Core Scientific denies Celsius’ claim of $4.7 million, stating that Celsius has been unjustly benefited. The bankrupt Bitcoin mining company, Core Scientific, has opposed a $4.7 million administrative claim made by crypto lender Celsius Network. This disagreement has sparked a dispute between the two companies regarding their contractual responsibilities. Core Scientific has filed an objection…
Bankman-Fried, the individual associated with FTX, has not taken steps to dismiss charges related to securities fraud or money laundering. Late on Monday, Sam Bankman-Fried, the founder of FTX, submitted legal motions before the trial to request the dismissal of most of the charges against him. He cited various reasons to support his request. Bankman-Fried,…
Bittrex had previously announced plans to leave the United States, but the company is also dealing with a legal action from the Securities and Exchange Commission (SEC). Bittrex, a cryptocurrency exchange, has filed for bankruptcy in Delaware, USA, on Monday. This comes after the company’s earlier announcement about gradually closing down its operations in the…
The company explained that the outcome of the product will be determined by how both Bitcoin (BTC) and its gold-backed token XAUT perform together. Orbit Markets, a company that provides liquidity for cryptocurrencies to institutions, is launching a new type of investment product that combines Bitcoin and gold. They are partnering with execution broker PI…
Ripple, a big company in payment solutions, revealed its intention to expand to Dubai. They mentioned the clear rules set by regulators and the increasing number of customers in the region as important reasons for this move. Ripple, a well-known company that offers payment solutions and is responsible for XRP, revealed its plan to expand…
Gbitcoins Cloud Mining Makes Expensive Hardware Unnecessary. Gbitcoins Enhances Security and Protects Investments from Malicious Entities. As cryptocurrencies gain broader acceptance and popularity, investors are looking for new opportunities to profit from digital assets. In the current era, “cloud mining” has emerged as a significant method to earn various cryptocurrencies, such as Bitcoin and Ethereum,…
Coinbase CEO Expresses Optimism About the Nation’s Crypto Growth Potential. Coinbase Aims for 1 Billion Global Crypto Users with Support from the UAE. Coinbase CEO Acknowledges UAE’s Impressive Crypto Growth Potential. The UAE 🇦🇪 deserves a lot of credit for being forward thinking on crypto. First dedicated crypto regulator in the world, a clear rule…
Following concerns over money laundering, regulators in the tech-friendly nation have decided to resume their normal monitoring practices, abandoning the strict approach they had adopted: Data released by Estonia’s money-laundering regulator on Monday reveals that the implementation of a controversial crypto law has resulted in an approximately 80% decrease in the number of registered firms…
Worldcoin has introduced a user-friendly wallet called World App, which aims to assist individuals in confirming their humanity in the era of artificial intelligence (AI). This minimalist wallet simplifies the process of demonstrating one’s human identity amidst advanced technology. With the rise of large language models (LLMs) like ChatGPT, artificial intelligence (AI) has the potential…
Binance recently made an important announcement about pending Bitcoin withdrawals. Here’s a simplified version of the statement Binance, which is the biggest exchange for digital money worldwide, has declared that all the Bitcoin withdrawals that were waiting have now been completed. We have finished processing all the Bitcoin withdrawals that were waiting. We appreciate your…
Brad Garlinghouse, speaking at the 2023 Dubai Fintech Summit, expressed that the United States prioritizes politics over policy. Ripple, a blockchain company, is expected to incur approximately $200 million in costs due to its ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC), as reported by Cointelegraph, citing Ripple CEO Brad Garlinghouse. During…
A recent chain fork at block height 788686 caused an unexpected event in the Bitcoin network, resulting in the double spending of nearly 10 bitcoins (BTC), as reported by Fork Monitor, a platform that monitors chain forks. Today, prominent Chinese blockchain reporter Colin Wu highlighted a significant development in a tweet, referencing data from Fork…
European Data Act Negotiations Set to Conclude by June End. Future Dialogue Meeting Set for May 23 to Continue Discussions. The European blockchain sector is gearing up for a final effort to prevent regulations that could potentially harm the smart contracts supporting decentralized finance (DeFi) protocols. European authorities have been working on implementing these regulations,…
