17:00 Today in Crypto: SBF's Attorneys Ask for His 'Temporary Release', Bybit and OKX Exclude Sanctioned Russian Banks From Payment Options, Verified Scam Accounts Targeting Crypto Twitter are 'Out of Control'
Judge Cites Ripple Case in Rejecting CEL's Security Classification in Bankruptcy Proceedings Source: AdobeStock / Timon A bankruptcy judge has refused to determine whether CEL, the native token of Celsius, should be classified as a security, citing the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC). Otis Davis, one major CEL token order, had previously asked the judge to "recognize the legal precedent that has […]
Tether Reserves Report: USDT Maintains Dominance With $86.1 Billion Total Assets, Over 100% Reserve-Backed Source: Depositphotos Stablecoin issuer Tether posts its total assets at $86.1 billion as it maintains its leading market share despite growing competition and uncertain regulatory conditions. In the company’s reserve report, while total assets stood at $86.1 billion, its liabilities amounted to $82.8 billion. Liabilities include user assets held in USDT across multiple networks. This […]
Today in Crypto: HashKey to Start Offering Crypto Trading to Retail Clients in Hong Kong, ARK Invest & 21Shares Apply for Futures ETFs, Prime Trust Lost $8 million of Client & Treasury Funds in a TerraUSD Investment
Pepe Coin Price Prediction as PEPE Slumps 15% Amid FUD Over Strange Multisig Changes PEPE Chart / Source: Adobe The price of Pepe Coin ($PEPE), the crypto market’s third largest meme coin by market capitalization and best-performing crypto asset of the year so far, recently fell as much as 14% in minutes amid a wave of social media Fear, Uncertainty and Doubt (FUD). Pepe Coin has been trading around […]
Today in Crypto: Sinapore's Banking Giant DBS Unveils Its Metaverse Concept, UK Explores 'Best Way' to Ban Cold Calling for All Financial Products Including Crypto, SBF's Layers Can 'Make Unlimited Advantage of Visitation Hours' DBS BetterWorld. Source: a video screenshot, DBS / YouTube Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Metaverse news Singapore’s biggest bank, DBS, unveiled its metaverse concept for DBS BetterWorld, "a gamified adventure to demonstrate how the metaverse can be leveraged […]
FTX Teams Up with Galaxy to Strategically Manage Crypto Holdings Amid Bankruptcy Source: AdobeStock / Rafael Henrique Now-defunct crypto exchange FTX has hired crypto firm Galaxy to handle its cryptocurrency holdings through selling, staking, and hedging. Led by crypto billionaire Mike Novogratz, Galaxy will provide advisory services to FTX with the goal of limiting its exposure to adverse price movements, the company said in court filings submitted late on Wednesday. After its high-profile collapse in […]
Binance Warns of Escalating Pig Butchering Scams – What's Going On? Source: AdobeStock / Richelle The number of 'pig butchering scam' cases reported to Binance has increased by 100.5% from 2022 to date, the exchange said. Binance warned that the number of reported pig butchering scam cases doubled over the past year. Scammers are drawn to whatever is gaining popularity: "Wherever there’s an opportunity to promise […]
Former NJ Officer Arrested for Alleged Crypto Scheme Targeting First Responders Source: Adobe/Bits and Splits A former corrections officer from New Jersey has been arrested for targeting law enforcement and first responders in an investment scheme involving a digital token. John DeSalvo, a 47-year-old resident of Marmora, New Jersey, allegedly created and promoted the Blazar Token in a bid to lure investors with the promise of a "crypto […]
Digital Yuan ‘Spurs Rise in Mainland China-Hong Kong Cross-border Payments’ Source: Richie Chan/Adobe The Chinese digital yuan pilot’s spread to Hong Kong may be playing a part in driving up cross-border payments, media outlets have suggested. Per China Fund News, via the Securities Times, certain types of “cross-border payments” between Mainland China and Hong Kong, as well as the mainland and Macau, have “increased tenfold” […]
Solana Price Prediction as Solana Pay Intergrates with Shopify Online Marketplace Platform – Can SOL 10x From Here? SOL Chart / Source: TradingView Solana (SOL), the cryptocurrency that powers the high-performance Solana protocol, a layer-1 smart-contract-enabled blockchain known for its fast transaction speeds and high throughout, has been recovering in tandem with the broader market on Wednesday. SOL was last up around 3.5% and trading in the mid-$21s, with the price hovering between […]
Binance Faces Criticism Over Alleged Transactions with Blacklisted Russian Lenders Binance Logo / Source: Adobe Binance is facing criticism for its alleged involvement in facilitating transfers to and from blacklisted Russian lenders. According to a Tuesday report from The Wall Street Journal, the world's largest cryptocurrency exchange offered its customers the option to use five sanctioned Russian lenders, including Rosbank and Tinkoff Bank, for processing payments in peer-to-peer transactions. Binance […]
