Coin Edition

Petro Becomes Bitcoin Holder After Gift from Blockstream CEO

Colombian President Gustavo Petro has ventured into the crypto realm, with Bitcoin at the forefront of his newfound interest. This unanticipated move, initiated by a generous gift from Samson Mow, CEO of Blockstream, has made Petro an official Bitcoin HODLer. However, this has also ignited discussions about the broader implications for Colombia’s future in the...Read full story at Coin Edition >

Ripple Performs Customary Token Unlock, Releases 1 Billion XRP

According to Whale Alert, the crypto tracking platform, the fintech company Ripple released its customary 1 billion XRP tokens from its escrow accounts in the early hours of Friday, December 1, 2023. The recent release is part of a pre-scheduled token unlock designed to sustain the stability of the XRP market. Ripple initially released 200...Read full story at Coin Edition >

Massive DOGE Exchange Transfer Threatens Its Bullish Momentum

People in the cryptocurrency community fear a Dogecoin (DOGE) selloff could be around the corner after a huge amount of tokens were moved to a cryptocurrency exchange earlier today. The whale tracking platform Whale Alert reported in an X post that a whale transferred 300,000,000 DOGE tokens from an unknown wallet to Robinhood. The transferred...Read full story at Coin Edition >

Altcoins on the Verge of a 2016-Style Rally, Says Crypto Analyst

Following the broader market recovery, altcoins saw considerable price booms, with some major tokens notching new annual highs. While that has slowed considerably, a crypto analyst predicts that another big break may be close by.  Indeed, the crypto analyst who goes by @el_crypto_prof on X made this prediction in a recent post. According to the...Read full story at Coin Edition >

Cardano (ADA) Sees Only 35% of Investors Profiting in a Bullish Market

Recent insights from blockchain analytics firm IntotheBlock have brought a concerning scenario for Cardano (ADA) enthusiasts to light. Despite a generally bullish market, only 35% of ADA investors are in the green. This percentage, notably lower compared to other top blockchain protocols, highlights the unique hurdles ADA stakeholders face. Moreover, IntotheBlock’s analysis points out a...Read full story at Coin Edition >

KuCoin Lists ETH-based Project Mantle Network (MNT) on Spot Trading

KuCoin, a prominent centralized cryptocurrency exchange, has recently declared support for the fast-growing Ethereum-based crypto project Mantle Network (MNT). The addition of the MNT token to KuCoin’s Spot trading platform was announced with enthusiasm as the exchange aims to broaden its range of available assets. The listing was officially communicated through a post on the...Read full story at Coin Edition >

The SEC Is Anything, But Infallible, Condemns Ripple CLO

Ripple’s Chief Legal Officer Stuart Alderoty lambasted the U.S. Securities and Exchange Commission (SEC) in a recent X post, in which he described the regulator as “bloated, broken and beleaguered”. Reflecting on a recent Wall Street Journal (WSJ) report that highlighted the SEC’s recurrent defeats in the Supreme Court, Alderoty urged the community, “Don’t be...Read full story at Coin Edition >

MicroStrategy Makes Huge Bitcoin (BTC) Buy: Is It Time to Sell?

Software company MicroStrategy has purchased another round of Bitcoin (BTC) valued at around $600 million, according to its chairman, Michael Saylor. Saylor made this known in a post on X (formerly Twitter) on November 30. Another BTC purchase for Saylor According to Saylor, MicroStrategy purchased 16,130 BTC between November 1 and 29 at an average...Read full story at Coin Edition >

Hoskinson Slams Bitcoin Maxis, Argues Bitcoin Started Centralized

Charles Hoskinson, the Cardano blockchain’s founder, has recently taken a swipe at ardent supporters of Bitcoin (BTC), arguing that Bitcoin has launched as a fully centralized entity. Hoskinson expressed this sentiment in a recent live stream, weighing on the evolving dynamics in the Bitcoin, Ethereum, and Cardano communities. Hoskinson first highlighted that, at the time,...Read full story at Coin Edition >

US Treasury Demands Accountability from Non-US Stablecoin Issuers

On Wednesday, the U.S. Deputy Secretary of the Treasury Wally Adeyemo warned about the risks posed by non-U.S. stablecoin issuers that use the U.S. dollar as backing. Adeyemo argued that foreign stablecoin issuers are obliged to implement robust procedures preventing bad actors from misusing their stablecoins, and should not enjoy the privilege of banking on...Read full story at Coin Edition >

VC Spectra’s Rally: The Next Big Thing After Solana and XRP’s Surge?

VC Spectra (SPCT) signifies a transformative shift in traditional asset management and trading among the DeFi companies. With Solana (SOL) and XRP witnessing notable upswings, attention now pivots to VC Spectra (SPCT), acclaimed as the upcoming major player in the realm of digital assets. Let’s delve into the groundbreaking innovations it brings to the forefront....Read full story at Coin Edition >

Ether Price Thrives With 60% YTD, While NFTs Face a 45% YTD Downturn

According to CoinGecko, the price of Ether is up by 60% year-to-date (YTD) as of this writing, benefiting from a market-wide price rally. However, ForkastLabs’ 500 NFT index, which measures the valuation of the top 500 NFTs, reveals that the overall valuation of non-fungible tokens (NFTs) has dropped by approximately 44.82% YTD.  Concurrently, data aggregator...Read full story at Coin Edition >

