Abdulkarim Abdulwahab
“Banks Are a Risk to Fiat-backed Stablecoins,” Binance CEO Says
Changpeng Zhao, the CEO of Binance, the largest crypto exchange, expressed concerns on Twitter today about the safety of stablecoins baked with fiat currencies following the bankruptcy of two prominent...
FDIC Forms Deposit Insurance for Troubled Crypto Start-up Lender SVB
On Friday, Silicon Valley start-ups lender, SVB Financial Group, was closed by the California Department of Financial Protection and Innovation and transferred to the Federal Deposit Insurance Corporation (FDIC). According...
Binance CEO Mocks Critics as Two US Banks Crumble within a Week
Changpeng Zhao, the CEO of Binance, the largest crypto exchange, took to Twitter to mock US detractors as two significant banks in the United States became insolvent and unable to...
US Judge To Decide if SBF Should Suffer Any Bail Restriction
This Friday, a US judge will decide whether Sam Bankman-Fried, the FTX founder, should be subject to any bail restrictions and whether or not his fraud trial, originally scheduled to...
BTC Will Hit $16,600 as Miners Mount More Pressure, CryptoQuant
Since the beginning of the week, the price of Bitcoin (BTC) has been free falling from $23k. In the last 24 hours, it has gone below the $19k price point....
Huobi Token Drops by 93%, Rise 1,084% Ten Minutes Later
According to a screenshot shared by a Twitter crypto influencer on Thursday, the native token of the Chinese Huobi Global exchange, HT, flash fell by 93% from a daily high...
China Parliament Member to Ask Govt to Illegalize NFT Speculation
In an exclusive interview, Feng Qiya, a Chinese deputy to the National People’s Congress (NPC), said she would propose establishing a digital collection regulatory system in the annual Beijing meeting...
Crypto Lawyer Calls Out US Senator Brown for Anti-Crypto Bias
In a recent tweet, crypto lawyer John Deaton expressed frustration with the US regulatory authorities, who he believes are intentionally promoting a false narrative about the crypto industry. Deaton described...
Data Shows Binance Exchange Dominates 62% of Crypto Spot Market
For four consecutive months, the Binance crypto exchange has maintained an upper hand over its competitors regarding the crypto spot market share. According to a recent report from CryptoCompare, a...
Indian Finance Ministry: Crypto Trading Is Now Subject to AML Laws
The government of India has taken yet another step toward regulating digital assets by imposing money laundering rules on the crypto industry. In a notification on Tuesday, the Indian Finance...
Crypto Whales Move 360 Million XRP Tokens over the Last 24 Hours
Within the last 24 hours, Whale Alert, an AI service that tracks the massive movement of coins across blockchains, captured multiple transfers of the Ripple utility token, XRP, in and...
FTX Statement Shows $1.6B BTC User Debt With Only $1M Available
The monumental scandal surrounding the balance sheet of the bankrupt FTX crypto exchange is far from being over. In a stunning revelation, a crypto analyst on Twitter highlighted that while...
MakerDAO Analyst: You Cannot Change World with $100M DAI Tokens
In a recent interview with Crypto Journalist Laura Shin, Sébastien Derivaux, Founding Chef at crypto financial services firm Stakehouse Financial, examined the financial operations of Maker DAO, a leading decentralized...
Bitcoin Worth Over $3B Could Be Dumped on the Market from Friday
The crypto community is wary of what may happen to the market in the coming weeks as it has been officially confirmed that Mt. Gox creditors would begin receiving repayments...
What Will Ethereum Be Like in 10 Years? Vitalik Buterin Explains
Altcoin Daily, a popular crypto influencer account on Twitter, recently shared snippets of an interview with Vitalik Buterin, one of the founders of the Ethereum blockchain, regarding the outlook of...
Analyst: Corporate World Is Aggressively Adopting Crypto, Time to Buy
Well-known crypto YouTuber Lark Davis believes now is the best time to accumulate cryptocurrencies as corporate crypto adoption is becoming increasingly significant. Davis listed some of the ten biggest companies...
Is SEC Trying to Hurt the Industry by Tagging Binance.US Unregistered?
The crypto community is divided over the aims and objectives of the US Securities and Exchange Commission (SEC) in concluding that the Binance US subsidiary was operating an unregulated securities...
Hoskinson Blasts Analyst over a FUD Comment on Cardano Governance
On Twitter today, Charles Hoskinson, the founder of the Cardano blockchain, called out crypto analyst Vanessa Harris regarding a misstatement she made about the governance process of the Cardano network....
Analyst: SEC Is Playing a Game of ‘Brutal 4D Chess’ against Binance
In a recent tweet, crypto analyst Adam Cochran suggests that the United States Securities and Exchange Commission (SEC) is playing a game of “brutal 4D chess” against Binance, the largest...
Circle Moves Out Its Leftover USDC Reserve from Troubled Silvergate
Circle, the USDC stablecoin issuer regulated in the United States, has moved a small percentage of its USDC reserve deposits held at the troubled Silvergate Bank to its other banking...
Crypto Hedge Fund DACM Resort to Swiss Banks After Silvergate Fallout
With the collapse of a crucial payments network run by troubled US lender Silvergate Capital Corp., Digital Asset Capital Management (DACM), a crypto fund manager overseeing a $400 million crypto...
Crypto Whales Fluctuate Between BUSD and USDC Following SEC Action
Recent events illustrate that the US Securities and Exchange Commission (SEC) has stirred the crypto market by labeling Binance’s native stablecoin BUSD as an unregistered security. According to data from...
UK Bank Restricts Users’ Ability to Buy Crypto, Slashes Daily Limit
UK bank Nationwide Building Society has restricted its customers’ ability to purchase crypto, Reuter reported, quoting an email the bank sent to customers on Thursday. Nationwide stated it would not...
BitKeep Swap Begins Compensating Users from Last Year’s $8M Hack
BitKeep Swap, a Web3 multi-chain wallet which was repeatedly targeted last year by bad actors, has begun compensating its users affected by the recent $8 million exploit. On Twitter today,...
Top 1000 Ethereum Whales Hold $619 Million Worth of Shiba Inu Coin
WhaleStats statistics revealed that a tracker of big crypto investors, the Shiba Inu (SHIB) meme token, remains one of the favorite investment vehicles of crypto whales. As of March 2,...
