Bitcoin’s “Great Accumulation” period has begun, Binance.US withdrawals resume, and the U.K. prepares for its upcoming crypto regulation. Top Stories This Week The Great Accumulation of Bitcoin has begun, says Geminis Winklevoss Recently renewed optimism for an approved Bitcoin spot exchange-traded fund (ETF) is igniting The Great Accumulation Race for Bitcoin, according to industry pundits....Continue Reading

A creditor of now-bankrupted crypto exchange FTX pledged a $31,307 claim as collateral for a DeFi loan. A creditor of now-bankrupted crypto exchange FTX pledged a claim as collateral for a loan in the decentralized finance (DeFi) protocol Arcade. The transaction was the first on-chain loan backed by a FTX claim, according to the bankruptcy...Continue Reading

On-chain data and ETH price charts are beginning to hint at a possible rally to $3,000. Ethereum’s on-chain movements indicate bullish pressure building around Ether as its exchange balances reached an all-time low and staking deposits keep surging.  Ether’s (ETH) technical charts suggest that the asset can reclaim $3,000 if buyers are able to push...Continue Reading

According to the CEO of Hong Kong’s Securities and Futures Commission, Julia Leung Fung-yee, incorporating virtual assets into the regulatory system was crucial after FTX bankruptcy. The CEO of Hong Kong’s Securities and Futures Commission (SFC), Julia Leung Fung-yee, addressed Hong Kong’s embrace of Web3 regulation following the collapse of crypto exchange FTX last November,...Continue Reading

Explore AI translation tools, their features, benefits and pricing models to find the right solution for your translation needs. Translation is the process of converting written or spoken content from one language to another while preserving its meaning. By automating and enhancing the translation process, artificial intelligence (AI) has significantly contributed to changing the translation industry....Continue Reading

Shibburn said that Twitter’s developer portal indicates a violation of Twitter rules and policies by its app. The Shiba Inu (SHIB) burn tracker Twitter account, Shibburn, which is well-engaged with the crypto community, has been unexpectedly suspended. This suspension has garnered attention because the account holders had reached out to influential individuals like Elon Musk...Continue Reading

An Ethereum user used Aave’s v2 lending platform by depositing 7.5 million USDC as collateral. Following the issuer’s decision to temporarily halt mints and redemptions through its banking partner, Prime Trust, a trader has taken advantage of the situation by initiating an on-chain short position on the stablecoin TrueUSD (TUSD). According to on-chain data, an...Continue Reading

Legal representatives of the media outlets have reportedly argued that FTX is not entitled to a “novel and sweeping exception” just because its customers used cryptocurrency. The four major media outlets advocating for the release of FTX customer names have opposed the decision to seal them. Meanwhile, a crypto lawyer told Cointelegraph that “there is...Continue Reading

It was alleged that Celsius executives engaged Wintermute to conduct wash trading to “fraudulently” manipulate trading volumes on the Celsius platform. Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that crypto market maker, Wintermute, assisted Celsius executives in manipulating the price of CEL (CEL) through the use of “wash trading.” According to a June...Continue Reading

Wirex cards may stop working in the European Economic Area, but funds held in the account are safe, the company said. Debit cards offered through crypto payment service Wirex may stop functioning in the European Economic Area (EEA), according to a June 23 email the company sent to some of its customers. The threat of...Continue Reading