PEPE Bulls Struggle To Reverse Trend Amid Growing Selling Pressure

RSI and MACD indicators suggest a continued short-term bearish trend for PEPE/USD. Market cap and trading volume for PEPE drop during retracement, signaling reduced investor interest. PEPE (PEPE) faces bearish pressure as the price dips 2.68% in 24 hours, testing support at $0.000001054. Pepe (PEPE) witnessed a retracement during the last 24 hours, with its...Read full story at Coin Edition >

XRP Community is Engaging in Conspiracy Theory: Charles Hoskinson

Cardano founder Charles Hoskinson has reiterated that several XRP community members are embarking on a conspiracy theory campaign against Ethereum’s Co-Founder, Joseph Lubin. According to Hoskinson, many XRP supporters believe Lubin bribed the Securities and Exchange Commission (SEC) to go after XRP to eliminate competition for Ethereum. Hoskinson made the recent statement via a post...Read full story at Coin Edition >

ETF Approval Priced In? Not Until BTC Sees $90K, Says One Analyst

X user Plan B, known as the creator of the Bitcoin Stock to Flow model, has raised a salient question about the current state of Bitcoin’s price. The tweet, directed at Eric Balchunas, senior ETF analyst at Bloomberg, suggests a misalignment between the anticipated approval odds of a spot Bitcoin ETF and the current market...Read full story at Coin Edition >

Sei (SEI) Price Prediction 2023-2030: Will SEI Price Hit $1 Soon?

What is Sei (SEI)? Built upon a layer-1 blockchain architecture using the Cosmos SDK framework, the SEI network is tailored specifically for high-frequency trading applications. The Twin Turbo Consensus enables the network to process transactions at lower transaction costs and at industry-leading throughput. The company behind the SEI network, SEI Labs announced the launch of...Read full story at Coin Edition >

Robinhood Shares Plans to Launch in the UK: Third Time Lucky?

The online trading and investment platform Robinhood shared on its official X page today that it will be making its way to the United Kingdom (UK) in early 2024. This will be the company’s third attempt to expand its business internationally. One of the standout features of Robinhood’s UK platform is the fact that users...Read full story at Coin Edition >

US Warns Crypto Firms: Crack Down on Illicit Finance or Exit US Market

The U.S. government claimed that they would ban cryptocurrency companies from the U.S. economy and market if they failed to report and block illicit money flows. Deputy Treasury Secretary Wally Adeyemo stated that crypto companies need to increase their efforts to curtail the flow of illicit finance. Moreover, Adeyemo added that the lack of action...Read full story at Coin Edition >

FTX Allowed To Liquidate $873M Worth of Bitwise and Grayscale Assets

FTX Trading Ltd. and its affiliated debtors are granted permission to sell or transfer their stakes in trust assets managed by Grayscale Investments, according to a recent case filed in a Delaware bankruptcy court. The digital asset management company, which was valued at an estimated $744 million on October 25, has climbed up and is...Read full story at Coin Edition >

Expert Says Ripple Not at Fault That XRP Only Grew 20% In 5 Years

Legal expert Bill Morgan has countered the view that Ripple’s monthly escrow XRP release contributed to XRP’s underwhelming price performance in the last five years. The recent conversation around XRP’s five-year-long poor performance erupted after a crypto enthusiast posted a comparison of XRP’s 2018 price with other prominent competing crypto projects. Per the image, as...Read full story at Coin Edition >

SHIB Burn Rises 900%: What Does This Mean for the Token?

The number of Shiba Inu (SHIB) tokens burned in the last 24 hours reached almost 83 million, according to data from the Shibburn website. The amount represents a 913.89% increase within the period.  SHIB burn refers to the process of removing SHIB tokens from circulation and sending them to dead wallets. The primary aim of...Read full story at Coin Edition >

IOTA Surges to 6-Month High with $100M DLT Foundation Launch

IOTA has announced the launch of the IOTA Ecosystem DLT Foundation in Abu Dhabi. This move marks a significant expansion of IOTA’s distributed ledger technology (DLT) into the Middle East. The foundation, bolstered by $100 million in IOTA digital tokens, represents a strategic effort to grow IOTA’s DLT presence in the region. The foundation’s mission...Read full story at Coin Edition >

Upbit Announces Listing of SPACE ID (ID) on Its BTC Market

The leading South Korean cryptocurrency exchange Upbit revealed in an announcement on its blog today that it will be listing SPACE ID (ID) on its Bitcoin (BTC) market. According to the blog post, traders will be able to trade ID within the next few hours. The confirmation of the upcoming listing has had a positive...Read full story at Coin Edition >

BTC Transaction Surge Causes Service Disruption in Trust Wallet

Trust Wallet, the self-custody crypto wallet provider, announced disruptions to its Bitcoin services and warned users may experience failed transactions following a surge in activity on the Bitcoin blockchain. In a post shared on X, Trust Wallet said the company is experiencing a BTC node issue caused by an increase in transactions per block on...Read full story at Coin Edition >

Judge Allows Secrecy for Jump Crypto in Terra Case

A federal judge overseeing the U.S. Securities and Exchange Commission‘s legal battle against Terraform Labs issued a mixed ruling permitting sealed document filings by crypto investment firm Jump Trading. Jump Trading subsidiary Jump Crypto Holdings was granted confidential treatment of unspecified materials based on arguments by counsel. However, Judge Jed Rakoff emphasized that the court...Read full story at Coin Edition >

