According to a recent report by the Wall Street Journal, cryptocurrency giant Binance has ceased offering its clients the option to conduct peer-to-peer transactions through sanctioned Russian banks.  This decision comes just days after a Wall Street Journal exposé shed light on how the exchange allegedly facilitated the movement of funds from Russia to other […]

HashKey, a prominent Asian cryptocurrency exchange, will soon be offering its retail customers the option to trade in two of the most dominant digital currencies: Bitcoin and Ethereum, according to a report. This move by HashKey comes after securing crucial regulatory clearances, positioning Hong Kong as a frontrunner in adopting and legitimizing cryptocurrency trading for […]

The US Treasury Department has recently published a proposed rule requiring cryptocurrency brokers, including exchanges and payment processors, to report user information regarding sales and exchanges of digital assets to the Internal Revenue Service (IRS).  According to a CNBC report, the move is part of a broader effort by Congress and regulatory authorities to crack […]

San Francisco-based exchange Coinbase has fallen behind decentralized exchange Uniswap in terms of trading volume since the beginning of 2023, making the DeFi exchange the premier decentralized trading spot for users.  Trading Volumes On Uniswap And Coinbase Taking to X (Formerly Twitter) Bitwise researcher Ryan Rasmussen revealed that Uniswap performed better than Coinbase in terms […]

In a groundbreaking move that signals a convergence of traditional finance and the burgeoning crypto economy, Coinbase announced its intention to list PayPal’s stablecoin, PYUSD. This comes on the heels of Kraken’s recent addition of PYUSD trading options, marking a significant stride in the stablecoin’s mainstream adoption. “Coinbase Assets” took to Twitter to confirm the […]

Several events in FTX’s bankruptcy proceedings continue to unravel as the crypto exchange seeks to settle its creditors and possibly restart. The latest of these is that the company has moved to protect its remaining assets with the help of Galaxy Digital. FTX Seeks To Protect Crypto Assets According to a filing dated August 24, […]

Kroll, the claims agent working on the bankruptcy case for FTX, a once-prominent crypto exchange, has fallen victim to a cybersecurity breach. The breach, reported on Friday, has led to the compromise of non-sensitive customer data belonging to specific claimants.  While FTX asserts that its core operations remain unaffected, the incident has raised concerns about […]

The US Securities and Exchange Commission (SEC) has been known for its continued crackdown on the crypto industry over the last few years. This has prompted the likes of Cardano Founder, Charles Hoskinson, to give his opinion on the reason for the SEC’s actions.  SEC’s Move Against Crypto Is Political During an interview with Corey […]

As Binance continues to be surrounded by FUD, here’s what the CryptoQuant head thinks regarding the possibility of a bank run. Can Cryptocurrency Exchange Binance Go The Way Of FTX? In a new post on X (formerly Twitter), Julio Moreno, the Head of Research at the on-chain analytics firm CryptoQaunt, has talked about whether Binance […]

Dropbox has announced the discontinuation of its unlimited storage plan due to the increasing misuse of the service by users engaged in resource-intensive activities such as cryptocurrency mining.  With the surge in popularity of cryptocurrencies like Bitcoin and Ethereum, the demand for computational resources has led to an unintended consequence for services offering unlimited storage.  […]

In a recent Twitter thread, renowned XRP community lawyer Fred Rispoli shed light on the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Rispoli’s insights suggest that the much-anticipated trial between Ripple executives Brad Garlinghouse and Chris Larsen and the SEC might never see the light of day. Ripple And […]

In a few hours, the Bitcoin and financial community will be glued to their screens as Fed Chair Jerome Powell addresses the Jackson Hole symposium at 10:05 am EST. His remarks are anticipated to sway not just traditional markets like stocks and commodities, but also the volatile realms of Bitcoin and crypto. The backdrop for […]

Over the years, different modes of investments have emerged for digital assets such as Bitcoin in a bid to get the most returns. Mostly, investors have tried to ‘buy the bottom and sell the top’. However, Bitcoin’s performance has proven that there is no way to accurately predict the bottom and catch the top of […]

Despite the sharp contraction in the non-fungible token (NFT) market, CryptoPunks, Otherdeed, and Meebits owners are holding on to their assets. Data shared on August 23 shows that over 75% of major collections have not been traded, with an astounding 91% of all CryptoPunks not changing hands over the past eight months. Meanwhile, 89% and […]

Barely two weeks after going live on the Base network, Friend.tech has grabbed the attention of the cryptocurrency space. At the same time, the decentralized social media platform has gained interest from numerous maximal extractable value (MEV) bot deployers.  According to a new report, MEV bots have made over $2 million by sniping “keys” on […]

According to a recent report by Forbes, the US Drug Enforcement Agency (DEA) has inadvertently transferred $50,000 worth of seized cryptocurrency to a hacker, who has amassed hundreds of thousands in Ethereum (ETH) within a few months.  Earlier this year, the DEA seized approximately $500,000 in Tether, a stablecoin pegged 1:1 to the US dollar, […]

Prominent cryptocurrency exchange Binance has announced plans to halt its crypto debit card services in Latin America and the Middle East from September 21, 2023.  This development was revealed on August 24 in response to the exchange’s customer support to a client who enquired about issues regarding using the Binance card in the Republic of […]

In a recent development, bankrupt cryptocurrency exchange FTX has enlisted the services of US-based crypto firm Galaxy as an advisor to assist in hedging and selling its crypto holdings, as per court filings submitted on Wednesday. According to a Reuters report, the filing revealed that the primary objective of Bitcoin (BTC) and Ethereum (ETH) hedging […]