A recent report by The Defiant reveals that Coinbase holds a substantial 11% of the total Bitcoin supply, amounting to approximately 2.275 million BTC worth around $129 billion.  As the fourth-largest cryptocurrency exchange globally, Coinbase commands significant trading volume—$1.5 billion in 24-hour transactions and 34 million monthly users—and acts as a custodian for major corporations, […]

Financial services giant Fidelity is forecasting how stablecoins could cause further divergence between the top two crypto assets by market cap. In a new report, Fidelity says that the rise of stablecoin usage on Ethereum (ETH) will push it apart from its competitors in the layer-1 sector as well as from Bitcoin (BTC). “Bitcoin and […]

TL;DR A U.S. federal judge dismissed a $100 million class action lawsuit against Atomic Wallet due to lack of jurisdiction and insufficient evidence. Judge Philip Brimmer determined that the digital nature of Atomic Wallet’s products made it unlikely that the company had intentionally targeted the Colorado market. The plaintiffs were granted an additional 21 days […]

According to a new report from the FBI’s IC3, crypto investors lost nearly US$6 billion in 2023. Investment fraud is the predominant type of crime, accounting for over 80% of the total losses. Human trafficking is also part of crypto scams, as criminals use victims to carry out scam operations on their behalf. Crypto investors […]

The crypto market is on edge as Bitcoin spot ETFs in the U.S. experience a sudden shift, with Bitcoin jumping 4% on Monday and critical CPI data looming on Wednesday. The crypto roller coaster continues, but could sentiment be changing? A prominent whale on Bitfinex has been aggressively buying Bitcoin, accumulating around 450 BTC daily. […]

India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography […]

Commodity Futures Trading Commission (CFTC) has formed partnerships with several organizations to raise awareness about cryptocurrency relationship investment scams dubbed “pig butchering.” The regulator’s Office of Customer Outreach and Education (OCEO) is spearheading this initiative to educate and protect consumers from falling victim to these complex fraud schemes. Efforts to Fight Fraud According to the […]

The performance of cryptocurrency exchange-traded funds (ETFs) also mirrors this sentiment of anticipation for a new spark. Spot ether and bitcoin ETF …

Crypto and Bitcoin mining-related stocks in the US bounced back from an early trading day dip after opinion polls showed voters rated Kamala Harris debate performance.

Since the market recovered from July’s low, ICP’s price has remained in range-bound while finding it difficult to break lower. It just rejected a key resistance after charting a notable gain in the past five days. Following July’s rejection at $11, ICP rolled back gains but managed to stay firm above the $6 level after […]

According to a late Tuesday filing from her lawyers, Caroline Ellison, the former CEO of Alameda Research, should be sentenced to time served and supervised release. The request comes ahead of her scheduled sentencing on September 24, 2024, for her involvement in the collapse of the cryptocurrency exchange FTX. Extraordinary Cooperation In the Tuesday filing, […]

Bitcoin, the original cryptocurrency, has come a long way from its informal past. From an experimental digital currency that occupied cypherpunk niches on the internet, it has grown to a trillion-dollar market cap asset valued at over $66,900 per coin as of this writing. While investing in Bitcoin is still considered a wild ride, the […]

According to market signals that have historically preceded major price rallies, Bitcoin is gearing up for its next potential bull run. A CryptoQuant analyst named ‘Tarek’ has recently highlighted key indicators in a post on the CryptoQuant QuickTake platform, suggesting that Bitcoin’s price might soon experience a significant upward movement. These indicators include declining Bitcoin reserves on […]

Cardano’s recovery sustained for three consecutive days, with ADA price reaching highs of $0.348

A widely followed crypto strategist believes sharp recoveries are in store for Ethereum (ETH) and its competitor Solana (SOL). Starting with the top smart contract protocol, pseudonymous analyst Kaleo tells his 647,300 followers on the social media platform X that his bearish scenario for Ethereum is no longer valid. The trader shares a chart suggesting […]

The spot bitcoin exchange-traded funds (ETFs) posted gains on Tuesday, marking their second consecutive day of inflows. Spot ether ETFs also performed well, amassing $11.44 million during the trading session. Spot Bitcoin and Ether ETFs See Gains as Market Inflows Persist Data from sosovalue.xyz showed that the 12 spot bitcoin ETFs had inflows totaling $116.96 […]

A new report shows scammers are cashing in through cryptocurrency scams, and they're targeting Pennsylvanians at higher rates than most states.

