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Curious stories and rumors, stock markets, AI, economy. All alternative developments in one place.

How Panic Buying in Chinese Stocks Affects the Top-Traded Crypto Token

A recent report highlighted that some Chinese investors are giving up on cryptocurrencies, and turning back to the country’s growing stock market, spurred by central bank measures to boost the economy.

07.10.2024 18:30 1 min. read Alexander Stefanov

Key U.S. Economic Events This Week That Could Impact the Crypto Market

The cryptocurrency landscape, particularly Bitcoin, tends to respond to significant economic indicators from the U.S. as traders adapt their strategies to align with macroeconomic trends.

07.10.2024 15:30 1 min. read Alexander Zdravkov

G7 Regulators Plan Strong Action to Ensure Fair Competition in AI Market

The G7 antitrust regulators have announced plans for strong enforcement measures to ensure competitive practices in the artificial intelligence sector, aiming to tackle potential risks before they become entrenched.

07.10.2024 22:00 1 min. read Alexander Stefanov

Binance Rejects Request to Freeze 86% of Palestinian Wallets Targeted by Israel

Binance, the world’s largest cryptocurrency exchange, has rejected 86% of Israeli military requests to freeze crypto wallets linked to Palestinians and others due to a lack of sufficient evidence.

07.10.2024 14:00 1 min. read Kosta Gushterov

Tether Marks 10th Anniversary with Documentary Showcasing USDT’s Role in Fighting Inflation

Tether has announced the upcoming release of a documentary highlighting the role of its stablecoin, USDT, in combating inflation, coinciding with the company’s 10th anniversary.

07.10.2024 13:00 2 min. read Alexander Stefanov

Predicted Surge in Global Liquidity Could Drive Market Growth Amid Economic Concerns

A prominent finance expert anticipates a surge in global liquidity that could drive market growth. He predicts that major central banks, particularly the Federal Reserve, are preparing to inject significant liquidity into the financial system, spurred by concerns about the economy.

07.10.2024 12:00 1 min. read Alexander Stefanov

NFT Conversion Feature Coming to Telegram’s New Gifts Initiative

Telegram’s CEO recently hinted at a new feature allowing non-fungible token (NFT) conversions, coinciding with the launch of the platform’s new Gifts feature.

07.10.2024 11:00 2 min. read Alexander Stefanov

Will HBO’s New Series Really Reveal Bitcoin’s Creator?

The cryptocurrency world has been buzzing recently following the announcement of a new series by HBO titled “Money Electric: The Bitcoin Story.”

07.10.2024 10:00 1 min. read Kosta Gushterov

Bitcoin Staking Platform Surpasses Solana and Uniswap in Revenue

A prominent Bitcoin staking platform has surged in protocol fees yesterday, securing its place among the top decentralized finance platforms.

07.10.2024 8:30 1 min. read Kosta Gushterov

2025 Gold Price Predictions from JPMorgan and Bank of America

Seven major financial institutions, including JPMorgan Chase and Bank of America, expect gold to reach new highs by 2025.

06.10.2024 17:00 1 min. read Alexander Stefanov

Coinbase Urges Court to Reconsider Appeal Amid Ripple Case Developments

Recent updates reveal that Coinbase is urging Judge Katherine Polk Failla to rethink its request for an interim appeal.

06.10.2024 15:00 2 min. read Alexander Stefanov

Margin Calls Plague Quant Hedge Funds as Chinese Stock Market Booms

Quant hedge funds are facing significant challenges due to margin calls triggered by a substantial surge in Chinese stocks, particularly impacting those with short positions.

06.10.2024 12:00 1 min. read Kosta Gushterov

Vitalik Buterin Converts Meme Coins to ETH, Donates to Tornado Cash Defense Fund

Vitalik Buterin, co-founder of Ethereum, made headlines today with a significant crypto transaction involving the sale of various meme coins and USDT, converting them into ETH.

06.10.2024 11:00 1 min. read Kosta Gushterov

FTX Eurozone Creditors Set for Repayments – But Will They Match Market Values?

FTX creditors in the Eurozone will receive repayments in euros based on 2022 closure prices, plus processing fees of up to 30%.

