In a recent development, a US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC). The SEC alleges that Kraken has been operating an unregistered securities exchange, broker, dealer, and clearing agency, and has illegally facilitated the trading of securities since 2018. Despite Kraken’s
Pi Network is a unique crypto project that was introduced in 2019 with the goal of allowing users to mine and earn digital assets on their mobile devices. Unlike traditional cryptocurrencies that rely on energy-intensive Proof-of-Work (PoW) algorithms, Pi Network utilizes the Stellar Consensus Protocol (SCP) developed by the Stellar Development Foundation to be more
In the last seven days, Cardano (ADA) has seen a significant price gain of over 14%, making it one of the leading gainers in the crypto market. However, on-chain data indicates that investors may react differently to this surge. While over an additional 12% of Cardano’s supply is now in profits, some investors may feel
The recent decision by the FBI to utilize Non-Fungible Tokens (NFTs) to return $1.14 million to victims of the CluCoin fraud has garnered significant attention. This groundbreaking move marks the first instance of law enforcement agencies leveraging NFT technology to provide restitution to victims of fraudulent activities. Victims of the CluCoin scam will receive notifications
Ethereum, like many other altcoins, has been facing substantial selling pressure in recent times, struggling to recover from the weakness experienced in early August. Despite some brief moments of strength following the sell-off on August 5, prices are still hovering below the $2,800 mark. However, one positive aspect to note is the resilience shown by
The month of August has proven to be quite tumultuous for Bitcoin investors, with the cryptocurrency experiencing significant price fluctuations. Starting off on a positive note, Bitcoin saw a sharp decline of 30% in the first week of the month, leading to a market-wide crash affecting altcoins as well. While there has been some recovery
In recent times, there has been a notable shift in the Layer 2 network arena, with Base, an Ethereum Layer 2 network that originated from Coinbase, experiencing a rapid surge in popularity. Data from IntoTheBlock has revealed that Base now boasts almost 40% more daily active addresses compared to its competitors, Arbitrum and Optimism combined.
India is poised to introduce comprehensive regulations for the crypto sector, signaling the government’s commitment to establishing a regulatory framework for digital currencies. This initiative comes in the wake of Finance Minister Nirmala Sitharaman’s statement in October 2023, highlighting the need for unified crypto regulation among G20 nations. Sources familiar with the matter have revealed
Bitcoin experienced a significant drop recently, falling from $59,600 to $56,300 before bouncing back. Despite this initial dip, the bulls were quick to react and prevent any further losses. The cryptocurrency then traded sideways around the $60,000 mark over the weekend. However, a retracement on the following Monday drove the price down to $58,000, only
Coinbase, a leading cryptocurrency exchange, recently announced its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The migration is set to begin on Aug. 26, with Coinbase taking the lead in transferring the ticker from MATIC to POL for its users. This move