On-chain data shows the Bitcoin whales have accumulated 84,897 BTC during the last five weeks, something that could be bullish for the price. Bitcoin Whales Have Been Growing Their Holdings Recently According to data from the on-chain analytics…
Dogecoin Multiple Attempts At $0.10: Will The Barrier Finally Be Broken?
Dogecoin (DOGE), in light of the current meme coin craze, has become a major topic of conversation and speculation in the financial circles. Over the past weeks, Dogecoin has tallied decent gains in value, and getting the nod of investors and…
Visa Deploys Paymaster Smart Contract On Ethereum Testnet
Cuy Sheffield, Head of Crypto at Visa, a global payments technology company operating in over 200 countries, has confirmed that they have deployed its first paymaster smart contract on the Goerli testnet of Ethereum, a smart contracting platform…
Ripple to demonstrate tokenization in HKMA e-HKD pilot program using new CBDC platform
The Hong Kong Monetary Authority is looking at retail CBDC use cases, such as the equity release of tokenized real estate assets with Ripple’s new CBDC product.
G-7 Must Take Charge in Ending 'Lawless' Crypto Space, FATF Chief Says
President of the global financial crimes watchdog, T. Raja Kumar, urged G-7 leaders to "effectively" implement FATF's crypto anti-money laundering norms ahead of their meeting this weekend.
FTX Units Sue Embed Shareholders, Seek to Retrieve $6.9M
Alameda alleges that Bankman-Fried and other insiders paid Embed misappropriated FTX funds in late September 2022, only weeks before the crypto exchange filed for bankruptcy.
Pakistan to Ban Online Services Related to Cryptocurrencies
Authorities in Pakistan intend to prohibit all internet-based crypto services despite significant digital-asset investments made by Pakistanis. The decision comes as government officials in Islamabad take a strong stance against the legalization of…
Grayscale and Bitwise distance themselves from Ether futures ETF plans
Grayscale has stopped its ETH futures ETF plans after a warning from the SEC, while Bitwise amended its SEC filing to halt any launch of Ether ETF products.
Lido Community Members Propose LDO Token Staking and Buyback Plan
The proposal includes a revenue-sharing parameter that would redirect 20-50% of “future Lido DAO revenue from the protocol treasury to stakers of $LDO.”
Crypto Observers Decode Large Block Trade in Ether Options
Debate rages on whether the large ether options flow witnessed on Tuesday represents a bet on return of volatility or a rollover of a "covered call" strategy.
U.S. Court Asked to Reverse Decision to Not Appoint Independent Examiner in FTX Bankruptcy
A Delaware bankruptcy court judge denied a motion to appoint a neutral examiner to avoid a lengthy and costly investigation that would slow the progress of the bankruptcy proceedings.
Brazilian President Lula Ends Fuel Price Peg to the US Dollar, Announces Wholesale Discounts
Brazilian President Luiz Inacio ‘Lula’ da Silva has announced that state oil company Petrobras will not be using US dollar-based international prices to set its internal fuel pricing structure. The “Brazilianization” of the…
Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals
Investors, plagued by mounting pessimism, have sought refuge in cash, according to a recent survey conducted by Bank of America. The survey highlights a notable 5.6% increase in cash reserves during May, as apprehensive investors brace themselves…
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