South Korea’s crypto surge has seen an unprecedented $100B in virtual assets dominate overseas accounts, reflecting a significant shift in the country’s financial sector. According to the National Tax Service (NTS), virtual assets represented over two-thirds of the value in registered overseas accounts this year, with 5,419 residents and companies reporting ownership of assets through […]

Ethereum-based automated market maker (AMM) and decentralized finance (DeFi) protocol Balancer has recently suffered a front-end attack on its website, and blockchain sleuths are saying that more than $200K were stolen. In the early hours of Wednesday, September 20, the official X account of Balancer announced that the protocol website was under attack and asked […]

The Ethereum (ETH) prices are up seven percent when writing but trending below the $1,700 level. Even though there are hints of strength, there must be a conclusive breakout above $1,670 and, ideally, $1,750 for the buy trend definition.  Despite the leg up, prices are back within the average of the past 30 trading days. Moreover, ETH […]

Thailand has set its sights on broadening the tax net by incorporating foreign earnings, including profits from cryptocurrency trading, …

Binance reportedly said that they were doing a wallet aggregation process to ensure the safety of user funds.

A former executive of German financial giant Deutsche Bank has been handed a 30-year prison sentence for his role in a crypto fraud scheme. In a new press release, the U.S. Department of Justice (DOJ) says that ex-investment banker and registered broker Rashawn Russell has pleaded guilty to charges of perpetrating a crypto fraud scheme […]

In recent weeks, the Bitcoin market has witnessed a surge in aggressive shorting on major exchanges, most notably on Binance. This development has sent ripples through the cryptocurrency community, with traders and analysts closely monitoring the situation. As a result of this increased shorting activity, Bitcoin’s price has experienced a notable 4% uptick since the […]

In a somewhat surprising turnaround, Tether Holdings has resumed its stablecoin lending activities from its earlier intention to scale down such operations. The company has reinitiated the lending of its own stablecoin – USDT – to clients after a temporary hiatus lasting less than a year. This decision was prompted by a surge in short-term […]

Hungary’s National Tax and Customs Authority (NAV) seized $1 million worth of cryptocurrency from criminal group involved in consumer electronics trade

As the 8 October 2023 deadline approaches for activating the new financial promotions regime for digital assets, the UK’s Financial Conduct Authority (FCA) issued its last advisory warning today (Thursday), urging crypto companies targeting UK consumers to brace for the forthcoming regulatory adjustments. UK Government Tightens Regulations on Cryptoasset Promotions The UK Government has recently […]

A previously little-seen video of the late Hal Finney, a pioneering figure in the world of Bitcoin, has surfaced, shedding light on his groundbreaking work on cryptographic protocols, and giving a rare glimpse of his humanity. In the video, recorded at the Crypto 98 conference, Finney is seen discussing zero-knowledge proofs, offering a glimpse of […]

Bitcoin (BTC) held by leading crypto exchanges like Coinbase, Binance, and Kraken are near a six-year low, CryptoQuant data on September 20 reveals. The contraction was recorded when the broader market steadied after posting sharp losses in the better part of August and the first half of September. As of September 20, BTC prices are […]

Initial plans called for a 2022 rollout, but economic conditions caused the project to be reportedly shelved last year.

A US federal magistrate judge is reportedly choosing not to grant the U.S. Securities and Exchange Commission (SEC) permission to inspect the technological infrastructure of Binance’s American affiliate, a setback for the regulator. A new report from Bloomberg indicates the SEC asked Magistrate Judge Zia M. Faruqui on Monday for permission to search through Binance.US’s […]

Bloomberg Intelligence’s crypto market analyst Jamie Coutts says that Bitcoin (BTC) is pulling off one major achievement that is flying under the radar. Coutts says on the social media platform X that at the same rate that Bitcoin adoption is increasing, its network’s carbon emissions are declining, a rare phenomenon. “And this is where the […]

