Ripple triumphs with new digital payments license in Singapore
Ripple has gained regulatory approval for its digital payment token license from the Monetary Authority of Singapore (MAS). Ripple announced on X (formerly known as Twitter) about their full-fledged license that was granted on Tuesday, allowing it to continue operations in Singapore. The approval follows in-principle approval given in June. Ripple’s local entity, Ripple Markets […]
Binance and Royal Thai Police uncover $277M from crypto fraudsters
The Royal Thai Police have partnered with leading cryptocurrency exchange, Binance, to recover a staggering $277 million from an alleged group of cryptocurrency fraudsters. Binance supplied critical intelligence to law enforcement agencies, which led to the exposure and dismantling of the criminal syndicate. The operation, dubbed “Trust No One”, resulted in the apprehension of five […]
Litecoin’s mixed year: can LTC bounce back amid market uncertainty?
Despite a lackluster year, Litecoin (LTC) shows potential signs of recovery. With its price at a pivotal point, the coming weeks could be crucial for the cryptocurrency’s future performance. On Monday, Litecoin’s price has seen a 2.5% rise in the past week, but a recent drop to $65.81 indicates a 2.5% loss in the last […]
Bitcoin bridging solution by Nomic to enhance liquidity in Cosmos ecosystem
Nomic a layer-1 bridging solution is introducing a Bitcoin-backed token to increase liquidity in the Cosmos ecosystem. This layer-1 blockchain solution will augment the DeFi capabilities of Cosmos. Nomic is poised to execute the nBTC Interchain Upgrade on the Nomic layer-1 blockchain by the close of October. This will initiate the launch of a new […]
Metaplex’s “Bubblegum” fuels the minting of Millions of compressed NFTs on Solana
Solana’s blockchain is experiencing an influx of compressed non-fungible tokens (cNFTs), thanks to Metaplex’s Bubblegum, a technology that aids in the creation of over 3 million NFTs weekly. Metaplex has developed Bubblegum, a tool that diminishes the cost of minting and engaging with NFTs on the Solana blockchain. This technology employs compression methods to generate […]
Dubai investor rues early exit from Shiba Inu investment; misses out on $70 million
A Dubai-based investor lost out on a potential fortune of $70 million due to a premature exit from his Shiba Inu investment in 2020. A investor had acquired Shiba Inu tokens worth $4,000 in August 2020, accumulating nearly 5 trillion SHIB tokens. Yet, discouraged by SHIB’s underwhelming performance throughout 2020, he sold his holdings at […]
Author Michael Lewis criticized over comments on defunct FTX Exchange
Michael Lewis, a well-known financial journalist and author, has been on the receiving end of significant backlash from the cryptocurrency community for his remarks on the now-liquidated FTX exchange. Lewis suggested in a recent interview that FTX had a viable business model. The author implied that if it weren’t for doubts about the exchange’s operations, […]
Changpeng Zhao, Binance CEO, faces class-action lawsuit over FTX’s downfall
Changpeng Zhao, the CEO of Binance, along with Binance.US, are at the center of a class-action lawsuit. The legal action is related to their purported role in the collapse of FTX, a competing cryptocurrency exchange. On Monday the lawsuit was initiated by California resident Nir Lahav, accusing Zhao and Binance.US of numerous federal and California […]
Solana overtakes Cardano and Dogecoin in market cap following price surge
The cryptocurrency Solana (SOL) has leapfrogged over both Dogecoin (DOGE) and Cardano (ADA) in market cap rankings, following a significant price surge. During the blockchain’s TVL spike, SOL’s price saw an increase of over 25.4% in the last week alone. The upward trend comes as the wider cryptocurrency market has turned bullish, with Solana outperforming […]
Bitcoin edges towards $28.5K amidst trader skepticism
Bitcoin (BTC) is eyeing a $28,500 price tag as it maintains its early October gains, despite some traders expressing doubt. Data from TradingView shows strong BTC price action in the first U.S. trading session of October. The leading cryptocurrency saw swift gains, following a relatively cool monthly candle completion which had BTC closing at $26,970. […]