The XRP community has been expressing concerns about the slow growth of XRP to Ripple’s Chief Technology Officer (CTO), David Schwartz. They have proposed solutions such as burning the escrowed XRP tokens to potentially increase the value of the cryptocurrency. In response, Schwartz has provided insights into these suggestions.An XRP community member, known as “GDP.Burn […]
US Bitcoin CryptoIn a recent development, Gary Gensler, the head of the Securities and Exchange Commission (SEC), revealed that the SEC’s Twitter account had been compromised. He made this announcement via his own Twitter account, also clarifying that Exchange Traded Funds (ETFs) have not yet received approval.This announcement was made on Tuesday at 4:11 pm […]
BitPay, a leading crypto payment service provider, has expanded its support to include a wide range of cryptocurrencies. The newly added tokens include Uniswap, Chainlink, BNB, Cronos, and Basic Attention Token, among others. This move signifies a significant expansion in the company’s services.Stephen Pair, CEO of BitPay, stated that these updates and the newly supported […]
In a strategic move to unlock a significant portion of its Ethereum holdings, Celsius has transferred over 40,000 Ethereum, valued at over $90 million, to its major creditors, Coinbase and FalconX, over the past week. Arkham Intelligence reports that Celsius still holds a substantial amount of Ethereum in its Staked ETH account, approximately 59,000 ETH, […]
Digital Currency Group (DCG) has reportedly repaid its entire debt to the bankrupt cryptocurrency lender Genesis. However, an ad hoc group of Genesis creditors has disputed this claim in court papers filed in the Southern District of New York Bankruptcy Court. They argue that DCG still has a substantial debt remaining, with unpaid interest and […]
Binance Futures, the derivatives arm of the renowned crypto exchange Binance, is launching a significant campaign following the recent introduction of USDC-margined perpetual trading pairs. The futures platform, which introduced BTC, ETH, BNB, SOL, and XRP earlier this month, is set to give away up to $170,000 in USDC as part of an early-year promotional […]
The Monetary Authority of Singapore (MAS) has issued a warning against the cryptocurrency wallet firm imToken, placing it on its Investor Alert List. The central bank has cautioned crypto enthusiasts about engaging with the non-custodial service due to the absence of a financial business license, despite the company being headquartered in Singapore.ImToken responded to the […]
Chainlink (LINK) has been in the spotlight recently due to its strategic new partnerships, which have triggered a significant buying spree among crypto whales. This activity underscores the growing confidence in Chainlink’s long-term potential and its expanding ecosystem.SingularityDAO, a decentralized platform known for AI-enhanced crypto asset management, has teamed up with Chainlink Labs to support […]
As the deadline of January 10th for the potential approval of Bitcoin ETF applications by the US Securities and Exchange Commission (SEC) nears, Valkyrie Investments co-founder and CIO Steven McClurg has expressed optimism for the entire crypto community. Valkyrie Investments is planning to launch its spot Bitcoin ETF, named Valkyrie Bitcoin Fund, with the ticker […]
Altitude, a DeFi lending service that automates dormant funds in overcollateralized loans to seek additional yield opportunities, has announced the completion of a $6.1 million seed round of financing. The company has developed a novel approach to DeFi lending, aiming to maximize capital efficiency while maintaining a safe liquidation risk profile.Blockchain technology has revolutionized lending […]
