What FTX listed as its “Insurance Fund” was actually a fake amount calculated with the help of a random number generator, according to court testimony from the exchange’s co-founder, Gary Wang. A transcript of the court proceedings provided by BitMEX Research indicates Wang was questioned about the supposed insurance fund last week during former FTX […]

As the case involving Sam Bankman-Fried (SBF) and his cryptocurrency exchange FTX enters its second week, his legal team has sought permission from Judge Lewis Kaplan to cross-examine Gary Wang, the Co-Founder of FTX, about the legal advice he received regarding loans obtained from Alameda Research. In a letter addressed to Judge Kaplan yesterday (Monday), […]

SCOTTISH cryptocurrency, Scotcoin has appointed Blockraise, the Zurich-based boutique Web3 venture accelerator firm, to support its plans for the …

Bitcoin analysts eagerly scrutinize the charts as November approaches, hoping to gain insights from past cycles. Historically, November has always been significant for the cryptocurrency market, as BTC usually gains value, affecting other coins.  According to crypto analyst Miles Deutscher, November promises to be a pivotal month for Bitcoin enthusiasts and investors. Bitcoin’s Ongoing Sideways […]

As the trial against Sam Bankman-Fried goes into the second week, one significant testimony was much anticipated.  On Tuesday local time, Caroline Ellison, the former girlfriend of SBF testified in front of the court in New York. In one of the most high-profile trials the crypto world has witnessed to date, Bankman-Fried faces several fraud-related […]

Ethereum, the second-largest blockchain network, suffered a substantial setback through a sandwich attack, losing over $9K. This data underscores an increasing problem of sandwich attacks in the crypto sphere, with over $1.3 million lost through such schemes in the past 30 days on the Ethereum chain. The Sandwich Attack According to Eigenphi’s data, on Oct. […]

Can rate of SHIB bounce back soon?

A report from the Bitcoin-only exchange River suggests increased Lightning usage will play a key role in Bitcoin becoming a better medium of exchange.

A mysterious Bitcoin whale has suddenly moved 3,000 BTC worth over $80 million after sitting quietly on their coins since 2017. Data from blockchain tracking firm Arkham Intelligence shows the whale beginning to accumulate in 2016, grabbing 3301 BTC in May of that year. The entity later sold 200 BTC in September of 2017, when […]

Blockchain analytics firm Santiment says that Ethereum (ETH) rival Cardano (ADA) just reclaimed the top spot in a ranking of development activity. According to the market intelligence platform, Cardano recorded 611.47 notable GitHub commits in the past 30 days, leading all other crypto projects. Cardano was previously behind Polkadot (DOT) and its canary test network […]

This project has generated significant excitement within the crypto community. BitVM was introduced by one of the Bitcoin developers, Robin Linus. The crypto world is ever-evolving, and concepts like interoperability and capacity expansion are pivotal. This proposal promises to open new doors for Bitcoin by enabling Ethereum-style smart contracts without the need for a soft […]

Circle has announced its decision to natively mint its USDC stablecoin on the Ethereum layer-2 platform, Polygon. This recent development could turn out to be a breakthrough for both developers and users, as this move would eliminate the need to bridge the stablecoin from Ethereum to another blockchain. As a result of this new offering, […]

The Financial Conduct Authority (FCA) has disrupted Binance’s plans to adhere to the UK’s new crypto marketing regulations. This occurred after its partner in the UK, Rebuildingsociety.com, was barred from approving crypto advertisements in the country. The cryptocurrency exchange, not being registered with the FCA, had partnered with Rebuildingsociety.com just ahead of the implementation of […]

In part, cryptocurrency. Decentralized finance has always been pitched as a way to avoid the difficulties of the regulated global financial system, …

Julian Assange holds up a copy of the Guardian newspaper during a press conference in London on July 26, 2010. Andrew Winning / Reuters file What’s started with a mysterious inscription on October 7 may end up turning into the latest global protest in support of journalist and activist Julian Assange. As revealed by Bitcoin […]

Although the XRP price has witnessed a decline along with the overall crypto market since the beginning of October, recent price action shows XRP is consolidating in the $0.5 support level, suggesting the early stages of a rebound may be brewing. In addition to this, on-chain data has revealed some whales are expanding their holdings […]

A congressional committee has recommended that Changpeng Zhao and three local Binance executives be indicted for fraud and other financial crimes.

