The bankruptcy of FTX, a prominent digital asset exchange, has been accompanied by a surge in legal fees, reaching an astonishing $1.3 million per day. This astronomical amount has sparked outrage among creditors seeking to recover their lost investments and...
Bitcoin's price could soar to $1 million within days or weeks following the green light for a spot Bitcoin exchange-traded fund (ETF), according to Samson Mow, CEO of Jan3. This prediction has sent shockwaves through the crypto community, raising both...
South Korea's central bank governor is calling for action on central bank digital currencies (CBDCs) which he says have become imperative and there is an urgency that can no longer be postponed. Lee Chang-yong, governor of the Bank of Korea,...
Despite Bitcoin (BTC) trading below its 2023 high and struggling to stay above the $41,000 mark, derivatives data suggests traders remain optimistic, eyeing a $50,000 target and beyond. A $127 million liquidation of leveraged long Bitcoin futures occurred on December...
In a surprising turn of events, prominent cryptocurrency investor Mike Novogratz has switched his political allegiance from longtime friend Joe Biden to upstart Democratic challenger Dean Phillips. Novogratz, a former Biden supporter who even donated generously to his 2020 campaign,...
Coinbase, a leading cryptocurrency exchange, is making a bold move to simplify the crypto experience and broaden its reach. The company has recently introduced two key features that aim to make crypto more accessible and user-friendly for everyone: 1. Simple...
The International Federation of Association Football (FIFA) announced the launch of a new collection of digital collectibles in collaboration with technology company Modex. The collection, called FIFA+ Collect, will be available on the Polygon blockchain platform. The first drop of...
Wall Street giant JPMorgan has reviewed its price targets and ratings for several Bitcoin mining companies, factoring in recent price surges and network developments. Here's a breakdown of the key updates: Bitcoin Price and Hashrate Assumptions: JPMorgan increased its anticipated...
An action-packed, combat-oriented RPG, Champions Ascension, has partnered with Amazon Prime to offer exclusive in-game rewards to subscribers. Starting Friday, Amazon Prime Gaming members can claim a loot box containing monster parts and 100 in-game gold. These monster parts can be used...
The stablecoin USDT continues its expansion in South Korea, with major exchanges Bithumb and Coinone recently listing the US dollar-pegged token. This move marks a significant shift in the South Korean crypto landscape, where regulatory scrutiny has historically limited access...
Bitcoin's price continues its upward trajectory, reaching highs above $44,750 in recent days. This significant surge, exceeding 60% since mid-October, is fueled by several factors: ETF Speculation: Anticipation of a Bitcoin spot exchange-traded fund (ETF) approval drives investor confidence and...
Seasoned trader and analyst Jacob Canfield predicts a bullish future for Solana (SOL), attributing the potential price increase to a simple yet powerful force: airdrop hunters. Canfield believes the excitement surrounding potential retroactive airdrops from projects built on Solana is...
Safe, a leader in smart wallet infrastructure, has joined forces with Sygnum Bank, a global digital asset banking group, and CoinCover, a UK-regulated recovery service provider, to launch the "Safe Recovery Hub." This groundbreaking initiative aims to solve the complex...
A new bill introduced in the US Senate seeks to crack down on the use of digital assets for terror financing. The Terrorist Financing Prevention Act of 2023 aims to: Expand sanctions: The bill would expand sanctions to include foreign...
Stardew Valley offers a delightful multiplayer experience, allowing players to collaborate and build a thriving farm together. However, the question of crossplay and cross-progression between platforms remains a hot topic among players. No Crossplay Between Platforms Unfortunately, Stardew Valley does...
Manipur, a state in Northeast India, is pioneering blockchain technology for academic credentialing. This initiative, a collaboration between the Manipur Department of Education, DFINITY Foundation, and The Horizon, aims to securely store and verify academic certificates on the Internet Computer,...
ECB: Bitcoin Can Be An Alternative To Fiat In Countries With High Inflation And Economic Instability
The European Central Bank (ECB) has published a report that acknowledges that Bitcoin can be an alternative to fiat in countries with high inflation and economic instability. The report analyzed Bitcoin transactions in pairs with 44 national currencies from 2018...
A prominent tech enthusiast, MartyParty, predicts that Solana-powered phones will shake the mobile technology landscape, potentially challenging the dominance of industry giants like Apple, Samsung, Google, and others. Here's a breakdown of MartyParty's bold vision: 1. Redefining User Experience: Phones...
The Bitcoin network has undergone an upgrade thanks to the release of Bitcoin Core 26.0 by volunteer developers. This latest version focuses on improving the network's security and performance through various new features and improvements. Boosting Privacy and Reliability: Experimental...
Recent analysis by CryptoSlate has revealed a notable trend among short-term Bitcoin holders. On December 1, a record-breaking $1.7 billion worth of Bitcoin was sent to exchanges, indicating that short-term holders were cashing in on profits. This coincided with a...
A wallet associated with FTX has unstaked and transferred over 1.5 million Solana (SOL) tokens, worth approximately $90 million, to Coinbase. This follows a court order in early September granting FTX permission to sell its crypto assets. 1/ FTX-related address...
El Salvador's President Nayib Bukele announced on Monday that the country's Bitcoin (BTC) investment is now profitable, generating over $3 million in gains. This positive turn of events comes amid the latest BTC price surge, which propelled the cryptocurrency to...
The cryptocurrency market is experiencing a resurgence, with digital asset investment products seeing a significant increase in inflows. CoinShares data reveals that inflows reached a staggering $176 million last week, marking the 10th consecutive week of positive inflows. This brings...
In a recent post on social media platform X (formerly Twitter), Coinbase CEO Brian Armstrong discussed Bitcoin’s potential role in advancing Western civilization through currency innovation. Armstrong believes that Bitcoin can be a powerful tool to combat inflation and protect...
A federal judge has accused attorneys from the Securities and Exchange Commission (SEC) of making "misleading" arguments in a court filing. The judge is concerned that the SEC's attorneys may have misled the court to obtain a temporary restraining order...
Binance has experienced ailing on-chain activities since its $4.3 billion settlement with the US DOJ in November. The exchange's reserves have steadily declined as users continue to withdraw their assets. Binance's bitcoin (BTC) reserves have plummeted to around 500,000 BTC...
In a recent report, cybersecurity firm Recorded Future revealed that the North Korean-linked hacker organization Lazarus Group has stolen a staggering $3 billion in cryptocurrency over the past six years. The group's cyberattacks have primarily targeted decentralized finance (DeFi) platforms,...
In a recent development, JPMorgan, a leading financial institution, has released a report titled "Resurgence in DeFi and NFTs: A Market Shift," expressing renewed optimism for the decentralized finance (DeFi) and non-fungible token (NFT) sectors. The report highlights several positive...
Grayscale, a prominent crypto asset manager, has taken a pivotal step towards realizing its spot Bitcoin exchange-traded fund (ETF) aspirations by engaging in active discussions with the US Securities and Exchange Commission (SEC). This marks a significant milestone in the...
In a surprising turn of events, Argentina has made the decision to decline an invitation to join BRICS, an alliance of emerging economies comprising Brazil, Russia, India, China, and South Africa. This announcement came as the country prepares for the...