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Google’s New Crypto Ad Policy Might Increase Investors’ Attention towards Bitcoin ETFs
29.1.2024
Tech behemoth Google announced last month that it would enable new crypto ad policy effective January 29, 2024. As a result, the crypto community speculates that the amendment might include the recently approved Bitcoin exchange-traded funds (ETFs) promotions. Google announced at the time that...
Google Removes Apps of Binance and Other Global Crypto Exchanges in India
15.1.2024
Google has removed several prominent global crypto exchanges, including Binance and Kraken, from its Play Store in India. This move comes as a response to allegations of these exchanges operating “illegally”, with the Financial Intelligence Unit (FIU) issuing show cause notices to nine...
PYUSD’s 30-Day Surge of 72% Vaults Paypal’s Offering Into USD Stablecoin Top Ten
11.1.2024
Over the last month, the supply of Paypal’s PYUSD stablecoin has seen a substantial increase, surging by over 72% from 167.83 million to 289.43 million PYUSD. This significant growth has propelled the payment behemoth’s dollar-linked digital currency to become the tenth largest among...
Bitcoin Blockchain Sets New Record: December 2023 NFT Sales Surpass $881 Million for First Time Ever
1.1.2024
Source: Adobe/James Thew Sales of NFTs on the Bitcoin (BTC) network reached a new milestone in December 2023, surpassing $881 million for the first time ever. According data by CryptoSlam, NFT sales on the Bitcoin chain reached $881,223,753.92 last month, setting the highest single-month sales...
Sam Bankman-Fried Unlikely to Face Second Trial, Say US Prosecutors – Here’s the Latest
30.12.2023
Source: Adobe / Александр Поташев US prosecutors are reluctant to pursue a second trial in the case involving Sam Bankman-Fried, former CEO of the now-defunct crypto exchange FTX. Bankman-Fried, who was convicted last month for embezzling funds from FTX customers, seems likely to avoid further...
KyberSwap’s CEO Says Staff Strength Reduced by 50% Following Exploit and Related Challenges
27.12.2023
Source: KyberSwap KyberSwap’s CEO Victor Tran says the company has reduced its staff by 50% following a $48 million exploit last month stressing on keeping operations running and compensating all affected users with their assets. In a Dec 25 post, the CEO took to X (formerly Twitter) to explain...
Frog-Inspired Meme Token PEPE Drops to Fifth Place Amidst Dog-Centric Competition
25.12.2023
While the meme coin pepe (PEPE) has risen by 29% in the last month and boasts a significant increase since its inception, a six-month review reveals a decline of over 8% in its value. Furthermore, despite its previous standing as the third-largest meme token in terms of market capitalization, PEPE...
Stablecoin Dominance Hits Lowest Since December 2021 Despite Record Monthly Supply
21.12.2023
Source: AdobeStock The entire stablecoin market cap dominance fell to 8.07% in December, recording the lowest market share since December 2021, despite adding the largest monthly supply last month since February 2022. The total market capitalization of stablecoins rose 3.43% to $128 billion...
Here’s why investors are running to gobble Bonk (BONK) and Retik Finance (RETIK)
18.12.2023
Fresh tokens enter the market frequently, yet only a select few succeed in capturing the interest of investors and leaving a lasting impression. Among the recent standout tokens are Bonk Inu (BONK) and Retik Finance (RETIK). Bonk Inu witnessed an exceptional 1,200% surge in price over the last...
Bitcoin Bounces Back Above $43,000 After Strong US Retail Sales Data Prompts Brief Price Dip – Here’s Why BTC Could Soon Hit Fresh Yearly Highs
14.12.2023
Stronger-than-expected US November Retail Sales data released earlier on Thursday triggered a sudden near-$1,500 drop in the Bitcoin (BTC) price from just under $43,000 to around $41,500. Seemingly, the data, which showed an unexpected MoM leap in headline and core retail sales last month...
