Ripple (XRP) has continued to rise, with a strong buying trend keeping it around the $0.5235 level. This surge can be attributed to several factors, including the overall bullish trend in the cryptocurrency market. Positive news, such as the partnership between Ripple and the Moroccan central bank for CBDC development, has also…

Ethereum (ETH) staking has been flourishing through protocols like Lido and Coinbase’s staking service even as the value of DeFi assets continues to decline.Over the past year, the crypto sector has experienced a series of setbacks, including failures of centralized crypto exchanges and services, which has also led to capital outflows from…

A bankruptcy judge has refused to determine whether CEL, the native token of Celsius, should be classified as a security, citing the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC). Otis Davis, one major CEL token order, had previously asked the judge to “recognize the legal precedent that has…

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.After five years in development, eTukTuk is entering the market with the launch of its native crypto TUK. The project’s broad, yet robust vision for the EV (electric vehicles) sector in developing economies gives it high market…

Binance has ended its relationship with five Russian banks under sanctions on the exchange’s peer-to-peer service for ruble fund transfers.Binance received criticism from The Wall Street Journal (WSJ) on August 22 for offering sanctioned Russian banks like Tinkoff and Rosbank as transfer options.This raised concerns about potential sanctions violations, as…

BitMEX co-founder, Arthur Hayes, projects an optimistic outlook for Bitcoin, especially in light of the Federal Reserve’s current monetary policies. He critiques the Fed’s efforts to control inflation, emphasizing that assets like Bitcoin, which possess a finite supply, are set to prosper. Hayes’s recent blog post delves into the Federal Reserve’s strategies,…

Speaking at the Kansas City Fed’s annual Jackson Hole economic policy symposium on Friday, Federal Reserve Chair Jerome Powell signaled the central bank is willing to continue aggressive interest rate hikes to curb high inflation.Powell put emphasis on the urgency of not letting up on bringing down inflation, currently at…

Sam Bankman-Fried’s attorneys have raised concerns regarding the measures taken by authorities for their client’s upcoming criminal trial in October. In an August 25 submission to the United States District Court for the Southern District of New York, the legal representatives argued that the measures proposed by the prosecutors were…

The US Department of the Treasury and Internal Revenue Service (IRS) on Friday released new proposed regulations that would require the brokers of digital assets to report certain sales and exchanges in an effort to crack down on tax cheats, as well as to assist law-abiding taxpayers know how much…

Crypto wallet company Exodus recorded a revenue of $12.4 million in the second quarter, experiencing a 4% decline compared to the previous year, the company announced on Tuesday.Despite the revenue dip, Exodus achieved a net income of $1.9 million, a significant outcome that was influenced by cost reductions of 6%…