Litecoin (LTC) is enjoying a wave of bullish sentiment as the crypto community embraces Uptober. At the start of the month, the digital asset surged to reach $70, the first time since mid-August. This performance has mirrored that of Bitcoin (BTC), which initially surged to climb above $28,000. At the time of press, LTC is […]
Google is reportedly considering investing up to $2 billion in artificial intelligence firm Anthropic, which could potentially increase its valuation to between $20 billion and $30 billion. FTX and Alameda Research invested a combined $500 million in Anthropic before FTX declared bankruptcy last year. If Anthropic’s valuation increases, FTX’s stake in the company could surge […]
Nansen, a blockchain analytics firm, has released a report that sheds light on the days leading up to the collapse of FTX, a cryptocurrency exchange founded by Sam Bankman-Fried. The report reveals that the collapse was likely sparked by initial reports that flagged the significant, 40 percent share of Alameda Research’s $14.6 billion in assets […]
The Open Network (TON), a decentralized blockchain platform originally designed by Telegram, has secured major funding from the venture arm of the cryptocurrency exchange MEXC. TON has raised an eight-figure investment from MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, and the two have entered into a strategic partnership aiming to promote global […]
Ripple, a blockchain startup, has achieved a major victory by securing a full license to offer digital token payment services in Singapore from the Monetary Authority of Singapore (MAS). This license allows Ripple to provide digital token payment services in the country and marks an important step towards the adoption of digital assets.The news of […]
The recent influx of 14,924 Bitcoins into Kraken, one of the leading cryptocurrency exchanges globally, has raised questions and sparked interest among investors, analysts, and enthusiasts. This marks a pivotal moment in the market since the influx is the largest recorded on Kraken since 2018. CryptoQuant’s data suggests that the influx could be due to […]
Binance Futures has unveiled its upcoming offerings, which include two main types of futures: COIN-Margined (COIN-M) and USDS-Margined. The COIN-M variant allows traders to possess the underlying digital asset, settling and collateralizing in the primary cryptocurrency. The platform will introduce the new Quarterly 0329 Futures Delivery Contracts, which will include COIN-M BTC, ETH, BNB, ADA, […]
Binance has announced the discontinuation of borrowing and lending services for its native stablecoin, Binance USD (BUSD). The move is part of a phased termination of BUSD-related services, culminating in a complete cessation expected by February 2024. All outstanding BUSD loan and collateral positions will be closed by the end of October 2023.Users who have […]
Binance, the crypto exchange giant, has teamed up with the Royal Thai Police and other international law enforcement agencies to take down a massive crypto scam that defrauded thousands of victims. The operation, codenamed “Trust No One”, resulted in the arrest of five key syndicate members and the seizure of $277 million worth of assets. […]
The SEC filed a motion to oppose Coinbase’s motion to dismiss the case on October 3. Coinbase’s chief legal officer, Paul Grewal, said that the agency has no grounds for their claims as crypto assets have not been legally deemed as securities by Congress. Coinbase filed a motion to dismiss the complaint on August 4, […]
