Bitcoin, the world’s largest cryptocurrency by market capitalization, has been in a consolidation phase for the past few weeks. While this may seem like a period of relative stability, on-chain intelligence platform Glassnode co-founder Yann Allemann suggests that it could indicate an impending price movement.  In the past, similar consolidation periods have often been followed by price swings, and investors […]

Westpac, one of Australia’s ’Big Four’ banks, is launching its first trial of scam protection measures designed to combat fraudulent activities related to cryptocurrencies. The protection measures aim to mitigate losses from scams and reduce potential risks. According to the announcement, investment scams account for approximately 50% of all customer losses linked to scams, while around one-third of all scams involve […]

Amid fallout over Ledger’s controversial decision to allow private keys to be “recovered” from its devices, cold storage competitor GridPlus has announced that it will move to “open source” the firmware of its crypto wallets.  GridPlus took to Twitter on May 17 to inform its 17,500 followers that it will open source the firmware of all its crypto devices in […]

Binance Australia has suspended Australian Dollar (AUD) services, including withdrawals.  The crypto exchange’s Australian arm blamed issues with the local payment service provider for suspending fiat services.  The exchange is currently working to secure an alternative payment service provider to resume AUD services.  The Australian arm of the world’s largest crypto exchange has suspended withdrawals and deposits in Australian Dollars […]

Crypto brokerage Voyager’s bankruptcy plan was approved by the United States Bankruptcy Court for the Southern District of New York on May 17, according to a Reuters report. Judge Michael Wiles’ order approving the procedure was published by the court a day earlier.  The so-called third bankruptcy plan was proposed on May 5 after Binance.US backed out of plans to […]

US-based cryptocurrency company Ripple has recently announced its acquisition of Metaco. Metaco is a Swiss-based crypto custody firm and the deal, valued at $250 million, marks Ripple’s foray into the acquisition space. Metaco specializes in developing cutting-edge technology that enables financial institutions to securely store and effectively manage digital assets. Some of its notable clients comprise Citi, BNP Paribas, and […]

Per a recent report, hedge fund and market maker behemoth Citadel is suing two former executives. The individuals identified as Leonard Lancia and Alex Casimo broke off from the company to start a high-frequency trading firm called Portofino Technologies. According to the lawsuit filed by Citadel Securities, Lancia, former Head of Europe Systematic Market Making for Derivatives, and Casimo, Business […]

Data shows the Dogecoin and Shiba Inu whales have moved around massive of coins amounts today, a sign that dumping may be going on. Dogecoin And Shiba Inu Whales Have Transferred Huge Amounts According to data from the cryptocurrency transaction tracker service Whale Alert, several large SHIB and DOGE transactions have occurred during the last 24 hours. The first transfers […]

In this week’s newsletter, read about the United States Secret Service’s nonfungible token (NFT) collection, and how Elon Musk’s tweet caused a surge in an NFT collection’s floor price. Check out how someone tried to sell an image for Bitcoin (BTC) months before the infamous Bitcoin Pizza Day, and learn about LG’s new patent for an NFT-trading TV. And don’t […]