Ripple Labs Inc and Peersyst Selected to Enhance CBDC Use Cases for Colombia’s Central Bank In an impactful strategic partnership, blockchain payment company Ripple Labs Inc has joined forces with Banco de la República, Colombia’s Central Bank, to embark on a collaborative exploration of Central Bank Digital Currency (CBDC) use cases using blockchain technology. Together,…
In a significant move, the European Central Bank (ECB) has announced a 25 basis points increase in the three key ECB interest rates, impacting the price of Bitcoin and the broader financial landscape. In a noteworthy development, the European Central Bank (ECB) announced its decision to raise the three key ECB interest rates by 25…
Shiba Inu’s Burn Rate Skyrockets by Almost 1,000% – Will the Price Experience a Parallel Surge? In an impressive demonstration of commitment, Shiba Inu has achieved a substantial boost in the burn rate of SHIB tokens. Following a persistent decline, recent data from the Shibburn website unveils a remarkable surge of nearly 1,000% in the…
Federal Reserve Chair Jerome Powell has indicated the possibility of two additional rate hikes this year. The statement follows a decision by the Federal Open Market Committee (FOMC) to pause the series of consecutive rate increases. Powell’s remarks provide insights into the Fed’s monetary policy direction as it aims to navigate the economic landscape. Since…
Binance Launches Bitcoin Mining Subscription Services to Exclude U.S. Crypto Investors Binance, the cryptocurrency exchange, has introduced Bitcoin mining subscription services, allowing users without mining equipment to participate in mining. Starting from June 15, users can purchase hashrates, which represent the computational power required for verifying Bitcoin transactions on the decentralized ledger. This initiative enables…
Baby Doge Coin Initiates Massive Token Burn, Burning Over 206 Quadrillion BABYDOGE Tokens, Equivalent to 50.93% of Maximum Supply, Entering Overbought Territory. The Baby Doge Coin (BABYDOGE) community and development team have made a remarkable leap by undertaking a significant token burn, obliterating more than 206 quadrillion (50.93%) BabyDoge tokens. This bold and unprecedented move…
Tether (USDT) Depreciation Amid Curve (CRV) and Aave Disputes Sparks Crypto Market Concern; Tether CTO Assures Readiness for Redemptions Tether (USDT), the dominant stablecoin with a market capitalization of $83 billion, experienced a slight deviation from its usual 1:1 peg with the US dollar on Thursday. This shift occurred in response to the decision made…
Binance Margin has recently made an announcement regarding the removal of a significant number of trading pairs from its cross margin and isolated margin trading options. Binance Margin has made the decision to delist several trading pairs from its cross margin and isolated margin trading. Starting from June 22, 2023, at 09:00, the trading pairs…
Whale Dumps 972.84 Billion PEPE Tokens: Insider Trading or Bear Market Sign? Lookonchain, an On-Chain Analysis platform, has reported a recent whale transaction involving the popular PEPE memecoin. The sale of the whale’s entire holdings, which amounted to 972.84 billion PEPE tokens, has raised concerns and sparked speculations of potential insider trading. Adding to the…
Dorsey Funds Web 3.0 Hub Brink to Support Bitcoin Developers as BTC Price Dips Below $25K Renowned Twitter co-founder, Jack Dorsey, continues to demonstrate his unwavering support for the progress of the Bitcoin (BTC) protocol. In his latest move, Dorsey has pledged financial backing to Brink, a prominent Web 3.0 hub that serves as a…
Solana Refocuses on Consumer Applications, Prioritizing Differentiation and User Retention Solana’s journey stands out as a notable contrast in an era dominated by decentralization. While it experienced initial success in the realm of Decentralized Finance (DeFi), Solana has faced a decline in its total value locked (TVL) since the beginning of 2022. This depreciation in…
