The amount of staked ether has reached a new record high of 19.55 million, with ETH staking deposits surpassing withdrawals. Looking back, the selling pressure on ether (ETH), the native token of Ethereum, was not significant after the Shanghai upgrade, which allowed for staking redemptions for the first time. This conclusion was drawn from a…
Binance remains the leading platform for trading crypto derivatives. Image source: “coindesk” In April, the trading volume of cryptocurrency derivatives on centralized exchanges experienced a decrease, while spot trading volume declined even further. This resulted in the derivatives market share reaching a new record high. As reported by CCData, the market share of crypto derivatives…
One of the largest claims is a $20.4 billion demand against Alameda Research LLC, citing unpaid partnership taxes amounting to nearly $20 billion. The US Internal Revenue Service (IRS) has submitted claims amounting to around $44 billion against the estate of the bankrupt cryptocurrency exchange FTX and its associated entities. Bankruptcy filings from April 27…
Coinbase’s recent email newsletter to its customers on May 10 has received strong criticism from the Pepe community, leading to widespread backlash. Coinbase’s email to its customers, referring to the memecoin Pepe (PEPE) as a “hate symbol” associated with alt-right groups, has sparked considerable anger within the memecoin community. A well-known crypto influencer, Borovik.eth, shared…
Shibarium, Shiba Inu’s Layer-2 Solution, to be Integrated into London-based Exchange Swapika. In a recent tweet, Swapika announced its plans to incorporate Shibarium, the layer-2 solution, upon its launch. The non-custodial cryptocurrency exchange intends to expand its support for the Shiba Inu ecosystem in the near future. Big news for #ShibaArmy Swapika is proud to support $BONE, $SHIB,…
Alpha is a blockchain designed to mainly facilitate decentralized trading. Vega has officially launched its Alpha mainnet, which is a specialized blockchain created to enable decentralized trading of financial products like futures and options in the crypto derivatives market. Alpha provides support for different types of markets and assets, such as futures, spot swaps, options,…
Last week, the Federal Reserve hinted that it might take a break from raising interest rates, despite the fact that inflation is still significantly higher than its desired 2% target. The April inflation report was released Wednesday morning “Image source coindesk” According to the Consumer Price Index (CPI) report released by the Bureau of Labor…
Hong Kong wants to become a major hub for digital assets, which has attracted the attention of many companies. However, it’s important to note that these companies should be prepared for strict regulations, as the region has indicated. The authorities are currently working on developing new licensing rules for service providers involved with cryptocurrencies, as…
Bybit Surpasses 15 Million Users, Experiencing Rapid User Growth Bybit Adds SUI Token to its Exchange, Joining Three Other Exchanges Bybit, a major global cryptocurrency exchange, saw its user base increase twofold in just six months. Starting with 10 million users in the third quarter of 2022, the exchange reached an impressive milestone of 15…
After gaining attention through their testnet launch and hackathon, Venom has now signed a Memorandum of Understanding (MOU) with the Kenyan government. The objective of this collaboration is to establish a dedicated blockchain center in Kenya, focused on the development of Web3 applications. The Venom Foundation and the Government of Kenya have entered into a…
Lido DAO, the governing body of decentralized lending platform Lido Finance, has objected to returning a small portion of the seized SushiSwap funds. SushiSwap, which experienced a loss of $3.3 million in cryptocurrencies due to a recent application flaw, has successfully recovered most of the funds. The Lido vault of the DeFi platform repurchased 885…
The European Union (EU) member is currently exploring different possibilities for a digital currency issued by the central bank. This digital currency aims to provide assistance to individuals who do not have access to traditional banking services. According to a senior official, Hungary does not currently perceive a pressing requirement for a widely accessible central…
