Things seem to be getting worse for the so-called ‘Ethereum Killer’, as data from CoinGecko showed that Solana lost another 17% within a 24-hour duration, extending previous declines. Due to these continuous declines, the coin of the layer-1 blockchain platform has dropped out of the top 20 crypto in the market according to their market…
Court documents show that the federal court in the Southern District of New York will arraign Sam Bankman-Fried on January, 3rd, 2023. Reports indicate that the disgraced crypto entrepreneur is planning on entering a plea in front of US Judge Lewis Kaplan in his fraud case in Manhattan. A no-nonsense judge Judge Ronnie Abrams had…
Just a few days back, Defrost Finance, one of the prominent trading platforms in the decentralized finance industry, faced a major exploit. As a result of the exploit, the company ended up losing $12 million, which was a huge loss for the company. The exploit took place a few days prior to Christmas. It has…
Global Crypto Economy Shrinkage Up To $1.5 Trillion About a year ago now, the crypto economy could easily be evaluated at a whooping value of $2.334 Trillion. However, from 20th December 2021 till 20th December 2022, the economy lost roughly $1.5 Trillion. Today, the global crypto economy is resting at a value which is less…
Last week crypto market slid and resultantly Bitcoin lost entire gains and above all its value declined. It is expected that the price may decline further because there is a negative impact stemming from the global outlook. Global Market Conditions Worsening Bitcoin’s value decline came when central bank officials made statements of continuing strict economic…
The criminal trial of disgraced crypto entrepreneur Sam Bankman-Fried has not begun as yet and it has already become quite a sensation. US District Judge Ronnie Abrams had originally been assigned to oversee the case, but she recused herself from it, citing a conflict of interest. This meant that another judge had to be assigned….
According to reports, a Ukrainian man living in the United States has managed to infiltrate the Russian dark web by hacking a prominent drug market and diverting some of its crypto funds. The man said that the digital cash that he stole from the illicit website has been donated to an organization providing humanitarian aid…
Interior Ministry Granted Access to Crypto Data MVD which is the Russian Federal Ministry of Interior has been provided with access to the ‘Personal Account of a Law Enforcement Agency’. The portal is a ‘digital platform’ of the Ministry that has been authorized to access for fetching information of crypto wallet holders. Local news agency…
Russian Safeguards for Crypto Companies Since the beginning of the war between Russia and Ukraine, the West has been active in placing several sanctions on Russia. On one hand, sanctions have limited Russia’s representation at a global level while on the other seriously affected its economy. The aim of sanctions is to weaken Russia’s financial…
Against all odds, and contrary to what the majority predicted, the crypto industry continues to slowly move upward while keeping intact recent-past gains. Momentum seems to be prolonging in crypto markets which is ultimately keeping intact the bullish sentiment. Slow but Steady Bitcoin Moving Upward On Wednesday, 14th December, the trading day ended at a…
FTX Infection Paves Way for Criticism against Binance After FTX was forced to face bankruptcy proceedings, Binance has been overwhelmed with a number of uncertainties, doubts, and unnecessary speculation. Peculiarities are stemming out of FTX’s downfall which subsequently paved way for rumors that Binance also is under investigation by US regulators. Reuters’ 12th December publication…
Multi-Purpose Utility Token YES WORLD, which is widely known as a weather technician startup on the blockchain, successfully achieved a crucial milestone. Milestone accomplishment was duly noted in the press release which revealed that the project executed record-breaking transactions of YES WORLD Token namely $YES. The official press release of YES WORLD suggested that approximately…
User Restrictions Bybit, a globally renowned crypto trading platform, has recently overhauled its policies, particularly with regard to catering to global policies such as KYC. In this connection, Bybit made several changes in its policy concerning users, their access, and rights. The amendments made in Bybit policies show that some restrictions have been put in…
After the demise of the FTX, the third biggest cryptocurrency exchange, Binance adopted strict regulatory provisions to govern the investors. Moreover, the top management of Binance also exercises zero-tolerance behavior towards the accounts involved in illegal, unethical, and misleading trading activities. As a result of this current tilt in the policy Binance, the world’s biggest…
In the past couple of days, the trading prices of two tokens issued by the BNB Chain seem to be performing well. Their performance is somewhat better than the rest of the major cryptocurrencies. Nowadays, it is only a matter of luck for any cryptocurrency to experience a boost in its value. Even the likes…
ConsenSys, the parent company of a major cryptocurrency wallet provider, MetaMask, has made an announcement about its latest partnership. ConsenSys has announced that they have formed a partnership with PayPal, a major online payment services provider. PayPal has also entered the crypto industry allowing users to buy and sell crypto. However, PayPal does not provide…
As recorded on December 10, the trading price of XRP was hovering within two particular ranges. On the lower end, the value of XRP was at $0.386 and on the higher end, it was reportedly at $0.390 per XRP. The data showed that with a valuation of $19.60 billion, XRP ranked as the seventh-largest cryptocurrency…
Amber Group, a Temasek-based crypto protocol in recent fundraising bags the sum of $50 million from a newly found investment fund. The deal is likely to be announced early in January. A Crypto trading platform that was struggling to continue its operations has announced that despite securing the $ 50 million, we are unable to…
LTC Value Decrease 8th December 2022’s trading sessions came hard at Litecoin (LTC) as the coin failed in showing resistance in the three sessions. Resultantly, LTC’s value kept declining throughout Thursday’s sessions and fell as low as $74.82. Value decline was rather surprising as a day earlier LTC managed to raise its value above a…
Coinbase, a cryptocurrency exchange based in the United States seems to have decided to change its stance towards Tether (USDT). The exchange is communicating to its users that USDT is no longer a reliable stablecoin. Instead, the users must switch to a different stablecoin, asking them to go for USD Coin (USDC). Coinbase Asks Users…
