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Binance fights back against $4.4M Canadian AML fine
20.6.2024
Binance has filed a lawsuit challenging the Canadian Financial Transactions and Reports Analysis Centre’s (FINTRAC) fine of $4.4m. The penalty was imposed in May and concerns the lack of compliance with laws regarding the anti-money of money laundering (AML) and the financing of terrorism (CFT)....
Which cryptocurrency to invest in June 2024: BlockDAG presale hits $52.2M, XRP prices remain undervalued, & Cosmos faces outage
20.6.2024
Despite Ripple (XRP) achieving regulatory clearance, it still trades under $0.5, leaving its advocates disheartened. Cosmos encountered a significant setback with a nearly four-hour downtime during its v17 upgrade, showcasing some vulnerabilities. Conversely, BlockDAG is pioneering new frontiers...
BlockDAG’s Keynote 2 unveils X1 miner beta app: Mine $6000 a month by 2025, big profit opportunity for Cosmos and Maker investors
19.6.2024
Ready to uncover the next big crypto investment? BlockDAG has emerged as a major contender, capturing investors’ attention with a stunning $50.8 million raised in its presale. As the cryptocurrency world evolves, savvy investors seek opportunities for substantial returns. BlockDAG‘s...
Moonbeam rolls out $13M fund for Web3 gaming growth
19.6.2024
Moonbeam Network, a popular platform for Web3 smart contracts, has recently started a significant funding campaign worth $13 million. The overall goal of this move is to jump-start the growth and advancement of its ecosystem, with a particular focus on gaming and tokenization of real-world assets...
Scam alert: Fake Ripple USD tokens emerge ahead of official release
19.6.2024
Scamsters are busy scouring ways to take advantage of Ripple’s stablecoin release by issuing an imitation version of the Ripple USD (RLUSD) token on the XRP Ledger. The yet-to-be-introduced RLUSD token will be shouldering its way forward through the big timers like Tether and Circle, falling...
Transak Lists Paypal’s PYUSD for Easier Crypto Access
18.6.2024
According to an announcement, the Web3 and crypto firm Transak listed Paypal’s stablecoin, paypal usd (PYUSD), on its platform. This integration allows users to purchase PYUSD using various local payment methods, aiming to simplify the transition to cryptocurrencies. PYUSD Listed on Transak...
Ethereum price drops after whale moves $20M to Kraken
18.6.2024
Ethereum ($ETH) has breached the support level of $3,500 by trading at $3,438.76 at the press time. Bitcoin ($BTC) is leading the declining trend but ETH, specifically, has its downfall credited to an ICO whale who just moved tokens worth $20 million to Kraken. The whale was seen depositing 5.5k...
Bitfinex Becomes First Exchange to List New USD-Denominated, Gold-Tethered Asset
18.6.2024
Bitfinex, a leading digital asset trading platform, has announced the listing of a new USD-denominated Tethered Asset, AUSDT, by Alloy by Tether. This innovative offering tethers its value to Tether Gold, backed by physical gold, introducing a new level of stability and reliability to the volatile...
Tether launches gold-backed, US dollar stablecoin Alloy
17.6.2024
The new synthetic dollar is the first step in the rollout of a real-world asset tokenization platform, said Tether
Cardano in peril: Will ADA price crash to $0.38?
17.6.2024
Cardano (ADA), once heralded as a blockchain revolution, is currently facing a troubling future outlook. Market analysts and traders are closely monitoring ADA, as signs suggest a potential plunge to $0.38. This prediction is rooted in a combination of market dynamics, technical analysis,...
Whale increases PEPE holdings by $1.75 million despite previous losses
17.6.2024
Among the peculiarities of the constantly fluctuating crypto market, there are large investors or ‘whales,’ who possess the ability to shift the market trends. More recently, a large whale was in the news for upping their stake in PEPE, a meme-based, or joke, cryptocurrency by $1.75 million. This...
Crypto whale nets $7M from WBTC & ETH investments!
17.6.2024
One of the largest traders in cryptocurrencies closed his longs in WBTC and ETH and made a profit of $7 million. He sold 76.6 WBTC and 2,265 ETH for $13.19 million. This was the end of a leveraged investment plan that he started by borrowing funds from Aave with 5,545 ETH as collateral to purchase...
SEC rejects Ripple Labs plea to lower fines, insists on nearly $2B penalty
17.6.2024
The San Francisco based Ripple Labs Inc. is currently engaged in a legal battle with the SEC over the latter’s request for a $2 billion penalty. They are advocating for a decrease, claiming that Terraform Labs’ recent $4.5 billion settlement is a point of reference. Ripple’s lawyers also say that...
IMF Data Shows Decline in US Dollar Dominance
16.6.2024
Recent data from the International Monetary Fund (IMF) points to an ongoing decline in the U.S. dollar’s share of allocated foreign reserves held by central banks and governments. Economists explained that reserve managers are attracted to nontraditional reserve currencies “because they...
Post-Keynote 2 boom: BlockDAG scoops $49.5M in presale, leaving ApeCoin & Theta in the shade!
13.6.2024
BlockDAG has captured significant interest with its latest Keynote 2, broadcast directly from the moon, which announced the beta release of the X1 Miner app. This pivotal event has propelled BlockDAG’s presale efforts, amassing an impressive $49.5 million and selling over 11.4 billion BDAG...
Terraform Labs settles SEC charges for $4.47B
13.6.2024
One of the biggest collapses in the history of cryptocurrency is finally ending, and Terraform Labs is willing to pay the SEC $4.47 billion. The SEC requested a federal judge in the Southern District of New York to accept the settlement. The new development comes two months after a judicial...
Toncoin (TON) eyes $10 after hitting a new ATH
13.6.2024
Toncoin recently breached the milestone of $7.64, which has triggered speculation about a new level of $10. While a tentative timeline has not been drawn, it is expected to happen anytime soon. Two important factors—the golden cross pattern and the growth of the network—support this. TON’s...
Pixelverse raises $5.5M from leading VCs to fund global expansion of Web3 gaming movement
13.6.2024
Pixelverse, the emerging entertainment studio and game ecosystem, has closed a funding round led by tier-1 VC funds and prominent founders from across the gaming and Web3 space. A total of $5.5M was raised to fund the growth of the Pixelverse gaming ecosystem that has attracted over 15 million...
MoonPay announces PayPal fiat on-ramp for UK and EU
12.6.2024
MoonPay noted that PayPal is the third-most commonly used payment option in the United States, behind Apple Pay and traditional bank cards
Ripple Completes Acquisition of Standard Custody & Trust Company
12.6.2024
Ripple has completed its acquisition of Standard Custody & Trust Company, a regulated digital asset custodian. This acquisition, announced by Ripple earlier this year, involves a trust company regulated by the New York Department of Financial Services. It broadens Ripple’s portfolio...