In a recent development, cryptocurrency exchange Gemini has reached a settlement with New York regulators to return a minimum of $1.1 billion to customers who were affected by the collapse of its Gemini Earn Program. The settlement agreement also includes a $40 million contribution to help cover Genesis Global Capital’s bankruptcy proceedings and a $37
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Justin Sun, known as the co-founder of Tron, a smart contracting platform for decentralized applications (dapps), has been making headlines once again for moving and shuffling millions of dollars in the cryptocurrency market. According to Lookonchain data, on February 29, Sun transferred a whopping 100 million USDT to Binance, following several other significant transactions earlier
Bitcoin has long been considered the most valuable blockchain in the world, but scalability has been a major concern. With the network only able to process seven transactions per second, compared to 24,000 for Visa, it was clear that Bitcoin was struggling to handle large transaction volumes. Additionally, the lack of support for smart contracts
Hunter Horsley, the Chief Executive Officer (CEO) of Bitwise, a crypto index fund manager, has recently made bold predictions about the future of Bitcoin. In a Twitter post, he confidently forecasted that Bitcoin’s price could surge to $250,000, surpassing its current value of $62,000. Horsley also suggested that Bitcoin could potentially surpass gold as a
The gaming industry has long been dominated by popular trading card games like Hearthstone and Magic: The Gathering. However, Parallel, an NFT trading card game, is stepping into the spotlight with its unique gameplay elements and captivating space opera setting. After a successful closed beta phase, the game is now gearing up for its highly
The partnership between Ripple and the Axelar Foundation signifies a significant step towards enhancing interoperability within the XRP Ledger (XRPL) ecosystem. This collaboration aims to propel the tokenization of real-world assets (RWAs) and strengthen the DeFi landscape by providing liquidity for stablecoins and high-value assets. By integrating the Axelar network with the XRPL, developers will
As Bitcoin’s price continues to surge, reaching over $61,000 for the first time since November 2021, altcoin markets are also experiencing significant growth. With Bitcoin rising by an impressive 18% in just one week, the demand for spot Bitcoin ETFs among US investors is one of the key drivers of this rally. Additionally, the anticipation
Senator Elizabeth Warren has recently made headlines with her stance on the cryptocurrency industry. In a recent interview, Warren expressed a willingness to engage with the industry, but only if players adhere to regulatory standards similar to those in traditional finance. She raised concerns about the industry’s reluctance to crack down on illegal activities such
Bitcoin (BTC) has surged by 5% in the last day, edging closer to the highly anticipated $60,000 mark. The surge in price can be attributed to the growing investor interest in the world’s largest cryptocurrency, reaching levels not seen since the 2021 boom. This increase in demand was accompanied by spot bitcoin exchange-traded funds (ETFs)
The digital world continues to intertwine with traditional art as online trading platform Robinhood partners with Notable.art to introduce the work of acclaimed artist Hunt Slonem to a broader audience through the use of Non-Fungible Tokens (NFTs). This collaboration aims to blend art and technology, allowing users to own a piece of Slonem’s artwork in
The Chamber of Digital Commerce recently filed an amicus curiae defending crypto exchange Kraken in the lawsuit initiated by the US SEC. The Chamber’s purpose behind this amicus brief is to put an end to the SEC’s attempted regulation of the digital asset industry through enforcement without legislative authority. In a statement, the CDC emphasized
Cardano (ADA) is showing promising signs of potential price breakouts in the near future, as highlighted by the recent surge in new wallets being created on the Cardano blockchain. The on-chain data indicates a significant increase in new addresses, with spikes seen on various days in February. This influx of new wallets is a positive
In recent times, Bitcoin’s price has experienced a significant surge, with it recently surpassing the $56,000 mark. Many market analysts and investors are predicting further growth, with some suggesting that the cryptocurrency could reach new all-time highs in the coming months. This bullish sentiment is backed by various market indicators that point towards increased confidence
As Bitcoin continues to soar to new heights, many investors are looking beyond the popular cryptocurrency to find hidden gems in the altcoin market. One such coin that has caught the attention of many is Pepe Coin (PEPE). With a price increase of close to 50% in the past 24 hours, PEPE seems to be