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XRP surpasses Ethereum as a popular cryptocurrency trading choice in South Korea. Data shows that over 20% of traders in their 20s interact with the token, the highest of any age group in the country. South Korean crypto expert says the trend shows traders now opt in for short-term crypto investments. XRP, the world’s fifth-ranked cryptocurrency, has dethroned Ethereum, the world’s second-largest cryptocurrency, as the most popular altcoin in South Korea. According to a South Korean news outlet report, cryptocurrency users in the country now prefer XRP as an investment choice above other altcoins such as Ethereum. Based on data from the South Korean cryptocurrency exchange Bitsum, the report shows investment trends across different age groups in the country. Notably, investors in their 20s were highlighted as the most active crypto traders in the country. Per the report, XRP is the popular altcoin choice among this age group, with over 20% of trade...

Aug 23, 2023 at 08:46 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, Litecoin (LTC) price is falling and has reached the oversold status. Long-term forecast of Litecoin price: bearish The cryptocurrency fell to a low of $53.70 as bulls bought the dips. As the altcoin has retreated above the $60 support, the downward momentum has stopped. LTC price stabilized above the $60 support last week but fluctuates in a small range. The cryptocurrency's price is hovering between $60 and $68. If the current support holds and the ...

Joe Lewis, the 86 year-old billionaire owner of football club Tottenham Hotspur, was forced to secure possibly the largest bail bond in history while facing insider trading charges, worth $300 million — about $50 million more than FTX founder Sam Bankman-Fried. In an interesting twist of fate, Lewis sold Bankman-Fried numerous properties located in the Bahamas worth upwards of $76 million through his company Tavistock. Lewis is accused of helping his ex-girlfriend — then 23 year-old Carolyn Carter — and his personal pilots invest in numerous biotech companies before positive news was announced publicly. The three individuals cumulatively profited over half a million dollars. Joe Lewis, Sam Bankman-Fried, and Jean Chalopin Lewis, who owns thousands of acres of land in Argentina and moved to the Bahamas as a “tax exile” in 1975, has put his $250 million superyacht and his private plane up as collateral for his extremely high bail bond. The billionaire is pleading not...

Cardano occupies the top spot in terms of GitHub development activity, according to Santiment. Over the past 24 hours, ADA saw its price drop by more than 3%, which left it trading hands at $0.261. The Ethereum-killer’s price was resting on the crucial $0.2585 support level at press time. Cardano (ADA) has outperformed some of the top cryptocurrency projects in terms of GitHub development activity, according to a post shared by the market intelligence platform, Santiment. Throughout 2023, Polkadot and Kusama were the projects with the most Github development activity, but Cardano recently became the new frontrunner. ‍ Throughout 2023, #Polkadot & #Kusama shared the honors for most #github development in #crypto according to our calculations for notable activity. However, #Cardano has finally outpaced them. Read more about how @santimentfeed tracks dev. activity here: https://t.co/vWQCE4a1nv pic.twitter.com/6KBUNf0BIt — Santiment (@santimentfeed) Aug...

The crypto -verse has been seeing various platforms, networks, and assets experiencing rapid growth right after their launch. friend .tech was one among them. The newly introduced decentralized social [DeSo] network, accomplished an impressive feat by amassing $1 million in fees within just a day. This achievement captured the attention of numerous users. However, a specific individual disclosed confidential information of more than 101,000 users from the friend .tech platform. Banteg, an anonymous contributor to Yearn Finance, has openly shared a “leaked” repository on GitHub. This entails significant information about users from the friend.tech platform. This further encompasses wallet addresses on Base as well as the associated Twitter usernames. 101,183 people has given friend tech access to posting as them, leaked db indicateshttps://t.co/yYYDqzUoON — banteg (@bantg) August 21, 2023 Many individuals raised concerns about the platform and indicated t...

Gryphon Digital is requesting dismissal from a suit filed by its former partner Sphere 3D over a scam-related Bitcoin transfer. According to Gryphon, the incident was caused by Sphere's security failures. Crypto miner Gryphon Digital is seeking dismissal from a lawsuit brought by its former partner Sphere 3D over a spoofing attack that resulted in 26 Bitcoins (BTC) being transferred to a fraudulent address. According to the initial complaint filed by Sphere 3D in April, Gryphon CEO Rob Chang allegedly wired 18 BTC in January to a fraudster posing as Sphere 3D’s chief financial officer through a spoofing attack. Within a few days, eight more Bitcoins were sent to the same address, resulting in a total loss of over $500,000 at the time. Gryphon claims, however, to be a victim of Sphere's "gross negligence" that allowed a malicious actor to access Sphere’s computer system, send spoof emails from its domain, and cause Gryphon to send cryptocurrency intended for Spher...

