In the ever-volatile world of cryptocurrency, the past week has seen a mixed bag of results for major coins. While some experienced slight declines, others, such as Popcat, have shown remarkable strength in the market. Notably, Bitcoin saw a 3% slide following a drop in open interest for BTC futures among institutional investors. On the
Crypto
The US Securities and Exchange Commission’s recent actions against various cryptocurrency platforms have stirred up controversy and concern within the digital asset community. OpenSea, a popular NFT platform, is the latest target of the SEC’s scrutiny. Devin Finzer, the CEO of OpenSea, took to social media to express his dismay at the regulatory watchdog’s move.
Binance, the world’s largest cryptocurrency exchange, continues to broaden its range of trading options to cater to its users and adapt to market trends. The recent announcement includes the addition of new trading pairs such as DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC on the Binance Spot platform. Additionally, the company will introduce trading bot services for
The Cardano network is on the verge of one of its most significant upgrades, poised to introduce new features and finalize the blockchain’s transition into a community-run network. Originally scheduled for August 27, the Chang hard fork has now been delayed to September 1, 2024, to allow crypto exchanges like Binance more time to prepare
Maker, one of the pioneers of decentralized finance (DeFi) lending protocols on Ethereum, has recently undergone a significant rebranding to Sky. This rebranding comes with key upgrades to its decentralized stablecoin system. The stablecoin, formerly known as DAI, has now been rebranded to USDS, while the governance token MKR has been changed to SKY. The
The US Securities and Exchange Commission has pushed back against Hex founder Richard Heart’s efforts to have the $1 billion securities fraud lawsuit against him dismissed. The SEC argued, in a brief filed in a New York federal court, that Heart’s motion to dismiss does not adequately address the allegations in the complaint and disregards
In the wake of Pavel Durov’s arrest in France over the weekend, a surge of celebrities and well-known public figures have come forward to show their support for the embattled entrepreneur. The list of supporters includes high-profile names such as Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson. Durov’s arrest in France on
Bitcoin Exchange-Traded Funds (ETFs) have been on a remarkable streak recently, with over $500 million flowing into the largest US-based products in the last trading week. On the contrary, Ethereum ETFs are facing challenges, characterized by low trading volumes and frequent withdrawals. The beginning of the month was rocky for spot Bitcoin ETFs, as they
The recent statements by Federal Reserve Chairman, Jerome Powell, regarding the possibility of future interest rate cuts have sent ripples through various financial markets. This potential shift in monetary policy is not only expected to impact traditional markets but could also have significant implications for the cryptocurrency sector. In this article, we will explore how
The downfall of Heartland Tri-State Bank (HTSB) was orchestrated by its own CEO, Shan Hanes, who was sentenced to 293 months in federal prison for embezzling a staggering $47.1 million in a cryptocurrency fraud scheme. Hanes executed 11 unauthorized wire transfers to a cryptocurrency wallet over the span of two months, ultimately leading to the
