Author: Crypto News

Last updated: May 23, 2024 15:20 EDT | 2 min read The crypto exchange Coinbase reintroduced support for XRP in New York on May 23, allowing residents to buy and sell the cryptocurrency on its platform once again. New York-based users of Coinbase can now trade or store Ripple (XRP) on Coinbase.com or the crypto exchange’s iOS and Android mobile apps.Coinbase Chief Legal Officer Paul Grewal announced the news on X, emphasizing the collaborative effort with the state to facilitate the token’s return.“We heard you and put in the work in strong partnership with the State [to bring back XRP…

Last updated: May 23, 2024 14:51 EDT | 2 min read Speculations regarding Bybit’s potential hack or insolvency sparked concerns within the crypto community, prompting CEO Ben Zhou personally to step in to refute these claims on May 23.Amid a flurry of social media rumors questioning Bybit’s solvency and security, Zhou, one of the prominent cryptocurrency exchanges, provided reassurance about the exchange’s financial stability and robust security measures.CEO Zhou’s Refutation Against Bybit’s Hack and Insolvency RumorsIn response to the escalating rumors, Zhou took to Twitter to address the situation directly, emphasizing that Bybit remains financially solvent and secure. He pointed…

Last updated: May 23, 2024 14:41 EDT | 2 min read U.S. prosecutors are pushing for a 5 – 7 year sentence for former FTX executive Ryan Salame on charges stemming from his time at Sam Bankman-Fried’s (SBF) doomed crypto exchange, according to a sentencing memorandum filed late Tuesday.Salame, who previously requested a maximum sentence of 18 months in prison, pled guilty to a campaign finance violation and operating an illegal money-transmitting business related to his role as CEO of FTX’s Bahamian subsidiary, FTX Digital Markets.Former FTX Exec Ryan Salame Could See 5 – 7 Years In PrisonProsecutors allege Salame…

Last updated: May 23, 2024 13:47 EDT | 2 min read Floki Holders Are Dumping FLOKI for This New ICO – Could It Deliver 1,700% Gains? / Source: Cryptonews The Floki Inu (FLOKI) price has stalled after hitting multi-week highs above $0.0002450 earlier this week, as holders dump FLOKI for a new ICO called 5thScape as the bet on securing 1,700%.FLOKI pushed above its 21 and 50DMAs earlier this month and has been trending higher now since the mid-April lows.Recent gains can be attributed to optimism that Ethereum ETFs might soon gain US approval.That could drive growth in Ethereum blockchain-issued…

Last updated: May 23, 2024 13:01 EDT | 6 min read Know-your-customer (KYC) solutions are becoming increasingly important for crypto companies, financial services firms, and institutions. Grand View Research found that the global KYC software market size was valued at $2.93 billion in 2021. The number is expected to expand at a compound annual growth rate (CAGR) of 20.8% over the next six years.Grand View Research’s report further noted the growth of the KYC market, which can be attributed to the importance of compliance management and the rising number of identity-related frauds in financial institutions. The rise of deep fakes…

Last updated: May 23, 2024 11:37 EDT | 3 min read Social media platforms have been buzzing with discussions about Ethereum vs. Solana, fueled by notable value actions as they entered new price zones. On the other hand, GameStop’s token price increased significantly due to the massive surge in the stock market. Meanwhile, BlockDAG (BDAG) continues to capture global investor attention with its innovative mining devices and presale success. BlockDAG, which is currently in Batch 14 of its presale, has grossed $30 million, significantly boosted by its exclusive keynote video that went viral after its launch at Shibuya Crossing. This…

The Ethereum (ETH) ETFs filing process has seen major progress. While approval is not guaranteed, it’s now more likely to occur than before. Specifically, the U.S. Securities and Exchange Commission (SEC) is now asking exchanges to update the 19b-4 filings on an accelerated basis. In addition, Avalanche (AVAX) has seen major appeal with the launch of Gamestarter on GameChain, and traders are also stocking up on Rollblock due to its major ROI potential, which is already up 20%. We will go over each one to see why these are the best altcoins to invest in.Ethereum Price Up Above $3,500 As…

Last updated: May 23, 2024 09:36 EDT | 3 min read The Bittensor price is shaping up to post 70% gains, suggesting that it isn’t too late to buy the crypto. Source: TradingViewAs the Bittensor (TAO) price continues to push higher on Thursday, having hit fresh monthly highs above $490, traders are asking whether it is too late to buy TAO.TAO was last changing hands just above $470, up 13% in the past 24 hours as per CoinMarketCap.Bittensor is a decentralized network of machine learning models that is attempting to build a global AI brain.AI coins like Bittensor are in…

Last updated: May 23, 2024 08:57 EDT | 1 min read Thursday 23 May 2024, Turin – Iconic Italian football club Juventus has announced top online gaming site Instant Casino will be its new regional partner in Europe. The agreement promises a wide range of entertainment opportunities and exclusive rewards for both Juventus fans and Instant Casino players. Alexandre Zodmi, Juventus Head of Partnerships Development and Academies, commented on the new partnership: “We are delighted to welcome Instant Casino to the Juventus family. Instant Casino shares our commitment to excellence and innovation, and we are confident that together, we will…

Last updated: May 23, 2024 07:54 EDT | 2 min read The approval of spot Ethereum exchange-traded funds (ETFs) in the United States could potentially trigger a substantial rally of up to 60% in the price of ETH.In a recent note, Singapore-based QCP Capital, said it has achieved this forecast by drawing parallels to the market reaction following the approval of spot Bitcoin ETFs earlier this year.QCP Capital pointed out that when spot bitcoin ETFs were approved in January, Bitcoin experienced a significant surge from $42,000 to over $73,000 within a two-week period after the ETFs began trading.“With Friday implied…