X (formerly Twitter) is taking significant steps to enhance its Everything app, including the introduction of payment solutions. X CEO Linda Yaccarino teased upcoming features in a video, indicating that X will enable payments through chat. With its Everything app, X aims to offer users a personalized experience, encompassing information sharing, community engagement, calls, online shopping,…
India has surged to become the second-largest cryptocurrency market globally, recording a substantial $268.9 billion in transactions between July 2022 and July 2023. This remarkable growth in crypto adoption in India is happening despite the presence of high taxes in the sector. According to a Chainalysis report, Central & Southern Asia and Oceanic (CSAO) regions have…
The wealthiest individual globally, known for making unexpected statements, intends to introduce a paywall on the platform to deter automated accounts. Elon Musk, the owner of X (formerly Twitter), has hinted at the possibility of making all users pay to access the platform. He believes that introducing a paywall could help deter automated accounts, often…
To celebrate its Formula 1 history, Honda intends to distribute exclusive NFTs to fans during upcoming races in Japan. At the Formula 1 Honda & Red Bull Welcome Event in Tokyo on Sept. 20, Honda will give away limited-edition NFTs to attendees. Fans can enter a lottery to purchase event tickets and have a chance…
The overall crypto market cap, represented by TOTALCAP, has been on the rise since September 11. However, it hasn’t managed to break through its downward resistance trendline. On the other hand, Bitcoin (BTC) faced rejection from its own descending resistance line on September 11, resulting in a notable upper wick. As for eCash (XEC), it…
Google has revealed the launch of an enhanced version of its AI chatbot Bard, which comes with advanced capabilities and a richer set of features. On Tuesday, Google unveiled its most advanced and feature-packed version of the artificial intelligence chatbot Bard. Earlier this year, following the success of OpenAI’s ChatGPT, Google introduced Bard as its…
If someone lives in Thailand for up to 180 days, they will need to pay income tax on assets from other countries, including cryptocurrency. Thailand’s Revenue Department is planning to start taxing the foreign income of people who live in Thailand for more than 180 days, including money made from trading cryptocurrencies. Starting from January…
Elon Musk recently hinted that everyone using X (formerly known as Twitter) might need to start paying to use the platform. Elon Musk, the billionaire, had a talk with Israel’s Prime Minister Benjamin Netanyahu. In their conversation, Musk mentioned that the only way to deal with bots (automated accounts) on X, formerly known as Twitter,…
Renowned psychologist Jordan Peterson recently sparked a debate about whether Bitcoin could replace traditional banks. This conversation started on September 14 when Australia’s Macquarie Bank announced plans to discontinue cash, check, and phone payment services. Jordan Peterson is a well-known Canadian clinical psychologist, professor, and cultural critic. He has gained international recognition for his thought-provoking…
Despite recent negative trends in the crypto market, Bitcoin (BTC) is edging closer to the $27,000 mark. The current order book for Bitcoin shows a notable surplus of buying bids over selling offers. This dominance in buying activity suggests strong demand and hints at the possibility of an upcoming upward movement in the crypto market….
In today’s crypto market, big cryptocurrencies like Bitcoin and Ethereum have seen increases in their value, even though there’s been significant inflation data. Major cryptocurrencies like Bitcoin and Ethereum are showing signs of recovery, bouncing back a day after the U.S. Federal Reserve released its consumer price index (CPI) inflation data on September 13. Although…
Gary Gensler, who is in charge of the U.S. Securities and Exchange Commission (SEC), faced tough questions from the Senate Banking Committee about various topics, including artificial intelligence and rules for cryptocurrencies. In his prepared statement, Gensler once again emphasized that he thinks the SEC should be responsible for overseeing the cryptocurrency market. However, when…
The prediction market is all about guessing what will happen with three important things: whether FTX can pay back money in case they have problems, if there will be special investments for Bitcoin, and if Sam Bankman-Fried will have to go to jail. People can bet on these things to see who’s right! BitMEX, a…
Gary Gensler, who leads the US Securities and Exchange Commission (SEC), shared his thoughts on cryptocurrency in a letter he wrote before a meeting with the US Senate Banking Committee. Even though the SEC has had some legal problems recently, Gensler hasn’t changed his views on cryptocurrency. He still has the same opinions. Before talking…
Hong Kong’s real estate market is about to undergo a big change, and Taiji Capital is at the forefront of this transformation. They’ve just introduced PRINCE, which is Hong Kong’s first-ever security token offering (STO) for a real estate fund. This groundbreaking step could change how property deals happen in the city. Hong Kong Becoming…
In the last 24 hours, Shiba Inu’s burn rate has gone up by over 323%, totaling 177.8 million SHIB tokens burned. This significant increase is making investors quite excited. In the past 24 hours, the Shiba Inu token’s burn rate surged by more than 323%, reaching a total of over 177.8 million SHIB tokens burned….
