XRP, one of the most prominent cryptocurrencies by global market cap, birthed a hurricane of speculative buzz across the broader crypto market on Thursday following two noteworthy escrow locks and two significant whale transactions noted by the Ripple-backed token. On-chain data highlighted by the blockchain tracker Whale Alert suggests a staggering 867. 6 million XRP […]

Amid registering record-breaking profits, USDT stablecoin issuer Tether has been expanding its market footprint recently. Earlier this week, Tether minted an additional $1 billion while adding $13 billion to its market cap in just the last four months. However, banking giant JPMorgan has raised concerns stating that this rapid expansion and dominance could be a […]

Andrew Tate’s old comments have resurfaced, as he noted in a post on X that he will invest $100 million in his own coin. The controversial personality was linked to a $SLUTS meme token last year. In 2023, Tate distanced himself from shitcoin investments as he posted, “I do not endorse shitcoins,” and claimed, “I’m not […]

Oracle service provider Chainlink continues to be on a mega rally while dominating the broader cryptocurrency market. The Chainlink (LINK) price has shot up by 17% in the last 24 hours and is currently trading at $17.82 with a market cap of $10,8 billion. Over the last week, the LINK price has outperformed every other […]

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 […]

After tracking electricity consumption from the United States Bitcoin mining activities, it was reported that the industry takes as much as 0.6% to 2.3% of the entire electricity consumption in the country as of 2023. Massive Electricity Consumed by Bitcoin Miners The U.S. Energy Information Administration (EIA) released a report that detailed the amount of […]

Open Exchange (OPNX), previously known as Coinflex, has announced its closure this February. Once a hub for crypto derivatives and claims trading, the platform is winding down its operations. In a recent communication, the OPNX team expressed gratitude to its community and outlined key dates for its user base.  According to the email, users must […]

Crypto markets might have to brace for a dented investor sentiment in the future. In a disappointing turn of events, the US manufacturing output data came in higher than expected on Thursday. The data further cemented the idea that the Federal Reserve might take a step back before cutting rates in the future. US manufacturing […]

A new filing with the United States Securities and Exchange Commission (SEC) confirms that asset management firm Valkyrie has adopted BitGo as a custodian for its spot Bitcoin ETF. Valkyrie’s Spot Bitcoin ETF Now Have Two Custodians Valkyrie’s BRRR, whose volume recently soared by up to 12%, previously leveraged only the Coinbase Custody service. Per […]

As a subsidiary of Digital Currency Group, Genesis Global Holdco has agreed to be held liable and pay $21 million by the SEC. This agreement follows the case of a lawsuit related to a troublesome lending program, being thus one of the key parts in the ongoing drama of Genesis’s financial and legal struggles. Genesis […]