There have been rumors for months that crypto will be implemented on Twitter. After acquiring the short message platform, Elon Musk spoke about this possibility for the first time. He thinks the development is clear. Crypto on Twitter? Musk is optimistic During a Twitter Space , Elon Musk takes the opportunity to speak out about crypto and Twitter. The billionaire acquired…
Not only is the market value of cryptocurrencies increasing, so are the associated risks. Investors need to be protected. While most concerns focus on the highly volatile assets, stablecoins such as Tether (USDT), which are pegged to other currencies, have not escaped criticism either. A recent report by the US President’s Working Group on Financial Markets said stablecoins are a huge risk…
On Tuesday, October 12, most cryptocurrencies have weakened their prices as most are trading lower. Apart from Bitcoin, all other nine top cryptocurrencies are lower as of the time of writing at 09:00 Eastern Time. According to CoinMarketCap, Bitcoin is marginally up 1.77% currently trading at $57,546.41. The flagship cryptocurrency has surged its price to this level for the…
Many, many years ago, when Bitcoin was still new to the market, this would probably have been unimaginable. But over time, the culprits have also found their way in the crypto world and now there is a need for action. The escalating crimes related to cryptocurrencies have called the Federal Police of Australia into action. Without further ado,…
TFL’s Terra developers fail in court to avoid an SEC lawsuit. The US authority accuses the South Korean company of having committed fraud and selling illegal securities. With founder Do Kwon threatened to be extradited to the US, the lawsuit could end drastically. A fresh verdict in the XRP and Ripple case offered new fuel. Defense lawsuit fails…
A number of senior executives tasked with driving Binance European business have left the company in recent months, according to a report by financial magazine FFWD . The world’s largest crypto exchange is currently in the sights of the American financial regulator SEC because of allegations that customer funds were mixed with their own funds. Binance: European top…
On September 8, the fund management giant Invesco Mutual Fund submitted documents to India’s Securities and Exchange Commission to invest in Invesco Elwood Global Blockchain UCITS Exchange Traded Fund (ETF). The fund is mainly aimed at investing in blockchain-listed companies in developed and emerging markets. According to the “Economic Times” report, the annual return rate of Invesco…
Paraguay is expected to be another country worldwide to propose Bitcoin law after El Salvador, Bitcoin as Fiat Money. The incoming bill is expected to introduce on Wednesday local time, which would request registration of cryptocurrencies under the Under-secretariat of State of Taxation (SET), according to Decrypt, a report Tuesday, citing a leaked draft copy in Spanish….
Introduction to Liquidity Pools Liquidity pools represent a fundamental component of the decentralized finance (DeFi) ecosystem, providing a mechanism for users to contribute their assets towards a common fund that can be utilized for trading and other financial activities. Essentially, they are smart contracts that hold reserves of various tokens, enabling users to trade assets…
Ordi and LUNC are each exploding by more than 100 percent in the weekly trend. Why a BRC-20 token and a smart contract platform that was thought to be dead are currently generating such massive profits. Ordi and LUNC are exploding by 100 percent: That’s what’s behind it The BRC-20 token ORDI and the believed-dead cryptocurrency…
Concern about Binance is spreading. Rumor has it that management is fleeing the company. The background to this is regulatory conflicts that are constantly increasing. The management staff is dissatisfied with the reaction of the managing director CZ and is therefore now pulling the ripcord. Those affected deny the thesis. Binance: Is management fleeing the company? Is the management…
In a rapidly digitizing world, financial technologies are undergoing unprecedented innovation, with one of the most prominent gaining increasing attention: Ripple and its associated cryptocurrency, XRP. Launched in 2012, Ripple Labs Inc. has emerged as a driving force in the realm of digital finance, providing ground-breaking solutions for the complexities of international money transfers through…