The crypto market is in an important week because the United States is sharing data about inflation through the CPI and PPI reports. People are wondering if the US Federal Reserve will decide to “pause” or make changes to their plans based on this data. It’s a significant moment for the crypto market to see…
Solana’s price has dropped because people are worried that FTX, an exchange that’s not active anymore, will sell a lot of Solana at once. But it’s not very likely that they’ll do that all at once. The price of Solana (SOL) has fallen by more than 6% in the past 24 hours because people are…
A famous North Korean hacker group recently stole around $41 million in cryptocurrencies. They pulled off this daring heist by targeting an online casino and betting website, showing how skilled they are at cybercrime. The FBI has been keeping a close eye on this group and is now warning everyone about the large-scale illegal activities…
The Terra Luna Classic community is voting on an important proposal. They want to increase the minimum amount you have to deposit to 5 million tokens. They’re doing this to prevent scam proposals. The Terra Luna Classic community is dealing with many proposals, but some seem like spam, especially as the prices of LUNC have…
JPMorgan, the biggest US bank, is working on a new digital currency to make global payments faster, says a source. A source, keeping their identity hidden due to the project’s early stage, revealed that JPMorgan is looking into creating a digital currency backed by deposits using blockchain technology. This digital currency would serve as a…
Despite the controversial launch of Worldcoin in July, the trading volume of AI-related tokens showed no significant change in August. This year, the cryptocurrency market has experienced significant ups and downs, influenced by various macroeconomic events. Despite the controversial introduction of Worldcoin, investor attention has turned to AI-powered tokens. However, recent trading data from Kaiko…
Glassnode, which tracks activity on the Ethereum blockchain, shared some news in a tweet. They said that the amount of Ethereum (ETH) taken out from exchanges is at its lowest in a month. In numbers, they mentioned that the average number of ETH taken out from exchanges over the past week is 3,109.756. This recent…
Someone who wasn’t supposed to got into PEPE’s old Telegram channel. They used it to promote things that were not real. PEPE asked its members to only pay attention to messages from its official Twitter account. The PEPE crypto community had some bad news to share. They said their old Telegram channel, which they used…
Rep. Emmer plans to put forward an amendment in government spending discussions. This amendment would restrict the SEC’s use of funds for enforcing digital asset regulations until clear and comprehensive rules are in place. Tom Emmer, a U.S. House of Representatives member, is worried about what the U.S. Securities Exchange Commission (SEC) is doing in…
Investors weren’t scared by talk of crypto rules this week. But, there’s still no progress on the crypto-Spot market, which is causing some trouble. Important Points: Elon Musk’s Strong Ties to Dogecoin Foundation Exposed SEC Responds to Ripple’s Opposition in Legal Battle Ark Invest and 21Shares Seek Approval for ETH-Spot ETF Investor Interest Grows in…
“SEC Approves Nasdaq’s AI Trading Tool: M-ELO Enhances Efficiency with Real-time Order Adjustments, Demonstrating Promising Results” Despite strict crypto regulations, the SEC’s approval of AI is raising eyebrows due to potential double standards on innovation. In a rapidly evolving landscape, AI is gaining prominence, notably through tools like M-ELO, which uses real-time AI to rapidly…
Former Trump Attorney General joins broker-dealer’s battle against Biden’s Justice Department. The Financial Industry Regulatory Authority Inc. (FINRA) is facing a significant challenge in a federal appeals court in Washington, D.C. This challenge has the potential to seriously impact FINRA’s existence and operations. The FINRA case raises constitutional concerns. William Barr and Noel Francisco advocate…
Global ETF market: $7.3T in Q2, up 5.8% from the prior quarter, fueled by $136.6B in inflows and $265B in market appreciation. In Q2, there were significant inflows in the ETF market, with $89 billion directed towards equity strategies, $45.9 billion towards fixed income, and $1.9 billion allocated to other categories. This overall figure was…
On September 8, the U.S. Commodity Futures Trading Commission (CFTC) made an announcement regarding its enforcement actions against three decentralized finance (DeFi) protocols: Opyn, ZeroEx, and Deridex. The CFTC accused these protocols of failing to register their derivatives trading services, which violated federal law. Additionally, Deridex and Opyn were charged with breaching client protections under…
Solana’s SOL cryptocurrency is holding steady above the $19.00 support level. If the price manages to close somewhere between $20.20 and $20.50, it might see a significant rise. In the previous SOL price prediction, we talked about the possibility of the price dropping further against the US Dollar. Unfortunately, that’s what happened as the price…
According to the report, the top eight exchanges have a combined 91.7% control over market depth. Binance leads the crypto market with a 30.7% market depth, and Kaiko noted that this increase is partly due to the exchange’s zero-fee trading promotion. A recent report from data analytics company Kaiko has shed light on the concentration…
Ant Group, which is connected to the Chinese internet giant Alibaba, has introduced a new blockchain service called ZAN. This service is primarily intended for markets outside of China, such as Hong Kong and overseas. Zhang Hui, the CEO of ZAN, explained that ZAN provides a wide range of tools and services for blockchain application…
Faruk Fatih Ozer was given a verdict on Thursday by a court in Istanbul. He was found guilty of various crimes, including fraud and money laundering, as reported by Bloomberg. The founder of Thodex, a cryptocurrency exchange in Turkey that went out of business, has been sentenced to an astonishing 11,196 years in prison by…
Grab, a well-known ride-hailing service in Asia, has added a Web3 crypto wallet to its platform, which could affect around 180 million users. This integration is specifically designed for the Polygon wallet, highlighting MATIC’s potential as a user-friendly cryptocurrency for transactions. As per a recent tweet from “Wu Blockchain @WuBlockchain,” Grab, often called the “Uber…
J.P. Morgan is entering the trillion-dollar digital finance market with a groundbreaking blockchain deposit token that could work alongside Ripple’s XRP. Unlike their current JPM Coin, this new token is more versatile, enabling transactions with multiple banks and facilitating diverse blockchain settlements. Blockchain researcher Collin Brown, known as @CollinBrownXRP on Twitter, has highlighted that J.P….
