Label Foundation Joins Hands with LG Electronics for ‘Tracks’ Music Streaming Service
PRESS RELEASE. The Label Foundation recently announced an agreement with global electronics giant, LG Electronics, to launch ‘Tracks’, an innovative Web3 music streaming platform, which will be soon available on the latest version of LG…
Tron Founder Justin Sun Says HTX Exchange Hacked, Loses 5,000 ETH
According to several posts on the social media platform X written by Tron founder Justin Sun, the crypto exchange HTX (formally Huobi) was hacked for 5,000 ether. Despite the loss, Sun contends that user funds on the exchange are safe and the…
Decade-Old ‘Sleeping Bitcoins’ Awaken: $8 Million Moved From 2012 Addresses
In 2023, there’s been a marked uptick in activity from so-called ‘sleeping bitcoins’ that date back to 2012. After eight transactions totaling 520 BTC from 2012 spent four days ago, an address from 2012 moved 149.99 BTC at…
Will Shiba Budz (BUDZ) Dethrone Shiba Inu (SHIB) and Take off to the Moon
PRESS RELEASE. New cryptocurrency initiatives are continuously arising, each with its own distinct value proposition and room for expansion. Shiba Budz (BUDZ), one such effort, has recently gained attention. Shiba Budz (BUDZ), positioned as the…
Decentralized Exchange Mixin Kernel Confirms Hack on Its Platform Involving Approximately $200M
Mixin Kernel confirmed on Sept. 25 that it was the victim of a hacking attack which had resulted in the loss of assets on the mainnet. The decentralized exchange said it has since suspended deposit and withdrawal services and only expects to…
Latam Insights: Bitcoin Farm Found at Venezuelan Jail, Bill Protecting Crypto From Seizure Advances in Brazil
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: a Bitcoin mining farm is discovered during a raid on a Venezuelan jail, a bill that protects crypto from…
Coinbase Registers as Crypto Exchange and Wallet Provider in Spain
U.S.-based crypto exchange Coinbase has obtained a registration in Spain that will allow it to offer a range of services for digital assets. The authorization fits into the company’s current strategy for global expansion through acquiring local…
British Law Firm to Sue Onecoin Cryptoqueen to Recover Investor Funds
A London-headquartered law firm is preparing a lawsuit against the fugitive mastermind of the Onecoin crypto pyramid scheme, ‘Cryptoqueen’ Ruja Ignatova. Its lawyers intend to file a class action suit in the United Kingdom’s High Court, the Britishâ
Crypto Exchange Bybit Suspending Services in UK to Comply With New Regulations
Cryptocurrency exchange Bybit is suspending services in the U.K. next month in order to comply with the new rules set by Britain’s top financial regulator, the Financial Conduct Authority (FCA). “The suspension will allow the company to focus…
Venezuelan Authorities Find Grenade Launchers, Bitcoin Miners, and Even a Zoo in a National Jail
Venezuelan authorities found weapons of war, a discotheque, pools, a zoo, and even a makeshift Bitcoin mining farm in a raid completed on a national jail. The raid, executed in the Tocoron National Penitentiary Center, located in the Aragua state…
Terra Classic Votes to Halt USTC Minting; Community Eyes Future Re-Peg
Following a decisive vote by the Terra Classic community, an initiative to halt the creation of the previously termed stablecoin, terra usd (commonly referred to as UST or USTC), has been approved. Despite 40.56% opposition, 59.42% of the vote gave…
NFT Sales Doldrums: 30-Day Plunge Sees 34% Decline Amidst Chilling Digital Collectible SectorÂ
Fresh data indicates a continuing decline in non-fungible token sales, dipping 3.2% in the last week and plummeting 34% over the past month. As September nears its end with six days remaining, NFT sales have tallied up to $341.37 million since…
Diminished Activity, L2 Migration Push Ethereum to Turn Inflationary
Recently, Ethereum has seen a shift towards inflation, sparked by a dip in network activity and onchain fees. Data reveals that, with decreased activity and lower fees, Ethereum’s inflation rate stands at 0.270%. The decline in overall…
Decoding Atomicals: Unpacking the Newest Addition to Bitcoin’s Tech Suite
Following the introduction of Ordinal inscriptions, BRC20 tokens, and Stamps on the Bitcoin blockchain, the community has seen the debut of a new digital object technology named Atomicals. Meet Atomicals: The Latest Data-Embedding Technology on the…
Mark Cuban Hacked for $870K in Crypto, Economist Warns of ‘Tragic Ending’ for USD — Week in Review
Dallas Mavericks owner Mark Cuban sees his Metamask crypto wallet hacked, Peter Schiff says “day of reckoning is at hand” for dollar and U.S. economy, and the crypto community shows skepticism about rumors of Blackrock pivoting to…
Bitcoin ETFs Explained: A Closer Look at BTC Exchange-Traded Products
