THORchain has recently resumed trading after suspending it last week following the movement of illicit funds through its platform. Despite the pause of trading services, other services including lending, borrowing, and staking continued to remain operational.  The exchange resumed trading activities after revamping its terms of service and also added several new guardrails for two […]

Bitcoin, the leading digital asset in terms of market cap and adoption, recent activity on its price chart has led to speculation and predictions about its future trajectory.  Acclaimed cryptocurrency trader, known as Mags on the X (formerly known as Twitter) platform, recently shared his analysis on Bitcoin, suggesting a significant price surge for Bitcoin […]

More signs say the acquisition will boost metaverse applications in business than in gaming as CEO Nadella talks about productivity and metaverse enthusiast Kotick leaves Activision.

Engineers are investigating a banking glitch that triggered a total shutdown of billions upon billions of dollars in bank transfers in Japan. The glitch began on Tuesday, leaving more than one million customers unable to move their money and affecting banking giants including JPMorgan Chase, MUFG and Mitsubishi Trust. The system breakdown halted a staggering […]

Shibarium partner BAD expands it real-life adoption and utility via new listing

The emergence of blockchain technology has spurred a fundamental revolution in the field of financial services. Blockchain, as a decentralized and immutable ledger technology, has impacted established financial systems in a variety of ways. Trust and Transparency The inherent transparency of blockchain is one of its most significant advantages. Records in traditional financial systems are […]

Cryptocurrency price on October 14, a quick take: The global crypto market cap stood at $1.05 trillion on Saturday morning.

“People want an authority to tell them how to value things, but they choose this authority not based on facts or results –– they choose it because it seems authoritative or familiar.”  –Michael Lewis, The Big Short. Renowned author Michael Lewis published his book, Going Infinite: The Rise and Fall of a New Tycoon, on […]

In the fast-paced world of cryptocurrency, shrewd investments are the gateway to true wealth. On that note, XRP and Bitcoin Spark (BTCS) are leading the pack in financial opportunities in the crypto market. XRP Lawsuit The XRP lawsuit began in December 2020, when the United States Securities and Exchange Commission (SEC) accused Ripple and two […]

The trial against FTX co-founder Sam Bankman-Fried took an intriguing turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony in a Manhattan federal courtroom.  Prince’s appearance provided valuable insights into the intricate relationship between BlockFi, FTX, and Alameda Research. BlockFi’s Bankruptcy Rooted In Alameda And FTX According to a Bloomberg report, […]

A crypto mining operation near a Microsoft facility that supported the Pentagon was reportedly under scrutiny by U.S. officials.

A widely followed crypto strategist believes Cardano (ADA) is close to making a steep move to the downside. Analyst Benjamin Cowen warns his 787,000 YouTube subscribers that Cardano appears to be on the verge of breaking below a key support level on the weekly chart after retesting it several times since December 2022. In technical […]

The Terra (LUNA) community has been busy in the past month with various developments and achievements in the cryptocurrency ecosystem. Here are some of the highlights: The community has voted to burn 800 million USTC, the classic version of Terra’s stablecoin, which was created before the Columbus-5 upgrade. The burning will reduce the supply of […]

Blockstream CSO addressed Bitcoin community with important message

BlockFi’s CEO Zac Prince testified today (Friday) in the ongoing case against Sam Bankman-Fried (SBF), highlighting a billion-dollar loss incurred by his crypto lending firm in connection with Alameda Research and FTX. According to a report by Coindesk, BlockFi’s involvement with Alameda Research began between 2020 and 2021. Prince mentioned the existence of loan agreements […]

BitPay chosen as payment processor to protect against price fluctuations. Ferrari has started to accept payment in cryptocurrency for its luxury …

In a significant development, the U.S. Securities and Exchange Commission (SEC) has decided not to appeal a recent court decision favoring Grayscale Investments’ Bitcoin ETF conversion plans, according to a report by Reuters. The decision, which comes after a legal battle and months of anticipation, may signal a shift in the regulatory landscape towards the […]