Is It Too Late to Buy Terra? LUNA Price Sees 32% Increase in 30 Days as This Latest Meme Coin Shoots Toward $3 Million
11.12.2023
LUNA price is still in an uptrend as a new meme coin gains interest. Image by naito29, Adobe Stock. As the new week started, the cryptocurrency market entered a phase of volatility and bearish trends. Most major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), are experiencing...
Miami Crew Leader Sentenced to 63 Months in Prison for Crypto and Bank Fraud
11.12.2023
Source: Department of Justice The U.S. Department of Justice (DOJ) has announced a sixty-three-month prison sentence against a Miami crew leader for using stolen identities to steal $4 million from a crypto exchange. Per a press release from the department late last month, Esteban Cabrera Da Corte...
HTX Sees $258 Million in Net Outflow Since Resuming Operations Last Month
11.12.2023
Source: YouTube / CNBC Justin Sun-linked crypto exchange HTX has seen $248 million in net outflow since resuming operations after a major security breach last month. The breach resulted in the loss of $30 million worth of crypto tokens and prompted HTX to temporarily halt withdrawals and deposits....
Tether’s Market Cap Soars by Over 35% to $90 Billion in 2023, Nearing Top 100 Global Assets
7.12.2023
Tether, the leading stablecoin by market capitalization, has seen its supply increase by 5.5% in the last month, achieving a significant market valuation of $90 billion. Since 2015, Tether’s Market Cap Has Swelled by 35,912,812% Since the dawn of 2023, tether (USDT) has experienced...
Bitcoin Taps $44,000, Surpassing Meta and Berkshire Hathaway in Market Capitalization
5.12.2023
On Tuesday, bitcoin’s price soared past the $44,000 mark, peaking at $44,011 per unit. In the last month, the leading cryptocurrency by market capitalization has seen a surge exceeding 24%, and 17% in just the past two weeks. BTC Breaks Through $44K Barrier, Reaching Peak Levels Since...
Bitcoin Transaction Fees Outpace Ethereum, DeFi TVL Surges 11% in November: Binance
5.12.2023
Source: Iryna Budanova/Adobe The digital asset market recorded an 11% uptick last month with Solana (SOL) and Chainlink becoming the top-performing assets as decentralized finance (DeFi) volumes surge, a new report shows. A recent Binance Monthly Market Insight report shows a growth in the general...
IRS Deals Devastating Blow to FTX With $24 Billion Tax Claim, Crypto Exchange Pushes Back
1.12.2023
FTX has challenged the potentially fatal tax claims levied by the IRS last month for $24 billion. Image by Michael O’Keene, Adobe Stock. According to a November 30 filing by FTX debtors, the IRS tax claims of $24 billion filed in early November are “completely unsubstantiated”...
FTX Granted Court Approval to Liquidate $744 Million Grayscale Trust Assets
30.11.2023
Bankrupt cryptocurrency exchange FTX just has received approval from a bankruptcy court to sell its stakes in digital trusts managed by Grayscale Investments, according to a bankruptcy court document filed on Friday. This move is part of FTX’s strategic efforts to repay billions owed...
Former FTX Executives Collaborate on New Dubai-Based Crypto Exchange – Here’s the Latest
13.11.2023
Image Source: Pixabay A group of former FTX executives have joined forces to establish a new crypto trading platform based in Dubai. Led by Can Sun, the former general counsel of FTX, the startup is called Trek Labs and received a license from Dubai’s crypto regulator last month, according...
‘Suspected Crypto Fraudster’ Joined South Korean President’s State Visit to Saudi
13.11.2023
Source: Maksym Kapliuk/Adobe A suspected crypto fraudster accompanied South Korean President Yoon Seok-yeol on a state visit to Saudi Arabia last month. Per iNews24, media outlets in the country have discovered that the head of an unnamed crypto firm made up part of an “economic delegation” that...