05.10.2024 13:00 1 min. read Kosta Gushterov

Solana CEO Criticizes Biden Administration’s Impact on Job Creation in Tech Sector

Anatoly Yakovenko, CEO and co-founder of Solana, has been openly critical of the Biden administration, particularly regarding its failure to foster job creation.

05.10.2024 9:00 2 min. read Alexander Zdravkov

Binance Warns of Overvaluation and Centralization Threats in Crypto Market

A recent Binance report highlights critical risks in the cryptocurrency market, pointing to inflated valuations and the concentration of token ownership as major concerns.

04.10.2024 20:30 1 min. read Alexander Stefanov

Nvidia Faces Investor Lawsuit Over Crypto Misleading Claims

A class action lawsuit against Nvidia, alleging that the company deceived investors regarding the impact of crypto mining on its revenues in 2017-2018, is seeking to move forward in the U.S. Supreme Court.

04.10.2024 21:30 1 min. read Alexander Zdravkov

Russia Freezes Assets of Major U.S. Banks

On Wednesday, the Moscow Arbitration Court took the significant step of freezing funds held by major U.S. banks in their Russian branches, totaling around $372 million.

04.10.2024 19:00 1 min. read Alexander Stefanov

Mark Cuban Slams Gensler’s Crypto Regulation Approach

Mark Cuban, the billionaire entrepreneur, expressed concerns about SEC Chairman Gary Gensler’s regulatory approach, claiming it could have prevented the collapses of FTX and Three Arrows Capital (3AC).

04.10.2024 22:00 1 min. read Kosta Gushterov

IMF Issues Warning on El Salvador’s Bitcoin Strategy

The International Monetary Fund (IMF) has once again turned its attention to El Salvador, urging the nation to enhance its regulatory framework regarding Bitcoin.

04.10.2024 17:00 2 min. read Alexander Zdravkov

Lamborghini and Animoca Team Up to Launch Web3 Racing Experience

Lamborghini and Animoca Brands’ Motorverse division are joining forces to bring Lamborghini’s iconic vehicles to the digital world with a new Web3 racing game.

04.10.2024 15:30 1 min. read Alexander Stefanov

Robinhood Enhances Crypto Transfers, Awaits MiCA License Approval

Robinhood is pushing forward with its expansion into the European market by enabling crypto transfers in and out of its app, marking a significant development in its service offerings.

04.10.2024 15:00 1 min. read Kosta Gushterov

HBO Documentary Set to Unmask Bitcoin’s Mysterious Creator Next Week

An upcoming HBO documentary, directed by Cullen Hoback, is set to explore one of the biggest mysteries in the digital world: the identity of Bitcoin’s creator, Satoshi Nakamoto.

04.10.2024 9:30 2 min. read Alexander Stefanov

Regulatory Pressure Hits Binance as Trading Volumes Plunge

In September 2024, Binance experienced a significant drop in trading volumes, marking its lowest point since late 2023.

04.10.2024 14:30 2 min. read Alexander Zdravkov

Aptos Expands Into Japan with New Acquisition

Aptos (APT) is set to make its mark in Japan by acquiring HashPalette, a key player in the country’s blockchain sector.

04.10.2024 13:00 1 min. read Alexander Stefanov

SWIFT Set to Launch Digital Asset Trials in 2025

Financial institutions in North America, Europe, and Asia are preparing to take part in upcoming digital asset trials orchestrated by SWIFT.

04.10.2024 12:00 1 min. read Alexander Zdravkov

CFTC Subcommittee Backs Digital Shares as Collateral

A subcommittee of the Commodity Futures Trading Commission (CFTC) has approved guidelines for using tokenized shares of money-market funds as collateral in traditional finance.

03.10.2024 21:00 1 min. read Alexander Zdravkov

Ripple Responds to SEC’s Appeal, Slams Ongoing Legal Battle as Wasteful

The SEC is appealing a recent federal court ruling in its ongoing case against Ripple Labs and XRP, filing the notice with the Second Circuit Court of Appeals on October 2.

03.10.2024 14:00 2 min. read Kosta Gushterov

OpenAI Secures $6.6 Billion Funding to Enhance AI Research and Infrastructure

OpenAI has successfully completed a funding round, raising $6.6 billion, which values the company at $157 billion, as announced in a blog post on October 2.

