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Cryptocurrency News

Binance UK Subsidiary Shareholder Accuses Exchange of Providing Inaccurate Financials
Dimplx noted that the amended financial statements by Binance Digital “remain unreliable for the purposes of determining the present fair value of Dimplx Limited’s shareholding in Binance Digital”. UK subsidiary shareholder of Binance called Dimplx has accused the crypto exchange of misrepresenting the shareholder’s ownership in the official company’s... Read more
Huobi Token Price Rallies by 75%, Here’s Why | Coinspeaker
The Huobi token spiked to a four-month high of $7.54 earlier. The native coin of the Chinese crypto exchange Huobi Global – Huobi Token (HT), has been experiencing nothing short of an impressive change of fortune in the past few days. This was despite being at a 21-month low... Read more
Binance Says BSC Hard Fork Completed Successfully after Hack
Speaking on the primary arguments surrounding the fork, Binance founder and chief executive officer Changpeng Zhao, said that decentralization is not “black-and-white”. Binance Global Inc recently completed its hard fork of the BNB Smart Chain (BSC) network. According to the operator of the world’s largest cryptocurrency exchange Binance, the... Read more
Digital Yuan Transactions Volume Tops $14B Mark
The e-CNY pilot program has already expanded to 23 cities and regions in 15 provinces and provincial-level cities. The pilot phase of the digital yuan, China’s central bank digital currency (CBDC) project, has recorded close to $14 billion, or 100.04 billion yuan, in transactions. The latest numbers now make... Read more
Coin Center Files Lawsuit Against Treasury over Tornado Cash Sanctions
Coin Center is suing Treasury for “unlawfully” sanctioning Tornado Cash and implying that privacy-focused users are criminals. Crypto think tank Coin Center has filed a lawsuit against the US Treasury over the latter’s Tornado Cash sanctions. According to Coin Center, the Treasury Department’s Office of Foreign Asset Control (OFAC),... Read more
Stellar Development Foundation Launches $100M Fund to Support Native Smart Contract Adoption
Soroban will go through several test nets before launching in early 2023. Stellar Development Foundation (SDF) has introduced a new funding initiative to encourage developers to build on the Soroban smart contract platform, which officially went live on Futurenet on Oct. 11. The new funding initiative, according to SDF,... Read more
Binance Smart Chain Decides to Undergo Hard Fork after $100 Million Hack
The Binance Smart Chain will undergo a major hard fork to mitigate the cross-chain infrastructure between Beacon Chain and Smart Chain so that the cross-chain can be re-enabled back. Almost a week after the $100 million exploit of the Binance Smart Chain, Binance has now decided to undergo a... Read more
Ripple CEO Expects ‘Answer’ in SEC Suit by First Half of 2023
Garlinghouse previously noted that most cryptos trading on exchanges in the US would be deemed securities if Ripple loses the case. In December 2020, the US Securities and Exchange Commission (SEC) filed a suit against Ripple Labs executives for selling unregistered securities. In September 2022, Ripple filed a motion... Read more
Simple Google Search Can Now Show Ethereum Wallet Balances
In addition to this, Google has partnered with Coinbase and will allow its Cloud services customers to make payments in cryptocurrencies. As more searches related to digital assets get common, tech giant Google is also refining its search engine. A simple Google search can now provide data directly about... Read more
Solana Blockchain-based Mango Markets Loses $116M in Cyber Attack
The case grows more interesting as the exploiter has now suggested a governance proposal that will approximately give them $70 million in the form of a bounty reward. In another case of a cyber heist, the decentralized finance platform Mango Markets based on the Solana blockchain was drained of... Read more
Former Celsius CEO Alex Mashinksy Cashes Out $960k Worth of CEL, USDC
Notably, Alex Mashinky and other executives were revealed to have withdrawn as much as $27 million in two tranches just before the firm declared its bankruptcy. Alex Mashinsky, the former Chief Executive Officer (CEO) of the embattled crypto lending platform Celsius Network, has continued to cash out funds in... Read more
Crypto Bank MinePlex Secures $100M Funding from GEM, Plans to Formulate New Banking Technologies
MinePlex says its new funding will be channeled toward steepening its operational endeavors and growing its visibility globally. Crypto and digital bank MinePlex recently secured $100 million in funding from digital asset investment firm GEM Digital Limited (GEM). MinePlex’s latest funding will go towards formulating new banking technologies. These... Read more
Ripple Expands Its Business in Europe as It Partners with Lemonway and Xbaht
The partnership with Lemonway and Xbaht will open a new path for the firm to enjoy what may turn out as a significant benefit in the long run. Blockchain payments firm Ripple Labs Inc is defying the current pangs being stirred by the crypto winter as it has inked... Read more
Jamie Dimon Says Musk Should ‘Clean up Twitter,’ Echoes Tesla CEO’s Bot Concerns
Elon Musk still has time till October 28 to end a deal and avoid trial.  Tesla CEO Elon Musk revived his interest to take over Twitter Inc (NYSE: TWTR) last week with a $54.20 per share proposal and this, according to JPMorgan CEO Jamie Dimon, is a good deal.... Read more
Formula One Registers Crypto and NFT-related Trademarks
Formula One plans to provide retail store services in virtual goods and a marketplace where transactions of cryptocurrencies and NFTs can occur. Popular Racing Sports, Formula One, filed trademarks associated with the cryptocurrency and the NFT world. The race-car league registered eight trademarks under its well-recognized “F1” abbreviation. The... Read more
BNB Chain to Support European Web3 Startups with DApp Incubator Program
It is important to note that the incubator program is meant for European projects that are considering or have already been deployed on the BNB Chain. The world’s largest smart contract blockchain by daily active users BNB Chain is launching a three-week virtual program, European Innovation Incubator. This is... Read more
Huobi Token Surges 17% within Hours, Here’s Why
The price surge follows a series of events which recently took place within the Huobi Global exchange. The native token of Bitcoin exchange Huobi Global, the Huobi Token (HT) has spiked by over 17% in the last 24 hours. As of press time, the token was seen trading at... Read more
Polygon Unveils Public Testnet for Layer-2 Scaling Solution Hermez (zkEVM)
Polygon unveils the public testnet of its Layer 2 zkEVM scaling solution and would allow DeFi protocols Uniswap and Aave to test different functions. As the race for a dominant Ethereum Layer-2 scaling solution picks up, Polygon makes a move by launching a new zkEVM public testnet. This public... Read more
FTX Is Upgrading Its Matching Engine | Coinspeaker
According to Bankman-Fried, the improvements will halve the API latency and double the order throughput. FTX CEO Sam Bankman-Fried has announced a series of feature upgrades will be taking place to the FTX matching engine. Exchanges use matching engines to facilitate the processing of buy and sell orders. For... Read more
Ripple Still Hiring amid Bear Market
Ripple posted several job openings earlier this month, of which one was for a lead digital designer. Ripple is continuing its hiring spree despite the current troubles in the crypto space. The San-Francisco based blockchain firm announced that it would continue employing even in a bear market so as... Read more
India to Begin Testing Its E-Rupee CBDC
Per the RBI, the e-rupee will not only be an alternative to paper money but also an alternative to cryptocurrencies. India’s apex bank, the Reserve Bank of India (RBI), might be a step closer to issuing its version of a Central Bank-Issued Digital Currency (CBDC). To this effect, the... Read more