Several popular nonfungible token (NFT) collections have seen their floor prices tumble this year. Moreover, the NFT boom of previous years has failed to gain any traction in 2023. NFT markets are in…
A nonfungible token (NFT) influencer has been served with a settlement demand via an NFT — which casually dropped the “F-bomb” several times — alleging that the influencer engaged in wire fraud “at…
The international regulatory environment for cryptocurrency is improving, and the company is eyeing a retail expansion on the continent, Bakkt chief product officer Dan O’Prey said. On the whole, O’Prey saw positive long-term…
The Shiba Inu (SHIB) price has finally reached the support line of a long-term pattern. Whether it bounces there or breaks down can determine the future trend. If the price breaks down, the…
The legislation that could oblige exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” made it one step closer to reality in the state of Texas. The bill…
A large number of Bitcoin futures options contracts are due for expiry today, but will they have a significant impact on the markets? Derivatives traders have switched back to Bitcoin options following a…
Last week’s bail deal of Terra Labs co-founder Do Kwon with the Montenegrin court is now in question after the State Prosecutor’s Office filed an appellation against it. Kwon is still wanted for…
In the realm of finance, Decentralized Finance (DeFi) holds the promise of revolutionizing traditional systems. However, its journey toward mainstream adoption has encountered significant hurdles. This article explores the challenges hindering growth, specifically…
On May 15, the Supreme People’s Procuratorate of the People’s Republic of China, the national agency responsible for legal prosecution, shared its thoughts on the non-fungible token (NFT) market. In an article published,…
Fintech firm Ripple has won another battle in its drawn-out war with the U.S. Securities and Exchange Commission. The result has been a good one for XRP holders. On May 16, the judge…
Investigations into the collapse of Signature Bank point toward illiquidity circumstances and poor management. However, the Federal Deposit Insurance Corporation (FDIC) chairman, Martin Gruenberg, believes the bank’s failure to understand the risks associated…
The U.S. Securities and Exchange Commission (SEC) has refused to entertain Coinbase’s request for more clarity on crypto regulations. On May 15, the SEC filed a brief in response to the Coinbase petition…
The United States Department of Justice’s (DOJ) crypto tsar is cracking down on Decentralized Finance (DeFi) hackers and exploiters amid a four-year rise in illicit crypto activity. In a Financial Times report published on…
Memecoin fever appears to be waning as prices of the popular ones such as PEPE are in retreat. This is good news for Bitcoin users but may not be for investors as crypto…
The United States government faces a “significant risk” of no longer being able to meet all of its financial obligations as early as June, as per a recent report. According to a May…
Bakkt, a crypto trading and services company owned by the financial exchange operator Intercontinental Exchange is delisting several major cryptocurrencies. In total, the firm is cutting support for 23 digital assets. These include…