In a recent development, a US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC) over allegations of operating an unregistered securities exchange. The decision by Judge William H. Orrick comes after Kraken requested a dismissal of the case filed by the SEC in
As Cardano (ADA) experiences a significant price surge in the last seven days, investors are closely watching the on-chain data to determine how they will react to these developments. It is crucial to note that while Cardano has shown gains of over 14% in this period, there may be looming selling pressure from investors who
Pi Network, a crypto project introduced in 2019, has been making waves in the industry by offering users the opportunity to mine and earn digital assets directly from their mobile devices. The project aims to be energy-efficient by utilizing the Stellar Consensus Protocol (SCP) developed by the Stellar Development Foundation as an alternative to traditional
In a groundbreaking decision, the FBI has opted to utilize Non-Fungible Tokens (NFTs) to return $1.14 million to victims of the CluCoin fraud. This marks a significant shift in the way law enforcement agencies engage with victims of fraudulent activities. Through the use of NFTs, the FBI plans to streamline the process of reaching out
The month of August has been a rollercoaster ride for Bitcoin investors, with the cryptocurrency experiencing significant price fluctuations. The month started on a high note but quickly turned sour as the BTC price saw a 30% crash in the first week. This crash triggered a market-wide decline, with altcoins also taking a hit. While
Ethereum, like many other cryptocurrencies, is currently facing significant selling pressure, struggling to recover from the weakness seen in early August. Despite some fleeting moments of strength following the dramatic sell-off on August 5th, prices continue to hover below the $2,800 mark. However, there is a glimmer of hope visible on the daily chart, as
In the ever-evolving world of Layer 2 networks, there has been a notable shift in dominance with Base, an Ethereum Layer 2 network supported by Coinbase, rapidly gaining ground. Recent data from IntoTheBlock indicates that Base now boasts almost 40% more daily active addresses compared to its competitors, namely Arbitrum and Optimism. This surge in
Bitcoin has experienced a rollercoaster week, with significant fluctuations in its price. After a hard slip, the cryptocurrency went on the offensive and surged to a weekly high of just under $62,000. This sudden turnaround came after a period of volatility and uncertainty in the market. In addition to Bitcoin’s surge, other larger-cap altcoins such
The Indian government is taking proactive steps to introduce comprehensive regulations for the crypto sector, signaling a commitment to establishing a regulatory framework for digital currencies in the country. The upcoming plan includes the release of a consultation paper in the coming weeks, aimed at soliciting feedback from stakeholders. This initiative aligns with Finance Minister
In a recent announcement, the popular crypto exchange Coinbase revealed its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). This move is set to bring significant changes to the Polygon ecosystem and the broader cryptocurrency community. Starting on August 26, Coinbase will initiate
