Elon Musk confirmed on Saturday that X will not launch a crypto token in response to a post about questionable X and Twitter crypto tokens. Musk also shared his intentions to transform Twitter into X, an all-in-one application, as evident from the recent change of Twitter’s name to X. Following Musk’s statement on the crypto…
Binance, the world’s largest cryptocurrency exchange, has invested in four new projects through its startup support program called Binance Labs. The projects focus on strengthening the Web3 sector and accelerating their growth. The selected projects include AltLayer, KiloEx, Kinza, and Sleepless AI, which are prominent performers in the DeFi and Web3 sector. Binance Labs aims…
FreshSupplyCoAu has integrated Hedera into its Continuity API, which allows for easy and smooth connections to banks and the Mastercard Network. FreshSupplyCoAu, a leading player in digital innovation, has made a major stride by integrating Hedera into its Continuity API, as announced by the HBAR Foundation on Twitter. This integration links the Hedera network with…
Alchemy Pay, a prominent fiat-to-crypto payment gateway, has formed a partnership with the fully USD-backed stablecoin TrueUSD. Through this collaboration, Alchemy Pay’s On-Ramp solution now offers direct purchases of TrueUSD. Users can conveniently buy TrueUSD directly from Alchemy Pay’s Ramp page. Smooth Onboarding into TrueUSD Ecosystem The integration of Alchemy Pay and TrueUSD enables users…
Oman is taking steps to introduce crypto regulations. The country’s financial markets regulator, the Capital Market Authority (CMA), is inviting public comments on a proposed framework for digital assets, including cryptocurrencies. They aim to create a comprehensive regime for the crypto sector, addressing business requirements and measures to prevent market abuse and manipulation. A consultation…
Bitcoin mining stocks have had an incredible year in 2023, providing investors with double-digit returns. They have outperformed both Bitcoin itself and the average stock market index by a significant margin. Among the top performers, Riot platform stands out as the biggest gainer in 2023, with its stock rising by an impressive 442% from the…
Shiba Inu, a famous meme token on the Ethereum blockchain, is solidifying its place in the decentralized finance (DeFi) ecosystem. An employee from Shiba Inu announced that they are working on implementing digital identity verification in the ecosystem’s applications. This move represents a significant milestone in the token’s journey towards transformation. Shiba Inu Sets Ambitious…
Major players in the cryptocurrency markets are feeling the impact of regulatory pressure in the US, with Revolut being the latest to face challenges. The lack of clear regulations in the US regarding cryptocurrencies has led to strict measures and sanctions within the industry. As a result, companies are being cautious and taking careful steps…
Hong Kong lawmaker Johnny Ng’s recent announcement has caused excitement as he revealed plans to hold discussions about connecting licensed cryptocurrency exchanges in Hong Kong with those in Shanghai. This move has drawn considerable attention since China has banned all cryptocurrency transactions and mining. Hong Kong lawmaker Johnny Ng spoke to Chinese media outlet The…
Cryptocurrencies have become increasingly popular in recent years, sparking interest and actions from major players in the finance and banking industry. One such example is Garanti BBVA, one of Turkey’s leading banks.They have taken a significant step by launching “Garanti BBVA Crypto,” a new crypto wallet and transfer service. Garanti BBVA’s Anticipated Move Towards Crypto…
Binance, the biggest cryptocurrency exchange globally, has introduced 22 new tradable assets and expanded its Flexible Credit and VIP Credit services. They have also included altcoins like Compound (COMP), Theta Network (THETA), and Shiba Inu (SHIB) as new collateral assets. This move has led to speculation that Binance may list ShibaSwap (BONE) as Shibarium’s Layer-2…
Coinbase, a well-known cryptocurrency exchange, is strongly opposing the lawsuit filed by the Securities and Exchange Commission (SEC). They are seeking to have the lawsuit dismissed. Coinbase’s Chief Legal Officer, Paul Grewal, announced that the company will try to get the SEC’s lawsuit against them thrown out. They firmly believe that they will win the…
