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Turkish Crypto Exchange Boss Gets 11,196 Years in Prison
10.9.2023
The CEO of collapsed Turkish crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in cryptocurrency belonging to more than 400,000 customers. The court found his crypto trading platform to be a criminal...
JPMorgan Mulls Blockchain-Based Deposit Token, Report
10.9.2023
America’s biggest bank by assets, JPMorgan Chase, is exploring a blockchain-based deposit token for cross-border payments and interbank transfers. If approved by regulators, the banking giant may create the digital asset, which would be different from its existing JPM Coin as it could be used...
Coinbase Seeks Expansion in Markets With Clear Crypto Rules Unlike US
9.9.2023
America’s leading cryptocurrency exchange, Coinbase, plans to expand its business in jurisdictions that are adopting clear regulations for the sector. These include markets in Europe, Asia and the Americas as opposed to the United States which, the company says, is enforcing existing rules and...
MetaMask introduces ETH-to-Cash feature; DOT, MATIC, and QUBE catch whales eyes
9.9.2023
The crypto world is constantly evolving, and the latest move from MetaMask has sent ripples of excitement through the crypto community. The popular crypto wallet and decentralized application (dApp) browser recently introduced an ETH-to-cash feature. This innovative move will allow users to sell...
Fourth Consecutive Week of Decline: NFT Sales Dip 6.75%
9.9.2023
Non-fungible token (NFT) sales took yet another dip this week, marking the fourth consecutive week of decline, albeit a slight one, with a decrease of 6.75%. From September 2, 2023, to September 9, the total sales for this week amounted to approximately $80.69 million, with a notable chunk...
Biggest Movers: DOGE Moves Away From Support Level, XLM Nears 1-Month High
9.9.2023
Dogecoin moved away from a key price floor on Saturday, as the meme coin ended a three-day winless run. Price has traded in the red since Wednesday, leading to a collision with a support point of $0.0620. Stellar also rallied, nearing a one-month high in the process. Dogecoin (DOGE) Dogecoin (DOGE)...
Binance dropping BUSD in 2024, investors moving to Tether (USDT) – What does this mean for Bitcoin Spark?
9.9.2023
The recent news of Binance dropping BUSD in 2024 has created a wave of uncertainty within the crypto community. Having said that, Bitcoin Spark’s investors and would-be investors are concerned about what this move could mean for their beloved cryptocurrency. What is BUSD? BUSD, or Binance...
Bitcoin, Ethereum Technical Analysis: Price Movement in BTC, ETH Stalls to Start the Weekend
9.9.2023
Bitcoin consolidated for yet another week, as price entered Saturday around the same point at which it stood on Monday. Despite a brief rally on Thursday, which saw the price move above $28,000, the cryptocurrency has largely been unchanged. Bitcoin Bitcoin started the weekend trading close to...
Ripple's CLO calls SEC's latest filing "Hypocritical Pivot"
9.9.2023
He pointed out that Gensler had requested an urgent appeal while simultaneously asserting that crypto regulations and rules were clear and must be adhered to by the industry
Congressman Tom Emmer seeks amendment to limit SEC's crypto oversight
9.9.2023
Emmer intends to introduce an appropriations amendment that will limit the SEC's utilization of funds for digital asset enforcement until comprehensive rules and regulations are put in place
FBI Traces $41 Million Cryptocurrency Theft From Stake.com to Lazarus Group
9.9.2023
The Federal Bureau of Investigation (FBI) says it has confirmed that North Korea’s Lazarus Group was behind the crypto theft of about $41 million from online crypto casino and sports betting platform Stake.com. The FBI has provided a number of Bitcoin, Ethereum, Binance Smart Chain (BSC),...
Tether Boasts $72.5 Billion US Treasury Exposure as Interest in National Debt Falters
9.9.2023
Tether, the largest stablecoin in the cryptocurrency market, discussed how its leverage of U.S. treasury bills creates a steady demand for U.S. national debt as a backup of the USDT issuance. The company has exposure to almost $73 billion in U.S. debt, held directly, indirectly, or as collateral...
Binance Boss Counters ‘FUD’ Amidst Legal Challenges, Touts Company’s Resilience and Low Turnover
8.9.2023
Binance has faced a series of negative news reports in recent weeks. However, the cryptocurrency exchange’s leader, Changpeng Zhao, known as CZ, used social media to assure the community that the reports were just fear, uncertainty, and doubt (FUD). Despite the departure of some...
BTC’s limelight was taken by LINK, ROE, and STX after Grayscale win
8.9.2023
In a crypto world overshadowed by Bitcoin’s recent woes, alternative cryptocurrencies like LINK, Borroe.Finance ($ROE), and STX are emerging as the new stars. This transformation comes in the wake of a groundbreaking victory for Grayscale Investments against the SEC, signaling a paradigm...
Ripple Acquires Crypto Financial Services Company Fortress Trust
8.9.2023
Ripple, a leading blockchain and cryptocurrency company, has acquired Fortress Trust, a Nevada-licensed financial services provider for the crypto industry. The purchase expands Ripple’s regulatory licenses and infrastructure to bolster its position in enterprise blockchain solutions. Ripple...
Biggest Movers: CRO Moves From 3-Month Low, XLM Extends Recent Gains
8.9.2023
Cronos rose for a second consecutive session, as the token continued to move away from a recent three-month low. Volatility in the marketplace was high on Friday, after several days of price consolidation. Stellar also surged, moving to a three-day high. Cronos (CRO) Cronos (CRO) continued to move...
Worldcoin’s Centralization Dilemma: 100 Wallets Still Dominate 93% of Total Supply
8.9.2023
Since August 11, 2023, the number of unique digital wallets storing the iris-scanning cryptocurrency worldcoin (WLD) stood around 468,466. But in the weeks since, ownership of the fledgling crypto has expanded by over 26% to 591,633 wallets. However, worldcoin’s value has moved in...
BNB and Solana set to be outperformed: The dawn of Bitcoin Spark
8.9.2023
While BNB and Solana have made significant strides, innovation, and advancement are the driving forces in the fast-paced crypto arena. A new dawn has been poised to challenge the dominance of established players like Binance Coin (BNB) and Solana (SOL). Bitcoin Spark (BTCS) brings along a unique...
Bitcoin, Ethereum Technical Analysis: Volatility Returns to BTC, ETH During Friday’s Session
8.9.2023
After price climbing above the $26,000 level earlier in the day, bitcoin bulls have retreated from earlier positions, sending prices lower in the process. The decline comes after price collided with a key resistance point. Ethereum has also slipped, after moving closer to $1,700. Bitcoin Volatility...
Australian Crypto Exchange Swyftx Offers Financial Incentives to Learners Completing Crypto Course
8.9.2023
The Australian cryptocurrency exchange Swyftx has said it will offer financial rewards to users who complete its crypto education course. The crypto exchange said it expects as many as 80,000 participants and has promised a reward of just over $64 for those completing the course. Improving...