According to Prime Minister Daniel Risch, under the proposed plans, any cryptocurrency received will be promptly converted into Swiss francs, as stated in an interview with German news publication Handelsblatt. According to a report by German news outlet Handelsblatt, Liechtenstein intends to introduce bitcoin (BTC) as a payment method for government services. Liechtenstein’s Prime Minister…
South Korean lawmaker Kim Nam-kuk, from the Democratic Party, is being investigated by local authorities due to questionable cryptocurrency transfers. It is worth noting that Kim Nam-kuk had previously supported a bill aiming to delay the taxation of cryptocurrency profits. South Korea’s financial watchdog has alerted local prosecutors about a string of cryptocurrency transactions made…
Token Unlocking Ahead: Numerous Altcoins Prepare for Significant Unlock Events Next Week. Here’s the List of Coins and Their Market Cap Rankings.Vela Exchange (DXP) Vela Exchange (DXP) Market Cap: $23.19 million Token Unlock Amount: $2.30 million (9.91% of market value) Date: 8 May 2023 Cere Network (CERE) Market Cap: $19.26 million Token Unlock…
Authorities in the Philippines have dismantled a crypto scam ring that preyed on victims by enticing them to deposit cryptocurrency into fraudulent accounts. During the month of April alone, over $100 million was lost due to various crypto scams and exploitations. Local media reported on May 7 that the Philippine National Police successfully rescued 1,090…
A large investor who bought approximately $3 million worth of Pepe tokens just a few days ago is currently facing an unrealized loss of approximately $600,000. The price of the newly introduced memecoin Pepe (PEPE) has plummeted by over 42% shortly after achieving its record peak on May 6, resulting in substantial paper losses for…
Worries spread on Crypto Twitter about a potential denial of service (DoS) attack targeting the Bitcoin network. Over the weekend, a sudden increase in Bitcoin transaction fees and unconfirmed transactions, causing Bitcoin BTC prices to drop to $28,307, raised concerns on Crypto Twitter about a possible Denial of Service (DoS) “attack” on the network. Several…
Binance Freezes Bitcoin Withdrawals Again, This Time Within 8 Hours of the First Pause. Binance has once again temporarily stopped allowing users to withdraw bitcoins due to a significant increase in congestion on the Bitcoin network. We've temporarily closed #BTC withdrawals due to the large volume of pending transactions. Our team is currently working on…
Brighter Digital Group, a well-known Blockchain and Web3 development company based in Rwanda, has recently launched a successful and widely embraced Social e-Commerce platform known as “Ni-he.” This platform has garnered significant attention and has attracted more than 10,000 users from various countries, including Rwanda, Burundi, Kenya, Congo DRC, Cameroon, Tanzania, Nigeria, Ghana, South Africa,…
On May 4, Celsius announced that its customers would have the opportunity to withdraw the remaining 6% of their funds. In January, the attorney general’s office of New York filed a lawsuit against Celsius. Celsius Network, a platform for lending cryptocurrency, has revealed that specific customers will soon have the opportunity to reclaim their entire…
On May 7, the Bitcoin transaction backlog reached a high point, with more than 400,000 transactions waiting to be processed in the Bitcoin mempool. On May 7, crypto exchange Binance temporarily halted Bitcoin (BTC) withdrawals, citing an alleged surge in transactions overwhelming the Bitcoin network. At the time of writing, the Bitcoin mempool contained more…
Despite China’s current ban on digital assets, the regulation of its cryptocurrency sector is still undergoing changes and advancements. According to a report by Wu Blockchain on May 7, China’s Supreme Court has issued guidelines on cryptocurrency-related disputes. The guidelines state that it would be legally acceptable to settle a debt using a small amount…
James Murphy, a lawyer with expertise in cryptocurrencies, discussed the legal conflict between the SEC and Coinbase. James Murphy, a prominent cryptocurrency lawyer in the United States, addressed the regulatory pressure imposed by the Securities and Exchange Commission (SEC) on the cryptocurrency exchange Coinbase. Murphy expressed his belief that the SEC would have a high…
According to a cryptocurrency trader, the prices of Ethereum (ETH) are expected to decrease or experience a slowdown in the coming days. This prediction follows the findings of LookOnChain, an on-chain monitoring tool, which discovered that an increasing number of ETH holders are transferring their coins to centralized cryptocurrency exchanges such as Binance and Kraken….
