Coins

Ripple Objects To SECs Request To Buy More Time Following Recent Court Ruling

January 24th, 2022

The tussle to get regulatory clarity for the crypto industry continues as Ripple and the SEC slug it out in court. Ripple has filed an objection to the SEC’s recent motion to be given more time to contest the recent ruling made by the presiding judge in the case, Judge Sarah Netburn. Ripple argues that…

Investor With 50 Years Experience Says US Stocks Are Set To Plunge Uncontrollably

January 22nd, 2022

Per Bloomberg reports, renowned investor Jeremy Grantham, who is also well known for his market bubbles calls, has now made a bold claim about the US stocks. US Stocks Set To Collapse — Jeremy Grantham About a year ago, Grantham had predicted a historic kind of collapse in the US stocks market and now he…

Shiba Inu Sagging Values To Get A Boost With New Token Burn Mechanism?

January 21st, 2022

Shiba Inu developers are in the process of developing new methods to burn SHIB. According to Steven Cooper, these mechanisms will be introduced to the ecosystem later. Over the past weekend, more than 110 million SHIB tokens have been burned. Burning tokens are a common ploy applied if there is an excess of tokens in…

New York City Mayor Eric Adams to Buy Bitcoin and Ethereum Dips Today

January 21st, 2022

There’s a major bloodbath on Satoshi Street once again as Bitcoin and Ethereum corrected over 8% each. However, New York City Mayor Eric Adams Is All Set to Buy the Bitcoin Dip later today. As announced earlier, Adams shall be converting his paycheck from U.S. Dollars to Bitcoin and Ethereum. The fund conversion will happen…

JPMorgan: High Gas Fee A Big Problem for Ethereum Valuations, Can Lose Market Share

January 20th, 2022

In the latest report, banking giant JPMorgan has said that Ethereum’s high gas fee and network congestion are putting a big risk for the smart contracts platform. JPMorgan said that this could be a “problem for Ethereum’s valuation”. It specifically added that Ethereum could be losing its NFT market share to rival Solana which has…

Crypto Miner Convicted in Russia for Allegedly Stealing Power to Mint Digital Coins

January 19th, 2022

A regional court has sentenced a man accused of illegally connecting his crypto farm to the grid to two years in prison. The decision comes as authorities in Moscow prepare to address the lack of proper regulations for cryptocurrency mining, which has become a popular source of income in Russia. Illegal Crypto Farm Burns 1.3…

BNY Mellon Sees Meaningful Revenue In Crypto by 2023 Post Clear Regulations

January 19th, 2022

Bank of New York Mellon is optimistic about a meaningful revenue ticking from its crypto services. On Tuesday, January 18, the bank’s chief financial officer Emily Portney said that the bank is collaborating with Fireblocks, a unicorn FinTech that allows financial institutions to store crypto assets. Portney said that the U.S. regulators should provide more…

ETH 2.0 Contract Surpasses 9 Million Ethereum Worth $28 Billion

January 18th, 2022

The number of ether locked in the Ethereum 2.0 contract has exceeded 9 million Ethereum or more than $28 billion using today’s exchange rates. The amount of Ethereum locked into the contract has increased 22.29% since the first week of September 2021, when the contract held 7.4 million ether. Ethereum 2.0 Contract Exceeds 9 Million…

MultiChain users at risk of Getting Hacked, as Six Cross-Chain Tokens Experiences Vulnerability

January 17th, 2022

Multichain (previously Anyswap), a Cross-chain Router Protocol (CRP) that allows for on-chain asset interoperability, has warned its users that they might be at risk of getting hacked. To forestall this risk, users have been advised to revoke wallet permission for 6 tokens listed on the platform. Multichain directs users on how to mitigate the risk…

Konami’s Castlevania Anniversary NFT Sale Raises Over $160K

January 17th, 2022

Konami, a Japanese game developer and software publisher, raised more than $160K in its first foray into the non-fungible token (NFT) scene. This was the result of an NFT auction related to the 35th anniversary of Castlevania, one of its most popular franchises. The end result contrasts with what other companies have experienced so far,…