BTC price weakness continues, taking BTC/USD below $56,000 despite the smallest year-on-year CPI increase since February 2021.

TL;DR WBTC Native Expansion: BitGo Launches Wrapped Bitcoin on Avalanche and BNB Chain Using LayerZero’s Omnichain Fungible Token Standard. Decentralized Verifier Network: WBTC will feature a 1-of-2-of-3 setup, with BitGo as the primary verifier and LayerZero Labs and Polyhedra as optional verifiers. Controversial restructuring: BitGo will transfer control of WBTC to a joint venture with […]

Tron has enjoyed a stellar 2024 to date, demonstrating impressive growth in key DeFi metrics like volume and wallet activity. However, a TRM Labs report from 2023 found that Tron was home to nearly half of all crypto-related criminal activity. To combat these findings, Tron has teamed up with TRM Labs and Tether to create […]

ENS Labs has integrated Ethereum Name Service (ENS) with PayPal and Venmo, enabling users to transfer crypto using ENS names instead of complex addresses. The integration is currently available to US users, with PayPal and Venmo able to identify wallet addresses linked to ENS names, making crypto transfers more user-friendly. Following the announcement, the ENS […]

TRON has reported a strong performance for August 2024, with positive growth recorded across multiple metrics, including fees, revenue, and total earnings. The platform’s Total Value Locked (TVL) remained stable above the $8 billion mark, while USDT continues to dominate TRON’s stablecoin market cap, accounting for approximately 99% at $58.5 billion. Income and Revenue Growth […]

Bitcoin’s price may not look exciting this month, but the network’s total hash rate has returned to logging regular new all-time highs. The divergence between security and price is a sign that Bitcoin mining firms are happy to continue installing new computer hardware, even amid uncertain business/ market conditions. Bitcoin’s Unrelenting Hash Rate According to […]

As the cryptocurrency landscape continues to evolve, meme coins and innovative AI projects are disrupting traditional decentralized finance (DeFi) ecosystems. GoodEgg (GEGG), a Play 2 Date AI meme sensation, is capturing significant attention in the market, threatening the dominance of established Layer-1 tokens like Kaspa (KAS). While Kaspa (KAS) remains a strong contender in the DeFi sector, its […]

Bitcoin critic Saylor has challenged Saylor to a debate

The latest consumer price index (CPI) from the U.S. Bureau of Labor Statistics shows that inflation cooled to 2.5% in August, marking the slowest rate since 2021. Meanwhile, core CPI, which strips out the fluctuating food and energy sectors, posted a 0.3% increase for the month. Stocks, Bitcoin, and Gold Unmoved by CPI Data On […]

Bitget Wallet has reached a new milestone of 12 million monthly active users (MAUs), becoming the most downloaded Web3 wallet in August 2024. The application was downloaded nearly 2 million times last month, surpassing popular competitors such as Trust Crypto Wallet and MetaMask. Bitget Wallet Surges to 12 Million Monthly Active Users Bitget allows users […]

Cryptocurrency, however, remains a major topic in the upcoming U.S. election. U.S. presidential candidates Kamala Harris and Donald Trump debated …

Critics say ETH is in a death spiral, with plunging fee revenue and extractive L2s. But researchers have a plan to Make Ethereum Great Again.

TL;DR PancakeSwap launches its first prediction bot on Telegram to predict BNB prices. The celebration campaign includes a drawing for $4,444 in rewards on September 22. The bot allows predictions to be made every 5 minutes with a minimum stake of 0.001 BNB. In celebration of its fourth anniversary, PancakeSwap has launched its first-ever prediction […]

TL;DR Charles Hoskinson has refuted claims that Cardano’s staking system locks ADA tokens, clarifying that it is a liquid, non-custodial staking system. Hoskinson and the community have rejected accusations that investors are being deceived. Users retain full control of their assets while they are staked. ADA has experienced a modest 0.8% increase in the last […]

Over 65% of current crypto holders see it as a long-term investment, with 38% using it as a hedge against inflation. Regulatory uncertainty remains a key barrier, with 38% in the US and UK citing it as a reason for not investing in crypto. Crypto has become a significant issue in the US presidential election, […]