Binance Coin (BNB) has faced challenges as its price dropped from resistance levels multiple times in two months, forming a falling wedge pattern. Currently trading at $214.94, BNB has seen a 0.9% decrease in the last 24 hours and a small 0.6% gain in the past week. The price dipped below the critical $220 support…
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…
US Senator Ted Cruz thinks Bitcoin is not just about freedom; it also helps the economy and the environment in the state. In a recent interview with Forbes, US Senator Ted Cruz talked about Bitcoin’s role in the Texas economy. Cruz said that crypto is becoming more important in the state’s economy. He mentioned that…
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…
A commissioner from the Commodity Futures Trading Commission (CFTC) wants to create the “first-ever” pilot program in the United States. This program is meant to help make digital asset markets and tokenization follow the rules. The CFTC says their framework is designed to encourage new technology, new products, and how markets work. CFTC’s Time-Limited Pilot…
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…
In the SEC’s ongoing legal fight with Ripple, they’ve filed a memo trying to speed things up and potentially end the case. This caused a small 0.04% drop in XRP, the fifth-largest cryptocurrency, after it had gained 0.36% the day before, closing at $0.5050. The SEC’s approach to regulating cryptocurrencies has raised concerns. Some think…
Binance, a cryptocurrency exchange, is discontinuing its support for the Polygon Network on its NFT platform. Users are advised to withdraw their Polygon NFTs from the Binance NFT Marketplace by the end of the year. Binance’s NFT marketplace is discontinuing its support for the Polygon Network. The platform will stop supporting Polygon NFTs starting from…
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…
Crypto analyst Tom from CryptoBusy suggests that Bitcoin (BTC) could see a rebound in October, drawing on historical October performances. Currently, BTC is trading at $25,759.95, with a modest 0.02% gain in the last 24 hours. An analyst named Tom from the CryptoBusy YouTube channel has made some predictions about the cryptocurrency market. He suggests…
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….
A report from two organizations, the IMF and the G20’s Financial Stability Board, was requested by the Indian G20 Presidency. It warns against completely banning cryptocurrencies to manage the risks they pose. Instead, it suggests using targeted restrictions and good financial policies. The report is concerned about how cryptocurrencies could affect a country’s money policies….
The US Department of the Treasury and the Internal Revenue Service (IRS) have put forth new rules outlining what crypto brokers must report. The US Small Business Administration’s Office of Advocacy has revealed that on August 29, a proposal for cryptocurrency regulations targeting brokers was introduced. Starting January 1, 2025, digital asset brokers, including trading platforms,…
Mirae Asset Securities, a South Korean company, has formed a partnership with Polygon Labs to advance tokenized securities networks. Under this partnership, Polygon Labs will serve as a consultant for Mirae Asset Securities’ Security Token Working Group. Together, the two companies will collaborate on building the infrastructure for platforms that tokenize assets. Their primary goal…
GroveX, a prominent digital currency trading platform, will soon include the exclusive Shiba Inu token known as Doge Killer (LEASH) among its supported assets. This addition will enable GroveX users to trade LEASH with more than 200 other cryptocurrencies. According to the announcement, GroveX will incorporate two trading pairs: LEASH/USDT and LEASH/BUSD, into its platform….
Digital Currency Group, the owner of the now-bankrupt crypto lender Genesis, faced criticism on Wednesday for allegedly borrowing a substantial amount of bitcoin and failing to repay it. Genesis Global Capital is taking legal action against Digital Currency Group (DCG) for several unpaid loans totaling hundreds of millions of dollars that were due in May….
Arkham, a blockchain analytics firm, has disclosed what it claims to be wallet addresses linked to the Grayscale Bitcoin Trust. According to Arkham, Grayscale is positioned as the second-largest Bitcoin entity globally. In the world of blockchain, there’s been an intriguing development. Arkham, a prominent player in blockchain analytics, has unveiled what it claims to…
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…
El Salvador’s Ministry of Education has joined forces with Mi Primer Bitcoin (MPB) with the goal of incorporating Bitcoin education into schools by the year 2024. Representatives from MPB, as reported by cointelegraph.com, have confirmed their collaboration with the Ministry of Education, with support from Bitcoin Beach. The Bitcoin education component will mainly rely on…
Ripple’s executive chairman, Chris Larsen, thinks that the SEC’s strategy of regulating through enforcement has come to an end, as the courts have rejected the SEC’s approach. Chris Larsen, the executive chairman of Ripple, and XRP lawyers have voiced their criticism of the U.S. Securities and Exchange Commission (SEC) for its approach of enforcing regulations…
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…
The upcoming accounting rules by FASB promise to be a significant improvement compared to the current standards, thanks to increased feedback from regulators. US regulators are actively working on improving accounting standards for Bitcoin (BTC) to better account for its price fluctuations. These long-awaited regulations are expected to be introduced by the end of the…
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…
Bloomberg’s ETF analyst, James Seyffart, anticipates that additional spot Ethereum ETFs will be submitted in the upcoming days. The race to launch the first Ethereum exchange-traded fund (ETF) in the United States has begun. This kickstarted when the Chicago Board Options Exchange (CBOE) submitted two 19b-4 applications to the Securities and Exchange Commission (SEC) on…
Chris Larsen, the chair of Ripple Labs, said it’s time for Congress to lead on crypto policy amid recent cases involving Ripple, Grayscale, and the SEC. The United States is trying to fix its mistakes in crypto policy after the Biden administration’s missteps, according to Chris Larsen, the chair and co-founder of Ripple Labs. In…
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…
SOMA Finance is getting ready to launch a digital security token that follows legal guidelines and can be purchased by retail investors in the U.S. and worldwide. Token holders stand to receive dividends, potentially up to 10% of SOMA’s profits. SOMA Finance, a partnership between DeFi provider MANTRA and broker-dealer Tritaurian Capital, is gearing up…
Friend.tech, a new social media platform in the cryptocurrency world, is being examined to determine if its keys should be considered securities and regulated by the U.S. Securities and Exchange Commission (SEC). In a recent Unchained Podcast episode hosted by Laura Shin, legal expert J.W. Verret and tax specialist Jason Schwartz discussed the legal and…
The CEO of Tools for Humanity, Alex Blania, mentioned that the funds have been used for educating people about blockchain and cryptocurrency, as well as raising awareness about information and communication technology (ICT). He explained that they have worked with third-party agents and partners to achieve this, and they plan to invest more funds in…
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…
Astar Tokenomics 2.0: Lowering Inflation, Transaction Fees, and Introducing dApp Staking for Growth. Developed with External Experts. Greetings Astar Community and Friends! We’re excited to introduce Astar Tokenomics 2.0, a sophisticated financial model created to support Astar’s growth and user engagement. After three months of collaboration with external tokenomics experts, we’ve developed a detailed model…
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…
After Sam Bankman-Fried’s bail was canceled, he’s back in court with Judge Lewis Kaplan presiding. The US Department of Justice (DoJ) has issued a report about the judge’s directives. Bankman-Fried’s defense team said he should be released from prison to prepare for his defense because his internet connection is weak, and his device’s battery doesn’t…
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…