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SEC Lawsuits Fuel Bitcoin and Ethereum Exodus From Exchanges: Nearly $1 Billion Withdrawn in 7 Days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 In the wake of these events, a substantial amount of bitcoin and ethereum has been withdrawn from exchanges, with data...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...
Former Minnesota Vikings Co-Owner Slapped With 75 Month Jail Term for Processing $750M Worth of Crypto Transactions
7.6.2023
U.S. Attorney’s Office for the Southern District of New York announced on June 5 that the former co-owner of Minnesota Vikings, Reginald Fowler, has been sentenced to 75 months in prison for processing more than $700 million of unregulated transactions on behalf of crypto exchanges. Folwer...
Crypto Exchange Bybit Announces AED 1 Million Scholarship Fund at UAE University
7.6.2023
As the regulatory environment in the United States become too hot to handle, cryptocurrency exchanges continue expanding their reach for better business environments. The United Arab Emirates (UAE) presents as one of these greener pastures. One of the most popular exchanges in the world, Bybit,...
Bitcoin Life Insurance Startup Raises $19M in Seed Rounds Led by Sam Altman and Gradient Ventures
7.6.2023
Meanwhile, a life insurance company that uses bitcoin, has accumulated $19 million through two seed funding rounds. The first round was led by Openai CEO Sam Altman and former Stripe executive Lachy Groom, while Google’s Gradient Ventures took charge of the second round. Crypto Startup...
Binance Records Significant Outflows of BTC, ETH, and Stablecoins Exceeding $1.45 Billion
7.6.2023
Binance, the world’s largest cryptocurrency exchange by trade volume, saw significant outflows of bitcoin, ethereum, and stablecoins starting on June 3, 2023, according to data from cryptoquant.com. In the past 68 hours, Binance has seen bitcoin outflows of around 15,438 BTC worth more than...
Openai Boss Sam Altman Claims He’s Not Involved in Worldcoin’s Day-to-Day Operations at All
6.6.2023
After Tools for Humanity, the team behind the biometric cryptocurrency project Worldcoin announced it had raised $115 million in a Series C led by Blockchain Capital, Sam Altman, co-founder and chief executive of the artificial intelligence (AI) firm Openai, clarified at an event held at Tel Aviv...
Is it Too Late to Buy Pepe Coin? PEPE Coin Price Plummets 15% in 7 Days as Launchpad Approaches $1 Million
6.6.2023
Despite an incredible surge of over 50,000% between April 15 and May 5, Pepe Coin (PEPE) is experiencing a significant decline of more than 60% from its peak, with 15% of the drop occurring in the past week.
Uncertainty looms over the meme coin's future potential, causing market participants...