With further assault on the company’s “blue chip” Bored Ape Yacht Club NFT collection, ApeCoin, which powers Yuga Labs’ vast Otherside metaverse game and other apps, hit a record low on Tuesday. According to CMC, the value of ApeCoin, dropped to $1.77 late Monday and early Tuesday. The token had
In the 12th round of the LUNC burn mechanism, Binance burned 1.41 billion Terra Luna Classic (LUNC) tokens. The most recent burn brings the overall number of LUNC tokens burned by the cryptocurrency exchange to 37 billion, and the total number of LUNC tokens burned by the community to over
Bitgert (BRISE), a crypto engineering project, started this month with a sudden decline in its trading price. BRISE has experienced a decline of over 5.86% in the last 24 hours. The sudden decline has shocked the entire crypto market, as everyone expected it to reach new highs. In the last
To prosecute its fraud case against Terraform Labs and its founder, Do Kwon, a New York federal court has ruled that the U.S SEC may proceed with the case. Nonetheless, the court let the securities regulator go forward, contradicting a prior finding by colleague Judge Analisa Torres, who found that
According to its most recent financial attestation for the second quarter of 2023, Tether’s treasury reserve assets supporting circulating USDT tokens continue to grow. Tether Holdings said in its Q2 attestation report that its surplus reserves had grown by $850 million, to a total of $3.3 billion, as per the
In the evolving world of the crypto market, one memecoin has caught the attention of the entire crypto community with its price surge. BALD, the newly launched memecoin, has experienced a significant surge after its launch. a coin named $BALD just ran +40,000% in 48h's on a chain you can't
The Kansas Office of the State Bank Commissioner closed Heartland Tri-State Bank of Elkhart on July 29; the FDIC thereafter assumed management. The FDIC announced on July 31 that the four former Heartland Tri-State Bank locations will reopen as branches of Dream First Bank the following day. Customers of the
Companies in the crypto sector have come under increased scrutiny after recent scandals and bankruptcies in the industry. This scrutiny has extended to businesses, including accounting firms, who have been employed by these companies. Paul Munter, the SEC’s principal advisor on accounting and auditing concerns, issued a warning to crypto
In the fast-paced and ever-evolving world of finance, cryptocurrencies have emerged as a revolutionary force, captivating the imagination of investors and tech enthusiasts alike. Among the multitude of digital assets, several cryptocurrencies have been making waves in the market, especially during challenging moments. Let’s dive into the captivating world of
Worldcoin (WLD), a digital identity-based cryptocurrency project created by ChatGPT co-founder Sam Altman, is apparently under investigation by French authorities. Concerns about the Worldcoin project’s acquisition of biometric data have prompted the investigation. Worldcoin’s long-term goal is to develop an individual-empowerment-focused digital identification platform based on biometric data, including iris
