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CoinShares report reveals shocking update about Ethereum

CoinShares

Institutions have taken a lukewarm stance toward Ethereum in 2023, with significant sell-offs of this digital asset dominating the year so far. According to the latest analysis from CoinShares, Ethereum has witnessed outflows of $4.8 million in the past week alone, contributing to a total of $108 million in sales within the year. CoinShares’ head […]

Cryptocurrency trading hits lowest volume in August: Report

Genesis Halts All Crypto Trading Activities Across Business Units

In a development that raises concerns about the health of the cryptocurrency market, trading volumes have plummeted to their lowest levels since 2019. Data compiled by CCData reveals that the combined monthly volume of spot and derivatives trading fell by 11.5% to $2.09 trillion in August, marking the second-lowest monthly total since October 2020. The […]

Nigeria takes top spot in global crypto awareness survey

Nigeria

In a groundbreaking global survey conducted by ConsenSys and YouGov, Nigeria has emerged as the country with the highest level of cryptocurrency awareness. This survey, which aimed to gauge the perception of cryptocurrencies and the broader Web3 ecosystem in various countries, encompassed 15,158 individuals aged between 18 and 65 across 15 nations. Report shows that […]

Shibarium network hits one million wallets despite challenges

Shibarium

Shiba Inu’s newly launched layer-2 blockchain, the Shibarium network, has achieved a significant milestone, surpassing 1 million wallets. This remarkable feat comes in a meteoric rise since the network’s relaunch. The official team announced this achievement in a blog post on September 3, signaling the rapid growth of the network. This milestone marks a notable […]

KuCoin report shows crypto adoption rate in Turkey

KuCoin

In recent years, Turkey has witnessed a significant increase in crypto adoption as its population seeks alternatives to combat high inflation. According to a survey conducted by KuCoin, one of the world’s largest cryptocurrency exchanges, the adoption rate has risen from 40% to 52% over the past year and a half. This trend reflects a […]

Ex-SEC Chair makes positive spot Bitcoin ETF prediction

JPMorgan warns of lawsuits if SEC rejects spot Bitcoin ETF applications

Former Chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, recently shared his insights on the probability of the SEC approving a spot Bitcoin exchange-traded fund (ETF). In an interview with CNBC, Clayton discussed the growing demand for cryptocurrency exposure among both retail and institutional investors, suggesting that the approval of a Bitcoin […]

Bitcoin holdings on exchanges continue to decline drastically

Bitcoin

In a notable shift within the cryptocurrency landscape, the quantity of Bitcoin (BTC) held in addresses linked to centralized exchanges has reached its lowest point in over five years. This development, while reflecting a growing market sophistication, brings about both positive and negative implications for the crypto industry. Cryptoquant report shows a 4% decline in […]

Crypto community slams the upcoming crypto tax law

Crypto community

The recent announcement of new crypto tax reporting rules by U.S. President Joe Biden has triggered strong criticism from several well-known voices in the crypto community. The Internal Revenue Service (IRS) proposed on August 25 that brokers adhere to stricter guidelines for the sale and trade of digital assets. This move, aimed at curbing tax […]

FTX suspends user accounts temporarily after cybersecurity breach

FTX

In the aftermath of the recent cybersecurity breach involving Kroll, a leading cybersecurity firm, FTX, a bankrupt cryptocurrency exchange, has implemented a temporary suspension of user accounts accessing its claims portal. The move comes as a precautionary measure aimed at mitigating potential risks and preventing any further harm stemming from the recent breach. FTX warns […]

Defi TVL plummets as Ethereum staking grow significantly

Defi

The cryptocurrency landscape has witnessed a series of setbacks involving centralized crypto exchanges and services in the past year. Surprisingly, these challenges have not deterred consistent outflows from decentralized finance (DeFi), as indicated by recent data. DeFiLlama, a prominent analytics platform for DeFi protocols, reports a notable decline in the total value locked (TVL) within […]

