The Australian Securities and Investments Commission (ASIC) has recently taken legal action against eToro, a popular online trading platform, claiming that it violated financial regulations related to cryptocurrency derivative products. According to ASIC, eToro allegedly contravened the design and distribution obligations under the Corporations Act 2001 between October 2021 and July 2023. This lawsuit comes
The cryptocurrency community has been buzzing with skepticism regarding the revival plans of FTX exchange. Prominent figures in the industry, such as Jesse Powell, co-founder of Kraken, have raised valid concerns about the feasibility of FTX 2.0’s aspirations. Powell took to Twitter to express his doubts, highlighting various challenges that could potentially impede the resurrection
The blockchain sphere has been captivated by the emergence of Kaspa, a Directed Acyclic Graph (DAG)-based proof-of-work (PoW) platform. Coming into the scene as an alternative to Ethereum (ETH), Kaspa’s protocol arrived just when the blockchain realm was in dire need of a solution. This came after Ethereum’s transition to a proof-of-stake (PoS) framework the
In 2023, the number of active ERC-20 addresses on the Ethereum blockchain has shown little change. The count has been fluctuating between 200,000 and 300,000, even as Ethereum prices struggle to rise above their July 2023 peaks. As of August 2, there were approximately 275,000 active ERC-20 addresses, a modest increase from the 156,000 recorded
The cryptocurrency world is no stranger to wild fluctuations and unpredictable market movements. Shiba Inu, a cryptocurrency that started as a mere meme, has now established itself as a significant player in the market. With the highly anticipated Shibarium launch on the horizon, the crypto’s whales are making noteworthy moves. Large transactions and an increase
The world of cryptocurrency is constantly evolving, and with it comes the need for innovative solutions to address the challenges faced by investors and regulators. In a recent Twitter “Ask Me Anything” (AMA) session, Binance CEO Changpeng “CZ” Zhao discussed his intention to introduce smaller algorithmic Stablecoins to the market. This article explores the significance
Ripple, the digital payment company, has made the decision to remove the details of its XRP transactions from its quarterly reports. This change has been driven by a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against the company. In their latest quarterly report published on July 31, Ripple explained that the SEC’s
In the vast world of cryptocurrencies, Shibie Coin ($SHIBIE) has emerged as a new and captivating meme coin. This token draws its inspiration from a playful combination of two iconic characters: the Shiba Inu dog and Barbie. By merging these two cultural icons, Shibie Coin aims to attract a loyal community of passionate and bold
Bitcoin (BTC), the leading cryptocurrency, has been experiencing a period of price fluctuation and uncertainty. This article aims to analyze the current market trends and provide an outlook for the future of Bitcoin. Over the past few days, the price of Bitcoin has been trading within a narrow range. On August 2nd, Bitcoin experienced a
China’s involvement in Binance’s trading volume has been a topic of discussion lately, with conflicting reports surfacing. Despite claims that China contributes around 20% of Binance’s trading volume, the exchange has stated that its website is blocked in the country and inaccessible to China-based users. Let’s delve into the details and unravel the truth behind