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A crypto YouTube channel raised concerns about the future of the HTX exchange under the advisory of Tron founder Justin Sun. The channel compares Justin Sun to the disgraced founder of FTX, Sam Bankman-Fried. It highlighted Justin Sun’s alleged involvement in illegal activities, including wash trading and workplace harassment. A prominent crypto YouTube channel, “Discover Crypto,” has argued that the HTX exchange, under the advisory of Tron founder Justin Sun, could be the next FTX amid the alleged scandals surrounding Justin Sun. The channel host contented that Justin Sun is no different from Sam Bankman-Fried, the disgraced founder of the now-defunct FTX crypto exchange. He claimed Justin Sun is operating a giant house of cards and, therefore, a fall is imminent, just as in the case of Bankman-Fried. Notably, the channel host emphasized that it has become pertinent to elaborate on the underhand activities of Justin Sun as he is behind a multi-billi...

The West African nation, Nigeria had formally applied to join the BRICS bloc ahead of the 15th summit in August 2023. However, the alliance did not induct Nigeria but invited six new countries Saudi Arabia, the UAE, Argentina, Egypt, Iran, and Ethiopia to join the group. Argentina could be the only country to decline the BRICS membership next month and not be a part of the bloc. Read here to know why Argentina does not want to join BRICS. Also Read: Pakistan Applies To Join BRICS Alliance A handful of developing countries are now looking to enter the grouping as it provides alternative trade and financial options. BRICS is convincing developing countries to ditch the US dollar and use local currencies to strengthen their native economies. The message seems promising as it breaks away from the US domination of the financial sector. Read here to know how many sectors in the US will be affected if BRICS stops using the dollar. BRICS: Nigeria Looking To Join the Alliance In 2 Yea...

In the dynamic and ever-evolving landscape of Web3 and decentralized transactions, businesses must stay informed about the latest market trends and legal developments. As we journey into 2024, this article serves as a comprehensive guide, shedding light on the regulatory frameworks surrounding crypto, NFTs, Web3, and blockchain ventures. Furthermore, we explore the pivotal role of specialized legal entities such as Bull Blockchain Law Firm, recognized as a leading web3 lawyer , in navigating the intricacies of this emerging terrain. Market Trends in Web3 Decentralized Transactions and Real Estate The Rise of Decentralized Finance (DeFi): As we enter 2024, the decentralized finance (DeFi) sector is poised for unprecedented growth and transformation. This paradigm shift in financial services, encompassing decentralized lending, borrowing, and yield farming, is gradually disrupting traditional financial institutions. This section of the article will provide an in-depth explorati...

DUBAI, UAE, November 23rd, 2023, Chainwire BNB Chain , the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain , is highlighting the compelling growth stories of the projects that emerge from its project development program, starting with its hackathons. This comes in the wake of BNB Chain’s Istanbul Hackathon , which saw the emergence of a number of strong projects. The focus of the bear market is building quality Web3 projects - this is a time for developers to concentrate on identifying what real use cases need solving. However, quarterly funding for Web3 startups has dropped by approximately 84% this year. Against this backdrop, thousands of founders have looked to alternate ways to develop their projects to the point of launch readiness. By providing constant guidance, in addition to routinely incentivising innovation with its global hackathons, BNB Chain mentors these projects through the various stages of their developmen...

In a recent conversation with Bloomberg, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce emphasized that there’s “no reason for [the SEC] to stand in the way of a spot Bitcoin ETF.” Peirce also remained tight-lipped regarding the potential approval of a spot bitcoin exchange-traded fund (ETF). JUST IN: 🇺🇸 SEC Commissioner says "there's no reason for us to stand in the way of a Spot #Bitcoin ETF." pic.twitter.com/QARwdFRXUk — Watcher.Guru (@WatcherGuru) November 22, 2023 When asked about reported ongoing conversations between ETF issuers and SEC staff regarding spot bitcoin ETF applications, Commissioner Peirce responded, “No, again, I really can’t comment on that.” SEC’s Peirce notes that each Spot Bitcoin ETF application must be judged on its own merits Peirce noted that each application must be judged on its own merits, but said she didn’t see reasons for denying som...

