Author: Sophia Hernandez

Article written by Sophia Hernandez

XRP Temporarily Soars to $50 on Gemini Amid Speculation of Relisting Anomaly

August 11, 2023 2 mins read

Crypto enthusiasts and traders were taken on a rollercoaster ride of price fluctuations as Ripple’s XRP token made a triumphant return to the Gemini crypto exchange. Within hours of its relisting, users reported witnessing unusual price behavior, sparking both intrigue and speculation within the crypto community. Shortly after Gemini’s announcement of relisting XRP for deposits and trading, astute users flocked to the platform to catch a glimpse of the token’s

Indian Authorities Arrest Masterminds of $120M Crypto Scheme

August 9, 2023 2 mins read

The Ponzi scheme centered around a cryptocurrency project named STA Crypto Token, exploited the allure of solar technologies and blockchain innovation. As reported by The Indian Express on Aug. 8, the fraudulent scheme revolved around the STA Crypto Token, which purported to merge the potential of solar technologies with the blockchain revolution. However, investigations reveal that the project was a smokescreen for a Ponzi scam that targeted unsuspecting investors. The

Binance’s August 2023 Reserve Report: A Deep Dive into Crypto Holdings

August 7, 2023 2 mins read

Binance, the world’s leading cryptocurrency exchange renowned for its high trading volume, has taken a proactive step towards transparency by releasing its August 2023 reserve report. This report sheds light on the exchange’s substantial holdings of digital assets and its robust reserves-to-customer-balance ratio. Unveiling Binance’s Reserves and Ratio The August 2023 reserve report from Binance underscores the exchange’s commitment to accountability and customer trust. The central focus of this disclosure

FBI Issues Warning About Phishing Scams and Social Media Account Hijacking

August 6, 2023 2 mins read

The United States Federal Bureau of Investigation (FBI) has issued a cautionary alert regarding the escalating threat of criminal actors infiltrating social media accounts and impersonating legitimate figures within the nonfungible token (NFT) and cryptocurrency realm. The FBI’s warning also spotlights the proliferation of spoof websites that deceive victims into believing they are engaging with authentic platforms, ultimately leading to the pilfering of their NFTs or cryptocurrency assets. As the

Lido Finance Emerges as Staking Powerhouse with Over 28% Market Share

August 4, 2023 2 mins read

Lido Finance continues to dominate the cryptocurrency staking landscape, securing an impressive 28% of the total market share, as reported by market intelligence platform IntoTheBlock. The Ethereum Staking Market Share indicator reveals the distribution of staking services within the industry, with Lido Finance leading the pack. Let’s delve deeper into the insights provided by this indicator and explore the latest developments in the staking market. IntoTheBlock’s Ethereum Staking Market Share

Germany Launches Investigation into Worldcoin (WLD)

August 1, 2023 1 min read

OpenAI CEO Sam Altman has been conducting an investigation into the Worldcoin (WLD) project since late last year. The project has garnered attention for its large-scale processing of sensitive biometric data, raising concerns over privacy and data protection. Launched recently, Worldcoin requires users to undergo iris scans in exchange for a digital ID and free cryptocurrency, as part of its ambitious plan to establish an “identity and finance network.” According

12% of Top Ethereum Whales Now Hold Shiba Inu Token

July 28, 2023 2 mins read

Shiba Inu, the meme-inspired cryptocurrency, has consistently remained a favorite among the largest Ethereum whales, and recent data shows that this sentiment remains unchanged. In the portfolios of the top 100 Ethereum whales, Shiba Inu continues to hold a prominent position, demonstrating its appeal as an investment choice in the crypto world. While stablecoins dominate these investors’ holdings, Shiba Inu stands out as the leading non-stablecoin token, solidifying its position

Ripple Labs Applies for Crypto Asset Registration in the UK

July 23, 2023 2 mins read

Ripple, the payment protocol, has taken a significant step in its global expansion plans by applying for registration as a crypto asset firm with the United Kingdom’s Financial Conduct Authority (FCA). Additionally, the company is seeking a payments license in Ireland, further solidifying its massive investment in the region. This move comes on the heels of a recent partial win against the United States Securities and Exchange Commission (SEC) over

What Does the SEC’s Statement on XRP and Terra Mean?

July 22, 2023 2 mins read

In a significant development in the world of cryptocurrencies, the U.S. Securities and Exchange Commission (SEC) recently announced its intention to appeal a federal judge’s ruling in a landmark cryptocurrency case. The ruling favored Ripple Labs, stating that almost half of its XRP sales did not violate investor protection laws. This decision gave hope to other defendants facing SEC lawsuits over cryptocurrency sales. However, the SEC now seeks to challenge

Binance Successfully Integrates Bitcoin Lightning Network, Enhancing Transaction Speed and Scalability

July 17, 2023 2 mins read

Cryptocurrency exchange Binance has successfully integrated the Bitcoin Lightning Network on its platform, offering its users the option to use the layer-2 scaling solution for BTC withdrawals and deposits. This move comes as Binance seeks to enhance transaction speed and reduce costs amid a surge in Bitcoin network gas fees. The Lightning Network allows users to create off-chain transaction channels, making Bitcoin transactions faster and more cost-effective. In a recent

Coinbase to Stop Staking Services in Four US States

July 15, 2023 1 min read

Coinbase, a leading global cryptocurrency exchange, has announced its decision to discontinue accepting new staking assets from customers in four US states. The move comes as Coinbase faces ongoing regulatory disputes, primarily with the U.S. Securities and Exchange Commission (SEC) and certain state regulators. The SEC and state regulators have raised objections to Coinbase’s staking program, alleging that it involves the sale of unregistered securities. In June, the SEC filed

XRP Jumps 30% Following Court Decision, Ripple Case Heads to Trial

July 13, 2023 1 min read

Ripple Lab’s native token, XRP, experienced a substantial surge of up to 30% on Thursday following a pivotal ruling in an ongoing lawsuit. The decision, as reported, resulted in a mixed outcome, with motions from both the Securities and Exchange Commission (SEC) and Ripple being granted and denied in part. Consequently, the case will now proceed to trial, with the issues that were denied summary judgment to be further addressed