Starting in 2025, business-to-business transactions will have a fixed cost of $0.16 each, regardless of the transaction amount. For individual customers transferring money to commercial accounts, they will be charged a fee of 0.3% based on the total transaction sum. The Bank of Russia has unveiled the official logo for its central bank digital currency…
Bloomberg’s ETF analysts predict that the US SEC is more likely to approve an Ethereum futures ETF than a spot Bitcoin ETF this year. The SEC is currently reviewing numerous Bitcoin and Ethereum exchange-traded funds (ETFs), suggesting the possibility of approving multiple ETFs by the end of the year. Companies like ProShares and Bitwise are…
In August 2023, Bitcoin address activity has reached a peak not seen in 3.5 months. The surge in activity suggests that the BTC price is gearing up for the next bull run, and this comes amidst a period of low volatility. As August begins, the Bitcoin address activity has shown a remarkable increase. Despite the…
Binance has included Shiba Inu (SHIB) along with 21 other assets as collateral options. This has sparked speculation that the exchange might be preparing for listing Shibarium’s BONE token. Binance, the world’s largest crypto exchange, has revealed its plans to add 22 new assets to its Flexible Loan and VIP Loan service. Among the new…
The Justice Department (DOJ) is urging the detention of FTX’s SBF before the trial, claiming that his actions surpassed the bounds of exercising his right to speak to the press. The DOJ has accused SBF of witness tampering by allegedly sharing former employee Caroline Ellison’s diary with a media outlet, specifically the Times. In the…
The crypto exchange found that younger investors are more inclined to participate in copy trading or social trading and seek guidance from social media influencers. According to a recent report from crypto exchange Bitget, Generation Z crypto investors are more likely to engage in copy trading or social trading, which involves mimicking someone else’s trades….
The bankrupt crypto exchange FTX has requested court approval to exclude its Dubai unit from the ongoing restructuring proceedings in the United States. FTX, the bankrupt crypto exchange, has filed a motion in court to exclude its Dubai unit from the ongoing bankruptcy proceedings that began in November 2022. The exchange argues that the Dubai…
The SEC has taken strong action against 18 defendants connected to Digital Licensing Inc., a cryptocurrency mining company based in Utah, amidst the DEBT Box scandal. The SEC has made an emergency move by freezing the assets and securing a restraining order against Digital Licensing Inc., known as DEBT Box, and its four main leaders,…
Blockchain company Ripple has achieved a significant, albeit partial, victory in its lengthy legal battle against the United States Securities and Exchange Commission (SEC). However, the company’s challenges are not yet resolved, as the federal judge overseeing the case against Terraform Labs has rejected the previously set precedent. Ripple CEO Criticizes SEC’s Use of XRP…
The token’s popularity is soaring as more and more people are holding it, and the burn rate is increasing rapidly. The Shibburn monitoring service, which keeps track of how much of the Shiba Inu cryptocurrency is being burned, has observed a higher burn rate of SHIB since yesterday morning. According to Shibburn, in the last…
Elizabeth Warren and Democrat Senators Urge IRS for Urgent Action on Crypto Tax Gap US Senator Elizabeth Warren, along with Senators Bob Casey, Richard Blumenthal, and Bernie Sanders, sent a letter to the US Treasury Department and the IRS expressing concern about the growing tax gap in the crypto industry. The senators highlighted a current…
After the recent controversy surrounding the fraudulent BALD Token launch on the BASE network, Coinbase has now revealed an update regarding its layer2 solution. Investors faced significant losses when the issuer of BALD Token, reportedly associated with Coinbase, pulled out liquidity, exposing the token as a scam. In response, Coinbase is taking steps to address…
The host and anonymous cryptocurrency analyst of YouTube channel InvestAnswers revealed a crucial volatility indicator pointing to a potential significant bull run for Bitcoin (BTC). The indicator has successfully predicted six previous bull runs and has never been wrong. The analyst believes this signals a major price surge for BTC in the near future. Bitcoin’s…
