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…
Possible money laundering with cryptocurrencies is often used by authorities as an argument to restrict digital assets or their users. A new study shows how little money launderers are really restricted and what tricks they use. Money laundering with crypto unavoidable? Measures such as KYC and AML have been widespread in the crypto industry for a…
Shytoshi Kusama, the lead developer at Shiba Inu (SHIB), recently commented on the meme coin’s position against BNB, XRP and Solana in a tweet. Kusama explained : “SHIB has more volume today than BNB, Solana and XRP combined, over a billion dollars.” Shiba Inu (SHIB) increasing trading volume According to MarketCap data, Shiba Inu (SHIB) is up 63%…
Days after flipping Cardano (ADA) to become the fifth top cryptocurrency, Solana (SOL) is not relenting in its quest to scale the heights because it has dethroned Tether (USDT) at the fourth position. Despite Solana being founded in 2017, it has made significant strides this quarter because it recently hit an all-time high (ATH) price of $249. The fourth…
Bitcoin (BTC), a digital currency that’s capturing the attention of the world, promises a future where financial transactions may look very different from today. As we explore the multifaceted aspects of Bitcoin—from its pricing volatility, legal challenges, adoption trends, to the environmental concerns of mining and technological advancements—each piece provides insight into the evolving role…
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…
The start of the cryptocurrency SUI was successful. As expected, the promising smart contract platform goes straight into the top 100. Meanwhile, the developers at Mysten Labs are already announcing the first dApp. Launch is successful May 3, at 2:00 pm ET, the time has finally come: The long-awaited smart contract platform SUI from developer Mysten Labs is…
The explosive growth of cryptocurrency has brought an unfortunate rise in scams. Scammers continually invent new tricks and catchy phrases to manipulate victims, often taking advantage of limited knowledge, the allure of quick wealth, or the confusion around complex cryptocurrency systems. In this article, we’ll explore the words and phrases commonly used by crypto scammers,…
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,…
The insurance industry, often steeped in traditional practices, is rapidly being redefined by digital advancements. Blockchain, once solely associated with cryptocurrency, is now emerging as a transformative force across many sectors, insurance included. This technology offers solutions that are addressing key challenges, from fraud reduction and operational efficiency to customer experience improvements and enhanced transparency….
The decentralized finance (DeFi) sector took the world by storm in 2020 after its value grew by fourteen times. Its presence in the crypto space continues to be felt as its value continues to skyrocket. According to DefiLlama, a ranking and metrics provider for DeFi protocols, the total value locked (TVL) in this sector stands at $208 billion. Ethereum…
While some coins are in the spotlight, others are quietly developing in the background. One such example is Stellar (XLM). But what is behind it and how far can the XLM price rise? SEC court case continues to weigh on Ripple Coin In recent years, Ripple and its digital currency XRP have often dominated the headlines, especially due to…
Solana (SOL) becomes the third cryptocurrency, after Bitcoin and Ethereum, to be added on Bloomberg terminals as a standalone price tracker was developed by the media giant and Galaxy Digital. American digital currency service provider Galaxy Digital’s European head, Tim Grant, said that Bloomberg Terminal’s price tracker “Bloomberg Galaxy Solana Index” will allow people to start tracking Solana on its terminal, as…
For the first time, CoinMarketCap is choosing the top cryptocurrencies of 2024 as well as projects and people who have made outstanding contributions to the crypto market. The election should become an annual event in the industry. Cryptoquorum tells you this year’s winners. These are the top cryptocurrencies of 2024 according to CoinMarketCap Data aggregator CoinMarketCap held…
US bank JPMorgan Chase is integrating the MetaPay payment service, which will in future allow users to pay for purchases with cryptocurrencies. Thanks to MetaPay, customers in the entire network of the US financial institution will soon be able to finalize purchases with crypto. JPMorgan Chase integrates MetaPay In October 2021, the former Facebook group will…
As we are standing on the brink of the fourth industrial revolution, understanding the nuances and possibilities of emerging technologies is utmost important. A technology that has been making waves in multiple domains is Blockchain. Starting out as an obscure concept popular mostly within small web forums, blockchain technology has catapulted into the limelight with…
The European Systemic Risk Board (ESRB), a regulator responsible for the early detection of financial crises in Europe, issued a warning report on crypto and made recommendations. The ESRB also stated that leverage of cryptocurrencies should also be restricted. EU Authority Issues Crypto Warning: Risk Will Increase If… The European Systemic Risk Board has published a report on…
In the digitally advanced era we live in today, the notion of currency has transcended beyond physical bounds and assumed an intangible, highly efficient form known as cryptocurrency. Veiled in complexity and misconceptions, this novel form of digital currency fosters a versatile financial ecosystem driven by decentralized networks, cryptographic security, and revolutionary blockchain technology. This…
Rihanna song “Bitch Better Have My Money” is now tokenized — at least to a very small degree. Blame it on producer Jamil Pierre, who converted some of his licensing rights into NFTs on the Ethereum blockchain. Token holders earn from the ongoing revenue generated by the song. Rihanna Tokenizes Song “Bitch Better Have My Money” Rihanna’s…
