News

Mar 04

“Paternalistic and Lazy”: SEC Commissioner Blasts Agency Crackdown on Kraken

by Staff writer

Commissioner Hester Peirce said the SEC had failed to issue proper guidance on staking products. Photo: Greg Kahn. Shutterstock image by DCStockPhotography Key Takeaways The SEC is forcing Kraken to shut down its staking services in the United States, claiming the platform failed to properly re...

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Bitcoin

Mar 04

XRP Slumps Even Lower as $0.30 Seemingly in Play (Ripple Price Analysis)

by Staff writer

Ripple’s price has been declining over the last few weeks, with two significant moving average lines broken to the downside. The price could drop deeper in the coming days, as things are not looking good from a technical analysis aspect. Technical Analysis By: Edris XRP/USDT Daily Chart Looking at...

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News

Mar 02

Coinbase Beats Earnings Expectations

by Staff writer

The company reported $604 million in revenue for Q4 of 2022, up 5% from the $590 million it made in Q3. Key Takeaways Coinbase reported higher earnings than expected yesterday. The company made $604 million in revenue in the final quarter of 2022, beating the $590 million it had earned in the t...

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Bitcoin

Mar 01

Stacks Marks 10-Month Highs Above $1, Bitcoin Eyes $24K Again: Market Watch

by Staff writer

Bitcoin’s rollercoaster of around $23,000 and $24,000 continues, as the asset bounced off the former to tap the latter once again in the past 24 hours. Most altcoins have also turned green today, and, somewhat expectedly, as of late, STX has stolen the show. BTC Touched $24K (Again) Last wee...

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News

Mar 01

Yuga Labs to Launch Art Collection on Bitcoin

by Survival Zen

The studio behind Bored Ape Yacht Club wants to take advantage of the Bitcoin Ordinals frenzy. Key Takeaways Yuga Labs is launching a new collection on Bitcoin. The 300-piece generative art collection, named Twelvehold, will leverage Bitcoin’s Ordinal protocol to turn individual satoshis into d...

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News

Mar 01

Former Coinbase Employee Pleads Guilty to Insider Trading

by Survival Zen

Ishan Wahi now faces up to 40 years in jail for taking advantage of Coinbase’s listing process. Key Takeaways Former Coinbase product manager Ishan Wahi pleaded guilty to the insider trading charges laid against him. Wahi admitted to taking advantage of Coinbase’s crypto listing process for mon...

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News

Feb 26

SEC Charges Do Kwon With Offering Unregistered Securities

by Staff Reporter

The regulator claims Kwon fraudulently misled investors on the question of UST’s stability. Key Takeaways The SEC filed a lawsuit against Terraform Labs and Do Kwon. It claims that Kwon sold unregistered securities and violated anti-fraud provisions of federal securities laws. The agency wants...

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Bitcoin

Feb 25

Coinbase’s In-House Blockchain Launch Followed By Impersonation Tokens

by Staff Reporter

Coinbase launched its own Layer-2 blockchain yesterday, built in collaboration with Optimism in its OP stack. The new Layer-2 blockchain, named Base, will host many of Coinbase’s on-chain products and offer EVMs at low costs to developers. Piggybacking on Recent News Unfortunately, opportunistic ba...

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Bitcoin

Feb 24

Satoshi Nakamoto’s Last Unfinished Project Inspires New Online Marketplace Disruptor in Crypto

by Jim Black

[PRESS RELEASE – Zurg, Switzerland, 23rd February 2023] A fork of Bitcoin, known as Particl, has announced the completion of an eBay-style marketplace that’s been integrated into its wallet. Built using blockchain smart contracts, the marketplace is derived from an original concept first proposed...

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News

Feb 24

Crypto Hedge Fund Galois Capital to Shut Down due to FTX Losses

by Jim Black

Galois Capital lost almost half of its funds in the FTX debacle. Key Takeaways Crypto hedge fund Galois Capital is closing down. The firm claims that almost half of its assets were still on FTX when the exchange collapsed. It has already sold its FTX claims for 16 cents on the dollar. Crypto...

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Bitcoin

Feb 23

MATIC Bulls Beaten at $1.5, Here’s the Imminent Support Level to Watch (Polygon Price Analysis)

by Staff Reporter

The rally has ended for Polygon with the completion of its Elliot impulse wave. Polygon Price Analysis Key Support levels: $1.3, $1 Key Resistance levels: $1.5 After a sustained rally, MATIC seems to have found a local top at the $1.5 key resistance. The price briefly moved above this level bef...

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Bitcoin

Feb 22

ETH Eyes This Level if it Crashes Below $1.6K (Ethereum Price Analysis)

by Staff Reporter

Ethereum’s price is struggling to break above a key resistance level following a substantial rally over the last couple of months. However, there are multiple support levels that could hold the price in case of a reversal. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the pr...

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Bitcoin

Feb 20

Unsecured Voyager Creditors Subpoena FTX Executives

by Keiran Clark

After the FTX Group unceremoniously attempted to claw back the repayment of Alameda’s loan to Voyager, lawyers on the side of the struggling crypto platform have responded with a two-part salvo of legal requests. In the FTX Group’s original filing, the firm claimed that Voyager had failed to do due...

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Bitcoin

Feb 20

UK Fintech Investment Fell Nearly 60% in 2022: KPMG Report

by Keiran Clark

The United Kingdom’s crypto and fintech industries saw investment dry up in the latter half of 2022 amid a combination of turbulent macroeconomic conditions and record-high inflation. Businesses in the region completed a total of 591 fintech deals in 2022, compared to 724 in 2021.  The Fintech...

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News

Feb 19

Russia’s Largest Bank to Launch Ethereum-Compatible DeFi Platform

by Keiran Clark

Key Takeaways Sberbank is set to launch an Ethereum-compatible DeFi platform. Launch will happen on multiple steps, with commercial transactions enabled by the end of April. Sberbank is the largest bank in Russia and the third largest in Europe. Russia’s various financial institutions and ban...

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