ETH to $3,000? Here’s What the Technical Outlook Suggests

Crypto analyst Altcoin Sherpa told his 198,900 X followers that the price of Ethereum (ETH) would reach $3,000 in the next few months. Sherpa, who sounded confident of his prediction, referred to ETH’s historical price action. In backing up his point, the analyst noted that the ETH price has not closed above $2,200 in about...Read full story at Coin Edition >

BIGTIME and STMX Enter South Korean Crypto Market via Bithumb

The popular virtual assets BIGTIME and STMX have landed in the South Korean crypto market via a leading local crypto exchange, Bithumb. In an official post, Bithumb announced that users could trade both tokens starting November 30 via the supported ERC-20 network. Big Time is a multiplayer action RPG gaming platform where players can enjoy...Read full story at Coin Edition >

LUNC Price Could Rise to $0.0002 as Technical Indicators Align

Terra Classic (LUNC) has experienced a meteoric rise over the past month. CoinMarketCap data indicated that the cryptocurrency’s value has risen a remarkable 83% in the last 30 days. The bulk of this surge was recorded during the last 7 days, a period which saw LUNC’s value climb more than 61%. At press time, technical...Read full story at Coin Edition >

Binance, OKX, Bitfinex Are the Top 3 CEXs by Digital Assets Held

Data from DefiLlama, a blockchain data aggregation platform, shows that the top three centralized exchanges (CEXs) by assets held are Binance, OKX, and Bitfinex. As posted by Lookonchain on X (formerly Twitter), the smartmoney on-chain platform, the total digital assets held by Binance amount to $66.917 billion. OKX holds $12.413 billion, while Bitfinex holds $11.746...Read full story at Coin Edition >

Changpeng Zhao Intends To Invest Crypto in Biotech to Foster Research

Changpeng Zhao, the former CEO of Binance, has hinted at his initiative to explore the wider space of decentralized science (DeSci). In his recent tweet, Zhao unveiled his thoughts on the ways in which crypto and biotechnology could go hand in hand. Shedding light on his potential step to invest cryptocurrencies in biotechnology to “accelerate...Read full story at Coin Edition >

Dogecoin-Funded DOGE-1 Moon Mission Gets Regulatory Approval

Dogecoin’s goal of having a physical copy of its token sent to the moon received regulatory approval for its space mission. This move, which underscores growing developments within the meme coin’s ecosystem, has since observed excitement ripples through its community. In a recent post on X, Samuel Reid, CEO of Geometric Energy Corporation, confirmed the...Read full story at Coin Edition >

An Interview of Web3 Insights and Future Initiatives With Akif Seyhan, Regional Growth Lead at Deepcoin

A cryptocurrency derivatives contract is one of the ways investors can benefit from the crypto market without owning the asset itself. With more than just one option, cryptocurrency derivatives enable traders to execute advanced trading strategies using leverage. Akif Seyhan, regional growth lead at Deepcoin, shares invaluable insights into the Deepcoin exchange’s transformative journey within...Read full story at Coin Edition >

Terra Luna Classic (LUNC) Price Prediction 2023-2030: Will LUNC Price Hit $0.001 Soon?

Terra is an open-sourced blockchain project built to enhance the development of following-generation products and services. Its native token, called before its market implosion in May 2022, is now rebranded to Terra Classic and denoted with LUNC. Terra Classic investors are bullish, and the return on their investment has been over 19 times in the...Read full story at Coin Edition >

Analyst Predicts Ethereum to Peak $28,000 Pushed by ETF Approval

Blackrock’s Ethereum spot exchange-traded-fund filing continues to drive excitement through the crypto community as investors expect the move to push the digital asset’s price up.  In a recent video, Aaron Arnold, the host of the crypto channel Altcoin Daily, noted these bullish potentials. According to the analyst, Blackrock’s ETF approval will be the demand shock...Read full story at Coin Edition >

Cristiano Ronaldo’s Partnership with Binance Results in a Lawsuit

Footballer Cristiano Ronaldo has been sued by three investors for promoting Binance’s unregistered sale of securities. The investors allege that Ronaldo has been responsible for their losses as his promotions prompted them to invest in Binance. The complaint claims that Ronaldo should have known about Binance’s sale of unregistered securities. Portuguese footballer Cristiano Ronaldo has...Read full story at Coin Edition >

New Data: Bitcoin 30-Day Volatility Trends Lower Than Nasdaq, S&P 500

A surprising development has been observed in the crypto market trends, particularly for Bitcoin, against traditional assets. In a recent tweet, prominent market intelligence firm IntoTheBlock highlighted the unexpected twist in the Bitcoin market regarding its month-long volatility trend. According to IntoTheBlock’s analysis, the 30-day average intra-day move for Bitcoin, which is a measure of...Read full story at Coin Edition >

Trapped LUNC Price Shows Signs of Life; Could a 30% Surge Be Ahead?