OKX Records Highest Trading Volume of $650 Million Binance holds the largest amount of PEPE tokens, with 5.87% of the total supply. The trading activity for Pepe (PEPE), a meme-based currency featuring a cartoon frog, has experienced a significant surge in recent times. According to Wu Blockchain, who sourced the information from CoinMarketCap, the spot…
The recent hack of DEUS Finance resulted in the theft of over $6 million worth of DEI stablecoin. The attack primarily targeted the Arbitrum network, where a loss of over $5 million occurred, and also impacted the BNB Smart Chain with a loss of $1.3 million DEI suffers $6M loss in hacking incident According to…
During Ripple’s ongoing legal dispute with the SEC, the XRP community has stood by Ripple, offering continuous support. Ripple CEO Bradley Garlinghouse recently expressed gratitude for the community’s unwavering backing after meeting with them at the XRP Las Vegas 2023 gathering. XRP Las Vegas 2023: An Event Celebrating the XRP Community The XRP Las Vegas…
In its recent announcement, cryptocurrency exchange Binance revealed that it has added this altcoin to its futures platform Binance, the cryptocurrency exchange, has revealed its plans to introduce a new perpetual contract for the meme token Floki (FLOKI) on its futures platform. The contract, named 1000FLOKIUSDT Perpetual Contract, will enable users to trade with up…
Binance has decided to temporarily stop accepting market orders for specific trading pairs involving Shiba Inu (SHIB), FLOKI, and PEPE tokens. This means that users will not be able to place market orders for these tokens on Binance for a certain period of time. Binance, the biggest cryptocurrency exchange in the world, announced on Saturday…
Huobi, a popular cryptocurrency exchange, has recently revealed its plans to list a new meme token on its platform. This means that users will soon be able to trade and engage with the meme token through Huobi’s services. The announcement comes as part of Huobi’s efforts to expand its offerings and cater to the growing…
WazirX enables INR trading market for Injective (INJ) tokens in India. WazirX platform allows users to easily buy, sell, and trade INJ tokens with INR. WazirX recently announced the closure of its NFT marketplace. In a major update for crypto traders, WazirX, a prominent cryptocurrency exchange, has launched the Indian Rupees (INR) market for trading…
WazirX, a cryptocurrency exchange, has decided to list the PEPE meme coin, following in the footsteps of Binance. However, the CEO of CoinDCX has declined to list PEPE on their platform. India’s largest cryptocurrency exchange, WazirX, has responded to the persistent demands of the Indian crypto community and listed the popular meme coin PEPE, joining…
To find information about an Ethereum transaction, you can use a blockchain explorer. Simply enter the transaction hash into the explorer to see details like the addresses of the sender and receiver, as well as the gas fees involved. To check the details of an Ethereum transaction, you can follow these steps: Use a blockchain…
The US Justice Department’s division focused on national security is conducting an investigation into Binance. Israeli authorities have taken control of 190 crypto accounts belonging to Binance. According to a report from Bloomberg, the US Justice Department’s national security division is investigating Binance Holdings. The investigation is focused on determining whether the cryptocurrency exchange was…
The number of fake meme token airdrops is growing rapidly. Meme tokens exhibit greater volatility compared to other digital assets. The Floki Inu team took to Twitter to discuss the issue of fake FLOKI airdrops. It is a common occurrence for spoof memecoins to emerge when a prominent token gains significant attention in the crypto…
Exciting Update: Tokens Worth $8 Million Locked Permanently. PEPE Memecoin Creates Excitement as Price Soars by 50% in a Week PEPE Memecoin Sees Significant Surge, Reaching $0.000003097 with $1.2 Billion Market Cap. According to CoinMarketCap, PEPE Coin’s spot trading volume in the past 24 hours has surpassed all other cryptocurrencies except for popular ones like…
