Tag Archives: Cryptocurrency News

The class action was one of the many lawsuits brought against the company last year after the Terra-LUNA fiasco that wiped out billions of dollars as investors watched their funds vanish into thin air within a matter of days.  A federal court in Singapore has denied an appeal to dismiss a class action suit filed against Terraform Labs, the brains behind the former Terra blockchain, and its disgraced co-founder Do Kwon on November 30. According to a Business Insider report, the duo filed a...

These asset shifts have also been constantly noticed ever since FTX filed for bankruptcy, leaving many to speculate about the rationale behind the moves. According to a recent tweet by Spot on Chain, crypto accounts linked to the collapsed crypto exchange FTX and its sister trading firm Alameda Research executed over $10 million worth of token transfers across six currencies within a 12-hour span. These movements involve a part of the remaining digital assets still controlled by FTX...

With the heightened crypto regulatory crackdown and the US SEC’s change of attitude towards the industry, Bloomberg analyst argues all 12 applications will be approved in early January. The Bitcoin (BTC) bullish narrative that began in October is expected to continue in the coming weeks after the flagship crypto asset opened December on a high note. During the early New York trading session on Friday, Bitcoin price reached a new yearly high of around $38.8k, thus rejuvenating the $40k...

According to Matrixport, Bitcoin would rise close to its current all-time high by April, and hit $125K by end of 2024. Matrixport’s latest report predicts that the price of Bitcoin (BTC) will hit $125,000 by the end of 2024. The firm’s analysis hinges on a combination of historical data and market trends. These factors indicate the potential for a surge in price for the world’s leading cryptocurrency. Backed by insights into Bitcoin’s fifth bull market, Matrixport’s prediction adds to many...

Both parties failed to reach an agreement on the safe return of the stolen assets despite Kyber offering the hacker 10% of the funds, which amounted to $4.3 million.  The hacker behind the $46 million exploit on KyberSwap, a decentralized exchange that allows users to send and receive different cryptocurrencies, issued an ultimatum for the return of the digital assets stolen from the protocol on November 23. According to an on-chain message sent to the company on Thursday, the black hat...

Republicans had hoped to get US crypto legislation through the House in 2023. However, now 2024 seems to be a more likely period. The introduction of comprehensive regulatory frameworks for cryptocurrencies in the United States has taken an unexpected turn, with lawmakers now eyeing 2024 as the prospective timeline for House approval of the bill. After months of waiting for the potential green light on two proposed regulations aimed at policing stablecoin issuers and the entire crypto...

The transition began at the company headquarters in Switzerland, with plans for an eventual change of name and transformation across other offices located in financial hubs like Abu Dhabi, Hong Kong, and Singapore. The cryptocurrency bank, formerly known as Seba, is embarking on a major rebranding effort as it transitions to a new name – Amina Bank. The change comes following confusion with another bank in Sweden named SEB. The report stated that there was an agreement to adopt a fresh...

Anticipated interest rate cuts by central banks in the coming months could attract capital to various markets, potentially leading to increased volatility in speculative sectors like cryptocurrencies, according to some market observers. With the Federal Reserve pausing its rate hiking cycle and other central banks globally following suit, there is speculation that we may have reached the peak of this tightening cycle. To sustain a significant boost in risk assets, a clear trajectory toward...

Celsius also advised customers to make use of its mobile app for the withdrawal, stating the app would only be available for a limited time. Bankrupt crypto lender Celsius Network has announced that some clients with custody assets can now make withdrawals from the platform. Celsius which previously stopped withdrawals on its platform declared Chapter 11 bankruptcy in July 2022. Since then, many customers lost access to their assets. According to a court document, roughly 58,300 users hold...

Algorand entered the Indian market earlier this year with the launch of the AlgoBharat Project. One of the first collaborations was formed with the Self-Employed Women’s Association (SEWA).  Blockchain protocol Algorand (ALGO) has announced its expansion into India through major collaborations with prominent organizations including NASSCOM, TiE Bangalore, and the Mann Deshi Foundation. Algorand’s Impact Strengthened by New Collaboration Under collaboration with NASSCOM, Algorand aims to...