Soon, Customers can Access the Voyager App to View Available Withdrawal Amounts Voyager Digital, a cryptocurrency brokerage, is making preparations to reopen its app and enable customers to withdraw their funds, nearly a year after filing for Chapter 11 bankruptcy. The bankruptcy plan administrator, Paul Hage, stated in a court filing on June 14 that…
In response to a security breach on Sunday evening, Floating Point Group (FPG) has temporarily suspended all customer withdrawals. The company informed its customers about the halt as a precautionary measure. FPG, an institutional crypto broker, is taking steps to address the security incident and ensure the safety of customer funds. Further details regarding the…
According to the Financial Times, Hong Kong regulator pushes HSBC and Standard Chartered to onboard Crypto Exchanges. Key Factors: HKMA urges HSBC and Standard Chartered to onboard crypto exchange clients. HKMA emphasizes streamlined due diligence for potential customers, especially for those establishing offices in Hong Kong. Banks seek to dissuade customers from participating in cryptocurrency…
In a notable turnaround, Binance, the top cryptocurrency exchange, saw a significant surge in its native token, BNB, after a prolonged downtrend. With a 5.44% spike today, BNB reached $248.53 USD, bringing positive momentum to the Binance community. Recent weeks had witnessed volatile market conditions and downward trends for Binance. However, the current surge in…
Following a successful upgrade at block height 13215800, the price of LUNC surged by 8% in the past 24 hours. World’s largest cryptocurrency exchange, Binance, announced its support for the significant v2.1.1 update of the Terra Classic (LUNC) network. The decision came after Binance users voted in favor of Proposal 11561. This update will enhance…
Decree Grants Central Bank Authority to Regulate and Supervise Virtual Asset Service Providers, While Securities Regulator Retains Token Oversight President Luiz Inácio Lula da Silva, widely known as Lula, has signed a law that brings clarity to the roles of Brazil’s central bank and securities regulator in relation to cryptocurrencies. On June 14, President Lula…
Binance, the largest cryptocurrency exchange, obtained permission to provide spot trading, custody, and other services to citizens of Cyprus. Binance, the world’s biggest cryptocurrency exchange, has submitted a request to deregister as a Crypto Asset Service Provider in Cyprus, possibly due to legal issues it is currently facing in the United States. The exact reason…
Shiba Inu-Themed Eatery Welly’s Expands with New Stores as US Politician Backs SHIB Token Shiba Inu, the second-largest memecoin based on market cap, has been generating considerable attention in the crypto sphere. Recent news has showcased active community engagement and gained support from a prominent figure. Notably, after the release of the Rocket Pond trailer…
USDT Tether’s Investment in El Salvador and Crypto Traders’ Enthusiasm for Tradecurve Signal a New Era in Crypto Trading. USDT Tether Invests in El Salvador On June 5, Tether announced that it will invest $1 billion to build the world’s largest Bitcoin mining operation in El Salvador. The company emphasized its dedication to investing in…
Earn Passive Income with Fancy Crypto’s Cloud Mining Services Cryptocurrency mining has become an appealing avenue for individuals looking to generate passive income in the exciting world of cryptocurrency. Although there are no guaranteed methods, mining presents an opportunity for those interested in earning passive income through their involvement in the sector. Amidst the current…
The Chief Legal Officer of Coinbase stated that the SEC has once again made the mistaken claim that it has not made any decisions regarding the implementation of new cryptocurrency regulations. In the latest crypto news, the Securities and Exchange Commission (SEC), the leading financial watchdog in the U.S., has responded to Coinbase’s writ of…
The Federal Open Market Committee (FOMC) has decided to forgo a rate hike in June due to the decline in bonds, the dollar, and inflation. Meanwhile, experienced trader Peter Brandt has made a bold prediction of a substantial Bitcoin rally in the near future After the two-day Federal Open Market Committee (FOMC) meeting, the U.S….