03.10.2024 20:30 1 min. read Alexander Stefanov

Biden Administration Secures Historic Crude Oil Deal

President Joe Biden’s administration has secured an additional 6 million barrels of crude oil to replenish the Strategic Petroleum Reserve (SPR).

03.10.2024 20:00 1 min. read Alexander Zdravkov

Bank of America Faces Network Outage, Leaving Thousands of Customers in Limbo

A major network issue at Bank of America left thousands of customers unable to access their accounts or seeing their balances reduced to zero.

03.10.2024 16:30 2 min. read Alexander Zdravkov

What Happened to Changpeng Zhao’s Wealth During His Prison Stay?

Changpeng Zhao, the founder and former CEO of Binance, has likely continued to increase his wealth during his recent four-month stay at the Lompoc II detention center in California.

03.10.2024 12:30 1 min. read Alexander Stefanov

SEC Moves to Appeal Ripple Case Ruling, XRP Price Declines

The U.S. Securities and Exchange Commission (SEC) has opted to file an appeal regarding the Ripple case.

03.10.2024 0:38 1 min. read Kosta Gushterov

Tron Outpaces Bitcoin and Ethereum in Q3 Revenue Growth

Tron recorded an impressive $566 million in revenue for the third quarter, surpassing major players like Ethereum, Solana, and Bitcoin.

03.10.2024 9:30 1 min. read Alexander Stefanov

Russia to Monitor Cross-Border Crypto Transactions to Curb Illegal Transfers

The Bank of Russia plans to monitor all cross-border cryptocurrency transactions over the next six months, involving 19 major banks such as Citibank, MTS Bank and Raiffeisenbank.

02.10.2024 20:30 2 min. read

Binance Expands Services in Argentina Following Regulatory Approval

Binance has gained regulatory approval from Argentina’s National Securities Commission, bringing its total to 20 approvals worldwide.

02.10.2024 19:30 1 min. read Alexander Stefanov

Majority of 2022 Crypto Startups Thrive Despite Market Challenges

A recent Lattice Fund report reveals that over 80% of crypto startups that raised funds in 2022 remain active despite market downturns.

02.10.2024 18:30 1 min. read Alexander Zdravkov

Tether’s USDT Gains Global Significance Beyond Crypto Markets, Says CEO

According to Tether CEO Paolo Ardoino, USDT, the largest stablecoin by market capitalization, has a significant influence beyond the cryptocurrency sector, particularly in nations dealing with inflation and underdeveloped financial systems.

02.10.2024 18:00 1 min. read Kosta Gushterov

FTX Plans $6 Billion Distribution to Affected Users After Strong Creditor Support

Following an extensive review of the reorganization strategy, the troubled cryptocurrency exchange FTX has announced plans to allocate $6 billion to affected users, specifically targeting those impacted by its 2022 collapse.

02.10.2024 15:00 2 min. read Alexander Stefanov

Crypto Expert Warns of Market Vulnerability After Iran’s Attack on Israel

On Tuesday, cryptocurrency values experienced a downturn, with Ethereum dipping below the $2,500 mark amid rising geopolitical tensions triggered by Iran’s missile strikes on Israel.

02.10.2024 13:00 2 min. read Alexander Zdravkov

Bitcoin Crashes to Almost $60,000 After Iran Bombs Israel

On Tuesday, Iran launched a missile attack on Israel in response to the recent killing of Hezbollah leader Hassan Nasrallah. The attack came after the U.S. warned that tensions in the region were likely to escalate.

02.10.2024 0:10 2 min. read Alexander Stefanov

Ripple Secures Key Dubai License, Strengthening Middle East Expansion

U.S. blockchain payments company Ripple Labs Inc. has demonstrated significant progress in its global expansion after securing an important operating license in Dubai.

02.10.2024 9:00 1 min. read Kosta Gushterov

Here is How a Weaker Dollar Could Propel Bitcoin’s Growth

According to a report by 10x Research, recent changes in global macroeconomic conditions suggest that the decline in global growth may be coming to an end.

02.10.2024 8:00 2 min. read Kosta Gushterov

Gemini to Close All Canadian Accounts by 2024 Amid Regulatory Changes

Popular crypto exchange Gemini is set to shut down all Canadian accounts by the end of 2024, providing customers a 90-day window to withdraw their assets.

01.10.2024 20:15 1 min. read Alexander Zdravkov

Are Crypto Founders Resorting to Geofencing Due to U.S. Regulations?