A U.S. federal court has granted the SEC another extension to submit a timeline for disclosing information about Ripple managers Garlinghouse and Larsen. The SEC has until April 15 to notify the court if additional findings are required, and the two executives have until April 8 to respond. The crypto industry’s biggest legal battle will…
Gary Gensler is chairman of the SEC and is considered to be anti-crypto. His agency has been attacking the crypto industry, especially over the past two months. If several US MPs have their way, the Democrat will no longer pose a threat to industry in the future. You want to depose him. Why is he about to be fired?…
This is probably a bit unexpected: Jesse Powell is about to step down as CEO of Kraken. According to reports, his role as CEO will be taken over in the coming months by David Ripley, who currently serves as the crypto exchange’s chief operating officer. This emerges from a report by ” Fortune “. Meanwhile, Powell confirmed the rumors on Twitter. Powell…
Robinhood Markets Inc. is launching a new cryptocurrency recurring investment feature that lets customers automatically invest in cryptocurrencies in a daily, weekly or monthly schedule. The US financial services company stated that such a service would let customers automatically invest in cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and other supported crypto tokens without a commission fee. The new feature is…
The popular hardware wallet Trezor Model T introduces a new feature for user privacy. Thanks to the cooperation with a development studio, customers of the Czech company can now run CoinJoin directly via the Trezor Suite driver. Trezor Model T introduces new privacy feature Trezor is one of the biggest names among hardware wallet manufacturers. Now the…
Blockchain technology is revolutionizing industries, with insurance among the most promising sectors for its adoption. Known for its transparency, automation, and security, blockchain offers solutions to many challenges faced by the insurance industry, including fraud, inefficiency, and trust deficits. But how is blockchain used in insurance to overcome these issues? This article provides an in-depth…
Another security vulnerability occurs at a wallet manufacturer. This time the Czech company Trezor is affected. This could put around 66,000 users at risk. Just a month ago, a Ledger hack caused a stir. Trezor: This security flaw puts 66,000 users at risk Wallet manufacturer warns users of a security gap. A total of 66,000 people are at risk…
On Sunday, the 14th of November marks a historic milestone for the Bitcoin network as the much anticipated Taproot Upgrade went live at block height 709,632. According to Blockchain.com, F2Pool was accorded the honour of mining the block. The upgrade event is arguably the most remarkable since the Lightning Network and the Segregated Witness upgrades, both of which went live…
Restaurant chain McDonald’s recently filed ten metaverse trademarks with the US Patent and Trademark Office. The fast food chain McDonald’s wants to enter the Metaverse. The company has filed ten trademark applications for the virtual space, said Josh Gerben of Gerben Intellectual Property. The applications submitted on February 4 show plans for a virtual restaurant with real…
Could upcoming halving boost Litecoin (LTC) price? In this article, we take a look at the impact of the halving on Litecoin price and what technical analysis predicts for Litecoin’s future. Litecoin (LTC) shortly before halving: Current status at LTC Litecoin, one of the oldest and most well-known cryptocurrencies, is facing an important event: the halving. This event occurs…
Bitcoin as the national currency of Germany – this is the goal of Bundestag member Joana Cotar. In the style of a Bitcoin maximalist, their support is limited to the oldest cryptocurrency. This is how the former AfD member positions himself. Bitcoin as the national currency of Germany? MP plans motion Will Bitcoin soon become the national currency of Germany? A…
Defying all the drama going around the U.S. infrastructure bill, Bitcoin (BTC) is heading north surging past $46,000 levels. At press time, Bitcoin is trading 3.5 percent up at $46,064 and with a market cap of $865 billion The latest data shows that increased institutional on-chain activity has been the reason for Bitcoin’s latest price…
In the last few days, an XRP price explosion has become apparent after the US regulator CFTC has filed a lawsuit against the crypto exchange Binance. The legal dispute resulted in an assessment that referred to cryptocurrencies as commodities. This could be groundbreaking for the dispute between Ripple and the SEC. XRP price explosion of 24 percent…
The leading crypto payment technology provider Alchemy Pay (ACH) announced today that it would launch the Virtual Crypto-Linked card, aiming to expand the scope of cryptocurrency payments to meet the growing demand for crypto-related card transactions. According to the announcement, Alchemy Pay has completed its virtual card service development process and is undergoing beta testing…
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…
Brazil raises allegations against Binance. The world’s largest crypto exchange is exposed to regulatory attacks in more and more countries. The South American state suspects deliberate involvement in multiple fraud. That is why Brazil is now making allegations against Binance The drama surrounding the world’s largest crypto exchange Binance does not stop. Now another country, Brazil, is making allegations against…
American Exchange Traded Funds (ETFs) provider, ProShares, has confirmed Monday that its Bitcoin Futures backed ETF product will begin trading on the New York Stock Exchange (NYSE) under the ticker symbol ‘BITO’ Tuesday. As contained in the announcement, the ETF product will track Bitcoin Futures and not the digital currency. “We believe a multitude of investors have been…
Investor Peter Schiff, who has been against Bitcoin and all other cryptocurrencies for years, supports gold investments and has not given up on this idea despite all his perseverance, announced that he has launched an NFT collection on the Bitcoin network. While the bitcoin and crypto community welcomed Schiff, the famous investor continued to retort, “I’m…
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….