Despite the shadow of U.S. Treasury sanctions and a significant drop in assets, Tornado Cash, Ethereum’s leading crypto mixer, has seen a resilient comeback

Summary Hamas used Binance to fund its attacks on Israel, the exchange says it fully cooperates. Palestinian accounts are unaffected, only those directly linked to terror organisations. Hamas is officially designated a terrorist group, requiring all financial institutions and crypto exchanges to comply with authorities. Binance faces its own legal challenges in several jurisdictions. As […]

TL;DR Large XRP wallets increased their holdings to $7.9 billion from $7.16 billion in October 2022. Accumulation spiked after major crypto events, including the FTX meltdown and Terra’s LUNA and UST collapse. A positive outcome for Ripple against the US SEC could boost XRP’s price in 2024, alongside other favorable market factors. Buying XRP Amid […]

THORSwap, a decentralized finance exchange (DEX) built on the THORChain network, has announced that it is close to relaunching its token swap function after pausing it due to regulatory pressure. On October 6, the exchange suspended its swap service following a request from authorities who claimed that illicit funds were flowing into the platform. This […]

The global financial landscape is rapidly changing, owing in part to the rise of cryptocurrencies and blockchain technology. While several countries have taken a cautious yet progressive approach to digital assets, Hong Kong’s position on retail stablecoins remains unusually restrictive. Recognizing Retail Stablecoins Before we get into Hong Kong’s strategy, it’s important to understand what […]

OpenAI CEO Sam Altman's talks about U.S. crypto regulation and privacy issues with Worldcoin. Explore the evolving cryptocurrency landscape.

Everyone has heard about the 4-year cycle that Bitcoin is going through, but have you ever thought of the idea that Bitcoin might be going through a bigger cycle? And could this bigger cycle reflect the way humans adopt new technologies? And is it possible we have seen something similar before with another technology like […]

Tether (USDT) has continued to move into exchanges recently. Here’s why this can be a positive development for Bitcoin. Tether Supply On Exchanges Is Now Highest In 7 Months According to data from the on-chain analytics firm Santiment, $9.99 billion worth of USDT is now on exchanges. The indicator of relevance here is the “supply […]

Circle taps into Ethereum layer 2 Polygon to provide USDC liquidity directly on the proof-of-stake scaling protocol.

A previously dormant Bitcoin whale has sprung to action after six years, transferring an impressive 2,995 BTC

Retired NFL players will have an opportunity to tap into new revenue streams, including NFT collectibles for fans, through the NFL Alumni Association’s new partnership with Aventus. The firm, which operates a Polkadot parachain, will leverage the name, image, and likeness of retired players to create NFTs of those who opt into its new offering. […]

Cybersecurity firm Avast is calling out a long-lived tool that has haunted popular dating apps and that has been upgraded with artificial intelligence, gaining the ability to build fake profiles and manipulate unsuspecting users. Although Avast gave the application the nickname “LoveGPT,” that is not the name of the software in question. It is also […]

Israeli authorities have frozen several cryptocurrency accounts allegedly linked to the Palestinian militant group Hamas. The operation was carried out in collaboration with the crypto exchange Binance, highlighting an increasing global trend towards monitoring and regulating digital currencies to prevent their misuse for illicit activities. Binance Assists Israeli Police in Halting Crypto Financing for Hamas […]

Sam Bankman-Fried’s former love interest and CEO of Alameda Research Caroline Ellison is expected to testify against SBF in court with detailed information on the fraudulent use of customer funds.

Bloomberg crypto analyst Jamie Coutts says that Bitcoin (BTC) is flashing an unexpected bullish signal as US long bonds continue their collapse. Coutts says on the social media platform X that Bloomberg’s trend model has suddenly signaled bullishness despite a deterioration of the macro landscape. Last week, yields on 30-year Treasuries went above the 5% […]