South Korean authorities have reportedly convicted two top executives of the crypto exchange Bitsonic. According to local news agency Newsis, the Seoul Eastern District Court sentenced Bitsonic CEO Jinwook Shin to seven years in prison during his first trial on charges that accused him of defrauding users of the exchange. Shin is said to have […]

Known for his aggressive regulatory approach, Gensler's tenure has seen significant changes in financial oversight, particularly in the cryptocurrency …

In the past 14 days, the Bitcoin price has displayed a significant uptrend of 14.5%, signaling a resurgence in bullish sentiment. This rally comes as Bitcoin spot exchange-traded funds (ETFs) have been trading for nearly a month, with the market already factoring in this development. As a result, Bitcoin is back on its natural course, […]

TL;DR Cardano (ADA) is a blockchain platform that competes with Ethereum (ETH) and has seen a 54% increase in trading volumes in the last 24 hours. ADA’s price has been fluctuating since late 2023, reaching a high of $0.66 and a low of $0.50, and is currently facing a major resistance at $0.53. Crypto analyst Ali […]

Bitcoin partially recovered from its earlier crash, reaching USD $45k following intense speculation and activity around Spot Bitcoin ETF applications and their subsequent approval. With the Bitcoin halving event approaching in 10,411 blocks speculation is high on whether we’ll see a sustained rally or a significant crash, amidst predictions of a pre-halving rally. The upcoming […]

A widely followed crypto analyst says altcoin markets are set to break out. Pseudonymous crypto trader Rekt Capital tells his 396,000 followers on the social media platform X that the altcoin market cap is about to blow. “Altcoin market cap is on the cusp of a historic breakout” Source: Rekt Capital/X According to the trader, Ethereum’s (ETH) […]

Analysts at Wall Street brokerage giant Bernstein reportedly think that Bitcoin (BTC) will surge into the $70,000 range by the end of the year. According to a new report by StreetInsider, analysts Gautam Chhugani and Mahika Sapra say in a new research note that the impact of the recently approved spot BTC exchange-traded funds (ETFs) […]

[PRESS RELEASE – Hong Kong, China, February 8th, 2024] KIP Protocol, the Web3 base layer for artificial intelligence (AI), has successfully closed its strategic funding round led by Animoca Ventures. KIP Protocol builds secure and gas-efficient Web3 infrastructure that makes it possible for AI creators – whether app developers, model makers or data owners – […]

Litecoin has shown little strength following the latest surge in Bitcoin’s price but it is still finding it difficult to push above its two-week high. An increase above $80 should bring the coin out of its short-term bearish phase. After rolling back to its local bottom in January, Litecoin saw a quick rejection and recovered […]

Cardano (ADA) brandishes bullish indicator with price target of $0.68

… cryptocurrency, HYDRO. According to court documents and evidence … cryptocurrency exchange in the United States by flooding the market with fake …

Going into the future of Bitcoin adoption and development there is one issue of software interacting that is coming to the forefront of roadblocks developers must deal with: compatibility. As applications and protocols in this space become more complex and featureful in order to meet the needs of actual users and use cases, this presents […]

Solana-based decentralized exchange (DEX) aggregator Jupiter recently announced the possible launch of three new tokens through its launchpad. The announcement follows the launch of its JUP native token via the LFG launchpad last week. Solana’s Community Holds The Power? After the scheduled closing of the JUP launch pool, Jupiter Exchange and its founder took X […]

In a bid to accelerate the adoption of PayPal USD (PYUSD), a USD-backed stablecoin issued by Paxos, Chainlink has introduced PYUSD Chainlink Price Feed on Ethereum. This integration aims to provide market data for PYUSD on the blockchain, promoting its adoption for on-chain transactions. PYUSD, an open and programmable stablecoin backed by dollar deposits, US […]

A prominent US-based crypto exchange platform is venturing into Europe’s fifth-largest economy after acquiring the proper registration. In a new press release, crypto trading platform Kraken announced that it has obtained VASP (Virtual Asset Service Provider) registration from the Dutch Central Bank (DCB), allowing it to expand its services into the Netherlands. VASP licenses give crypto […]

A single crypto whale has gobbled up nearly $53 million worth of Ethereum (ETH) and Wrapped Bitcoin (WBTC) since December 21st, according to the blockchain tracker Lookonchain. Lookonchain notes that the whale spent 20 million of the stablecoin USDC earlier this week to buy $10 million worth of ETH and $10 million worth of WBTC. […]