Australian exchange partners with PayPal to evade banking restrictions

Australia

In a strategic move to counter the escalating restrictions imposed by Australian banks on cryptocurrency exchange payments, the CEO of Independent Reserve, a prominent crypto exchange, has announced a groundbreaking partnership with global payments giant, PayPal. Independent Reserve, a notable player in the Australian crypto exchange landscape, has aligned with PayPal to introduce a unique […]

SEC charges former corrections officer with crypto fraud

SEC

A former lieutenant at the New Jersey Department of Corrections, John A. DeSalvo, is facing charges by the United States Securities and Exchange Commission (SEC) for allegedly orchestrating a cryptocurrency scam with a specific focus on police officers and first responders. The announcement, made on August 23, reveals that DeSalvo is accused of raising $623,388 […]

Maple Finance announces Asia expansion after successful investment round

Maple Finance

Maple Finance, a blockchain-based credit marketplace, has set its sights on the Asia-Pacific (APAC) region, announcing a successful $5 million investment round on Tuesday. The fundraising was led by BlockTower Capital and Tioga Capital, with participation from Cherry Ventures, The Spartan Group, GSR Ventures, and Veris Ventures, among others. Notably, existing investors including Maven 11 […]

IOTA Price Prediction 2023-2032: Should You Buy IOTA?

iota prediction

IOTA Price Prediction 2023-2032 What’s in store for the IOTA Foundation and community in 2023? IOTA is one of the latest innovations tipped to power IoT (Internet of Things). Many people mistake IOTA project for a blockchain or a cryptocurrency. But that is not what IOTA is about. IOTA is a distributed ledger technology developed […]

Mango Markets faces internal issues amid legal battles

Mango Markets

Nearly a year after an alleged crypto market manipulation incident involving Avi Eisenberg, the blockchain-based trading protocol Mango Markets finds itself entangled in financial difficulties. Stakeholders are grappling with escalating legal costs, and initial voting results suggest a hesitancy to continue funding these expenses. Mango Labs, the primary entity behind the Solana blockchain-based Mango Markets […]

Coinbase consumer transactions slide amid regulatory scrutiny

Coinbase

In recent years, the cryptocurrency market has experienced both surges and setbacks, with Coinbase, the world’s second-largest cryptocurrency exchange by volume, finding itself at the center of these developments. The second quarter earnings report released by Coinbase has unveiled less-than-favorable results, signaling challenges for crypto enthusiasts and industry players alike. Transaction volumes for both consumers […]

Coinshares record strong revenue growth in Q2 2023

Coinshares

CoinShares, a prominent European manager of crypto exchange-traded products (ETPs), has reported robust financial performance for the second quarter of 2023, marked by a 33% surge in total revenue compared to the same period the previous year. According to an announcement made on August 1st, the firm achieved total revenue of 20.3 million pounds ($25.9 […]

Crypto trading soars in Russia amid Wagner rebellion

Crypto trading soars in Russia amid Wagner rebellion

The tempestuous winds of political upheaval recently swept across Russia’s financial landscape, causing a surprising surge in crypto trading. Amid an attempted insurrection by the Wagner Group, led by Yevgeny Prigozhin, Russians scrambled to find a stable alternative to their plummeting currency. The country’s first coup attempt in three decades shook the very foundations of […]

GitHub urges the European Union to reconsider its AI Act

GitHub

In a joint effort, GitHub, Hugging Face, Creative Commons, and other tech companies have penned an open letter appealing to European Union (EU) policymakers to revise certain aspects of the EU’s Artificial Intelligence Act. The letter expresses concerns that upcoming rules may inadvertently impede the development of open-source artificial intelligence (AI) models. GitHub joins other […]

Gucci offers Materials NFT holders exclusive access to luxury products

Gucci

Gucci has unveiled an exciting utility for its Gucci Material NFTs, allowing holders to exchange their tokens for premium merchandise. The luxury brand, owned by Kering, collaborated with the partner platform 10KTF.shop to offer bifold wallets and Gucci x 10KTF co-branded duffle bags as redemption options for the NFTs. Gucci reveals utility behind the Material […]

