“Ledger’s recent update was designed to enhance user security by allowing private seed phrases on its wallets to be recoverable. It was an innovative step towards improving the overall user experience and safeguarding their assets” It may seem unusual for a CEO to support a competitor, especially when they are introducing a feature that resembles…
“The New York Attorney General’s office has announced an agreement with the trading platform. As part of the agreement, the platform will refund fees to investors that were overcharged and deceived” Coin Cafe, a crypto trading platform based in Brooklyn, has been ordered by the New York Attorney General’s office to reimburse defrauded investors. The…
“Chinese company MicroBT has introduced its latest model, which is the most powerful Bitcoin mining rig available. With a remarkable output of 320 TH/s, it surpasses the equivalent machines offered by its competitor Bitmain”. At the Bitcoin2023 conference in Miami, MicroBT, a manufacturer of Bitcoin mining machines, revealed three new mining rigs, with one of…
Large Dogecoin holders transfer more than 100 million DOGE. Some of the funds were sent to Binance. Dogecoin’s value has decreased by 2.3% in the past 24 hours. Dogecoin, a digital currency with a logo featuring a Shiba Inu dog, has gained widespread attention and popularity since its inception. Over time, it has garnered significant…
Republicans emphasized the potential for finding common ground through legislative compromise, while Democrats described their positions on stablecoins as a growing division. US lawmakers are still unable to bridge the gap between Republicans and Democrats regarding their distinct approaches to regulating stablecoins. This was evident during a Thursday hearing held by the House Financial Services…
Wormhole is a technology that allows for the easy transfer of assets between different blockchains. According to an announcement on May 18, a fund of $50 million has been established to support startups utilizing the Wormhole cross-chain messaging protocol. The fund will be managed by Borderless Capital, a venture capital fund, and has the support…
If Nevin Shetty is found guilty of wire fraud, he could potentially be sentenced to up to 20 years in prison. Nevin Shetty, who used to be a Chief Financial Officer (CFO) at a start-up company in Seattle, has been formally accused of wire fraud. The indictment was filed on May 17 in the U.S….
According to Jason Urban, Galaxy’s global head of trading, in 2022, decentralized finance (DeFi) had a great performance, while traditional methods of transacting, known as centralized finance (CeFi), faced some difficulties. Galaxy Digital recently completed its first over-the-counter (OTC) option trade, which is an important milestone in integrating traditional finance into decentralized finance (DeFi) infrastructure….
Bitcoin 2023 Conference Expects 15,000 Attendees, Down from 35,000 in Previous Year, with Robert F. Kennedy Jr. as Speaker. Thousands of Bitcoin enthusiasts gather in Miami Beach for the third consecutive year to attend an industry conference. The event will showcase notable speakers such as U.S. presidential candidate Robert F. Kennedy and author Michael Lewis….
Ripple CEO, Brad Garlinghouse, expressed concern that unclear regulations in the United States are causing cryptocurrency companies to leave the country. Ripple CEO, Brad Garlinghouse, stated that the unclear regulations in the US will lead to more cryptocurrency companies relocating away from the country. This is because firms like Ripple are actively seeking opportunities for…
Visa tests Ethereum Account Abstraction and ERC-4337 for crypto payments using two Paymaster contracts on the Goerli testnet. Visa, a major payments company, is actively exploring digital asset payments and innovative technologies to make crypto transactions easier and more seamless. After studying Account Abstraction for secure automatic recurring payments on self-custodial wallets, Visa is now…
Bitcoin Frogs Sales Skyrocket by 134% in 24 Hours, Transactions Surge by Over 39% Bitcoin Frogs, a collection of NFTs featuring pepe-themed artwork linked to Bitcoin, has gained immense popularity in the crypto world. The latest data shows that Bitcoin Frogs has surpassed the Bored Ape Yacht Club in transaction volume, making it the top-selling…
