JP Morgan, the prominent American financial services giant, is reportedly developing a new type of token to enhance its cross-border payments and settlements. The multinational firm has made significant progress in establishing the necessary infrastructure for the launch of a deposit token. However, before proceeding, JP Morgan is awaiting regulatory approval from U.S. authorities. The
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Leading cryptocurrency exchange Binance recently announced that it will be discontinuing support for non-fungible tokens (NFTs) as well as its Sandbox NFT Staking Program. The company stated that these changes are a result of their “consideration and evaluation” process and are part of their efforts to streamline their services. However, Binance did not provide any
In recent months, a series of disturbing deaths related to the world of cryptocurrency has garnered significant attention. From the decomposing remains of a United States crypto mogul found in Sofia to the body of a missing cryptocurrency millionaire discovered in a river in Buenos Aries, these cases paint a grim picture of the dangers
The gaming industry is constantly evolving, and Korean game publisher Neowiz is at the forefront of this evolution. With its Web3 division, IntellaX, Neowiz is venturing into the world of blockchain games. This move comes as no surprise, considering Neowiz’s success in the gaming sector over the past 25 years. Now, the company is set
Scaling the Ethereum ecosystem has been a critical challenge, but the development of zero-knowledge (ZK) proof solutions has provided promising solutions. However, the introduction of proto-danksharding is expected to significantly reduce the cost of rollups, bringing further scalability improvements. In an exclusive interview with Cointelegraph Magazine, Nicolas Liochon, the Head of zkEVM Linea at Consensys,
Bitcoin, the world’s most valuable cryptocurrency, has been experiencing a downward trajectory, according to Benjamin Cowen, an analyst and founder of Into The Cryptoverse. With the coin’s performance over the years as a reference point, Cowen predicts a bleak future for Bitcoin in the coming month of September. In this article, we will delve into
The U.S. Commodity Futures Trading Commission (CFTC) has recently concluded a case against a South African company involved in crypto fraud. In an announcement made on September 7, the CFTC disclosed that a judge has entered a consent order against Mirror Trading International Proprietary Limited (MTI), holding the company accountable for various types of fraud.
Meme coins have gained significant attention from both the crypto community and the general public. These cryptocurrencies, known for their blend of humor, culture, and financial speculation, have become social phenomenons. One project that has drawn attention is Wall Street Memes, which has brought a new crowd to the market with its million-strong social media
Binance, one of the leading cryptocurrency exchanges, has been surrounded by rumors and negative news lately, causing fear, uncertainty, and doubt (FUD) among investors. However, CEO Changpeng ‘CZ’ Zhao has taken to Twitter to address these concerns and reassure customers about the company’s financial position and employee retention. Despite the market uncertainty, CZ firmly asserts
Crypto lender Celsius Network has taken legal action against EquitiesFirst Holdings by submitting an “adversary complaint” in an attempt to recoup assets from the private lender. The complaint states that EquitiesFirst owes Celsius $439 million, consisting of $361 million in cash and 3,765 BTC as of July 2022. Celsius is seeking injunctive relief and a
