Bitcoin prices over the last seven days have been random, defying previous trading patterns. This has resulted in uncertainty trailing the coin. However, new evidence points to the coin experiencing m...
Tag: crypto news
Crypto-Friendly 401(K) Provider Sues U.S. Labor Department for Customer Rights Infringement
San Francisco-based crypto-friendly retirement plan provider ForUsAll Inc. has filed a lawsuit against the United States Department of Labor (DOL) seeking to invalidate the department’s guidance on cr...
What Are Soulbound Tokens (SBTs)? The Next Big Thing in Crypto?
Soulbound tokens (SBTs) are blockchain-based tokens that are non-transferable and can be publicly visible. Such tokens can represent credentials such as your educational certificate, birth certificate...
Japan Defines Stablecoins as Digital Money in New Bill
Japan is a step closer to regulating stablecoins as the country passes a new bill defining the status of such assets, Bloomberg reported Friday. This comes shortly after the recent TerraUSD (UST) cras...
Former OpenSea Employee Officially Charged for NFT Insider Trading
The United States Department of Justice (DOJ) has charged Nathaniel Chastain, a former employee at NFT marketplace OpenSea, for wire fraud and money laundering involving insider trading in non-fungibl...
Move-to-Earn App Upgrades Cheat System to Stop Bad Actors
Solana-based move-to-earn project STEPN has released an artificial intelligence (AI) anti-cheating system to prevent bad actors from exploiting its platform. STEPN Launches Anti-Cheating System In a ...
Crypto-Mining Malware Steals $1.7 Million From Transaction Hijacking
Analysts from the Broadcom-owned cybersecurity company Symantec have identified a new cryptocurrency mining malware called Clipminer that stole nearly $2 million by hijacking crypto transactions, Blee...
White House Working on Policy to Lower Bitcoin Energy Use
The White House is working on policy recommendations to control Bitcoin energy consumption and carbon footprints in the United States, Bloomberg Law reported Thursday. The move comes after a series of...
Cardano Hits $42.5M in Monthly Transactions, On-Chain Analysis Reveals
Despite the bearish trends in the crypto market, transactions on Cardano went up by 7.74% in May, reaching a total of $42.5 million, a recent on-chain analysis revealed. Cardano On-chain Activities U...
Blockchain Firm InfStones Nears Unicorn Status After Raising $66 Million
Blockchain infrastructure provider InfStones announced on Wednesday it has raised $66 million in a just-concluded funding round led by SoftBank Vision Fund 2 and GGV Capital. Other investors in the mo...
Binance Labs Launches $500M Fund Focused on Web3 Opportunities
Binance Labs, the investment arm of the leading global cryptocurrency exchange Binance, announced Wednesday that it has launched a $500 million fund to bolster web3 and blockchain ecosystems. The $50...
Is Solana Down? Network Suffers Fresh Downtime Amid Market Decline
The Solana mainnet has suffered a major outage in the hours leading up to press time. The outage was attributed to a bug that caused Solana node operators to start “generating different results for th...
KuCoin Exchange Announces KuCoin Wallet as a Holistic Web-3.0 Access Instrument
KuCoin – a leading global cryptocurrency exchange platform, launched its latest product – KuCoin Wallet. The decentralized digital asset storage application will be launched in late June, with its off...
Crypto Deals Boost NBA Sponsorship Revenue to $1.6B for 2021/2022 Season
Crypto deals helped the National Basketball Association (NBA) to reach an all-time high revenue of $1.6 billion in sponsorships for the 2021/2022 season, CNBC reported Wednesday. NBA Revenue Hits ATH ...
South Korea Plans to Establish Crypto Regulatory Policies to Prevent Another Terra-like Crash
A week after South Korea’s Financial Services Commission (FSC) called for a global alliance to work together to scrutinize cryptocurrencies, the country said it plans to set up regulatory policies for...
What Is a Crypto Airdrop? How to Milk and Get Rich From It
A cryptocurrency airdrop is a process through which new or existing projects send out portions of their coins/tokens to the wallet addresses of many users who qualify to receive them. Some projects re...
Bangkok Police Arrests Six Men for Cryptocurrency Scam
The Nation Thailand on Tuesday disclosed that the Police Cyber Taskforce (PCT) of Bangkok has arrested six Taiwanese men for allegedly engaging in cryptocurrency fraud. According to the report, the s...
The Commission Says it Cannot Admit or Deny If Bill Hinman is Actually in the Video
As the long-running legal war between the United States Securities and Exchange Commission (SEC) and Ripple continues, we regularly get new portions of Ripple news. The Commission said it could not co...
Singapore to Explore Digital Asset Use Cases in New Pilot Program
The Monetary Authority of Singapore (MAS) announced Tuesday the launch of a pilot program dubbed “Project Guardian” to explore use cases for digital assets in asset tokenization and decentralized fina...
Crypto Startup Merge Raises $9.5M to Develop Its API Payments Platform
London-based crypto payments infrastructure provider Merge announced Monday it has raised $9.5 million in a seed funding round led by investment management company Octopus Ventures. Other investors in...
Ethereum Merge Test on Ropsten Successful, as Mainnet Inches Closer
Ethereum developers have recorded another milestone on the path to switching the network to a proof-of-stake (PoS) consensus mechanism. On Monday, developers successfully deployed the new Ethereum bea...
Binance Becomes a Registered Entity in Italy Amid Europe Expansion Plans
The world’s largest crypto exchange by trading volume, Binance, has received approval from Italian regulator Organismo Agenti E Mediatori (OAM) to operate as a virtual asset service provider in the co...
Terra Luna 2.0 Launches; Price Fails to Impress (Down 70%)
A few weeks after Terra’s blockchain fiasco that saw TerraUSD (UST) lose its peg to the U.S. dollar and its sister token, LUNA crashing, the team behind the project has now launched a new Terra networ...
Rapper Drake Gifts Fans $1M in Bitcoin During Livestream
Popular Canadian rapper Drake gifted his fans $1 million in BTC during a live session held in partnership with Stake.com. The award-winning artist made the kind gesture after winning over $18 million ...
Binance Acquires Highly-Coveted “Category 4” License in Bahrain
Two months after Binance received an operational license as a crypto-asset service provider from the Central Bank of Bahrain (CBB), the cryptocurrency exchange has also obtained the highly-coveted “Ca...
Centralized vs. Decentralized Crypto Exchanges (Pros & Cons)
Centralized crypto exchanges are platforms that allow users to buy and sell cryptocurrencies within an infrastructure managed by the exchange company. On the other hand, decentralized exchanges allow ...
Bitcoin is due for Notable Price Increase as Nasdaq Picks up Momentum
The previous intraweek session marked Bitcoin eighth week of consistent downtrends. Most traders and analysts are fearful of a greater decrease over the next seven days. However, there are several ind...
Why is STEPN (GMT) Dumping? Move-to-Earn App Bans China Users
The price of STEPN (GMT) has dropped by near 40% following news that the Solana-based Move-to-Earn application will ban users from mainland China. According to a Thursday Twitter post, the ban was imp...
Binance, Huobi and Other Crypto Exchanges Will Support Terra’s Hard Fork on May 27
Two weeks after controversial Do Kwon revealed plans to revive the Terra ecosystem by building a new protocol known as Terra 2.0, about 65% of the Terra community has agreed to the proposal. How it St...
Tether Launches Stablecoin Pegged to the Mexican Peso
Tether, the issuer of USDT, the world’s largest stablecoin by market cap, has launched a new stablecoin pegged to the value of the Mexican peso, the company announced Thursday. Tether Launches Its Fo...