TL;DR The legal confrontation between Ripple and the SEC intensifies, with recent filings focusing on whether a key witness’s declaration is standard evidence or unsolicited expert testimony. As both parties await a judicial ruling, speculations arise about a potential settlement this summer. The SEC’s Actions The legal case between Ripple and the US Securities and […]

An illegal cryptocurrency mining farm was discovered in Issyk-Ata district of Chui region. The press service of the State Committee for National …

First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath recently revealed that some nations are reconsidering their reliance on the U.S. dollar. Gopinath explained that this originated in the recent shocks from the coronavirus pandemic, the geopolitical situation with Russia, and national security concerns. IMF Executive: Nations Examining Reliance on U.S. Dollar […]

This development has prompted speculation about potential trajectory of ADA’s price in near term

Real Vision crypto analyst Jamie Coutts says that key indicators for one Ethereum (ETH) competitor are flashing bullish. The former Bloomberg analyst tells his 14,100 followers on the social media platform X that NEAR Protocol (NEAR) could soar more than 47% from its current value. “Absolute price momentum: has been consolidating since March. The technical […]

The biggest bank in the US, JPMorgan Chase, says it now holds about $760,000 in spot Bitcoin ETFs on behalf of its clients. In a new Form F13 filing, which requires institutional investment managers to disclose their holdings, JPMorgan says the exposure is spread across BlackRock’s iShares Bitcoin Trust (IBIT), the ProShares Bitcoin Strategy ETF […]

Cryptocurrency exchange ShapeShift founder Erik Voorhees announced on Friday the public launch of his latest venture, Venice AI, a privacy-focused generative AI chatbot. Privacy is a critical concern for the cryptocurrency space and among artificial intelligence users—a crucial factor in the creation of Venice AI, he said. “I saw where AI is going, which is […]

Bitcoin experienced a price decline of 3.06% on Friday, falling as low as $60,372.36 based on data from CoinMarketCap. With the crypto market leader now in a consolidation phase, a trading analyst with X username Titan of Crypto has expressed resilient faith in Bitcoin’s ability to produce a post-halving price rally. Bitcoin Rise Inevitable, Analyst […]

Lower Bitcoin market volatility often precedes significant bull runs, suggesting that the current trend could propel prices toward the $100,000 to $150,000 range.

TL;DR Revolutionary zkLogin: Sui has enhanced its zkLogin system with multi-signature recovery, allowing users to recover accounts seamlessly, even if the credential issuer or application is inactive. This update includes social login integration from platforms like Google, Facebook, and Apple. Multi-Sig Security: The new multi-sig feature supports complex use cases, enabling up to 10 zkLogin […]

TL;DR BlockFi is undergoing liquidation and restructuring after declaring bankruptcy in 2022 and has announced new measures. The strategic partnership with Coinbase will allow customers of the lending platform to access and withdraw funds efficiently. Deadline dates have been established. Those unable to open an account on the exchange will receive cash distributions. The company […]

In the ever-changing crypto world where investors always seek to maximize profits on their investments, the new Ethereum-based DeFi project, ETFSwap (ETFS), has attracted investors’ sentiment with its ongoing presale.  The new platform has captured the attention of crypto enthusiasts and investors after its presale was projected to see a scintillating 1,000% price increase amidst […]

Neel Somani, the founder and CEO of the Ethereum layer 2 blockchain project Eclipse, has announced a temporary reduction in his role following allegations of sexual misconduct. In a statement posted on May 9th, Somani addressed the accusations, asserting his innocence while acknowledging the seriousness of the situation. Somani Denies Sexual Misconduct Allegations The allegations […]

The cryptocurrency industry has long been asking Washington for more regulatory clarity, and this bill could put the sector on the road to that goal, …

In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of Cleanspark, partially attributes the company’s “record-breaking” performance to the surge in bitcoin prices. Impact of Bitcoin […]

Novel strategic alliance is focused on empowering businesses in emerging markets by offering more accessible capital solutions through blockchain technology

