Trending News of CryptoCurrency
Three Cryptos That Will Ensure A Prosperous New Year: Big Eyes Coin, Polygon, And Ethereum
Crypto aficionados anticipate the New Year with the belief that 2023 will be an improvement over 2022. 2022 may have had its share of prosperous moments, but altogether it was…
Ethereum Price Muted, Bulls Eye Upside Break
In comparison to the US Dollar, Ethereum's price is now stabilizing below the $1,230 barrier level. If the price of ETH is able to break through the resistance levels between…
OpenSea Users Are Threatened By A New NFT Private Auction Scam
The private auction feature is being used by phishing sites to trick users into giving up their NFTs without realizing it.
Nonfungible Tokens (NFTs) have grown in popularity, which has increased…
Crypto Investing In 2023: What You Need To Know
Should investors consider investing in cryptocurrency in 2023, despite a difficult year?
2022 was a bad year for cryptocurrency and nonfungible token (NFT) investors. Bitcoin BTC $16,850 reached its yearly low…
4 “Emerging Narratives” To Keep An Eye Out For In Crypto: Trading Firm
The crypto trading firm sees NFTs becoming more intertwined with brand IP, while Web3 apps with "real world utility" gain traction.
Despite an eventful year fraught with crypto collapses and price…
Brazilian President Bolsonaro Signs Crypto Regulations
On Thursday, Brazil's President Jair Bolsonaro signed a crypto regulatory bill recently passed by the country's Chamber of Deputies and Senate. The bill forbids the use of cryptocurrencies such as…
Crypto Twitter Confused by SBF’s $250M Bail and Luxury Return
The crypto community has raised numerous concerns about how FTX's former CEO was able to secure bail and the terms of the bail.
Crypto Twitter appears to be upset with Sam…
Crypto Market Volatility May Reignite With Whales Accumulating Bitcoins
In the midst of ongoing macroeconomic instability and concerns of FTX contagion, the cryptocurrency market has recently been stable, with bitcoin stuck in a tight range of $16,000 to $18,000.
As…
Ripple CEO Compares Wells Fargo Billions To FTX Collapse
FTX Drama's:
Another billion-dollar fine was paid by one of the largest American banks for mistreating its clients.
In the midst of the FTX drama's hot news cycle, Ripple CEO Brad Garlinghouse…
BTC Price Dips Below $16.7K as US GDP Meets New BTC Price ‘Death Cross’
Bitcoin May Encounter A Brand-New "Death Cross"
According to Blockchain Gossips Markets Pro and TradingView data, BTC/USD on Bitstamp fell to intraday lows of $16,650.
The S&P 500 opened lower by 1.6%,…
MyConstant’s Crypto-Lending Services Are Halted By California Officials
Cryptocurrency Lending:
In July, the California DFPI issued a warning that it will be cracking down on companies offering cryptocurrency interest accounts in the state.
Due to potential violations of state securities…
Big Eyes Coin, Chainlink, And Chromia Improve Defi Market Hype
DeFi Market:
The most recent meme token, Big Eyes Coin (BIG), is giving the cryptocurrency community a lot more than just amusement and enjoyment.
Users frequently mention crypto initiatives; however, when those…
Senator Toomey offers Stablecoin Legislation As Congress Adjourns
Payment Stablecoins:
A few weeks remained in the 117th U.S. legislative session when the soon-to-retire senator introduced the new stablecoin legislation.
In his final few weeks in office, Republican Senator Pat Toomey,…
Peer-To-Peer Crypto-Market Paxful Bans ETH
Ethereum Network's Transformation:
Youssef asserted that because ETH switched to a proof-of-stake validation process, it has essentially turned into a digital version of money.
The removal of ether (ETH) from the marketplace…
British Columbia Will Stop New Crypto Miner Power Connections
Suspended Bitcoin Mining Operations:
British Columbia has suspended bitcoin mining operations due to a priority on sustainable energy and the development of jobs.
