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1 year, 1 month ago
Cryptocurrency Market Struggles to Remain Afloat Amid Bearish Pressure
Bitcoin and Ethereum have been struggling to remain afloat in the cryptocurrency market as bearish pressure intensifies. Bitcoin has recently outperformed the stock market but is now retreating against the buying…
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1 year, 1 month agoCryptocurrency Project Stars Arena Suffers Major Security Breach, $2.9 Million Stolen
A major security breach has occurred in the Avalanche-based social app Stars Arena, resulting in the theft of nearly $2.9 million in AVAX tokens. The attack was announced by the team behind Stars Arena on Saturday,…
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1 year, 1 month agoBinance Launches UK Domain in Compliance with Financial Promotion Rules
Binance, the world’s largest exchange, has launched a new domain for United Kingdom users in compliance with the incoming financial promotions rules of the island nation. The new rules, announced by the UK’s Fin…
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1 year, 1 month agoACCERX Upgrades Security Protection System, Enhancing User Privacy and Data Protection
ACCERX, a leading cryptocurrency trading platform, recently announced a significant upgrade to its security protection system. This upgrade covers various aspects of technology, products, and services, and has been…
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1 year, 1 month agoSam Bankman-Fried on Trial: Alameda Research Allegedly Withdrew $8 Billion from FTX
Sam Bankman-Fried (SBF) is on trial for fraud, with Gary Wang, co-founder of FTX, providing testimony. Wang revealed that Alameda Research, an associated company of SBF, had a “large line of credit” and was abl…
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1 year, 1 month agoRipple Wins Prestigious Award After Court Rejects SEC's Motion
Ripple has won a prestigious award at the PAY360 Awards in the United Kingdom for having the “best use of digital currencies and assets in financial services”. The award comes days after the US district judge Ana…
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1 year, 1 month agoJPMorgan Report Confirms Ethereum's Centralization Risk After Transition to PoS
Ethereum (ETH) has recently launched two major upgrades, the Merge and the Shanghai Upgrade, to transition from Proof of Work to the Proof of Stake consensus mechanism and improve scalability, usability, and…
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1 year, 1 month agoSwiss Banks Embrace Cryptocurrency: ZugerKB Leads the Way
The Swiss banking sector is making headlines with the announcement of cryptocurrency services. The Lucerne Cantonal Bank (LUKB) made the first move by announcing a crypto offering for early 2024. This week, the…
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1 year, 1 month agoWall Street Giants Could Trigger 3,219% Bitcoin Price Surge in 5 Years: Analyst
The anonymous host of InvestAnswers has predicted that the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) could trigger massive inflows from Wall Street giants. According to the analyst, if seven Wall…
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1 year, 1 month agoXRP Could See 58x Surge, Comparable to Ethereum's Historic Performance
Crypto analyst EGRAG CRYPTO recently suggested that XRP could experience a 58x surge, similar to Ethereum’s historical performance. XRP is currently valued at $0.5215 and if it were to follow Ethereum’s tra…
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1 year, 1 month agoPayPal Moves Toward Blockchain Ecosystem with NFT Patent Filing, Mythos Chain Surpasses Polygon and Solana in NFT Trading Volume
Yuga Labs has announced a restructuring that has seen several roles “eliminated across the company”. CEO Daniel Alegre suggested the firm had taken on too many projects that were ultimately distracting it from its…
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1 year, 1 month agoSBF Trial: Emotional Toll on Parents, Financial Blow to FTX, and Uncertain Outcome
The highly anticipated trial of disgraced FTX founder Sam Bankman-Fried (SBF) has not gone well for the former billionaire. The U.S. Department of Justice (DOJ) is leading the prosecution, portraying Bankman-Fried…
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1 year, 1 month agoDOJ Accuses SBF of Misleading Investors: Bankman-Fried Trial Begins with Defense Denial of Secret Transactions
The Sam Bankman-Fried trial began on October 4th, with the United States Department of Justice (DOJ) and the former FTX CEO’s defense presenting their arguments to the 12-person jury. The DOJ accused B…
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1 year, 1 month agoAlameda Research Granted Special Privileges at FTX Exchange: Gary Wang Testifies
Gary Wang, co-founder of FTX, revealed more details of Alameda Research’s corrupt relationship with his exchange during Sam Bankman-Fried’s fraud trial on Friday. Wang claimed that the function required for Ala…
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1 year, 1 month agoTron Surpasses Ethereum and Bitcoin in Daily Active Addresses
Tron, a platform for deploying smart contracts and running decentralized applications (dapps), is rapidly growing its daily active addresses (DAA). According to Token Terminal, Tron has over 1.9 million DAA, more…
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1 year, 1 month agoKraken Acquires Dutch Crypto Broker BCM to Expand European Footprint
Kraken, a prominent virtual currency exchange network, has declared its intention to acquire Coin Meester B.V. (BCM), a respected crypto broker based in the Netherlands. This strategic acquisition aims to cement…
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1 year, 1 month agoFriend.tech Generates More Fees than Bitcoin, Despite SIM-Swap Attacks
Friend.tech, a decentralized social media platform built on the Base, the Ethereum layer-2 scaling solution backed by Coinbase, has generated more fees and revenue than Bitcoin. This transactional platform allows…
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1 year, 1 month agoMillions of Dollars Worth of SOL Unstaked Amid SBF Trial
Solana Compass recently provided insights into the latest Solana (SOL) network activity during its 512 epoch. An estimated 19.637 million SOL tokens were unstaked, valued at approximately $449 million. After…
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1 year, 1 month agoCanadian Crypto Exchanges Face New Stablecoin Trading Rules
The Canadian Securities Administrators (CSA) has provided guidance to the trading of stablecoins on crypto exchanges in the country. The update comes months after major exchanges, including Binance, halted…
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1 year, 1 month agoSam Bankman-Fried Trial: Cryptocurrencies Take Center Stage in FTX Collapse Case
Sam Bankman-Fried, the founder of FTX, is currently on trial in a New York district court. Federal prosecutors have accused him of financial misconduct and misappropriation, while the defense argues that external…
