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Nifty News: Metaverse bank robberies, Trump NFT biz prefers crypto over cash, and more

17.7.2023
The Bank of America’s metaverse trains staff on resolving customer disputes or helps them relax by riding a virtual unicorn

Ethereum’s Fiery Path: $6.6 Billion Ether Burned Since the London Hard Fork

16.7.2023
Drawing upon recent data, the Ethereum network has incinerated close to 3.46 million ether, translating to a staggering $6.68 billion in value burned since the London hard fork’s implementation on August 5, 2023. Taking into account the 710-day period that followed, the Ethereum network...

Weekly NFT Sales Fall 4.33%, Bitcoin Burials NFT Fetches $1.68 Million

16.7.2023
In the world of non-fungible tokens (NFTs), the sales figures have undergone a minor setback this past week, dipping 4.33% from the previous week, pulling in a total of $148.55 million. With Ethereum standing as an exception, four of the top five blockchains known for NFT sales have witnessed...

Binance Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring

15.7.2023
Leading crypto exchange Binance has cut hundreds of jobs after a string of executive exits, according to a media report. The news, which comes as the coin trading platform marks its sixth anniversary amid increased pressure from regulators, was termed as FUD by founder Changpeng Zhao who said...

Biggest Movers: SHIB up 7% on Saturday, as DOGE Moves to 2-Month Peak

15.7.2023
Shiba inu was one of Saturday’s biggest movers, as the meme coin rose by as much as 7% to start the weekend. The global crypto market cap was mostly lower, falling by over 2% as traders began to secure recent gains. Despite this, dogecoin also rose, hitting a two-month high in today’s session....

Liquid Staking Derivatives in Ethereum Swell by 1.5 Million ETH in 2 Months

15.7.2023
Over the course of the previous 63 days, there’s been a notable 16.98% surge in the quantity of ethereum (ETH) held in liquid staking derivatives protocols, with a substantial addition of roughly 1,507,285 ETH across 23 different platforms. Data reveals that Lido Finance dominates...

Kim Dotcom-Backed Crypto Startup Bitcache Liquidated in New Zealand

15.7.2023
Bitcache, a crypto startup backed by Kim Dotcom, has been liquidated, reportedly over unpaid legal fees. Phil Creagh, an Auckland lawyer who acted as Bitcache’s director until Sept. 2020, is reported to have applied for the startup’s liquidation on May 24. Bitcache’s Unpaid Legal Fees A...

Bank of America Faces Scrutiny After Coinbase User Alleges the Bank Closed His Account Over Bitcoin Transactions

15.7.2023
Bank of America has come under scrutiny after a Coinbase user claimed that the bank closed his account over Bitcoin transactions. Coinbase CEO Brian Armstrong quickly addressed the issue, asking other users if they have encountered the same problem with Bank of America. Coinbase’s CEO Raises...

US Representative Ritchie Torres Calls for Investigation of SEC Over Prometheum’s License

14.7.2023
U.S. Rep. Ritchie Torres has called for an investigation into the special purpose broker-dealer (SPBD) license given by the U.S. Securities and Exchange Commission (SEC) to Prometheum, a cryptocurrency exchange platform. In two letters sent to U.S. Comptroller General Gene Dodaro and SEC Inspector...

Crypto lender Geist Finance shuts down permanently over Multichain hack

14.7.2023
The $29 million TVL lending platform is shutting down because its oracles are misreporting Multichain token values after the exploit

Multichain stops operations over lack of funds

14.7.2023
The Multichain team said that the team’s funds and access to servers are currently with their CEO Zhaojun who is under Chinese police custody

Congressman Torres Calls for Investigation Into SEC Over its Approach to Crypto

14.7.2023
Congressman Ritchie Torres has asked for two separate independent investigations of the U.S. Securities Exchange Commission (SEC) for its "haphazard and heavy-handed approach to digital assets."

Spot Volumes Rise on Centralized Exchanges but Traffic Falls Further, Report

14.7.2023
Spot and futures trading volumes on centralized crypto exchanges (CEXs) have increased in June, a new report shows. At the same time, website traffic to major trading platforms for digital assets continued to decline, according to the study which also tracks its geographical distribution. Spot...

XRP becomes 4th largest crypto after Ripple's partial win over SEC

14.7.2023
XRP’s market capitalization surged by more than $21 billion in just three hours

Coinbase, SEC Spar Over Definition of Securities, Nature of Staking in First Court Hearing

13.7.2023
U.S. Judge Katherine Polk Faila questioned both sides on a range of topics in a Manhattan courthouse on Thursday

Nexo in Court With a Co-Founder Over $12M in Missing Assets

13.7.2023
Nexo says its former managing partner left with a hardware wallet full of the company’s crypto

Bitcoin Price Prediction as BTC Falls 1.4% in 24 Hours – Is the Sell Off Over?

13.7.2023
Bitcoin, currently trading at $30,500, experienced a slight decline of 1.4% within the past 24 hours. However, there are promising indications that the sell-off may reach its conclusion. The cryptocurrency surpassed the minor resistance level at $30,400, suggesting a potential continuation...