In the Canadian province of British Columbia, a state-owned…
Next Financial Disaster Will Be Caused By Cryptos: Shaktikanta Das
Financial Disaster:
According to Reserve Bank of India Governor Shaktikanta Das, private cryptocurrencies will be to blame for the upcoming financial crisis. Governor Das asserted that those private cryptocurrencies pose risks…
Waves Founder Launches New StableCoin As USDN Depegs
New Stablecoin:
Waves CEO and founder Sasha Ivanov announced that his new stablecoin would be "undepeggable" days after USDN lost its peg with the US dollar.
In light of the continued problems…
UK Investment Manager Exemption Includes Crypto Investments
Designated Crypto Assets:
The proposal should make it easier for British funds that work with international investors to include digital assets in their portfolios.
From the tax year 2022 to 2023 onward,…
Gemini Creditor Committee Presents Liquidity Plan
Liquidity Issues:
By the end of the week, the creditor committee anticipates hearing from Genesis and DCG.
According to Gemini co-founder Cameron Winklevoss in a tweet, a creditor committee that includes Gemini…
Superhero Merges With Swyftx Despite Regulatory Scrutiny
Superhero And Swyftx:
Users of Superhero were reassured that their money was secure and that neither their assets nor personal information had been given to Swyftx.
The $1.5 billion merger of online…
Trump’s NFTs Tank, NBA Star’s Collection Sells In 77 Seconds, And More…
A Magic Eden executive states that NFT gaming is comparable to the early days of mobile gaming. At the same time, a Dune Analytics analyst asserts that 58% of NFT…
How To Avoid Crypto ‘Ice Phishing’ — CertiK
Ice Phishing Scams:
According to the company, the scam known as "ice phishing" only occurs on Web3 and poses a "serious threat" to the cryptocurrency ecosystem.
The blockchain security firm CertiK has…
BlockFi Moves To Refund Frozen Crypto To Users
BlockFi Moves:
BlockFi, a cryptocurrency lender, has requested a U.S. Bankruptcy Court to allow users to receive their BlockFi Wallets' cryptocurrency back.
BlockFi, a defunct cryptocurrency lending platform, has submitted a motion…
Gate.io Has Local Licenses For US Services
FinCEN License:
Before its local launch, Gate U.S. said it obtained permits to do business in "many" U.S. states and a money service company license from FinCEN.
Gate U.S., the American division…
Drift Relaunches In The Solana Defi Landscape
Solana DeFi Re-enter :
A long-absent player in the crypto derivatives trading arena is set to reenter the stage as Solana decentralised finance (DeFi) stumbles through the wreckage of FTX.
On Friday,…
Basel Committee Finalizes Crypto-Asset Rules
The Basel Committee, which is in charge of establishing international banking standards, has completed its new regulations regarding banks' exposure to cryptocurrencies. The document proposes two distinct crypto asset classes,…
Coinbase CEO: Regulate Centralised Actors, Not DeFi
Armstrong On Cryptocurrency Regulation:
According to Armstrong, authorities should concentrate on centralized exchanges and custodians since they pose the most significant risk to consumer safety.
Brian Armstrong, CEO of Coinbase, has argued…
Indian Government Updates Parliament On Crypto Bill, Exchange Probes
Crypto Bill and Regulation In India:
The Indian government has offered some updates on its cryptocurrency bill and the Lok Sabha, the lower house of the Indian parliament, investigations into bitcoin…
Nigeria To Recognize Bitcoin And Cryptocurrencies
Global Standards:
A little over a year after its inception in October 2021, Nigeria's eNaira has only been adopted by 0.5% of its population.
A law recognizing the use of Bitcoin and…
350’scam tokens’ were created daily in 2017: Soliduslabs
Scam tokens:
From the beginning of January to the end of November, around 118,000 scam tokens were used, according to blockchain risk monitoring company Solidus.
