The United States Department of Justice (DOJ) has asked for all expert witnesses of Sam Bankman-Fried (SBF), the former CEO and co-founder of the now-defunct FTX exchange, to be prevented from testifying in his upcoming trial, which is set to commence on the 3rd of October, 2023. DOJ Seeks To Bar Seven Expert Witnesses From […]

BJ Investments Holdings, the cryptocurrency firm behind the crypto influencer brand BitBoy, has ended its partnership with Youtuber Ben Armstrong, surprising many in the crypto community.  This sudden split comes after hints of behind-the-scenes issues. The company and Armstrong announced the breakup independently.  Ben Armstrong No Longer Available At BitBoy As A Host The dissolution […]

Recent events have shown the US SEC might be going after non-fungible tokens (NFTs). In a recent press release, the SEC charged Los Angeles-based media and entertainment company Impact Theory LLC for unregistered securities in the form of NFTs.  SEC Goes After Impact Theory NFTs Impact Theory was one of many entertainment firms that launched […]

Raoul Pal, the former Goldman Sachs executive and astute CEO of Real Vision, has voiced a compelling argument for the profound impact of blockchain technology on the world of finance. He emphasizes how blockchain introduces an element of scarcity to assets that could otherwise be subject to limitless inflation.  Pal, a seasoned macro investor, expounded […]

While battling regulatory scrutiny in the US and facing lawsuits from the US SEC, Binance runs into another potential hurdle and struggles with accusations that may see the crypto exchange permanently withdrawing all operations in Russia.  Binance Contemplates Leaving Russian Markets For Good Binance, the company that operates the largest cryptocurrency exchange by trading volume, […]

On-chain data shows the Bitcoin transaction volume has plunged to a 3-year low, a sign that may not be positive for the cryptocurrency. Bitcoin Transaction Volume Has Continued To Be Low Recently According to data from the on-chain analytics firm Santiment, the BTC transaction volume has seen a decline of 90% since the peak in […]

Per a document filed with the US District of Columbia Circuit, asset manager Grayscale was granted its petition for review of their Bitcoin Trust. The Circuit’s Judge Rao approved the asset manager’s petition to transform their financial product into a Bitcoin Exchange Traded Funds. Related Reading: Ripple vs SEC Lawsuit: Community Pushes Back On Claim […]

Despite its ongoing legal battle with the US Securities and Exchange Commission (SEC), Ripple and its community have continued to build and advance the XRP Ledger. As part of its efforts, the rippled version 1.12 is set to be released, with XRP holders having the opportunity to make passive income from this update.  An AMM […]

Bitcoin mining, once a lucrative venture for cryptocurrency enthusiasts and institutional players alike, is now grappling with a significant challenge as negative earnings continue to plague the industry.  Data sourced by Finbold from CompaniesMarketCap reveals a staggering accumulation of over $4.47 billion in losses among the 16 publicly traded Bitcoin mining companies over the past […]

The XRP community has picked up on an argument by the US Securities and Exchange Commission (SEC) in its long-running legal battle against Ripple Labs that its native token has no value. For one, they believe the regulator is trying to smear the token’s reputation with this argument. Is SEC Trying to Malign XRP? Pro-XRP […]

Balancer, a prominent decentralized finance (DeFi) liquidity protocol, finds itself in the spotlight following an alarming exploit driven by a critical vulnerability discovered in its v2 pools just last week. The incident has sent shockwaves throughout the DeFi community, shedding light on the persistent challenges faced by platforms operating in this rapidly evolving landscape. The […]

In a recent update from the Shiba Inu project’s lead developer, Shytoshi Kusama, the future trajectory of Shibarium, the layer-2 blockchain, has been outlined. With the much-anticipated launch of Shibarium behind them, Kusama has shared details about the upcoming developments, including the launch of the Wrapped BONE (WBONE) token, smart contract verification, and the migration […]

In a recent revelation, Wrathof Kahmeman, a prominent figure in the XRP community, highlighted an intriguing development concerning Ripple Labs’s UBRI initiative on Twitter. He shared, “Interesting resume from the University of Waterloo touting recent CBDC research based on the XRPL. Notes they prototyped a banking interface to be presented at UBRI Connect 2023! Lots […]

On August 28, a crypto wallet associated with 1inch Investment Fund, “0x225d3822de44e58ee935440e0c0b829c4232086e”, bought 6,088 Ether (ETH) at $1,655 spending $10 million on the trade, data from Lookonchain, a blockchain analysis platform, shows. The fund is linked with 1inch Network, the decentralized exchange (DEX) aggregating protocol that is also one of the largest platforms by total value […]

Leading Republican House Financial Services Committee members have voiced deep concerns over recent actions taken by the Federal Reserve Board (Fed) that they believe undermine the progress made by Congress in establishing a regulatory framework for payment stablecoin.  In a letter addressed to Fed Chairman Jerome Powell, Representative Patrick McHenry, Representative French Hill, and Representative […]

The crypto space is abuzz with renewed interest as prominent pro-XRP lawyer and enthusiast, John E. Deaton revealed the existence of an undisclosed XRP memo from years ago.  Long-Hidden SEC Memo Unveiled To The Public On August 27, lawyer and digital analyst, Bill Morgan replied to a comment made by a fellow X user, Sandy […]

Data shows the Bitcoin mining hashrate has remained at high levels recently, despite the hashprice observing a deep plunge. Bitcoin Hashrate Has Continued To Be Near All-Time Highs Recently The “mining hashrate” refers to the total computing power currently connected to the Bitcoin blockchain. The metric is measured in terms of hashes per second, where […]

The principles that allow the creation of crypto are similar to those that proclaim the need to protect people’s privacy. In the US, several developments suggest this privacy could be in danger, as it is the nascent industry that could provide an alternative to the current financial system. Related Reading: BREAKING: Tornado Cash Co-Founder Becomes […]