Ripple has announced its intent to acquire Fortress Trust, a financial, regulatory, and technology infrastructure provider, in order to accelerate their business and enhance their offerings in the crypto infrastructure field.
Former head of product at OpenSea, Nate Chastain, has been sentenced to three months in prison for insider trading NFTs worth over $50,000, a sentence that is attributed to his modest earnings from the trades.
The total value locked (TVL) in decentralized finance (DeFi) protocols has dropped to its lowest level since February 2021, reaching $37.5 billion, due to factors including the recent decline in Bitcoin and Ethereum prices, the U.S. government's regulatory crackdown on crypto, and lower yields on DeFi assets compared to U.S. Treasuries.
A new method called Cointime Economics has been proposed for analyzing Bitcoin on-chain metrics, introducing the concept of "coinblocks" to represent the state of the BTC network, potentially improving valuation metrics and measuring Bitcoin activity.
Investing platform Robinhood holds over $3 billion in bitcoin in a single wallet, making it the third-largest bitcoin holder, behind Binance and Bitfinex.
The CEO of crypto exchange Thodex has been sentenced to over 11,000 years in prison for stealing $2 billion worth of crypto assets from customers.
Bitcoin (BTC) dropped below $26,000 as bearish sentiment and lack of new catalysts weighed on the market, with major tokens like XRP, ADA, and SOL also experiencing a downtrend, while traditional markets saw gains.
The Twitter account of Ethereum co-founder Vitalik Buterin was compromised, resulting in victims losing over $691,000 through a malicious link that falsely promoted a free NFT.
### Summary Binance introduces Binance Pay in Brazil, facilitating the adoption of major cryptocurrencies like XRP, Shiba Inu, and Bitcoin; Ripple executives Brad Garlinghouse and Chris Larsen provide trial availability for 2024; Shiba Inu hits a new adoption milestone with an increase in SHIB holders.
Shibarium, a layer-2 blockchain developed by the Shiba Inu team, has reopened fund withdrawals on its bridge to Ethereum, allowing users to move assets between the two networks.
New data reveals that there are now over 180 individuals worldwide who own at least $100 million worth of crypto assets, with almost half of them obtaining their wealth from holding or trading Bitcoin.
Senator Ted Cruz supports the Texas Bitcoin mining industry and believes it can enhance the resiliency of the energy grid during times of crisis such as extreme weather conditions. He defends the industry's ability to quickly power down machines and free up energy for essential needs.
The 1inch Investment Fund's crypto wallet has purchased $10 million worth of Ether (ETH) after cashing out on previous trades, bringing its total digital asset holdings to $80 million.
United States lawmaker Tom Emmer plans to sponsor a bill that would limit the Securities and Exchange Commission's ability to enforce regulations on the crypto industry, citing concerns over the agency's abuse of authority.
Bitcoin is recovering from a "black swan" event similar to the 2020 COVID-19 crash, as on-chain data shows a spike in loss-making unspent transaction outputs (UTXOs), indicating potential selling pressure in the market.
The FBI has warned crypto companies that funds associated with North Korean hacker groups, Lazarus Group and APT38, have been moved and they may attempt to cash out their holdings, with roughly 1,580 Bitcoin, worth around $40 million, being linked to the cyber criminals.
Bitcoin may experience a period of stagnation before turning bullish again, according to crypto analyst Jason Pizzino, who believes that the cryptocurrency could remain in its current pattern for the next couple of months before potentially surging in late 2021 or early 2024.
Binance's Belgian customers can continue using the crypto exchange through a Polish entity registered within the European Union, allowing them to bypass the country's local regulator's order to cease operations.
Riot Platforms mined $8.9 million in bitcoin in August, but their revenue was significantly boosted by selling excess power back to the Texas grid, reducing costs and making them one of the lowest cost producers of bitcoin in the industry.
FTX, a beleaguered crypto exchange, is expected to gain approval to liquidate $3.4 billion in cryptocurrencies, potentially impacting Ethereum, Solana, and altcoins, while FTT, FTX's proprietary token, raises concerns due to limited liquidity and market depth.
Cryptocurrency exchange Binance has imposed restrictions on its peer-to-peer trading platform, banning Russian residents from using fiat currencies other than the Russian ruble and requiring Russian KYC verification and residency for ruble transactions, possibly in response to Western sanctions or new fiat currency restrictions imposed by the Russian government.
The second-largest meme cryptocurrency, Shiba Inu (SHIB), has reached a major milestone with over 410 trillion tokens burnt, valued at approximately $3.41 billion, but the burn rate has been declining recently.
