Crypto news

The U.S. Securities and Exchange Commission (SEC) filed a 90-page lawsuit against cryptocurrency exchange Kraken on Monday, re-centering the firm among a handful of crypto giants in the agency’s legal crosshairs. The lawsuit accuses Kraken of a slew of securities law violations, and of commingling customer funds with corporate assets in ways that could risk major losses for both parties. The SEC Strikes Again Per an accompanying press release from the SEC, Kraken has...

On the 17th of November, an unknown individual who may have been working as part of a team targeted the dYdX exchange and its YFI token. Allegedly, the same actor had previously tried a similar strategy on the exchange’s SUSHI market merely 2 weeks prior. Good Trades Or Malicious Intent? These trades, which the platform’s staff have classified as an attack, were done using a series of transactions that ultimately caused open interest on the exchange to surge by over $66...

TL;DR Shibarium’s New ‘Donate’ Feature: Shiba Inu introduced a “Donate functionality” to its layer-2 blockchain solution, Shibarium, allowing users to financially support non-profit validators who contribute to the network’s security and efficiency. Progress and Achievements of Shibarium: Since its launch in August, Shibarium has shown rapid progress, surpassing 1.5 million blocks and nearing 4 million transactions, indicating significant activity and growth on the...

Digital asset investment products experienced a cumulative inflow of $176 million in the past week, marking the eighth consecutive week of positive weekly inflows. The share of total cryptocurrency volumes held by Exchange-Traded Products (ETPs) is on the rise, averaging 11%, significantly surpassing the long-term historical average of 3.4%. The latest data suggest that this current percentage is also notably higher than the averages observed during the 2020/21 bull market....

This is an opinion post written for CryptoPotato by Ken Timsit, Head of Cronos Labs 2023 is the year of artificial intelligence, and there’s no better time than now to take a deeper dive into the different types and use cases of AI — especially for startups and projects working at the intersection of AI and blockchain. To carry the momentum into 2024, Web3 startups should get a better sense of what to focus on when developing projects at the intersection of blockchain and AI....

[PRESS RELEASE – Warsaw, Poland, November 20th, 2023] De.Fi, a SocialFi & Antivirus SuperApp, has reached a significant milestone with the launch of De.Fi 2.0. Currently in the spotlight is the ongoing $DEFI token public sale, opened to users who want to join 2.0 Ecosystem. The project has already raised an impressive $5 million. The De.Fi Super App as of now, has reached over 3 Million unique users, with big names like CoinGecko, Arbitrum, zkSync, and London and Montreal...

The U.S. Department of Justice (DOJ) has requested that crypto exchange giant Binance pay $4 billion as a resolution to its lengthy investigation of the company. Such negotiations include the possibility that Binance CEO Changpeng Zhao (CZ) is charged with crimes possibly including money laundering, bank fraud, and sanctions violations. According to Bloomberg, an announcement on a settlement deal could arrive as early as the end of November. If accepted by Binance, it would...

Javier Milei, a far-right libertarian, has emerged as the winner in Argentina’s presidential run-off election. Milei’s victory is crucial amidst Argentina’s ongoing inflation crisis. Notably, he is known for advocating the use of Bitcoin and has proposed replacing the Argentinian Peso with the U.S. dollar to respond to the current economic situation. Milei Wins Argentina Presidency Amid Inflation Crisis Javier Milei has emerged victorious in Argentina’s presidential run-off,...

Bitcoin (BTC)’s price will reach $150,000 by 2025 thanks to the upcoming “halving” and spot ETF approvals, wrote Bernstein in a Monday report. Analysts for the $691 billion asset manager’s crypto unit have modeled the asset’s future price based on its marginal production cost for miners, which they argue “acts as the price floor for every new cycle.” Defining Marginal Cost In its report, Bernstein subscribed to the Bitcoin 4-year cycle theory – the idea that Bitcoin’s price...

Besides freezing assets, Tether follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. Tether, the USDT issuer, has announced the freezing of 225 million in USDT tokens. Globally, USDT has a market cap of $87.7 billion. It also offers dollar exposure to individuals who cannot access the dollar in their own market.  According to Tether, it traced the frozen funds to an international human trafficking ring in Southeast Asia. This move followed a collaboration...