Amid escalating regulatory challenges in the U.S., many cryptocurrency founders are considering geofencing as a last-resort strategy for compliance.

01.10.2024 18:15 2 min. read Alexander Zdravkov

Edward Snowden Calls for Digital Privacy Revolution Through Cryptocurrency

At the Token2049 conference, Edward Snowden addressed the evolving challenges of digital privacy, government oversight, and the transformative potential of cryptocurrencies.

01.10.2024 21:30 1 min. read Alexander Zdravkov

Gold-Backed Token Surpasses $500 Million in Total Value

The gold-backed token has achieved a remarkable milestone, exceeding $500 million in total locked-in value (TVL) just months after its launch on July 9.

01.10.2024 20:00 1 min. read Alexander Stefanov

Robinhood Introduces Cryptocurrency Transfers for European Users

Robinhood has introduced a long-awaited feature allowing its European users to transfer cryptocurrencies, enhancing user control over their digital assets.

01.10.2024 19:30 2 min. read Kosta Gushterov

SoftBank Stock Soars on Potential $500 Million Investment in OpenAI

Shares of SoftBank Group Corp. surged on Tuesday following reports that the Japanese firm might participate in a significant funding round for OpenAI.

01.10.2024 18:00 1 min. read Alexander Stefanov

Matrixport Strengthens European Presence with New Acquisition

Matrixport, a cryptocurrency financial services provider, is bolstering its European operations by acquiring the Swiss asset manager Crypto Finance.

01.10.2024 22:00 1 min. read Alexander Stefanov

September Sees Continued Decline in NFT Sales Amid SEC Scrutiny

NFT sales continued to decline in September, with monthly sales volumes failing to rebound.

01.10.2024 14:00 2 min. read Kosta Gushterov

Are We Going to See Ripple’s Stablecoin This Year?

The XRP community is buzzing with speculation about the upcoming release of Ripple’s stablecoin, RLUSD.

01.10.2024 15:00 2 min. read Alexander Stefanov

Michael Saylor Fires Up the Crypto Community With His Latest Tweet

MicroStrategy’s Michael Saylor stirred excitement in the cryptocurrency community with a recent post titled “Hodl On.”

01.10.2024 14:30 2 min. read Kosta Gushterov

Another Crypto Exchange Wants to Get Listed on NASDAQ

South Korea’s second-largest cryptocurrency exchange, revealed plans for a potential public listing in the U.S. during a shareholder meeting on Sept. 30.

01.10.2024 12:00 1 min. read Alexander Zdravkov

Cardano Faces Challenges as Key Developer Leaves

A notable departure from the Cardano project has occurred as Vladimir Kalnitsky, a key developer behind the cardano-transaction-lib (CTL), has announced he is stepping away.

30.09.2024 20:30 1 min. read Alexander Stefanov

Ethena Proposes New DEX to Enhance USDe Growth

Ethena Labs, the developer of the USDe synthetic dollar, announced a proposal to launch a decentralized exchange (DEX) called “Ethereal” to support USDe growth.

30.09.2024 18:30 2 min. read Kosta Gushterov

SEC Faces Crucial Decision on Ripple Appeal as Deadline Approaches

The U.S. Securities and Exchange Commission (SEC) has only a few days left to decide whether it will challenge the recent ruling in the Ripple case.

01.10.2024 8:30 1 min. read Kosta Gushterov

Zuckerberg’s Wealth Soars to $201B as Meta Shifts Focus to AI and Metaverse

Mark Zuckerberg, the tech visionary behind Meta, now ranks as the fourth-richest individual globally with a fortune of $201 billion, thanks to the company’s pivot to metaverse technology and artificial intelligence.

30.09.2024 22:00 2 min. read Alexander Stefanov

Global Stock Market Capitalization Poised to Hit Three-Year High

Global stock market capitalization is on track to reach its highest level in three years, driven by recent interest rate cuts from the Federal Reserve and economic stimulus measures from China.

30.09.2024 21:00 1 min. read Kosta Gushterov

Concerns Rise Over AI Disinformation as U.S. Presidential Election Approaches

With the upcoming presidential election in November, worries regarding AI-generated disinformation are on the rise in the U.S.

30.09.2024 16:30 2 min. read Alexander Zdravkov