News

THORChain, a decentralized cryptocurrency trading protocol renowned for its innovative cross-chain swap capabilities, has solidified its position as the third-largest decentralized exchange (DEX) based on trading volume over the last seven days. Recent data sourced from DefiLlama underscores THORChain’s impressive trading volume, standing at $1.32 billion during this period. While Uniswap and PancakeSwap lead the

Bitcoin Argentina, a non-governmental organization, has made a surprising pivot in its stance on cryptocurrency regulation, presenting a draft bill aimed at regulating the crypto market in Argentina while still preserving decentralization and maintaining public trust. The announcement was made by Ricardo Mihura, the president of Bitcoin Argentina, during the LABITCONF 2023 conference in Buenos

FTX, the cryptocurrency exchange founded by Sam Bankman-Fried, has found itself entangled in a legal battle as its bankruptcy advisers launch a $1 billion lawsuit against Bybit Fintech and its associated entities. This legal action seeks to recover approximately $953 million in cash and digital assets that were withdrawn from FTX just prior to its

In anticipation of the upcoming Bitcoin halving event, Michael Saylor, co-founder of MicroStrategy and a prominent advocate for Bitcoin, delivered a bullish projection at the 2023 Australia Crypto Convention on November 10. Saylor envisions a remarkable surge in demand for BTC, suggesting that it could potentially grow tenfold within the next year, reaching unprecedented levels

In the ongoing legal tug-of-war between Ripple and the U.S. Securities and Exchange Commission (SEC), attorney John Deaton, an advocate for XRP holders, meticulously outlines a compelling case against the anticipated $770 million disgorgement for Ripple. His argument hinges on nuanced factors that he deems crucial in shaping the court’s ultimate decision. The Morrison case,

As anticipation builds around the potential approval of a U.S. Bitcoin spot price ETF, the crypto market experiences an intriguing shift, with CME Group’s Bitcoin futures open interest (OI) surpassing that of Binance, marking a notable “flippening” in institutional engagement. Dan Tapiero, the founder and CEO of 10T Holdings, views this development as a pivotal

Lightspeed Faction, a venture capital firm focusing on blockchain technologies, has unveiled plans to launch a new fund worth $285 million dedicated to supporting early-stage startups within the cryptocurrency industry. The VC, composed of team members from notable entities like Amber Group, Blockchain.com, and Coinbase, aims to offer “crypto-native” guidance and support to the startups

Bitcoin, the flagship cryptocurrency, is experiencing a significant uptrend, approaching the $37,000 mark with an impressive nearly 4% surge within the last 24 hours. This surge is fueled by heightened speculation surrounding the potential conversion of spot Bitcoin ETFs, a development anticipated to attract substantial institutional investment into the crypto market. Bloomberg ETF research analysts

Marathon Digital Holdings, a prominent player in the Bitcoin mining industry, has unveiled an outstanding financial performance for the third quarter of 2023. The company reported an impressive 670% year-on-year surge in profits, primarily fueled by a nearly five-fold increase in Bitcoin production. Marathon had $64.1 million net income in the third quarter of 2023,

Bitcoin’s market saw a dramatic and rapid price surge as it approached the November 7 daily close, catching the attention of both investors and analysts. This surge was attributed to what is commonly known as a “short squeeze,” a phenomenon in the cryptocurrency market that occurs when traders holding short positions, essentially betting on a