UK Government Gathers Feedback as FCA Publishes List of 42 Crypto Businesses Bitstamp, a cryptocurrency exchange operating in the United Kingdom, has received official authorization from the Financial Conduct Authority (FCA). After the Financial Conduct Authority (FCA) added Hidden Road Partners and MoonPay around six months ago in December 2022, Bitstamp U.K. Limited and Interactive…
Ripple Expands Operations in Europe and Asia Amid Ongoing SEC Lawsuit Despite the ongoing legal dispute with the United States Securities and Exchange Commission (SEC) regarding its XRP token, Ripple, the cryptocurrency payments service provider, is experiencing widespread adoption of its payment services worldwide. The company’s XRP token, valued at $0.51, has seen continued use…
HQ MENA, a prominent events management company, is excited to reveal the forthcoming Blockchain Expo Dubai 2023. Taking place on September 20-21, this highly anticipated event will serve as a global gathering of blockchain experts, innovators, and thought leaders. Blockchain Expo Dubai 2023 strives to establish itself as the leading event for blockchain enthusiasts, entrepreneurs,…
Terra Classic’s Price Soars to Nearly $0.0001 Range as LUNC Staking Surpasses $1 Trillion Terra Classic (LUNC) shows strong recovery with a significant surge in value. Currently, LUNC is trading at $0.0000953, up by more than 4%. This surge represents a noteworthy bounce of almost 12% from the recent yearly lows observed in the past…
Bahamian Court Temporarily Blocks Additional Charges in US Indictment Against FTX Co-Founder, Sam Bankman-Fried In a surprising turn of events, a Bahamian court has issued a temporary order that prevents the government from approving additional charges added to Sam Bankman-Fried’s US indictment. Bankman-Fried, the co-founder of FTX, has been involved in a legal battle and…
Adidas and Fewocious Partner to Create Sneakers and NFT Collaboration Adidas, a well-known apparel brand, has teamed up with digital artist Fewocious for a unique collaboration that combines physical sneakers with NFT technology. The collaboration aims to explore the concept of “art of play” and will introduce 4,500 editions of an NFT mint pass called…
Binance CEO CZ Rejects Bitcoin Sales and Market Manipulation Claims; Vows to Defend Against SEC Lawsuit Binance CEO Changpeng Zhao, also known as CZ, has denied accusations suggesting that Binance engaged in undisclosed Bitcoin sales with the aim of manipulating the price of its native token, BNB. Concerns were raised by industry experts, such as…
SEC Delays Response to Coinbase’s Petition; Enforcement Action Not Affected On Tuesday, the U.S. Securities and Exchange Commission (SEC) revealed that it has yet to reach a decision regarding Coinbase’s (COIN) petition for rulemaking. The regulatory body clarified that its ongoing enforcement action against the cryptocurrency trading platform is independent of any ruling on the…
Binance.US Gets Good News as Judge Denies SEC’s Request to Freeze Funds Binance.US, a cryptocurrency exchange, received positive news when a federal judge rejected the SEC’s demand to freeze the funds and assets held on the Binance.US trading platform. This decision came shortly after Binance had already asked the court to reject the SEC’s proposal….
Former SEC Enforcement Division member and current president of John Reed Stark Consulting, John Reed Stark, shares his perspective on the possibility of a criminal indictment being brought against Binance, a prominent cryptocurrency exchange. John Reed Stark, president of John Reed Stark Consulting and former SEC Enforcement Division member, highlights the existence of evidence that…
Haru Invest, the Singapore-based crypto investment platform founded in South Korea, has recently announced the suspension of its deposit and withdrawal services Haru Invest, a crypto investment platform that originated in South Korea and is now based in Singapore, has made the decision to temporarily halt all deposit and withdrawal requests. This means that users…
US Lawmakers Introduce Bill to Remove SEC Chair Gary Gensler Citing Alleged Abuses Congressman Tom Emmer’s office has issued a press release stating that House Majority Whip Tom Emmer and Rep. Warren Davidson have introduced the ‘SEC Stabilization Act.’ This proposed legislation aims to reorganize the Securities and Exchange Commission (SEC) and remove Gary Gensler…
Analysis of Whale Movements and Trader Activity: Will the Unlocking of 196 Million BLUR Tokens Worth Over $60M Lead to a Price Crash? Tomorrow is a significant day for BLUR as 196 million tokens, valued at $62.3 million, will be unlocked. This represents around 40% of the circulating supply. The unlocking event has raised concerns…
Binance Reports $521 Million Netflow in 24 Hours, Total Balance Across Chains Reaches $51.2 Billion Binance experienced significant outflows of funds amid the SEC lawsuit in the past week. However, there was a notable positive netflow of $521 million, as reported by the Web3 analytics tool 0xScope. Binance Total Portfolio Balance (Source: 0xScope) Also Read: Binance CEO…
