Lookonchain, has identified a whale action behind the massive drop in the price of MATIC. Cumberland transferred 14 million MATIC, equivalent to $9.8 million to two crypto exchanges. MATIC’s price has...
News
Polygon (MATIC) Plummets Over 30% After SEC Lawsuits Shake Crypto Industry
Key Points: The SEC filed lawsuits against Binance and Coinbase, accusing them of engaging in unregistered offers and sales of “crypto-asset securities,” causing a significant drop in the prices of se...
Bitcoin Price Set To ‘Sprint’ Toward $40,000, This Prominent Trader Claims
Bitcoin price has been a topic of great interest and speculation in the financial world, with investors eagerly watching its price movements for potential opportunities. Recently, an interesting devel...
AMD Tracks Nvidia Gains in Wall Street’s AI Frenzy
(Bloomberg) — Advanced Micro Devices Inc.’s stellar share-price performance this year reflects its place in the eyes of investors looking to make an artificial intelligence trade: the best backu...
Former Meta, PayPal executive building payment solution on Bitcoin Lightning Network
David Marcus, an executive whose past stints include working at Meta, formerly Facebook—a company that is using technology to connect people and bring the metaverse to life; and PayPal, an online paym...
Crypto.com Shuts Down US Institutional Exchange, Here’s Why
Crypto.com, the Singapore-based exchange, has announced that it will shut down its institutional exchange service for US customers due to limited demand. The closure will take effect on June 21, 2023,...
The Reasons Behind, SOL, MATIC, ADA, SAND Crash Today
The altcoin market is under fire. Major cryptocurrencies like Solana (SOL), Polygon (MATIC), Cardano (ADA), and many others – are plummeting in value. The heatmap below is pretty indicative of the tro...
Grayscale Withdraws SEC Application for Filecoin (FIL) Trust Launch
Uncertainty looms over cryptocurrency’s end game in the U.S. after several events within the week. Grayscale, a leading digital asset management firm, recently filed a request to withdraw its applicat...
Binance.US To Suspend USD Deposits And Fiat Withdrawal Channels
Bearish momentum builds up as Binance.US issues a new directive amid the ongoing crackdowns. After the U.S. Securities and Exchange Commission (SEC) kicked out the lawsuit earlier this week, the crypt...
Scimitar Capital Confirms Liquidation Of All Altcoins, Suspects $2B Caused Market Dump
Key points: Scimitar Capital confirmed the fund had liquidated all of its cryptocurrencies to return the LPs. The exact amount of the liquidation is yet to be determined but is suspected to be $2 bill...
Bitcoin (BTC) Loses a Key Support Level and May Drop to $23.8K
The global crypto market cap dropped more than 5% over the past 24 hours. BTC’s price lost a key support level over the past 24 hours and may soon drop to $23.8K. At press time, BTC was trading at $25...
Binance to Remove 102 Spot Trading Pairs and Halt OTC Services
Binance.US will delist over 100 trading pairs and suspend its OTC services following the SEC’s lawsuit against Binance. In an additional development, Binance.US, the American arm of the renowned crypt...
Lido DAO Token Price Prediction – LDO Price Estimated to Reach $2.15 By Jun 15, 2023
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation,...
Deaton Explains Why Custodia Bank Lawsuit Is More Important Than Ripple & Coinbase
Attorney Deaton says crypto businesses require banking for on and off-ramps. Pro-XRP lawyer John E. Deaton has taken to Twitter to explain why he considers Custodia Bank’s lawsuit to be the most impo...
ADA, SOL, and MATIC tanks 10% each after Robinhood Delisted, will Others Follow?
Table of contents In its Binance lawsuit, other U.S. crypto-assets take a hit Polygon’s MATIC has provided another market bloodbath as it sinks 50% The announcement stated that users of the comm...
Nigeria to tax crypto, digital assets 10% on capital gains: Experts react
On the eve of his departure from office, May 28, former President Muhammadu Buhari signed into law the Finance Act 2023. The Act introduced a series of tax reforms aimed at modernizing the country’s ...
XRP Dominance Rises to 8-Month Highs; Next Move May Result in 82% Surge to $0.89
XRP market dominance skyrockets to an 8-month high, with the asset’s next move poised to result in an 82% surge to the $0.89 level. XRP has continued to outperform the rest of the crypto market, leadi...