According to blockchain risk monitoring company Solidus…
Ethereum Bulls Transfer 22,982 Eth After Four Years
ETH Coins:
The ETH coins in question were discovered, transferring 13,103.99 ETH and 9,878 ETH, respectively, from the trading platforms Genesis and Poloniex.
Investors in cryptocurrencies frequently stick with Bitcoin and Ethereum…
$4B OneCoin Co-Founder Pleads Guilty, Faces 60 Years Prison
Fraudulent Scheme:
On allegations of wire fraud and money laundering, the co-founder of the fraudulent scheme is scheduled to receive a sentence in April 2023.
The co-founder of the multi-billion dollar fraudulent…
Binance Helps Azerbaijan Regulate Crypto
Binance, a cryptocurrency exchange, has offered to help Azerbaijan in its efforts to put up rules for digital assets. The top cryptocurrency trading platform has been active in the area…
G20 To Build Crypto Policy Consensus For Global Regulation
IMF:
The G20 nations want to develop a policy agreement on crypto assets to improve global governance. Gita Gopinath, the deputy managing director of the International Monetary Fund (IMF), stated that…
Bitvavo Claims Digital Currency Group Has Liquidity Problems
Liquidity Problems:
The lending arm of DCG subsidiary Genesis is still subject to a withdrawal freeze, while Grayscale's Bitcoin fund is trading at historical discounts.
Bitvavo, a Dutch cryptocurrency exchange, claims to…
Binance’s Proof-Of-Reserves Have Been Withdrawn
Mazars Group's Website:
The audits have been taken off from Mazars Group's website, which is recognised for providing proof-of-reserve audit services to cryptocurrency businesses.
The website of auditor Mazars has taken down…
Stability! How Can Stablecoins ‘Stable’ DeFi?
Stablecoins:
Market analysts think that using stablecoins tied to the dollar allows for substantial returns when used as a medium of exchange.
Stablecoins have the potential to influence the decentralized finance (DeFi)…
Silvergate Sued Over FTX And Alameda Deals
Silvergate Sued:
Silvergate is being sued to hold it responsible for its claimed roles in transferring FTX user deposits to Alameda bank accounts.
Concerning funds held by troubled cryptocurrency firms FTX and…
New House Financial Services Committee Head Wants Crypto Tax Delays
Letter To The Treasury:
In a letter to the Treasury, U.S. Republican Representative Patrick McHenry requested clarity on a "poorly" drafted digital asset tax provision.
According to Patrick McHenry, the incoming chair…
First Mover Asia: Crypto Developers Down 60% in 2022
Despite the fall over the previous year, there are still over 1,600 people working on creating the best-decentralized applications and blockchains today.
Bitcoin Sentiment Quickly Reverses:
The Federal Reserve meeting on Wednesday…
Crypto.com Gets A Brazilian Payment License
Brazilian Payment License:
The organization is the country's first cryptocurrency exchange for obtaining a license as a payments institution.
The cryptocurrency exchange announced Thursday that the Brazilian Central Bank had granted Crypto.com…
Opera Announces Web3 Security Features To Safeguard Users
HTTPS:
Additionally, the browser can enable HTTPS everywhere, adding an extra layer of security and guaranteeing that the websites users visit employ reliable encryption techniques.
Opera, a Web3 browser, has unveiled a…
Hong Kong’s Markets Watchdog Warns Of Cryptocurrency Hazards
Hong Kong's Markets:
The watchdog for Hong Kong's financial markets has warned against the dangers of online platforms for depositing cryptocurrencies and other digital assets.
The Securities and Futures Commission (SFC) issued…
Core Scientific’s Creditor Offers $72m To Avoid Bankruptcy
Bitcoin Miner Core Scientific:
B. Riley offered a plan for the troubled miner to avoid bankruptcy and stated that its problems were "self-imposed."
Bitcoin miner Core Scientific has been offered $72 million…
Alameda Tried To Redeem 3,000 wbtc Before Bankruptcy
Alameda Agent:
The Alameda agent failed the security certification process necessary to convert wrapped BTC into BTC, according to the CEO of Bitgo.