TL;DR ARK 21Shares modifies its Ethereum ETF application to seek greater institutional acceptance of cryptocurrencies. The introduction of a cash-creation and redemption model in the Ethereum ETF application aims to align with established regulations and enhance the ETF’s tracking ability. Ether staking through third-party trust providers is another significant addition to the ETF application, offering […]

Do Kwon’s extradition to South Korea, ordered in December 2023, has been overturned. Both South Korea and the United States had requested Kwon’s extradition for fraud charges related to TerraUSD’s collapse. The Montenegrin court found “significant violations” in how the extradition requests were handled. Less than a month ago, the jig was up for Do […]

Bitcoin mining company Hut 8 has announced a leadership transition roughly three weeks after an activist short-selling firm published a report containing allegations against the miner’s management practices and finances. According to an official release, former CEO Jaime Leverton will be immediately succeeded by Asher Genoot, who has served as Hut 8’s president since November […]

Astonishing amount of Ethereum deposited to major cryptocurrency exchanges within last 24 hours

Cryptocurrency is a digital currency designed to work as a medium of … These frauds typically begin with an advertisement on social media that claim a …

SatsCrap, a marketplace for trading goods for bitcoin, has unveiled a new feature: Bitcoin and AI-powered auctions, streamlining the process of selling items for sats, according to a press release sent to Bitcoin Magazine. This marketplace allows users to list, bid, and purchase items with ease, all while transacting in KYC-free bitcoin. “Bitcoin is repricing […]

Ethereum staking has been ramping up despite the poor performance of the ETH price over the past year. Liquid staking protocols such as Lido Finance have continued to see the amount of ETH being staked rise, and as a result of this continued interest in staking ETH, the total amount of supply that has been […]

While Tron ecosystem has attracted a lot of volumes in the past months, its price increased exponentially with over 100% gain in the past year. It is trending highly bullish this month following a recent breakout. The continuous increase in TRX’s price has gained a lot of traction amongst traders and investors, bringing its current […]

London-based firms CCData and BMLL Technologies have announced a new partnership aimed at streamlining access to data across traditional and digital asset markets. CCData, an FCA-authorized benchmark administrator, provides digital asset data solutions and settlement indices. BMLL Technologies offers financial institutions granular historical data and analytics on markets. CCData and BMLL Technologies Partner to Enhance […]

TL;DR Bakkt, a crypto platform backed by ICE, is facing a severe cash crunch and may not be able to operate for the next 12 months. Bakkt has failed to attract enough users and revenue in the crypto market, and its stock has plunged from over $40 to below $2. Bakkt may need a massive bailout from […]

TL;DR The Ethereum staking market is experiencing significant growth, with over 30 million ETH deposited, valued at nearly $73 million at the current price, representing approximately 25% of the circulating supply. Lido Finance leads the staking market with over 9 million ETH deposited, around 32% of the total deposits. The merge was crucial for the […]

MicroStrategy acquired an additional 850 BTC in January, increasing its holdings to 190,000 Bitcoin, valued at over USD $8.4 billion. This makes the company a substantial investment option for those seeking Bitcoin exposure. Led by Michael Saylor, the software firm is pivoting to become a Bitcoin Development Company, aiming to innovate and leverage Bitcoin to […]

Cathie Wood’s asset manager Ark Invest wants to bake staking into its proposed Ethereum Spot ETF – a feature that could revolutionize how the product is evaluated by Wall Street. In an amended S-1 application form filed on Wednesday, Ark included a lengthy passage about what the Ethereum network is and how it stays decentralization, […]

Prometheum, an “alternative” trading platform for crypto “securities” assets, has recently announced the launch of its custodial services for Ethereum (ETH). This move has significant implications for the legal status of the second-largest cryptocurrency by market capitalization.  Fortune Magazine reported that the company’s strategy is to compel regulators, particularly the Securities and Exchange Commission (SEC), […]

A closely followed crypto trader is remaining bullish on one Solana (SOL) competitor that’s put up big gains in recent months. Pseudonymous trader The Flow Horse tells his 200,300 followers on the social media platform X that the layer-1 blockchain Sui Network (SUI) will remain in an uptrend if it holds a key level as […]

We’re thrilled to announce that Polygon Ecosystem Token (POL) is now available on Kraken for residents of Canada! Funding and trading POL funding and trading are live. Add POL to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit.  Only deposit POL on Polygon. Deposits using other networks will be lost. […]