In a recent interview with the Times of India, JPMorgan Chief Executive Officer, Jamie Dimon, admitted that he does not care about Bitcoin in direct response to whether the digital currency should be banned or regulated. Dimon noted that he could not seem to place why there is so much fuss around the premier digital currency, adding…
JPMorgan aims to allow investors to pledge a wide range of assets as collateral via its proprietary blockchain. The blockchain network serves as a bridge between institutional investors and decentralized financial platforms (DeFi) of the crypto economy. Last week, US bank JPMorgan successfully conducted a pilot for collateral settlement over its private blockchain network. The company…
A crash on the crypto market is looming. Blame is apparently an indictment by the US Securities and Exchange Commission (SEC) against the Binance crypto exchange. The allegations weigh heavily. Crypto market crash A crash in the crypto market occurs. Bitcoin (BTC) lost three percent of its value in the last hour alone. The largest cryptocurrency is trading at…
Cryptocurrencies are the most well-known financial asset after stocks. That emerges from a new study. Despite the high level of awareness, many potential investors lack conviction. Why is it? Cryptocurrencies are among the best-known financial assets More than every second person is now familiar with cryptocurrencies. This is the result of a study by Toluna , in which 10,500 people from…
The multinational semiconductor company Bitmain Technology Holding announced that from October 11, 2021, Bitmain’s Antminer will stop shipping to mainland China in order to comply with a series of local bans on strict crackdowns on cryptocurrencies. Earlier, China intensified law enforcement against domestic Bitcoin mining activities. Bitmain has decided to stop the sales of its encrypted mining equipment under careful consideration…
The Tornado Cash case is not over yet. US authorities raise new charges, triggering heated discussions in the crypto scene. Why the new allegations are attracting so much attention. New lawsuits against Tornado Cash: That’s what it’s all about Since the summer of 2022, the developers of Tornado Cash have been increasingly in conflict with the authorities. US…
Bad news in the case of insolvent crypto lender Celsius. A US judge is now deciding: users of the service voluntarily surrendered the ownership rights to their cryptocurrencies. What does this mean for users of the service? Crypto Lender retains customer deposits from the Earn Program Crypto Lender Celsius Network Collapses In Summer 2022. The Impact of the Bear…
Blockchain technology has become a transformative force, driving innovation in finance, data security, and digital transactions worldwide. But understanding blockchain, especially from the ground up, can feel daunting. Here’s a straightforward guide aimed at demystifying the topic, presenting a blockchain definition simple enough for beginners yet robust enough to appreciate its potential. What is Blockchain?…
Bitcoin Cash is becoming the #1 cryptocurrency, according to entrepreneur Kim Dotcom. The reason is a new website he created. This has the potential to become a viral blockbuster. The application called CashRain allows users to receive cash gifts. Bitcoin Cash becoming the most used blockchain? Bitcoin Cash (BCH) is a fork of Bitcoin (BTC) that emerged in the summer of 2017. The basis…
Sam Bankman-Fried quickly built a billion dollar fortune through transactions in the crypto industry. In the media he presented himself with a pronounced social awareness. Alleged modesty and a giving mentality helped his companies to grow enormously. Now he makes it clear: the supposed altruism was just a marketing gimmick. Sam Bankman-Fried deceives clients with altruism Sam Bankman-Fried,…
According to Goldman Sachs, the cryptocurrency market is on the verge of a transformative era as institutional investors prepare for a significant influx. Over the past few years, regulatory clarity has emerged across various countries, fostering a favorable environment for crypto adoption. While regions like the European Union (EU) and Switzerland have taken bold steps…
Dan Holzmann, co-owner of FC Basel, invests in the NFT marketplace Exclusible. He wants to conquer the luxury segment and is cooperating with famous brands such as car manufacturer Alpine or watch manufacturer Louis Monet. The company recently collected five million euros in investments. FC Basel co-owner finances NFT companies Dan Holzmann is a co-owner of FC…
