Social media platform X — formerly known as Twitter — may soon advance plans to add financial services to its users, hoping to become the American equivalent of the Chinese super-app WeChat. The concept of super-apps isn’t new. Tech giant Tencent, the company behind WeChat, has been refining the model since 2011. Like Twitter, it began as a social networking […]

A recent development in the ongoing showdown between the United States Securities and Exchange Commission (SEC) has seen the withdrawal of another Ripple attorney from the lawsuit, recent court filings reveal. This comes after a motion was filed earlier in the month for Anna R. Gressel to withdraw as attorney of defendant Ripple Labs. This recent withdrawal has cast a […]

Bitcoin (BTC) price has been trapped between the moving average lines since July 14. Bitcoin price long-term forecast: bearish The BTC price fell dramatically on July 24 to a low of $28,924, or above the 50-day line SMA, as bulls bought the dips. Today, the largest cryptocurrency hit a high of $29,558, but it is being rejected. Similarly, buyers drove […]

Cardano (ADA) price is falling, although it is still above the 50-day SMA. Cardano price long-term forecasts: bearish The moving average lines intersect the price bar. If the price falls below the moving average lines, the current decline will accelerate. The coin is currently trading at $0.30 and is moving between the moving average lines. The price of the cryptocurrency […]

DeFi protocol, Hector Network, has closed its official Discord server, leaving many investors in the dark. The move comes amidst growing suspicions of a $16 million rug pull engineered through a so-called hard rug, a process where funds are quickly moved, leaving investors with shitcoins. This comes after a controversial rage-quit vote organized by the project’s DAO.  DeFi Protocol Hector […]

The Kyrgyz Republic, a central Asian state bordering China, is reportedly growing its cryptocurrency mining powers with support of the local government. Kyrgyz President Sadyr Japarov has given a nod to building a crypto mining farm at a hydroelectric power plant, Kyrgyzstan’s national news agency Kabar reported on July 27. The government of Kyrgyzstan plans to spend up to $20 […]

Bankrupt crypto exchange FTX and crypto lender Genesis have reached an agreement in principle to resolve the claims brought by FTX in its bankruptcy case. On July 27, legal counsels for both firms sent a letter to bankruptcy Judge Sean Lane stating that they had agreed to a settlement. However, the agreement was in principle and did not provide any […]

A missing cryptocurrency millionaire and Instagram influencer based in Argentina has turned up dead, with police suspecting murder after he was found dismembered in a suitcase. According to several local media reports, crypto trader and influencer Fernando Pérez Algaba was reported missing on July 18 when he failed to return the keys to a rented apartment and answer his phone. […]

Crypto fund manager Grayscale is urging the Securities and Exchange Commission (SEC) to approve all proposed spot Bitcoin (BTC) exchange-traded funds (ETFs) at the same time to avoid one having an advantage. A July 27 post by Grayscale chief legal officer Craig Salm said its legal team submitted a letter regarding eight spot Bitcoin ETF filings — including its own […]