MakerDAO increases DAI yield amid stablecoin market slump

MakerDAO

MakerDAO, the decentralized autonomous organization behind the stablecoin DAI, recently approved a proposal aimed at increasing interest rates temporarily for DAI token holders. The new mechanism, known as the Enhanced Dai Savings Rate (EDSR), seeks to offer higher yields to users, with rates reaching up to 8%. MakerDAO introduces EDSR to boost yields The decision […]

Canadian regulator proposes revised guidelines for crypto holdings

Canadian

Canadian regulator, the Office of the Superintendent of Financial Institutions (OSFI), has recently announced proposed changes to its capital and liquidity approach for crypto assets. The proposed rules aim to simplify institutions’ management of perceived risks associated with cryptocurrencies by defining four categories of crypto assets and their respective capital treatment. Canadian regulator seeks public […]

Bitget MD commends the positive impact of copy trading in the crypto market

Bitget

Copy trading, a trading strategy that links a portion of a trader’s funds to the account of a copied investor has been making waves in the cryptocurrency industry. Gracy Chen, the managing director of Bitget, a crypto derivatives and copy trading platform, highlighted the strategy’s growing popularity among novice traders. Copy trading has not only […]

Reddit’s Moons token skyrockets after Crypto.com listing

Reddit

The native token of cryptocurrency enthusiasts on Reddit, known as Moons, has witnessed a dramatic surge in price following its listing on Crypto.com. The token’s value has soared for two consecutive days, with an impressive 141% increase in a single day, reaching a trading price of $0.41. Moons had already experienced significant gains earlier when […]

United States crypto startups flourish amid regulatory turmoil

United States

In the face of increased regulatory scrutiny in the United States, the crypto industry continues to demonstrate resilience and innovation. A recent report published by Galaxy Digital, a crypto investment firm, sheds light on the current state of the market and the capital investments flowing into crypto businesses. United States crypto firms experience a boom […]

Fei Labs denies discord seizure amid class-action lawsuit

Fei Labs

In recent developments surrounding the ongoing class action lawsuit against DeFi project Fei Labs, new information has emerged regarding the widely reported seizure of the platform’s Discord server. Contrary to previous reports, it has now been clarified that the notice posted on the server was not a result of authorities seizing control. Instead, the purpose […]

Switzerland positions itself as a crypto hub with its Plan ₿ project

Switzerland

Switzerland, renowned for its banking secrecy laws and attracting the wealthy, has also become a favorable environment for Bitcoin and cryptocurrency enthusiasts. Lugano, in particular, has emerged as a hotspot for Bitcoin adoption, with the city embracing cryptocurrencies for everyday transactions. This growing acceptance was highlighted by Giw Zanganeh, head of Lugano’s Plan ₿ initiative, […]

FBI investigates Kraken co-founder for alleged hacking

FBI

The United States Federal Bureau of Investigations (FBI) searched the home belonging to Jesse Powell, co-founder of cryptocurrency exchange Kraken, in March. The search was part of an investigation into allegations that Powell had hacked and cyber-stalked a nonprofit arts group. The FBI raided Powell’s home in March According to sources familiar with the matter, […]

Bitget announces the launch of its dual-coin crypto loans

Bitget

Singapore-based derivatives trading platform Bitget is set to launch a cryptocurrency lending program that allows users to stake their coins in exchange for loans in different digital assets. The platform aims to cater to borrowers who are dissatisfied with traditional lenders and provide them with the opportunity to expand their investment portfolios beyond their current […]

Crypto trading had a blast in June – Here is a look at the numbers

Crypto trading had a blast in June Here is a look at the numbers

June was a significant month for the world of cryptocurrency. An interesting wave of optimism washed over the crypto market, bringing about a rise in crypto trading volumes and shedding some positive light after a period of uncertainty. A potent mix of increased activity by retail and institutional investors, high-profile filings for Bitcoin ETFs, and […]

ProShares records the large inflows amid ETF fever

ProShares

In recent developments, the excitement surrounding Bitcoin exchange-traded funds (ETFs) has resurfaced, accompanied by a wave of new applications and increased capital inflows from institutional investors. Notably, the ProShares Bitcoin Strategy ETF (BITO), a Bitcoin futures fund, witnessed a surge of inflows on June 26, attracting significant attention from Bloomberg senior ETF analyst Eric Balchunas. […]

