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Court ends frivolous Tether-Bitfinex suit, No appeal
16.11.2023
The US District Court for the Southern District of New York recently had Judge Laura Taylor Swain rule on a class action suit against the Tether and Bitfinex firms’ alleged wrongdoings. The court ruled that despite considering the matter carefully, there was no evidence to support Shawn Dolifka’s...
CBDCs have the potential to ‘replace cash,’ says IMF Director
16.11.2023
Kristalina Georgieva, the managing director of IMF, recently stated that CBDCs can replace cash. The director asked central banks to focus on the benefits of these digital currencies. Georgieva talked about Central Bank Digital Currencies at the Singapore FinTech Festival. The director advised...
Is Cardano still the leader in crypto development activity?
16.11.2023
Cardano is one of the most famous cryptocurrencies introduced in 2017. Its development was done through rigorous research and development involving experts, which set it apart from other digital coins. The uniqueness of Cardano’s proof-of-stake consensus mechanism and its advanced technology...
Foresight Ventures Acquires Majority Stake in The Block
14.11.2023
Foresight Ventures, a Singaporean Web3 VC firm, has announced it acquired a majority stake in The Block, a cryptocurrency-focused news outlet. The deal, which values The Block at around $70 million, will allow the news platform to purchase the stake belonging to former CEO Mike McCaffrey, who...
Are Meme Coins the Future of Cryptocurrency Investment, or a Risky Gamble?
10.11.2023
Honestly, there is no defined explanation for the term Meme coins; they are basically derived from the Memes that are viral on social media these days. It is a well-known fact that meme coins do not have any major use cases, and they just trend on the basis of viral news on the internet. So, …
Crypto climax: The race among top coins to achieve ATH in 2023
10.11.2023
Amidst the upheaval that surrounded cryptocurrencies, every conceivable token has since moved on. Bitcoin is leading the charge with a value of more than $35k now, and ETH is dancing above $1,700 pretty safely. It would be right to state that the case is with nearly all the digital tokens that...
What lessons can crypto investors learn from the biggest scams of 2023?
10.11.2023
You probably learned about the safety of the blockchain ecosystem. All cryptocurrencies are based on a decentralized blockchain ecosystem. Still, it has been facing thousands of spam eroding trillions of dollars in the market. Most of them go unnoticed due to infrastructural issues, but today,...
TRON partners with Pundi X to foster crypto adoption
9.11.2023
TRON, an internationally acclaimed company in the blockchain arena, has formed an association with Pundi X. This company offers blockchain-oriented point-of-sale (POS) services. The highlight of this association is the incorporation of PundiX’s XPOS platform with the TRON network. This was made...
Why is Elon Musk firmly against creating crypto tokens for his companies?
8.11.2023
Who does not know the name ‘Elon Musk’ and his influence in the crypto space? He was one of the whales in driving the price up for BTC and DOGE during the 2020 crisis. Other than the crypto world, he is known for his electric cars at Tesla and rocket launches at SpaceX. Many crypto …
Coinbase to delist Bitcoin SV in early 2024
7.11.2023
Coinbase could delist Bitcoin SV in the early days of 2024. A tentative date for users to withdraw their funds is January 9, 2024. There is a chance that Coinbase is 100 percent sure of taking the token off the platform, considering it has done so with the Bitcoin spin-off BSV in 2021. That...
ZEN USD (ZUSD) stablecoin launches on Horizen EON Network
7.11.2023
Stably recently announced the launch of its ZEN USD stablecoin on the Horizen EON network. The integration will allow ZUSD to access massive scalability. Stably, an up-and-coming provider of financial technology is committed to fueling the growth of the Web3 community. That is why it...
Floki’s Tokenfi: The multichain marvel shaking the market!
6.11.2023
TokenFi, a new phenomenon in the crypto universe, was born on October 27th as an essential element of the Floki family. Within no time, it secured its position on two major decentralized platforms: This makes it convenient for traders interested in trading crypto from uni swap, and pancake swaps...
Sam Bankman-Fried is convicted of fraud and conspiracy
3.11.2023
Sam Bankman-Fried, the former Chief Executive of FTX, was arrested in December over charges of fraud and conspiracy for misleading his investors and lenders while directing funds to a different route. In October, the trial began and went on for 5 weeks. Twelve New Yorkers have delivered a unanimous...
SNB and CBDC to launch a pilot project for financial institutions
2.11.2023
SNB, an acronym for Swiss National Bank, has announced the launching of a pilot project with CBDC, which is Central Bank Digital Currency. It will run from December 2023 to June 2024 in association with six financial institutions. The pilot project has been tagged as Helvetia Phase III and will...
EMURGO Group collaborates with Cactus Custody
2.11.2023
EMURGO Group, an international blockchain technology firm, has forged a calculated association with Cactus Custody, Matrixport’s institutional custodian. The EMURGO Group, on the other hand, provides products and services to increase Web3’s adoption of the Cardano blockchain. EMURGO...
SEC charges SafeMoon with fraud and unlicensed crypto securities
2.11.2023
SafeMoon’s CEO, John Karony, and CTO, Thomas Smith, have been accused by the SEC of participating in a massive fraudulent operation involving the unregistered sale of the crypto asset security SafeMoon. SafeMoon’s founder, Kyle Nagy, has also been named in the SEC’s legal...
Top Meme Coins to Buy in November 2023
2.11.2023
Have you heard about meme coins? They are a distinct type of coins in the cryptocurrency space that draws their popularity from social media internet memes and entices investors for quick profits. These digital assets take inspiration from online memes or humorous concepts, building their...
Crypto memes sweep the internet after the Bitcoin ETF craze
30.10.2023
The recent Bitcoin ETF frenzy has proved once again how quickly the crypto market can turn. From breaking records of market stability to scoring 30% growth in a day, the crypto domain did a 180° after the recent Bitcoin ETF frenzy. As soon as news surrounding Bitcoin ETF approval surfaced,...
BABY DOGE joins hands with Amino Rewards
30.10.2023
BabyDoge will ultimately become scarce, given that this is how it was intended to function. In other words, the supply will decrease, and the price may rise in the blink of an eye. Probably the same circumstances have enabled a partnership between BABY DOGE and Amino Rewards. The reward network...
NEAR publishes its performance report for Q3-2023
30.10.2023
NEAR has published its performance report for the third quarter of 2023. It reports that there has been an increase in daily active addresses from 60,000 to 260,000. This is a jump of 350% on a quarter-to-quarter basis. The growth has been credited to the launch of KAIKAINOW. It has further...