Terraform Labs, the company behind the catastrophic 2022 collapse of TerraUSD and Luna, has finally settled with the SEC as bankruptcy proceedings come to a close. The business, headed by Do Kwon, agreed to a suspended US $4.47 billion fine. The fine is only to be paid back after eligible customers are refunded for losses […]

Solana Mobile unveiled its next Web3 Phone, the successor to the Solana Saga, its first product. The phone, referred to previously as “Chapter 2,” is now called the Seeker, and has been confirmed to feature a 6.36” display, with 128GB of storage and 8GB of RAM, “a longer battery” and two cameras. The phone will […]

In the first half of this year, Victor Gherbovet, who previously collaborated with the FX/CFD broker Admirals for over a decade, decided to launch his own software-as-a-service (SaaS) technology company, FirstByt. Now, as Finance Magnates exclusively learned, the company is introducing a white-label solution for firms looking to launch their own decentralized cryptocurrency exchange (DEX) […]

… morning was purportedly hacked. The channel began streaming videos promoting US-based cryptocurrency company Ripple, according to media reports.

In 2024, Ondo Finance emerged as the leading Real World Assets (RWA) protocol among US crypto investors, according to data from CoinGecko. The protocol captured nearly half of all RWA interest in the US, highlighting its significant influence in this growing sector. The US accounted for 14.8% of the global interest in RWAs, solidifying its […]

A widely followed cryptocurrency analyst and trader is leaning bullish on a Solana (SOL) competitor while offering his forecast on Bitcoin and the layer-1 blockchain Saga (SAGA). The analyst pseudonymously known as Bluntz tells his 275,300 followers on the social media platform X that Solana rival Sui (SUI) is set to rip after breaking out […]

A widely followed crypto analyst is updating his outlook on Ethereum (ETH) and other digital assets after the Fed cut rates this week. Crypto trader Michaël van de Poppe tells his 725,400 followers on the social media platform X that the Fed’s 50 basis point cut on Wednesday may be a bullish catalyst for crypto. […]

[PRESS RELEASE – Amsterdam, Netherlands, September 20th, 2024] Nosana, the decentralized AI inference engine powered by a global network of consumer GPUs, reveals the official launch date for its Nosana Mainnet: January 14, 2025. Nosana, a leader in decentralized AI computing, is proud to announce the upcoming launch of its Nosana Mainnet, set for January […]

As the U.S. presidential election approaches, it’s worth examining how past elections have influenced Bitcoin’s price. Historically, the U.S. stock market has shown notable trends around election periods. Given Bitcoin’s correlation with equities and, most notably, the S&P 500, these trends could offer insights into what might happen next. S&P 500 Correlation Bitcoin and the […]

Large investors seem to be upping their ante; at least, that’s the story of Bitcoin and its latest rebound to over $63,000 today. And market watchers have indeed taken notice. On the inside, however, is key on-chain data that suggests Bitcoin whale accumulation and the reactivation of dormant wallets may be signs for a super […]

The new business is the latest of several digital asset companies Deus X Capital has a hand in.

TL;DR Massive Breach: Hackers exploited a vulnerability in BingX’s hot wallet, stealing $52 million worth of digital assets, primarily Ethereum (ETH) and Binance Coin (BNB). Swift Response: BingX suspended withdrawals and assured users that it would cover the stolen assets from its own reserves. Most assets remain secure in cold wallets. Security Concerns: This incident highlights […]

A bullish signal has emerged following Bitcoin’s surge above $62,000

Between block height 862,079 and 862,087, a group of five vintage bitcoin wallets from 2009 came out of hibernation, spending a total of 250 BTC for the first time in over 15 years. With addresses from the Satoshi era being incredibly rare, these transactions, worth $15.8 million total, marked the first movement of 2009 BTC […]

Although August was one of the worst months for Bitcoin (BTC) price this year, retail investor activity on leading centralized exchanges rebounded significantly. Reaching nearly $910 billion, August volumes hit their highest levels since May 2024. However, it’s worth noting that this is still over 50% less than the record-breaking March when volume reached $2.1 […]

Supreme Court YouTube Channel Hacked? Cryptocurrency Videos Flood the Feed | Breaking News The Supreme Court's YouTube channel appears to have …