The cryptocurrency world is buzzing with the recent upsurge of Terra (LUNC), as a significant rally has sparked interest and speculation among market observers. This surge, attributed to a series of strategic moves within the Terra ecosystem, showcases a notable recovery in LUNC’s value. Strategic Investments and Token Burns Drive Momentum A critical factor in...Read full story at Coin Edition >

How Smart Investors Make Money with Bitcoin 24 Hours a Day, 7 Days a Week ($200+/day+)

In the fast-paced world of cryptocurrencies, simplicity and profitability are key. For beginners seeking an attractive option for generating stable income with minimal effort, cloud mining provides an appealing choice. In this article, we will explore the concept of cloud mining, with a special focus on SuNMiner as the leading platform to kickstart your journey towards...Read full story at Coin Edition >

Grayscale Reports 24% Growth Sector Tracking NFTs, Web3 Games

In a recent report, Grayscale noted that its Consumer and Culture Crypto Sector saw significant growth alongside major cryptocurrencies like Bitcoin. Crypto applications covered in the sector include entertainment, music, media, collectibles, sports, and art. Grayscale reported a 24% month-to-date growth in the sector as of November 27, 2023. The upward surge coincides with increased...Read full story at Coin Edition >

Chainlink (LINK) Surges Over 5% on Staking Upgrade Enthusiasm

Chainlink (LINK) has recently witnessed a notable market value surge following the launch of its staking v0.2 priority migration. This upgrade, a significant stride in Chainlink’s ecosystem, introduces enhanced stakeholder flexibility, robust security measures, and a dynamic rewards system. Consequently, LINK, Chainlink’s native token, has seen a bullish trend, with market analysts predicting a potential...Read full story at Coin Edition >

Crypto Community Divided Over Security Designation of XRP

X user Joe Sho and crypto lawyer Bill Morgan debated the legal status of Ripple’s XRP. Sho, in a tweet, expressed uncertainty about the legal clarity surrounding XRP, prompting a response from Morgan that sheds light on the intricacies of the matter. “I think there is, definitely, Joe. Only some Bitcoin maxis who can’t read...Read full story at Coin Edition >

CFTC Probes Bybit, Seeks Coinbase’s Support for Account Details

The Commodity Futures Trading Commission (CFTC) has recently launched an investigation against the crypto exchange Bybit. The matter came to light following a subpoena the regulators sent to Coinbase seeking information about Bybit users and transaction details. Coinbase customers who have had interactions with Bybit received an email from Coinbase, as notified by a user...Read full story at Coin Edition >

A Cardano (ADA) to $3 Prediction? Can It Break $0.40 First?

Despite the recent recovery of the crypto market, Cardano (ADA) has not been able to breach the $0.40 region. According to the ADA/USD 4-hour chart, the inability of the cryptocurrency to build on its 3.71% 24-hour increase was because of selling pressure. Initially, ADA’s momentum had turned bullish after buyers made a way for a...Read full story at Coin Edition >

ENS Developer Nick Johnson Moves $1.71M Worth of ENS to Binance

A wallet associated with Nick Johnson, the lead developer of Ethereum Name Service (ENS), deposited 200,000 ENS to the Binance exchange on November 28, as reported by the on-chain analysis platform, Lookonchain. Lookonchain shared a post on X (formerly Twitter), revealing that Johnson deposited 200,000 ENS, valued at $1.71 million at press time, to Binance....Read full story at Coin Edition >

Binance Not Authorized to Operate in the Philippines: SEC

The Securities and Exchange Commission in the Philippines announced on Tuesday that the world’s largest cryptocurrency exchange, Binance, is not authorized to operate in the country. The regulator made the disclosure in a blog post where it noted that the crypto exchange has a considerable presence in the country. Based on the report, Binance allegedly...Read full story at Coin Edition >

Binance.US Asserts Separate Operations From Binance Amid SEC Scrutiny

Binance.US, the American arm of Binance, came to X on Tuesday to clarify their independent operation from their parent company. The message, intended for their community, explains that Binance.US was launched to cater to the United States market and thereafter follows the country’s rules and regulations. This announcement coincided with the Securities and Exchange Commission’s...Read full story at Coin Edition >

Crypto Whale Transfers Over 32M XRP To Bithumb Crypto Exchange

Whale Alert, blockchain tracker and analytics system for reporting whale crypto transactions, reported that an XRP holder recently transferred 32,078,901 XRP, equivalent to $19,557,285, from an unknown wallet to the Bithumb crypto exchange. Transactions of such magnitude are considered whale transactions and are usually suspected to be intentional. Notably, the transaction’s details on Whale Alert’s...Read full story at Coin Edition >

Solana (SOL) Eyes a $60 Retest But Here’s What It Requires

Solana (SOL) tapped $58.47 again after the altcoin followed the upward direction of the broader market on November 28. This increase could be attributed to Bitcoin’s (BTC) initial jump above $38,000 on the same day. While Bitcoin has retraced from the said value, SOL was once again the top gainer out of all the top...Read full story at Coin Edition >

Bitcoin Exchange Supply Drops to 5.38%, Lowest Since December 2017

Bitcoin‘s supply on exchanges has continued to move into self-custody as “exchange reputation continues to diminish,” according to Santiment, the market intelligence platform with on-chain and social metrics. At the same time, the on-chain market analytics platform also reported that the ten largest Tether exchange wallets hold $15.23 billion, pushing the exchange buying power to...Read full story at Coin Edition >

AI Token Market Sees 200% Surge in Trading Volume, Crossing $3B

Over the past six weeks, there has been an outstanding increase in the cumulative weekly trading activities of cryptocurrency projects that focus on artificial intelligence. In a recent tweet, Kaiko, a well-known on-chain analytics firm, disclosed that the trading volume of AI-related crypto assets has been on a sustained surge since mid-October. Kaiko noted that...Read full story at Coin Edition >

