nearly 64 million XRP tokens have been transferred to these well-known cryptocurrency exchanges. This movement raises questions about a possible selling spree. The Whale Alert tracker observed that in the past day, unidentified wallet addresses completed two transactions. These transfers sent nearly 64 million XRP to prominent cryptocurrency exchanges, Bitso and Bitstamp. In fiat currency…
A cryptocurrency investigator highlights a fake email that pretends to be from Ripple, promoting a fraudulent XRP giveaway. Cybercriminals are targeting members of the XRP community in new attacks aimed at stealing their money. A cryptocurrency investigator named @_XRP_QUEEN has shared a post about hackers pretending to be Ripple Labs and sending harmful emails to…
Real-world asset tokenization, often abbreviated as RWA, is grabbing the attention of major institutions because of its promising applications. A report by K33 suggests that Chainlink stands to gain from this growing interest. Experts have confidence that LINK’s price is set to skyrocket as the trend of asset tokenization becomes more popular. The recent K33…
Some Stan Chartered experts think Ethereum’s price will reach $8,000 in two years. But, there are also people who are worried about a drop in Ethereum’s activity. In early October 2023, Ethereum (ETH), the second-largest cryptocurrency in the world, had a strong start but then faced a lot of selling, causing its price to drop…
Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin went down on Wednesday after the release of minutes from the September Federal Open Market Committee meeting. These minutes revealed that most committee members think it’s necessary to raise interest rates at least one more time during this cycle. The reason behind this decision is to keep interest rates…
Kraken, a well-known cryptocurrency exchange, received a substantial amount of USDT from two anonymous addresses on the Ethereum blockchain. These two addresses conducted separate transactions, sending almost 33.9 million USDT to Kraken on October 11, 2023. The unusual nature of these transactions has raised questions and intrigue in the crypto community. USDT Obtained through USDC…
On October 10, the price of Request (REQ) surged by 80%, almost hitting a new yearly high on the following day. This increase marked a breakout from a long-term downward trendline. The big question is whether the price can reach a new high for 2023. Request (REQ) Tries to Break Long-Term Pattern Request (REQ) has…
Shiba Inu is approaching its lowest point of the year, which raises concerns for this meme asset’s outlook. The cryptocurrency market is going through a tough time, and Shiba Inu (SHIB) is no exception. Its price is hovering around $0.00000683, very close to its lowest point of the year. This is quite a fall from…
Ethereum’s most significant holders, often referred to as whales, persist in unwaveringly holding their positions and consistently increasing them during market dips. Despite their steadfast approach, caution is advised for investors when the price falls below the $1,550 mark. The world’s largest cryptocurrency, Ethereum, is currently experiencing significant selling pressure, encountering robust resistance at the…
On Monday, October 9, the cryptocurrency market was uncertain, with investors being careful because of an important event coming up. The cryptocurrency market had a bumpy start on Monday, October 9, after showing some positive signs over the weekend. This uncertainty indicated a potentially unpredictable situation in the market. Last week, investors had gained confidence,…
The cryptocurrency market, led by Bitcoin, has faced challenges this year, mainly due to increased U.S. government scrutiny. Despite Bitcoin’s strong performance in the first half of 2023, its momentum has slowed. A BlackRock insider recently hinted at a potential massive shift of $17.7 trillion in the crypto market. Sam Altman, known for his work…
Iris Energy, a Bitcoin mining company, is boosting its computing power by 25% in preparation for the upcoming Bitcoin halving event. Australia’s Iris Energy, a Bitcoin mining company, is set to increase its self-mining computing power by 25% by partnering with Bitmain. The deal involves Bitmain delivering around 7,000 S21 mining machines. When these machines…
Ex-FTX CTO Reveals False Insurance Fund Claims During SBF’s Trial. Allegations include fake numbers and misleading financial reports, with claims that SBF encouraged customer withdrawals to hide financial troubles. FTX Trial Shocker: Ex-CTO Accuses FTX of Faking Insurance Fund Balance. During the trial, Gary Wang, FTX’s former Chief Technology Officer, revealed alleged fraud related to…
Raoul Pal believes that Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) might still receive approval by the end of this year. He thinks that the delays in approving these ETFs are because many of them lack a crucial component related to the Chicago Mercantile Exchange (CME). Additionally, Pal predicts that institutional investors could become…
Shiba Inu’s sister token, BONE, has seen a significant 6% increase in the last 24 hours, outperforming popular cryptocurrencies like SHIB, Dogecoin, and Pepe Coin. This price movement is tied to the challenges faced by Shibarium, a self-sufficient Layer-2 blockchain linked to Shiba Inu. At the moment, SHIB is down 0.69%, while DOGE and Pepe…
The CEO advises investors to stick with already-approved platforms, as they have proper safeguards in place. He emphasizes that the government’s aim is to make sure that information shared is transparent. Hong Kong’s securities regulator will now reveal pending license applications from virtual trading platforms, a move aimed at providing better information to investors following…
