Over 500 scam tokens on Coinbase’s Base blockchain have thrived, making $3.7 million in trades and $2 million in profits. These tokens use tactics like hidden coin creation, shedding light on crypto chaos, law enforcement challenges, and potential risks for retail investors. A concerning Bloomberg report reveals the presence of scam tokens thriving on Base,…
US SEC Gets Permission to Work with South Korea in Terraform Labs Probe, Including Questioning Co-Founder. A US judge has allowed the Securities and Exchange Commission (SEC) to work with the South Korean government in investigating a case involving Terraform Labs co-founder Daniel Shin and Chai Corp, a payments company. Spotlight Shifts to Co-Founder Daniel…
The Financial Conduct Authority (FCA) is introducing rules that require firms to gather and send data on cryptocurrency transfers. This is to prevent the misuse of digital assets for illegal activities. The Financial Conduct Authority (FCA) has announced that cryptocurrency operators must follow the ‘Travel Rule,’ which is a global effort to prevent illegal activities…
The US SEC is considering letting companies create ETFs based on Ether futures, a big step forward for the crypto industry. Around ten companies, including Volatility Shares, Bitwise, Roundhill, and ProShares, want to make these ETFs. It’s not clear yet which ones will be allowed, but some officials say a few might get approval by…
Mastercard is starting a program to explore digital money from central banks (CBDC), and they’re working with Ripple and Consensys at the beginning. Mastercard said they are getting a group of companies that work with blockchain and payments to join in the program. They want to work together with important people in this field, Raj…
In Uzbekistan, two banks are now allowed to make crypto cards. The National Agency for Prospective Projects (NAPP) said yes to this. Mastercard-Backed Crypto Cards to Be Offered by Private Banks: The National Agency for Prospective Projects (NAPP) said on August 14 that two private banks in Uzbekistan, Kapital Bank and Ravnaq Bank, can now…
Shiba Inu’s Shibarium is working again after being offline for almost a day. Transactions are happening once more. The coins SHIB and BONE are going up again. Shiba Inu’s Shibarium network started working again after stopping for nearly a day. The person in charge, Shytoshi Kusama, said that a lot of activity on the blockchain…
The BTC price moved out of its usual range and made people sell it at levels we last saw in June. It might keep dropping to $20,000. The price of Bitcoin dropped a lot in the Asian business hours on Friday. In just one day, it went down almost 8% to reach $26,362. Bitcoin had…
OpenSea, the NFT marketplace, is turning off its royalty enforcement tool called Operator Filter. This tool lets creators block NFT marketplaces that don’t enforce royalties. The change will happen on August 31, as said by OpenSea’s founder and CEO, Devin Finzer, on August 17. Operator Filter was added in November 2022. It’s a simple piece…
SEC Seeks to Question Daniel Shin About Do Kwon and Chai Corporation’s Connection to Terraform Labs. The US Securities and Exchange Commission (SEC) got approval to ask South Korea for help in talking to Daniel Shin, a co-founder of Terraform Labs. The SEC is making a case against Terraform Labs and its other co-founder, Do…
In the fight between Ripple Labs and the US Securities and Exchange Commission (SEC), Judge Torres said yes to the SEC’s request to make an appeal while the case is still going on. This decision comes after looking at letters from both sides dated August 9 and 16, 2023. This is a big step in…
Binance, the biggest crypto exchange, will stop offering Litecoin (LTC) and Dogecoin (DOGE) perpetual contracts in BUSD pairs. They’re making changes to the leverage and margins of these contracts today and will remove them next week after an automatic settlement. Binance Removes Litecoin (LTC) and Dogecoin (DOGE) BUSD Trading: Binance Plans to Remove LTC and…
The SEC has postponed its decision about Grayscale’s request to change its Bitcoin Trust (GBTC) into an exchange-traded fund (ETF). The decision is anticipated to be revealed on August 18, marking 160 days since discussions started in March. As the SEC’s decision remains uncertain, Grayscale has advertised a job opening for a Senior Associate in…
Bitcoin is starting to move out of its recent price range due to rising inflation in the US. It’s quite probable that its value could decrease to around $25,000. Bitcoin is currently facing challenges as its value has fallen below $29,000. The trading volume reached $16 billion on Thursday, mainly because the overall cryptocurrency market…
BIT cryptocurrency exchange has introduced XRP options trading following a partial legal victory for Ripple. This move comes as the exchange aims to meet the rising demand for expanding crypto derivatives. BIT, a major cryptocurrency exchange known for its options trading, has introduced a new feature: options trading for XRP, the digital currency of the…
