Bitcoin and other cryptocurrencies experienced a decline as analysts predict further declines in the market.
Global payments firm Visa has expanded its stablecoin settlement capability to include USD Coin (USDC) tokens issued on the Solana blockchain, allowing for faster and more efficient cross-border settlements.
Binance.US CEO Brian Shroder leaves as the crypto exchange downsizes its workforce due to regulatory pressures, including a lawsuit from the SEC.
The US Securities and Exchange Commission has submitted a sealed motion in its case against Binance, prompting speculation about potential further negative developments for the cryptocurrency exchange.
Solana (SOL) has the potential for exponential gains in the long term, according to a crypto trader, although short-term volatility and a potential liquidation from FTX could cause temporary price drops.
The price of the memecoin Pepe has dropped by 15% after developers sent a significant amount of tokens to exchanges, sparking concerns of a "rug pull" and leading to a change in the team's multisig wallet.
Crypto exchange Coinbase has confirmed its decision to integrate the Lightning Network, a layer 2 payment protocol, in order to enable faster and cheaper Bitcoin transactions and compete against newer cryptocurrency projects.
The U.S. Treasury and IRS have proposed regulations for crypto tax reporting, emphasizing the importance of accurately reporting and tracking crypto activity; investors are advised to consider amending past tax returns and keep their own records despite the introduction of Form 1099-DA.
Karl Greenwood, a founder of the OneCoin pyramid scheme, has been sentenced to 20 years in prison and ordered to forfeit $300 million for his role in defrauding over $4 billion from millions of victims.
Former OpenSea employee Nathaniel Chastain was sentenced to three months in prison and ordered to pay a fine after being convicted in the first-ever insider-trading case involving digital assets, where he used confidential information to make thousands of dollars through NFT transactions.
CoinEx, a global cryptocurrency exchange, suffered a hack where large amounts of digital assets were stolen, with preliminary estimates suggesting a loss of around $43 million, possibly linked to the North Korean hacking group Lazarus.
Robinhood holds over $3.2 billion worth of bitcoin in a single wallet, making it the third-largest bitcoin holder globally, behind Binance and Bitfinex.
The Securities and Exchange Commission (SEC) has determined that the sale of non-fungible tokens (NFTs) tied to the Stoner Cats web series was illegal, as the NFTs were considered unregistered securities, resulting in a $1 million fine and the destruction of all remaining NFTs for the company behind the series, Stoner Cats 2 (SC2).
Solana Pay, the decentralized payment app developed by Solana Labs, has been integrated with Shopify, allowing millions of businesses to offer Solana Pay as a payment option to their customers, with initial integration featuring the USDC stablecoin. The integration offers fee-free transactions and the potential for creative loyalty programs, and several crypto-focused teams and brands have already planned to integrate Solana Pay into their Shopify storefronts.
Stoner Cats, the animated series that was exclusive to NFT holders, has agreed to a cease-and-desist order from the SEC after conducting an unregistered offering of NFTs as crypto-asset securities.
Robinhood has ended its business relationship with market-maker Jump Trading as the firm faces increased regulatory scrutiny and is reportedly backing away from the US market.
Sam Bankman-Fried and his legal team have submitted a list of proposed questions for potential jurors ahead of his trial, providing insight into the topics that will be covered and revealing their perceived strengths and weaknesses.
OpenAI has announced the availability of fine-tuning for its GPT-3.5 Turbo model, allowing developers to train the AI model on their own data and achieve better performance on specialized tasks, offering a customization edge against competitors like Google and Anthropic.
Fugitive Mastermind of $4B OneCoin Pyramid Scheme Still at Large After Partner Sentenced to 20 Years
The mastermind behind the $4 billion OneCoin Ponzi scheme, Ruja Ignatova, remains at large, while her accomplice, Karl Greenwood, has been sentenced to 20 years in prison for wire fraud and money laundering charges. Ignatova, an Oxford-educated Bulgarian, disappeared in 2017 and is currently on the FBI's Most Wanted list, with a reward of up to $250,000 for information leading to her arrest. The fraudulent cryptocurrency scheme affected at least 3.5 million victims from 2014 to 2016.
A federal judge has overturned the SEC's denial of Grayscale's Bitcoin Trust ETF, potentially paving the way for the first spot Bitcoin ETF in the US, although experts suggest further steps are needed for its approval.
Cryptocurrencies experienced a significant drop ahead of Federal Reserve Chair Jerome Powell's Jackson Hole Symposium speech, while the global crypto market capitalization decreased by 0.83% in the last day.
SWIFT's bank messaging network has increased its processing speed and is now exploring technology to connect central bank digital currencies (CBDCs), with three central banks joining the beta phase of its CBDC interoperability project.
The U.S. Securities and Exchange Commission (SEC) treating a non-fungible token (NFT) as a security for the first time highlights the need for developers to consider regulatory compliance when selling crypto-assets.
Ethereum Launches Holesky, Its Largest Testnet Yet, To Replace Goerli and Boost Testing Capabilities
Ethereum is set to release its newest testnet called Holesky, aiming to improve the testing capabilities of the ecosystem by enabling more rigorous conditions for infrastructure and protocol upgrades. The new testnet will replace the existing Goerli testnet, which has struggled to meet the growing demands of Ethereum's developer community.
