The JPEX case in Hong Kong has sprung back to life, sending shockwaves through the cryptocurrency community. After months of silence, authorities have frozen assets worth over US$29 million linked to the collapsed exchange. With key figures arrested and ongoing investigations, concerns over fraud in the digital asset space are reignited. JPEX Crypto Exchange Assets […]

The now-bankrupt exchange FTX has reportedly offloaded nearly $1 billion of shares in Grayscale’s Bitcoin Trust (GBTC). This massive sell-off revealed through confidential data and anonymous sources, is part of FTX’s ongoing bankruptcy process. The exchange aimed to liquidate its holdings to aid in reimbursing its creditors, having disposed of all 22 million shares it […]

Magic Eden, a prominent player in the NFT marketplace, has introduced its latest innovation—a platform for Bitcoin Runes. Scheduled for release on April 23, 2024, the platform was released earlier, according to a company representative. Among the features of this new update is the possibility of transferring BTC and buying Runes and Ordinals directly with […]

Blockchain and lending startup Figure Technologies Inc., led by former SoFi Technologies Inc. CEO Mike Cagney, is aiming for approval from the U.S. SEC to launch interest-bearing stablecoins. Figure Introduces Interest-Bearing Stablecoins This unconventional move seeks to establish a new category of stablecoins with federal legitimacy. If successful, Figure will introduce the first stablecoin regulated […]

Pro-XRP lawyer Bill Morgan has made a compelling argument regarding Ripple’s On-Demand Liquidity (ODL) sales. Moreover, he emphasized that these ODL sales do not constitute investment contracts. Morgan’s assertion comes amidst Ripple Labs’ ongoing legal battle with the United States Securities and Exchange Commission (SEC) over the classification of XRP. Ripple Vs SEC: Why Are […]

Terra Luna Classic community votes on another key proposal to bring changes to the chain impacting internal storage before developers start making key upgrades to the chain. It restricts developers from exporting the state of Terra Classic into a genesis.json file, which is crucial for testnets. The proposal is receiving unanimous support from validators as […]

The gaming tokens have surprisingly surged during the week. Moreover, the price of bitcoin most recently reached an all-time high of more than $71,000. Leading altcoins with significant gains, including Ethereum, Dogecoin, Cardano, and others, have joined in the celebration. Alongside, gaming cryptocurrencies like Immutable X, Beam, Gala, and MultiversX have shown positive momentum throughout […]

Radiant Capital has initiated its debt repayment process following a financial setback due to a flash loan exploit. The cross-chain lending protocol, caught in a turbulent cyberattack earlier this month, witnessed a loss of $4.5 million. Nevertheless, in a recent announcement dated January 23, the protocol has reported a substantial initial repayment of 1,190 Ether […]

Hedge funds seem to be embracing the usage of memecoins, especially with the ongoing price frenzy that the crypto niche is experiencing. Dogwifhat Becomes Hedge Funds’s Goto Bet Some experts claim to have discovered a growing trend of memecoin adoption and utilisation amongst some of the finest Hedge funds. In December 2023, Solana-based Dogwifhat rose […]

The world’s largest cryptocurrency Bitcoin (BTC) sees selling pressure with the BTC price dropping another 1.5% to $39,677 as of press time. Some of the on-chain indicators suggest that the BTC price could drop another 10-15 % from here onwards. BitMEX CEO Takes Defensive Measure on Bitcoin In a recent statement, BitMEX CEO Arthur Hayes […]