Exchange-traded funds, or ETFs, that track the price of bitcoin have become a popular means for mainstream investors to gain exposure to the cryptocurrency market without directly owning bitcoin. Though the U.S. Securities and Exchange Commission…
FBI Wanted Co-Founder of Crypto Exchange Wex Sentenced in Russia
Aleksey Bilyuchenko, co-founder of Wex, the successor of the infamous Russian crypto exchange BTC-e, will spend only a couple of years in prison. The Russian, who is charged in the U.S. with money laundering, has been sentenced in his homeland as…
Coinbase Sought to Buy FTX Europe for Its Derivatives Business, Report
Leading U.S. crypto exchange Coinbase pursued the acquisition of failed coin trading competitor FTX’s European subsidiary, a media report revealed. The move has been seen as proof of the growing importance of derivatives for the American…
Robert Kiyosaki Advises Buying Bitcoin Today — Foresees a Rush to Buy BTC as Stocks, Bonds, and Real Estate Crash
Rich Dad Poor Dad author Robert Kiyosaki has advised investors to buy bitcoin today before stock, bond, and real estate markets crash and people rush to buy BTC alongside gold and silver. The famous author has predicted that bitcoin’s price…
Skybridge Founder: Every Wall Street Firm Will Sell Bitcoin ETF to Clients — ‘Next 10 to 20 Years Are Remarkably Bullish’
Skybridge Capital founder Anthony Scaramucci has explained why he is still bullish on bitcoin. Emphasizing that every Wall Street firm is going to have a bitcoin exchange-traded fund (ETF) in their arsenal that they will sell to their clients, he…
Clock Ticks Slower for Justin Sun and Rainberry: Court Grants Extension Amid SEC AllegationsÂ
In the lawsuit pitched by the U.S. Securities and Exchange Commission (SEC) against Tron’s brainchild, Justin Sun, and his enterprise Rainberry, a judicial nod has been granted for an extended timeline for the defense. Sun now has until…
A Lehman Opportunity — Distressed-Debt Titans Eye Huge Returns in FTX Claims Market
Prominent distressed-debt moguls are diving into the FTX bankruptcy claims arena, seizing debts at bargain prices with aspirations of lofty profits. This year, Silver Point Capital, Diameter Capital Partners, and Attestor Capital have acquired over…
Arkham Identifies Coinbase’s $25B in BTC; Rivals Nakamoto’s Legacy Coins
On September 22, 2023, Arkham Intelligence unveiled that it has identified addresses tied to a staggering $25 billion from Coinbase’s bitcoin (BTC) holdings. This cache represents the most substantial BTC reserve on Arkham. The firm points…
Liquid-Staking Token-Backed Stablecoin MKUSD Surges 27,000% in Under a MonthÂ
Since the start of 2023, the size of the stablecoin economy has decreased amid numerous redemptions. However, new stablecoin asset projects, such as Aave’s GHO, First Digital’s FDUSD, and Paypal’s PYUSD, have emerged. On…
Biggest Movers: SHIB Extends Gains, LINK Hits 5-Week High on Saturday
Shiba inu was a notable mover to start the weekend, as the meme coin rose for a second consecutive session. The surge comes despite the global crypto market cap mostly consolidating today. Chainlink also raced higher, hitting a five-week high…
Bitcoin, Ethereum Technical Analysis: BTC Establishes a New Support Point on Saturday
Bitcoin started the weekend in consolidation, as traders seemingly found a new price floor at $26,500. The price uncertainty comes as markets settled following a volatile week, which was headlined by the Federal Reserve rate decision. Ethereum…
Block.one’s Settlement Offered a ‘Tiny Fraction’ of the $4.1 Billion Raised — EOS Network Foundation CEO
According to Yves La Rose, the founder and CEO of the EOS Network Foundation (ENF), the blockchain software company Block.one’s failure to financially back the EOS ecosystem after the 2018 initial coin offering (ICO) is one of the many…
Client Demand and ‘Negative Events’ Pushing Tradfi Institutions Towards Crypto — Bitrue Chief Strategy Officer
Growing client demand for cryptocurrencies and the belief that they represent a new asset class help to explain traditional financial institutions’ newfound interest in digital assets, the chief strategy officer at Bitrue has said. The…
Study: Sub-Saharan Africa’s Bitcoin Transaction Volume Number One Globally, Data Indicates Shift Towards Stablecoins
Despite accounting for just 2.3% of global transaction volume, the latest data shows that crypto has penetrated key markets in Sub-Saharan Africa and “become an important part of many residents’ day-to-day lives.” With a…
Hungarian Authorities Seize Crypto Worth $1M in Tax Fraud Case
Hungarian authorities have seized cryptocurrency worth over $1 million from a criminal organization in a value-added tax (VAT) fraud case. The authorities raided 28 locations, arrested three suspects, and seized various assets tied to the group…
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