1,700 UK investors have launched a group lawsuit in London’s High Court against Binance and founder Changpeng Zhao. The claimants say the pair sold risky crypto derivatives products to retail investors without authorization. UK Investors Demand $200M from Binance The plaintiffs allege that between around late 2019 and 2020, Binance offered products such as leveraged […]
The second-largest cryptocurrency has been severely damaged by the prolonged bear market, closing Q2 firmly in the red. Even more striking is that this marks the third consecutive quarter of losses for ETH – something unseen in the asset’s history and a clear signal of how persistent the current downturn has become. Analysts speculate that […]
Open USD (OUSD) stablecoin has emerged as one of the crypto market’s biggest trending topics after the project drew attention with the announcement of a consortium-backed stablecoin initiative involving more than 140 companies. Developed by Open Standard, the stablecoin is expected to go live later this year. Open USD Frenzy According to the latest findings […]
A newly released federal financial disclosure has revealed that US President Donald Trump holds more than $50 million worth of Bitcoin in a cold wallet. According to a 927-page document released by the US Office of Government Ethics, the Bitcoin is held under CIC Digital LLC as a “Cryptocurrency Wallet Virtual Bitcoin Key (held in […]
Crypto influencer Nick O’Neill said he deliberately sold off a community-created token after its developers sent him 60% of its supply. The incident has sparked criticism from some traders, while others argue the entrepreneur had no obligation to support an unofficial token created without his approval. O’Neill Defends Selling Unsolicited Token It all started when […]
According to on-chain indicators reviewed by analysts at the crypto exchange Bitfinex, bitcoin (BTC) still has some way to go before it bottoms out in this bear cycle. The latest Bitfinex Alpha report revealed that the leading digital asset could decline further into the $40,000s by the end of this year as more investors exit […]
A dispute over Bitcoin’s proposed BIP-110 soft fork has intensified after critics argued that the upgrade could break certain wallets and leave some users with permanently unspendable BTC if it activates. This is according to crypto investment advisor Farside Investors, who were challenging claims made by BIP-110 supporter Fred Krueger in a June 28 post […]
Altcoins are arguably the segment that has suffered the most throughout this bear market, said CryptoQuant analyst ‘Darkfost’ on Tuesday. 84% of altcoins are trading below their 200-day moving average and are in a “state of total underperformance,” he added. “Every attempt at a momentum recovery has failed outright,” he said, adding that the altcoin […]
As more opinions on Strategy’s latest bitcoin (BTC) moves surface within the crypto community, trader Merlijn has countered Ripple CEO Brad Garlinghouse’s stance on the matter. In a tweet addressing Garlinghouse’s remarks on Strategy’s recent BTC sale, Merlijn insisted that both Ripple and the business intelligence firm use the same funding models. In other words, […]
David Schwartz, who co-founded the XRP Ledger, has proposed a transaction reservation scheme as a potential fix for front-running on the network’s decentralized exchange and automated market maker. His proposal was in response to a post from the XRP-focused account XRPresso.io, which argued that validators and well-connected nodes can exploit pre-validation transaction visibility to extract […]