Seasoned trader Peter Brandt is warning that Ethereum’s (ETH) biggest competitor is at risk of a significant correction. Brandt tells his 738,400 followers on the social media platform X that Solana (SOL) could lose a key level of support at the lower bound of a trading range, sending it plummeting more than 43% from its […]

The Play Solana Gen1 (PSG1) is Solana’s first handheld gaming device designed specifically for blockchain-based games on its network. The device was introduced on September 19, 2024, with pre-order details set to be announced at the Solana Breakpoint Conference on September 20-21. Solana also announced Seeker, its second-generation web3 smartphone, scheduled for release in 2025, […]

In a significant show of confidence, whales and Smart Dex Traders (SDTs) have been actively accumulating $PEPE over the past 24 hours. Whales have bought an impressive 195.21 billion $PEPE, worth approximately $1.66 million. Meanwhile, SDTs have added 27.21 billion $PEPE to their portfolios, totaling $204,100. As a result, $PEPE has climbed to 2nd place […]

As we celebrate the 10th anniversary of the first hardware wallet, it’s remarkable to see how far Bitcoin security has come. From the early days of precarious self-custody methods to the game-changing creation of the Trezor Model One, this revolution has transformed the way we protect our digital assets. With a decade of this experience […]

XRP price is attempting an upside break above $0.5920. The price could gain bullish momentum if it clears the $0.5920 and $0.600 resistance levels. XRP price started another increase toward the $0.600 zone. The price is now trading above $0.5780 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend […]

Bitcoin traders are starting to entertain the idea of a retest of all-time highs, but BTC price support needs to be firmly cemented.

BingX, a Singapore-based crypto exchange, has suffered a hack targeting its hot wallets. The attack affected several blockchains, with Cyvers Alerts estimating a total loss of over $52 million. BingX Confirms Hot Wallet Hack The incident was initially detected by blockchain security firm PeckShield, which reported a “suspicious significant fund outflow” from the exchange totaling […]

Dogecoin creator reacted to wild Bitcoin price trajectory triggered by big interest rate cut by Fed Reserve

In this blog, we would like to share the details of how we decide which tokens to list and give yours the best chance to join the 250+ cryptoassets we currently have on the platform. Let’s get into the trenches and share insights into what we look for in the assets we list at Kraken. […]

The Southern Coastal US state of Louisiana is announcing that its services can now be paid for with crypto assets. According to a new press release, the government of Louisiana is collaborating with software firm Envoc and crypto payments platform Bead Pay to revolutionize how payments are made for the state’s services. Residents of Louisiana […]

Crypto exchange BitGet now has more than 45 million registered users worldwide as the platform’s global user count has surged by 400% since 2023. BitGet CEO Gracy Chen revealed the numbers as the platform marks its sixth year in business. This year alone, the exchange’s growth rate in Africa is up by 1,614%. BitGet’s userbase […]

TL;DR Terraform Labs Shutdown: Terraform Labs, the company behind Terra (LUNA) and TerraUSD (UST), has received court approval to wind down operations after a $40 billion collapse in 2022. SEC Settlement: The U.S. Bankruptcy Judge approved a bankruptcy plan involving nearly $4.5 billion in penalties, with co-founder Do Kwon personally liable for $204 million. Industry Impact: […]

In a world abundant with ideas, the primary challenge lies not in generating new concepts but in securing the necessary support to bring these ideas to fruition. Homnifi leads this transformation, facilitating the connection between startups, founders, and the resources required for success. Historically, only firms with substantial capital were capable of assisting new ventures. […]

Crypto.com has secured full approval from the Central Bank of Bahrain to provide payment service provider (PSP) services. This approval was granted to its subsidiary, FORIS GFS BH B.S.C. CLOSED, registered in Bahrain. This marks another regulatory achievement for Crypto.com in the region. The PSP licence enables Crypto.com to expand its services, offering e-money and […]

Louisiana State Treasurer, John Fleming, M.D. announces an innovative transition with state government's plan to accept cryptocurrency as a valid …

Tether’s market share has surpassed 75% of the entire stablecoin market, fueling concerns over the stablecoin giant’s influence over the crypto industry.