The Australian Securities and Investment Commission (ASIC) successfully initiated a court order in Australia, leading to the confiscation of around US$41 million worth of digital assets from the NGS group of blockchain mining companies. This action came as a result of ASIC’s regulatory interventions against unauthorized financial activities connected to cryptocurrency. Regulatory Action on NGS … Read more
Crypto expert Ali Martinez is optimistic about Pepecoin (PEPE), predicting further gains for the popular meme token. This viewpoint follows PEPE‘s recent surge by 11% over the last week. PEPE’s next move At present, PEPE is priced at $0.00000717, representing a 3.73% rise over the past 24 hours. Based on recent trends, it appears that … Read more
Recent on-chain data indicates that the number of Bitcoin coming into exchanges from large wallets, or “whales,” has been minimal. This could be a signal that these investors have not been inclined to sell their Bitcoins. Bitcoin Inflows For Binance & OKX Have Stayed Low Recently According to Ki Young Ju, the CEO of CryptoQuant, … Read more
Elon Musk’s company X has spoken out against the Brazilian government for disregarding its court appeals. These cases were initiated when Musk’s business was accused by Brazilian courts of meddling with their proceedings. Nevertheless, the company emphasizes the importance of free speech and expression, arguing that the government must provide valid reasons before silencing individuals … Read more
Ripple has sounded the alarm for XRP users: Be wary of fraudulent schemes. These deceitful activities have been aimed at XRP owners, with some con artists even using deepfakes of Ripple‘s CEO, Brad Garlinghouse, to lure victims into free XRP giveaway traps. To clarify for the community, Ripple wants to make it clear that neither … Read more
Michael Saylor, the founder and ex-CEO of MicroStrategy and an avid Bitcoin supporter, recently shared a new Bitcoin-related update with his large following on social media platform X. This message provoked a mixed reaction from the cryptocurrency community. Saylor’s new “divine” Bitcoin message and Mandalorian post Michael Saylor shared an artificial intelligence-created picture of Bitcoin … Read more
The price of Bittorent, which is based on the open-source protocol TAO powering a decentralized network, experienced a notable decline in the past 24 hours. At first, there was a market uptick, pushing the value to an unprecedented peak of $733. Bittorent’s price surged above $700, demonstrating strong market performance. However, this upward trend did … Read more
On the XRP Ledger (XRPL), the mainnet now features a fresh amendment called “fixNFTokenReserve.” This is an important advancement for the decentralized blockchain. fixNFTokenReserve Scales Through At approximately 12:21 UTC on April 12, XRPScan, the leading XRPL explorer, reported that the activation of the fixNFTokenReserve amendment occurred. This update was incorporated in version 2.1.0. Much … Read more
In an intriguing development within the cryptocurrency world, Solana, a well-known layer 1 blockchain, has taken the lead in on-chain financial activity. This was evident as Solana’s total transaction fees soared by almost 400%. As a result, Solana outpaced BNB Chain and Tron in terms of transactional fees accumulated. Nevertheless, Ethereum continues to dominate the … Read more
The story of FTX’s cryptocurrency exchange collapse in November 2022 and the ensuing trial of its CEO, Sam Bankman-Fried, continues to astonish many due to the significant financial losses sustained. These losses pushed FTX to record lows not seen in a month. The failure of Terra’s algorithm stablecoin before FTX’s collapse amplified the market effects. … Read more