Taiwan’s financial watchdog is in the process of drafting ten guiding principles for virtual asset service providers, set to be released by the end of this month. These principles will explicitly state that offshore crypto exchanges must comply with proper registration to operate within Taiwan. The Financial Supervisory Commission (FSC) of Taiwan aims to restrict…
With the ongoing accumulation of LINK, if its price successfully surpasses the $6.50 mark, there’s potential for it to experience a rally and reach $10. While the wider crypto market remains relatively stable, Chainlink (LINK) is standing out with a noticeable shift in its direction. According to on-chain data, both Chainlink “shark” and “whale” addresses…
On Thursday, the cryptocurrency price charts are showing promise as many major altcoins are in a bullish trend. However, it’s important to note that the overall cryptocurrency market cap is still relatively low. On Thursday, the crypto market saw more gains than losses, with Bitcoin and most other altcoins showing signs of price recovery within…
The bankrupt cryptocurrency lender, Celsius Network, has taken legal action against EquitiesFirst Holdings in a bid to recover assets, as stated in a bankruptcy court document filed on Wednesday. EquitiesFirst is a private lending platform that owed Celsius approximately $439 million in cash and bitcoin as of July 2022. Celsius had initially obtained collateralized loans…
The former CEO of FTX, Sam Bankman-Fried, is seeking temporary release to prepare for his trial scheduled for October. Sam Bankman-Fried, who is facing various financial crime charges connected to the collapse of his crypto exchange in November 2022, will remain in a Brooklyn jail until federal appellate judges make a decision regarding his request…
The Hyperdrive hackathon is ongoing until October 15th, offering participants a chance to win the main prize of $50,000 in USDC and tickets to the Solana Breakpoint 2024 conference. The Solana Foundation is back with another hackathon called Hyperdrive, aiming to encourage the development of new tools and apps on the network. This time, they’re…
X, formerly Twitter and now owned by Elon Musk, obtains its eighth payment license in Mississippi, as it strives to expand into an “everything app” with multiple revenue streams, including payments. Regulatory Challenges for X’s Financial Ambitions X, previously known as Twitter and now owned by Elon Musk, is making a significant move into the…
VeChain has unveiled the Blockchain Biosphere for Sustainability as a key feature in its revised Whitepaper 3.0, designed to create interconnected ecosystems addressing various sustainability challenges. Additionally, the VeChain team is actively collaborating with the Cardano and RareEvo communities while participating in significant Twitter Space events, signifying its expanding influence. Bridging Sustainability with Blockchain VeChain…
Stellar Teases Exciting News in 10 Days, Creating Speculation in the Crypto Community Stellar, a blockchain platform known for facilitating cross-border transactions, has recently made a mysterious announcement on social media. They stated, “SOMETHING COOL IS DROPPING IN 10 DAYS.” Unlike some crypto hype, Stellar is known for delivering substantial updates, so this cryptic message…
Dan Gambardello, founder of Crypto Capital Venture, compares Cardano (ADA) to Amazon, believing it has the potential for significant long-term growth, even in a bearish market. He thinks Cardano could become a top financial operating system globally due to its solid foundation, enhanced technology, and a market cap of $8.9 billion. Dan Gambardello, the founder…
Shiba Inu’s Shibarium blockchain offers nine key features for businesses, like low fees and fast transactions. The gas token BONE plays a vital role in governing SHIB and Leash tokens, setting the stage for Shiba Inu’s worldwide influence. With Shibarium now in action, the Shiba Inu team is offering a range of services for both…
Binance, the world’s biggest crypto exchange, is getting rid of pairs for 20 altcoins as part of its cleanup efforts. Here’s what you need to know. Binance, a major cryptocurrency exchange, is removing 20 pairs involving BUSD and 20 altcoins as they work on cleaning up their pairs, especially those involving BUSD. Binance mentioned that…
Companies like Visa, Mastercard, SWIFT, and others are teaming up for blockchain-based payments, seeing a future for this technology. Even though cryptocurrencies have faced tough times, these big players remain optimistic about the future. Chainlink (LINK) struggled to break the $6 resistance in the tough altcoin market. Important data on the blockchain offers signals about…
Marathon Digital cites scorching Texas heat for a 9% drop in August Bitcoin mining. Yet, they mined over five times more Bitcoins than last year during the same period. The company also faces a lawsuit alleging false financial statements. Marathon Digital, a Bitcoin mining company, says that the drop in Bitcoin production in August was…