Crypto Forensic Investigator Calls for Urgent Attention to DeFi Risks

A Certified Cryptocurrency Forensic Investigator (CCFI), Kyla Curley, has recently highlighted a critical gap in the current regulatory frameworks concerning decentralized finance (DeFi). Curley commented on DeFi regulation in a recent interview with CNBC. Specifically, Curley expressed concern about the lack of adequate regulation for DeFi. She emphasized that existing regulatory frameworks, both in the...Read full story at Coin Edition >

Crypto Analyst Considers the CFTC and Coinbase Move Illegal

Crypto trader Martin Folb, commonly known as MartyParty, shared that the Commodity Futures Trading Commission (CFTC) seeks information on subscriber behavior to “prove something” about the Bybit crypto exchange. He claimed that the regulator is going through Coinbase to gather users’ data that could support its case against Bybit, a non-U.S.-based crypto exchange. Folb explained...Read full story at Coin Edition >

Memes on The Slide: DOGE, SHIB, PEPE, FLOKI and MEME Show Weakness

Led by Dogecoin (DOGE), the memecoin market has not had a good show since the start of November. For instance, DOGE’s value in the last 30 days has decreased by 3.70%, according to data from CoinMarketCap. Others like Memecoin (MEME), Floki (FLOKI), Shiba Inu (SHIB), and Pepe(PEPE) have also seen their prices slip within the...Read full story at Coin Edition >

Injective Token (INJ) Price Prediction 2023-2030: Will INJ Price Hit $50 Soon?

Bullish Injective Token (INJ) price prediction ranges from $25 to $30. Analysis suggests that the Injective Token price might also reach above $35. The Injective Token bearish market price prediction for 2023 is $1.5. If you want to diversify your holdings and get experience with different cryptocurrencies, there are several alternative digital currencies to explore...Read full story at Coin Edition >

USTC and Terra Classic (LUNC) Prices Plummet, What’s Next?

After initially making double-digit increases on November 27, the prices of Terra Classic (LUNC) and Terra Classic USD (USTC) have tumbled. At press time, USTC, which is the algorithmic version of the now-collapsed TerraUSD (UST) stablecoin, plunged by 42.97% in the last 24 hours. LUNC, like its sister cryptocurrency, fell by 23.51%, according to press...Read full story at Coin Edition >

Charles Hoskinson Outlines Cardano’s Vision and Governance Plans

In a recent AMA session, Charles Hoskinson, founder of the Cardano blockchain and reputed member of the cryptocurrency community, highlighted recent developments and strides on Cardano.  During the unexpected AMA on Sunday, Hoskinson reiterated that the Cardano blockchain is still on the right path. According to the founder, the blockchain has grown since its 2021...Read full story at Coin Edition >

Solana (SOL) and Cardano (ADA) Face Uncertainty as Prices Retrace

Solana (SOL) has been downward for the last 24 hours after failing to break through the 24-hour high of $59.65. As a result, bears have grabbed control of the market, driving SOL’s price to an intraday low of $53.33 before regaining support and stabilizing around the $55 level at press time. The price drop has...Read full story at Coin Edition >

ETFs Like Blackrock Are Responsible for BTC Mining Hash Rate Surge: Expert

Recently, the creator of the Bitcoin Stock-to-Flow (S2F) model, known by the X username “PlanB,” shared insights into Bitcoin’s surging mining hash rate, arguing the involvement of significant asset managers like BlackRock. According to PlanB, financial institutions seeking Bitcoin exchange-traded funds (ETFs), such as BlackRock, are adopting a front-loading acquisition strategy. He claimed these institutional...Read full story at Coin Edition >

Journalist Highlights Binance’s Recent Approach to Token Listings

The world’s leading cryptocurrency platform, Binance, appears to have adopted a different approach to listing tokens and making them available to users on its platform. Noting these changes, reputed crypto media Wu Blockchain, in a recent tweet on X, highlighted a number of tokens listed on the crypto exchange for futures but not for spot...Read full story at Coin Edition >

BitMEX Co-founder Slams Government Treatment of CZ and Binance

In a recent blog post, former CEO of crypto exchange BitMEX Arthur Hayes delves into the extraordinary rise and fall of Changpeng Zhao (CZ), the former CEO of Binance. Hayes highlights the controversial $4.3 billion fine imposed on the largest crypto exchange. According to Hayes, CZ emerged from anonymity to become one of the richest...Read full story at Coin Edition >

FTT Dips Amid FTX’s Troubles as LUNC Faces Steep Correction

The FTX token (FTT) has dropped significantly in the past 24 hours, with the price dipping from an intra-day high of $3.94 to an intra-day low of $3.44. The token’s price, presently $3.56, has dropped 4.49% from the day’s high. The ongoing bankruptcy proceedings of FTX accompany this downward trend, casting doubt on the token’s...Read full story at Coin Edition >

Solana-Based Meme Coin Bonk (BONK) Now Available for Trading at KuCoin

Bonk (BONK), the first dog-themed coin on the Solana network, has proudly announced its official listing on KuCoin, the sixth largest crypto exchange, as per CoinMarketCap. The meme coin’s trading pair, BONK/USDT, is open for deposits via the SOL network, with its live trading in full swing as of press time. KuCoin will also officially...Read full story at Coin Edition >

John Deaton Explains Why SEC Can’t Call Digital Assets Securities

In a recent post on X, John Deaton revisited an old post of his on why digital assets cannot be regarded as securities. His post follows a video by Cardano founder Charles Hoskinson, expressing his frustration with the U.S. Securities and Exchange Commission’s application of the investment contract theory.  In a thread posted in April,...Read full story at Coin Edition >

Polygon (MATIC) Distribution Jumps: Is Price About to Drop?

