Market

A former Binance executive is suing the company

December 1, 2024 1 min read

Amrita Srivastava, a former senior employee at Binance’s Link platform, has filed a lawsuit in the UK, accusing the crypto giant of bribery and wrongful termination. Srivastava alleges that a colleague accepted bribes disguised as consulting fees to provide preferential treatment to customers and claims she was fired in May 2023 after reporting the misconduct in April. Binance denies these claims, attributing Srivastava’s dismissal to poor performance. The company asserts

BitWise seeks SEC approval for a groundbreaking 10 Crypto Index ETF

November 28, 2024 1 min read

BitWise has filed an application with the U.S. Securities and Exchange Commission (SEC) for a groundbreaking ETF that would track its 10 Crypto Index Fund. This fund includes ten major cryptocurrencies: Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot, and Uniswap. If approved, it would be the most diversified crypto ETF in the U.S. market, reflecting a growing shift toward regulatory acceptance of crypto. Operating since 2018, the

Ren Protocol Faces Backlash Amid v2 Upgrade Announcement and Binance Delisting

November 27, 2024 1 min read

Ren Protocol’s long-awaited announcement on its v2 network upgrade has drawn sharp criticism due to its timing, coinciding with Binance’s decision to delist the REN token. This has led to accusations of opportunism and further eroded trust in the project. Ren Protocol ended a 10-month silence by updating users about progress on its v2 upgrade. However, the timing raised suspicions, as Binance announced it would delist the REN token the

Binance Labs invests in Kernel to improve restaking on the BNB Chain

November 27, 2024 1 min read

Binance Labs has invested in Kernel, a platform focused on improving restaking infrastructure on the BNB Chain. This investment aims to enhance the security and utility of DeFi and other crypto applications on the network. Kernel’s first phase will integrate BNB Liquid Staking Tokens (LSTs) and restaked BNB as economic security, driving DeFi innovation. The platform’s long-term goal is to scale its infrastructure to include additional layer-1 blockchains, optimizing capital

Somnia Partners With Ankr to Power Developer Infrastructure and Drive Innovation

November 27, 2024 1 min read

Somnia, known as “the dream computer for a fully on-chain world,” has announced a strategic partnership with Ankr, a leading blockchain infrastructure provider. This collaboration aims to enhance Somnia’s ecosystem by delivering top-tier tools, cost efficiencies, and innovative opportunities for developers. Key Highlights of the Partnership A Shared Vision for Blockchain Innovation The partnership aligns with both companies’ mission to empower developers and advance blockchain technology. With Somnia’s focus on

Bitcoin at $99K Grabs Headlines, but These 5 Altcoins Are the Next Big Opportunity!

November 25, 2024 6 mins read

Bitcoin’s meteoric rise to nearly $100,000 has captured global attention, signaling a bullish momentum in the crypto market. While the flagship cryptocurrency makes headlines, a new wave of altcoins is emerging, promising significant opportunities for savvy enthusiasts looking beyond the mainstream.  Among these promising newcomers is XYZVerse (XYZ), a groundbreaking memecoin that brings together fans of football, basketball, MMA, and more into a vibrant, community-driven ecosystem. Dominate the Field with

Top Altcoins For Short Term Gains

November 23, 2024 6 mins read

As Bitcoin reaches new heights daily, the crypto market is buzzing with opportunities for rapid returns. With the bull run in full swing, attention is shifting to promising alternative cryptocurrencies that could offer substantial short-term gains. Investors are keen to discover which tokens are poised for explosive growth in this dynamic environment.  One such contender is XYZVerse (XYZ), the pioneering memecoin uniting fans across various sports. Aiming for remarkable growth,

Michael Saylor pitches Microsoft’s board on Bitcoin

November 21, 2024 1 min read

Michael Saylor, MicroStrategy’s Chairman and a staunch Bitcoin advocate, plans to pitch the idea of Bitcoin investment to Microsoft’s board of directors. Saylor has been allotted just three minutes to present his case, arguing that integrating Bitcoin into Microsoft’s portfolio could stabilize its stock and mitigate risks. The initiative stems from the National Center for Public Policy Research (NCPPR), which praised MicroStrategy’s Bitcoin strategy, noting its stock has outperformed Microsoft’s

US lawmakers urge the Treasury to intensify efforts against Tornado Cash

November 19, 2024 1 min read

U.S. lawmakers are urging the Treasury Department to prioritize investigations into Tornado Cash, a decentralized crypto mixer linked to laundering billions in illicit funds. Led by Rep. Sean Casten, a group of Democratic lawmakers highlighted the platform’s continued role in illegal activities despite being sanctioned in 2022 by the Office of Foreign Assets Control (OFAC). Tornado Cash’s co-founder Roman Storm has come under scrutiny for allegedly using laundered funds to

Plaintiffs drop their appeal in the Dogecoin lawsuit against Elon Musk

November 19, 2024 1 min read

The legal battle between Dogecoin investors and Elon Musk, along with his company Tesla, has come to an end as the investors withdrew their appeal. The case, which originally sought $258 billion in damages, accused Musk of manipulating Dogecoin’s price through tweets, public appearances, and statements like calling it the “future currency of Earth.” In August, U.S. District Judge Alvin Hellerstein dismissed the lawsuit, stating that Musk’s comments, including his

Paju city officials in South Korea threaten to seize and sell crypto assets of tax debtors

November 19, 2024 1 min read

Authorities in Paju, South Korea, have issued a stern warning to tax defaulters, threatening to seize and sell their cryptocurrency holdings if debts are not paid by the end of November. Targeting 17 individuals who collectively owe 124 million Korean won (approximately $88,600), the city aims to combat the growing trend of using cryptocurrencies to evade taxes. Officials emphasized that digital assets would not shield individuals from financial obligations, with

Alameda Research sues Waves founder Aleksandr Ivanov, seeking $90 million in a bid to recover assets lost

November 13, 2024 3 mins read

Alameda Research, a trading firm linked to the now-defunct FTX cryptocurrency exchange, has initiated legal action against Aleksandr Ivanov, the founder of the Waves blockchain platform, in a bid to recover around $90 million. This lawsuit is part of Alameda’s larger effort to reclaim assets and repay creditors affected by FTX’s downfall in 2022. The complaint, filed recently, accuses Ivanov and his companies, Numeris Ltd. and DLTech Ltd., of fraudulent