According to court documents, the legal actions taken against the bankrupt crypto lender’s business partners are expected to have a significant impact, exceeding $1 billion, on the creditors. Based on court documents, the legal actions pursued against the bankrupt crypto lender’s business partners are anticipated to greatly benefit the creditors, surpassing $1 billion in impact….
This move is one of the biggest fund transfers for Celsius Network since it sought bankruptcy protection in July. Celsius ETH staking with Figment – source (Arkham Intelligence) Celsius Network, a troubled cryptocurrency lender, used Figment, a professional staking service, to stake approximately $75 million worth of ether (ETH) last week, according to blockchain data….
Eun Young Choi stated that the Department of Justice (DoJ) is focusing on crypto exchanges that enable criminals to effortlessly profit from their unlawful activities and convert their ill-gotten gains into cash. According to the Financial Times (FT), the leader of crypto enforcement at the U.S. Department of Justice (DOJ) has pledged to take strong…
Representatives from the seven advanced economies showed they are dedicated to following the rules set by organizations like the FSB and IMF regarding cryptocurrencies and digital currencies issued by central banks. The G-7, a group of seven countries that work together on global issues, has shown that it is dedicated to using the rules that…
BRC-20 standard overview: The BRC-20 token standard is a way to create and exchange fungible tokens on the Bitcoin blockchain. It is like the ERC-20 token standard used on Ethereum and other similar blockchain networks. The BRC-20 standard allows for the creation and transfer of tokens with unique markings. Summary: Unlike the original design of…
The Chinese government plans to train a minimum of 500,000 individuals in web3 skills through its newly established national blockchain research center. Additionally, the government aims to create a unified blockchain network that connects existing networks throughout the country. Even though bitcoin (BTC) and other cryptocurrencies are still prohibited in mainland China, the government recognizes…
The quantity of bitcoin (BTC) supply that has remained inactive for the past two to three years has reached a two-year peak. This happened even as the asset’s price has been consolidating below $29,000, following a recent drop below that level more than a week ago. Glassnode, a company that provides intelligence on blockchain data,…
Q1 2023 revenue of $90.04M shows 88% growth from 2022 Q4. TRX volume rose 197% quarter-over-quarter. According to a report by Messari, an organization that provides market intelligence, the Tron blockchain experienced increased usage in Q1 of 2023. The total value of its native cryptocurrency, TRX, grew by more than 20% compared to the previous…
A lawmaker reportedly sold more than $4 million worth of cryptocurrency before the “Travel Rule” was enforced by the Financial Action Task Force in the country. Kim Nam-kuk, a lawmaker from South Korea, has stated that he is leaving the Democratic Party due to allegations of his involvement in cryptocurrency while working on legislation related…
According to reports, Amazon plans to use AI to reduce the distance between products and customers. This technology will have a positive impact on transportation, product search, and inventory management. Amazon is focusing on using AI to make deliveries faster by bringing products closer to customers. During an interview with CNBC on May 15, Stefano…
Both Samsung and South Korea’s central bank will work together to study how the country’s digital currency can be used for offline payments. Samsung Electronics has teamed up with South Korea’s central bank to study the use of digital currency issued by the bank for making offline payments. According to KBS World, on May 15,…
Head of US DOJ crypto enforcement unit vows to take action against unreliable cryptocurrency exchanges, decentralized finance platforms, and anonymous transaction mixers. The US Department of Justice’s national team responsible for cryptocurrency enforcement (NCET) has announced plans to strengthen its efforts in targeting wrongdoers within the crypto market, as reported by FT on May 15th….