Bitgert Aims to Revolutionize Real Estate Deals Bitgert Releases Video Showcasing Marketplace Interface People have been wanting changes in the real estate industry for a while now. The traditional way of buying and selling properties can be slow and expensive. A new marketplace called Bitgert Geo Web3 Real Estate Marketplace has emerged, offering a decentralized…
“Technically speaking it is and always has been possible to write firmware that facilitates key extraction. You have always trusted Ledger not to deploy such firmware whether you knew it or not,” Ledger said on Twitter. Crypto wallet manufacturer Ledger faced criticism after their support team acknowledged on Twitter that they have the capability to…
Jump Crypto, Arrington Capital, the Solana Foundation, and Aptos Labs are also participating as investors in the fund. Borderless Capital, a venture capital firm based in Miami, is spearheading a $50 million fund that aims to support projects focused on creating innovative solutions for cross-chain technology. This was announced in a press release. The fund…
Render Token (RNDR) Leads in Price Surge as Crypto Market Shows Signs of Recovery The total value of the global cryptocurrency market has been unstable in the past month. On May 12, it reached a low point of $1.09 trillion. However, just three days later, it made a recovery and rose to nearly $1.15 trillion,…
Binance Partners with TradingView for Enhanced Trading Experience The biggest cryptocurrency exchange in the world, Binance, continues to introduce new ideas and advancements in the crypto industry. Binance has announced its integration with the widely-used data and analysis platform TradingView, making it convenient for users to trade cryptocurrencies. Binance has made it possible for…
Singapore’s Prominent Family Firm, Whampoa Group, Plans to Establish Cryptocurrency Bank Whampoa Group, a top multi-family company in Singapore, intends to set up a cryptocurrency bank in Bahrain. The bank will offer round-the-clock payment and settlement services for digital asset businesses. Whampoa Group Establishes Cryptocurrency Bank in Bahrain Whampoa Group plans to launch a cryptocurrency…
The company will also demonstrate a product that allows real estate assets to be converted into digital tokens as part of Hong Kong Monetary Authority’s e-HKD pilot program. Users can manage and customize the entire life cycle of the CBDC, including minting, distribution, redemption and destruction. (Ripple Labs) Ripple is launching a platform that enables…
Head of Global Financial Crimes Watchdog Urges G-7 Leaders to Implement Anti-Money Laundering Rules for Cryptocurrency. The president of the global financial crimes watchdog has called on the advanced economies of the Group of Seven (G-7) to lead the way in fighting against illegal financial activities in the cryptocurrency space. This can be achieved by…
Hedera Continues to Expand its Network, Attracts Diverse Projects and Enterprises Dell Joins Hedera Governing Council, Strengthening Committee with New Addition Hedera, the open-source public network with a governing council, has welcomed COFRA as its newest member. With this addition, the council now consists of 30 members. COFRA, a long-standing family firm, has been in…
Binance announces support for Cocos-BCX (COCOS) rebranding. Binance, the biggest cryptocurrency exchange globally, is making more altcoin announcements. Along with removing certain altcoins from its platform, Binance is also adding new altcoins and providing support for the rebranding of other altcoins. In a recent update, Binance has announced its support for the altcoin called Cocos-BCX…
SUI price rises 3.80% in 24 hours, trading starts May 18, 2023, at 9 AM PT. Coinbase, the largest cryptocurrency exchange in the US, has announced that it will add Sui (SUI) to its trading platform. The company aims to provide trustworthy digital assets to everyday users and promote the adoption of Web3 technology. This…
Tether, a stablecoin company, has announced that it plans to allocate 15% of its earnings to invest in bitcoin. This decision follows Tether’s recent report confirming that it holds $1.5 billion worth of bitcoin reserves. Tether’s Strategic Shift: Profits to Fuel Bitcoin Acquisition: Tether, the company responsible for a popular digital currency called stablecoin, has…
