Sonic Labs has suddenly dropped its plan to launch a USD-backed algorithmic stablecoin, shifting its focus to a UAE dirham-backed alternative. The decision comes as stablecoin regulations tighten in the US, thus, the company is shifting its focus to the United Arab Emirates (UAE) dirham. Sonic Labs’ Sudden U-Turn Just a week after hinting at…
– Advertisement – Ethereum’s price drops nearly 13% to sub-$1,900 as market reacts to erroneous Binance delisting rumors, causing investor anxiety. Binance introduced “Vote to List” and “Vote to Delist,” fueling speculation that Ethereum might be removed from trading. Ethereum has experienced a steady drop in price over the past few days. After briefly trading…
Bitcoin’s (BTC) 7% decline saw the price drop from $88,060 on March 26 to $82,036 on March 29 and led to $158 million in long liquidations. This drop was particularly concerning for bulls, as gold surged to a record high at the same time, undermining Bitcoin’s “digital gold” narrative. However, many experts argue that a…
El Salvador President Nayib Bukele has confirmed a potential meeting with the president of the United States of America Donald Trump. While an official confirmation is yet to come to light, the El Salvador leader posted a cheeky response to a tweet signifying his intention to visit the American leader. In his post, Bukele mentioned…
US President Donald Trump has pardoned three co-founders of the BitMEX cryptocurrency exchange and a fourth high-ranking former employee. The co-founders are Arthur Hayes, Benjamin Delo, and Samuel Reed. Prosecutors accused the co-founders of effectively running the BitMEX exchange as a money laundering platform and that its purported withdrawal from the US market was a…
BlockDAG Keynote 3 Sparks Major Interest Among Academics and Developers Discussions across university panels and crypto forums have been centered around BlockDAG’s Keynote 3. But this attention isn’t just speculation. With a functioning beta testnet, an advanced blockchain explorer, and expanding dApp integration, BlockDAG is drawing serious interest from developers, researchers, and investors. The keynote…
Thai SEC sues OKX for unlicensed crypto trading, stressing investor risks and stricter regulations in digital assets. Global crypto platforms face increasing legal pressure as nations enforce compliance, limiting unregulated operations. Europe’s complex regulations slow institutional Bitcoin adoption, leaving it behind the U.S. in crypto integration. According to Crypto India, the Thai Securities and Exchange…
A prominent whale investor in the cryptocurrency arena has experienced staggering financial setbacks due to trading TRUMP-themed memecoins. Initially, this investor celebrated significant gains, but the situation took a dramatic turn, leading to losses nearing $16 million. This incident serves as a cautionary tale regarding the perils tied to fleeting market opportunities. How Did Initial…
Traders monitor the $84,418 Bitcoin price level because it represents one of the unfilled gaps within the CME market. A success in breaking above the resistance level of $84,418 would drive market bullishness but a failure could push prices toward $80,000 or even lower values. Market uncertainty together with institutional wariness and macroeconomic factors stimulate…
Arthur Hayes, Benjamin Delo and Samuel Reed were charged with money laundering and violating the Bank Secrecy Act and pleaded guilty in 2022. History of BitMEX’s legal troubles Since taking office on January 20, Trump has signed a number of federal pardons, including more than 1 500 people charged in connection with the January 6, 2021 riots…
Home » Journal » Why Holding Onyxcoin (XCN) Could Be Better Than Stellar (XLM) Many crypto investors are always on the lookout for the next big opportunity. While some stick with established coins, others search for hidden gems with more growth potential. One crypto analyst thinks…
A well-known whale investor in the cryptocurrency market has incurred millions in losses from trading TRUMP-themed memecoins. Initially, the investor achieved significant profits but quickly faced a complete reversal in fortune due to subsequent transactions. Reports indicate that the total loss has reached nearly 16 million dollars, highlighting the risks associated with short-term opportunities in…
Pump.fun’s fee revenue drops by 83% from its peak in just three months. Trading volume on the platform falls by over 75% amid meme coin market slowdown. The platform faces additional challenges with fraud concerns, security breaches, and legal issues. Pump.fun, a platform central to Solana’s meme coin boom last year, continues to see sharp…
A threat actor is allegedly selling user data linked to cryptocurrency exchanges Gemini and Binance, according to cybersecurity resource DarkWebInformer. The data allegedly included names, passwords and location details, with hundreds of thousands of records listed online. Binance Analyzed Stolen Data and Declared It Was Unrelated to Its Records “Our security team has thoroughly analyzed…
Crypto taxes in the UK can, at times, feel challenging if you’ve traded, staked, mined and/or dabbled in NFTs. Now, Her Majesty Revenue & Customs wants a share of your profit as taxes. However, figuring it all out manually can feel like a tough nut to crack. Thankfully, there are free crypto tax calculators that…
Solana price crashed for two straight days as the ongoing crypto market sell-off hit its meme coin ecosystem. Solana (SOL) dropped to $127 on Saturday, down by 15% from its highest point this week. It has dropped to its lowest level since March 2021. The decline happened as most Solana meme coins crashed, erasing most…
Two bills, which aim to establish digital asset reserves in Arizona, cleared the state’s House Rules Committee on March 24th and have now advanced to the House floor for a full vote. The proposed legislation includes the Strategic Digital Assets Reserve Bill (SB 1373) and the Arizona Strategic Bitcoin Reserve Act (SB 1025), which is…
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4 min read by Luc Jose A. The era of crypto interactions takes a new step with ReachMe.io, the paid messaging service launched by Binance and backed by BNB. This service allows users to communicate directly with opinion leaders, in exchange for a crypto transaction. Within 48 hours, the platform attracted 3,262…
FDIC New Rule Repeals the Prior Approval Rule for Crypto Services. The Federal Deposit Insurance Corporation (FDIC) revised guidelines for the banks regarding participation in cryptocurrency activities with no need for prior approval, which signals a new trend for policies related to digital assets. The guidelines include permission for the financial firms to participate in activities related…
Meme coins have revolutionized the crypto world through fast profit opportunities that struggle to retain lasting value. The speculative nature of Dogecoin along with other meme-based tokens, brings short-term price spikes but produces significant market fluctuations that push away investors. Ozak AI has recently gained widespread notice because of its practical application and extensive potential…