Despite hitting close to $1 in mid-November, the price of Polygon (MATIC) has decreased to $0.73. This value represents an 8.25% decrease in the last seven days, according to CoinMarketCap data.  The decline in MATIC’s price mirrors the trend observed in other altcoins. Furthermore, there are factors suggesting the possibility of further declines. Smart money...Read full story at Coin Edition >

CZ Drops a ‘4’ on Report That He Is Banned From Leaving U.S.

Amidst his legal worries, Binance founder and former chief executive officer Changpeng Zhao continues to maintain his presence on social media platforms, having recently posted about his resignation from the exchange.  Earlier today, blockchain news platform Watcher.Guru reported that a U.S. Judge forbade Zhao from leaving the U.S. before sentencing. However, Calvin Cheng, Serbia’s consul...Read full story at Coin Edition >

XRPL Multi-Currency Wallet Could Cost $15 Per Customer: XRPL Dev

In a recent X post, Jaskaran Kambo, founder of the XRPL-based crypto payment app SpendTheBits, highlighted the challenges in achieving the retail adoption of XRP.  Referencing a June post from a prominent XRP community member, Kambo explained that running a multi-currency wallet is expensive.  “Activating a multi-currency (BTC, CAD, USDC) wallet comes with an approx....Read full story at Coin Edition >

Klever Gains $20M Funding from GEM Digital to Democratize Finance

The peer-to-peer blockchain Klever proudly marks a groundbreaking milestone in its network as it secures a whopping $20 million investment from GEM Digital Limited. With this investment backing, Klever’s lofty plans of developing a financial digital world where accessibility and inclusivity are well within reach. Besides that, the major funding from a crypto investment firm...Read full story at Coin Edition >

Axie Infinity (AXS) Soars to a 5-Month High: Bullish Momentum Ahead?

The cryptocurrency market is witnessing a significant surge in the value of Axie Infinity (AXS), which has recently reached a 175-day high. The momentum began with a breakout from a descending resistance trend line on October 21, marking a notable shift in the digital asset’s trajectory. Since then, AXS has seen a rapid increase in...Read full story at Coin Edition >

These 3 Altcoins May Surge as BTC Continues Its Upward Trajectory

Renowned cryptocurrency trader and analyst Michaël van de Poppe shared in his latest video that Bitcoin (BTC) is currently facing a “pivotal resistance” level. According to the analyst, there is some “serious momentum” as a result of the exchange-traded fund (ETF) hype, which could see the market leader rise to as high as $40K-$45K. Van...Read full story at Coin Edition >

Will Shiba Inu (SHIB) Repeat Its Historical December Performance?

For the past three years, Shiba Inu (SHIB) holders have found it difficult to be in celebratory mode in December. According to CoinMarketCap, when SHIB tapped its all-time high (ATH) of $0.000080 around October 2021, the price tanked until it reached $0.000030 in December. Fast forward to 2022, it was not any better. Although affected...Read full story at Coin Edition >

Analysts Debate Bitcoin’s Next Move: Bullish Surge or Bearish?

In a recent episode of the Thinking Crypto podcast, host Tony Edward delved into the current state of the crypto market, focusing on Bitcoin‘s impending move. The discussion centered around whether Bitcoin will experience a bullish surge or face a bearish downturn, with various analysts offering insights. The host cited comments of Adrian Zduńczyk, founder...Read full story at Coin Edition >

XRPL Adoption By Banks Is Inevitable: Ripple Partner

Ripple recently secured a partnership with HSBC, a major global bank. Metaco’s CEO stressed the indirect correlation between Ripple’s success and XRPL’s. HSBC’s decision to partner with Ripple is not solely tied to Ripple’s acquisition of Metaco. Ripple has recently established a partnership with HSBC, one of the world’s largest banks. Many perceive this collaboration...Read full story at Coin Edition >

Crypto Analyst’s Weekly Watchlist: LINK, ATOM, DYDX, FXS, and More!

Cryptocurrency analyst ‘The DeFi Investor’ shared in an X post on Sunday what to expect in the world of decentralized finance and crypto. The analyst hinted at a busy week for crypto assets, protocols, or platforms such as Chainlink, Cosmos, dYdX, Frax, Sui, Vertex, and Empyreal. The DeFi Investor highlighted network launches, crypto halvings, an...Read full story at Coin Edition >

SHIB Burn Rate Jumps 499,416% As Community Double Down on Commitment

Meme coin Shiba Inu has seen a sporadic jump in its burn rate heading into the week. According to data from the Shiba Inu burn tracker, Shibburn, the burn rate jumped by 499,416% in the last 24 hours, indicating a surge in the number of SHIB tokens taken out of circulation.  Notably, the data reported...Read full story at Coin Edition >

Huge $19 Million Solana (SOL) Transfer Sparks Dumping Fears

Dumping fears are spiking within the cryptocurrency community after a whale moved a huge amount of Solana (SOL) tokens to an exchange. The whale tracking platform Whale Alert posted on X this morning that 336,999 SOL was transferred from an unknown wallet to Coinbase. The transferred tokens were worth about $19,100,615. Judging from most of...Read full story at Coin Edition >