Alameda Research sought to redeem 3,000 Wrapped Bitcoins (wBTC)…
MetaMask Institutional, Cobo, And Gnosis DAO Launch Soulbound Token
Soulbound Token:
Cobo, MetaMask Institutional, and Gnosis Safe have launched a new Soulbound NFT project that offers customers new nonfungible exclusivity and evidence of identity.
For users and projects to define themselves…
Paypal Has Become An Episode Of Black Mirror: Elon Musk
PayPal Mafia:
Co-founders Peter Thiel and Elon Musk of the "PayPal Mafia" have criticized the payments company for its "totalitarian" debunking practices.
The "PayPal Mafia," formerly in charge of PayPal, has criticized…
Tether will eliminate secured loans by 2023 to combat FUD.
Abolish secured loans:
The action was taken in reaction to a flurry of FUD and attacks from the mainstream media, especially the Wall Street Journal.
Tether, the largest stablecoin issuer in the…
Apple’s Third-party App Stores Will Benefit NFTs And Crypto
NFTs and Crypto:
New EU regulations will compel Apple to allow alternative app stores and programs without requiring users to go through its App Store, which is a gain for creators…
Algorand Supports Italy’s Bank And Insurance Guarantees Platform
Algorand Using Blockchain Technology:
According to Algorand, this is the first instance of a member state of the EU using blockchain technology for bank and insurance guarantees.
Blockchain layer-1 platform The Italian…
Ether Is Again Declared A Commodity By The CFTC
Ether Declared Commodity:
The community hopes that the CFTC's allegation will end claims that staked coins meet the Howey Test's definition of securities.
In a court filing on December 13, the Commodity…
Binance US Customers Get Mobile Payments
"Pay" Feature:
The "Pay" feature, which its global parent company released for users outside the U.S. in 2021, has now been made available to U.S. users by Binance's U.S. division.
Approximately 22…
Bahamas Urged SBF To Mint New Coin After FTX Collapsed
New Cryptocurrency By FTX:
According to reports, a significant international legal issue between the United States and the Commonwealth of the Bahamas has been exacerbated by the FTX failure.
According to reports,…
Ripple To Settle SEC This Week? Crypto Twitter’s Take
Ripple To Settle SEC:
Former U.S. House of Representatives candidate January Walker stated that a possible settlement would be detrimental to Web3 and the "whole planet."
The crypto community has commented on…
How Does The Golden Cross Pattern Function? What Is It?
Golden Cross Pattern Function:
One of the most common bullish signs for cryptocurrency traders is a golden cross, but this does not automatically imply that you should enter the market.
Due in…
Bitcoiner Implants Handheld Lightning Chip For Btc Payments
Payment Chip:
A Bitcoiner installed a tiny payment chip into his hands to enable NFC contactless payments, thus taking the Lightning Network into his own hands.
The Bitcoin community is still in…
JPMorgan Research: 13% Of Americans Have Crypto
New Research From JPMorgan Chase:
The JPMorgan report is based on an analysis of cash transfers made by more than 5 million consumers from their banks to cryptocurrency accounts.
According to recent…
NFT Restricts Chinese Twitter Remarks About ‘North American Expansion’
NFT SHHAN:
In the community discussion, NFT artist SHHAN earlier advised users to "transition to English," but this advice was mainly ignored.
In a tweet from December 11, SHHAN, the maker of…
Lightning Network Utilized For EU-Africa Fiat Transfers
Bitcoin Lightning Network:
Using the Bitcoin Lightning Network, CoinCorner and Bitnob collaborated to establish cross-border transactions from the UK and Europe to Africa.
The industry is still working to promote accessibility and…
Nft Market Slowed By Overstock, Greed, And Faulty Ventures | Gary V
NFTs:
According to the inventor of Vee Friends, there would be problems with supply and demand because of the large number of celebrities, corporations, and musicians who jumped on the NFT…