After listing numerous tokens, Binance CEO Changpeng Zhao has introduced new criteria for delisting in the Innovation Zone. This change comes as a response to the growing number of token listings on the platform. The Innovation Zone will now have stricter rules to determine which tokens will be delisted. Binance, the world’s biggest exchange, has…
According to S&P, some people believe that cryptocurrencies might be sought after during periods of high interest rates and inflation, as they could potentially retain their value. However, S&P notes that the limited history of cryptocurrencies makes it difficult to establish a definitive track record in supporting this claim. S&P Global Highlights Cryptocurrencies’ Potential as…
Travala Introduces BRISE as a Payment Option for Booking Services. Bitgert (BRISE) Price Shows Minor Decline Today. The team behind the innovative token “Bitgert (BRISE)” has partnered with Travala, an online travel agency backed by Binance. This integration allows crypto enthusiasts and BRISE users to easily book hotels, flights, and various activities worldwide. Travala.com Now…
Famous NFT Collector Machi Big Brother Buys More Than 66 Billion PEPE Tokens in the Last Three Days – What Does It Mean for the Future of $PEPE? Jeffrey Huang, also known as Machi Big Brother, a former musician and tech entrepreneur, recently bought 6 billion PEPE tokens for $12,000 USD. However, it’s important to…
Ripple (XRP) Sees 1.38% Surge in 24 Hours Global Inclusion Could Propel Price Surge for Ripple After a two-week decline, Ripple (XRP) is experiencing a renewed upward movement in its trading price. Over the past 24 hours, the coin has seen a 1.38% increase. While this may not appear substantial, it has brought positive momentum…
Big investors are scooping up the meme coin despite its price drop, hinting at a potential rise in the near future. Pepecoin (PEPE) traders aren’t bothered by the recent price drop and are buying more tokens, indicating positive price trends ahead in the next few weeks. According to Lookonchain, a tool that analyzes blockchain data,…
Gemini to Launch Mobile App and Website for PEPE Trading, Bringing Convenience to Traders. Pepe Coin Outperforms BTC and ETH with a 6% Higher Increase. Gemini, a popular cryptocurrency exchange, has included the “favorite memecoin Pepe (PEPE)” in its list of tradable assets. Soon, trading for $PEPE will be available on the platform. Investors from…
Digital Asset Investment Products Experience $54M Outflows, Extending Three Weeks of Negative Sentiment. Bitcoin Leads with $32M Outflows, Short-Bitcoin Investment Products See Record $23M Withdrawals. Investment Products Show Continued Interest Despite Negative Sentiment, Solana Witnesses Significant Inflows. Investors in digital assets are feeling a change in their attitudes as the week ending May 7, 2023,…
Following the attack, the Aragon Association has decided to cancel its previously announced plans to grant voting rights to ANT token holders over its DAO (Decentralized Autonomous Organization). Aragon, a platform for creating decentralized autonomous organizations (DAOs), has decided to revoke its initial proposal of granting voting rights to holders of its native Aragon (ANT)…
Bitcoin and Ether prices decline for the fourth consecutive day, while less popular altcoins experience a significant increase in trading activity, reaching double their average volume. Bitcoin and Ether continued to decrease in value for the fourth day in a row, reducing some of their gains from earlier in the year (66% for Bitcoin and…
On Binance.US, the price of Bitcoin reached a peak of $28,600 during the day, surpassing the intraday market price high of $28,000. As the global cryptocurrency exchange Binance continues to recover from multiple interruptions in Bitcoin (BTC) withdrawals, its American counterpart, Binance.US, is selling BTC at a higher price than the average market rate, known…
Binance Plans to Adopt Lightning Network; Which Major Crypto Exchanges are Lightning Ready, and Which Ones are Not? The significant increase in Bitcoin transaction fees, causing a decrease of $27,832 in BTC values, has motivated one of the largest cryptocurrency exchanges to upgrade to the Bitcoin Lightning Network. After experiencing another pause in withdrawals, Binance…
Binance to Launch Support for Bitcoin Ordinals (Bitcoin NFTs) in Late May 2023 Over Three Million NFTs Minted on the Bitcoin Network Since Launch Binance, the widely used cryptocurrency exchange, has revealed its plans to join the growing Bitcoin-based market. In an announcement today, Binance shared that it will soon enable users to create and…