Bybit, one of Coingecko’s top five cryptocurrency exchanges, is excited to introduce its peer-to-peer (P2P) trading service, allowing customers to purchase USDT with over 62 fiat currencies. The P2P feature enables users to receive cryptocurrency on the Ethereum and BNB blockchains directly into their secure Bybit Wallet. Bybit plans to add more cryptocurrencies to the…
Binance, the leading cryptocurrency exchange, controls more than 50% of the global market volume. Despite difficulties in the US, the exchange recently faced rumors related to the US Department of Justice. However, Binance’s CEO CZ has assured that things are running smoothly, sharing positive data. Binance’s CEO, CZ, recently posted on Twitter about the significant…
French news agency AFP has filed a lawsuit against Elon Musk’s X, seeking compensation for the use of its content. This legal action has sparked discussions worldwide about copyright laws concerning digital platforms. Elon Musk’s Twitter (X) is facing yet another challenge as the French news organization Agence France-Presse (AFP) has filed a lawsuit against…
In recent times, the cryptocurrency market has experienced fluctuations in the popularity of various projects. Established cryptocurrencies like Cardano (ADA) and Aptos (APT) have faced challenges in maintaining their market share. However, a new project called Tradecurve (TCRV) has captured the attention and favor of crypto experts and investors alike. The project’s presale is witnessing significant…
XDC, the native cryptocurrency of the Singapore-based XinFin Network, defied the overall market decline by surging 35.54% in just one day, reaching an impressive price of $0.86. The token’s remarkable rally lasted for five consecutive days, pushing it to its highest level since January 2022. XDC’s price had surged more than 300% from its monthly…
Robinhood, the popular trading platform, posted a profitable second quarter of 2023 with EBITDA growing by 31% to $151 million. This marks the first time the company has turned a profit since going public. Despite the overall positive results, Robinhood experienced an 18% decline in revenue from crypto transactions, which amounted to $31 million in…
HashKey Exchange has obtained approval from the Hong Kong Securities Regulatory Commission for type 1 and type 7 licenses, allowing the exchange to offer retail trading services under the new crypto regulatory regime. This milestone makes HashKey Exchange the first cryptocurrency exchange in Hong Kong to provide crypto retail trading, aligning with the city’s ambition…
Binance Launches Zero-Fee Bitcoin and Ethereum Trading with FDUSD Stablecoin. The move aims to boost trading volume and liquidity on the exchange. On August 3, Binance, the world’s largest cryptocurrency exchange, announced the introduction of zero-fee trading for Bitcoin and Ethereum, along with the newly added FDUSD stablecoin spot and margin pairs. This move comes…
HashKey Exchange has achieved a significant milestone by becoming the first platform in Hong Kong to obtain a license under the city’s new regulatory regime. The introduction of this licensing system is part of Hong Kong’s efforts to establish itself as a global cryptocurrency hub. HashKey Exchange Becomes First Licensed Crypto Platform in Hong Kong…
Yesterday, PayPal’s shares experienced a 7% decline during extended trading. This was due to the payments company’s adjusted operating margin falling below expectations, disappointing investors. Yesterday, PayPal’s quarterly operating margin did not meet investors’ expectations, resulting in a 7% decrease in its share price during extended trading. Despite this setback, executives at the American payments…
Michael Saylor likened his firm, MicroStrategy, to a “sportscar” in terms of providing Bitcoin exposure to investors. On the other hand, he compared a spot ETF to a “supertanker” in the same context. The analogy highlights the agility and speed of MicroStrategy’s approach compared to the slower and larger nature of a spot ETF for…
ASIC discovered that eToro’s target market was too broad and its screening test ineffective in excluding unsuitable customers for CFDs (Contract for Difference). Crypto trading platform eToro is facing serious trouble as the Australian Securities and Investments Commission (ASIC) takes legal action against them. The regulator filed a lawsuit, claiming that eToro Aus Capital Ltd….