Chainalysis has announced the launch of new sanctions checking tools for crypto wallets. The company said the tools are available free of charge to ensure crypto wallets are sanctions compliant Software company Chainalysis has introduced new tools to monitor crypto wallets that do not comply with sanctions. The two newly launched tools will make it easier to detect…
In October 2020, the US Commodity Futures Trading Commission (CFTC) filed a case against crypto derivative platform BitMEX for offering leveraged and unlicensed crypto products to persons residing in the US. This was said to violate federal laws. In addition, the court documents mention that the exchange oversight system failed to comply with the Know-Your-Customer…
The US Securities and Exchange Commission is again bringing charges against Kraken. The US crypto exchange only settled a costly legal dispute with the authorities in the spring. The new allegations use a well-known scheme. Why is the SEC bringing charges against Kraken? The US Securities and Exchange Commission is filing charges against crypto exchange Kraken, according…
US Securities and Exchange Commission (SEC) Chairman Gary Gensler said at a conference he attended following back-to-back lawsuits against Binance and Coinbase that the “crypto sector is full of dealers and scammers.” Gary Gensler: «Crypto sector full of dealers, cheaters and scammers» Gensler, who attended the Piper Sandler Global Exchange & FinTech Conference online in New York, said most cryptocurrencies are…
Binance Labs, venture capital arm of the Binance exchange, with investable assets of approximately $10 billion, invested in seven projects: Ethena Labs, Derived, Shogun, UXUY, Cellula, NFPrompt and QnA3. The diversification shows how differently Binance is committed to considering each sector that can drive long-term sustainable growth. T he investments are “bets on startups” that were featured in…
Robinhood announced its crypto revenue totalled $233 million in the second quarter and $51 million in the third quarter, marking a 78% decrease compared to the previous quarter. Since there are so many options for trading on crypto nowadays, the market for crypto wallets is saturated yet growing. However, Robinhood Markets Inc’s crypto trading revenue has been staggering. According to…
According to the advice of the White House economic advisors, President Joe Biden wants to impose a punitive tax on crypto mining activities in the USA because they “harm society”. The post states that a mining company was sued to pay 30 percent of its energy costs in taxes. This case becomes the kind of punishment that could threaten…
The White House is reportedly formally supporting the Warner-Portman-Sinema crypto amendment over the Toomey-Wyden-Lummis proposal. The former seeks to exclude proof-of-mining and sellers of hardware and software wallets from expanded taxation on crypto transactions and establishes new reporting requirements for crypto “brokers.” Crypto developers and proof-of-stake validators, however, would still be subject to these financial…
The US authority CFTC files a lawsuit against Binance. The world’s largest crypto exchange is accused of eight different charges. These include systemic insider trading and the targeted circumvention of anti-money laundering and anti-terrorism measures. CFTC files lawsuit against Binance The Commodity Futures Trading Commission (CFTC) is filing a lawsuit against Binance , a public document shows. The subject of the legal…
Twitter enters the crypto space as a crypto exchange next week. For this purpose, the short message service works together with the financial app eToro. In the future, owner Elon Musk wants to transform his company into “X” – a “super app” modeled on WeChat. Customers should be offered a wide range of functions. Today’s Twitter is also meant…
The cryptocurrency market has suffered a lot over the past week. Bitcoin slumped to a low of $ 45,000 – down from 58,000 a week ago. Ethereum, Solana, Binance Coin, Cardano and Polkadot have also depreciated. Now an altcoin is leading the charts with gains of 25%. Tezos has bucked the current market trend and rebounded quickly after hitting…
December 5, 2024 is a significant day for the world of cryptocurrencies: for the first time in history, the price of Bitcoin reaches the magical mark of $100,000. With an all-time high of $104,000, the leading cryptocurrency once again demonstrated its dominance in the market. But what led to this groundbreaking rise, what reactions are…