Over the past three weeks, the cryptocurrency market has experienced a significant decline, with its global market capitalization decreasing by approximately $145 billion. Shiba Inu (SHIB), which is the second-largest meme coin, has not provided a secure and stable investment for its holders. In the past 30 days, the price of SHIB has consistently declined…
Binance, a platform for trading cryptocurrencies, has shared news that it will introduce two additional trading pairs starting from May 19, 2023. Binance, a well-known cryptocurrency exchange, has recently included two new trading pairs on its platform. Users can now trade the altcoins AST/USDT and SNT/USDT starting from May 19, 2023, at 11:00 AM. Binance…
The Finance Minister and officials from the central bank of the country expressed unfavorable views on cryptocurrencies during their statements to the press. During a statement to the press, Pakistani Finance Minister Aisha Ghaus Pasha made a series of remarks regarding cryptocurrencies. The minister firmly stated that digital assets would never be deemed legal within…
Dogecoin hit 1.1264M daily transactions, surpassing Bitcoin and Ethereum. DOGE price surged by 3% in 24 hours. The introduction of DRC-20 tokens, which are similar to BRC-20 tokens, caused a huge increase in Dogecoin’s transaction volume. This happened after a frenzy of BRC-20 tokens on the Bitcoin network. Dogecoin’s daily transaction volume experienced a big…
Terra co-founder Do Kwon and Terraform Labs have withdrawn millions of dollars amidst ongoing legal proceedings to freeze assets, following the Terra-LUNA Crisis that occurred a year ago. According to multiple South Korean media reports, Terra co-founder Do Kwon withdrew digital assets worth 2.8 billion won ($2.15 million) prior to receiving bail approval from a…
Over the last 24 hours, NFT transactions amounted to approximately $2 million in value. Buys and sells of Bitcoin Frogs-source: (CryptoSlam) Bitcoin Frogs, a recently introduced collection of non-fungible tokens (NFTs) featuring frog designs, has emerged as the most-traded collection in the last 24 hours. It has surpassed popular collections like Bored Apes in terms…
Revolut, the digital bank that is supportive of cryptocurrencies, expressed its intention to obtain a banking license. By acquiring this license, they aim to adhere to a more stringent “regulatory standard” that can instill confidence in consumers. Revolut, a fintech company known for its cryptocurrency-friendly services, has introduced business accounts with a focus on international…
The purpose of the discussion was to enhance decentralization within the dYdX ecosystem in preparation for its v4 upgrade. DYdX, the decentralized platform famous for its perpetual contracts, is currently exploring the idea of establishing additional subDAOs to further decentralize the management of its ecosystem. A recent post by Fox Labs Digital, an Australian marketing…
“10,000 AI Art Profile Picture NFTs in New Collection” “50% Royalties from AIDOGE NFTs Staked by Holders” ArbDoge.AI, a well-known participant in the NFT industry, has given a glimpse into the pricing system for their much-anticipated “Truth AIDOGE NFT” collection. Although complete details will be revealed in the forthcoming documentation and website updates within a…
Binance Australia reassures users, says they’re actively searching for a new option to keep AUD deposits and withdrawals available. Binance Australia, the Australian branch of the largest cryptocurrency exchange, announced on Thursday that it has temporarily suspended its services involving the Australian dollar (AUD). They explained that this decision was prompted by actions taken by…
Bullish ARB Price Prediction 2023: $1.28-$1.40 ARB Price Forecast: $2 Target Bearish ARB Price Prediction 2023: $1.052 In this ARB price prediction for 2023, we will examine the price patterns of ARB using reliable technical analysis indicators that are easy for traders to understand. We will also make predictions about how the cryptocurrency may move…
Binance CEO CZ mentioned that the complex structure of the United States government, consisting of numerous departments, makes it challenging to pinpoint the exact reasons behind the lack of acceptance of cryptocurrencies. Binance CEO Changpeng Zhao (CZ) discussed the potential reasons for the United States’ hesitancy in implementing a clear policy for the cryptocurrency market….
