Crypto news

Terraform Labs (TFL) – the bankrupt cryptocurrency firm co-founded by Do Kwon – is set to face a Chapter 11 bankruptcy reorganization hearing on September 19. The hearing will be crucial in shaping the company’s future as it navigates the aftermath of the Terra ecosystem’s dramatic collapse in 2022, which triggered extensive legal and financial challenges. Fallout from TerraUSD and LUNA Collapse The court’s ruling will essentially decide if Terraform Labs can successfully...

Binance and its former CEO, Changpeng Zhao (CZ), are facing a new legal challenge with a revived class-action lawsuit in the U.S. District Court for the Western District of Washington, Seattle. The lawsuit is filed by three cryptocurrency investors. It alleges that Binance facilitated the laundering of stolen crypto assets, making them untraceable. The plaintiffs state that to make things worse, their stolen cryptocurrency was sent to Binance, which ‘laundered’ the transaction, making it...

Binance has officially introduced DOGS (Dogs) as the 57th project in its Launchpool program. DOGS is a memecoin based on the Ton blockchain and is popular within the Telegram community. It is set to be listed on Binance, with trading expected to commence on August 26, 2024. This marks DOGS as the first of its kind to be featured on Binance’s Launchpool. The Launchpool activity enables users to stake BNB and FDUSD to receive DOGS tokens. The staking process will commence on 23rd August 2024...

The Brazilian Securities and Exchange Commission (CVM) has approved a second Solana exchange-traded fund (ETF). It marks a significant development in the country’s cryptocurrency investment landscape. The new ETF, which is still in its pre-operational phase, will be introduced by Hashdex — a leading asset manager in Brazil with over $962 million in assets under management. This venture is being conducted in partnership with BTG Pactual, a prominent Brazilian investment bank. This approval...

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[PRESS RELEASE – Tallinn, Estonia, August 21st, 2024] Crypto gambling has grown in popularity and adoption since its introduction in 2012. Today, the segment’s worth far outnumbers hundreds of millions of dollars. CasinoRIX unveils the 2024 Crypto Gambling Stats, to make the data more precise. Key Crypto Gambling Statistics in 2024 CasinoRIX researchers unveil info on crypto gambling. Here are their core findings: The crypto gambling market is currently evaluated at around...

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This week, XRP, SHIB, and TRX entered greed territory. TRON took the lead with an impressive 27% price increase. Chart by TradingView1. TRON/USD In a surprising turn, TRX is approaching its all-time high at 18 cents. This is a key target for the current rally, which has made the chart bullish. This latest push comes after a successful breakout above 15 cents, which is now a key support. Chart by TradingViewTron is standing at $0.16 at press time. 2. XRP/USD XRP started the...

Bitcoin’s price has yet to recover following the crash from $68K a couple of weeks ago. The cryptocurrency has been consolidating in a tight range, leaving market participants wondering about its future direction. BTC Price Technical Analysis By TradingRage The Daily Chart The daily chart shows that the BTC price has failed to climb back above the 200-day moving average, located around the $63K mark, after dropping below it earlier. The market is now consolidating around the...

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