The insolvent crypto company Celsius is to blame for a data leak that makes all users of the service and their assets public. Once again, the state-mandated KYC measures are to blame for the event. Why identification is always a personal risk. Celsius: User data leaks to the public In July, the Celsius Network filed for bankruptcy . The crypto…
Despite regulatory deficits, India has emerged as one of the largest crypto markets in the world, with Bitcoin at number one, followed by Tether and Shiba Inu. Much of the growth didn’t come until 2021, as investors diversified their portfolios due to the uncertainty that came with COVID-19. Despite its regulatory uncertainty, India has emerged…
According to experts, U.S. authorities will grant new freedoms to the crypto industry in the future. The young industry will no longer be a primary focus of law enforcement. Instead, attention will shift to more pressing issues. This change is expected to take effect by January 20, 2025, when the new President, Donald Trump, takes…
Joe Lubin, Co-Founder of Ethereum and CEO of ConsenSys, is confident that the new, innovative Ethereum version will be launched in the next few months. At the crypto event Camp Ethereal last week, he explained the significant infrastructure changes that are intended to make Ethereum 2.0 more robust and secure Ethereum investors and supporters are…
Goldman Sachs is the first major US bank to offer Bitcoin-collateralized cash loans. The financial service provider has already introduced several crypto services in 2022, thereby demonstrating its confidence in the new industry. On April 28, Goldman Sachs announced the launch of its first Bitcoin-collateralized lending offering. This is a significant move by a major US…
The week started with some negative notes for the Cryptocurrencies markets, with Bitcoin (BTC) reversing its massive gains early last week and approaching the bear market territory. The total market cap of the cryptocurrency market is now at $2.08 trillion, with bitcoin having a 41.46% dominance on the market in roundup examines some of the…
Binance exchange has launched a new service, dubbed the “fixed investment function,” a new addition to the company’s service suite that will help Binance users easily purchase a fixed amount of cryptocurrency within a set time interval. According to the exchange, the service is accessible through the Binance website, as well as the trading platform’s applications…
In the world of digital assets, cryptocurrency exchanges play a pivotal role, providing a platform for buying, selling, and storing various cryptocurrencies. This essay aims to shed light on some of the leading platforms in the sector, namely Coinbase, Binance, Kraken, and Gemini. These platforms have made a name for themselves, not just for the…
In 2019, QuadrigaCX, Canada’s largest cryptocurrency exchange, had gone bankrupt following the mysterious death of its founder and CEO Gerald Cotten. Now, three years later, there has been a new development at the front of QuadrigaCX. After mysterious death: Bitcoins transferred to cold wallets More than 100 bitcoins (BTC) pegged to QuadrigaCX, which went bankrupt in…
Elon Musk, the founder and CEO of the famous electric motor vehicle manufacturer, Tesla Inc, recently asked his more than 62 million followers on Twitter social media platform whether he should sell 10% of his personal Tesla shares. On Saturday, November 6, the U.S. billionaire investor took an extraordinary way concerning his financial future by asking his…
Cryptocurrency exchange Crypto.com appointed Patrick Yoon, former Visa country manager, as the general manager of the South Korea region to be in charge of South Korea and Mongolia market. Crypto.com, a Hong Kong-based digital cryptocurrency exchange found in 2016, has experienced substantial growth in the past 12 months, adding more than 1,500 employees. Currently, it has more than 2,500…
Coinbase releases Wallet As A Service , or WAAS for short. With this step, the US crypto exchange wants to promote the mass adoption of cryptocurrencies. In fact, however, the system seems to have clear pitfalls for end users. Coinbase releases Wallet As A Service Coinbase has recently stepped up its involvement in the crypto industry significantly. Recently, a…
The giants of the German banking sector now also want to get involved in the crypto business. Deutsche Bank has submitted a license application to BaFin to store digital assets such as cryptocurrencies. She is putting everything on one card and wants to immerse herself in the exciting world of the crypto industry, as consistent media reports. Deutsche Bank…
