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
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
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
In a shocking revelation, the Federal Bureau of Investigation (FBI) has identified the North Korean Lazarus Group as the mastermind behind the recent $41 million hack of crypto gambling site Stake. This notorious cybercrime organization has a long history of carrying out sophisticated attacks, and the FBI has linked them to over $200 million in
Tamadoge, a leading web3 games platform, has recently unveiled an exciting new burn program aimed at enhancing the scarcity and value of its native token, $TAMA. This comprehensive strategy focuses on reducing the circulating supply of $TAMA by implementing three distinct methods: Mega Burns, Community Burns, and Platform Revenue Burns. To kickstart the burn program,
Mirae Asset Securities, one of the major finance powerhouses in Korea, has recently partnered with Polygon, a popular blockchain network. This collaboration has sparked curiosity about how it will affect the price of Polygon’s native cryptocurrency, MATIC. With Mirae Asset Securities’ extensive influence and Polygon’s innovative blockchain technology, the partnership holds the potential to drive
The rapid growth of crypto-assets, including Bitcoin and stablecoins, has caught the attention of global financial regulators. The International Monetary Fund (IMF) and the Financial Stability Board (FSB) recently published a report commissioned by G20 under India’s leadership, which highlights the need for a comprehensive framework to regulate these digital currencies effectively. The report emphasizes
Coinbase Singapore has announced that starting from September 5th, users will need to provide additional counterparty information when initiating cryptocurrency deposits or withdrawals. These measures have been put in place to comply with the regulations set by the Monetary Authority of Singapore (MAS) regarding anti-money laundering and countering the financing of terrorism. According to Coinbase’s