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Bank of China Uses Ethereum Blockchain for $28 Million Digital Structured Notes – Crypto Adoption on the Rise?
13.6.2023
Bank of China's investment arm BOCI has utilized the Ethereum blockchain network to issue $28 million worth of digital structured notes.
The bank has become the first Chinese institution to issue this type of tokenized security in Hong Kong, global investment bank UBS said in a recent press...
Binance Coin Price Prediction as BNB Whale Cashes Out of $2 Million Position After Two Years – How Low Can BNB Go?
13.6.2023
The Binance Coin price has risen by 4% in the past 24 hours, reaching $235 as the altcoin tries to shake off the steep losses caused by the SEC's legal action against Binance.
Despite its rise today, BNB remains down by 15% in a week and by 25% in the past fortnight, with the exchange token...
NFT Market Sees 20% Drop in Weekly Sales After a Few Weeks of Gains
13.6.2023
After several weeks of consecutive gains, sales of non-fungible tokens (NFTs) have slumped 20.44% this week compared to the previous week. According to seven-day statistics, NFT sales totaled $152.96 million last week, with $84 million in sales originating from the Ethereum blockchain. This...
Potential Venus Protocol Liquidation Raises Concerns in BNB Community
12.6.2023
Crypto market observers are currently focusing on the Venus Protocol this week as the protocol grapples with a possible liquidation of binance coin (BNB). The hacker who exploited the BNB blockchain managed to secure $150 million in stablecoins through the use of Venus. If the price of BNB slips...
Axie Infinity Price is Going to Zero after SEC Lawsuit Calls AXS a Security But Green Crypto Ecoterra Just Raised $5 Million – 100x Potential in 2023?
12.6.2023
Last week was catastrophic for Axie Infinity Shards (AXS), the native token that powers web3 play-to-earn (P2E) gaming ecosystem Axie Infinity.
AXS dropped more than 30% from around $7.6 per token to fresh near two-year lows under $5.0 per token, its worst one-week performance in more than...
Web3 Freelancing and Recruitment Platform DeeLance Races Toward $1.5 Million – Huge Price Pump Incoming
12.6.2023
The freelancing industry has experienced substantial transformations in recent years, primarily driven by globalization and the increased digitization of work.
Technological advancements, particularly the emergence of blockchain technology, have provided new opportunities for transparency, cost...
SEC Lawsuits Fuel Bitcoin and Ethereum Exodus From Exchanges: Nearly $1 Billion Withdrawn in 7 Days
11.6.2023
It has been six days since Binance faced a lawsuit from the U.S. Securities and Exchange Commission (SEC), and five days since Coinbase encountered a similar legal challenge. In the wake of these events, a substantial amount of bitcoin and ethereum has been withdrawn from exchanges, with data...
Singapore’s Crypto.com to Halt US Institutional Division Citing ‘Limited Demand’
10.6.2023
Singapore-based cryptocurrency exchange Crypto.com announced that it intends to halt services for institutional traders in the United States on June 21, 2023. The exchange cited “limited demand” as the reason for suspending its institutional offering. Crypto.com to Cease U.S....
Lens Protocol Raises $15 Million to Augment Decentralized Social Media – Next Twitter Competitor?
9.6.2023
Aave’s Lens Protocol, a social layer for web3, has raised $15 million in funding to develop decentralized blockchain-backed social media.
According to a June 8 blog post, IDEO CoLab Ventures led the funding round alongside other VCs, such as General Catalyst, Variant, Blockchain Capital, and Palm...
Polygon Price is Going to Zero as the SEC Begins Clamp Down on Crypto Industry but Sustainable Coin Ecoterra Just Raised $4.9 Million – What Does it Do?
9.6.2023
It’s been a disastrous week for Polygon.
The Ethereum layer-2 scaling solution’s native MATIC token has shed nearly 20% of its value since the weekly open, tanking from the upper $0.80s to the low-$0.70s....
