Crypto news

South Korean prosecutors have reportedly raided the offices of the two leading cryptocurrency exchanges in the country – Upbit and Bithumb – as part of an ongoing investigation against Kim Nam-kuk.  The politician faced public scrutiny after several reports indicated he acquired 800,000 Wemix tokens by bypassing necessary regulations. He transferred the coins from Bithumb to Upbit last year, and the authorities suggested the platforms could have been involved somehow.  The...

Business intelligence company MicroStrategy is doubling down efforts on bringing Bitcoin layer 2 scaling solution – Lightning Network – capabilities this year. Its executive chairman Michael Saylor shared an update notifying that the company is working on a product aimed at delivering a Bitcoin wallet and Lightning address to every corporate account holder. The main intention behind the move is to enable quick and easy development as well as deployment of Bitcoin rewards...

Pepe (PEPE) price correlated with Bitcoin (BTC) over the seven-day chart. While the froggy new ERC-20 token powered by the Ethereum blockchain fell in price on the days BTC did, it rallied along with BTC on Friday into the weekend. Bitcoin’s price dive over the last week was a two-month low. Moreover, it was the leading cryptocurrency’s worst week of the year. Feels good, man As CoinMarketCap notes, the Pepe coin launched in 2023 is distinct from Pepe Cash (PEPECASH): “Pepe...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A new memo shows that democrats really hate cryptocurrency. So much so, that they’re looking to instill new rules that would make it very hard to attain and keep. Democrats Wage War Against Crypto A leaked memo sent to democrat House financial services committee members reveals that left leaners are seeking to...

Binance CEO Changpeng Zhao (CZ) recently unfollowed Tesla and SpaceX chief Elon Musk after what seemed like a long and friendly history between the two parties.  Though neither executive has left any explicit clues, crypto Twitter has some theories about what may be driving tension between the tech billionaires.  Did Twitter Shun Binance? Twitter account @BigCryptoAlert called attention to the turn of events on Saturday, noting that CZ – whose account follows over 1600 users...

Local media outlets say that Tesla’s 2022 auto production made up 25% of total automotive production in Shanghai. According to Chinese local media reports, Tesla Inc (NASDAQ: TSLA) cars accounted for approximately a quarter of all auto production in Shanghai last year. The US EV automaker’s 25% automotive production value in 2022 underscores the pace of its increased production output in China. Last year, Tesla generated an auto production value of 183.9 billion yuan ($26.4 billion) in...

The emergence of crypto TV shows can be attributed to several factors, including the increasing popularity of crypto, the growth of DeFi, and the interest of investors in the potential of blockchain technology. Popular crypto analytics service provider CoinMarketCap in partnership with HELLO Labs has launched the world’s first Web3 TV show dubbed Killer Whales. According to the announcement, filming has been scheduled for June in Los Angeles, with the show set to air later this year on a...

Rakuten shares gained approximately 7.9 percent YTD despite dropping about 20 percent last year. Shares of Rakuten Group Inc (Tokyo: 4745) closed Monday trading at ¥643, down 9.05 percent from the day’s opening price. The sudden drop in Rakuten shares was attributed to the announcement by Reuters that the company is in the final stages of issuing new shares in a bid to raise approximately $2.2 billion. According to the media outlet, Rakuten plans to issue shares to founder and CEO Hiroshi...

Identifying the platform’s inability to pay a massive sum of $22 million as penalty in violations of the securities laws, the SEC has revised the penalty to $111,000. In a major development and probably the first, the US Securities and Exchange Commission (SEC) has decided to revise its fine against blockchain-based content-sharing platform LBRY, having identified the platform’s inability to pay a massive sum of $22 million. As per the filing submitted last week on May 12 in a New...

[PRESS RELEASE – Cape Town, South Africa, May 15th, 2023] NFTfi, a leading NFT lending platform, has launched the next phase of its loyalty program NFTfi Rewards. In Earn Season 1, users can get rewarded with exclusive reward points for borrower-friendly loans and responsible lending behavior. The NFT space is growing rapidly, and healthy credit markets are fundamental to its overall growth. NFTfi’s Earn Season 1 reward structure has been designed with this in mind to...