In a recent development, crypto exchange Gemini has filed a lawsuit against the crypto platform Genesis Global about the ownership of shares in the Grayscale Bitcoin Trust (GBTC).  Per the lawsuit, the exchange is seeking a determination from a federal judge to establish that Genesis has no right to over 60 million GBTC shares pledged […]

According to a recent report from Web3 market strategy consulting firm DeSpread report, the Korean crypto space will be populated by roughly 6 million investors, comprising more than 10% of the entire population. Centralized Exchanges (CEX) appear to be the choice for most of these enthusiasts, according to the report. This massive influx of investors […]

Unfortunately, rug pulls have become synonymous with the crypto market as scammers see it as an opportunity to make quick cash. One such rug pulls has hit the Nigerian crypto X (formerly Twitter) community, where what is assumed to be one of the most trusted influencers rug-pulled a project that raised $300,000 in its presale. […]

Amid the ongoing global crackdown on financial crimes and terrorism funding, the US government recently highlighted concerns regarding the alleged inadequate efforts of some companies operating in the crypto asset space. The US government particularly points to the potential role of digital assets in facilitating illicit financial transactions, urging companies to take proactive steps in […]

Dogecoin (DOGE) is riding the bullish wave once again, experiencing a substantial rally with double-digit gains. Notably, selected tokens such as Pepe Coin and Floki Inu have also joined the meme coin rally, surging by double digits within a week.  Market analysts and enthusiasts are attributing this surge to the ongoing excitement surrounding exchange-traded funds […]

Former FTX CEO Sam Bankman-Fried has finally testified in court as his legal team begins to construct a defense against charges of two counts of fraud and five counts of conspiracy. It would seem the 31-year-old former billionaire is now taking a different tactic in his latest attempt to wiggle out of the fraud charges.  […]

A cryptocurrency seizure bill to combat economic crime in the UK is in the pipeline, in a resounding move towards tackling a wide range of illicit activities. UK lawmakers have now given their approval to the Economic Crime and Corporate Transparency Bill.  This legislation, while encompassing a spectrum of illegal acts including drug trafficking, cybercrime, […]

Amid the ongoing global crypto regulatory revolution, Taiwan has proposed a special law to regulate digital assets. The proposed law will require all cryptocurrency platforms in Taiwan to apply for a license.  According to the official announcement, the draft of the Crypto Act had its first reading today, October 27, at Taiwan’s parliament, the Legislative […]

A crypto analyst has revealed data depicting the Bitcoin price reaching new highs in several countries experiencing high inflationary pressures.  Bitcoin Skyrockets In Countries With Inflationary Currencies According to Crypto Analyst and DeFi enthusiast, Miles Deutscher, the price of Bitcoin has reached new all-time highs in multiple countries including Turkey, Argentina, and Nigeria.  Related Reading: […]

Amidst the elongated legal battle between the United States Securities and Exchange Commission (SEC) and Ripple, pro-XRP Legal Expert James K. Filan has revealed the next important date in the case that will determine the next phase of the legal battle. New Date To Determine The Next Phase The pro-XRP legal expert recently notified the […]

FTX founder Sam Bankman-Fried (SBF) testified on October 26 as expected. His testimony provided a glimpse of what line of argument is to be expected from the defense as the case progresses. As Bankman-Fried’s lawyers questioned him, they emphasized on a particular document that could be the key to exonerating the defendant.  Why This FTX […]

Proof-of-Stake (PoS) assets have recently faced a notable shift. According to a report, the market capitalization of PoS assets took some kind of beating, dropping by 7% in the third quarter of the year, with the total value shrinking to $254 billion. This decline has raised questions about the performance and future prospects of PoS […]

The Shiba Inu community was buzzing recently, seeking clarity on the burning process of SHIB tokens on Shibarium, the project’s layer-2 (L2) blockchain network. Addressing these concerns, Shiba Inu’s marketing lead, Lucie, broke down the mechanics of the process in a detailed statement on X (formerly Twitter) that shed light on the complexities involved. SHIB […]

Addresses related to FTX, the bankrupt crypto exchange, and Alameda Research, the trading wing associated with the exchange, have cumulatively transferred $13.35 million of assets to Binance, a crypto exchange via Wintermute Trading, over the last 24 hours.  Related Reading: Linqto’s Ray Fuentes Reveals The Factors That Could Drive A Ripple IPO In 2024 FTX […]

Solana (SOL) Labs has recently unveiled its Incubator program. According to a recent announcement, the initiative aims to foster and support the development of startups building on the Solana network.  The program offers a range of resources and assistance to early-stage companies, including engineering support, go-to-market guidance, fundraising advice, and access to Solana’s ecosystem. Incubator […]

Like many other crypto companies, Ripple has important dates and events that carry the possibility of triggering a bullish momentum for the XRP token. This is why some dates are more important than others and the most recent of these to emerge is the November 8-9 dates. What Is Ripple Doing On November 8-9? In […]

In South Korea, XRP, the native currency of the XRP Ledger (XRPL), is king, not Bitcoin (BTC). According to Kaiko’s research, trading is concentrated chiefly on XRP, which stays ahead of Bitcoin, Ethereum (ETH0, Solana (SOL), and other altcoins, including Dogecoin (DOGE) and Bitcoin Cash (BCH). This data is based on information drawn from Upbit, one […]