LUNC News: Terra Luna Classic core developer releases an update on accomplishments regarding the Terra Classic Security Package boosting the security, functionality, and interoperability of the chain. Moreover, the total LUNC burned by the community has now surpassed 110 billion, with 57.66 billion LUNC burn contributed by Binance. LUNC News: Security Package Update from Developer […]
XRP Whales Shift 127 Mln XRP As Price Nosedives Below $0.56, What’s Happening?
XRP, an eminent cryptocurrency backed by Ripple Labs, once again curated a cyclone of speculative buzz across the global crypto landscape on Monday following significant whale transfers noted by the token. As per recent on-chain data unveiled by a blockchain tracking platform, the Ripple-backed appears to have noted the shifting of a whopping 126.7 million […]
CPI: JPMorgan, Other Banks Estimates Higher Inflation, Bitcoin To Fall Below $60,000?
The Consumer Price Index (CPI) for March by the U.S. Bureau of Labor Statistics is the most influential data for the U.S. Federal Reserve to likely settle the debate around the timing of Fed rate cuts. However, Wallet Street banks estimate a rise in inflation before it starts to cool again. The latest data indicated […]
Bit24.cash Security Flaw Exposes KYC Data of 230K Users
Bit24.cash, an Iranian crypto trading platform, has reportedly exposed sensitive data belonging to almost 230,000 users. This incident, uncovered by Cybernews, raises serious concerns about the security measures implemented by digital currency exchanges, particularly in the realm of user data protection. Details of the Security Breach The investigation by Cybernews revealed that Bit24.cash had a […]
XRP Lawyer Criques Senator Warren Over Stablecoin Letter
XRP lawyer John Deaton has expressed his views on platform X on Wednesday, raising concerns over a letter penned by Senator Elizabeth Warren to House Financial Services Committee Chair Patrick McHenry and Representative Maxine Waters. The letter to the U.S. Federal Reserve, which concerns the possible risks from stablecoins, has ignited a discussion in the […]
Crypto Promoter Rodney Burton Arrested, Charges Include Unlicensed Money Transmission
Crypto promotor Rodney Burton has been arrested and charged in the US, according to a report by The Guardian. Court documents state that Burton was a member of a network that provided investors and potential investors with “fraudulent promotional presentations”. Crypto Advocate Rodney Burton taken into custody in the U.S. Rodney Burton, also known as […]
Bitcoin Halving Diverges from Past Trends, Galaxy Reports
Billionaire Mike Novogratz‘s firm Galaxy Digital has released some thoughts about the coming Bitcoin halving event. The firm identifies a shift from historic patterns. Generally, Bitcoin would break its earlier highs after a halving. However, this trend has changed. Galaxy Digital analyses the way the Bitcoin halving event is altering. Galaxy Digital Notes Shift in […]
US CFTC Releases Report on DeFi Citing Regulatory Concerns
The Commodity Futures Trading Commission’s (CFTC) Digital Assets and Blockchain Technology Subcommittee has unveiled a detailed report titled “Decentralized Finance.” The report, released with the sponsorship of CFTC Commissioner Christy Goldsmith Romero, aims to shed light on the emerging issues surrounding digital assets, particularly within the decentralized finance (DeFi) space. CFTC Commissioner Emphasizes Need for […]
Mempool Founder Calls Out Bitcoin L2, Critiques Major Anomalies
Mononaut, the founder of Mempool, has raised concerns regarding Bitcoin Layer 2 (L2) technology. He points out several criticisms, including the absence of support for unilateral exit, the involvement of venture capital, and the potential for pyramid scheme dynamics. Mononaut also highlights the lack of a white paper or technical details regarding Bitcoin L2, suggesting […]
Bitcoin Open Interest Hits ATH On CME Amid Spot ETF Anticipation
In a remarkable surge, the total Bitcoin Futures Open Interest (OI) has reached new heights, setting the stage for a potential revolution in the cryptocurrency market. Meanwhile, Coinshares Head of Research, James Butterfill, recently shared a pivotal chart on the X platform, emphasizing that the Total Bitcoin futures contracts on the CME have hit an […]