Vitalik Buterin and Ethereum Foundation Transfer 15K ETH to Kraken: Could it Trigger an Ethereum Price Decline? Ethereum Founder Vitalik Buterin Sells 200 ETH, Followed by Ethereum Foundation Selling 15,000 ETH on Crypto Exchange. Usually, Ethereum Foundation sells small quantities of ETH to handle operations, while Vitalik Buterin tends to sell meme coins he receives…
SHIB Experiences Surge as Tokens Worth $1.7 Billion Burned to Control Supply Steady SHIB Price Movements Indicate It’s Evolving Beyond a Meme Currency Bullish Buy Signal Emerges on SHIB/USD Chart with Golden Cross In the past 24 hours, an astounding amount of $1,695,572,371 (equivalent to $17,000) worth of SHIB has been burned with the aim…
SEC Sets Record with Whistleblower Award of $279 Million, Surpassing Total Awards in 2022 The SEC, which oversees financial markets in the United States, has given its biggest-ever reward to a whistleblower, amounting to a staggering $279 million. In general, the SEC gives awards to whistleblowers that fall within the range of 10% to 30%…
Bloomberg reports that the U.S. Department of Justice’s national security division is investigating Binance. They want to find out if Binance let Russian customers use their exchange, which would go against U.S. sanctions due to Russia’s invasion of Ukraine. Following a previous investigation in 2021 conducted by the Internal Revenue Service, the U.S. Justice Department…
The person who says they are Satoshi Nakamoto, the creator of bitcoin, is currently in a legal battle over who owns $143 million worth of bitcoin. A US judge ruled on Friday that Craig Wright, who claims to be the creator of Bitcoin, has provided incorrect information linked to $143 million in disputed cryptocurrency, indicating…
South Korean prosecutors argue that Do Kwon should be extradited to South Korea as they are better positioned to provide justice for the victims of the Terra-LUNA crash. On Friday, South Korean prosecutors recommended that Terra founder Do Kwon, who is currently facing trials in Montenegro, should be extradited to South Korea. They have been…
Solana is playing a significant role in the rise of xNFTs. The well-known NFT platform MagicEden has expanded its backing for the upcoming NFT brand-focused competition. Solana has gained a lot of attention from the crypto community lately due to its association with FTX and the success of NFTs like MadLads. The Solana Foundation recently…
Floki surges more than 55% within an hour following Binance listing announcement. The general feeling towards Floki appears to be optimistic. The price of Floki increased by more than 55% in just one hour after the announcement of its listing on Binance, a major cryptocurrency exchange. This is an important achievement for the $FLOKI token….
The “black box problem” in AI refers to the challenge of understanding how AI systems make decisions, which can create trust issues for users. To address this, strategies are being developed to make AI more transparent and accountable. Artificial intelligence (AI) has been getting a lot of attention lately because it has the potential to…
Letitia James, the New York Attorney General, is proposing a new bill that would give state regulators more power to oversee cryptocurrency. This comes after legal action was taken by James against companies like Celsius, CoinEx, and Nexo for alleged violations. New York’s Attorney General, Letitia James, has proposed a bill that would give the…
Zimbabwe’s central bank to sell digital tokens backed by gold at different prices for individuals and corporations. Zimbabwe’s central bank will start selling its gold-backed digital currency to investors from May 8. The bank has announced the selling price of its digital tokens – $10 for individuals and $5,000 for corporations and other entities. The…
The court has approved the sale of LedgerX to FTX for $50 million. A US court has given the green light for FTX’s sale of the struggling derivatives trading platform LedgerX to a private equity firm M7 Holdings for $50 million, despite FTX’s losses. The approval was granted swiftly by Judge John Dorsey on Thursday….