According to reports in local media, fifteen French investors have filed a lawsuit against Binance France and Binance Holdings Limited for false concealment and deceptive business activities. Binance was accused of breaking French law on December 14 in a complaint made by the plaintiffs. The complaint said that the exchange
After a few days of being the center of crypto and social media attention due to former president Donald Trump’s NFT collection, the buzz around the digital collectible seems to have faded away. The NFT collection seems to be fighting for survival as the value and number of transactions using
Bitcoin hashrate which fell on Dec 25th nearly reaching a 39% low in the week started to surge. As per the CoinWarz data, the bitcoin hashrate was 168.85 EH/s on Dec 25th. And two days prior (Dec 23rd) it was 271.4 EH/s. The reason for the fall was stated to
Let’s take a look at the top 5 cryptocurrency gainers of the past 24 hours. The Graph (GRT) The Graph (GRT) is the native token of The Graph, a decentralized indexing and query protocol. GRT was launched as an ERC-20 token in 2020. According to CoinMarketCap (CMC), The Graph is
The cryptocurrency market started this week with a positive trend. The Shiba Inu’s Bone ShibaSwap ($BONE) trend indicates signs of a significant price spike due to the roadmap’s list of events anticipated for later this year. Shiba Inu ($SHIB) began as a basic meme token, but now SHIB’s developers have
The FTX crypto exchange became obsolete after its sister company Alameda Research had its felonious hands over the FTX Users’ funds. FTX along with its 130 more affiliated companies commenced their voluntary chapter 11 under the U.S. Bankruptcy code. According to the U.S. District Court, the debtors (FTX) paid $12
OpenSea, the biggest marketplace for NFTs, said today that it is prohibiting digital artists from all nations sanctioned by the United States, including Cuba, because of the embargo imposed by Washington. The prohibition was first revealed following the disabling of NFTcuba.ART profile on the marketplace. It was announced through Twitter
The former CEO of Alameda Research, Caroline Ellison, admitted that she and Sam Bankman-Fried, a co-founder of FTX, deliberately misled lenders about the funds which the bankrupt trading company was borrowing from the cryptocurrency exchange. Additionally, Caroline Ellison admitted in the court record of her hearing on 19th December how
The progress toward the next Bitcoin block reward reduction has hit 65%. Several on-chain analytics implied that Bitcoin is at or very close to its cycle bottom. The Bitcoin cycle typically reaches its lowest point 517–547 days before the subsequent halving event. So, it will be almost 500 days before
At a session titled “Digital Rupee: A Way Forward.” Executive director of the Reserve Bank of India Ajay Kumar Choudhary said that adopting digital currency will greatly improve system operating efficiency and advance financial inclusion. Furthermore, Choudhary argues that transitioning to a digital rupee will provide new levels of stability.
