Unknown user pays a 123 ETH commission and other key events in the crypto space

The crypto market has been eventful this week with a new rally sending Bitcoin (BTC) past $59,000. At the time of writing, the flagship cryptocurrency is trading at $59,039.32 after a 2.36% change in 24 hours. The altcoin market has also followed suit, with Ethereum (ETH), the second-largest cryptocurrency by capitalization, gaining 3.29% over the […]

US topples China to become the leading destination for BTC miners

The US has become the leading contributor of Bitcoin’s (BTC) global hashrate, surpassing China for the first time. A report disclosed this news on October 13, citing new data from the Cambridge Centre for Alternative Finance, which scouted BTC electricity consumption across the globe. The university released its findings through the Cambridge Bitcoin Electricity Consumption […]

Pro-crypto Senator Cynthia Lummis discloses a BTC purchase of up to $100K

Senator Cynthia Lummis, Wyoming’s crypto-friendly representative, has disclosed that she bought as much as $100,000 worth of Bitcoin (BTC) on August 16. She revealed this news by filing a periodic transaction on October 7. Per the filing, Lummis purchased BTC worth between $50,000 and $100,000.  At the time of the purchase, BTC was trading between […]

How CBDCs and DeFi Will Reshape the Future of Money by 2030

The collaboration of central bank digital currencies (CBDCs) and decentralized finance (DeFi) will ensure that money is available in the global market without restrictions. The percentage of unbanked individuals will reduce because there are no age or race restrictions on obtaining and using digital currencies. DeFi is becoming the tool to take away financial power […]

AMC starts accepting Dogecoin (DOGE) as payment for gift cards

AMC Theatres, the largest movie theatre chain with approximately 1,004 theatres and over 11,041 screens in 15 countries, has started accepting DOGE as a payment option for its digital gift cards. Adam Aron, AMC’s CEO, disclosed this bullish news through a tweet earlier today, noting this development allows customers to purchase up to $200 worth […]

Texas continues positioning itself as a blockchain and crypto hub

The state of Texas is gunning for the leading crypto and blockchain hub title after welcoming Chinese crypto miners following a recent ban. A report unveiled this news on October 2, noting that the US state has expanded its Blockchain Council to include 70 members. Led by Lee Brachter, the council seeks to host the […]

Crypto Behaves Healthily Despite China Clampdown

In about 48 hours, the crypto market made an impressive return after the new China ban on crypto mining and trading. The latest release of regulatory calls on crypto transactions by the People’s Bank of China (PBoC) made the market experienced a downward spike. However, there was a quick retracement, unlike before. Crypto Market Behavior […]

NFT Storm: Snoop Dogg Claimed $17M NFT Collection while Hybrid NFT is Dedicated to a Feature Film

On September 21st, a hip-hop star—Calvin Cordozar Jr., also known as Snoop Dogg—revealed his anonymous identity behind a non-fungible token collection in a tweet. He claimed to identify as the individual behind the “Cozomo de’ Medici” NFT collection. Although he hasn’t further clarified his proclamation aside from the tweet, DappRadar revealed that the current wallet […]

Coinbase furthers crypto adoption by allowing direct paycheck deposits

San Francisco-based crypto exchange Coinbase is gearing up to launch a feature that allows US users to deposit paychecks into their online accounts directly. The company unveiled this news through a blog post on September 27, noting this feature will go live in the next few weeks. Through this service, the exchange seeks to help […]

Crypto exchanges rush to sever ties with Chinese users after a new crackdown

Crypto exchanges and crypto service providers in China are scrambling to cut ties with mainland China traders following a blanket ban on crypto trading and mining. A report unveiled this news earlier today, noting that the 10 Chinese government agencies plan to uphold a high-pressure clampdown on digital asset trading. The entities looking to enforce […]

