Cryptocurrency

Elon Musk and Tesla Inc. (NASDAQ:TSLA) have successfully won the dismissal of a high-profile lawsuit that accused them of inflating the price of Dogecoin through a $258 billion “pyramid scheme.” The lawsuit, filed by disgruntled investors who claimed to have lost substantial sums of money, alleged that Musk used his massive social media following to

Bitcoin’s recent market performance has been overshadowed by growing concerns about liquidity and the potential for large sell-offs by so-called “whales”—entities holding significant amounts of the cryptocurrency. As the month of August comes to a close, Bitcoin is trailing behind traditional assets, burdened by fears that governments and other major holders might begin offloading their

Vitalik Buterin, co-founder of Ethereum, recently found himself at the center of a heated debate after expressing doubts about the long-term impact of decentralized finance on the broader cryptocurrency ecosystem. In a post on X on August 25th, Buterin suggested that DeFi, while influential, may not be the catalyst needed for a significant surge in

The market capitalization for artificial intelligence and big data cryptocurrency projects has experienced a significant surge, climbing by an impressive 79.7% over the past three weeks. This surge reflects growing confidence among crypto investors, particularly as the broader AI narrative gains momentum in 2024. The AI crypto market is now a focal point for investors,

After a prolonged period of decline throughout 2024, the non-fungible token market is showing signs of a recovery. Recent data from CryptoSlam indicates that weekly sales volumes on some of the leading blockchains for digital collectibles have finally turned positive, suggesting a potential resurgence in the NFT market. This article delves into the details of

Settlement Details Crypto lending platform Abra, officially known as Plutus Lending LLC, has settled with the U.S. Securities and Exchange Commission (SEC) following charges related to the sale of unregistered securities and operating as an unregistered investment company. The settlement includes civil penalties, the amount of which is yet to be determined by the court.

CryptoPunks’ Continued Dominance in NFT Sales CryptoPunks has achieved a significant milestone, leading CryptoSlam’s daily non-fungible token (NFT) sales chart with a notable US$1.29 million on Wednesday. This marks the third consecutive day CryptoPunks has topped the sales rankings. Despite CryptoPunks’ impressive performance, there is speculation within the community regarding a potential decline in the

M^0’s New Partnership with Fireblocks M^0, a protocol for minting stablecoins backed by U.S. Treasury bills, has announced its collaboration with Fireblocks to provide advanced cryptocurrency custody services. This integration ensures that institutions using Fireblocks for crypto key management can seamlessly operate with M^0’s stablecoin-minting and validation system. M^0 aims to address the limitations of

In a surprising turn of events, the MAGA token, a fringe cryptocurrency not officially linked to Donald Trump or his campaign, has surged in value by more than 50%. This sudden spike followed Trump’s promotion of a mysterious new crypto project called DeFiant Ones on his social media platform, Truth Social. As the MAGA token’s

Grayscale Introduces Avalanche Trust Grayscale Investments, a leading cryptocurrency asset manager, has introduced the Grayscale Avalanche Trust, providing investors with exposure to the AVAX token. This token is crucial for transaction fees and securing the Avalanche blockchain, known for its high-speed and scalable capabilities as a competitor to Ethereum. This launch is part of Grayscale’s

Cryptocurrency exchange Binance has made a significant move to enhance financial inclusion in Africa by launching its One Click Buy and Sell (OCBS) service. This new feature, known as Binance Mobile Money, enables users in Ghana, Tanzania, Uganda, and Zambia to easily buy and sell cryptocurrencies through their mobile money accounts. The initiative aligns with

Bitcoin, the original cryptocurrency, is often regarded as a digital store of value. However, the concept of Bitcoin programmability has taken a significant step forward with the introduction of BitVM2, a new iteration developed by Robin Linus. This advancement promises to bring more complex functionalities to the Bitcoin network, potentially revolutionizing how Bitcoin can be

In the ever-evolving world of restaurant technology, Ben Leventhal, a pioneer in foodie culture and tech-driven dining experiences, is leading the charge with his latest venture: Blackbird Labs. Blackbird is revolutionizing restaurant loyalty programs by integrating cryptocurrency into the dining experience, offering a fresh approach to how restaurants reward their most loyal customers. As the

Flexa, a leading digital payments platform, has unveiled its latest innovation: Flexa Components. This new tool aims to simplify crypto payments for merchants, allowing for direct, fee-free transactions through digital wallets. As the use of cryptocurrencies continues to grow, Flexa is positioning itself at the forefront of this trend, offering businesses an easy way to

In a significant shift within the crypto ETFs market, BlackRock (NYSE:BLK) has overtaken Grayscale in assets under management for publicly-listed crypto products. This change, noted by James Butterfill, Head of Research at CoinShares, highlights the growing dominance of traditional financial giants in the rapidly evolving cryptocurrency space. The competition between these two titans is reshaping

