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2 years, 1 month ago
XRP Could See 58x Surge, Comparable to Ethereum's Historic Performance
Crypto analyst EGRAG CRYPTO recently suggested that XRP could experience a 58x surge, similar to Ethereum’s historical performance. XRP is currently valued at $0.5215 and if it were to follow Ethereum’s tra…
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2 years, 1 month agoPayPal Moves Toward Blockchain Ecosystem with NFT Patent Filing, Mythos Chain Surpasses Polygon and Solana in NFT Trading Volume
Yuga Labs has announced a restructuring that has seen several roles “eliminated across the company”. CEO Daniel Alegre suggested the firm had taken on too many projects that were ultimately distracting it from its…
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2 years, 1 month agoSBF Trial: Emotional Toll on Parents, Financial Blow to FTX, and Uncertain Outcome
The highly anticipated trial of disgraced FTX founder Sam Bankman-Fried (SBF) has not gone well for the former billionaire. The U.S. Department of Justice (DOJ) is leading the prosecution, portraying Bankman-Fried…
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2 years, 1 month agoDOJ Accuses SBF of Misleading Investors: Bankman-Fried Trial Begins with Defense Denial of Secret Transactions
The Sam Bankman-Fried trial began on October 4th, with the United States Department of Justice (DOJ) and the former FTX CEO’s defense presenting their arguments to the 12-person jury. The DOJ accused B…
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2 years, 1 month agoAlameda Research Granted Special Privileges at FTX Exchange: Gary Wang Testifies
Gary Wang, co-founder of FTX, revealed more details of Alameda Research’s corrupt relationship with his exchange during Sam Bankman-Fried’s fraud trial on Friday. Wang claimed that the function required for Ala…
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2 years, 1 month agoTron Surpasses Ethereum and Bitcoin in Daily Active Addresses
Tron, a platform for deploying smart contracts and running decentralized applications (dapps), is rapidly growing its daily active addresses (DAA). According to Token Terminal, Tron has over 1.9 million DAA, more…
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2 years, 1 month agoKraken Acquires Dutch Crypto Broker BCM to Expand European Footprint
Kraken, a prominent virtual currency exchange network, has declared its intention to acquire Coin Meester B.V. (BCM), a respected crypto broker based in the Netherlands. This strategic acquisition aims to cement…
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2 years, 1 month agoFriend.tech Generates More Fees than Bitcoin, Despite SIM-Swap Attacks
Friend.tech, a decentralized social media platform built on the Base, the Ethereum layer-2 scaling solution backed by Coinbase, has generated more fees and revenue than Bitcoin. This transactional platform allows…
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2 years, 1 month agoMillions of Dollars Worth of SOL Unstaked Amid SBF Trial
Solana Compass recently provided insights into the latest Solana (SOL) network activity during its 512 epoch. An estimated 19.637 million SOL tokens were unstaked, valued at approximately $449 million. After…
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2 years, 1 month agoCanadian Crypto Exchanges Face New Stablecoin Trading Rules
The Canadian Securities Administrators (CSA) has provided guidance to the trading of stablecoins on crypto exchanges in the country. The update comes months after major exchanges, including Binance, halted…
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2 years, 1 month agoSam Bankman-Fried Trial: Cryptocurrencies Take Center Stage in FTX Collapse Case
Sam Bankman-Fried, the founder of FTX, is currently on trial in a New York district court. Federal prosecutors have accused him of financial misconduct and misappropriation, while the defense argues that external…
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2 years, 1 month agoBitcoin Could Soar to $120,000 in Early 2024, Analysts Predict
Glassnode co-founders Jan Happel and Yann Allemann, who share the handle Negentropic on the social media platform X, predict that Bitcoin (BTC) could soar into six figures early next year. They believe that the…
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2 years, 1 month agoQ3 2023 Sees Strong Net Inflows to Bitcoin Wallets Holding 0.1% of Supply
Bitcoin holders with at least 0.1% of the total supply saw strong net inflows in Q3 2023, despite the asset’s price plunging to $25,000. According to crypto market intelligence firm IntoTheBlock, these wallets r…
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2 years, 1 month agoU.S. Jobs Report Defies Expectations, Boosts Markets
The U.S. Bureau of Labor Statistics released a better-than-expected jobs report in September, which has had a positive effect on stock and bond markets. The nonfarm payroll employment increased by 336,000, and the…
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2 years, 1 month agoTHORSwap Pauses Trading After Suspicious Transactions Move Through Platform
The decentralized exchange THORSwap, based on ThorChain, has paused all trading activity after suspicious transactions were detected on the platform. These transactions were linked to the FTX hackers who had stolen…
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2 years, 1 month agoCircle Ventures Joins XION Ecosystem, Pushing Boundaries of Blockchain Technology
Circle Ventures has joined a consortium of notable investors in the Burnt and XION blockchain ecosystem, a testament to XION’s potential and innovation. This collaboration highlights the commitment to advancing b…
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2 years, 1 month agoHong Kong Regulator and Police Force Join Forces to Combat Illegal Crypto Activity
The Securities and Futures Commission (SFC) of Hong Kong has teamed up with the Hong Kong Police Force (HKPF) to form a working group that aims to combat illegal activities on virtual asset trading platforms…
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2 years, 1 month agoCFTC Accuses Voyager Co-Founder of Derivatives Violations Before Bankruptcy
The U.S. Commodity Futures Trading Commission (CFTC) has determined that Stephen Ehrlich, a co-founder of Voyager Digital, violated derivatives regulations before the company’s bankruptcy last year. The CFTC’s enf…
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2 years, 1 month agoStablecoin Market Cap Drops to Lowest Since September 2021
The global cryptocurrency market has been struggling with the bearish market, and the stablecoin market is no exception. According to Binance Research, the stablecoin market capitalization has seen a consecutive…
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2 years, 1 month agoHacker Steals 234 ETH From Friend.Tech in Under 24 Hours
The cryptocurrency market saw a lot of important developments this week, with its total capitalization now hovering around $1.14 billion. Bitcoin’s price went through a rollercoaster, trading at around $27,000 l…