Robinhood set to launch crypto wallets as its Bitcoin business expands

American financial services company Robinhood is gearing up to roll out crypto wallets within its app. The firm unveiled this news through a blog post on September 22, noting that this is its latest expansion into the crypto industry. Reportedly, the public brokerage company plans to start testing the crypto wallets with select clients in […]

Canadian securities authority publishes regulations for crypto exchanges

The Canadian Securities Administration (CSA), the countries equivalent of the US Securities Exchange Commission (SEC), has published a guideline for crypto exchanges. The authority released the document in conjunction with the Investment Industry Regulatory Organization of Canada (IIROC) on September 23. The rules revolve around the requirements that crypto-trading platforms need to meet regarding advertising, […]

Dogecoin vs. SHIB: Shiba Inu Spiked 21% over 24 Hours, DOGE Price Floored

In seven days, dogecoin’s price took a downward spiral as it lost its weekly market price by 5.8% in a week. While this was ongoing, Shiba Inu (SHIB)—dogecoin’s rival—rose over the curves by 21% in about 24 hours. Shiba Inu’s Price Increases with 21% over 24 Hours About six days ago, the crypto market experienced […]

Binance vs. U.S. Authorities: Binance Investigated for Inside Trading and Market Manipulation

As much as Binance—the world’s biggest cryptocurrency exchange—is growing, there is an intensifying investigation from the U.S. authorities to ensure that Binance doesn’t violate the nation’s regulatory laws. As a result, the Commodity Futures Trading Commission is investigating Binance for insider trading and market manipulation. Binance vs. U.S. Authorities Recently, the U.S. authorities launched another […]

US Treasury sanctions Suex exchange for facilitating ransomware attacks

The US Treasury Department’s Office of Foreign Assets Control (OFAC) is planning to sanction Suex, a crypto exchange that lets users buy and sell cryptos using regular credit cards. Per the agency, the exchange has been helping ransomware attackers launder their loot. A report unveiled this news on September 21, noting that this would be […]

Have a Conversation with Us: SEC Chairman Becoming the Messiah of Crypto Regulations

SEC Chair - Crypto Regulation

Gary Gensler, chairman of SEC, constantly seeks the corporation of crypto firms to initiate crypto regulations that will provide a fair market environment for investors to thrive. He argues that with efficient collaboration, the crypto space will become a haven for investors. Why Gary Gensler Beckons on Crypto Firms for Crypto Regulation The U.S. Securities […]

Institutional Interest Spikes for Cryptocurrency Investment: Brevan Howard Pushes

Institutional Interest Spikes for Cryptocurrency Investment

On Monday, the crypto world experienced another entrance of a prominent hedge fund group. Brevan Howard announced its entry into the digital assets and crypto-trading space. How Brevan is taking the Institutional Cryptocurrency Leap One of the largest hedge fund groups in the world announced on Monday that it would create a new sector that […]

US Senators call upon SEC Chair to offer crypto regulation guidance

US Senators call upon SEC

Gary Gensler, the Chairman of the US Securities Exchange Commission (SEC), yesterday informed that the regulator is working tirelessly to create crypto rules. Speaking to the Senate Banking Committee, Gensler said the SEC is trying to create a set of regulations that supervise the volatile crypto market while considering the interests of American innovators. According […]

Elon Musk tweet sends FLOKI soaring and four other key events in the crypto world

Elon Musk

The crypto market opened trading this week on a bearish note, with most assets bleeding. After soaring as high as $52,853.76 in the past week, Bitcoin (BTC) failed to maintain its bullish momentum and slipped back to $45,206.63 on Monday. At the time of writing, the leading cryptocurrency by market capitalization is changing hands at […]

South Korea’s exchange registration deadline set to wipe out $2.6B in assets

South Korea Bitcoin

South Korea’s upcoming mandatory registration for crypto exchanges might potentially erase up to $2.6 billion worth of assets. A report unveiled this news on September 13, noting the Financial Services Commission (FSC), South Korea’s financial regulator, requires all exchanges operating in the country to register with it by September 24. Reportedly, the watchdog is enforcing […]