It’s been another week of mixed developments in the crypto industry, with established players winding down operations while newcomers introduce new crypto features and services. Binance’s buy-and-sell crypto arm was shut down on Aug.16, with the crypto exchange remaining under widespread regulatory scrutiny, affecting key partnerships for its operations worldwide. Crypto custodian Prime Trust filed […]

Roblox is being blamed for third-party online casinos that use its currency, Robux, and facilitate underage gambling. Will the case stick?

As the bear market keeps slashing venture capital from the crypto industry, alternative funding options, such as grants, have been gaining traction as a means of supporting the community while enabling the growth of established projects in a challenging crypto environment. According to Blockchain Grants, at least 40 crypto projects are currently offering grants for […]

This week’s Crypto Biz explores Binance Connect shutdown, BitGo’s funding round, PayPal Crypto Hub, and other news.

Earlier today, the price of Ripple’s native token, XRP, experienced a dramatic crash, leading to a shocking 45% discount on a major exchange. The chaos unfolded recently, leaving traders and investors bewildered by the sudden and significant price drop. The turmoil was most pronounced on the Bybit exchange, where the XRPUSD and XRPUSDT contracts were […]

Data shows the Bitcoin Open Interest has dropped by 25% following the crash to levels below $26,500, the largest drop in around 1.5 years. Bitcoin Open Interest Has Plunged 25% After Price Plummet As pointed out by an analyst in a CryptoQuant post, this open interest flush could lead to a bottom for the cryptocurrency. […]

A United States judge has ruled that the Securities and Exchange Commission (SEC) can seek assistance from the South Korean government in interviewing Daniel Shin, co-founder of Terraform Labs, along with Do Kwon. US District Judge Jed Rakoff ruled on Thursday that the SEC is permitted to utilize a procedure outlined in a 1970 treaty […]

OpenSea’s royalty stance evolves while Blur’s influence surges. NFT sales dip, sparking strategic shifts and fierce competition.

Alternative funding options, such as grant programs, have grown in popularity as the bear market continues to slash venture capital investments in the crypto industry.

The U.S. Securities and Exchange Commission (SEC) asked for permission on Friday to appeal a federal judge’s ruling that XRP sales through exchanges didn’t violate securities law, a day after the judge said the SEC could present its argument. The SEC petitioned Judge Analisa Torres, of the U.S. District Court for the Southern District of […]