Crypto news

Finance Ministers and Central Bank Governors (FMCBGs) from G20 nations, under the Indian Presidency, have announced unanimously adopting the ‘G20 Finance Ministers and Central Bank Governors Communique’ during its meeting in Marrakesh, Morocco. This comes a month after the G20 member nations accepted the crypto regulatory roadmap outlined in a collaborative report titled “IMF-FSB Synthesis Paper: Policies for Crypto-Assets,” jointly presented by the International Monetary...

In the latest twist, Terraform Labs, a defunct crypto network, is accusing Citadel Securities of participating in intentional efforts to destabilize its stablecoin TerraUSD classic (USTC) in 2022, eventually leading to its demise. This comes as both Terraform Labs and its founder, Do Kwon, continue to face legal troubles. Terraform Labs Accusing Citadel In a document filed in a United States District Court in the Southern District of Florida on Oct. 10, the defunct crypto...

In a wild twist of fate, the crypto world’s foundation trembled as the FTX empire crumbled last year, leaving its founder, Sam Bankman-Fried, standing trial for a fraud of epic proportions. The US government asserts that this disgraced crypto mogul orchestrated one of the grandest financial deceptions in history, while his defense paints him as a naive young enthusiast who swam too deep in the digital tides. Two weeks deep into the riveting high-stakes drama of the courtroom,...

After the more volatile end of the business week, the weekend continues to be rather dull in terms of BTC’s price performance, with the asset stuck below $27,000. The altcoins also trade quietly, with minor gains charted by DOGE and ADA, while SOL is down by about 1%. BTC Boring Below $27K Bitcoin was riding high last week, as it even challeged $28,000 on a few occasions. However, it failed there, perhaps due to the global uncertainty propelled by the latest conflict between...

Web3 gaming platform Immutable recently announced a partnership with Amazon Web Services (AWS). This collaboration is set to revolutionize the world of blockchain gaming, ushering in a new era of possibilities for game developers in the crypto space. Immutable Joins AWS’s ISV Accelerate Program According to an Oct. 10 statement, Immutable has recently joined AWS’s ISV Accelerate Program, a sales program designed for companies leveraging AWS services in their products....

Coinbase – which happens to be the largest US crypto platform – registered nearly $76 billion in spot trading volume, according to a new Bloomberg report. This marks a 52% decrease compared to the same period last year, and it is likely the lowest figure recorded since well before the company’s high-profile direct listing on the Nasdaq Stock Market in April 2021, which occurred just months before the peak in crypto prices. Trading volume serves as a vital metric for...

The team behind the popular Ethereum-native wallet warned earlier today that its application was removed from Apple’s app store. However, the issues seem to be resolved now, and MetaMask can now be downloaded by Apple users once again. Several users took it to X to complain on October 14 that they were unable to locate and download the MetaMask app from Apple’s App Store. Hours later, the team behind the wallet confirmed the speculation but said it “is not related to anything...

Zero-transfer phishing scams have continued to plague the crypto space, with bad actors siphoning millions of digital assets from unsuspecting victims. Blockchain analytics platform Bitrace revealed that the damage scale for zero-transfer phishing scams has increased significantly, with market participants losing more than 451 million Tether (USDT) on the Tron network. Investors Lose $451M USDT to Phishing on Tron Zero-transfer phishing is a new scamming technique that allows...

Conor Grogan, a director at Coinbase, recently took to X to point out that on-chain data reveals that Alameda Research minted 39.55 billion USDT tokens. This figure represents 47% of the current circulating supply of Tether. Alameda Research’s Role in USDT Minting In a recent revelation, Conor Grogan took to social media to share insights into the issuance of Tether (USDT). According to on-chain data, Alameda Research, a crypto investment firm, minted 39.55 billion USDT...

Bitcoin’s Layer 2 Lightning Network has witnessed a 1,212% growth in just two years. In August 2023, the network recorded approximately 6.6 million routed transactions, a substantial increase compared to the 503,000 transactions observed in August 2021, according to River’s Bitcoin-only exchange data. Surprising Growth Amidst Market Challenges River’s research analyst, Sam Wouters, shed light on this remarkable growth in an Oct. 10 report. Despite a 44% drop in Bitcoin’s...