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Ripple and XRPL Labs Join Alliance to Develop Blockchain Recovery Standards
9.5.2024
Ripple and XRPL Labs have become founding members of the Derec Alliance, which aims to create an interoperable recovery standard for digital assets. This initiative is expected to simplify the recovery process and encourage widespread adoption by making digital asset management more user-friendly...
NFT Trader Loses $145K To BAYC Phishing Scam
9.5.2024
In a phishing fraud run by BAYC, an NFT trader lost tokens valued at more than $100,000. On May 9, the on-chain security platform PeckShield made this announcement, as scams in the cryptocurrency and NFT field continue to cause alarm.
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Canadian regulator fines Binance $4.4M for AML and CFT violations
9.5.2024
FINTRAC reported that Binance facilitated 5,902 separate transactions of $10,000 or more in crypto from June 2021 to July 2023 and failed to register with the regulator
Best Crypto to Buy Now May 9 – Arweave, Render, Toncoin
9.5.2024
With cryptocurrency markets choppy on Thursday as Bitcoin (BTC) rebounds from session lows in the $61,000s back to the mid-$62,000s, traders are parsing through their options in the altcoin market as they hunt for the best crypto to buy now on May the 9th.
The post Best Crypto to Buy Now May 9...
Swing State Voters Highlight Cryptocurrency as a Key Issue for 2024 Elections, Survey Finds
9.5.2024
A recent survey conducted by The Harris Poll and commissioned by Digital Currency Group (DCG) reveals that cryptocurrency is emerging as a critical issue among voters in key swing states. Over 20% of respondents from states like Michigan, Ohio, and Pennsylvania demand more discourse on digital...
Analyst Heralds Multi-Year Bull Market For Gold: $8,000 per Ounce at Play
9.5.2024
Jan Nieuwenhuijs, a gold market analyst, has predicted a new multi-year bull market for gold. According to different factors, including the low percentage of gold as part of the global international reserves, and the size of the equity market, gold prices might be preparing to rise, putting prices...
Tether payment solutions expands to Eastern Europe
9.5.2024
Tether, the biggest company in the digital asset market, will strengthen its presence across Eastern Europe with a supplementary investment into CityPay.io. This top-rated payment company has a presence in more than 2,000 locations across Georgia, and Tether is the first stablecoin investing...
BTC Price Down 2%, Triggering Liquidation of Over $34M in Bitcoin Longs in Derivatives Shake-Up
9.5.2024
On May 9, 2024, bitcoin’s value faced a decline, hitting an intraday low of $60,634 at approximately 7 a.m. EDT. The latest downturn has led to the liquidation of about $34.79 million in bitcoin long positions across various derivatives markets. As Bitcoin’s Value Declines, Heavy...
House Approves Resolution to Overturn SEC’s Crypto Rules — Biden Threatens to Veto
9.5.2024
The U.S. House of Representatives has passed H.J. Res. 109, a resolution aimed at overturning the Securities and Exchange Commission’s SAB 121 regulations on digital assets. The resolution seeks to reduce regulatory burdens and promote safer custodianship of digital assets by regulated banks....
Analyst Sees Cardano Soaring 5,600%, Calls It ‘Buy of a Lifetime’
9.5.2024
Though Cardano has been consistently showing a downward trend and staying under $0.50, popular crypto analyst FieryTrading from TradingView considers the current time as an opportunity to opt for the purchase of this digital currency at a more affordable price. After extensive research...
Vitalik looks for backing of short term wallets on Ethereum
9.5.2024
The Co-Founder of Ethereum, Vitalik Buterin, came out with a fresh Ethereum improvement proposal (EIP) that intends to adjust with the builder’s contrasting methods of account takeaway in forthcoming hard forks. EIP-7702 comes after EIP-3074, which was appropriate for acceptable...
SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin
9.5.2024
Ethereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of engaging in meaningful discourse with the cryptocurrency industry
TRUMP and BODEN Coins Soar Following Trump’s Crypto Endorsement and Critique of Biden
9.5.2024
Following the recent crypto endorsement by former U.S. President Donald Trump, and his criticism of current President Joe Biden, the value of the two meme coins linked to these political figures — TRUMP and BODEN — have significantly increased over the past day. TRUMP Coin Jumps 35%, BODEN Up...
$SWEAT token joins Bitvavo, Boosting Movement Economy
9.5.2024
A landmark in the world of cryptocurrency was reached when Bitvavo, the well-known and regulated Sweat Economy of Europe, revealed that $SWEAT – the original Sweat Economy token – is their inclusion. This latest Bitvava trading platform improvement offers new chances for development...
Post-Halving, Bitcoin Difficulty Drops Significantly; Hashrate Dips Below 600 EH/s
9.5.2024
The Bitcoin network experienced its second difficulty adjustment post-halving and the most significant reduction this year. Additionally, the network’s total hashrate fell below the 600 exahash per second (EH/s) mark for the first time since late March. Bitcoin Network Sees Significant...
Tokenizing money is the ‘greatest innovation’ after fiat — Tether co-founder
9.5.2024
Stablecoins like Tether do not offer interest yields right now, but with tokenized fiat, that could be possible one day, co-founder William Quigley said
Lucie analyzes SHIB and BTC’s decentralized impact on finance
9.5.2024
Recently, Lucie, a Shiba Inu marketing executive, brought attention to the parallels between SHIB and BTC. She emphasized the decentralized character of both initiatives and the obscurity of its founders, Ryoshi for Shiba Inu and Satoshi Nakamoto for Bitcoin. At the heart of Lucie’s analysis...
Ex-Google exec to bring Web3 to masses as new Aptos Labs adviser
9.5.2024
David Lawee, former Google vice president of corporate development, will use his Web2 consumer experience to promote blockchain to the mainstream with Aptos
Stablecoins provide promising possibilities in global finance
9.5.2024
A leading international asset manager predicts that the stablecoin market will grow to $3 trillion in the next four years, a 22-fold increase from its current size. To understand this growth better, one needs to first understand how stablecoins fit in the financial markets. This will cover...
Ethereum seeks direction: Can ETH bulls reclaim $3,000?
9.5.2024
The price of Ethereum remained extremely disturbing, with further losses going under the $3,050 mark, much like Bitcoin ETH going under $3,000. The drop occurred when it was at $2,936 and is currently only traveling south. The Ethereum trade price has sunk to $3,050, along with the 100-day simple...