Crypto news

Miami, Florida, August 13th, 2024, Chainwire Floki is proud to announce that Valhalla, Floki’s groundbreaking PlayToEarn MMORPG, will be at the forefront of a high-profile advertising campaign throughout the 2024-25 season of the English Premier League (EPL).  Leveraging LED perimeter boards during live games, this campaign will deliver massive global exposure and enhance the brand’s credibility. The English Premier League is the most popular sporting league globally, attracting more viewers...

Three Arrows Capital (3AC), the defunct crypto hedge fund, has its liquidators pursuing a $1.3 billion lawsuit against TerraForm Labs, the bankrupt digital assets company co-founded by Do Kwon. This legal action is part of ongoing efforts to recover funds for 3AC’s creditors following the fund’s collapse. 3AC Liquidators Pursue TerraForm Labs The Three Arrows Capital (3AC) liquidators are alleging that TerraForm Labs manipulated the market for Luna and TerraUSD, which led to...

Last Thursday, executives from the crypto industry spoke with US lawmakers, representatives from the Biden administration, and those involved in Kamala Harris’ campaign. The session came as crypto has become a bi-partisan topic in the US as election day nears. This meeting occurred virtually, although slated to be in person. From the crypto side, Ripple CEO Brad Garlinghouse, Kraken CEO David Ripley, Circle CEO Jeremy Allaire, Skybridge founder and managing partner Anthony Scaramucci, and...

Institutions did not buy stablecoins over the weekend. BTC registered over 4% losses over a 24-hour period leading into Monday. BTC’s price dropped to below $60,000 on Monday, causing a decline of about 4% from the day prior when it traded at $62,510. The dipping price action occurred as institutional players stopped acquiring stablecoins for two days before the week started. Blockchain analytics firm Lookonchain posted about the occurrence, “Institutions seem to have temporarily stopped...

BitGo, a US-based digital asset custodian, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This regulatory approval will allow BitGo to offer its custody services to clients in Singapore, a crypto hub in Asia. This development comes after the custodian received an in-principle approval (IPA) earlier this year in January. In a press release, BitGo mentioned, “BitGo now offers regulated digital payment token services in Singapore. Clients...

The cryptocurrency market is facing a growing liquidity crisis, as evidenced by the significant price slippages observed during recent sell-offs. According to research by Kaiko, the ongoing issue of liquidity fragmentation across crypto exchanges has resulted in noticeable price discrepancies, particularly during periods of market stress. Price Slippage Liquidity fragmentation refers to the uneven distribution of liquidity across various exchanges. The recent market sell-off...

The US Securities and Exchanges Commission (SEC) and electric vehicle company Ideanomics have settled a lawsuit brought by the agency against the latter. Ideanomics was accused of misrepresenting accounting statements to misrepresent its financial health. The company’s executives manipulated financial data related to the revenue it generated from crypto assets. In an X post, the financial regulator mentioned, “Today we announced settled fraud charges against Ideanomics Inc., formerly Seven...

TL;DR Shiba Inu investors are being targeted by scammers on Telegram offering fake airdrops and impersonating legitimate entities. Community members are cautioned to avoid scams related to the TREAT token, as it hasn’t seen the light of day yet. Scam Alert Shiba Inu is among the most popular meme coins, boasting one of the biggest communities across all cryptocurrencies. As such, it is no wonder that SHIB investors often become targets of hackers who attempt to con them...

TL;DR XRP surpassed another milestone in terms of total tokens held in accounts. After a legal victory, XRP’s price briefly surged before stabilizing, with analysts predicting potential future gains. XRP’s Achievement Ripple’s XRP continues to make the headlines, recently reaching an important adoption milestone. According to XRPL Services, the total amount of XRP tokens held in accounts exceeded 60 billion (equaling over $34 billion calculated at current rates). Data shows...

[PRESS RELEASE – Washington DC, United States, August 13th, 2024] Tellor, a leading decentralized oracle protocol, is thrilled to announce the launch of the Antietam Testnet. This is the initial public testnet deployment for their upcoming Layer 1 blockchain, Tellor Layer, developed using the Cosmos SDK and represents a major advancement in decentralized data consensus. Introducing Tellor Layer  Tellor Layer is a groundbreaking blockchain solution designed to achieve...