JPMorgan Chase CEO Jamie Dimon expressed his doubts about bitcoin once again in an interview with CNBC on Thursday. The JPMorgan executive said, “Bitcoin itself is a hyped-up fraud. It’s a pet rock.” Dimon on the recent FTX fall stated: “I’m not surprised at all. I call them a decentralized
The protocol has started burning ETH at a tremendous pace as part of EIP (Ethereum Improvement Proposal) 1559, which was released in August 2021. To comply with EIP-1559, a little bit of every Ethereum transaction is wiped out. This includes every NFT trade, yield strategy, and even basic token transfer.
According to blockchain records, a Chinese miner recently transferred roughly 5,600 bitcoin (BTC), valued at almost $124 million, to the Binance cryptocurrency exchange, a move that might be regarded as a preparation to liquidate the holdings. Earlier this week, analytical company CryptoQuant saw a string of transactions in which Bitcoin
On Friday, credit rating agency Moody’s said that it has reduced Coinbase’s (COIN) credit rating and guaranteed senior unsecured notes due to the company’s significantly diminished revenue and cash flow production capabilities. The long-term rating that represents the possibility of default on a business family’s debt, known as the corporate
On Thursday, Genesis, a struggling crypto lending behemoth, filed for bankruptcy protection. With the Stellar Development Foundation identified as one of the top creditors. According to Genesis’s bankruptcy papers, the foundation has a claim for $13 million. It was revealed that the foundation extended a loan of roughly $13 million
Omar Sultan Al Olama, minister of the digital economy in the United Arab Emirates, has said that the Virtual Assets Regulatory Authority (VARA), the country’s virtual assets regulator, has not awarded any operational licenses as of yet. Al Olama allegedly said during the WEF that neither Binance nor FTX, nor
Aptos (APT) the highly sensational cryptocurrency has attained its new All Time High (ATH) as per the CoinMarketCap (CMC) data. According to one of the most referenced and popular crypto data aggregators CMC, APT has gained an ATH of $12.66. The token is ranked 31st at the trading price of
The second largest meme cryptocurrency Shiba Inu’s ($SHIB) lead developer Shytoshi Kusama left the ‘SHIB Army’ with another puzzle to solve. As he appeared to have alerted the Shib community about the status of the much-anticipated “layer-2 blockchain Shibarium” via a cryptic update on his official Twitter account. Shytoshi Kusama
Amidst mutterings of the crypto market starting it’s road to recovery in 2023, following one of the worst downturns in many years, some tokens have not only survived the storm, but have emerged triumphant and ready to take advantage of the space left bare of competition. Fast emerging as one
With the announcement of the Robinhood Wallet’s release yesterday, Robinhood has officially entered the cryptocurrency wallet market. This is mobile software that allows users to trade and transfer digital assets such as cryptocurrencies and NFTs. The wallet’s other capabilities include the ability to make cryptocurrency exchanges without incurring any network
