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Russian Ministry of Finance Proposes Exporting Cryptocurrencies as a Commodity, akin to Natural Gas
14.12.2023
Source: Pixabay The Russian Ministry of Finance has presented the idea of exporting cryptocurrencies as a product of mining activities. The move is intended to position digital currencies on an equal footing with traditional exports, such as natural gas, potentially reshaping the landscape of...
Cardano Foundation Launches Identity Wallet For Seamless Interaction With DApps
13.12.2023
Source: AdobeStock / RareStock Swiss-based Cardano Foundation, the non-profit organization created to promote the Cardano blockchain ecosystem, is introducing a new digital Identity Wallet. The new product is compatible with the World Wide Web Consortium (W3C), an international standards...
SBF’s Lawyer Says FTX Co-founder Was Worst Person Ever Under Cross-Examination + More News
13.12.2023
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: SBF’s Lawyer Says FTX Co-founder Was Worst Person Ever Under Cross-Examination Bitfinex Analyst: Fed’s Rate Hike Pause May Be Seen...
Nasdaq to Utilize Technology Developed for Cryptocurrency to Power Carbon Markets
13.12.2023
Source: AdobeStock / JHVEPhoto Nasdaq is set to leverage the technology it developed for its cryptocurrency venture to expand into emerging markets. The renowned stock exchange operator, which recently abandoned its plans to launch a custodian business for digital assets in the United States, aims...
Insomniac Games Held for Ransom: Hackers Demand Over $2M in Bitcoin
13.12.2023
Source: Insomniac Games / Twitter The infamous Rhysida hacker group has attacked Insomniac Games, allegedly asking for 50 BTC in ransom. Insomniac Games is an American, California-based video game developer and part of PlayStation Studios. The latter is a division of Sony Interactive Entertainment....
LatAm Embraces Wider Stablecoin Adoption: Circle Report
13.12.2023
Source: Getty Images Fintech firms in Latin America are rapidly embracing digital finance solutions, fueled by an increase in crypto adoption among citizens. In a recent report, USDC issuer Circle revealed that citizens of LatAm countries received $562 billion in digital currency value between 2021...
Solana Price Prediction as SOL Dips 6.5% to $66 – Can SOL Regain Its All-Time High?
13.12.2023
Source: Dall•E 3 The Solana price has dipped by 6.5% today, as traders take profits following a bullish couple of weeks for the altcoin. At $66, SOL remains up by only a modest 0.5% in the past week, yet it has still risen by 7% in a fortnight and by 12% in a month. And […]
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Crypto Mogul Novogratz Chooses Phillips Over Biden for Political Support
13.12.2023
Source: a video screenshot, Bloomberg Television / YouTube Mike Novogratz, a prominent investor in the cryptocurrency space and a long-time supporter of Joe Biden, is set to fundraise for Representative Dean Phillips, a Democratic primary challenger to the president. Novogratz, the CEO of Galaxy...
Cardano Price Prediction as Daily Trading Volume Surges to $1 Billion – Are Whales Accumulating?
13.12.2023
Source: Dall•E 3 The Cardano price has dropped by 3% in the past 24 hours, falling to $0.568470 as the crypto market as a whole also suffers a 3% loss today. Despite the selloff, ADA remains up by 32% in the past week and by 50% in the last 30 days, with the altcoin having […]
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Stablecoin Tether Receives ‘Constrained’ Rating from S&P Global
13.12.2023
Source: AdobeStock American credit ratings firm S&P Global Inc. said it has started assessing the ability of Tether (USDT) to maintain its peg to the U.S. dollar marking it at a ‘constrained’ rating of 4. Stablecoins are a cryptocurrency whose value is usually pegged to a fiat currency...
US Seizes Half a Million Dollars in Digital Currency Linked to Chinese Man Involved in Crypto Fraud
13.12.2023
Source: Pexels The United States has seized digital currency valued at approximately half a million dollars from an account registered to a Chinese individual who was implicated in a crypto-investment fraud scheme. The scam, commonly referred to as “pig butchering,” involves...
OKX DEX Exploited: Wallets Authorized to the Exchange Lost Approximately $370,000
13.12.2023
Image Source: Adobe OKX DEX, a decentralized exchange and cross-chain bridge aggregator, has been exploited, with some wallets authorized to the platform losing around $400,000. According to analysis conducted by blockchain security firm SlowMist, the issue revolves around the authorization...
Will Elon Musk’s Cyber Truck Accept Dogecoin (DOGE) And This New Altcoin?
13.12.2023
The crypto market has attracted several celebrities, and high-profile figures due to its eye-popping profitability and unique usabilities. Tech billionaire Elon Musk is one of the most ardent supporters of cryptocurrencies, especially Dogecoin (DOGE). But a new cryptocurrency has entered the arena...
BNB Chain’s New Roadmap Prioritizes Blockchain Adoption, Web2 and AI Support
12.12.2023
Source: AdobeStock / akif BNB Chain has unveiled the roadmap for the Greenfield decentralized storage network targeting web2 and web3 integrations and better innovation to drive blockchain adoption. In a Dec 12 statement, the company highlighted key areas of Greenfield’s development roadmap...
Skybridge Capital’s Crypto Investments Rise by 130%, Says Founder Anthony Scaramucci
12.12.2023
Image Source: CNBC Investment firm Skybridge Capital has reported an increase of 130% in its cryptocurrency investments courtesy of the recent surge in prices. Anthony Scaramucci, the company’s founder, shared the impressive returns in a recent interview with Bloomberg, while acknowledging...
LFNTY Coin is Up 150x in 24 Hours and Crypto Experts Say This Bitcoin ETF Token is Next
12.12.2023
Source: Dall•E 3 LFNTY Coin has gained by 20,000% in the past 24 hours, with the altcoin currently trading at $1.6521 on the Solana-based Orca decentralized exchange. It listed on Orca only yesterday, trading against USDC and opening at a price of $0.005964. The coin’s fundamentals, based...
Is Terra Luna Classic Going to Zero? LUNC Price Dumps 11% as New Mining Protocol Secures $5.1 Million
12.12.2023
The LUNC price has remained flat in the past 24 hours, with the altcoin struggling to recover after dumping by as much as 11% in the last couple of days.At $0.00018135, LUNC has fallen by 23% in a week, although it has actually risen by 92% in a fortnight and by 109% in a month. […]
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Coinbase Crypto Wallet Offers “Simple Mode” for Improved UX: CEO Armstrong
12.12.2023
Source: Adobe Brian Armstrong, the CEO of Coinbase crypto exchange, has explained that the wallet modifications, launched last week, focus on payments. On December 5, Coinbase announced enhanced features on its wallet app in a move to facilitate seamless money transfers. The update aims to simplify...
FTX Debtors Challenge IRS Over Whopping $24 Billion Tax Claim
12.12.2023
Source: Adobe / Александр Поташев Debtors of FTX have raised concerns over the Internal Revenue Service’s (IRS) claim of $24 billion in taxes, warning that it could impede the return of customer funds. In a filing submitted on Sunday, the debtors argued that their earnings were nowhere near...
Large Transactions and Tokenization Drive AVAX Growth Above 82% in Seven Days
12.12.2023
Source / Sam Cooling x ArtificialArtist The cryptocurrency market continues to experience rapid price surges and slight corrections in recent weeks setting the tone for more decentralized finance (DeFi) transactions as the market rebounds. Among altcoins, Avalanche (AVAX) maintains its bullish...