This amount stands in contrast to a net loss of $111.7 million in the same period last year and a net loss of $288 million in the previous quarter. Galaxy Digital (GLXY), a financial services company specializing in cryptocurrencies, recorded a profitable first quarter, marking its return to profitability since the end of 2021, thanks…
Ordinals Token Now Available on Numerous Centralized Exchanges The combined market value of tokens developed on the Ordinals protocol has surpassed $900 million. The Ordinals protocol is revolutionizing the Bitcoin landscape by enabling individuals who run Bitcoin nodes to embed data into each satoshi, resulting in the creation of the Ordinals ($ORDI) token. It’s important…
According to President Hong Fang, Turkey was selected for the new office as it is a significant market. The exchange had previously stated its intention to open a branch in Australia. OKX, a well-known cryptocurrency exchange, intends to open an office in Turkey in the coming months. To prepare for its expansion, OKX has already…
Big Update from Terraform Labs: The company, co-founded by Do Kwon and Daniel Shin, moved tokens worth millions just one year after the Terra-LUNA crisis. Notable Transaction by Terraform Labs: The company, co-founded by Do Kwon and Daniel Shin, transferred Convex Finance (CVX) tokens worth millions to another wallet on Tuesday. The transfer took place…
Good News for Crypto Traders: Binance Increases Support for Recently Listed Meme Coins PEPE and FLOKI, Resulting in Price Rise. Exciting News for Crypto Traders: Binance, the world’s largest cryptocurrency exchange, announced on Tuesday that they now provide increased support for recently added meme coins PEPE and FLOKI. Great News for Investors! Binance, the world’s…
Binance wants to work with more NFT projects and help Bitcoin Ordinals grow and improve. Big News for Bitcoin Ordinals: Binance, the largest cryptocurrency exchange, revealed that their NFT Marketplace will soon support Bitcoin Ordinals (Bitcoin NFTs). This means more choices for traders and a bigger NFT community on Binance. Bitcoin Ordinals: A Game-Changer for…
Bitcoin, the biggest cryptocurrency, is experiencing a decline for the third day in a row, even as more people are becoming Bitcoin owners. Bitcoin’s price began to fall on May 6th, when it was valued at approximately $29,700. As the total value of the global cryptocurrency market decreased from around $1.2 trillion to $1.13 trillion…
Binance Labs is starting its first competition for investing in metaverse projects on May 12th. The event includes 12 web3 startups competing for investment funds. CEO Changpeng Zhao (CZ) is not among the judges for the show. Binance Labs, the team behind the popular crypto exchange Binance and BNB Chain, is introducing a new reality…
The investment turned out to be successful, and the individual has made a substantial profit of several hundred thousand dollars. Crypto traders are paying high prices to invest early in newly-launched meme coins and acquire a significant portion of the available supply. According to data from the blockchain, a trader paid a very large fee…
Estonia’s regulator finds problems with crypto companies, including questionable executives and unrealistic business plans. Nearly 400 virtual asset service providers (VASPs) in Estonia have closed down or had their authorizations revoked as a result of the government’s new anti-money laundering laws. These laws, aimed at preventing terrorist financing, were implemented in March. The updated laws…
The popularity of BRC-20 tokens has led to a 92% increase in registered inscriptions on the Bitcoin network within just 8 days. The number of registered inscriptions on the Bitcoin network, indicated by the BTC ticker, has experienced another significant surge. It has nearly doubled, rising from 2.5 million to 4.78 million in just the…
Core Scientific denies Celsius’ claim of $4.7 million, stating that Celsius has been unjustly benefited. The bankrupt Bitcoin mining company, Core Scientific, has opposed a $4.7 million administrative claim made by crypto lender Celsius Network. This disagreement has sparked a dispute between the two companies regarding their contractual responsibilities. Core Scientific has filed an objection…
Bankman-Fried, the individual associated with FTX, has not taken steps to dismiss charges related to securities fraud or money laundering. Late on Monday, Sam Bankman-Fried, the founder of FTX, submitted legal motions before the trial to request the dismissal of most of the charges against him. He cited various reasons to support his request. Bankman-Fried,…
