The past week has been marked by caution among Bitcoin traders, leading to a decline in trading volumes both in spot trading and Bitcoin derivatives. This decline in trading activity raises questions about the future price of Bitcoin. This article delves into the significance of falling trading volumes and their potential impact on the cryptocurrency
A recent class action suit brought against the law firm Fenwick & West has prompted a response defending its actions. The lawsuit, initiated in August, alleges that Fenwick & West holds partial liability for fraudulent activities conducted by FTX. In its filing, Fenwick & West has presented various arguments to dismiss the case, highlighting the
As the cryptocurrency community eagerly awaits the US Securities and Exchange Commission’s (SEC) decisions, the future of the crypto industry hangs in the balance. One key decision the SEC is expected to make is whether or not to appeal the ruling in its case against asset manager Grayscale. The deadline for an appeal is October
ConsenSys, a prominent Ethereum software company, has recently announced that it will be sunsetting Truffle and Ganache, two widely used toolkits in the Ethereum development community. This decision comes as ConsenSys redirects its focus towards MetaMask toolkits like Snaps and SDK, with the goal of empowering developers and accelerating the development of its products. While
As the U.K. Financial Conduct Authority (FCA) prepares to implement new crypto marketing rules in October, Bybit, a leading crypto exchange, has made the decision to leave the U.K. market altogether. The move comes as a proactive response to the forthcoming regulations, which require crypto companies to comply with enhanced transparency and consumer protection measures.
The IMX token, the native token of the ImmutableX NFT platform, has experienced a remarkable overnight surge of over 30%. This sudden and sensational move was driven by a massive influx of volume on South Korean crypto markets. As a result, the IMX token is now poised to test resistance at the 200-day moving average
Busan, a city in South Korea, has announced its plans to launch a blockchain-powered digital assets trading platform known as the Busan Digital Asset Exchange (BDX). This long-awaited exchange aims to tokenize valuable assets such as raw materials and precious metals, using blockchain technology. The city officials have expressed their intention to establish the exchange
East Asia has been buzzing with news lately, and not all of it is good. One highly anticipated event, the Token2049 conference in Singapore, took a disastrous turn for the troubled cryptocurrency exchange JPEX. The conference became the scene of drama as Hong Kong police arrested 11 individuals linked to JPEX on charges of fraud
Ethereum, the second-largest cryptocurrency, is currently facing downward pressure, with its price dropping below $1,600. However, recent on-chain data reveals an interesting development. A prominent crypto whale, known as “0xb154,” has moved a substantial amount of Ethereum from Binance, a popular cryptocurrency exchange, to a non-custodial wallet. On September 21, the whale transferred over $8.1
US retail giant Walmart has recently made a foray into the metaverse, joining other corporate entities in capitalizing on the growing popularity of platforms like Roblox. However, Walmart’s strategy has come under fire for targeting children, raising concerns about ethical advertising practices and the potential exploitation of young users. This article delves into the criticism