One of the oldest Bitcoin exchanges Mt. Gox has officially started the process of returning the creditors from its $9 billion Bitcoin hoard. On Monday, April 22, some creditors of Mt. Gox stated that they had started receiving updates on their claims. Mt. Gox Creditors Receive Updates Over their Bitcoin Holdings The updates received by […]

The immense hype around Spot Bitcoin ETFs hasn’t helped much with their performance since inception. All Bitcoin ETFs have witnessed massive outflows and substantial declines in NAV lately. On Monday, January 22, these ETFs recorded a net outflow for the third time after launch. However, BlackRock‘s IBIT has emerged as a winner in the inflow […]

XRP SEC Case Update: Ripple filed its opposition to the SEC’s remedies-related brief and concluded that the court should deny the US SEC’s requests for an injunction, disgorgement, and pre-judgment interest. Ripple claims the court should impose a civil penalty of no more than $10 million as no fraud or recklessness is proven by the […]

Bitcoin ETF’s hype after the SEC approval saw  Grayscale dominate the market but for just the first day. Grayscale’s GBTC hit the $640 million mark for outflows on Monday, January 22. Other ETFs also saw significant NAV falls and large outflows. Grayscale’s net outflows increase as the market struggles Grayscale saw a huge increase in […]

Solana (SOL) is experiencing a comeback in the crypto market after recovering from recent volatility, caused by a market crash that led to Bitcoin dropping to a support level of $60,000. In this context, Solana has shown resilience with its present value growing by approximately 18% in the past month. The recent Bitcoin halving event, […]

Algorand (ALGO) is making an interesting play to be a more functional blockchain. According to John Alan Woods Algorand CTO, four new Algorand updates are coming to the protocol in 2024 as part of its roadmap. Important Algorand Updates Coming on Chain In terms of Transaction Per Speed (TPS), John Woods said Algorand has now […]

Binance recently announced its 53rd Launchpool project, Renzo (EZ), a liquid restaking protocol enabling users to mine by depositing BNB and FDUSD. Scheduled for launch on April 30, 2024, at 12:00 (UTC), Renzo will have a maximum supply of 10 billion coins, with an initial supply of 1.06 billion coins. Renzo (EZ) Launchpool Project Binance, […]

XRP, one of the most prominent cryptocurrencies by global market cap, curated a cyclone of speculations across the broader crypto market on Wednesday as the token noted another significant whale transaction. As per on-chain data surfacing over the crypto horizon, a whale recently dumped colossal amounts of XRP to a CEX, garnering substantial attention globally. […]

In a court filing on Tuesday, April 23, U.S. prosecutors said that Binance founder Changpeng Zhao should serve 36 months in prison over the allegations of violating the anti-money laundering laws (AML). As per the latest reports, Zhao, who stepped down as the Binance chief last November, will face the sentence on April 30. Changpeng […]

India firmly embraces itself as the Union Budget 2024 looms over the country’s financial horizon. The Indian Finance Minister, Nirmala Sitharaman, recently stated that the upcoming budget is not expected to encompass any ‘spectacular announcements this year.’ However, officials familiar with the matter propose that small tax relief measures and increased welfare spending might exist. […]