As the 2024 election draws nearer, a new group of cryptocurrency advocates, including billionaire Mark Cuban and Wall Street financier Anthony Scaramucci, is calling for a significant shift in the Democratic Party’s stance on digital assets. The group, known as Crypto4Harris, is pushing Vice President Kamala Harris to reset the party’s crypto policy, highlighting the

In a recent interview, Circle CEO Jeremy Allaire emphasized the importance of establishing a bipartisan crypto policy in the United States. Allaire’s remarks come at a critical time when the U.S. faces increasing pressure to lead in the rapidly evolving global cryptocurrency industry. He believes that while crypto has seen some bipartisan support, more decisive

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency company NovaTech and its co-founders, Cynthia and Eddy Petion, alleging that they orchestrated a fraudulent scheme that amassed over $650 million from more than 200,000 investors globally, including a significant number of Haitian-Americans. The SEC alleges that NovaTech and the Petions falsely

Financial services industry consultant John Reed Stark has raised concerns about Morgan Stanley’s recent move to permit its wealth advisors to recommend spot Bitcoin ETFs to clients. Stark, president of a consulting firm based in Bethesda, Md., warned that this decision could invite substantial regulatory scrutiny. In a post on X, Stark suggested that Morgan

As Bitcoin reclaims the spotlight, a new wave of innovators is pushing the boundaries of what the blockchain can achieve. Traditionally seen as a static store of value, Bitcoin is now being reimagined as a platform for decentralized finance, thanks to the efforts of companies like Bitlayer. Co-founder Charlie Hu recently discussed this transformation with

As the race to dominate the artificial intelligence landscape intensifies, tech giants like Meta (NASDAQ:META), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), and OpenAI are pouring billions into AI development. However, the end-game for AI remains unclear, with various strategies and approaches emerging. Among these, the integration of AI predictive models with cryptocurrency platforms presents a unique opportunity

Cryptocurrency continues to push the boundaries of finance, with Bitcoin now at the forefront of a new wave of peer-to-peer lending applications. Historically, Bitcoin lacked the smart contract capabilities that other blockchains, like Ethereum, used to revolutionize decentralized finance. However, recent developments are changing the game, enabling Bitcoin holders to leverage their assets in novel

Algoz, a prominent crypto asset manager based in Raanana, Israel, has announced a strategic partnership with Zodia Custody, a cryptocurrency custodian service backed by Standard Chartered, SBI Holdings, Northern Trust (NASDAQ:NTRS), and National Australia Bank. This collaboration is aimed at enhancing the security and compliance of Algoz’s digital asset investment vehicles, offering a safer and

The cryptocurrency market experienced a sharp downturn Wednesday afternoon as U.S. stocks reversed early gains, leading to heightened cryptocurrency market volatility. Bitcoin (BTC), which had shown promise earlier in the day, saw its price tumble as broader economic concerns weighed on both digital and traditional financial markets. This article examines the factors driving this latest

Hedge funds and institutional traders are aggressively buying back into cryptocurrency call options following one of the most significant sell-offs of bullish positions this year. This renewed interest comes after a weekend liquidation event that saw about $1.1 billion wiped out from crypto bets. On August 4, Bitcoin fell as much as 17% and Ether

Solana, Altcoins, and Memecoins Experience Sharp Declines The cryptocurrency market is in turmoil, with altcoins facing severe losses. Over the past week, Solana (SOL-USD), Chainlink (LINK-USD), and Uniswap (UNI-USD) have all dropped 30%, according to CoinGecko data. Memecoins have also been hit hard, with Dogecoin (DOGE-USD) down 27% and Pepe (PEPE-USD) plummeting 39%. Crypto Liquidations

Bitcoin’s future value remains a topic of intense debate in the world of cryptocurrency. Recently, market analyst and host of the Mark Moss Show, Mark Moss, joined Scott Melker on The Wolf of All Streets Podcast to discuss bitcoin’s potential trajectory. In their conversation, Moss outlined a comprehensive framework for evaluating the future value of

Meanwhile, a groundbreaking company in the insurance sector, has introduced a revolutionary approach by offering life insurance policies exclusively in bitcoin. This move sets Meanwhile apart as the first and only company to operate under traditional life insurance regulations while transacting solely in the world’s leading cryptocurrency. The focus keyword for this article is “Bitcoin

Genesis Global, a prominent crypto lender, has successfully completed its bankruptcy restructuring and has begun distributing approximately $4 billion in digital assets and cash to its creditors. This pivotal move comes after months of financial turmoil and legal battles, marking a significant step forward for the company and the broader crypto industry. The focus keyword

DraftKings Inc. (NASDAQ:DKNG) is shutting down its non-fungible token (NFT) business “effective immediately,” as announced in an email to customers. This move marks the end of a notable intersection between digital collectibles and sports culture for the sports gambling giant. The company cited recent legal developments as the primary reason for the discontinuation of Reignmakers