The city of Hong Kong is facing what is reportedly its “largest-ever fraud case” as the number of victims in the JPEX saga continues to rise, with local police making more arrests in connection with the case.  The JPEX Case According to a report by Hong Kong Free Press (HFRP), 2,086 persons have been identified […]

eToro has taken steps to solidify its position in the European market. The company recently announced it obtained the Crypto Asset Service Provider (CASP) registration from the Cyprus Securities and Exchange Commission (CySEC). Embracing The Future Of Crypto In Europe? As of September 21, eToro officially revealed their newly obtained CASP registration, signifying a new chapter […]

Data shows the Bitcoin correlation with the US dollar index and stock market indexes like S&P 500 and Nasdaq 100 have dropped low recently. Bitcoin Is Showing Little Correlation To Any Index Right Now In a new post on X, the market intelligence platform IntoTheBlock noted how the correlation of BTC with traditional assets has […]

XRP has defied all expectations of a bearish outlook to become the most traded altcoin on crypto exchanges in the United States. The cryptocurrency has overtaken prominent cryptocurrencies like Solana, Litecoin, and Shiba Inu, despite being blacklisted from major exchanges previously and struggling with regulatory challenges. XRP Dominates US Altcoin Trading Volumes Blockchain-based digital payment […]

Data shows a Chainlink whale has made a large withdrawal from Binance in the past day, a possible sign that buying may be happening. Chainlink Has Enjoyed A Sharp 11% Surge During The Past Week Chainlink has been among the best performers in the cryptocurrency sector during the last few days as the asset has […]

The fight against crypto-related money laundering continues as Singaporean Authorities probe suspected channels. According to a September 21 Bloomberg report, Singapore banks have extended ongoing money laundering investigations to clients of Chinese origin. Amid the probe, they have frozen and seized $1.8 million in crypto assets, cash, and properties since August. Singaporean Banks Heighten Scrutiny […]

Changpeng “CZ” Zhao, the CEO and founder of the world’s leading cryptocurrency exchange Binance, has responded to claims that he received a $250 million loan from BAM Management, a firm that operates as Binance.US’ holding company.  Binance CEO’s Response To $250 Million Loan Claims A report from Decrypt on September 19, 2023, following a court […]

A local report confirmed that Busan, the second most populous city in South Korea, plans to use the Ethereum and Cosmos for its project “Blockchain City.” The Asian city has been developing its blockchain capabilities for a while and plans to double down on its efforts. Related Reading: Bitcoin OG Probes Fusion Of BTC And […]

In a rebuttal to recent concerns raised by The Wall Street Journal (WSJ) on its lending practices, Tether has refuted claims regarding its USDT lending and reinforced its position on the overall safety and transparency of its operations. Tether, the most dominant stablecoin issuer, had previously indicated its intent to curtail stablecoin loans, aiming for […]

Bitcoin has fallen below the $27,000 support but even this has not eliminated the bullish signals that surround the cryptocurrency. With a good number of traders still choosing to bet against the price of the pioneer cryptocurrency, the odds that a price reversal is on the horizon have become higher. Bitcoin Shorters Take Center Stage […]

Charles Randell, the former chair of the UK’s Financial Conduct Authority (FCA), has stunned the financial world by revealing that the FCA experienced significant political pressure to embrace cryptocurrency firms.  During a recent conference hosted by the Prudential Regulation Authority, Randell disclosed this information, shedding light on a controversial aspect of the UK’s crypto landscape. […]

A crypto investor has lost $4.46 million worth of assets to a USDT Approval mining scam. According to a report from the blockchain security platform Scam Sniffer, this crypto scam occurred a minute after the investor withdrew 4.46 million USDT from the Kraken exchange.  Using data from Etherscan, Scam Sniffer also detected that the scammers targeted […]

The Bitcoin network is treading unprecedented territory, with block fullness experiencing the longest period of in history, according to the latest data by Dune. As of press time, over 461,000 transactions are queued up in the mempool, a situation that has stirred both intrigue and in-depth examination within the digital currency sphere. Glassnode’s chief researcher, […]

The Australian Securities and Investments Commission (ASIC) has initiated civil proceedings against Bit Trade, the provider of the Kraken cryptocurrency exchange in Australia, for disregarding design and distribution requirements for one of its trading products. ASIC Targets Margin Trading Product On Kraken According to an official statement published on September 21, 2023, the Australian Securities […]

Nobuaki Kobayashi, the Rehabilitation Trustee for the once-prominent Bitcoin exchange Mt. Gox, has announced an alteration to the previously set repayment deadlines for creditors. Originally slated for October 31, 2023, the  deadline of the Base Repayment, the Early Lump-Sum Repayment, and the Intermediate Repayment has been extended by a year, with repayments now expected to […]

In a significant development, a former executive of Deutsche Bank, one of Germany’s leading financial institutions, has been handed a 30-year prison sentence for his involvement in a crypto fraud scheme.  The US Department of Justice (DOJ) issued a press release detailing the case, highlighting the individual’s guilty plea and the nature of the fraudulent […]

Paul Brody, a Blockchain Lead at Ernest & Young, one of the top four global auditors, thinks private blockchains don’t stand if more protocols are built on public networks, especially Ethereum. Brody tweeted his opinion on the speeches at the Real World Summit. Brody believes that big banks building or exploring private chains like R3 Corda […]

A potential shift has recently been proposed within the Bitcoin Ordinals, a project spearheaded by its creator and primary coder, Casey Rodarmor. At the core of this proposal lies a pivotal component of the protocol: the inscription numbering system. Launched earlier this year in January, Bitcoin Ordinals are inscriptions (digital artifacts or non-fungible tokens) supported […]

Since June, XRP has been on an upward trajectory in terms of liquidity. This liquidity has continued to maintain high levels even after the euphoria of the Ripple victory over the US Securities and Exchange Commission (SEC) has worn off, which could be bullish for the XRP price. Liquidity Remains Very High A new report […]

Data shows the Bitcoin market sentiment has returned to neutral today for the first time in September. Bitcoin Fear & Greed Index Has Surged Into Neutral Territory The “fear and greed index” is an indicator that tells us about the general sentiment among investors in the Bitcoin and broader cryptocurrency market. This metric uses a […]