Sygnum Singapore Granted In-Principle Approval for Major Payment Institution License, Opening Doors to Regulated Crypto Brokerage Services Sygnum Singapore, the Southeast Asian branch of Sygnum bank known for its crypto-friendly approach, is poised to enhance its digital assets services within the region. The financial institution has achieved a significant milestone by obtaining in-principle approval for…
User Participation in Bitcoin Button Game Resumes on June 12 After Introduction Last Year The widely popular Bitcoin button game has made a comeback, following its initial launch by Binance last year. Responding to the overwhelming demand, Binance has reintroduced the game, driven by its immense popularity among users. As a global leader in cryptocurrency…
10,000 Participants to Join Thailand’s August-Long CBDC Retail Transaction Experiment; Krungsri Employees and Local Business Owners to Assist In an exciting development, the Bank of Thailand is set to initiate a pilot project this month to test a central bank digital currency (CBDC) specifically designed for retail transactions. Operating within a regulatory sandbox, this groundbreaking…
In a noteworthy development, a substantial transfer of $31.7M worth of SHIB tokens took place on Friday, with the funds being sent to Binance Over the past 48 hours, the Shiba Inu (SHIB) market has witnessed substantial activity driven by whale investors. These influential holders have initiated a massive sell-off, amounting to a staggering 3…
Indian Government Demands Twitter to Block Farmers’ Protests Accounts, Threatens Shutdown and Raids According to former Twitter CEO Jack Dorsey, the micro-blogging platform faced numerous requests from the Indian government to block accounts that covered the “farmer protests” and criticized the government. These requests reflect the government’s efforts to control the narrative and limit dissent…
SUI token experienced a remarkable 19.15% surge within a 24-hour period, indicating a significant rebound. However, it is worth noting that the token had suffered a substantial decline of 38.13% just last week SUI token showcases an impressive recovery in the crypto market, displaying a remarkable surge in price following a challenging week. Within the…
The SEC’s legal action against Ripple commenced in December 2020, and currently, XRP is priced at $0.5285. Ripple CEO Brad Garlinghouse took to Twitter, expressing his satisfaction with the long-awaited “Hinman documents,” suggesting their potential significance in the ongoing legal battle with the SEC. His tweet indicates that the documents could hold valuable insights for…
Token unlocks have the potential to affect supply dynamics, leading to anticipated market volatility. As tokens are unlocked, investor sentiment will play a crucial role in determining the post-unlock price movements Upcoming major token unlocks in the cryptocurrency market are poised to reshape the landscape as the industry progresses. With several prominent tokens scheduled for…
According to Monday’s filing, Binance.US stated its significant two-year-long efforts to cooperate with the SEC. Following the strong allegations made by the US SEC last week, Binance.US is gearing up to mount its defense. The company has taken a significant step by hiring four lawyers from Milbank LLP, along with George Canellos, the co-director of…
Elliptic reports that stolen cryptocurrency from Atomic Wallets is now being funneled through the OFAC-sanctioned Russian exchange, Garantex. This development raises concerns about the movement of illicit funds through a platform subject to international sanctions. The hacked funds amounting to $35 million from the Atomic Wallet breach are once again in motion, as the illicit…
Shibarium Beta Achieves Over 20 Million Transactions with Daily Volume Averaging 491,994 In the past month, Puppynet, the Shibarium Beta Testnet, has experienced a notable increase in transaction volume. Recent reports highlight a significant milestone for Puppynet, with a total of 20,514,524 (20.51 million) transactions successfully processed. On a daily basis, the network consistently handles…
In a ruling, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery upheld Galaxy Digital’s “clean termination right” in the acquisition of BitGo, as announced in 2022. The Delaware Court of Chancery has granted a motion from Galaxy Digital, a crypto investment firm, largely dismissing the case brought by digital asset custodian BitGo….
The governor of Florida, Ron DeSantis, has expressed his intention to protect individuals’ freedom to engage in Bitcoin transactions. He aims to defend people’s right to “do Bitcoin” as part of his stance on cryptocurrency. On May 24, Florida Governor Ron DeSantis announced his official entry into the United States presidential race. In a Twitter…