Block CEO Jack Dorsey recently predicted Bitcoin could reach a price of “at least $1 million” by 2030.  Since stepping down from Twitter, now X, Dorsey has become a leading Bitcoin advocate, taking part in various Bitcoin and Nostr-related initiatives. JUST IN: Jack Dorsey predicts at least $1 million #Bitcoin price by 2030 🚀 pic.twitter.com/uNukkC4goQ […]

One of the largest banks in Australia is rolling out a plan to terminate cash and checking services. In an update on its website, Macquarie Bank, which has $267 billion in assets, tells customers that a digital-centered banking experience will begin in November. “In case you missed it, we’re phasing out our cash and cheque […]

Prominent DeFi ecosystems Algorand and Ripple have joined the DeRec Alliance. DeRec Alliance, created by the founder of Hedera Hashgraph Leemon Baird, intends to streamline recovery of digital assets within the Web3 sector. The goal is to simplify the recovery of lost crypto to help make navigating decentralised finance a safer experience for all. Casper […]

As the market begins to recover from its downturn, popular altcoins are slowly regaining their recent losses. With the broader crypto community gearing up for the anticipated bull run, investors are seeking tokens that could surpass current leaders and deliver significant returns. Many industry analysts and influencers are pointing to these five tokens as the […]

Blockchain data shows that nearly 23,000 ETH was transferred into the victim’s account after negotiations opened on May 10.

Coinbase’s Layer 2 network – Base – has witnessed a resurgence of user activity. Franklin Templeton’s latest analysis revealed that Base has received significant traction from SocialFi applications such as Friend.Tech. Friend.Tech’s model, which financializes social interactions, has drawn attention, particularly with the launch of its version 2 platform and the airdrop of its FRIEND […]

Recent on-chain data suggests that notable cryptocurrency whales may have initiated substantial sales of ENA, a project launched on Binance's …

A widely followed crypto analyst is suggesting that altcoins could be on the rise as hopes for an Ethereum (ETH) exchange-traded fund (ETF) approval this month from the U.S. Securities and Exchanges Commission (SEC) this month dwindle. Crypto trader Michaël van de Poppe tells his 717,300 followers on the social media platform X that altcoins are waking […]

A widely followed crypto analyst says that Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB) could be flashing a potentially bullish indicator. In a new thread, crypto trader Ali Martinez tells his 61,900 followers on the social media platform X that ARB’s Tom DeMark (TD) Sequential Indicator has presented a buy signal on the asset’s weekly […]

TL;DR Expansion and Goals: The DeRec Alliance has expanded with new members Ripple and XRPL Labs, joining forces with Algorand Foundation and Swirlds Labs to address the challenge of secure and user-friendly asset recovery in the Web3 ecosystem. Innovation and Methodology: Co-founded by Dr. Leemon Baird of Hedera, the alliance introduces an open-source, industry-standard methodology […]

TL;DR Jupiter aims to launch its mobile application by July, having become responsible for 50% of Solana’s computational load. Co-founder Siong revealed during the Solana Crossroads 2024 conference that they are working on a mobile version for late May or early June. Despite ups and downs, the JUP token has seen significant growth, backed by […]

Solana (SOL) has demonstrated dominance and has always been mentioned among the top five crypto giants. However, as we’re still puzzled by its magnificence, a tiny shoot is forming, and its effects are reverberating throughout the crypto world.  The RCO Finance phenomenon is spreading like wildfire and is set to take its place amongst mega […]

The detainment of two Chinese and one Argentine national involved in a $1.25 million crypto investment scam led to the discovery of a $100 million operation in Argentina. According to local reports, the investigation resulted in the raid of a supermarket that was used as a facade for conducting illegal cryptocurrency mining operations, with dozens […]

Burn rate of Shiba Inu sees 241.86% increase in last 24 hours

JPMorgan Chase, the largest bank in America, has revealed exposure to spot Bitcoin Exchange-Traded Funds (ETFs) in a newly filed document with the Securities and Exchange Commission (SEC) today. Phoenix Trades The SEC filing by JPMorgan Chase provides specific insights into the bank’s exposure to spot Bitcoin ETFs. The bank currently has exposure to spot Bitcoin […]

The largest bank in the U.S. with $2.6 trillion in assets reported to the SEC that it had purchased roughly $760,000 worth of shares of Bitcoin ETFs.