A widely followed crypto analyst is putting traders on notice regarding one Ethereum (ETH)-based Chainlink (LINK) rival. The analyst and trader pseudonymously known as Altcoin Sherpa tells his 196,400 followers on the social media platform X that the decentralized oracle protocol Tellor Tributes (TRB) is setting up for a correction after rallying by slightly over […]

Cryptocurrencies are an alternative to traditional cash and banks, where your transactions are recorded into ledgers known as blockchains that get …

Digital asset management giant Grayscale Investments has officially filed for a new Ethereum (ETH) Futures Exchange Traded Fund (ETF) on September 19, 2023, as reported by the Wall Street Journal (WSJ). This new filing was named the Grayscale Ethereum Futures ETF (ETHG) and was filed under the Securities Act of 1933, unlike the former one […]

The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) is set to announce its decision on the rate hike this Wednesday. The FOMC is expected to maintain the target range for the federal funds rate at 5.25%-5.5%, a 22-year high. This comes after Fed Chair Jerome Powell signaled that the committee would assess the impact […]

Incoming reports indicate that Sam Bankman-Fried’s legal team is readying their arguments for a pretrial release hearing before the U.S. appeals court on Tuesday as the billionaire founder of the defunct exchange FTX prepares for his trial on Oct. 3. Bankman-Fried’s initial plea was overruled last month as the prosecutors argued that the defendant had […]

How long is sideways movement of SHIB going to last?

The U.S. Securities and Exchange Commission (SEC) is showing no signs of slowing down in its efforts to enforce securities laws within the cryptocurrency space, according to David Hirsch, the head of the agency’s Crypto Assets and Cyber Unit. Compliance Issues in the Cryptocurrency Industry Speaking at the Securities Enforcement Forum Central in Chicago, Hirsch […]

Bitcoin and Ethereum, despite acting as twin forces for accelerating and adopting cryptocurrencies and blockchain technologies, have historically been at odds with each other due to the “L1 wars” and their vocal online proponents. To some, the rivalry may seem like a mere culture war within the crypto community. However at its’ root, it’s a […]

CoinEx, a cryptocurrency exchange, has announced plans to resume its deposit and withdrawal services. The crypto platform was forced to shut down operations after roughly $70 million worth of cryptocurrencies were drained from its hot wallets a week ago. On Saturday, September 16, the CoinEx team offered an update on their investigation, which showed that […]

A closely followed crypto strategist is weighing in on potential downside moves for Bitcoin (BTC) after the king crypto crosses $27,000. Pseudonymous analyst Credible Crypto tells his 345,900 followers on the social media platform X that Bitcoin could dip to around $24,900 and still remain on track for a bull market cycle. “I have marked […]

Stanford University will reportedly return millions of dollars worth of gifts it received from bankrupt crypto exchange platform FTX. According to a new report by Bloomberg, a spokesperson for Stanford says that the California university will be returning the donated money in its entirety so those affected by the downfall of FTX can recover their […]

The Institute of International Finance looked at seven areas where digital euro legislation, which is being developed alongside the technology, is lacking.

… cryptocurrency exchanges. The Australian Securities and Investments Commission, in Federal Court filings, alleges that Bit Trade Pty, which …

Widely followed crypto analyst and Bitcoin bull Will Clemente says that there’s a large-scale macro setup now forming for BTC. Addressing his 690,000 followers on the social media platform X, Clemente says that the US economy is now in a position where it absolutely has to issue more dollars in order to service its debt. […]

Ethereum (ETH) has hit a new 2023 low against its rival Bitcoin (BTC)

Decentralized Autonomous Organizations, or DAOs, have emerged as a game-changing notion in the ever-changing landscape of blockchain technology. In this article, we will define DAOs, delve into their basic concepts, and explain their essential characteristics, benefits, and the role of blockchain technology in their governance. What are DAOs? An Introduction to DAOs A DAO, or […]

Shinobi’s Strawman is a weekly series where our Technical Editor Shinobi challenges the Bitcoin community, aiming to stir up conversation around heated technical debates. _________________________________________________________________ Here is part two of the experiment. Last week I published a short prompt challenging readers to respond with their own defense or criticism of drivechains. The purpose of this […]