Bitcoin is facing challenges in achieving mass adoption in El Salvador due to the educational barrier and the preference for cash among the unbanked population, but initiatives like DitoBanx and Bitcoin Beach are working to create a more accessible and user-friendly bitcoin ecosystem in the country.
Coinbase CEO Brian Armstrong revealed in an interview that the exchange is interested in developing the next generation of stablecoins, including the concept of flatcoin, which would be backed by the Consumer Price Index (CPI) or purchasing power rather than a fiat currency.
Coinbase plans to halt all exchange services for users in India due to regulatory challenges, prompting existing users to withdraw their funds and disabled new sign-ups, while encouraging users to download Coinbase Wallet instead.
CoinDesk, a leading news outlet on cryptocurrency and digital assets, has updated its privacy policy and terms of use, and emphasizes its commitment to journalistic standards and editorial policies.
The price of Solana (SOL) has dropped over 6% in the last 24 hours due to concerns that bankrupt crypto exchange FTX may sell off significant amounts of SOL and other Solana-based tokens, totaling $128 million, on the market.
Both meme coins Pepe (PEPE) and Shiba Inu (SHIB) have experienced significant losses of over 20% in the past week, with PEPE dropping 22% and SHIB falling 21.6%, possibly due to the troubled launch of the Shiba network's layer-2 blockchain, Shibarium. Additionally, Bitcoin and Ethereum have also seen declines after news of Evergrande's bankruptcy filing.
German artist Mario Klingemann has developed an AI tool called Botto that creates art, which is then voted on by a human community of users, minted as NFTs, and sold on OpenSea, raising questions about what constitutes "real" art and the role of AI in the creative process.
The price of Shiba Inu (SHIB) has seen a 50% increase from its June lows and reclaimed the $0.0000080 area, but it fell sharply last week, casting doubt on the previous increase. A breakout from the descending resistance line is needed to confirm a bullish trend reversal and potentially lead to an 85% increase. The future price prediction depends on whether the price bounces or breaks down from the $0.0000080 area.
Millions of dollars worth of the PEPE meme coin were transferred out of its multisig wallet, causing concern among investors and leading to a drop in its price, due to changes in transaction approval and a reduction in the number of wallets required for sign off.
Hong Kong has officially launched its first cryptocurrency trading platform, called HashKey, as part of its efforts to embrace fintech innovation and bridge the gap between virtual assets and traditional financial markets.
The convergence between Bitcoin and artificial intelligence is expected to lead to a rapid adoption of both technologies, according to ARK Invest CEO Cathie Wood, who believes they are entering the steep part of the S-curve, creating opportunities for explosive growth.
Animoca Brands, a metaverse and gaming venture capital firm, has raised $20 million from prominent Web3 investors, such as CMCC Global and Kingsway Capital, to advance its Mocaverse project, which aims to provide Web3-native tools for building gaming and entertainment products.
Hong Kong's Hashkey Exchange has started accepting retail users, allowing them to trade bitcoin and ether with fiat currencies, as the city aims to boost its virtual asset industry.
Bitcoin and other cryptocurrencies are experiencing a decline in value, leading traders to anticipate significant volatility in the market this week.
Tokenization of real-world assets on the blockchain is rapidly gaining momentum, offering benefits such as transaction speed, liquidity, cost-savings, and round-the-clock access, with experts predicting it to become a $16 trillion industry by 2030. Over 70% of financial leaders expect to use tokenization in their businesses, with potential impacts on asset trading, real estate transactions, derivatives, and carbon markets. Tokenization unlocks liquidity, enhances security and data protection, reduces transaction costs, and enables programmability and automation, making it a key driver of digital asset adoption and a fundamental shift in business operations.
Binance, the world's largest cryptocurrency exchange, is considering a complete withdrawal from the Russian market due to complications and potential violations of Western sanctions.
The Securities and Exchange Commission (SEC) has charged Impact Theory, an entertainment company, with conducting an unregistered offering of securities through non-fungible tokens (NFTs), establishing that NFTs fall under the agency's jurisdiction.
Grayscale's Bitcoin investment vehicle, Grayscale Bitcoin Trust (GBTC), is currently trading at a 17% discount to BTC/USD, its best level since December 2021, as it has seen its fortunes improve following news of BlackRock's plans to file for the first Bitcoin spot price-based exchange-traded fund (ETF), despite BTC price still facing challenges.
The bankrupt FTX estate has amassed around $7 billion in assets, including $1.16 billion in solana tokens and $560 million in bitcoin, as it seeks to return funds to creditors through the sale of its crypto holdings.
USD Coin (USDC) will be supported on six additional blockchains, including Cosmos, NEAR, Optimism, Polkadot, and Polygon PoS, as Circle aims to boost adoption for the stablecoin and differentiate it from its competitors.
