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Binance Launches Self-Custody Wallet for Web3 In an amazing development, Binance recognized as the world’s largest cryptocurrency exchange in terms of volume, has introduced a self-custody wallet seamlessly integrated into its native app. The revelation unfolded at the Binance Blockchain Week conference held in Istanbul, Turkey, as conveyed in an official statement by the…
Solana’s recent bullish run has taken a downturn, with SOL decreasing by nearly 6% in the last 24 hours and trading at approximately $39.82. This decline is associated with substantial transfers of SOL from FTX-linked Solana addresses, related to the court-approved liquidation of $3.4 billion in crypto assets, including $1.16 billion in SOL, from the…
Solana-Based NFT Wallet Backpack Ventures into Regulated Exchange Space Backpack, the NFT wallet app operating on the Solana blockchain, has unveiled its venture into the world of regulated cryptocurrency exchanges with the launch of “Backpack Exchange.” This ambitious move comes after securing a Virtual Asset Service Provider license for Exchange Services from the Dubai…
SafeMoon’s CEO and CTO Arrested Amid Allegations of Misusing Over $200M In a startling turn of events, the U.S. Department of Justice (DOJ) has taken SafeMoon’s CEO, John Karony, and Chief Technology Officer, Thomas Smith, into custody over allegations of massive fraud against their investors. The Securities and Exchange Commission (SEC) is also closely pursuing…
Trezor, the cryptocurrency hardware wallet provider, is currently investigating a recent phishing campaign reported by users who have received phishing emails. The investigation comes after an anonymous blockchain investigator, ZachXBT, raised awareness of a phishing attack aimed at Trezor customers on October 26. ZachXBT referred to a tweet from the account JHDN, which suggested that…
Federal Reserve official Michael Barr emphasized the necessity of regulating stablecoins in prepared remarks on Friday. He stressed that when an asset is tied to a government-issued currency and functions as a means of payment and a store of value, it gains the trust associated with the central bank. Therefore, the Federal Reserve has a…
Contrarian investors who decided to purchase shares in Grayscale Investment’s Bitcoin Trust (GBTC) in early January, a period of pessimism in both the cryptocurrency and crypto-related markets, have been handsomely rewarded. GBTC shares have surged by 220% to $26.79 this year, as reported by the charting platform TradingView. In comparison, Nvidia Corp (NVDA), the top-performing…
Recently Ripple (XRP) has been making the news headlines regularly with a series of updates regarding their case with the Securities and Exchange Commission (SEC). They have made the headlines once again, although this time for a different reason. Ripple Enhances Cross-Border Crypto Payments with Uphold Partnership. In a strategic move to bolster its cross-border…
Despite being characterized by a prevailing sense of “Fear” in the latter part of 2022, the current surge in optimism within the crypto sphere suggests a potential reawakening in the market. While elevated levels of greed may hint at the possibility of a market correction, analysts maintain a positive outlook on Bitcoin’s growth, given the…
Coinbase Attempts to Swiftly Dismiss SEC Allegations SEC Allegations have been on the news through out the previous week. Here is what Coinbase has with regards to the SECURITY AND EXCHANGE COMMISION (SEC) Coinbase faces a Tuesday deadline to respond to the Securities and Exchange Commission’s (SEC) counterarguments challenging the company’s motion to dismiss…
Worldcoin’s Paradigm Shift Exciting news from the Worldcoin Foundation! They’ve just revealed a groundbreaking shift in their payment system for orb operators. These skilled individuals play a crucial role in enrolling new participants into the Worldcoin network by scanning their eyes. What’s the game-changing update? Instead of receiving traditional USDC stablecoins, these operators will soon…
FBI has charged 6 Individuals for Operating a $30 Million Cryptocurrency-Based Money Transmission Business. According to court documents filed on Wednesday in the Southern District of New York, the FBI has charged six individuals with running an illicit money-transmitting operation valued at $30 Million using cryptocurrencies. The filing asserts that the accused were fully aware…
FinCEN Focuses on Crypto Mixers Due to Money Laundering and National Security Worries In its latest update, FinCEN’s goal is to mandate financial institutions to report transactions involving international CVC mixing services, which the agency identifies as an “acute money laundering and national security risk.” Notable bitcoin (BTC) and Ethereum (ETH) mixing services using Coin join…
Are you a Futures derivative trader? Do you take your futures trades using the Binance futures trading platform? Then there is a piece of great news for you, as Binance will be adding the MBSV USDT trading pair to their derivatives trading platform. Binance Futures’ Upcoming Launch of M BSV Perpetual Contract. Binance Futures, a…