Metaco will keep working independently with its own team, led by CEO and founder Adrien Treccani. Ripple, a blockchain company, has bought a Swiss crypto storage company called Metaco for $250 million, according to a statement released on Wednesday. By acquiring Metaco, Ripple will be able to expand its services and use their technology to…
Axie Infinity, a highly popular game built on blockchain technology, can now be downloaded from the App Store. Apple, a big tech company based in the United States, has made a significant move in the cryptocurrency industry. Axie Infinity, a highly popular game that uses blockchain technology, can now be downloaded and played on the…
Coinbase Expands Globally Amid SEC Crackdown, Receives Singapore MAS Clearance. Following the SEC’s denial to provide clarity on crypto regulations, Coinbase is considering Singapore as a new focus. Due to the unclear cryptocurrency laws in the US, CEO Brian Armstrong is exploring the possibility of relocating the company’s headquarters to the Bahamas, the United Arab…
Gruenberg Raises Concerns about Crypto in Prudential Regulators Hearing Former SVB CEO Attributes Failures to Rising Interest Rates The failure of Signature Bank was primarily attributed to inadequate management and insufficient liquidity. FDIC Chairman Martin Gruenberg, however, believes that the bank should have been more aware of the risks associated with cryptocurrencies, as it could…
Earlier this week, the transaction volumes of this memecoin exceeded those of Litecoin and Bitcoin. Earlier this week, the transaction volumes of Dogecoin (DOGE) briefly surpassed those of Litecoin and Bitcoin. DOGE Transaction Volume Sets Record, Surpasses Bitcoin. Earlier this week, Dogecoin’s daily trading volume increased significantly, reaching ten times its daily average. This surge…
UK Treasury Committee Comprised of Parliament Members. Cryptocurrency Gaming Winnings to Face Highest Tax Rate. A UK regulatory group, the Treasury Select Committee, composed of members of Parliament, has released a report stating that unbacked cryptocurrencies like Bitcoin (BTC) should be treated as gambling for retail investors. The committee “strongly recommends” adopting this approach in…
Telegram assures users that they were not at risk following the discovery of a security exploit that could potentially enable attackers to take control of a macOS device’s camera. Telegram has downplayed the seriousness of a recently uncovered exploit that enabled researchers to access the camera systems of Apple macOS devices. Software engineer Dan Revah…
After being initially mentioned in 2021, the investment fund is now taking advantage of the meme-worthy ticker symbol for its newly introduced leveraged Bitcoin ETF. In its most recent filing for futures-based exchange-traded funds (ETFs), Valkyrie is using a popular meme from the financial Twitter community, often referred to as “fintwit,” to attract attention and…
NFT collections, which have become popular in China, are now facing new guidelines after the country banned cryptocurrency trading. China’s top legal prosecution agency has cautioned that non-fungible token (NFT) digital collections possess characteristics similar to virtual assets, which are prohibited in the country. The highest legal prosecution agency in China, called the Supreme People’s…
Origin Protocol, a decentralized finance startup, has launched a new token that offers attractive returns to investors participating in Ethereum staking. Origin Protocol, a decentralized finance (DeFi) startup, has recently entered the Ethereum staking arena. Origin Protocol has launched a new token called OETH, with the aim of helping cryptocurrency investors maximize their earnings…
Binance recently made an announcement stating that they have removed three altcoin pairs from their Margin trading platform. Binance, a cryptocurrency exchange, has announced the delisting of several altcoin pairs from its Margin trading platform. Specifically, the JASMY/BTC Cross margin pair, as well as the AMP/BTC, JASMY/BTC, and STMX/BTC Isolated margin pairs, will be delisted…
Earlier this week, the number of transactions on Dogecoin briefly exceeded those on Litecoin and Bitcoin. The daily number of transactions on Dogecoin increased by ten times compared to the average earlier this week, reaching a record high. This surge in transactions was attributed to the introduction of a new feature that enables the creation…
The CEO of Ripple Labs sees it as a positive step towards transparency as the Hinman Emails will be made public in the near future. Ripple Labs has achieved another victory in its ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). The latest court order from Judge Analisa Torres rejected the SEC’s…
Senator Lummis pointed out that Scott Shay from Signature Bank mentioned digital assets 10 times while discussing the bank’s collapse. A former executive from Signature Bank has faced criticism for attempting to blame cryptocurrency for the bank’s collapse while allegedly benefiting from millions of dollars in bonuses and stock options. During a hearing held by…