Key Points: Suspected Terraform Labs address sells 110,000 CVX tokens, attracting attention. Address holds 1.68 million CVX tokens valued at $6.7 million, raising questions. Address received 1.83 mill...
Category: Tech
Live Tech News Updates.
Fed rate hikes to peak as inflation cools: Implications for Chancer
The US published weak jobs and inflation data this month. The Fed could now hike rates less times than expected. A dovish tone could be a good thing for Chancer and other cryptocurrencies. American st...
Messari CEO On Ripple vs. SEC Ruling, Acknowledges Efforts of Ripple CLO
The Ripple Vs SEC lawsuit is reaching its final stage and the final ruling is generating considerable anticipation within the crypto industry. This case is of great significance as it is expected to b...
JPMorgan Chase Loses $1.1 Billion In Massive Write-Offs Debacle
Key Points: JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley collectively write off $5 billion in Q2 as borrowers default on loans. Banks attribute multibilli...
Magic Eden Restart BRC-20 Trading Market, Fees Drop To 0.1%
Key Points: Magic Eden Marketplace announces that BRC-20 transactions are back up and running. With this return, the fee is reduced to 0.1% for new BRC-20 listings for one month. The platform has upgr...
What to expect from the first Coinbase-SEC hearing
A pre-motion hearing set to take place on July 13 between the Securities and Exchange Commission (SEC) and crypto exchange Coinbase should provide a sense of the litigation tone and its potential impa...
LayerZero Token Not Deployed, Raises Concerns of Fake Token
Key Points: CryptoKoryo shared wrong info about LayerZero Token deployment. Mislabeling on Arkham, Nansen, and Etherscan adds to doubts about token. Mention of contract risk raises questions about tok...
Dapper Labs Announces Departure Of 51 Employees In Restructuring Effort
Key Points: Dapper Labs CEO, Roham Gharegozlou, shared a letter announcing the departure of 51 colleagues and friends from the company, following a layoff of 20% of its full-time staff in February. Th...
Shibarium Utility Soars to New All-Time High in Just Two Days: Puppyscan
Yuri Molchan Testnet has smashed new utility record this week, while number of linked SHIB wallets remains same According to data provided by the Puppyscan explorer, over the past two days, a major ri...
Ripple report shows an optimistic future; does XRP follow lead?
Ripple’s new report underscores a promising future for blockchain. XRP fails to drum up enough volume to overcome short-term hurdles. There has been a growing consensus on the idea that blockchain tec...
Circle Cuts Workforce To Focus On Core Activities And Strong Balance Sheet
Key Points: Circle, the stablecoin issuer, has announced staff reductions and a focus on core business activities to improve its balance sheet. The layoffs at Circle follow similar moves by other cryp...
Litecoin (LTC) Price Analysis: Key Breakout Resistance at $98
Litecoin is consolidating losses near the $96 level against the US Dollar. LTC price is now trading below $98 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with...
South Africa demands licensing for digital asset exchanges by December
South Africa will require digital asset exchanges to be licensed by the end of the year in a move aimed at protecting investors. The country’s Financial Services Conduct Authority (FSCA) is leading th...
‘AI helps traders utilize more intuitive strategies,’ says exchange
On July 11, cryptocurrency exchange Bitget launched an artificial intelligence (AI)-powered feature for its grid trading strategies, leveraging the use of trading algorithms to automate transactions f...
JPMorgan Chase Suffers $1,100,000,000 Loss As Six US Banks Execute Massive Write-Offs: Report
The largest banks in the US are reportedly taking big hits to their bottom line as borrowers default on billions of dollars worth of loans. Citing data compiled by Bloomberg, the Financial Times says ...
Shiba Inu Eyes Explosive Surge by $500 Million in Market Cap: What’s Next for SHIB?
Gamza Khanzadaev Shiba Inu token unexpectedly grows by half a billion in market cap, let’s reveal path forward for SHIB The Shiba Inu token, SHIB, has witnessed an astounding rise in market capi...