Bitcoin’s value is expected to surge to more than $150,000 by the close of 2024, as experts anticipate a major increase. The approval of spot Bitcoin exchange-traded funds (ETFs) in the United States is a key factor driving this positive outlook. Renowned investment research firm Fundstrat has shared its Bitcoin predictions. In a CNBC discussion,…
Starting September 11, CME Group will offer Bitcoin and Ether reference rates for pricing cryptocurrency futures contract settlements, responding to increasing institutional interest in the Asian cryptocurrency sector. CME Group Introduces Bitcoin and Ethereum Reference Rates for Asia-Pacific Market CME Group, a marketplace for trading financial derivatives, is launching reference rates for Bitcoin and Ethereum…
Sei Labs has recently introduced its Mainnet beta platform, aiming to make more people use digital money. Sei Labs, the tech company that created the Sei blockchain, has achieved a big step in changing how digital money works. They finished a successful Testnet alpha part, where they did 400 million transactions and made 7.5 million…
Latest Shibarium News As It Launches – Expect A Price Pump In Meme Coins, Including Shiba Inu & Big Eyes Coin Shibairum, a mainnet built by Shiba Inu’s ecosystem, will send ripples around the meme coin industry. Now is the time to buy meme coins, including the top meme coin presale at the moment, Big…
Coinbase cryptocurrency exchange (COIN) has obtained regulatory clearance to introduce crypto futures trading in the United States, marking a significant milestone. Coinbase, the cryptocurrency exchange, has received the green light to offer crypto futures trading in the United States after almost two years of applying for approval. This approval came from the National Futures Association…
The value of the whole cryptocurrency market went down by another 1.6% overnight, reaching $1.137 trillion. In the morning, it briefly went down to $1.113 trillion, which is the lowest it’s been in almost two months. Bitcoin went down by 1.7%, Ethereum went down by 1.2%, and other important cryptocurrencies went down by different amounts, from…
Bitcoin (BTC) had a rough day on Wednesday, dropping by 1.6% to $28,730. It fell even more today, going as low as $28,340 in Asia trading. It managed to go up a bit afterward, getting closer to $28,600. Surprisingly, this fall happened even though there were good things happening for bitcoin investing. Europe got its…
Judge Amy Jackson has sent BinanceUS’ protective order motion to Magistrate Judge Faruqui for resolution. The recent news about the lawsuit by the US Securities and Exchange Commission (SEC) against Binance, BinanceUS, and CEO Changpeng Zhao has a new update. Judge Amy Jackson has asked Magistrate Judge Faruqui to deal with a request for a…
Whale activity in altcoins like Shiba Inu has risen sharply as their prices underwent strong declines. Throughout the week, the altcoin market has experienced intense selling, even without any clear major reasons, while enthusiasm for the Bitcoin ETF has diminished. Despite this, the recent price correction has led to an increase in whale activity, as…
“Shiba Inu introduces Shibarium layer-2 scaling, moving beyond its fun token beginnings. Despite the launch, market response is lukewarm, with SHIB’s price slightly dipping.” Shiba Inu, a well-known memecoin, has taken a bold step by launching its Shibarium layer-2 scaling solution on the mainnet. This move is a significant transformation for the coin, shifting it…
“OPNX, started by the same people who started 3AC which later failed, got a big fine of $2.7 million from Dubai’s VARA, just one month after it started.” Dubai’s VARA fined OPNX, a cryptocurrency project made by the people who started the no-longer-running digital money fund Three Arrows Capital (3AC). They also fined the project’s…
In the midst of the memecoin uptrend, crypto analyst Michaël van de Poppe is considering the possibility of a notable price surge for Pepe (PEPE), an under-the-radar contender. With memecoins such as Dogecoin (DOGE) and Shiba Inu (SHIB) gaining prominence, Pepe has attracted the analyst’s attention as a potential candidate for substantial price action. With…
A recent report highlights booming sales and popularity of Reddit’s NFTs on the Polygon blockchain. Thriving Reddit NFTs Data from Dune Analytics reveals a remarkable Reddit NFT market. Sales of these tokens have surged past $40,554,135, with an astonishing 20.3 million transactions in just 24 hours. Growing Community and Capital The Reddit NFT holder community…
Meme coins blend internet humor with crypto, creating a unique financial trend. Dogecoin led the way, starting as a joke but gaining real value with support from investors like Elon Musk. Now, meme coins like Floki Inu and Big Eyes Infinity are also in the spotlight. Let’s see if they can achieve huge returns this…
House Financial Services Committee queries SEC and FINRA over granting SPBD license to Prometheum Ember Capital LLC. Worries include security, alleged ties to the Chinese Communist Party, and lack of transparency in disclosing supported digital asset securities. US lawmakers are asking the SEC and FINRA why they gave a Special-Purpose Broker-Dealer (SPBD) license to Prometheum….