Bitcoin experienced a significant rebound in the early morning Asian trading, boosting investors’ confidence for the upcoming price surge. On Monday, May 15, during the early trading hours in Asia, the price of Bitcoin increased by over 2% and surpassed $27,400. This rise in price allowed Bitcoin to break through the important resistance level of…
Recent data has revealed the number of traders who have experienced losses compared to those who have made profits with the meme token Shiba Inu. IntoTheBlock, a data provider, has recently released new information regarding Shiba Inu (SHIB), which is currently the largest meme token globally, following Dogecoin. Based on the latest information from IntoTheBlock,…
This particular altcoin, which is introducing an update today enabling token issuance on its network, is experiencing a rise in its value. The price of the altcoin Bitcoin Cash (BCH) has increased by up to 6% prior to its anticipated update. This update will enable developers to create tokens on the network, along with other…
Stuart Alderoty, Ripple’s Chief Legal Officer, highlighted two lawsuits where the US SEC debated the issue of ‘Common Enterprise’. The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has been closely watched by the crypto industry. A Summary Judgment in the case, which is highly anticipated, could bring clarity…
After the introduction of LTC20 standard for non-fungible tokens (NFTs), smaller Litecoin addresses have been contributing significantly to network activity. While many cryptocurrencies have been experiencing selling pressure, the price of Litecoin (LTC) has increased by over 7.59% in the past 24 hours. It is currently being traded at $87.05 and has a market capitalization…
The seller received assistance from Satoshi Nakamoto, the founder of Bitcoin, although it is unclear if the artist truly made the “sale.” On May 14, Crypto Twitter was filled with excitement as a suggestion arose that the very first purchase made using Bitcoin might have been for a JPEG image rather than pizza. Independent developer…
The Reserve Bank of Zimbabwe achieved a successful sale of its first gold-backed cryptocurrency. The Reserve Bank of Zimbabwe has sold gold-backed digital tokens valued at around $39 million, equivalent to 14 billion Zimbabwe Dollars, despite a warning from the International Monetary Fund. On May 12, the Zimbabwean central bank revealed that it had received…
There have been reports of issues with withdrawing funds on Coinbase, a widely used cryptocurrency exchange. Coinbase, a major cryptocurrency exchange, stated that customers from the UK and Canada experienced difficulties in withdrawing funds to their PayPal accounts. The company acknowledged the issue and mentioned that they are currently working on resolving it. As per…
According to Mike McGlone, there has been a recent trend where the price of gold has been rising in comparison to the price of Bitcoin. According to Mike McGlone, who is a Senior Commodity Strategist at Bloomberg Intelligence, the recent trend of gold’s price increasing compared to Bitcoin is noteworthy and might continue in the…
People who were found guilty have purchased Bitcoin at low prices when its value decreased throughout the past year. Over one million wallet addresses containing at least one whole Bitcoin (BTC) have been recorded, surpassing the milestone on May 13, as reported by Glassnode. When the price of Bitcoin dropped by more than 65% last…
The SEC initially wanted LBRY to pay millions of dollars in penalties, but now realizes the company cannot afford to pay that much. The US securities regulator wants to change its $22 million penalty against LBRY, a decentralized content platform. They now understand that LBRY probably doesn’t have enough money to pay that amount. On…
Changpeng Zhao, the CEO of Binance, which is the biggest cryptocurrency exchange globally, has chosen to stop following Elon Musk on Twitter. In surprising news, Changpeng Zhao, the CEO of Binance, the largest cryptocurrency exchange globally, has recently unfollowed Elon Musk on Twitter. This is unexpected because Zhao was one of the key investors in…
If the current correlation between Bitcoin and specific macro charts is any indication, the price of Bitcoin could potentially drop to $15,000 in 2023. The price of Bitcoin, represented by the ticker symbol BTC, has increased by almost 60% from $27,129 to around $27,000 in 2023. This surge was driven by expectations that the Federal…
A wallet that hasn’t been used for almost a year took out stablecoins from Binance and used them to buy meme tokens. A big crypto investor, known as a whale, made a huge buy of LADYS tokens, a meme coin based on the Milady NFT collection, after not doing anything for a whole year….
The developers have released a fix to address the ongoing finality issues on the Ethereum network. The developers of Ethereum (ETH) have made important updates to resolve the finality issues that were impacting the beacon chain. The beacon chain is a fundamental part of Ethereum 2.0, which aims to enhance the network’s security and efficiency…
According to the United States Congressional Budget Office (CBO), the government’s yearly deficits are expected to almost double in the next ten years. A recent report warns that the United States government may face a serious problem by June, as it could struggle to meet all of its financial obligations. The report, published by the…
LBank Exchange, a worldwide platform for trading digital assets, added PEPEAI (PEPEAI) to its listings on May 12, 2023. This means that all users of LBank Exchange can now trade the PEPEAI/USDT pair. Introducing PEPEAI: LBank Exchange is excited to share the news of the upcoming listing of PEPEAI (PEPEAI), a creative cryptocurrency token that…
Cryptocurrency analysis platform Glassnode released a new analysis highlighting an important level to watch for in the world of Bitcoin. Glassnode, a well-known organization that provides market information for Bitcoin and other cryptocurrencies, shared an analysis of Bitcoin on its official Twitter account. The analysis specifically looked at the cost basis and profitability…
Week’s top gainers: LADYS, PEPE, SUI. LADYS experienced the highest price surge in the past 24 hours, rising by 43.38%. Even though the crypto market had a downward trend over the week, a few cryptocurrencies managed to defy this and experienced significant growth in terms of market capitalization. Let’s explore the coins that stood out…
Riot Platforms, a crypto mining company, wants to end some agreements with Rhodium, a hosting service. They are also asking not to be responsible for any power credits they owe to Rhodium. Riot Platforms, a crypto mining company previously known as Riot Blockchain, has filed a lawsuit against Rhodium Enterprises, a Bitcoin miner in Texas….
