The demand for organizations to adopt blockchain technology is growing rapidly. Recent findings from market research and advisory firm Custom Market Insights found that the global blockchain technology market size was valued at $4.8 billion in 2021, yet this amount is expected to reach $69 billion by 2030. While notable, it’s become critical for the …
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The decentralized finance (DeFi) ecosystem scored another win against traditional finance, often called TradFi, with a former Morgan Stanley executive launching a DeFi protocol. Kevin Lepsoe, the former head of structuring for Morgan Stanley, aims to deliver an institutional fixed income scheme that offers fixed and floating rates with his new project Infinity Exchange. According …
Decentralized finance (DeFi) protocol Babylon Finance has finally announced that it will shut down after months of trying to recover from the negative momentum caused by the Rari Fuse exploit. In a statement, founder Ramon Recuero explained that the platform experienced an insurmountable negative streak despite their team’s efforts to endure the domino effect caused …
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Summary: U.S. federal prosecutors asked Binance for documents regarding the platform’s anti-money laundering checks. Authorities also asked for communication records between CEO Changpeng Zhao and 12 other executives. The cornerstone of investigations revolves around whether or not Binance violated the Bank Secrecy Act, per reports. U.S. agencies like the SEC and the Justice Department have …
Terra Classic (LUNC) Price Prediction – September 1The LUNC market shoots up through resistance of variant levels against the trade worth of the US Dollar. In the last thirty days, the crypto economy has been within a low and a high of $0.00007154 and $0.0002437 value lines. As of the time of writing, the price …
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Since it provides users with an immersive experience, the Metaverse is one of the sections of the cryptocurrency industry that is expanding at one of the highest rates. Battle Infinity is the most recent platform to capture the interest of the industry; this is due to the fact that it focuses on Metaverse-based concepts, which …
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When it comes to the success of Memecoins, as per the data provided by CoinMarketCap, investors have taken a keen interest in investing in them due to the potential and rising popularity of such coins. In recent months, meme currencies have risen to the top of the top ten list of market value, giving conventional …
The US Congress committee sent letters to five major crypto exchanges requesting information about the measures they’ve undertaken to prevent crypto fraud. Four agencies including the US Department of Treasury, Securities and Exchanges Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission and five other exchanges were addressed by the Chair …
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The founder of the Turkish crypto exchange Thodex has been arrested in Albania and extradited to Turkey for a fraud worth $2 billion. Landing 40,564 years in jail time. 28-year-old CEO Gets Arrested More than $7.7 billion were lost in crypto scams last year, including scams that managed to steal a few thousand while others …
Hong Kong tech giant Meitu made headlines in April last year after it reported nearly $100 million in crypto holdings. However, with the advent of the bear market, the tech firm has lost nearly half of the valuation of its crypto holdings. According to a local media report, Meitu reported an impairment loss of over …
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Lawmakers in California State Assembly 71-0 passed the Digital Financial Assets Law, also known as AB 2269, on Tuesday, Aug. 30. The bill is now in the hands of the state’s governor Gavin Newsom, who will either set it into motion or veto it completely. This bill requires digital asset exchanges and crypto companies to …
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Apart from being one of the most lucrative markets, cryptocurrency has significantly transformed how financial transactions are carried out. There are currently several blockchain-based cryptocurrency projects on the coin market, each of which addresses a specific real-world problem and eventually generates profit for investors. Avalanche (AVAX) and Tron (TRX) are two of the most successful …
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The buying pressure of Terra Classic has been increasing steadily, although, we expected that the price of the market should make a lower side retracement because it is in the overbought zone. Against expectations, strong buying pressure has kept Terra Classic ranging in the overbought zone. After the price consolidation that ranges from July to …
Users who used Celsius’ custody service are petitioning the company to release their funds. 64 individuals are part of the filing, and they hold approximately $22.5 million in the custody service. Celsius is under a lot of pressure at the moment and has itself made a filing against KeyFi. Celsius seems to be facing more …
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OpenSea has tweeted its support for the upcoming Ethereum merge. The marketplace clarified that it will not be supporting any ETH forks born out of the transition NFT marketplace platform OpenSea tweeted a comprehensive array of tweets on August 31 concerning the upcoming Ethereum merge. The platform asserted that it will only be supporting Ethereum …
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