As of August 2, 2023, there have been reports indicating that the United States Department of Justice is deliberating on whether to pursue charges of fraud against cryptocurrency exchange Binance. The officials are cautious about the potential repercussions of an indictment, fearing it could trigger a run on the exchange, similar to what happened with…
Introducing Hubble Exchange, a revolutionary trustless and composable trading system designed specifically for perpetuals, merging the realms of derivatives and application-specific virtual machines (VMs). At the core of this system lies Hubblenet, a custom-built chain optimized for perpetual contracts. It integrates a fully Decentralized Limit Order Book and a sophisticated Matching Engine, ensuring a seamless…
According to the co-founder of crypto analytics firm Glassnode, the current macro environment is perfect for riskier assets like Bitcoin to flourish. The analyst, known as Negentropic, shared on Twitter that the U.S. Dollar Index (DXY) is weakening, which he believes is beneficial for Bitcoin. Negentropic also points out that the Nasdaq 100 is approaching…
Hong Kong-based Crypto Custody Hex Trust Expands to Europe with Registration in Another Country Following Italy. Hong Kong’s Hex Trust, a crypto custodian, achieves a milestone in its European expansion by registering with France’s Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de Résolution (ACPR). Hex Trust’s registration with France’s Autorité des…
Introducing the Stargate Finance (STG) Airdrop! We’re thrilled to announce a fantastic opportunity for our community members. We will be distributing $500 worth of STG tokens to 100 fortunate winners. STG token serves as the fundamental digital currency for the Stargate Finance ecosystem. As an STG holder, you possess the power to influence the…
According to recent reports, Binance’s board debated whether to close its US operations in 2023 due to increasing regulatory pressure. According to The Information, Binance’s CEO, Changpeng “CZ” Zhao, attempted to shut down the exchange’s US operations earlier this year. The company’s board of directors engaged in a complex debate, but they couldn’t reach a…
Litecoin’s price hovers around $90 before the third halving event, where miner rewards will be reduced, leading to a decrease in LTC supply. Litecoin’s price is behaving unexpectedly before the upcoming halving event, set for Wednesday. While Bitcoin and Ethereum have shown slight gains, Litecoin is experiencing a decline and currently trades at $90. The…
Sam Altman’s crypto project, Worldcoin (WLD), is facing difficulties as the government investigates it over privacy and safety concerns, putting its survival at risk. Sam Altman’s Worldcoin (WLD) project is under scrutiny and facing crackdowns from government authorities worldwide. The crypto project is also encountering resistance from the crypto industry due to privacy and security…
India stresses the importance of addressing the risks of digital assets in developing countries. India’s Support for Global Crypto Framework: As the current G20 presidency holder, India has backed the recommendations of the Financial Stability Board (FSB) for a global crypto framework published in July. The country also stresses the need to address the risks…
Kenyan authorities are cautious about allowing the Worldcoin project to gather iris data to ensure the security of citizens is not compromised. The new cryptocurrency and digital identity project, Worldcoin, encountered a difficult start in Kenya, as the government suspended all local activities associated with it. Minister’s Announcement: Kenya’s Minister of Internal Security, Kithure Kindiki,…
MicroStrategy, following robust accumulation in the second quarter, prepares for additional Bitcoin acquisitions by liquidating the MDTR equity. MicroStrategy, the largest corporate holder of Bitcoins globally, is planning a $750 million stock sale to raise funds for further Bitcoin purchases. On August 1, MicroStrategy released its second-quarter results, revealing that it currently holds 152,800 BTC…
Kyle Davies, co-founder of Three Arrows Capital, revealed that he has renounced his U.S. citizenship, claiming that U.S. courts no longer hold jurisdiction over him. The implications of this decision on the ongoing U.S. portion of the bankruptcy remain uncertain. A hearing on the matter is set for August 8. Kyle Davies, co-founder of Three…
China remains Binance’s primary market despite its crypto ban in 2021. According to internal documents cited by WSJ, the crypto exchange recorded over $90 billion in trading volume from China in May. Binance, a major crypto exchange, continues to dominate the Chinese market, even after the country’s crypto ban. In May, it saw trading volumes…