$PEPE, once a meme sensation, has seen its value sharply decline, leaving investors uncertain about its future. In contrast, WSM’s $25 million presale and its connections to Wall Street Bets could position it as the next meme coin phenomenon. Investors are now contemplating the destiny of $PEPE and eagerly anticipating WSM’s ICO in the hopes…
In a recent conversation that caught the attention of tech enthusiasts, Elon Musk, the CEO and owner of X (formerly known as Twitter), casually hinted at an upcoming major update while chatting with a prominent member of the Dogecoin (DOGE) team. The conversation started when the Dogecoin designer proposed retiring the well-known birdhouse icon that…
The exchange is back in action, and some people believe we narrowly avoided a bigger market problem. A fake token made to look like the real Aptos caused trouble on the Korean exchange Upbit. It made the APT token stop working for a bit because some people managed to put in the fake coins and…
Over the weekend, DOGE took the lead as the meme coin with the most social activity. Despite this buzz, its price continued to hover within a narrow range. This weekend, Dogecoin (DOGE) generated a lot of buzz in the meme coin world, being the fifth most talked-about crypto asset on social media. However, all this…
Lately, Dogecoin has been making waves in the cryptocurrency realm. This meme-inspired coin isn’t just a speculative asset anymore; it has gained value and recognition. Dogecoin, named after a popular dog meme from 2013, even saw a 35% rise in October, fueled by speculation surrounding Elon Musk’s potential Twitter acquisition. Elon Musk’s endorsement of Dogecoin…
It’s been a bustling week in the meme coin market, with upcoming launches like Wall Street Memes and ongoing presales for tokens like Meme Kombat. To keep traders informed, here are 5 new meme coins worth keeping an eye on. Wall Street Memes has been generating a lot of excitement with one of the largest…
Despite optimistic outlooks and forecasts for Shiba Inu (SHIB) to reach prices of $0.1 and $0.01, the meme coin is finding it challenging to keep its value steady in the unpredictable market. This situation has made SHIB holders lose confidence in Shiba Inu, and it’s also discouraging potential investors. People are hesitant to invest in…
Shibarium has gained significant adoption, processing three million transactions in under a month since its relaunch. However, the total assets locked on the network are still below $600,000. The Shiba Inu team suggests upcoming developments to showcase Shibarium’s strength and stability. Shibarium, a fast-growing Layer-2 network, has processed more than three million transactions in less…
On Saturday, Shiba Inu cryptocurrency gained attention as a large holder moved 4 trillion SHIB coins, at the same time when the burn rate was on the rise. On September 23, the cryptocurrency tracking platform Whale Alert noticed a significant transfer of Shiba Inu (SHIB) meme coins. A whopping 4 trillion SHIB coins were moved…
The cryptocurrency market remained in a negative trend, but Pepe coin saw a rally. Meanwhile, many other alternative cryptocurrencies experienced a decline in momentum. On Saturday, September 23, the cryptocurrency market remained in a negative state as investors held back. Recent market performance indicated a shift in trader sentiment, with a noticeable decline in momentum….
The price of Terra Luna Classic (LUNC) has seen a sudden surge, increasing by more than 10%. This jump in price coincides with significant trading activity, with a trading volume of $30 billion recorded. Late Thursday, the price of Terra Luna Classic (LUNC) experienced an unexpected increase, surging by more than 10% within the last…
The Shiba Inu ($SHIB) cryptocurrency’s burn rate increased significantly by over 320% in just one day. This happened because more than 130 million $SHIB tokens were sent to inactive wallets, effectively reducing the total number of $SHIB tokens in circulation. This burn took place in 10 separate transactions, with one of them accounting for the…
Robert Kiyosaki, famous for his financial advice in the “Rich Dad, Poor Dad” books, is taking a different approach to Bitcoin. Instead of making predictions about its future price, he’s asking a simple question: “How many Bitcoins do you have today?” Kiyosaki’s focus on the present rather than the future reflects his concerns about the…
The Terra Luna Classic community recently approved a proposal to discontinue the minting and reminting of USTC tokens to maintain their value at $1. The Terra Luna Classic community has made a decision to halt the minting and reminting of USTC tokens as part of their efforts to bring the stablecoin back to its $1…
The “CBDC Anti-Surveillance State Act,” which aims to stop the Federal Reserve from creating a digital currency, has been approved by the House Financial Services Committee. The CBDC Anti-Surveillance State Act, which aims to stop “unelected bureaucrats in Washington” from creating a central bank digital currency (CBDC), has made progress by passing the House Financial…
Local media reported that Hong Kong police had arrested at least 11 individuals in connection with the suspected fraud case. Hong Kong authorities have told local telecom companies to block access to JPEX, the troubled cryptocurrency exchange. Local police have arrested at least 11 people and conducted raids at many locations, seizing assets related to…
The crypto industry might get a break from US regulators if the federal government undergoes a brief shutdown. SEC Chair Gary Gensler has raised worries about the agency’s ability to oversee markets during such a shutdown. If a government shutdown happens, it could restrict federal regulators like the SEC, potentially reducing legal actions against the…