In a significant development for the crypto industry, the Japanese government has recently announced a noteworthy relaxation of regulations about startup funding. This development explicitly allows startups to accept digital assets as an alternative to traditional stocks. According to a Japanese media outlet report, this regulatory shift aims to foster a more supportive and inclusive […]

Rashawn Russell, a former investment banker at Deutsche Bank, is reportedly preparing to change his plea to guilty in a cryptocurrency fraud case.  The 27-year-old from Brooklyn, who initially denied defrauding investors, is accused of soliciting investments from friends and colleagues and misusing the funds for personal expenses, including gambling.  According to a Bloomberg report, […]

Here’s what data says regarding how correlated Dogecoin, Shiba Inu, and other altcoins have been to Bitcoin during the past month. The Correlation Matrix Between Various Assets And Bitcoin In a new post on X, the market intelligence platform IntoTheBlock has looked into the correlation between Bitcoin and the different top coins in the digital […]

Amid the troubles crypto exchanges are facing in 2023, another centralized crypto exchange “Remitano” has fallen victim to a hack, losing close to $2.7 million worth of digital currencies on Thursday, September 14, 2023. Tether’s Intervention Prevented Further Loses The alleged hack of the Seychelles-based centralized exchange occurred at approximately 12:45 PM on Thursday when […]

Chainlink (LINK) enthusiasts have reason to be optimistic as prominent trader Altcoin Sherpa, with a substantial following of 196,300 on the social media platform X, hints at a potential breakout for the cryptocurrency. LINK has been consolidating within a defined trading range since May 2022, with its upper boundary at $9.33 and its lower limit […]

Australia and New Zealand Banking Group ANZ is close to releasing its Australian dollar-pegged stablecoin, A$DC, following a successful test transaction on Chainlink.  In a statement, ANZ’s banking service portfolio lead, Nigel Dobson, said they see high potential in tokenizing real-world assets (RWA) like the Australian dollar on-chain. According to Dobson, the stablecoin’s test transaction on […]

In an escalating battle between the U.S. Securities and Exchange Commission (SEC) and Binance, the regulatory agency has sharply criticized the cryptocurrency exchange for its alleged non-cooperation in a recent investigation. Binance, one of the world’s largest crypto trading platforms, stands accused by the SEC of showing a “lack of transparency.” The SEC’s court filing […]

Bitcoin miners have ushered in a new era of sustainability, according to a crypto analyst, who recently revealed that more than half of the energy powering crypto mining operations now originates from renewable sources. Bloomberg analyst Jamie Coutts, a leading authority in the cryptocurrency field, attributes this significant shift to “falling emissions plus a dramatically […]

The US SEC has been denying Bitcoin ETFs without good reason and targeting crypto tokens, NFTs, and the celebrities around every turn. Yet, they’ve seemingly turned a blind eye to the hundreds of rug pulls that have occurred right under their noses. These scams remain prolific in crypto, while the SEC prevents safe investment guardrails […]

Amid the intensifying regulatory scrutiny of the crypto industry, regulators have turned their attention toward decentralized finance (DeFi) protocols, accusing several of them of operating without viable licenses. Following this, Coinbase CEO, Brain Armstrong has taken a stand encouraging the projects to take proper legal action against regulators  Coinbase CEO Champions Legal Resistance On Wednesday, […]

“Black Swan” author Nassim Nicholas Taleb unleashed a barrage of criticism directed at Bitcoin, particularly targeting its commonly touted advantage: a finite supply of 21 million coins. Taleb’s comments have created a stir within the cryptocurrency community and prompted a closer examination of Bitcoin’s intrinsic value. On the social media platform X, Taleb minced no […]

The former CEO of defunct crypto exchange FTX Sam Bankman-Fried’s (SBF) trial is set to begin in October, barring any postponement. Ahead of the trial, here are some key details to note as SBF faces up to 100 years imprisonment if found guilty by the jury.  Charges Leveled Against FTX’s Founder The US Department of […]

In a resolution to one of the most talked-about blunders in recent history, F2Pool, a prominent Bitcoin mining pool, has opted to return the inadvertently overpaid network fee of 19.82108632 BTC to Paxos, the stablecoin issuer and crypto brokerage firm. The disclosure came a few ago from a tweet by Mempool, a Bitcoin explorer, stating, […]

A prominent member of the XRP community and blockchain analyst, Crypto Eri, has weighed in on why, contrary to some public opinions, Ripple cannot control its native token XRP’s price.  XRP “Decentralized” Nature Makes Price Set Impossible In a tweet shared on her X (formerly Twitter) platform, Crypto Eri stated, “Decentralized crypto-assets like XRP cannot […]

In a strategic move to solidify its position in the crypto industry, Ripple has announced a comprehensive expansion of its Liquidity Hub. This expansion underscores Ripple’s dedication to enhancing user experience, diversifying its asset offerings, and broadening its global presence. Here’s What’s New At Liquidity Hub Ripple’s Liquidity Hub, known for its user-centric approach, is […]

Prominent crypto exchange Bybit has denied reports stating the company’s intention to exit the United Kingdom ahead of the nation’s new financial rules expected to go into effect from October 8th, 2023.  Bybit Intends To Stay In The UK For The Long Term Earlier Wednesday, various media sites reported that Bybit found the new UK […]

Per a report from The Block, Genesis, a prominent digital asset financial firm, has announced the discontinuation of crypto derivatives trading through its subsidiary GGC International (GGCI). The company conveyed this decision to its clients in an email on Wednesday.   Genesis Continues To Scale Back Services According to the report, The company clarified that this […]

On-chain data shows the Ethereum daily active addresses indicator has recently registered its second-highest spike. Ethereum Daily Active Addresses Has Observed A Sharp Spike Recently According to data from the on-chain analytics firm Santiment, the active addresses metric only achieved a higher value in December 2022. The “daily active addresses” indicator measures the daily total […]

Bitcoin has once again flashed another particularly deadly formation that often sends its price into a downward spiral. This time around, a death cross that has not been seen in the digital asset for more than one year has appeared again. This report takes a look at what happened the last time that this particular […]

The former CEO of the defunct Bitcoin exchange Mt. Gox, Mark Karpelès, has drawn an analogy between his case and that of FTX’s former CEO Sam Bankman-Fried (SBF) following the latter’s persistent request to be released in order to prepare his defense for his upcoming trial in October adequately.  Only A Calculator To Work With […]