Binance CEO Changpeng “CZ” Zhao believes that decentralized finance (DeFi) has the potential to surpass centralized finance (CeFi) in the next bull run. During a live X Spaces (formerly Twitter Spaces) titled CZ AMA, CZ stated that the volume of DeFi is currently between 5-10% of CeFi, and that the next bull run may make […]
The Securities and Exchange Commission (SEC) and Ripple Labs are engaged in a legal battle over the regulatory status of XRP. Last week, the SEC attempted to appeal a court decision allowing Ripple to use a “fair notice” defense. However, prominent lawyers have predicted the appeal’s inevitable rejection. Ripple’s chief counsel, James K. Filan, and […]
Sonik Coin, a new meme coin, is set to be listed on Uniswap next week and is projected to spark a new craze in the crypto space. The presale of Sonik Coin is nearing its final three days and has already secured over $1 million, nearing its $2 million target. The coin is valued at […]
CyberConnect (CYBER) has seen a remarkable increase in its native asset, with CYBER reaching an all-time high of $15.36 on Friday. This is a 308.9% increase from one week ago, and a 77% increase in the past 24 hours. The project aims to enable developers to create social apps where users own their digital identities […]
Immunefi, a security services platform that offers protection against Web3 bugs, estimated that hackers and fraudsters have drained approximately $23.4 million worth of digital assets from crypto projects in August. This figure is 92% less than the recorded losses in July when wrongdoers siphoned over $320 million. According to Immunefi, the exact losses that crypto […]
SEBA Bank, a Switzerland-based financial institution that focuses on cryptocurrencies, has reportedly secured an approval-in-principle from Hong Kong’s securities regulator. The company now needs to comply with additional conditions for final approval before being eligible to provide digital asset services to local consumers.According to Bloomberg, the Hong Kong Securities and Futures Commission intends to grant […]
Ripple Labs and the US Securities and Exchange Commission (SEC) are preparing for the second round of their legal battle. The case has been ongoing for three years and revolves around the status of the XRP token. The SEC requested an interlocutory appeal, which was granted by Judge Analisa Torres. Ripple argued that the appeal […]
Shiba Inu’s Layer-2 scaling solution, Shibarium, has seen a surge in popularity with over 634,000 active addresses. The platform boasts 600,000 active wallets and facilitates over 700,000 transactions. In the past 24 hours, an impressive 52 million SHIB tokens were destroyed, effectively reducing the circulating supply. The public launch of Shibarium is responsible for the […]
Bitget, a top derivatives cryptocurrency exchange and copy trading platform, has unveiled a major upgrade to its API connecting to Koinly’s tax reporting platform. This upgrade was shaped by feedback from the platform’s users and is designed to simplify and accelerate the process of cryptocurrency taxation.Koinly supports over 20,000 tokens, 170 chains, and 400+ exchanges, […]
The U.S. Securities and Exchange Commission (SEC) has filed a confidential, sealed motion in its ongoing case against Binance, causing a stir in the cryptocurrency world. This rare move by the SEC has triggered substantial market turmoil, with prices of Bitcoin, Ethereum, BNB, XRP, Cardano, and more fluctuating. Industry insiders are predicting a rollercoaster ride […]