Lawyers of SBF stated that their client faced difficulties in thoroughly reviewing the extensive document accumulation related to the case while confined to the detention center. Seven days following the Department of Justice's bail revocation for disgraced FTX founder Sam Bankman-Fried, he is now seeking permission to spend five weekdays outside to collaborate with his legal team on his defense case. According to a letter sent to US District Judge Lewis Kaplan on Friday, as reported by Bloomberg, legal representatives of SBF stated that their client faced difficulties in thoroughly reviewing the extensive document accumulation related to the case while confined to the Metropolitan Detention Center in Brooklyn. In correspondence, Christian Everdell, the attorney for SBF, conveyed the following statement: “Just last week the government produced three-quarters of a million pages of Slack communications, which were supposed to be produced months ago, that Mr. Bankman-Fried will ha...

A crypto trader holding 22,341 Ether sold the assets days before the market crash, avoiding a potential loss of over $5 million. A crypto whale holding massive amounts of Ether (ETH) sold $41 million worth of the asset a few days before the market crashed, avoiding a potential $5 million loss.  The trade was flagged by the blockchain Analysis platform Lookonchain which follows and shares what they consider to be smart trades. On Aug. 18, the crypto whale deposited 22,341 ETH to the Binance exchange and withdrew around $41 million in Tether (USDT). List of transactions that the crypto whale made before the crash. Source: Etherscan While the crypto whale lost around $1.7 million in value, the trader managed to avoid further potential losses that could have gone up to more than $5 million when the market prices dropped. On Aug 18, crypto's market capitalization dropped by 6% to $1.1 trillion, which is the lowest level seen in at least two months.  Ether, the second-largest cry...

BRICS’s power lay: oil as a currency weapon The  BRICS  alliance, representing some of the world’s major economies, has actively pursued de-dollarization, with oil trade taking centre stage. Recent actions by these countries indicate a concerted effort to  reduce  reliance on the US dollar.  advertisement India settled crude oil transactions with the UAE in Rupees, while France opted for the Chinese Yuan in its gas trade with China. Besides, Russia has followed suit, leveraging the Yuan for its oil imports. In his open Fox Business  interview , Trump stressed the importance of these initiatives. He said, “Our country is going to hell, and we’re not going to be the big boy.” Additionally, he worried about the US dollar’s declining worldwide influence. Such shifts, he believes, could have consequences graver than any war, particularly if the US dollar loses its reserve currency status. More Countrie...

Santiment shared on Twitter that the whale activity for SHIB, SAND, XRP, and CAKE has been increasing. Many believe whales will now try to capitalize on the discounted cryptocurrency prices. CoinMarketCap data revealed that SHIB, XRP, SAND, and CAKE all saw their prices drop over the past 24 hours. Whale activity for Shiba Inu (SHIB), Ripple (XRP), The Sandbox (SAND), and PancakeSwap (CAKE) has been increasing according to a Twitter post shared by the market intelligence platform, Santiment. This is likely due to the fact that there has been a bit of a downturn in the cryptocurrency market and these whales are capitalizing on the discounted prices. As the crowd feels the pain, there are several assets seeing an increase in whale activity. As they attempt to capitalize on the discounted prices, read about the four projects we're seeing some notable activity rises: $SHIB, $XRP, $SAND, & $CAKE https://t.co/SnuKebg7h1 pic.twitter.com/VWKlH95yU0 — S...

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase won approval to offer crypto futures trading to customers in the US. It becomes the first crypto platform that’s able to offer investments that will include Bitcoin and Ethereum futures contracts via a so-called Futures Commission Merchant platform. The National Futures Association, a CFTC designated SRO, has approved Coinbase Financial Markets. as a registered Futures Commission Merchant . Coinbase can now offer futures contracts in BTC and ETH to eligible customers in the US. — Coinbase ️ (@coinbase) August 16, 2023 Coinbase said on its blog that the regulatory approval from the NFA, which took almost two years, is a vital step forward. Greg Tusar, Coinbase’s spokesperson stated: By gaining this regulatory foothold, the crypto exchange positions itself as a pioneer in the digital financial realm, poised to offer a unified platform where traditional spot crypto trading and...

Sam Bankman-Fried’s criminal prosecution for alleged unlawful campaign donations won’t include testimony from former FTX co-CEO Ryan Salame. Information from an Aug. 14 filing by U.S. federal prosecutors shows that Ryan Salame plans to invoke his Fifth Amendment right. It protects him from self-incrimination if he is subpoenaed as a witness in SBF’s criminal trial. NEW — FTX executive and GOP megadonor Ryan Salame “has represented that if subpoenaed, he would invoke his Fifth Amendment right against self-incrimination.” That’s according to a motion tonight from federal prosecutors who say that he is as of now “unavailable as a witness.” pic.twitter.com/w4mbVgl8VY — Teddy Schleifer (@teddyschleifer) August 14, 2023 Former FTX CEO Sam Bankman-Fried faces eight criminal charges ranging from illegal campaign financing to conspiracy to commit wire fraud and money laundering. He is currently held at the Brooklyn Metropolitan Detention Center (MDC) after Judge Lewis Kaplan revoked ...

