At least two major crypto exchanges, ByBit and OKX, have followed Binance in excluding Russian banks under international financial sanctions from their payment options. Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on these exchanges. According to Russian media, local users can no longer receive fiat money in exchange […]
Ripple’s XRP token has been the subject of much debate in the crypto space, with the U.S. Securities and Exchange Commission (SEC) taking a stance against the token. However, a 2018 internal memo from the SEC’s enforcement lawyers did not label XRP as a security, which could be a game-changer for Ripple’s legal battle.Despite the […]
Vitalik Buterin, the co-founder of Ethereum, recently transferred 3,000 ETH, worth approximately $4.9 million, to a Vb 2 labeled address. According to Etherscan, the transaction took place on Aug. 28 and brought the total value of ETH held in the wallet to just under $5 million. Following the transaction, Ethereum’s price remained steady at $1,640 […]
The state-owned electricity distribution company Électricité du Laos (EDL) has announced that it will suspend electricity supply to crypto mining operations in the country due to the struggle to generate enough power amid drought conditions. The extreme heat has caused hydropower plants to generate 95% of the country’s power, and the EDL aims to supply […]
OnlyFans, a subscription service for adult content, recently revealed that it had invested a portion of its working capital into Ethereum (ETH). As of November 30, 2022, the company had purchased $19,889 million worth of ETH, which recorded an impairment loss of $8,455 million, leaving a carrying amount of $11,434 million.The company’s revenues exceeded $1 […]
Indian Prime Minister Narendra Modi has called for a global collaboration on formulating crypto regulations during the Group of 20 (G20) summit. India, which currently holds the G20 Presidency, has taken up the task of advocating for a comprehensive global framework for regulating cryptocurrencies. During an interview with a local daily, Modi talked about the […]
This week promises to be a transformative one for the Bitcoin and crypto landscape. The SEC is set to announce its decision on the Bitcoin spot ETF filings by six heavyweight companies, with Bitwise getting its verdict on September 1 and the others on September 2. Investors are also awaiting the outcome of the Grayscale […]
Spurdo, a recently launched memecoin, has experienced a remarkable price surge, reaching a market capitalization of approximately $2.9 million. Despite lacking substantial information, a roadmap, or a clear purpose, the project has managed to attract a sizable audience. This has led to speculation that a bull market might be on the horizon.The project has seen […]
XRP Ledger (XRPL) is set to host the DeLux Network, a billion-dollar metaverse project. The team behind the project has made progress by sealing partnerships with projects based on the XRPL, such as Lux Lions, Aftermath Islands, and Primo Gardens Inc. On September 1, 2023, the Token’s Initial DEX Offering (IDO) will commence and will […]
An early investor of the meme-inspired crypto PEPE has sent shockwaves across the market with a stunning demonstration of crypto trading skills. When the market was at its highest, the investor sold the last one trillion tokens for a staggering 537 ETH, realizing a gain of 54,725x.The price of PEPE plunged by about 20% after […]
