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The U.S. Securities and Exchange Commission (SEC) has reinforced its strict stance on limiting crypto custody services for banks and regulated financial firms. In a recent talk at a banking conference on September 9, SEC Chief Accountant Paul Munter reaffirmed the agency’s firm position on rules governing the custody of
September 10, 2024 2 mins read
Pump.fun, a Solana-based marketplace for creating and distributing custom tokens, primarily memecoins, has made headlines with a peculiar warning to U.S. users. On September 10, the platform took to Twitter to issue a public service announcement: “PSA: If you are a sensitive American, please avoid visiting Pump.fun in the next
September 10, 2024 2 mins read
Ethereum (ETH) has slipped into a challenging phase, with its price falling to the $2.2K zone for the first time since late January. This decline comes amid several key developments and market shifts that are adding pressure to cryptocurrency. In recent weeks, Ethereum has struggled to maintain its upward momentum.
September 9, 2024 2 mins read
Elon Musk has once again captured the attention of the Dogecoin community by announcing that “Dogecoin will serve as the official mascot for his proposed Department of Government Efficiency.” But what exactly does this mean? Recently, the Tesla and SpaceX CEO posted a tweet referencing a “Department of Government Efficiency,”
September 9, 2024 2 mins read
Japan’s Tokyo Electric Power Company (TEPCO) is exploring green energy management through its subsidiary, Agile Energy X. By utilizing surplus renewable energy for Bitcoin mining, the company aims to tackle energy waste and generate significant revenue. According to a report by local media Asahi Shimbun, Agile Energy X revealed that
September 9, 2024 2 mins read
The interoperability network crypto coin Quant (QNT) has showcased a notable price increase of approximately 12%, climbing from a low of $63.96 to a high of $71.58. This marks the second consecutive day of gains, with QNT reaching its highest level since August 24. Although the token has risen by
September 9, 2024 2 mins read
The cryptocurrency community is still reeling from the shock of the Indian crypto exchange WazirX hack that happened on July 18, 2024. With a staggering loss of around $230 million, this incident has become the largest cryptocurrency hack of the year. As the company works towards recovery, WazirX hackers have
September 5, 2024 2 mins read
SEC Ripple Case Update: Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) has taken a new turn, with the company seeking a stay on the $125 million penalty recently imposed. This comes amid rising concerns over a possible SEC appeal following the recent ruling in favor of
September 5, 2024 2 mins read
Bitcoin price movement has drawn significant attention from traders over the past month, with many anticipating a recovery. However, the cryptocurrency has struggled to break through the $60,000 resistance zone. Since the start of September, Bitcoin price fluctuations have remained between $55,500 to $58,000. In the past 24 hours, BTC
September 5, 2024 2 mins read
As the global crypto market faces a downturn with Bitcoin (BTC) slipping to the $55K zone, Binance’s native cryptocurrency, BNB, is not immune to the turmoil. According to CMC data, BNB has fallen over 7.64% in the past 24 hours, dipping from a high of $537 to a low of
September 4, 2024 2 mins read