Futureverse CEO Claims rXRP:XRP 1:1 Backing on The Root Network

According to Aaron McDonald, the founder and CEO of Futureverse,  developer of The Root Network, all rXRP tokens on the Root Network are backed 1:1 by XRP tokens on the XRP Ledger (XRPL). He noted this in a post on X (formerly Twitter) while responding to a user who sought clarification over the recent airdrop...Read full story at Coin Edition >

Tron Overtakes BTC in Transactions Linked to Terrorist Funding

The Tron Network (TRON) has emerged as the go-to network for Iran-backed militant groups, including Hamas, according to a Reuters report. Tron has overtaken Bitcoin (BTC) as a platform for transfers associated with groups designated as terror organizations by Israel, the U.S., and other countries, according to Reuters interviews with seven financial crimes experts and...Read full story at Coin Edition >

Former Binance CEO Changpeng Zhao Faces Potential 10-Year Sentence

A recent filing in the legal case against the former CEO of Binance, Changpeng Zhao, revealed that Zhao could face a substantial prison sentence of up to 10 years. On November 24, the prosecutors claimed that Zhao voluntarily appeared in the U.S. to face justice. The court stated that Zhao was allowed to remain free...Read full story at Coin Edition >

BTS, PERL, and TORN Crash After Binance Delisting Announcement

Binance, the largest cryptocurrency exchange by trading volume, announced it would delist four digital assets, BTS, PERL, TORN, and WTC, from its platform on Thursday, December 7, 2023. In a blog post, the top crypto exchange noted that the delisting exercise is part of its regular review process to check that tokens listed on the...Read full story at Coin Edition >

Ripple CTO Says Even Arts Qualifies as Security Per SEC’s Definition

Ripple Chief Technology Officer David Schwartz recently stated that a broad range of assets could qualify as securities under the U.S. Securities and Exchange Commission’s investment contract test, echoing growing demand for changes to the securities law in the country. The investment contract test, also known as Howey’s test, is what the SEC uses in...Read full story at Coin Edition >

LUNC Soars to 3-Month High Post USTC’s Explosive Rally

TerraClassicUSD (USTC) has witnessed a significant surge, climbing over 160% within 24 hours. This surge, driven by a strategic investment by Terra Classic Labs (TCL), has had a cascading effect on Terra Classic (LUNC), sparking enthusiasm about a potential recovery in the cryptocurrency market. TCL’s acquisition of 25.6 million USTC, valued at around $500,000 at...Read full story at Coin Edition >

Charles Hoskinson Reveals Cardano’s Robust Growth and Future Plans

In a recent AMA session, Charles Hoskinson, founder of the Cardano blockchain and reputed member of the cryptocurrency community, highlighted recent developments and strides on Cardano.  During the unexpected AMA on Sunday, Hoskinson reiterated that the Cardano blockchain is still on the right path. He added that recent developments have boosted applications and NFTs on...Read full story at Coin Edition >

Binance Plans To Delist BTS, PERL, TORN, and WTC on December 7

Binance, the largest cryptocurrency exchange by trading volume, announced it would delist four digital assets, BTS, PERL, TORN, and WTC, from its platform on Thursday, December 7, 2023. In a blog post, the top crypto exchange noted that the delisting exercise is part of its regular review process to check that tokens listed on the...Read full story at Coin Edition >

The SEC Needs To Consult With Crypto Industry Stakeholders: Opinion

Co-founder and CEO of, Cuautemoc Weber, has suggested a solution for the U.S. Securities and Exchange Commission (SEC) if its goal is to create a framework that safeguards investors while promoting responsible growth within the crypto industry. According to Weber, the regulator would need to consult with industry stakeholders who want the crypto space...Read full story at Coin Edition >

Why (Ripple) XRP May Be on the Verge of Falling Below $0.60

According to Whale Alert, a whale has transferred 25.5 million Ripple (XRP) tokens worth $15.72 million to the Bitstamp exchange. This transfer, which happened in the late hours of November 26, is just one out of the series of XRP transactions involving whales in recent times. A few days ago, Whale Alert reported a transaction...Read full story at Coin Edition >

Paris Blockchain Week 2024 To Host Cutting-Edge Web3 Innovation

PARIS BLOCKCHAIN WEEK, the leading blockchain and Web3 event organiser, announced how the 5th edition (8-12 April 2024) at the Carrousel du Louvre in Paris, France, is shaping up.  Signifying the growth of the blockchain and Web3 industry, Paris Blockchain Week 2024 will be a three-day event focusing on cutting-edge industry content, rockstar keynote speakers...Read full story at Coin Edition >

Terra Classic Community Efforts Fuel Bullish Rise for LUNC and USTC

Terra Classic community members during the weekend were in high excitement as recent efforts from the community to bolster LUNC and USTC prices finally paid off. LUNC and USTC added incredible gains in their prices and surpassed major cryptocurrencies since that period and into the new week. Indeed, stablecoin USTC was the clear leader as...Read full story at Coin Edition >

Circle Partners With SBI Holdings to Promote USDC Circulation in Japan

USDC issuer Circle has announced its partnered venture with SBI Holdings, the financial services company based in Tokyo, to promote the circulation of USDC and the establishment of Web3 services in Japan. As per a press release, the strategic alliance was initiated with the companies signing a memorandum of understanding (MOU), envisioning redefining the financial...Read full story at Coin Edition >

Finance Minister and Minister of State for Electronics & IT Unveil the Next Chapter of India’s Technological Transformation at DATE 2023

India’s newest & already being celebrated as the most impactful Digital Acceleration and Transformation Expo (DATE) was inaugurated by the Honourable Finance Minister Smt. Nirmala Sitharaman, and joined by Honourable MP Shri Tejasvi Surya, Shri Yaduveer Krishnadatta Chamaraja Wadiyar, Maharaja of Mysore & Chairman of Cyberverse Foundation, a strategic partner of DATE, Maharaj Saheb Mandhatasinh...Read full story at Coin Edition >

Terra Luna Classic (LUNC) Price Prediction 2023-2030: Will LUNC Price Hit $0.0002 Soon?