Binance Labs Committed To Invest $15 Million In Web3 Game Publisher Xterio
Key Points: Binance Labs’ long-term strategy with web game Xterio with $15 million investment Xterio will use the funds raised to accelerate the development of Xterio-incubated games and integrate art...
Binance Labs Commits $15 Million Into Xterio Ecosystem to Expand Its Game Development Capabilities in AI and Web3
Xterio is bridging free-to-play and the digital ownership era. The new funds will support game and technology development to bring high-quality cross-platform gameplay. ZUG, Switzerland–(BUSINESS WIRE...
Google Play Now Changes Policy, Allowing Digital Assets In Apps And Games
Key Points: Google Play announces policy change allowing developers to incorporate digital assets, including NFTs, into their apps and games. Developers must disclose the presence of blockchain elemen...
XRP Surge Imminent? Price Facing Massive Squeeze
Arman Shirinyan XRP should face volatility surge quite soon, but direction remains uncertain Contents Cardano will have to decide now Investors drop Ethereum XRP is facing a crucial moment. Per the re...
Uniswap proposes fee reduction; will UNI embark on a bullish journey?
Uniswap aims to reduce fees on its platform by 99% on its V4. UNI was currently on a positive run as it added less than 1% to its value. Uniswap version 4, currently under development, holds exciting ...
CFTC case against Digitex futures exchange and CEO results in $16M court order
A United States federal court has ordered Digitex CEO Adam Todd to pay roughly $16 million in disgorgement and penalties related to a Commodity Futures Trading Commission (CFTC) case. In a June 12 ann...
token burns and game launch fuel demand
According to analysts, the ongoing presale of Golden Inu, a meme coin project, has the potential to generate a high return on investment (ROI) for crypto investors. Those who participate in the Golde...
Digitex CEO Adam Todd Ordered to Pay $16 Million in CFTC Case
A federal court in the United States has mandated that Adam Todd, the CEO of the digital asset exchange Digitex, pay almost $16 million in disgorgement and penalties. The Commodity Futures Trading Com...
Is Tron presenting a new buying opportunity?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. TRX’s H4 trend has been bullish in the past three...
What Next For PEPE Price After 15% Price Decline?
PEPE price has delivered a relatively flat performance in July so far. Where will the PEPE price head next amid growing investor pessimism? PEPE price is down 15% from July 3, dashing the hopes of bul...
Coinbase Wallet expands functionality, releases instant messaging feature
Coinbase Wallet, a self-custody cryptocurrency wallet, has revealed a direct messaging feature for users to communicate with each other directly on the platform. Before this addition, the wallet alrea...
Why TRX is at crossroads despite Tron strengthening its stablecoin support
Tron prepares for more stablecoin-related on-chain activity. TRX at crossroads as slight spillage disrupts recent rally. The Tron blockchain has no doubt been one of the fastest blockchain networks. S...
Cosmos-based Osmosis launches concentrated liquidity, lets LPs choose price
The Cosmos-based decentralized exchange Osmosis (OSMO) has launched a new “concentrated liquidity” feature, according to a July 12 announcement from the app’s developer, Osmosis Labs. The new feature ...
Fantom Foundation Reveals Next Steps
Godfrey Benjamin Fantom looks to diversify its bridge providers in wake of Multichain woes Contents Fantom Hints at probable solution Fantom’s outlook The ongoing disruption of the Multichain pr...
The IRS uses CoinMarketCap, and it’s asking the industry for other ideas
The IRS is looking to up its game in terms of ensuring crypto tax compliance, and it wants the industry’s help. The IRS’s Digital Asset Initiative Project Office (DAIPO) issued a Source Sought Notice...
ConsenSys Unveils zkEVM Rollup Network ‘Linea’
Ethereum layer-2 ecosystem is heating up with the space seeing yet another entry by ConsenSys, an already established player in the industry. ConsenSys, the firm behind MetaMask, announced the launch ...