San Francisco-based crypto payments firm, Wyre, has recently announced its decision to shut down after nearly a decade in business. The company cites the challenging conditions of the crypto bear market as the primary reason for winding down its operations. This move has sent shockwaves through the industry, highlighting the impact of market volatility on … Read more
Wrapped Luna Classic (WLUNC) began at the hands of Do Kwon, a South Korean developer and Daniel Shin, who also built Terra, a blockchain network. The organization Terraform Labs developed Terra and raised close to $30 million from investors worldwide. Binance, Polychain Capital, and Arrington XRP Capital are some of those. Launched in 2018, $LUNA … Read more
Saitama Inu (SAITAMA) stepped into the cryptoverse on May 31, 2021, with a group including the present CEO, Russell Armand. The Saitama crypto token was built for its native platform, which focuses on educating Gen Z with financial learning. You can find wealth-building ideas on the platform and make your finances decentralized as well. Overall, if … Read more
US Federal prosecutors agreed to withdraw new charges against FTX CEO Sam Bankman-Fried on Wednesday. Among the total 13 criminal charges, 5 were said to be withdrawn for the October trial. However, the prosecutors are going to consider these new charges in early 2024. New Accusations Post Extradition from Bahamas In a recent court filing … Read more
XY Labs launched XY Oracle Network back in 2017 with the support of its parent company, XY Findables. The founders, Arie Trouw, Scott Scheper, and Markus Levin, started the XYO Network protocol for validating geospatial data for blockchain-based transactions. This network is fueled by the XYO crypto token, which helps the network run without relying … Read more
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
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
After 15 years of dominating the cryptocurrency exchange, Bitcoin made 16.25% growth over the past year and in early September of 2023, it was trading for $25,937.78. Is BTC a good investment in 2023 and beyond? Keep reading to find out as we discuss technical analysis and Bitcoin price prediction for 2023, 2025, 2030, 2040, … Read more
Binance denies rumors about Changpeng Zhao (CEO of Binance) and information about ties with the Chinese Communist Party (CCP) claimed as false news by ChatGPT. The parties involved in this are yet to be identified, and speculations around organized smear campaigns are on the rise. According to Fortune’s report, artificial intelligence (AI) tools like ChatGPT are … Read more