Category Archives: Crypto News

Legal Representatives for Bankman-Fried Seek to Block Ukrainian Testimony in FTX Case Sam Bankman-Fried and his legal team recently submitted a request to the judge overseeing his legal battle concerning his time as chief executive of FTX. The request seeks to prevent a Ukrainian user of the exchange from testifying remotely in the case. ThisContinue reading ““Legal Team of Bankman-Fried Express Outrage Over Ukrainian Customer’s Testimony””

A Ray of Hope: Bitcoin Sparks Potentials for $40K Peak, While Warning Bells Ring for a $20K Drop Over the last month, the value of Bitcoin experienced a positive push of 6%, triggered by factors such as limited supply and increasing investor trust, as shown in recent reports from Bitfinex Alpha. Additionally, predictions made onContinue reading “Uptober Kicks off: Bitcoin Rally Fuels Expectations for $40K, but $20K Risk Remains”

Increased Challenge for Bitcoin Miners as Network Difficulty Reaches New High On the 3rd of October, 2023, Bitcoin Network presented a new hurdle for miners as its network difficulty soared for the second time consecutive from September 19th. The complexity of mining block rewards grew due to a slight increase of 0.35% reaching the peakContinue reading “Bitcoin Miners Gear Up for Unprecedented Challenge as Network Difficulty Soars to 57.32 Trillion Peak”

Clearing Bitcoin’s Transaction Backlog: From Over 0.5 Million to Just 27K The past four months have been particularly intriguing, with Bitcoin’s mempool waiting to be cleared of the immense pile of unconfirmed transactions. The conspicuous reduction in Ordinal inscriptions this October, however, has significantly helped clear the backlog, bringing down the number of pending transactionsContinue reading “Bitcoin’s Half Million to 27K Transaction Backlog Predicted to Clear for 1st Time in Four Months”

Further Decline in Meme Coins: DOGE, SHIB Slip by 3% In the most recent developments in the cryptocurrency space, Dogecoin (DOGE) and Shiba Inu (SHIB), both meme-based cryptocurrencies, experienced the downturn. For the second consecutive session, the currencies have seen a drop of 3%. The bearish trend arrives as the total cryptocurrency market frontier alsoContinue reading “Top Decliners: DOGE and SHIB Slump 3%, Dropping for the Second Consecutive Session”

Ethereum’s Liquid Staking Derivatives Market Dominated by Lido, Coinbase, and Rocket Pool According to recent reports, a significant growth has been observed in the application of liquid staking on the Ethereum blockchain since 2020. As is currently the case, an astounding figure of 12.4 million Ether, valued at $20 billion, is held by 23 LiquidContinue reading “Dominance of Lido, Coinbase, and Rocket Pool: Capturing 89% of Ethereum’s Thriving $20 Billion Liquid Staking Arena”

Transition in Cryptocurrency Market Tuesday saw Bitcoin backing down from its latest high, after finding itself in an overbought domain. This suggested that investors might be cashing in their recent earnings before the incoming crucial data release within the week unfolds. Meanwhile, Ethereum has stumbled below the $1,700 mark. Bitcoin’s Dive The world’s leading cryptocurrency,Continue reading “Bitcoin and Ethereum Face Sudden Drop: Insightful Technical Analysis As Profit Makers Dive In”

A Shaky Worldcoin Operation in Kenya Recent discoveries about the operation of Worldcoin, a crypto project, in Kenya has raised eyebrows within the Kenyan government, putting a government official under questioning. Kenyan law requires crypto projects to acquire licensed approval from the Communications Authority of Kenya, which allegedly was not achieved by Worldcoin’s infamous eye-scanningContinue reading “Kenya’s Worldcoin Controversy: Cabinet Secretary Under Fire for Mixed Messages on Project License Status”

Is the Time Ripe to Replace SWIFT System, Questions Russian VTB Bank Leader Andrei Kostin In a provocative declaration, Andrei Kostin, the man at the helm of VTB Bank, Russia’s second-largest banking conglomerate, has put forth a view that could jolt the financial world – SWIFT (Society for Worldwide Interbank Financial Telecommunication) “needs to die.”Continue reading “Russian Banker Asserts That SWIFT Must Be Eliminated”