Crypto Industry Lost Over $650B After Two Major Scandals in 2022: BIS
The BIS found that retail investors bought the dip amid the bloodbath while the broader financial system remained generally unharmed.A recent report by the Bank of International Settlements (BIS) revealed…
Jack Dorsey’s Cash App Bitcoin Revenue Down 25% Over Previous Year
The company’s Cash App division earned $35 million in Bitcoin, down 25%.In 2022, Block’s annual gross profit was $1.66 billion, up 40% from the previous year.The revenue for Jack Dorsey’s…
Polygon Co-founder Outlines His Forecasts on Crypto Landscape
According to Sandeep Nailwal Ethereum would surpass all other layer 1 competitors. A network outage has happened to Polygon.Sandeep Nailwal, the co-founder of Polygon, discussed his forecast for the cryptocurrency…
Will Shibarium Boost the Price of the Shiba Inu (SHIB)?
The Shiba Inu community is waiting for the release of Shibarium. SHIB currently trades for $0.00001253 as per CMC.Shiba Inu (SHIB), an ERC-20 token, keeps staying among the top cryptocurrencies…
Australian Regulators To Review Binance’s Local Derivatives Operations
Binance, will be subject to a review of its local crypto derivatives operations as per ASIC. The ASIC prohibits the general public from participating in derivatives trading.In addition to challenges…
Binance’s Coming Into South Korea Under Scrutiny by Regulators
Binance had acquired a controlling stake in the local exchange GOPAX. Regulators are weighing whether to maintain or sever connections between the two parties.The arrival of Binance, a major cryptocurrency…
Billions of BUSD Stablecoin Being Burned Amid Regulatory Crackdown
Earlier Paxos burned more than $700 million of BUSD tokens. Binance intends to move an astounding 2 billion BUSD stablecoin to a dead wallet.As per the crypto whale alert, 97,858,390…
Spotify to Test Token-Enabled Music Playlists For NFT Users
The selected playlists will undergo frequent updates and be available exclusively via a special link. The pilot’s primary developer tweeted a snapshot from the NFT liquidity protocol NFTX.With the new…
Coinbase Launch Layer-2 Ethereum-based Network
A testnet for Base has been operational since the beginning of the month.Coinbase is the first publicly listed business to establish a layer-2 blockchain network.Earlier today, Coinbase announced the release…
Binance’s $1Billion Voyager Deal Receives Opposition From SEC
U.S SEC objected to Binance’s Voyager Digital acquisition. SEC involvement in cryptocurrency activities is growing. The New York and Federal financial regulators have rejected the largest crypto exchange Binance’s $1.2…