Bitcoin Pizza Day has been celebrated in the crypto community for 13 years now, as a commemoration of the cryptocurrency’s first commercial exchange. On May 22, 2010, Bitcoin was first used to purchase products in the real world. Coincidentally, the first cryptocurrency product purchased was a pizza! On May 22, 2010, Laszlo Hanyecz paid 10,000 bitcoins to…
South Korea wants to be the first country in the world to tax non-fungible tokens (NFTs). The country has already introduced a 30% tax on crypto transactions – which will come into effect from 2022. As the Corea-Herald reports, the almost exploding NFT sector is now also targeted by the Financial Services Commission (FSC). According to its…
The conflicts surrounding the crypto industry are reaching new proportions within the United States of America. Due to increasing regulatory strictness, the crypto exchange Bittrex is now also leaving the USA. In this way, the company apparently wants to avoid attacks by US authorities. Crypto exchange Bittrex is leaving the US due to growing conflicts Bittrex is…
Digital assets manager Osprey Funds has announced a launch of the Osprey Polygon Trust, its fifth investment product of the year. Polygon trust product is available to accredited investors for subscription with a $10,000 minimum investment. The company plans to list the fund on the OTCQX over-the-counter market as soon as possible to remove fees on shares…
Coinbase officially announced today that it provides customers with more payment methods for transactions and allows users to use Apple Pay to purchase cryptocurrency assets on its trading platform. It is expected to integrate with Google Pay in the fall of this year. With the addition of Apple Pay and Google Pay, customers can use…
Yesterday the first day of trial of the indictment against SBF began. The FTX founder pleaded not guilty in court. Authorities imposed further restrictions on him after funds were transferred from FTX Group wallets. Further negotiations will not take place until October. Charges against SBF: FTX founder pleads not guilty Sam Bankman-Fried (mostly SBF ) founded his trading company Alameda…
Big news from the crypto world: Social media platform X (Twitter), once known as Twitter, received a payments license from Rhode Island this week. This expands its license portfolio to a total of seven in the USA, as can be seen from posts on the short message service, among other things. X (Twitter) now also has a license…
In two lawsuits against well-known crypto exchanges, the SEC described, among other things, Cardano (ADA) as an illegal security. Since the start of the proceedings in June, however, the authority has not taken any measures against the blockchain. Founder Charles Hoskinson thinks he knows why. What measures is the SEC taking against Cardano? The SEC is continuing…
In a world increasingly dependent on digital advancements, Bitcoin has emerged as a groundbreaking development, pioneering the new era of digital currency. Established by an entity known as Satoshi Nakamoto in 2008, Bitcoin has grown from an obscure form of digital payment to a broad concept that has introduced and combined several innovative financial and…
Galaxy Digital Holdings Ltd, an investment company, run by the former hedge fund manager and billionaire investor Mike Novogratz, is seeking regulatory approval to launch a Bitcoin futures Exchange-Traded Fund (ETF). The firm filed with the U.S. Securities and Exchange Commission (SEC) on Tuesday, August 17, after the regulator chairman, Gary Gensler, recently stated that the agency…
Crypto exchange Kraken violated sanctions imposed on Iran by the US Treasury Department. As a result, US authorities are now demanding a fine of $362,000. Crypto exchange violates US sanctions on Iran The US Treasury Department has fined San Francisco, California-based crypto exchange Kraken $326,158. This emerges from a document from the US authority . The reason for the…
The Ethereum price could be on the verge of another breakout. The US’s main clearing house, the DTCC, has already added several Ethereum ETFs to its registry, sparking new optimism. Ether has already risen by 28 percent over the last two days. The Ethereum price about to break out again? The Ethereum price may be on the…
Cardano is getting closer and closer to the Vasil upgrade. According to the developers, this is the most significant improvement to the ADA blockchain to date , but what exactly is behind it? What is the Cardano Vasil hard fork? The Vasil Upgrade , also known as a hard fork , is a major upgrade to the Cardano blockchain. The significant upgrade is named Vasil…