Data from Upbit, the biggest cryptocurrency exchange in South Korea, indicates a notable increase in trading activity for these 5 altcoins on the stock market. Upbit, a well-known cryptocurrency exchange based in South Korea, has experienced a significant surge in trading volume for multiple altcoins. This development has attracted the interest of traders and industry…
Officials of a certain altcoin sparked rumors on Twitter about potential airdrops for users. Injective Protocol (INJ), a blockchain designed for financial purposes, hinted at the possibility of an airdrop for users who create an Injective wallet address. Through their official Twitter account, the project suggested that it would be beneficial for users to create…
Story Highlights Bitcoin’s price has slightly increased, but it remains in a relatively stable range. Ethereum is showing strong performance as its price surpasses important levels, although it faces challenges in maintaining that upward momentum. Meanwhile, XRP’s price is demonstrating resilience despite downward pressure, suggesting that a positive price movement may be on the horizon….
Unocoin, an Indian cryptocurrency exchange, has added popular meme-based cryptocurrencies FLOKI and PEPE to its platform. According to surveys, it is highly likely that BONE will be the next memecoin to join the exchange. Unocoin, a popular cryptocurrency exchange in India, has just added two highly popular meme coins, FLOKI and PEPE, to their platform….
The court in Montenegro has allowed Terraform Labs founder Do Kwon and former chief financial officer Han Chong-Joon to be released on bail. Media reports state that the court has decided to grant Kwon and Han release from custody and place them under house arrest. To ensure their compliance, they have been required to pay…
Virgil Griffith, an Ethereum developer who is currently in prison for five years, has been prohibited from exporting for 10 years by the Department of Commerce. This means he cannot engage in export-related activities until April 12, 2032. As a result of his actions, Griffith is now facing restrictions on participating in international trade and…
Ethereum network faced another incident within 24 hours. Blocks were proposed but not validated for 25 minutes. Ethereum, the second largest blockchain by cryptocurrency market value, experienced a technical issue on Friday. This issue caused a delay in the finalization of blocks on the network for nearly an hour. The Ethereum Foundation explained that to…
All members of the Cosmos community, using the ATOM token for governance, voted in favor of allowing Stride to join the ecosystem. Image source: bitcoinsistemi A significant voting phase has concluded in ATOM, a cryptocurrency network designed as an alternative to proof-of-work systems. During a governance vote, the majority of ATOM token holders approved the…
Every Digital Soul NFT can be exchanged for a special 3D-printed figurine. The NFC chips in the collectibles enable wireless data transfer between devices. Ubisoft, a popular video game publisher known for games like Far Cry and Just Dance, is now entering the world of NFTs with their widely acclaimed Assassin’s Creed franchise. Assassin’s Creed…
The government of the Central American nation is promoting a new image and claims that 1 million tourists have already visited this year. El Salvador’s minister of tourism says that the country is experiencing a record number of visitors. This is part of a larger effort by the country to change its image and showcase…
TL;DR Breakdown Polkadot price analysis highlights sideways price action. The price has slightly increased to $5.35. Support is present at $5.20 for polkadot. Today’s analysis of Polkadot’s price reveals that the cryptocurrency has only slightly increased to $5.35. The price movement has been inconsistent, with a modest rise observed. The fluctuations in price are moderate,…
The creditors will be compensated with a monetary amount equivalent to the value of their lost cryptocurrency assets as of April 15, 2019. Creditors of QuadrigaCX, the bankrupt Canadian crypto exchange, will be paid an “interim dividend” amounting to 13% of their total claims. Ernst & Young (EY), the bankruptcy trustee overseeing the process, informed…
Valkyrie, a company that manages assets, has recently submitted an application for a futures ETF focused on Ethereum (ETH). This ETF, called Valkyrie Ethereum Strategy ETF, aims to track the performance of Ethereum, which is the second-largest cryptocurrency in the world. While there is limited information available about the fund’s specifics, Valkyrie Digital Assets specializes…
Texas has put forth a bill to prohibit the use of Central Bank Digital Currency (CBDC). The drafters of the bill believe that CBDC is not a good idea. Texas, a state in the United States, recently announced that they are working on a bill to prevent the use of Central Bank Digital Currency (CBDC)…
Bakkt, a crypto business owned by Intercontinental Exchange, stopped its consumer app in February and is now focusing less on individual customers. Due to regulatory guidance and changes in the industry, Bakkt has decided to remove several digital assets, including popular decentralized finance (DeFi) tokens, from its offerings. Bakkt has removed several tokens from its…
The two mining companies are having a disagreement mainly because of their involvement in demand response programs in Texas. Whinstone US, a part of the bitcoin mining company Riot Platforms (RIOT), is taking legal action against Rhodium Enterprises, another mining firm. They claim that Rhodium owes them $26 million in hosting fees. Riot is also…
Binance, the biggest cryptocurrency exchange worldwide, has decided to leave Canada. They made this decision because of new rules about stablecoins (a type of cryptocurrency tied to a stable asset) and limits on how much investors can participate. Binance, a crypto exchange, has said it will stop working in Canada because the rules and regulations…
There has been a major shake-up in Twitter’s leadership as Linda Yaccarino, NBCUniversal’s head of advertising, recently stepped down. On Friday, Elon Musk, a billionaire, revealed that Linda Yaccarino will become the new CEO of Twitter. This marks another significant change in the top leadership of Twitter since Musk took control of the company in…