Summary U.S. Investors have long waited for the approval of several Spot Bitcoin ETFs. A decision is expected anytime soon as the regulator has until Friday, U.S. time to make a decision. Analysts see the chance of approval around 75%, with a 95% chance of approval by the end of 2024. Bitcoin Spot ETFs have […]

Bulls pushed back and momentarily halted the increasing selling pressure impacting Cardano, Solana, and Ethereum. The altcoin market has been stabilizing over the last day, but fresh data points to potential issues in the short term. As of this writing, Cardano (ADA) trades at $0.23 with sideways movement in the past day. Solana and Ethereum […]

The former CEO of an investment firm marketed as offering algorithmic trading strategies involving crypto futures contracts is pleading guilty to running a cherry-picking scheme. Peter Kambolin, the owner and CEO of Systematic Alpha Management LLC (SAM), is pleading guilty to fraudulently allocating the profits and losses from futures trades when he functioned as a […]

Payments processing giant Mastercard and the Reserve Bank of Australia (RBA) have successfully tested the interoperability of a central bank digital asset (CBDC) and the ability to restrict the use of that currency to “authorized parties.” Mastercard’s solution enabled the holder of a pilot CBDC to purchase a non-fungible token (NFT) listed on Ethereum (ETH), […]

Cryptocurrency investors have experienced a period of financial instability in recent times. However, the massive presale success of Everlodge has provided them with a renewed sense of optimism. Experts have also opined that this new project can trigger the next market bull run. On the other hand, cryptocurrencies like Cardano (ADA) and Toncoin (TON) have […]

Former Alameda CEO Caroline Ellison recognized she wasn’t doing a good job months before the company filed for bankruptcy, but Sam Bankman-Fried persuaded her to stay.

Analyst believes that Bitcoin is far more resilient than second-biggest cryptocurrency on market

Cryptocurrencies have evolved from a fringe concept to a mainstream investment vehicle, attracting not just individual investors but also the attention of cybercriminals. A recent report by The Money Mongers sheds light on the staggering amount of money lost to crypto hacks over the past decade, highlighting the risks that come with the rewards of […]

(WJHG/WECP) – Local …

Today on day two of Bitcoin Amsterdam 2023, the President of Madeira Miguel Albuquerque, alongside Prince Filip of Serbia in a fireside chat, announced the creation of a Bitcoin business hub in the region to foster innovation.  “Last night you showed me the picture of what will be the new Bitcoin business hub,” said Prince Filip. “The […]

Crypto analyst Nicholas Merten believes Bitcoin’s (BTC) next halving will not ignite the renewed bull market that many traders and analysts expect. In a new video update, Merten tells his 512,000 YouTube subscribers that unlike many other analysts, he does not believe the BTC halving event in 2024 will spark a huge rally as past […]

A new report by River, a company that provides Bitcoin technology and financial services, has revealed that the Lightning Network, a layer that enables fast and cheap Bitcoin transactions, has grown by 1,212% in two years. The report, which was published on October 12, 2023, used data from node operators that account for 52% of […]

Uniswap, a leading decentralized cryptocurrency exchange, has launched a closed beta version of its mobile app for Android users. The app aims to provide a more convenient and user-friendly way to swap tokens on multiple chains, including Ethereum, Polygon, Optimism, Arbitrum, Base, and BNBChain. The app can automatically detect which network a token belongs to […]

Ethereum price is trading at roughly $1,550 after failing to get back above $2,000 throughout the entirety of 2023 thus far. Increasingly higher lows during the year and a horizontal resistance zone had formed an ascending triangle – a potentially bullish chart pattern. This pattern, however, is possibly failing. A busted pattern target could send […]

Summary Mastercard and the Reserve Bank of Australia have completed a CBDC trial. The test, which included several partners, leveraged Ethereum and NFT marketplace smart contracts. Australia is exploring several use cases for CDBCs, including cross-border transactions. The Reserve Bank of Australia (RBA) and Mastercard have completed a trial that included the tokenisation of central […]