Crypto news

The cryptocurrency market and its prices constantly evolve, with volatility and market sentiment changing rapidly. The impact of external factors, particularly government operations, is a subject of curiosity and concern. The unrealized loss in the U.S. banking system amounts to a staggering -$1.8 trillion, with a capital of only $2.2 trillion. While corporate taxes are due on Sept. 15, and there is a possibility of a government shutdown on Oct. 2, the average person is...

Bitcoin’s price performance continues to be somewhat surprising given the positive news that came from Grayscale’s court victory over the SEC earlier this week, and the asset fell to a new multi-month low. The altcoins also fell in the past 24 hours once again, except for TONCOIN, which is in a league of its own. BTC’s Latest Drop CryptoPotato reported the positive developments in the crypto market earlier this week when a US judge ruled in favor of Grayscale in its lawsuit...

[PRESS RELEASE – Georgetown, Cayman Islands, September 1st, 2023] Kava Chain, a decentralized Cosmos-Ethereum interoperable Layer 1 blockchain, is now available on Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. The integration will enable safe and secure access for Fireblocks customers to the expanding Cosmos DeFi ecosystem via the Kava Chain. “With the integration of Kava Chain onto the Fireblocks...

One of the leading cryptocurrency mining companies – Stronghold Digital Mining – is reportedly planning to use tire-derived fuel (made of shredded vehicle tires) in its operations in the state of Pennsylvania.  Burning such items is a toxic process that contaminates the nearby air, water, and soil. As such, it is no surprise that some locals and green activists are firmly against it. Mining BTC Via Such a Method is ‘Really Unacceptable’ According to a coverage by The...

Five Ethereum liquid staking providers have implemented or are gearing up to implement a self-imposed restriction, pledging not to own more than 22% of the ETH staking market. This move is aimed at safeguarding the decentralization of the Ethereum network. According to Ethereum core developer Superphiz, Rocket Pool, StakeWise, Stader Labs, and Diva Staking are the staking providers that have already adopted or are actively pursuing this self-imposed limitation. Superphiz was...

Bitboy Crypto’s Ben Armstrong has released an emotional apology video after he was kicked out of the company. His wife, Bethany, accompanied the infamous crypto influencer in the emotional video shared on the BitBoy Crypto YouTube channel. In it, Armstrong acknowledged making mistakes that led to his ouster from the company. Armstrong’s Apology While denying that he had gone back to using hard drugs like cocaine and methamphetamines, Armstrong admitted to taking diet pills...

The prominent American actor Dwayne Johnson (better known as The Rock) and the talk show host Oprah Winfrey launched an initiative focused on helping those displaced by the devastating wildfires in Maui, Hawaii.  The so-called People’s Fund of Maui is available for contributors from all over the globe and accepts donations in cryptocurrencies. Crypto to the Rescue  The Rock took it to X (Twitter) to explain that the fund will put money “directly in the pockets of those who...

Crypto and stock trading platform Robinhood (HOOD) has executed a nine-figure buyback of its own shares from FTX’s former executives, including disgraced boss Sam Bankman-Fried and his fellow co-founder Gary Wang. The purchase secured 55,273,469 HOOD shares worth $605.7 million. Robinhood entered into the purchase agreement with the United States Marshal Service (USMS) on August 30, and closed the transaction the following day. “The Company funded the purchase of the Shares...

Heather Morgan and Ilya Lichtenstein were a couple back in New York last year that tried to launder as much as $4.5 billion in bitcoin stolen from a hack on the Bitfinex crypto exchange that occurred in the year 2016. They were arrested for their roles in the incident in 2022 and now appear all set to plead guilty in the case. Heather and Ilya Are not Going to Fight the Charges News of this first came to light when it was discovered that they were newly charged in...

Despite the recent price swings that bitcoin experienced, including pumps and dumps by $2,000 within just a few days, BTC whales seem undeterred, and their total number has jumped to a local peak of 1,611 (according to Glassnode).  In comparison, those large investors were less than 1,570 in May this year when the valuation of the leading digital asset was predominantly hovering around the $26K-$27K level. According to Glassnode’s analysis, the number of BTC whales has surged...