Biggest Crypto Gainers Today on DEXTools – SP500, SALT, XD DEXTools Logo / Source: DEXTools Twitter Blue chip cryptocurrency prices are on the front foot on Wednesday as US yields and the US dollar fall and US equity prices rise on a raft of weaker-than-expected US survey data. Bitcoin (BTC) recovered to trade in the $26,300s and Ether (ETH) to the upper $1,600s, both up […]
Today in Crypto: Bitcoin Mining Difficulty Hits ATH, Unstoppable Domains Launches Unstoppable Messaging Based on Web3 Domains, Binance.US Partners with MoonPay for USD-to-Crypto Conversion, US FBI Identifies 6 Lazarus-Linked Bitcoin Wallets Source: AdobeStock / jetcityimage Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Mining news Bitcoin (BTC) mining difficulty, or the measure of how hard it is to compete for mining rewards, went up 6.17 % yesterday, hitting a new all-time high […]
World Mobile Launches Decentralized Internet Service on Google Play in the US Image Source: Pixabay Decentralized mobile internet provider World Mobile has officially launched its services on Google Play. In a Tuesday blog post, the company revealed that its app is now available for users in the United States, the United Kingdom, Australia, Canada, and Tanzan. By leveraging blockchain technology and existing aerial and terrestrial infrastructure, World Mobile aims to offer users a more affordable option […]
BlockFi Challenges FTX, Three Arrows in Legal Dispute Over Repayments Image Source: Shutterstock Bankrupt crypto lender BlockFi is trying to block efforts from FTX and Three Arrows Capital (3AC) to recover billions of dollars transacted between the firms before they collapsed last year. In a Monday court filing, BlockFi accused FTX and Three Arrows Capital of victimizing the company and claimed that they are not entitled to the $5 billion they are […]
Today in Crypto: Thailand May Banish Facebook Because of Crypto Scam Ads, Terra Freezes Website Due to Phishing Scams, Phantom Launches the 'Sign In With Solana' Feature
BNB Price Prediction Amid Speculation CZ Pushing to Liquidate & Burn Illegal Tokens BNB Chart / Source: TradingView BNB, the tokens that powers the Binance Smart Chain or BNB Chain, fell to its lowest level since July 2022 under $210 on Monday. Speculation is rife that Binance CEO Changpeng Zhao might be pushing for a series of major loan liquidations on the BNB Chain-based Venus protocol. Last October, […]
Biggest Crypto Gainers Today on DEXTools – BIC, ULTRA, 0xS DEXTools Logo / Source: DEXTools Twitter Blue chip cryptos like Bitcoin (BTC) and Ether (ETH) are trading within their thin weekend ranges on Monday, with the latter recently edging back under $26,000 and the former holding just to the north of the $1,650 level. Cryptocurrency markets took a beating last week as the recent pullback […]
Today in Crypto: Pup Balltze Cheems Dies at Age 12, Kenya Forms Committee to Investigate Worldcoin, Solo Miner With Just 1PH of Hashrate Gets Full $160,000 Bitcoin Block Reward
Cryptocurrency Startup Sues Crypto.com Exchange After Falling Victim to Scam Source: AdobeStock / IB Photography Cryptocurrency startup Glow Token LLC filed a lawsuit in a US court against the Crypto.com exchange over a recent fraud, alleging negligence and breach of contract. The lawsuit was filed on August 10, assigned to Judge Jose Martinez of the Florida Southern District Court, and last updated on August […]
Coinbase's Global Exchange Surges with $280 Million Daily Trading Activity – Can it Overtake Binance?
XRP Price Prediction as Judge Torres Grants SEC's Ripple Case Appeal Process – Will XRP Fall to 1 Cent? XRP/USD Chart / Source: TradingView While XRP is trading more than 16% up from Thursday’s lows and is back to the north of its 200DMA and the psychologically important $0.50 level, the world’s fifth-largest cryptocurrency by market capitalization continues to trade lower by around 20% on the week. XRP, the token that powers the XRP […]
Today in Crypto: Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable its Operator Filter, Taiwan Proposes Business Category for Crypto Firms to Self-regulate & Form Industry Associations Source: AdobeStock / PixieMe Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ CBDC news Global payments giant Mastercard is forming a central bank digital currency (CBDC) program with Ripple and blockchain development firm Consensys as initial partners. Mastercard is convening this […]
Crypto Market Dumps as Coinbase Set to Suspend Tether USDT and Dai Stablecoins for Canadian Users – What’s Going On?
FTX-Linked Bank Receives Federal Enforcement Action for Digital Asset Activities Image Source: Unsplash The Federal Reserve Board has taken enforcement action against Farmington State Bank, a small bank linked to now-defunct crypto exchange FTX, for engaging in undisclosed digital asset activities. According to a Thursday press release, the Federal Reserve Board, in collaboration with the Washington State Department of Financial Institutions, has directed Farmington State Bank, known as Moonstone […]
