Elon Musk AI project inspired memecoin ‘Grok’ falls 74% on creator scam claim
A memecoin drawing its name from the Grok AI project plummeted after allegations its social media account was recycled from that of a former scam token. The price of a…
Stablecoin firm Tether minted 4B USDT in 4 weeks: Data
Tether has minted 4 billion USDT over the past month, which accounts for nearly 18% of all USDT issued so far in 2023. Major stablecoin issuer Tether has been increasingly…
What is Gresham’s law, and how does it relate to cryptocurrencies?
Gresham’s law suggests “bad money drives out good,” making people hoard cryptocurrencies using traditional currencies for daily transactions. Gresham’s law, explained Gresham’s law has historically influenced the circulation of currency…
Bitcoin miners earned $44M in a day to record annual all-time high
An overall trend reversal occurred in 2023 as crypto entrepreneurs took charge of the situation and helped regain investor confidence. The Bitcoin (BTC) mining community recorded its annual all-time high…
XRP jumps then dumps on faked BlackRock XRP trust filing
XRP’s price surge was short-lived and has almost returned to its original price. A BlackRock filing suggesting the asset manager was creating an XRP (XRP) exchange-traded product caused a 12%…
First deadline window looms for SEC to approve Bitcoin ETFs: Law Decoded
Even if approved by Nov. 17, the spot Bitcoin ETFs are unlikely to come to market for at least a month after approval. The United States Securities and Exchange Commission…
APEC finance ministers to share perspectives on crypto at meeting in San Francisco
U.S. Treasury Secretary Janet Yellen said she is looking forward to hearing from the finance ministers of some of the world’s most crypto-forward countries. The weeklong Asia-Pacific Economic Cooperation (APEC)…
Why is Solana (SOL) price down today?
Despite an 11.3% correction in just two days, SOL maintains a robust position with healthy derivatives markets and on-chain metrics. Solana’s native token, SOL (SOL), experienced a remarkable 58.6% surge…
Crypto advocacy group pushes back against proposed IRS rules on brokers
The Blockchain Association claimed the U.S. Treasury overstepped its authority in proposing crypto tax rules difficult or impossible to follow by many in the space. The Blockchain Association, a United…
CBOE to launch BTC, ETH margin futures trading in January with 11 firms supporting
The new trading capability comes simultaneously with a surge in interest in crypto financial products in the United States. Cboe Digital has announced the launch date of Bitcoin (BTC) and…
DeFi vulnerability leading to $6.7M exploit ‘not detected’ by auditors
The project was previously audited by Trail of Bits and Hats Finance. Decentralized U.S. dollar stablecoin protocol Raft claims that despite multiple security audits, the firm still suffered a security…
Spanish regulator signals potential X probe on crypto ads
The CNMV’s head reiterated that networks are responsible for taking measures against investment promotions by unlicensed entities. The National Stock Market Commission (CNMV), Spain’s principal securities market regulator, called out…
Former FTX General Counsel Can Sun To Lead New Dubai Crypto Exchange
Former FTX general counsel Can Sun, who testified against former boss Sam Bankman-Fried at his fraud trial, will lead a new crypto exchange in Dubai Go to Source
Binance Freezes $11.8 Million After Kidnappers Force Client Executives to Drain Crypto Wallets
Binance CEO Changpeng Zhao said executives from a client company were abducted and forced to drain their cryptocurrency wallets of $12.5 million after being lured on Go to Source
Price analysis 11/13: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK
Bitcoin opened the week with a shallow correction, but altcoin traders seem unaffected by the slight BTC price pullback. Bitcoin (BTC) has risen more than 120% year-to-date, indicating that the…