One of the world’s largest cryptocurrency exchanges, Binance’s American counterpart, decided to put a hold on the flow of the US dollar. Users can no longer make deposits on the platform using US dollars, and it is a major setback for the parent company from China. The US regulatory body, the SEC (Securities Exchange Commission), … Read more
Crypto community left shocked as Dogecoin (DOGE) reaches an all-time-high of daily transaction volume. A whopping total of 719,894 transactions were made only on Tuesday, topping over Bitcoin (BTC) and Litecoin (LTC). Key Highlights: Dogecoin Reaches Lifetime High of Daily Volume From humble beginning as an altcoin, Dogecoin reaches transaction peak before dropping down to … Read more
Renowned cryptocurrency exchange platform from Hong Kong, HitBTC, was attacked by phishing scammers, resulting in a con worth over $15 million. SlowMist, a blockchain security firm investigated the happening to find out that the scammers are widespread and impersonating sites like Coinone and LedgerX. Key Highlights: Phishing Attacker Replicates HitBTC to Scam Users The scammers … Read more
Amidst the national crackdown of cryptocurrency exchange platforms, the two largest firms, Upbit and Bithumb get raided on allegations of fraud and money laundering. South Korean lawmaker and politician Kim Nam-kuk had involvement in these organizations prior to the raid. However, with continued strikes on his public image, the parliament member resigned from his post. … Read more
The latest update in XRP vs. SEC witnessed Chief Legal Officer, Stuart Alderoty accuse SEC of inappropriately using “common enterprise” factor to charge Ripple. The concept originated from the SEC v. W.J. Howey Co. lawsuit in 1946. Almost 77 years later, the SEC is claimed to be taking advantage of that verdict to wrap legal … Read more
Sam Altman (the OpenAI CEO) is in preliminary negotiations with Worldcoin to acquire $100 million in investment. The goal of this project is to establish a coin that is internationally dispersed and cooperatively owned. Key Highlights Worldcoin’s goal is to enable Biometric Verification Alex Blania, Altman, and Max Novendstern co-founded Worldcoin, with development on the … Read more
Elon Musk is a well-known crypto market influencer or, as some prefer to call him, a market operator. Musk is well-known in the crypto community as a DOGE advocate. However, his focus appears to have turned to an NFT. In an unexpected action, the billionaire entrepreneur published a photo of a Milady NFT on his … Read more
In the wake of Musk’s resignation as Twitter CEO, a mysterious Dogecoin ($DOGE) Whale has transferred over 13 million tokens of the meme-inspired cryptocurrency in a series of transactions. Key Highlights Elon Musk and Dogecoin have a history of working together. Dogecoin is a cryptocurrency created in 2013 as a joke but has since gained … Read more
The supply of Ethereum reaches an all-time low of 117.65 million, down from 120.26 million, a -2.18% change. The price of ETH on cryptocurrency exchanges reflects the situation, as, in the past week, the value has increased from $1,945 to $1,744. Currently valued at $1,805, the prices are on an upward slope, and speculation arises … Read more
On May 13, one of the largest crypto firms, Binance, announced its exit from Canada after finding new regulations “untenable.” Similar to U.S. regulatory bodies, the Ontario Securities Commission spoke out about strict regulations on digital assets like cryptocurrency. Key Highlights New Regulations Cause Havoc for Crypto Firms After a continued act of cryptocurrency hunting … Read more