The crypto market has witnessed a significant surge in the last 24 hours, with several cryptocurrencies showing remarkable gains. As investors closely watched the crypto market’s volatility, these top gainers emerged as standout performers, capturing the attention of the market. This article delves into the top three gainers in the
On May 23, the U.S. Treasury announced the blacklist of crypto holdings wallets with alleged ties to the North Korean government. According to the report, the Binance-hosted wallets received several cryptocurrencies worth $2 million that were then sent to the North Korean entities. Treasury’s Office of Foreign Assets Control (OFAC)
Amid a potentially game-changing scenario, the crypto market is at an unprecedented juncture. Glassnode, a world-leading on-chain and financial metrics firm, reports a cyclical low in major asset inflows to exchanges, with the value dipping to a mere $1.65 billion. This low is noteworthy, as we haven’t seen such a
In a recent development, the regulatory authority in Malaysia has decided to shut down Huobi Global, a well-known cryptocurrency exchange. The move comes in response to the exchange’s unregistered status. And its implications have sent shockwaves throughout the crypto community, leaving Malaysian traders in a state of uncertainty. The regulatory
Jerome Powell, the Federal Reserve Chairman, stated that the central bank is strongly committed to returning inflation to the 2% goal. And the failure could cause greater harm to the economy. The statement raises the question of whether the failure also harms the crypto market. On May 19, while speaking
Shiba Inu (SHIB) partners with Tangem, a crypto hardware wallet company, to launch SHIB-themed crypto wallets. On May 18, the SHIB team confirmed the collaboration with a tweet. Moreover, pre-orders for the SHIB-themed crypto wallet begin on May 29. #SHIBARMY! @Tangem is about to unleash SHIB-themed cold wallets! 🎉 These
In the aftermath of a failed acquisition by Binance.US, Voyager Digital, a crypto lending firm, has announced that its customers will be able to reclaim approximately 35% of their cryptocurrency deposits. As the company prepares to conclude its operations, this measure aims to provide some compensation to affected users. Judge
The U.S. Department of Justice (DOJ) will target crypto exchanges that engage in or allow criminal activity, such as money laundering. Moreover, the illicit transaction rate has surged up to $20 billion in 2022, which is an increase of 40% from 2021. On Monday, the Financial Times reported that the
Coinbase has been quite vocal recently against US regulators. With the increased scrutiny of the crypto industry by the SEC, there has been regulatory uncertainty in the US. While crypto players have been demanding a fair game with clearer regulations, it seems to be a never-ending battle. According to the
The past week has been a rough ride for the crypto industry, with a series of unfortunate events leading to significant setbacks for some of the most prominent players in the market. From regulatory crackdowns to legal battles and price drops, here’s a roundup of what went down. Binance Shuts
