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Vaneck Introduces Meme Coin Tracking With ‘MEMECOIN’ Index
FTT Surges 50% On FTX Creditors’ Claims Settlement And Billions In Compensation: How High Can It Rise?
[May 8 1:00 PM] In a significant development, defunct cryptocurrency exchange FTX has unveiled a reorganization plan to reimburse almost all of its customers. The announcement has sparked a substantial surge in the exchange’s native token, FTT, which…
Binance CEO Says Nigeria’s Detention of Employee on ‘Spurious’ Charges Sets ‘Dangerous Precedent’
Cardano Offering Better Buying Window Than Other Top Coins, Santiment Reveals
[May 8 12:00 PM] The analytics firm Santiment has revealed that Cardano (ADA) currently shows a slightly better buying opportunity than the other top coins. Cardano May Be Showing A Good Buying Opportunity According To RSI In a new post on X, Santiment discussed…
Ethereum Proposal by Vitalik Buterin Introduces Advanced Account Abstraction Features
[May 8 11:41 AM] A new Ethereum Improvement Proposal, EIP 7702, spearheaded by Vitalik Buterin and fellow collaborators, aims to refine account abstraction on the Ethereum network, enhancing quantum resistance and compatibility with existing standards. EIP 7702…
Grayscale Withdraws Ethereum ETF Proposal Amid Skepticism Over SEC Approval
[May 8 10:31 AM] Grayscale has retracted its application to list its ethereum trust, known as ETHE, as detailed in a filing with the U.S. Securities and Exchange Commission. James Seyffart, a Bloomberg analyst specializing in exchange-traded funds (ETF), expressed…
Mixed Fortunes for US Bitcoin Funds as GBTC Losses Offset Other Gains
Tether scales crypto payments in Eastern Europe with new investment
[May 8 8:09 AM] The new investment aims to strengthen CityPay.io’s expansion into Eastern Europe, specifically into Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan.
Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows
[May 8 7:11 AM] FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from itself and its affiliate…
Trader loses 7-figure sum due to 0L Network hard fork
[May 8 7:05 AM] “Forking out wallets without community input is theft,” according to the trader, who also claims to be part of 0l Network’s marketing team.
Bitcoin Technical Analysis: BTC Faces Growing Uncertainty Amidst Market Fluctuations
[May 8 6:24 AM] As of May 8, 2024, bitcoin’s price is coasting along at $62,378, experiencing a 24-hour intraday range from $62,096 to $64,413, with a trading volume of $17.91 billion and a market capitalization of $1.22 trillion. Despite a decline of 2.1%…
Nigerian stakeholders demand Binance reveal identity of bribery official
[May 8 6:13 AM] SIBAN’s executive secretary, Rume Ophi, stressed that Binance should reveal names to substantiate the claim and allow authorities to address wrongdoing.
Elaborate Elon Musk deepfake crypto fraud uncovered in Hong Kong
[May 8 5:47 AM] A fraudulent crypto exchange platform used AI-generated videos of Elon Musk and misleading information to promote crypto trading services.
Worldcoin CEO Met With Argentine Government Officials Amidst Ongoing Probes
[May 8 3:34 AM] Alex Blania, CEO of Tools For Humanity, the company behind Worldcoin, recently traveled to Argentina and met with high-profile officials of President Milei’s administration. The objective behind these meetings would be to clarify this…
Bankruptcy law firm S&C absolved from misconduct, according to new FTX proposal
[May 8 2:56 AM] FTX’s amended plan contains an exculpation clause that could absolve Sullivan & Cromwell, along with all debtors, of future liabilities.
SEC files final response in Ripple XRP case
[May 8 1:30 AM] The SEC argues that Ripple’s claims do not negate the need for injunctions to prevent future violations.
US Sanctions Lockbit Leader in Ransomware Crackdown
[May 8 12:19 AM] On May 7, the U.S. announced sanctions against Dmitry Yuryevich Khoroshev, a key figure in the Lockbit ransomware group. The U.S., alongside international allies including the UK and Australia, has taken coordinated measures to curb the activities…
Nigerian SEC to ‘Delist’ Local Currency From P2P Crypto Trading Platforms
[May 7 11:31 PM] The Director General of Nigeria’s Securities Regulator has announced plans to delist the local currency from peer-to-peer cryptocurrency trading platforms in the coming days. He insisted that the decision to delist the naira aims to eliminate the…
Cryptocurrency Imports in Brazil Break Records and Begin to Affect Trade Balances
[May 7 9:38 PM] Purchases from foreign cryptocurrency exchanges, considered imports, have broken records in Brazil, putting some weight into the nation’s trade balance. During the last 12 months, cryptocurrency purchases reached $14.84 billion, after…
Fantom (FTM) Bull Run: 8% Price Surge And Robust Double-Digit Growth In Key Metrics
[May 7 6:00 PM] Fantom (FTM), a Layer-1 (L1) protocol, and its native token, FTM, have experienced significant gains and notable achievements in the first quarter (Q1) of 2024. According to a comprehensive performance analysis conducted by Messari, amid the…
SEC Chair Gary Gensler Calls Crypto ‘Outsized Piece of Scams, Frauds, and Problems in Our Markets’
[May 7 5:11 PM] The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated his view that crypto is a field full of noncompliance. While noting that crypto is a small piece of the overall U.S. financial market that his agency…
Robinhood Prepares to Fight SEC in Court Over Crypto, CEO Reveals
‘Big Short’ Investor Calls Crypto One of the ‘Great Themes of Our Time,’ But He’s Not a Believer
Cartier Family Member Indicted for Using USDT to Launder Hundreds of Millions in Drug Trafficking Money
[May 7 11:37 AM] Maximilien De Hoop Cartier, a descendant of the family famous for their French luxury goods Cartier, has been indicted for his participation in a network that allegedly used several shell companies to launder drug trafficking money proceeds using…
Positive Market Turn: US Bitcoin ETFs See Substantial Inflows After Last Week’s Outflows
[May 7 9:36 AM] According to statistics, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second consecutive day of positive inflows after recording approximately $378.3 million on Friday. During Monday’s trading sessions, the U.S.-based bitcoin…
Polymarket Bets Reflect Low Confidence in Ethereum ETF Approval by SEC
[May 7 7:33 AM] According to a wager on the decentralized betting platform Polymarket, the likelihood of a spot ethereum exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission currently stands at just 7%. This forecast…
Chainalysis Named Council Member of MENA Banking Group’s Digital Asset Lab
[May 7 5:20 AM] Chainalysis, a blockchain analysis firm, has been appointed as a council member of Digital Asset Lab. The firm will use its expertise to assist Emirates NBD’s lab in understanding market trends and client needs. The Digital Asset Lab’s…
Australian Tax Office seeks data from 1.2M crypto exchange users: Report
[May 7 4:51 AM] The personal and crypto-transaction related details could help identify users who failed to report their tax obligations, according to the Australian Tax Office.
Nigerian officials proposed secret crypto settlement, claims Binance CEO
[May 7 3:33 AM] Binance CEO Richard Teng says the Nigerian government has set a dangerous precedent after inviting company executives to meetings before detaining them.