Sam Bankman-Fried, the founder of FTX, is facing difficulties in jail ahead of his trial, as he is lacking computer access, medications, and support for his vegan diet, preventing him from preparing an effective defense against fraud and conspiracy charges.
Collapsed digital asset exchange FTX has been approved by a judge to sell $3.4 billion in crypto assets, including Solana, Ethereum, and Bitcoin, to repay creditors and recover from bankruptcy.
Cardano (ADA) price shows signs of rebound as a spike in ADA staking could potentially spark a bullish momentum in the coming weeks, with holders staking $50 million in the last 5 days and aiming for gains before selling, while resistance at $0.28 could pose a challenge.
The US Securities and Exchange Commission (SEC) is utilizing AI technology for market surveillance and enforcement actions to identify patterns of misconduct, leading to its request for more funding to expand its technological capabilities.
The BRICS alliance is set to expand with the inclusion of Saudi Arabia, the United Arab Emirates, and four other major countries, which have received official invitations to join on January 1st, 2024.
Google's AI tool Bard predicts that the price of Shiba Inu (SHIB) could increase by up to 395% by 2025, 751% by 2030, and even as much as 11.6 million percent by 2050 under certain conditions.
Prominent crypto YouTuber Ben Armstrong has been fired from Bitboy Crypto for financial damage and substance abuse, according to an announcement made by the company.
Deutsche Bank is partnering with Swiss startup Taurus to offer digital asset custody and tokenization services, following the bank's application for a crypto custody license from Germany's financial watchdog. The bank plans to initially offer custody for selected cryptocurrencies and stablecoins, with a broader focus on tokenized financial assets in the future.
An unknown Bitcoin wallet has amassed over $3 billion worth of Bitcoin in just over three months, leading to speculation about its owner, with some suggesting it could be BlackRock, although there is no solid evidence to support this theory.
The value of tokenized real world assets is expected to reach $16 trillion by 2030, with $3 billion in assets already tokenized, bringing efficiencies in payment and settlement and democratizing finance by making global investment opportunities more accessible to the general population through fractionalized investments.
Solana's price dropped significantly after the collapse of FTX and the approval of the sale of FTX's digital assets, but there is potential for a counter move to the upside due to FTX's holdings being locked until 2025-2028 and the possibility of a short squeeze.
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Binance.US is accused by the SEC of not cooperating in a probe and violating federal securities law by using a custody provider provided by its international arm, but the exchange claims that regulators are on a "futile fishing expedition" and asserts that customer assets are safe.
Lawyers for the Department of Justice argue that Sam Bankman-Fried's defense strategy of alleging approved fraud by his lawyers should be rejected as irrelevant, as Bankman-Fried awaits trial for fraud charges related to the collapse of his crypto exchange.
The decentralized finance (DeFi) landscape is experiencing a significant loss of Total Value Locked (TVL) across major blockchain networks, including Ethereum, Solana, and Cardano, causing unease in the crypto market, while the Base blockchain network shows unexpected growth in TVL.
Defendants Ripple Labs, Brad Garlinghouse, and Chris Larsen, along with the U.S. Securities and Exchange Commission (SEC), have indicated to the court that they will be unavailable for trial in Q2 2024, suggesting that the trial will likely take place after the Bitcoin halving; meanwhile, the XRP price has rebounded as the XRP community remains optimistic about the outcome of the trial.
The relaunch of Shiba Inu's layer-2 scaling solution, Shibarium, has attracted over 50,000 wallets and caused a rally for Bone ShibaSwap, resulting in a 6.6% increase in one day for the altcoin.
The Ministry of Education of El Salvador has partnered with nonprofit Mi Primer Bitcoin to introduce Bitcoin education into the country's public school curriculum by 2024, with the aim of becoming an example for the world and potentially inspiring other nations to implement similar programs.
Bitcoin non-profit ₿trust, funded by Jack Dorsey, has acquired Qala, an organization dedicated to training Bitcoin and Lightning engineers in Africa, with Qala rebranding as the ₿trust Builders Programme and aiming to drive development and education across the Global South.
The price of Shiba Inu (SHIB) has dropped by 3% in the past 24 hours, but indicators suggest that it is due for a rebound, particularly if the relaunch of the Shibarium network is successful, which could result in a steadily rising price for SHIB. Additionally, investors looking for shorter-term gains may consider newer meme tokens like Sonik Coin (SONIK), which has already raised over $400,000 in its presale and aims to reach a market cap of $100 million quickly.
Coinbase has launched a new crypto lending service for institutional clients, offering overcollateralization and secured loans in the wake of the bankruptcies of similar firms Genesis and BlockFi.
Shibarium, the Shiba Inu Layer 2 solution, is preparing to go public with exciting updates and enhancements, including a new monitoring system, additional fail-safes, and a revamped testnet explorer called Puppyscan.
FTX founder Sam Bankman-Fried's lawyers claim that prosecutors delivered four million pages of documents for him to examine six weeks before trial, making it impossible for him to adequately review the evidence from prison. Bankman-Fried is accused of intentionally deceiving customers and investors and playing a central role in the collapse of his company. His lawyers have requested his release to prepare for trial.