Bittrex had previously announced plans to leave the United States, but the company is also dealing with a legal action from the Securities and Exchange Commission (SEC). Bittrex, a cryptocurrency exchange, has filed for bankruptcy in Delaware, USA, on Monday. This comes after the company’s earlier announcement about gradually closing down its operations in the…
The company explained that the outcome of the product will be determined by how both Bitcoin (BTC) and its gold-backed token XAUT perform together. Orbit Markets, a company that provides liquidity for cryptocurrencies to institutions, is launching a new type of investment product that combines Bitcoin and gold. They are partnering with execution broker PI…
Ripple, a big company in payment solutions, revealed its intention to expand to Dubai. They mentioned the clear rules set by regulators and the increasing number of customers in the region as important reasons for this move. Ripple, a well-known company that offers payment solutions and is responsible for XRP, revealed its plan to expand…
Gbitcoins Cloud Mining Makes Expensive Hardware Unnecessary. Gbitcoins Enhances Security and Protects Investments from Malicious Entities. As cryptocurrencies gain broader acceptance and popularity, investors are looking for new opportunities to profit from digital assets. In the current era, “cloud mining” has emerged as a significant method to earn various cryptocurrencies, such as Bitcoin and Ethereum,…
Coinbase CEO Expresses Optimism About the Nation’s Crypto Growth Potential. Coinbase Aims for 1 Billion Global Crypto Users with Support from the UAE. Coinbase CEO Acknowledges UAE’s Impressive Crypto Growth Potential. The UAE 🇦🇪 deserves a lot of credit for being forward thinking on crypto. First dedicated crypto regulator in the world, a clear rule…
Following concerns over money laundering, regulators in the tech-friendly nation have decided to resume their normal monitoring practices, abandoning the strict approach they had adopted: Data released by Estonia’s money-laundering regulator on Monday reveals that the implementation of a controversial crypto law has resulted in an approximately 80% decrease in the number of registered firms…
Worldcoin has introduced a user-friendly wallet called World App, which aims to assist individuals in confirming their humanity in the era of artificial intelligence (AI). This minimalist wallet simplifies the process of demonstrating one’s human identity amidst advanced technology. With the rise of large language models (LLMs) like ChatGPT, artificial intelligence (AI) has the potential…
Binance recently made an important announcement about pending Bitcoin withdrawals. Here’s a simplified version of the statement Binance, which is the biggest exchange for digital money worldwide, has declared that all the Bitcoin withdrawals that were waiting have now been completed. We have finished processing all the Bitcoin withdrawals that were waiting. We appreciate your…
Brad Garlinghouse, speaking at the 2023 Dubai Fintech Summit, expressed that the United States prioritizes politics over policy. Ripple, a blockchain company, is expected to incur approximately $200 million in costs due to its ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC), as reported by Cointelegraph, citing Ripple CEO Brad Garlinghouse. During…
A recent chain fork at block height 788686 caused an unexpected event in the Bitcoin network, resulting in the double spending of nearly 10 bitcoins (BTC), as reported by Fork Monitor, a platform that monitors chain forks. Today, prominent Chinese blockchain reporter Colin Wu highlighted a significant development in a tweet, referencing data from Fork…
European Data Act Negotiations Set to Conclude by June End. Future Dialogue Meeting Set for May 23 to Continue Discussions. The European blockchain sector is gearing up for a final effort to prevent regulations that could potentially harm the smart contracts supporting decentralized finance (DeFi) protocols. European authorities have been working on implementing these regulations,…
According to Prime Minister Daniel Risch, under the proposed plans, any cryptocurrency received will be promptly converted into Swiss francs, as stated in an interview with German news publication Handelsblatt. According to a report by German news outlet Handelsblatt, Liechtenstein intends to introduce bitcoin (BTC) as a payment method for government services. Liechtenstein’s Prime Minister…