New year, news ATH for Bitcoin. With the halving around the corner, where will BTC go now?

Here’s a complete lowdown on what happened over a 15-minute stretch on crypto-Twitter today.

Troubled cryptocurrency lending platform Vauld has been given a brief reprieve from creditors after the Singapore High Court granted it a three-month moratorium on Monday. According to a Bloomberg article, Justice Aedit Abdullah reportedly rejected Vauld’s parent business Defi Payment Limited’s original request for a six-month embargo. This, because of fears that a longer moratoriumContinue reading “Court grants Coinbase-backed Vauld 3-month protection from creditors”

On Monday, the Nomad cross-chain token bridge was attacked, and the attackers practically drained the protocol of all its cash. Nearly $200 million worth of cryptocurrencies were lost as a result of the hack. Like other cross-chain bridges, Nomad enables users to transfer tokens back and forth between several blockchains. The attack on Monday isContinue reading “Token bridge Nomad drained of <$200M after latest exploit"

According to Ethereum’s Vitalik Buterin, Meta’s attempt to monopolize the metaverse would “misfire.” How so? Well, partly because no one has been able to define what the phrase means. He claimed that ongoing business efforts don’t seem promising in a Twitter conversation about the potential design of the metaverse. He specifically targeted Meta, the internetContinue reading “Meta’s attempts to mould the Metaverse will ‘misfire:’ Ethereum’s Buterin”

According to reports, cryptocurrency lobbying organizations in Japan plan to push lawmakers to lower the tax rates on the local digital asset sector. As a result, professionals in the field are more likely to remain in their own country over seeking their fortunes in a country with laxer tax laws. The Financial Services Agency (FSA)Continue reading “Japanese lobbying groups wants tax cuts to maintain crypto-talent”

Financial watchdogs in South Korea are checking commercial banks’ foreign exchange transactions for the illegitimate use of cryptocurrencies. An unnamed Financial Supervisory Service official said that some of the transactions in question included cryptocurrency exchanges. That is why investigators are looking into any potential connections to currency speculation or money laundering involving digital assets. WhileContinue reading “South Korea: The LUNA investigation is leading the FSC to check…”

To allay worries that the crypto-exchange would have been vulnerable to a liquidity constraint, Coinbase has asserted that it has “no financing exposure” to the bankrupt Celsius Network, Three Arrows Capital (3AC), or Voyager Digital. In a blog dated 20 July, the company claimed that several of these firms were “over-leveraged with short-term liabilities mismatchedContinue reading “Coinbase shares up by >20% after ‘no financing exposure’ statement”

Senator Tom Emmer is in the news today after he claimed that the U.S SEC is still actively pursuing cryptocurrency entities. In doing so, it has gone beyond its authority, he added. A Republican, Emmer questioned the public’s confidence in the American financial system. The SEC, he continued, has placed the blame for this decline inContinue reading “Emmer: SEC using enforcement to ‘unconstitutionally expand its jurisdiction’”

With significant resistance levels being broken by cryptocurrencies like Bitcoin and Ethereum, the market has only soared higher. ETH, for instance, was leading the market recovery with a 40% increase over the last seven days and a price of $1,500, at press time. On Tuesday, Bitcoin formally exited the “extreme fear” zone after a recordContinue reading “Bitcoin is ‘back’ after 73 days and here’s what’s coming next”

Binance has now firmly established itself over Coinbase and other crypto-exchanges. Binance now holds more Bitcoins than any other crypto-exchange in the world, with the figures for the same expected to only rise.  Binance and Coinbase’s fortunes were in stark contrast to one another as the bear market got underway. Binance and its CEO Changpeng ZhaoContinue reading “Binance flips Coinbase to hold more Bitcoin [BTC] globally”

In his infamous “tacostand” wallet, Jed McCaleb, the erstwhile founder of Ripple Labs, has finally ceased selling all but 46.7 of his XRP holdings. According to blockchain researcher XRP Scan, the former Ripple exec made his final outbound XRP transfer on 17 July for 1.1 million XRP (worth $394,742.18). A few hours later, the accountContinue reading “Jed McCaleb empties XRP wallet, but how will the alt react now”