Gemini vs. SEC: Why is the Lawsuit Being Challenged?

A Bold Move by Gemini Late last Friday, Gemini, a renowned cryptocurrency platform, submitted a brief to the U.S. District Court for the Southern District of New York (SDNY). The document contained a plea from Gemini’s legal representatives, urging the dismissal of the lawsuit filed against them by the Securities and Exchange Commission (SEC). The […]

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Crypto Crash: What’s Behind the 20% Drop in Altcoins?

Market Reactions to Recent Events Bitcoin, the leading cryptocurrency, has shown signs of stabilization after last week’s significant price drops, yet it struggles to maintain the $26,000 mark. This comes in the wake of rumors suggesting that Elon Musk’s SpaceX might have sold off its remaining Bitcoin holdings. Such speculations led to an immediate price

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Shibarium’s Launch: Technical Glitch or Overwhelming Demand?

Technical Setbacks and Their Causes Technical challenges marred the recent Shibarium layer-2 blockchain launch, resulting in approximately $1.7 million in ETH being temporarily trapped in the Shibarium cross-chain bridge. Alongside this, users voiced concerns over a malfunctioning RPC system, a less-than-ideal blockchain explorer, and a generally unsatisfactory experience for the SHIB community. The Shiba Inu

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Shiba Inu’s Price Drop: Investor Confidence Shaken?

The Sudden Dip The Shiba Inu (SHIB) cryptocurrency experienced a significant drop in its price over the last 24 hours, mirroring the overall trend of the market. Specifically, SHIB’s value decreased by a notable 12.4%. As of now, the cryptocurrency is hovering just above the 0.00000816 mark. With the market’s current volatility, it remains crucial

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8% Decline in a Day: Which Cryptos Were Hit the Hardest?

Bitcoin Hits a 2-Month Low Bitcoin, the leading cryptocurrency, has seen a significant drop in its price over the past 24 hours. The digital asset plummeted to $28,300, a price not witnessed in approximately two months. This decline comes after a week of relatively stable trading, where Bitcoin oscillated between $29,200 and $29,500. The asset

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Shibarium Launch: Triumph or Tragedy for Shiba Inu?

The Shibarium Launch: A Mixed Reception Shiba Inu, a popular cryptocurrency, has recently undergone significant developments that its community has eagerly awaited. Just yesterday, Shiba Inu developers took the stage at the Blockchain Futurist Conference in Toronto to announce the launch of the Shibarium mainnet. However, contrary to expectations, the price of Shiba Inu has

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Dubai’s VARA Slaps OPNX with a Hefty Fine

The Immediate Fallout Dubai’s Virtual Asset Regulatory Authority (VARA) has imposed a significant fine on OPNX, a cryptocurrency project initiated by the founders of the now-defunct digital asset hedge fund, Three Arrows Capital (3AC). This action comes shortly after VARA issued a reprimand in May. While the project’s executives have settled their fines, OPNX has

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Urgent: Binance’s Shocking Decision to Delist 3 Tokens!

The Announcement Binance, a leading cryptocurrency exchange, has recently announced its decision to delist three crypto tokens: Serum (SRM), Sonm (SNM), and DFI.Money (YFII). This decision comes after these tokens failed to meet Binance’s rigorous quality standards. Starting August 22, at 03:00 UTC, Binance will halt deposits for all trading pairs linked to these tokens,

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