As the trial of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX, got underway, the testimony of witnesses shed light on a report by The Wall Street Journal.  The report revealed that the company’s employees had uncovered a secret link between the exchange and an affiliated trading firm, raising concerns about potential fraudulent […]

The US Securities and Exchange Commission (SEC) has taken legal action against Elon Musk, the billionaire entrepreneur and Dogecoin supporter, seeking to compel his testimony regarding the acquisition of Twitter.  SEC Fires Legal Salvo At Elon Musk Attorneys representing the SEC alleged that Musk failed to appear for a scheduled testimony on September 15, violating […]

In an in-depth analysis shared on X (formerly Twitter), Bitcoin expert Dylan LeClair has pulled back the curtain on a purported “web of deception” attributed to Justin Sun, Tron’s founder. LeClair’s detailed examination touches on several nuanced movements within the crypto-sphere, and the findings present potentially alarming implications for the broader ecosystem. Bitcoin Pundit Raises […]

The tokenized assets industry is already ramping up with a number of crypto emerging that are taking advantage of the rising interest. Forecasts for this industry have been more than encouraging with multiple studies showing it will be a trillion-dollar industry. Given this, there are certain cryptos that are well-positioned to profit immensely from this […]

Arthur Hayes, the co-founder of BitMEX, has offered a bold prediction for the future of Bitcoin, asserting that the Federal Reserve’s potential return to money printing could send the leading cryptocurrency on a soaring trajectory.  Hayes’ insights delve into the intricacies of the bond market, highlighting a disconcerting trend that he believes may force the […]

On-chain data shows Ethereum has observed a large exchange outflow recently, a sign that buying may be going on in the market. Ethereum Exchange Supply Hits Lowest In 5.5 Years After $181 Million Outflow According to data from the on-chain analytics firm Santiment, ETH has just witnessed its largest exchange outflow day since August 21st. […]

Hong Kong’s Securities and Futures Commission (SFC) has allied with the Police to establish a group to monitor and investigate crypto exchange-related crimes. This development comes amid scandals involving the Dubai-based JPEX exchange, a leading Hong Kong crypto industry player. The SFC revealed its latest move in an October 4 announcement, noting that it formed […]

A team member behind the Shiba Inu-based ecosystem and layer two protocol, Shibarium, posted a warning on his official X handle. The layer two protocol has been gaining popularity despite the decline in prices across the crypto market, but investors should keep a few things in mind, this team member said. Related Reading: Crypto Market […]

Altcoins have been thrust into a whirlwind of uncertainty as Bitcoin’s price tries to cling on to its $27k handle. The sudden reversal of the alpha crypto’s fortunes, retreating more than 5% in the last 24 hours, has caught many overzealous traders off guard. As a result, a flurry of liquidations totaling nearly $73 million […]

On October 3, Judge Analisa Torres denied the US Securities and Commission’s (SEC) motion for an interlocutory appeal in its ongoing legal battle against Ripple. As part of her order, she raised the possibility of a settlement between both parties before the case goes to trial on April 23, 2024. Ripple And SEC Could Settle […]

Crypto and blockchain technology research and development take a significant leap forward with Project Atlas, a collaborative initiative involving the Bank of International Settlements (BIS) and central banks within the Eurosystem. In partnership with De Nederlandsche Bank and the Deutsche Bundesbank, the BIS Innovation Hub Eurosystem Centre has embarked on a proof-of-concept (PoC) project aimed […]

The Bitcoin peer-to-peer (p2p) network is poised for a significant security upgrade with the upcoming integration of Bitcoin Improvement Proposal (BIP) 324, a proposal that has gained traction within the community for its potential to thwart certain types of cyber attacks. BIP324 has been merged and will be integrated into the upcoming release of Bitcoin […]

Both parties in the ongoing trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried, gave their opening arguments on October 4 as part of the Day 2 proceedings. During this stage, the Prosecution made certain accusations, which SBF’s primary counsel, Mark Cohen, subsequently addressed in the defense’s opening argument.  Prosecution Accuses […]

Ripple has clinched two prestigious awards at Juniper Research’s Future Digital Awards for Fintech & Payments 2023. Juniper Research revealed yesterday, on October 3, that the fintech company has been honored with the “Sustainability in Fintech Innovation of the Year”  and the “CBDC Innovation” award. Ripple Impresses With Its CDBC Initiatives The “Sustainability in Fintech […]

A user on X, arixon.eth, alleges that over 90% of Solana validators are subsidized heavily by the Solana Foundation and Alameda Research, the defunct trading wing associated with the bankrupt cryptocurrency exchange FTX. In a post on October 4, the analyst said the level of subsidy is “shocking” but will come to “harm SOL prices in […]

Former managing directors at BlackRock, the world’s largest asset manager, have weighed in on the approval of a spot Bitcoin exchange-traded fund (ETF) in the US, suggesting that the process is now more a question of ‘when’ rather than ‘if.’ During a panel discussion on ETFs at CCData’s Digital Asset Summit in London, former BlackRock […]

In a tweet on October 4, Sandeep Nailwail, the co-founder of Polygon, revealed that POL Contracts have been deployed on the Goerli testnet, describing the release as a significant “step on their journey of creating Polygon 2.0.” The deployment of these smart contracts also saw the release of two Polygon Improvement Proposals (PIPs), PIP-24 and PIP-25.  […]

On the second day of the trial involving FTX co-founder Sam Bankman-Fried, Ryan Salame, a prominent FTX executive who played a crucial role in the exchange’s political fundraising operations, appeared at the federal courthouse.  FTX Executive In The Spotlight Salame, the co-CEO of FTX Digital Markets in the Bahamas, pleaded guilty to conspiracy charges related […]

Data from Glassnode shows the demand for Lido Staked Ethereum (stETH) has observed a sharp 142% growth since May 2022. Demand For stETH Has Far Surpassed That Of Ethereum Since LUNA Collapse Since the arrival of proof-of-stake (PoS) on the Ethereum blockchain, liquid staking projects have cropped up, which let users stake their ETH through […]

Per a Reuters report, the US Securities and Exchange Commission (SEC) has urged a federal judge to reject Coinbase’s motion to dismiss the regulator’s lawsuit against the prominent cryptocurrency exchange.  The SEC’s action disputes Coinbase’s reliance on a recent court ruling involving Ripple Labs, emphasizing a subsequent ruling in the Terraform Labs case that differs […]

With multiple XRP price predictions flying around, it may actually be time to start buying. Although these XRP predictions aren’t foolproof, historical data has shown the best time to start buying XRP in order to catch the most profitable time of year for the altcoin. The Most Profitable Quarter For XRP Price Looking through the […]