Read More: Polygon Price is Going to Zero as the SEC Begins Clamp Down on Crypto Industry...
ARK Invest Buys $19.9 Million Block Shares as Cathie Wood Stands Firm on Crypto
9.6.2023
Cathie Wood's Ark Investment has purchased around $20 million worth of Block shares as the crypto investment firm stand remains committed to crypto.
According to data provided by ARK Invest Daily Trades, ARK Invest acquired a total of 305,573 shares of Block across six intervals between June...
Lens Protocol raises a funding amount of $15 million
9.6.2023
Lens Protocol has successfully managed to raise for itself the amount of $15 million, in terms of funding, with the able support of Aave Companies, which is a technology-based entity that is actively involved in the development of protocols, as well as applications that integrate decentralization...
Do Kwon Moved $29 Million Worth of Coins Since Arrest, Prosecutor Says
8.6.2023
Founder of Terraform Labs, Do Kwon, has withdrawn millions of dollars in crypto from an entity linked to his failed blockchain firm, investigators claim. South Korean authorities are now trying to locate the digital assets that have been allegedly transferred since his arrest in Montenegro...
Documents Reveal Binance.US Suffered a $181 Million Loss in 2022
8.6.2023
Binance’s US branch, Binance.US, was deeply unprofitable in 2022 and lost as much as $181 million for the year, a new filing made by the Securities and Exchange Commission (SEC) has revealed.
The loss came despite Binance.US receiving some $132 million last year from its parent company...
Solana is Going to Zero After SEC Lawsuit Deems SOL a Security and Investors are Moving to Ecoterra as the Platform Raises $4.9 Million – What Does it Do?
8.6.2023
In a nasty surprise for Solana holders, SOL has been named as an unregistered security in the latest SEC enforcement action against Binance - now facing an uncertain future will Solana sink-or-swim?
As the aftermath of the latest 'regulation by enforcement' moves sets in, crypto markets...
Shiba Inu Price Prediction as $100 Million Trading Volume Comes In as Crypto Prices Recover – Here's Where SHIB is Heading Now
8.6.2023
Shiba Inu (SHIB) price predictions remain bearish despite a surge in trading activity that, according to CoinGecko, saw more than $100 million in SHIB tokens change hands over the last 24 hours.
That’s because Shiba Inu’s technical picture is still looking very ugly, with the crypto token current...
Another Mysterious Signed Message Appears Associated With the 2009 Bitcoin Block 1,018
8.6.2023
This week, the number of Ordinal inscriptions has exceeded 11 million, with one inscription in particular, numbered 11,035,214, standing out. The inscription bears a message that has been signed with the private key associated with block 1,018, and while the key is quite old, having been linked...
Binance Coin is Going to Zero as the SEC Clamps Down on Crypto Exchanges but Eco Friendly Project Ecoterra Just Hit $4.8 Million – What's Going On?
7.6.2023
As the aftermath of the seismic SEC v. Binance lawsuit sinks in, crypto markets are reeling at the mass enforcement move by the SEC which has raised major red flags around big projects such as BNB, SOL, MATIC, and ADA.
Among the worst hit, BNB suffered a sudden -17% cascade as traders took stock...
Investor loses $2.8 million in Atomic wallet hack – This AI crypto could help prevent future hacks
7.6.2023
In a startling incident highlighting the inherent risks associated with the cryptocurrency ecosystem, ZachXBT reports that an investor lost a staggering $2.8 million in the Atomic Wallet hack. This unfortunate event serves as a reminder to install robust security measures to protect user assets....
FTX's $500 Million Stake in AI Startup Anthropic on the Market Amid Bankruptcy
7.6.2023
Bankers of now-defunct cryptocurrency exchange FTX are looking to offload its stake in AI startup Anthropic.
Perella Weinberg, the boutique bank overseeing FTX's bankruptcy proceedings, is reportedly discussing the potential sale of Anthropic's stake with interested parties, Semafor reported...