Cardano (ADA) Crashes 23% in a Day as Total Liquidations Near $400 Million
Cardano is taking a massive beating throughout the past few days. The cryptocurrency is down a whopping 23% in the last 24 hours alone. The majority of the altcoins are also trading well in the red, t...
Crypto Markets Slump as US Regulatory Crackdown Spooks Investors
(Bloomberg) — Smaller coins led a crypto selloff as a Securities and Exchange Commission crackdown on key digital-asset exchanges unnerved investors. Most Read from Bloomberg Tokens including So...
Top AI Tokens Plunge Over 15% Amid Regulatory Turmoil
Top Artificial Intelligence-based Coins are trading in red as the entire crypto market slumps amid the ongoing regulatory turmoil. AI crypto tokens, which have gained popularity recently, are basicall...
Bitcoin Payments Firm Strike Moves Custody In-House After Ditching Third-Party Services
Digital payments firm Strike has moved all customer bitcoin (BTC) and U.S. dollar (USD) assets to its own in-house infrastructure, according to a June 8 blog post by CEO and cofounder Jack Mallers. Ma...
MATIC Faces Risk Of Massive Selling After Being Attacked By SEC
Key Points: MATIC, after being mentioned by the SEC in the lawsuit against Binance and Coinbase, has suffered a serious drop. Robinhood’s delisting announcement also exposes the token to the risk of a...
Los Angeles Lakers Shouldn’t Bank Their Title Hopes Solely On Chris Paul
The Los Angeles Lakers should sign Chris Paul, but they need to be cautious from expecting too much … [+] of the aging point guard. (Photo by Christian Petersen/Getty Images) Getty Images The Lo...
Solo Bitcoin Miner with Modest Hash Rate Solves Block Against All Odds
A solo Bitcoin miner with a modest hash rate defies the odds. The miner successfully solves a block, grabbing attention in the crypto community. The miner accomplished the feat with an estimated hash ...
Tron shines on these fronts but is that enough to lure TRX bulls?
Tron had nearly 2.4 million active addresses as of 7 June as per Tron DAO. However, at press time, TRX was seen surrounded by the bears and didn’t show any bullish signals. Tron Community, a Twitter ...
Practical Ways Crypto AI Projects Can Help Combating Cyber security Issues And Fraud In Cryptocurrency Space
In recent years, cryptocurrencies have significantly increased in popularity, disrupting the financial industry. The quick development of the cryptocurrency industry has, however, also drawn bad actor...
Hackers Stole $1M from Prominent Accounts
11 seconds ago | 2 mins read Blockchain News Multiple Twitter accounts have been hacked by scammers. Peter Schiff’s account also fell victim to hacking. Multiple Twitter accounts belonging to key figu...
ADA, SOL, MATIC, SHIB, DOGE Drop to Shocking Lows
ADA, SOL and MATIC laid two daily red candles consecutively. Polygon (MATIC) recorded its one-year-low whereas SHIB hits a two-year-low. The cryptocurrency market declined 5% in the last 24h to its 2-...
Mt. Gox Hack Update: Russian Nationals Charged, Unveiling a Major Crypto Theft Conspiracy
The U.S. Department of Justice (DOJ) has brought charges against Russian nationals Alexey Bilyuchenko and Aleksandr Verner for their alleged roles in the notorious Mt. Gox hack of 2014, an incident th...
Cardano, Solana & Polygon in Dire Straits After Delisting, Crypto Space Heading Towards the Bottoms
Recently, the SEC charged Binance and Coinbase with violating US rules and regulations and also listed some tokens as securities. Since then, these tokens have maintained a bearish trend. Robinhood, o...
TrueUSD Now Stops Minting TUSD Through Prime Trust
Key Points: TrueUSD has temporarily stopped minting TUSD through Prime Trust pending further notice. According to previous news, crypto custody company BitGo will acquire Prime Trust, and the two part...
Scimitar Capital Likely Behind Altcoin Crash
Crypto Market News: The decision to liquidate crypto holdings by a crypto proprietary trading firm is rumored to be the reason behind the widespread drop in altcoin prices on Saturday. While the Bitco...