Terra is an open-sourced blockchain project built to enhance the development of following-generation products and services. Its native token, called before its market implosion in May 2022, is now rebranded to Terra Classic and denoted with LUNC. Terra Classic investors are bullish, and the return on their investment has been over 19 times in the...Read full story at Coin Edition >

Solana’s USDC Volume Hits $850 Billion: To Give SOL a Push?

According to Jeremy Allaire, Solana’s (SOL) volume involving the USDC stablecoin has reached $850 billion on a Year-To-Date (YTD) basis. Allaire, who is the co-founder and CEO of Circle, the firm in charge of issuing the USDC coin, made this known in a post on X. The Circle CEO noted that the transaction volume was...Read full story at Coin Edition >

Bitcoin Mining Hits Record Difficulty: 5.07% Increase at Block 818,496

The Bitcoin network has recently hit a significant milestone regarding the difficulty level of mining a new block. In particular, according to statistics from Bitcoin Blockchain Explorer, BTC experienced a mining difficulty adjustment at block height 818,496. This adjustment has increased the mining difficulty by 5.07%, reaching a new high of 67.96 tera-hashes per second....Read full story at Coin Edition >

Ripple (XRP) Whales Are At It Again: Time for a Yearly High?

Whales have purchased around 11 million worth of Ripple (XRP) in the last seven days, Crypto analyst Ali Martinez disclosed. Martinez, who shared the data from on-chain analytic platform Santiment, noted that the value of these tokens was around $6.82 million. Typically, when these whales accumulate in large numbers, it signals a shift in market...Read full story at Coin Edition >

Cosmos’ ATOM Inflation Rate Reduction Proposal Receives Green Signal

According to recent reports, the Cosmos community has agreed with the proposal to reduce ATOM’s inflation rate to 10%, with a majority of 41.1% supporting the scheme. The proposal intends to limit the inflation rate of ATOM from 14% to 10%, which in turn brings the Staking APR from 19% to 13.4%. Chinese crypto reporter...Read full story at Coin Edition >

Optimism’s Weekly Trading Volume Surges 1500%+, Reaches $344.98M

According to the latest revelations, the decentralized exchange (DEX) trading activity on Optimism, the layer 2 scaling solution built on Ethereum, has surged to the $300 million range. Colin Wu, the Chinese crypto reporter of Wu Blockchain X page, shared a post highlighting the substantial increase in the trading activity of Optimism DEX. Data from...Read full story at Coin Edition >

Square Enix To Launch First ETH NFT Game Symbiogenesis 500 Characters

Square Enix is launching its first Ethereum-based NFT game, Symbiogenesis. The game’s character auction will be held in three stages starting November 27. The three-wave distribution will see ten characters in the first, 90 in the second, and 400 in the third and final waves. Square Enix, renowned for its iconic video game franchises like...Read full story at Coin Edition >

Why ApeCoin’s(APE) NFT Narrative May Help Its Rise to $1.90

APE’s price jumped by 17%, with an analyst suggesting a breakout for the token. APE retraced to $1.65 but bulls’ presence may help its recovery toward $1.90. If the overbought condition leads to a reversal, then an entry could appear around $1.60. According to crypto analyst Crypto Kaleo, ApeCoin (APE) may soon break out because...Read full story at Coin Edition >

FTX Token (FTT) Surges 276%: Is Another Upward Move Brewing?

Demand for FTT increased after the U.S. DOJ sanctioned Binance, leading to a 30-day high. With strong support at $2.94, FTT may retest $4.76 if sellers halt profit-taking. The 9 EMA needs to crossover the 20 EMA to confirm the short-term uptrend. The value of FTX Token (FTT) has increased by 276% in the last...Read full story at Coin Edition >

ETH Whale Transfers 20K Tokens After 3 Years of Dormancy

According to Lookonchain, an ICO participant transferred 20,000 ETH after three years of dormancy. The user also deposited 10 ETH on Kraken, according to the smartmoney platform. The timing of the transfer spotted by Lookonchain coincides with Ethereum’s recent rally. According to Lookonchain, the smartmoney on-chain platform, an Ethereum ICO participant transferred 20,000 ETH, worth...Read full story at Coin Edition >

SEC’s Attempt to Build Monopoly for Ethereum Still in Question

Mr. Huber questioned Ethereum’s contrasting perspectives on the notion of monopoly. Ethereum refuted the SEC’s alleged preference for the blockchain network. The contrasting stance was exposed when Ethereum highlighted DTCC’s monopoly. Mr. Huber, a renowned sleuth on X, recently lambasted the leading blockchain network Ethereum’s contrasting comments on the concept of “monopoly”. According to his...Read full story at Coin Edition >