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Today in Crypto: US Treasury Sanctions Crypto-Using Russian Money Launderer, Northern Data Expects Loss and May List Cloud Unit
6.11.2023
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Crime news The US Department of Treasury sanctioned Ekaterina Zhdanova, an alleged Russian money launderer who reportedly helped...
Germany’s Third-Largest Bank Unveils Blockchain-Based Digital Custody Platform for Institutional Investors
6.11.2023
DZ Bank, one of Germany’s leading financial institutions with assets totaling 300 billion euros, has launched its own blockchain-powered custody platform. According to an announcement by the bank, the platform is specifically designed to cater to institutional clients, enabling them to engage...
Potential cryptocurrencies for 2024: Is QNT one of them?
6.11.2023
We all know the crypto market for being dynamic and uncertain and for providing investors with massive investment opportunities. Many cryptocurrency investors are awaiting the next bull run in 2024, expecting similar trends witnessed in previous years. When it comes to crypto, there are no experts...
Hong Kong Regulator Planning to Widen Purview of Virtual Assets Supervision
6.11.2023
The Hong Kong Monetary Authority is reportedly planning to expand the purview of its supervision of virtual assets to include entities that issue stablecoins. The Hong Kong regulator said it also wants to create a framework that governs banks’ provision of virtual asset custody services. Hong...
The hype cycle and Bitcoin Cash: How speculation influences future prices?
6.11.2023
The “Hype Cycle” concept is emerging as a fascinating and influential phenomenon. In this article, we will focus on Bitcoin Cash (BCH) and examine how the interplay of speculation, hype, and market sentiment influences the world of digital currencies. Cryptocurrencies, particularly BCH, have been...
Shiba Inu Price Prediction as SHIB Whales Keep Accumulating at $0.000008 – Big Bounce Incoming?
6.11.2023
The Shiba Inu price has dipped a little this morning, falling by 0.5% in 24 hours as the wider cryptocurrency market gains by the same percentage. SHIB is at the $0.00000821 level, marking a 2.5% gain in a week and a 13% increase in a month, as the market becomes more bullish. SHIB has also...
XRP Price Prediction as XRP Rockets Up 10% Instantly – Are Whales Buying?
6.11.2023
The XRP price has surged by 10% this morning, reaching $0.691398 as the cryptocurrency market gains by only 0.5%. XRP is now up by 23% in a week and by 32% in a month, with the altcoin’s 24-hour trading volume rising beyond $2 billion today. Such an increase follows last week’s news...
Counterfeit Ledger App Scams Crypto Users Out of Over $760K on Microsoft App Store
6.11.2023
According to onchain analyst Zachxbt, hackers got away with more than $768,000 after sneaking a counterfeit Ledger Live application into the Microsoft App Store. Out of the stolen stash, the attack netted over 16.8 bitcoins worth $588,000. Hackers Steal Over $760,000 in Crypto Through Fake Ledger...
Charles Hoskinson calls Cardano the Root of Trust for crypto
6.11.2023
Cardano co-founder Charles Hoskinson recently called Cardano the foundation of trust for the crypto industry. The Input-Output Global (IOG) CEO praised Cardano at the Cardano Summit. The global gathering recently concluded in Dubai with several crypto ventures and enthusiasts. Hoskinson believes...
Floki’s Tokenfi: The multichain marvel shaking the market!
6.11.2023
TokenFi, a new phenomenon in the crypto universe, was born on October 27th as an essential element of the Floki family. Within no time, it secured its position on two major decentralized platforms: This makes it convenient for traders interested in trading crypto from uni swap, and pancake swaps...
Bitcoin Price Prediction: Bitcoin Dips Nearly 1%, Eyes ETFs & Munger’s Critique in Market Rally
6.11.2023
Bitcoin, the pioneering cryptocurrency, has experienced a slight dip of nearly 1% amidst a broader market rally, drawing the attention of investors and analysts alike. As it navigates through the tumultuous tides of the financial markets, Bitcoin‘s trajectory is influenced by a myriad...
National Bank of Georgia Selects Ripple as Tech Partner for CBDC Pilot
6.11.2023
The National Bank of Georgia announced that it has enlisted the aid of Ripple, the cryptocurrency company, as the sole tech partner in its central bank digital currency (CBDC) project, denominated the digital GEL. Ripple’s CBDC solution was selected from nine shortlisted companies that...
FTX Seeks Bankruptcy Court Approval to Sell $744 Million Worth of Trust Assets, Including Grayscale and Bitwise Funds
6.11.2023
Bankrupt cryptocurrency exchange FTX and its debtors have sought approval from the bankruptcy court of Delaware to sell select trust assets, including funds from Grayscale and Bitwise, with an estimated value of $744 million. The proposed sale would be facilitated through an investment...
Billionaire Investor Charlie Munger Sees Bitcoin’s Rise as Disruptive Threat to Traditional Finance
6.11.2023
Berkshire Hathaway’s Vice Chairman, Charlie Munger, recently reiterated his harsh critique of Bitcoin, labeling it as a threat to traditional finance in an interview with the Wall Street Journal. Munger, the long-time business partner of Warren Buffett, didn’t mince words in expressing...
Senator Lummis Takes a Stand Against SEC’s Crypto Crackdown, Says the Commission is “Overreaching”
6.11.2023
Senator Cynthia Lummis (R-Wyo.) has voiced opposition to the Securities and Exchange Commission’s ongoing crackdown on the cryptocurrency industry. In an interview with Yahoo Finance, she expressed her concerns about the regulatory agency’s actions and vowed to block one of...
Cardano (ADA) poised for further gains as bulls tighten their grip
6.11.2023
ADA, the cryptocurrency named after mathematician and philosopher Giordano, has been gaining popularity as more investors are flocking around it following a price increase. A third-generation blockchain project that is getting a buzz from various quarters because it has distinctive abilities...
SEC Clashes With Do Kwon and Terraform Labs in Court, Alleging ‘Clear, Undisputed’ Fraud
6.11.2023
Last week, lawyers representing Terraform Labs and its ex-CEO Do Hyeong Kwon (Do Kwon) moved to dismiss the lawsuit brought against them by the U.S. Securities and Exchange Commission (SEC). In response, the SEC has countered with a motion of its own, asserting the accountability of both...
Elon Musk Confirms None of His Companies Will Ever Create a Crypto Token
6.11.2023
Tesla and Spacex CEO Elon Musk has confirmed that none of his companies will ever launch a crypto token. His clarification came after his artificial intelligence company’s name was used in a cryptocurrency, and several articles associated his social media platform X with crypto tokens. Elon...
Berkshire Vice Chair Charlie Munger Compares Bitcoin to a ‘Stink Ball’ Among Traditional Currencies
6.11.2023
Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, says he is concerned when the price of bitcoin rises. The 99-year-old compared the cryptocurrency to a “stink ball” among traditional currencies. “When you start creating...
Moonstone Research Study Etches Doubts on Monero’s Privacy; Crypto Community Reacts
6.11.2023
On September 1, 2023, hackers made off with 2,675.73 monero (XMR), worth over $3 million at the time, from the Monero CCS donation wallet in nine separate transactions. Now, blockchain analysis firm Moonstone Research has traced forward through three of those transactions in a postmortem released...