Crypto news

LBRY plans to challenge a New Hampshire federal judge’s ruling that sided with the Securities and Exchange Commission (SEC) that declared the platform’s token sales as unregistered securities. The appeal comes after blockchain firm Ripple scored a partial victory in its fight with the country’s federal regulator. Prominent asset manager Grayscale’s most recent win is also one of the high-profile crypto industry victories that have given other platforms targeted by the SEC a...

American financial services giant JP Morgan is exploring a new type of token that will speed up its cross-border payments and settlements. People familiar with the matter told Bloomberg that the multinational financial services firm has developed most of the underlying infrastructure needed to launch a deposit token. However, the firm is waiting for approval from U.S. regulators. JP Morgan to Launch Deposit Token A deposit token is a digital coin that serves as a deposit...

A hedge fund manager whose firm was ravaged by FTX’s November collapse is now warning of a second-coming “implosion” at Binance. On Tuesday, Ikigai Asset Management founder Travis Kling published a historical timeline outlining a history of “negative events” at Binance since December 2022, attracting attention from some of the exchange’s top brass. How Binance Resembles FTX Kling’s timeline includes over 40 events that have cast a shadow of doubt over Binance’s...

Cosmos – a blockchain network that developed the notion of the “app chain” (a blockchain dedicated to a specific application) – used to be one of the biggest and most well-known crypto networks around, but it’s fallen hard from grace following the crypto meltdown of 2022. Cosmos isn’t Doing so Hot Cosmos was largely tied to Terra USD, the algorithmic stable currency that fell apart completely in the summer of last year It appears the network has had a very...

Insight from Coinmarketcap suggests that the SHIB/USDT market in Binance has more depth than all other SHIB markets in other exchanges.  According to market depth insights from CoinMarketCap, about $775k in funds could induce a 2% surge in price for SHIB on the Binance exchange. Conversely, a deduction of $1.1 million from the SHIB/USDT market in Binance could drive a price drop by 2%.  The data is quite different for the SHIB/USD pair. About $546k can cause a 2% surge in...

Ripple – the company behind one of the leading cryptocurrencies, XRP – has announced that it will acquire Fortress Trust. According to a recent announcement, Ripple has agreed to acquire Fortress Trust. Fortress Trust is a well-known financial institution that’s focused on cryptocurrencies. Mainly, it provides Web3 financial, technology, and regulatory infrastructure to blockchain-oriented companies. The sum of the acquisition remains undisclosed. Speaking on the matter was...

The US Federal Bureau of Investigations (FBI) claimed that the notorious North Korea-sponsored hacking syndicate Lazarus Group is responsible for the recent attack on the cryptocurrency sports betting and casino platform Stake. The hack resulted in the loss of over $41 million worth of crypto assets from the gambling firm. Lazarus Group Behind Stake Hack In a press release issued on Sept. 6, 2023, the FBI said it carried out investigations into the Stake hack, which revealed...

Ethereum is now eight years of age, and many experts have come out to praise the world’s second largest digital currency by market cap. Ethereum is Now Eight Years Old! Ethereum first emerged in 2015 and was designed to be more of a network rather than a currency. This has worked well over the years given how much popularity it’s earned amongst developers who prefer its technology to bitcoin’s when it comes to creating new blockchains and assets. Not long ago,...

[PRESS RELEASE – Vilnius, Lithuania, September 8th, 2023] AppVills Introducing TwinGPT — a groundbreaking AI communication crypto project that seamlessly merges state-of-the-art artificial intelligence with user personalization and a dynamic token-based economy. TwinGPT is anchored to the Nicegram Messenger, a platform built on the Telegram API. Boasting 2.6 million monthly active users (MAU) and over 20 million downloads, the project stands out as one of the most noteworthy...

The market has been relatively calm throughout the past seven days, and it failed to deliver any substantial increase (or decrease) in most of the cryptocurrencies, including Bitcoin. Starting with the BTC price, it’s more or less where it was this time last week – slightly below $26,000. To be fair, the cryptocurrency is down around 0.8% over the past seven days, and it wasn’t for the past day, the week looked as if it never happened. The price hovered around $26K in search...