A creative writer with a flair for storytelling and a deep interest in cryptocurrencies and blockchain technology.
Binance has issued a statement clarifying that it bears no responsibility for the financial issues at WazirX, following a $235,000 loss due to a cyber-attack on the platform in July 2024. The statement comes as rumors circulated about Binance’s involvement, which the company has labeled as “false and misleading.” In
September 17, 2024 2 mins read
Shiba Inu (SHIB), the second largest memecoin by marketcap, has captured market attention with its recent price movements and a dramatic increase in its burn rate. Amid hitting two week high of $0.00001411, four days ago, SHIB bears took back control today, it is trading at $0.00001328 with a decline
September 17, 2024 2 mins read
The Federal Open Market Committee (FOMC) begins its meeting today, with a decision on interest rates expected to significantly influence market dynamics. The prevailing speculation is that the US Federal Reserve will announce a rate cut after the two-day event, potentially impacting Bitcoin and the broader crypto market. Historically, interest
September 17, 2024 2 mins read
Two U.S. Securities and Exchange Commission (SEC) commissioners have expressed dissent over their agency’s $750,000 settlement with Flyfish Club, a restaurant using non-fungible tokens (NFTs) to sell memberships. The SEC’s Sept. 16 order stated Flyfish conducted an unregistered sale of crypto asset securities by offering 1,600 NFTs, raising $14.8 million.
September 17, 2024 2 mins read
In a landmark ruling, the Madras High Court in Chennai has clarified that police and investigative agencies cannot freeze entire bank accounts while probing cyber crime cases. Instead, they are allowed to freeze only the specific amount involved in the alleged fraud. This decision comes as a critical intervention at
September 16, 2024 2 mins read
MicroStrategy Inc. (NASDAQ: MSTR), a leading business intelligence and software firm, has significantly bolstered its Bitcoin portfolio with the acquisition of approximately 18,300 BTC. Between August 6 and September 12, 2024, the company invested $1.11 billion at an average price of $60,408 per Bitcoin, including fees and expenses. The purchase
September 13, 2024 1 min read
In a market subdued by slow activity, Polygon’s native token, POL (formerly MATIC), has emerged as a standout performer. The token recently reached a 12-day high of $0.4219, recovering from a prolonged bearish phase. As of the latest data, POL is trading at $0.4141, marking a notable 9.3% increase in
September 13, 2024 2 mins read
Ethereum, the leading altcoin, has experienced a sustained bearish trend, with a 14% decline in the past month. Currently trading at $2,353, the cryptocurrency saw a modest dip of 0.31% over the past 24 hours, while its trading volume plummeted by 30%. This comes with the overall market volume dropping
September 13, 2024 2 mins read
James Fickel, founder of Amaranth and known for his bullish stance on the ETH/BTC trading pair, has swapped another 5,000 ETH, valued at $11.3 million, for 204.8 WBTC at a 0.041 ETH/BTC rate over the past six days. This move follows his earlier actions on August 11, when he swapped
September 13, 2024 2 mins read
El Salvador has made headlines once again in the cryptocurrency world by consistently adding one Bitcoin to its national reserves every day for the past 665 days, regardless of market conditions. This accumulation strategy has brought the government’s Bitcoin holdings to 5,871 BTC, currently valued at approximately $342 million. 🇸🇻
September 12, 2024 2 mins read