Federal prosecutors have stated that Caroline Ellison, a former associate and ex-partner of FTX founder Sam Bankman-Fried, accused him of using FTX customer deposits in a recorded company meeting, according to a new court filing. The court filing revealed that prosecutors obtained a covert recording made by an Alameda Research employee during an all-hands meeting,…
Judge Torres Approves Investment Banker’s Appearance in Ripple vs. SEC Case In the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, a significant development has emerged. Judge Analisa Torres has granted approval for Andrew A. Kunsak, an investment banker from the law firm Sidley Austin LLP, to appear as…
The FBI confiscated 428.5 Ethereum and 5.12 Bitcoins from Virginia wallets, along with $310,277 in Tether stablecoins. This move comes as part of the FBI’s increased efforts in the cryptocurrency sector, which also involved shutting down nine exchanges. On August 16, public notices revealed that the FBI had taken control of different cryptocurrencies from wallets…
Elon Musk’s Twitter, now known as X, has faced criticism for intentionally slowing down user access to news organizations and online competitors. This action appears to be aimed at websites that Elon Musk himself has expressed displeasure with. Additionally, X Pro (formerly TweetDeck) has transitioned to a subscription-based model, a move that had been in…
The crypto market is generally down today, but there are a few exceptions like SEI token that are going up. However, HBAR is going down, and in the past 24 hours, ApeCoin is also down. Today, most cryptocurrencies in the crypto market are going down, but there are a couple of Altcoins that are going…
LUNC DAO and Classy Crypto Worry Terra Luna Classic: Reason for LUNC and LUNA Price Drop In the past 24 hours, the prices of Terra Classic (LUNC) and Terra (LUNA) dropped over 10%. The Terra Luna Classic community thinks this is because they said no to a big member, LUNC DAO, leading the chain, and…
Author Robert Kiyosaki, known for “Rich Dad Poor Dad,” says gold, silver, and Bitcoin are better than ETFs. Robert Kiyosaki, who wrote “Rich Dad Poor Dad” and is an entrepreneur, talked again about why gold, silver, and Bitcoin are good protection against problems with the government’s economy. He was on The Daniela Cambone Show recently…
S&P 500 lost $850B as JPMorgan denies recession. Wells Fargo predicts US economy’s tough times. Cryptos dip by $20B in total market value this week. US stock markets are facing a decline after Wall Street experts and the central bank said a recession isn’t likely. Crypto markets are also slowing down today, staying within the…
El Salvador’s 70% yield dollar bonds attract Wall Street, while President Nayib Bukele’s commitment to debt payment reassures bondholders. Despite this, Bukele’s Bitcoin investments have decreased by about 30%, purchased at an average of $41,240 per coin. Two years ago, El Salvador’s President Nayib Bukele surprised Wall Street by getting into Bitcoin. But now, skeptics…
Silvergate Bank sees three top executives leave due to its liquidation process following its collapse in March 2023, linked to the FTX exchange failure. With growing global oversight, regulations for crypto and digital asset banking are set to tighten. Silvergate, a bank that’s friendly to cryptocurrencies, is going through a voluntary administration process. Now, three…
The SEC has pushed back the 2024 deadline for Bitcoin ETF approval. This move follows years of examining how to incorporate the fast-changing crypto space into conventional financial markets. In June, BlackRock and other companies applied for a Bitcoin ETF. This sparked fresh discussions about crypto ETFs and caught the attention of investors from different…
Investors had been eagerly awaiting the listing of two highly anticipated altcoin projects, CyberConnect (CYBER) and Sei (SEI), on various exchanges including Binance. These listings caused significant price surges for both CYBER and SEI. Additionally, Coinbase had news related to SEI. Coinbase announced its plan to support SEI with the following statement: “Coinbase is set…
The recent FDIC report highlights the potential risks that cryptocurrencies and stablecoins could pose to banks in the US. This report comes amidst ongoing discussions about regulating cryptocurrencies in the country. The US Federal Deposit Insurance Corporation (FDIC) has issued its 2023 Risk Review Report, with a specific focus on the risks associated with cryptocurrencies….
In Europe, something big has happened in the world of investing in digital money. They have listed the first spot Bitcoin exchange-traded fund (ETF) on a stock exchange called Euronext Amsterdam. This is a very important step for Europe and shows that they are interested in new ways of investing in cryptocurrencies. The ETF is…
Binance in the US has said they now have Binance US Cudos (CUDOS) on their list. Binance US is a part of the big Binance crypto exchange. They added a new digital coin. Binance US shared that they have added a new digital coin called Cudos (CUDOS). They said, “We’re happy to say that Cudos…
In the world of cryptocurrency, where new ideas drive progress, a rising star named Zero Inflation Finance (ZiFi) is catching attention. Think about a world where your investments grow because they’re rare, and your financial journey is boosted by smart tokenomics. ZiFi is here with an innovative way of making tokens that become less in…
Charles Hoskinson, who helped create Cardano, shared about a new website called HoskSaid. This site lets people ask him questions when he does an AMA (Ask Me Anything) session. He thinks this is a way to show how much he takes responsibility and cares about the blockchain world. Cardano had a good second quarter with a…
Terra Luna Classic (LUNC) network is going through changes, and some people in the community want to appoint a CEO to help the network during its tough times. People who support this idea say that Terra Classic (LUNC) is too spread out to manage by itself. They say it doesn’t have a clear leader, which…
ADA’s Total Value Locked (TVL) reaching new highs is seen as a very positive sign by Dan Gambardello, a trader. In the last 24 hours, ADA’s price decreased by 0.45%, bringing it down to $0.2892. Looking at the technical side, ADA is still trading below the 9-day EMA line at the moment. Cardano’s (ADA) Total…
A special mission called DOGE-1, which is connected to the digital currency Dogecoin, has an official date to start: from November 15 to 20, 2023. This important project involves working together with a company named Geometric Energy Corporation (GEC), SpaceX, Intuitive Machines, and NASA. People first heard about it in May 2021. For this mission,…