The Securities and Exchange Commission (SEC) has filed an opposition to Ripple Labs’ motion to preclude the declaration of a critical expert witness in the ongoing litigation surrounding XRP’s status. The controversy revolves around Ripple’s argument that Andrea Fox’s statement, the “Fox Declaration,” is an unsolicited expert opinion. The SEC repudiates this, stating that the […]

India’s Interim Budget presentation just wrapped up a few hours ago, however, what came as a shock was no mention of crypto or the Web3 ecosystem in the event. The crypto community had been expecting a lot from the Interim Budget announcement as they advocated for relief in the crypto tax regime in India. Though […]

With the launch of the spot Bitcoin ETFs in Hong Kong earlier today, the Bitcoin price has registered a minor recovery of 2% shooting past $63,300 levels. However, on-chain data suggests that Bitcoin miners have been offloading their BTC holdings recently. Bitcoin Miners Move Huge Quantity on Exchanges Cryptoquant, an on-chain analytics platform, has reported […]

Crypto markets across the globe had struggled with layoffs and salary delays last year. Pressure on financial resources with high interest rates and a crunch on investor appetite made organizations struggle in 2023. However, the start of 2024 hasn’t been any different either. Mass layoffs that started in 2023 and have spilled their way into […]

Senior ETF analyst at Bloomberg, Eric Balchunas, recently highlighted the impressive trading volume of Hong Kong’s Bitcoin and Ethereum ETFs, underscoring the surging interest in the region’s market. Moreover, he dismissed negative comments around the supposed “poor performance” of these funds. Bloomberg Commends HK Bitcoin & Ethereum ETF Performance Critics have been highlighting the Hong […]

Three individuals face charges for orchestrating a massive SIM-swapping scam from FTX, Bloomberg reported on Thursday. This siphoned more than $400 million from the cryptocurrency exchange in the run-up to the FTX bankruptcy. Shortly after FTX’s bankruptcy filing in November 2022 and Sam Bankman-Fried’s resignation, hackers reportedly drained funds from the platform. Only to be funneled […]

The much-awaited Hong Kong spot Bitcoin & Ethereum ETFs finally commenced their journey on Tuesday, April 30, marking a monumental achievement following the U.S.’ commencement of BTC ETF trading. However, the crypto-backed exchange-traded funds kicked off to a dull start in Hong Kong, recording only $12 million in trading volume on the first day.  This […]

Jupiter Exchange’s native token, JUP, recently echoed a sense of frenzy across the global crypto landscape on Friday as the token aided three traders in nabbing colossal profits within the broader crypto market. According to the data unveiled by Look On Chain, these traders were airdrop hunters who recently made over $1 million in the […]

Binance founder CZ,  or Changpeng “CZ” Zhao took to Twitter to express his thanks to his supporters. This came after earlier in the day CZ was handed a 4-month prison sentence by Judge Richard Jones in a massive leniency show. CZ also shared his plans for a life after prison term, stating that he will […]

Ripple co-founder Chris Larsen confirmed a significant security breach involving his wallets. Initially rumored to target Ripple directly, the hack led to the loss of $112.5 million worth of XRP tokens. This incident has spotlighted the ongoing concerns regarding digital asset security and the measures in place to safeguard against such exploits. Ripple XRP Hack: […]