Peirce Uninkely To Be SEC Head, But Is A Pro Crypto This comes after the rumor that Hester Peirce would succeed Gary Gensler as the head of the regulatory agency came out earlier today. Known informally as “Crypto Mom,” Peirce is open about the SEC’s flaws, pointing out its lack of clarity in regulating cryptocurrency businesses, failure to create a desirable regulatory framework for crypto businesses, and inability to protect Americans from shady organizations operating outside of its purview. advertisement In February 2021, Peirce championed favorable crypto legislation, which coincided with a rise in corporate interest in Bitcoin, demonstrating her proactive approach to the regulation of cryptocurrencies. Many think her hiring could give the SEC’s treatment of digital currencies a new, positive perspective. Also Read: Coinbase Officially Launches Crypto Exchange Services In Canada What If Crypto Mom Takes Over? The mystery su...

Reactions to Amicus Briefs Supporting Coinbase Surprisingly, Coinbase Exchange has garnered a lot of support from industry giants and scholars in the legal profession who have filed an Amicus submission on its behalf.  advertisement Besides Senator Cynthia Lummis , industry giants including Andreessen Horowitz (a16z) and Paradigm as well as six law professors from Yale, the University of Chicago, the University of California Los Angeles, Fordham, Boston University, and Widener University have all shown their support. While the arguments presented by these Amicus Curiae have done good justice to weakening the SEC ’s SEC urities claims, experts like Schwartz have also pointed out some flaws in the argument. One of the flaws noted relates to the poor Analysis of the holding in Joiner. “I think the weakest point in that brief is that they don’t do a good job of addressing the holding in Joiner. But at most, Joiner says that if a reasonable b...

The hacker’s wallet with more than $100K worth of USDT was blacklisted and frozen, while the Victim had been drained for almost $170K worth of NFTs and other assets. With the help of police and cyber authorities, a victim of a hack worth 90 Ether (ETH) has gotten the attacker’s Tether (USDT) address black listed . As a result, they may be able to get most of their funds back. [2023/08/11 17:30] USDT black listed 0x788bc56b67c289399cd6e2022f0d76484f04724a in block 17893148 https://t.co/WipjkHXFGp — usdt blacklist (@usdtblacklist) August 11, 2023 The victim, who goes by @l3yum on X (Twitter), was initially drained on March 16 after the hacker managed to get a hold of their hot wallet seed phrase. Several Yuga Labs-related NFTs were stolen, alongside some crypto and other NFTs from smaller projects, and then promptly swapped or sold off. In an Aug. 11 X thread, L3yum highlighted that the hacker’s Ethereum-based USDT address had been blacklisted, as he noted that: “Today after ...

The Bank of Canada conducted research to understand how citizens would behave in a hypothetical cashless environment toward CBDC. The research paper analyzes the role of CBDC in the potential cashless scenario. The report showed that most Canadian citizens might have weak incentives to use CBDCs, as they don’t have barriers to accessing financial services. In other words, Canadian society has high levels of financial inclusion. According to the research, 98% of the population has a bank account, 87% holds a credit card, and 90% of rural and urban citizens have access to high-quality internet. The Bank of Canada explained that cash is vital to Canadian society. It added that money is needed as an offline payment method for potential emergencies, such as extreme weather or widespread power outages. The paper stressed the importance of the role of the Bank of Canada as the issuer of the traditional payment method, in other words, cash. Finally, the research paper explained s...

Also Read: Billionaire David Rubenstein Bullish On ‘Mighty’ Blackrock Bitcoin ETF advertisement Meanwhile, easing of the US Federal Reserve’s monetary policy could be a positive sign for the crypto market, as increased liquidity may lead to rise in crypto investments. On the regulatory front, the Bitcoin price may be boosted with developments around the Blackrock Bitcoin ETF, and the Bitcoin Halving event scheduled in the second quarter of 2024. Goldman Sachs Analyst: July Rate Hike Was Last Earlier, Bloomberg reported a quote from Gurpreet Gill, global fixed income macro strategist at Goldman Sachs Asset Management, on the macroeconomic scenario. The underlying details of the July CPI inflation data shows consistency in maintaining an overall path to disinflation, she said. She also expressed belief that the peak of the US Federal Reserve’s interest rate increases was likely in July 2023. Also Read: XRP Advocate Deaton Chall...