Crypto news

Cryptocurrencies are supposed to be censorship resistant… Cryptocurrency exchanges, not so much. Bittrex found this out the hard way after a record fine imposed by the U.S. regulators. On October 11, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) announced that Bittrex, a Washington-based cryptocurrency exchange, will be fined $53 million for violating multiple securities laws. According to...

Scammers have reportedly sent consumers a new Solana Phantom security update assuring it will grant additional protection. However, wrongdoers have installed password-stealing malware through airdropped NFTs and used them to drain cryptocurrency from the affected wallets. Another Scam in the Space A recent coverage revealed that the scheme started two weeks ago when NFTs called “PHANTOMUPDATE.COM” or “UPDATEPHANTOM.COM” reached some Phantom users. Upon opening, they were...

Legendary billionaire hedge fund manager Paul Tudor Jones revealed that he still holds a small portion of bitcoin while stating that the U.S. economy might be going into recession or already is in one. Tudor Jones also said the value of assets such as ETH and BTC could increase amid inflation and excessive fiscal spending. Jones Remains Optimistic About Bitcoin In a CNBC interview on Monday (October 10, 2022), Jones stated that there has been a “massive experimentation with...

Yuga Labs – the team behind the popular Bored Ape Yacht Club (BAYC) NFT collection – is now under investigation by the Securities and Exchange Commission (SEC). The commission is examining whether the company violated securities laws by issuing certain NFTs, or through their newly launched crypto token ApeCoin.  SEC Versus NFTs A person unfamiliar with the matter told Bloomberg that the SEC seeks to find out whether some of the firm’s NFT more closely resemble stocks, and if...

San Francisco-based blockchain firm, Ripple, announced its first On-Demand Liquidity (ODL) customers in France and Sweden. According to the company, the European market is ripe for disruption with RippleNet-powered ODL. The main aim of the partnerships is to facilitate real-time payments across borders utilizing by Ripple’s financial technology – RippleNet – across the two regions. Ripple’s New Partners in France and Sweden As part of the deal in France, Ripple inked a...

Imagine what the price of SafeMoon will be by 2030? There have been predictions on the price of SafeMoon by different financial analysts and some have said that the price of SafeMoon will get to the moon soon.  At the time of writing, the general cryptocurrency market started this week with a bullish trend, bitcoin is up by 5.67%, Ethereum is the number one altcoin and is up by 5.98%, and most cryptocurrencies are on the bullish path. We hope the bulls will keep up the...

The phenomenal rise of NFTs in the last few years surprised many, but experts and enthusiasts long believed in the potential held by this domain of the blockchain space. The costliest NFT to date was sold just a few months ago for a whopping $91.8 million. And there are several others fetching millions of dollars in the market. The meteoric rise led to an increased interest in the domain and attracted more investors. But the dearth of reliable marketplaces significantly...

Luke Ryan – the head of content at Coin Jar, a cryptocurrency exchange in Australia – says that the more sports teams seek to gain crypto sponsorships, the more legitimate the space will become. Luke Ryan on Sports and Crypto Coin Jar is one of the first crypto companies in Australia to sponsor a sports team. By collaborating with the Melbourne Demons in May of 2021, it looks like the firm was the first company of its kind to take over an Australian Football League (AFL)...

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