Crypto news

U.S. Bankruptcy Judge Sean Lane approved Genesis Global’s Chapter 11 liquidation plan on Friday, enabling the bankrupt cryptocurrency lender to return approximately $3 billion in cash and crypto to its creditors. This ruling means that its parent company, Digital Currency Group (DCG), will not recover anything from the bankruptcy proceedings. DCG Left with No Recovery Judge Lane’s ruling comes after overruling an objection from DCG, which argued that the repayment to Genesis’...

As the reaccumulation phase of this cycle stretches on, Litecoin whales have tapped into the spree, refusing to be left out. Data from crypto market intelligence platform IntoTheBlock revealed that LTC’s largest investors accumulated more than 2.75 million litecoins in the past 30 days, indicating significant activity. LItecoin Whales Accumulate 2.7M LTC The tweet by IntoTheBlock disclosed that addresses linked to Litecoin whales recorded their largest daily inflow since...

TL;DR The upcoming US presidential elections feature Trump vs. Biden, with Trump leading in recent polls. Charles Hoskinson criticized both nominees but endorsed independent candidate Robert F. Kennedy Jr. for his friendly stance on the digital asset industry. Cardano’s founder believes the pro-crypto vote will be crucial, suggesting that millions of Americans support the sector. ‘Crypto is the Decider’ The US presidential elections are scheduled for November this year and...

Ether (ETH) surged 10% on Monday in the span of a few minutes following credible rumors that the asset could receive its own spot ETF in the United States within days. ETH traded for $3150 on Monday at 17:44 UTC, before surging to $3450 within 25 minutes. This followed a tweet from Bloomberg ETF analyst Eric Balchunas at 17:20 UTC that he and his partner, James Seyffart, were upping their odds of ETH ETH approval this month from 25% to 75%. “Hearing chatter this afternoon...

In the evolving world of cryptocurrencies, BlockDAG stands out with its unique blend of blockchain and DAG technologies aimed at solving the industry’s core issues of security, scalability, and decentralization. The launch of BlockDAG’s new dashboard has greatly increased investor involvement, driving presale figures to an impressive $28 million and setting the stage for an anticipated 30,000x return on investment. Meanwhile, Fantom faces trouble, and Chainlink...

TL;DR Shiba Inu’s burn rate increased by 579% in the past 24 hours, with nearly 10 million tokens destroyed. Other crypto projects also use burning mechanisms to manage their token supply, with recent burns concurring with significant price increases. The Latest Spike Shiba Inu’s burn rate has increased by 579% in the past 24 hours, resulting in almost 10 million assets being destroyed. The burned tokens on a weekly scale equal 57.6 million. The burning mechanism is...

A UK judge has officially ruled that Craig Wright is guilty of forgery “on a grand scale” following the computer scientist’s decisive court loss in March. In a written judgment published on Monday, High Court Justice James Mellor said Wright lied “extensively and repeatedly” in court to support his “biggest lie” – his claim to be Bitcoin’s pseudonymous creator, Satoshi Nakamoto. Wright’s Overwhelming Forgeries “Dr. Wright presents himself as an extremely clever person,” wrote...

[PRESS RELEASE – Zug, Switzerland, May 20th, 2024] Decentralized funding protocol Polimec has launched with the goal of kickstarting a new era of community-funded Polkadot projects. The protocol provides a transparent way for teams to raise funds and issue tokens while maintaining regulatory compliance. The first project to feature on Polimec is Apillon, an infrastructure solution for web3 developers. With the start of the first Evaluation Round on Polimec, investors get the...

[unable to retrieve full-text content]CoinspeakerBinance Research: Token Unlocks to Hit $155B by 2030 This forecast underscores the growing trend of tokens launching with high valuations and low initial circulating supplies, a topic that has sparked considerable discussion within the crypto community. Binance Research: Token Unlocks to Hit $155B by 2030

[unable to retrieve full-text content]CoinspeakerPopular Meme Coins Can See Up to 80% Correction, Analyst Predicts Popular crypto analyst DonAlt stated that most meme coins have already given multi-fold returns. If history were to repeat, most of them are poised for 80% corrections. Popular Meme Coins Can See Up to 80% Correction, Analyst Predicts