Ripple faces securities suit in California over CEO's ‘misleading statement’

Its been a rough couple of weeks for the cryptocurrency market. Bitcoin (BTC) price is nowhere near the price estimates of most analysts, multiple stablecoins lost their peg and the demise of one of the top decentralized finance (DeFi) platforms sparked an event that resulted in $900 billion vanishing from the total crypto market capitalization. In the…

The bill already signed into law legalizes online sports betting in the state with bookmakers permitted to accept cryptocurrency deposits from bettors. 3496 Total views 58 Total shares Wyoming has passed a new law legalizing online sports betting in the state with gamblers able to fund their accounts with bookmakers using cryptocurrencies.Governor Mark Gordon signed…

The adoption rate of blockchain technology in China continues to impress as the People’s Bank of China (PBoC) has reportedly issued 20 billion yuan ($2.8 billion) in blockchain-based special financial bonds for small and micro enterprises.According to local news outlet Sina Finance in early December, the funds are specifically used to issue loans to these…

The suspected hack followed ZB.com announcing the suspension of deposits and withdrawals on Tuesday in response to the “sudden failure of some core applications.” 198 Total views 5 Total shares Blockchain investigator PeckShield has reported roughly $4.8 million in crypto moved from ZB.com amid the exchange announcing the suspension of withdrawals.In a Wednesday tweet, PeckShield…

The Turkish crypto and blockchain ecosystem is working hard to build during the bear market, according to local experts. 541 Total views 14 Total shares

The Ethereum/Bitcoin flippening is more than half complete, according to a new metric. 1796 Total views 26 Total shares A new metric from German site The Blockchain Center suggests that the long awaited ‘flippening’ —  where Ethereum overtakes Bitcoin — is more than halfway complete.The newly created ‘Flippening Index’ currently stands at 53.3%. Backtested, it…

Yearn Finance (YFI) launched just a month ago and since then the yield aggregating platform’s total value locked has climbed to $611 million.In the last three days, YFI price climbed to $12,800, a nearly 330% rally since the price bottomed at $3,005 on Aug. 13.Three key factors appear to be behind YFI’s recent rally: the…

Bitcoin (BTC) has seen a massive surge in the past two months, in particular, as institutions jumped into the new asset class. The latest is Blackrock,  announcing interest in trading in Bitcoin futures while Grayscale continues to scoop up BTC at an accelerating pace. Total amount of BTC held by Grayscale Bitcoin Trust. Source: CryptoQuantHowever, after a…

The world of crypto can be a daunting place to adventure in and with the inherent risk of capital, figuring out how to distinguish a good project from a bad one could be the difference between a bumpy ride or a smooth journey. Here are 10 data points to help you figure out whether a…