ChatGPT logins leaked on the dark web after breach

ChatGPT

In a recent report by Singapore-based cybersecurity firm Group-IB, it was revealed that more than 100,000 login credentials for OpenAI’s ChatGPT artificial intelligence chatbot were leaked on the dark web. The credential theft, which began in June 2022, reached its peak in May 2023 with 26,802 stolen logins. Group-IB identified the Raccoon Infostealer malware as […]

Japan’s crypto sector urges changes in margin trading rules

Japan’s Crypto Exchanges Are Pushing for Looser Margin Trading Rules

As the title suggests, the landscape of digital finance in Japan might be shifting, with industry stakeholders calling for changes to the nation’s margin trading rules. The epicenter of these cries for change is the Japan Virtual and Crypto Assets Exchange Association (JVCEA). JVCEA is a self-governing entity within the crypto industry, and its members […]

Terra Luna Classic Price Prediction 2024-2032: Is LUNC A Good Investment?

terra luna price prediction

Terra Luna Classic (LUNC) Price Prediction 2024-2032 A quick recall: Terra Luna was rebranded the original Terra Chain as Terra Classic. Click here for the Terra V2 CMC page. The official announcement regarding the migration can be found here. Due to the de-pegging of UST, LUNA is experiencing extreme volatility. Please proceed with caution. The Terra blockchain was […]

Biden’s warning: No debt deal to shield crypto traders

House Speaker McCarthy calls for President Biden's bank statements amid impeachment inquiry preparations

In a significant shift in policy, President Biden’s recent remarks at the G7 Summit signal the shifting terrain of cryptocurrency regulation in the United States. Speaking on the topic of budget negotiations, Biden underscored the necessity for a bipartisan consensus on the nation’s economic direction and dismissed any notions of an agreement that would shield […]

Arbitrum price analysis: ARB token sinks to lows of $1.25 after bears’ strike

Arbitrum price analysis

Arbitrum price analysis reveals the ARB token is trading in a falling wedge pattern following bloodshed witnessed in various altcoins across the cryptocurrency market. The Arbitrum token’s price has fluctuated between $1.24 to $1.36 in the past 24 hours. The bears have controlled the market and pushed prices below the crucial $1.50 support level, causing […]

Aptos price analysis: APT lowers to $9.77. More downside to follow?

Aptos price analysis: APT lowers to $9.77. More downside to follow?

The bearish trend is resuming its velocity, according to the Aptos price analysis. Over the past week, the price has significantly decreased, and today’s pattern is confirming this trend. The value of the cryptocurrency has suffered significantly as a result of today’s price drop to $9.77. Over the past few days, the currency has battled […]

Taiwan’s traditional banks to offer crypto trading services

Taiwan's traditional banks set to offer crypto trading services

Huang Tien-mu, the Chairman of Taiwan’s Financial Supervisory Commission (FSC), confirmed a month ago that the top financial regulator would be responsible for overseeing cryptocurrency regulation on the island. Taiwan has two financial regulators: the Central Bank of the Republic of China, which handles foreign exchange regulations and monetary policy, and the FSC, which covers […]

Solana price analysis: A negative trend causes SOL to fall to a low of $20

Solana price analysis: A negative trend causes SOL to fall to a low of $20

The Solana price analysis shows the coin is on the downswing since April 6,2023. The cryptocurrency has lost significant value over this time. The price has reached down to $20.04 today as a result of the continuous bearish trend. The next support for SOL is currently at $18.31, which is still further below. Today’s trend, […]

TRB Price Prediction 2024-2032: Is Tellor (TRB) a Good Investment?

TRB price

TRB Price Prediction 2024-2032 What’s up with Tellor (TRB)? The volatility of crypto prices has led to the fragility of the DeFi market, and with it, massive automatic liquidations in DeFi protocols. TRB price predictions can go south, but here’s the main thing: further developments could push the value of Tellor TRB higher. How much is TRB worth? According to Coinbase, […]

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