A newly released report by the World Federation of Exchanges (WFE) sheds light on the current composition of crypto trading platforms, highlighting that 40% are decentralized. Notably, the findings from the report mainly reveal a glimpse into the dynamics between centralized and decentralized trading platforms and the overarching behavior of retail and institutional investors. Related […]

Ripple’s ongoing legal battle against the US Securities and Exchange Commission (SEC) is known to have had some negative effects on the company. And now, Ripple’s Chief Technology Officer (CTO) David Schwartz has given an insight into how much the lawsuit has affected the company. SEC’s Lawsuit Made Ripple Lose Stablecoin Deal Schwartz revealed during […]

Tether, the company behind the prominent stablecoin USDT, holds $72.5 billion worth of US Treasury bills (T-bill). This development was revealed initially in the company’s assurance report for Q2 2023. However, Tether’s Chief Technology Officer, Paolo Ardoino, on September 5, emphasized this fact on social media platform X.  Related Reading: Tether Teams Up With Private […]

Consistent with the volatile nature of the cryptocurrency market, the Bitcoin (BTC) price has been experiencing a string of fluctuations in the past few weeks. Despite the renewed optimism, thanks to Grayscale’s recent victory against the United States Securities and Exchange Commission (SEC), the price of the premier cryptocurrency has failed to stay above the […]

On Monday, August 4, 2023, one of the world’s leading crypto casinos Stake, owned by Australian Billionaire Ed Craven, reportedly experienced a massive $41 million hack across several blockchains. Stake’s Alleged $41 Million Hack The platform which allows users to deposit, bet on sports games, and play games with cryptocurrencies, experienced several unusual transactions which […]

Data shows the Bitcoin mining hashrate has already rebounded from its latest plunge, suggesting that miners haven’t given up hope just yet. Bitcoin Mining Hashrate Has Surged Back Towards High Levels The “mining hashrate” refers to the total amount of computing power that the miners have attached to the Bitcoin blockchain. This metric can tell […]

Global crypto governance, despite India’s nine-month presidency within the Group of 20 (G20), has shown limited progress, according to Subhash Chandra Garg, India’s former finance secretary.  India took on its G20 presidency in December 2022 and is set to hand over the leadership to Brazil in November this year. Throughout this period, Indian officials, including […]

Despite a large following, there seems to be much unknown about the foremost meme coin, Dogecoin. In a bid to get the crypto community more acquainted with Dogecoin’s history, Litecoin maximalist Shan Belew has moved to inform the community about this historical event that saved the meme coin.  How Litecoin Saved Dogecoin Belew tweeted that […]

In a recent Twitter exchange, David Schwartz, the Chief Technical Officer (CTO) of Ripple, weighed in on the ongoing discussions surrounding the XRP Ledger (XRPL) fork Xahau. The discourse was ignited by Saul, a prominent figure in the XRP community, who drew an analogy between XRPL and Nokia, suggesting that Xahau might play the role […]

Per an official announcement, payment giant VISA expanded its stablecoin settlement services to the Solana blockchain. The program is currently in a pilot and testing phase but looks to improve upon the capabilities of the legacy payment rails. Related Reading: Solana Co-Founder Pushes For SOL Token Redistribution From FTX To Bankrupt Exchange’s Users VISA Doubles […]

An Australian cryptocurrency exchange, Swyftx, which boasts 660,000 customers, aims to launch an educational initiative. According to the firm, the reason was due to the increased demand for crypto education during the bear market.  The cryptocurrency exchange Swyftx is introducing an “Earn and Learn” crypto education platform. This platform aims to incentivize users by offering […]

Bitcoin, the world’s leading crypto, has been spared from a recent negative occurrence that gripped the digital currency market. Crypto outflows took a breather last week, providing a glimmer of hope for an industry grappling with prolonged negative sentiment. According to recent data, digital-asset investment products saw $11.2 million flow out of the market, marking […]

Following the Ripple partial victory over the SEC back in early July, the XRP price grew rapidly and climbed double-digits to secure a new yearly high. However, this has turned out to be short-lived as less than two months later, the cryptocurrency has once again succumbed to the bears. This has wiped out its gains […]

Andrew Tate, the controversial social media influencer known for his outspoken views, has turned his attention to the financial world, speculating on the likelihood of the Securities and Exchange Commission approving a Bitcoin exchange-traded fund (ETF).  The SEC’s decision regarding this Bitcoin ETF has been eagerly awaited by both crypto enthusiasts and traditional investors. Related […]

Polygon (MATIC) has once again landed a big name. Casio Computer Co., Ltd. has unveiled its plans to launch the virtual G-SHOCK project, an interactive user community aimed at bridging the gap between the iconic G-SHOCK line of shock-resistant watches and its global user base. This initiative will see the distribution of 15,000 limited-edition G-SHOCK […]

Shytoshi Kusama, the lead developer of the Shiba Inu project, has confirmed the development of a “Burn Portal” for the Shibarium protocol. This announcement comes as the protocol continues to gain traction, following its successful relaunch after an initial setback in mid-August. Lucie, a renowned SHIB influencer, shared a screenshot where Kusama confirmed the development […]

Binance, one of the world’s largest cryptocurrency exchanges, continues to experience a wave of executive departures as it grapples with regulatory challenges and legal scrutiny in the United States and Europe.  According to a Reuters report, the recent resignation of Mayur Kamat, Binance’s global head of product, adds to the growing list of critical figures […]

A recent development has stirred discussion among legislators, crypto enthusiasts, and industry stakeholders in Australia. The nation’s Senate, via its Economic Legislation Committee, has shown resistance against a Bill aiming to regulate the cryptocurrency trading platforms operating within its borders. InnovationAus.com, an organization researching public policy and business innovation, has shed light on this standoff. […]

Billionaire Elon Musk has never been shy about his love for Dogecoin. His continued support expressed through the X (formerly Twitter) platform was largely behind the meme coin’s impressive growth spurt back in 2021, causing it to surge over 26,000%. But it seems the billionaire’s involvement in the altcoin goes even deeper than expressing support […]

Stake, an Australian crypto casino renowned for the integration of crypto assets into gambling, has fallen victim to a recent alleged exploit.  On-chain analysis firm Cyvers revealed that a jaw-dropping $16 million was siphoned off from the Ethereum network due to a “private key leak.”  The suspicious nature of the transfers, involving the swap of […]