Metacade’s native token MCADE has surged more than 20% in the past 24 hours and 106% this week.  The gains come amid massive interest from gamers as Metacade’s highly anticipated mainnet launch approaches. The team has announced major partnerships, highlighting its growth since the presale. A look at the charts shows that Metacade price was capped at a long time resistance near $0.007 on November 18. Today, it’s trading at double that level as it defies the negative sentiment across crypto.  MCADE looks poised for a bullish breakout amid a notable interest as Metacade takes a massive leap towards becoming one of the crypto gaming ecosystem’s largest platforms. With the team delivering on the roadmap as highlighted during its successful presale, investors are seeing value- and MCADE price has followed. Metacade price up 106% this week Metacade’s native token MCADE is soaring as the community prepares for the grand lau...

This is the best time to get into the Bitcoin trade. Cryptocurrencies are now widely accepted and they are making their way to traditional stock exchanges, with the backing of some large investors. They are easy to use and countless businesses accept them as a payment option. In this article, we’ll explain what are the best ways to buy Bitcoin and how to do it as a novice. We’ll also present you with a few options when it comes to exchanges since all of them have some unique benefits that may be useful to a specific group of investors. The Essentials  Before getting into the different exchanges and how to use them, we’ll first go over the essentials. The basic process for buying Bitcoin is the same regardless of which exchange you’re using and how much Bitcoin you’re buying. The process is done in 4 simple steps. Open an Account with an Exchange  Visit any exchange you want and set up an account on it. The process is similar to setting...

In the fast-paced world of cryptocurrency, speed is paramount. Crypto geeks are constantly on the lookout for platforms that can offer swift and efficient transactions. Enter GameStop Memes ($GSM) , a rising star in the crypto space that is challenging the transaction speed norms set by established players like Cardano and Litecoin. This article explores how GameStop Memes, operating as a presale coin, aims to redefine the speed of transactions, gaining the attention of crypto enthusiasts and investors. <> Cardano's Steady Stride: A Benchmark for Transaction Speed Cardano stands out in the cryptocurrency landscape for its impressive transaction speed. Employing a layered architecture, Cardano utilizes a two-layer protocol – the Cardano Settlement Layer (CSL) and the Cardano Computation Layer (CCL) – to enhance scalability and efficiency. This innovative approach allows Cardano to process transactions with remarkable speed, ensuring quick confirmation times for ...

Privy, the Web3 data privacy solution , is reported to have complete d a series A financing round that was led by Paradigm and participated in by Sequoia Capital and other well-known names who acted as earlier investors. On the same day, Privy announced that Huang, a former partner at Sequoia Capital, was joining the startup’s board of directors. Connecting to the blockchain Fortune’s article describes Privy as being a solution that collaborates with established companies to develop blockchain-based services that enhance their operational capabilities. In the instance of Blackbird, initiated by the founder of the reservation service Resy, independent restaurants leverage Privy’s wallet tools to engage with customers, providing regular patrons with perks and rewards. With a core objective of facilitating user connectivity to the blockchain across various devices and browsers, Privy empowers clients to decide on the incorporation of crypto-style features into th...

Even though many assets in the cryptocurrency sector have been recording advances in the past few weeks, Solana (SOL) has dipped more than 6% in a single day, diving below the psychologically important level of $60 it briefly managed to surpass and threatening to decline further. Indeed, as crypto trading expert Ali Martinez pointed out, Solana’s TD Sequential indicator has demonstrated a sell signal on the crypto asset’s weekly chart, adding that “the upcoming days could be crucial for traders eyeing profit-booking opportunities,” according to the chart pattern Analysis he posted on November 20. Specifically, as Martinez highlighted, the confirmation of the bearish formation might see Solana continue to downswing further toward the $45 price mark, potentially “even dipping to $30,” which would indicate a decline of a whopping 46.13% from its price at press time. Solana price action analysis. Source: Ali Martinez Indeed, created by market analyst Tom DeMark, TD Sequential is a te...

As digital currencies and blockchain technologies continue to evolve, the interplay between different cryptocurrencies is becoming increasingly important. In the vibrant landscape of digital assets, three names stand out for their unique roles and potential for synergy: Binance Coin (BNB), Ripple (XRP), and the Euler Network . These platforms are not isolated entities but parts of a broader, interconnected ecosystem that can drive the future of decentralized finance (DeFi). How Can Euler collaborate with BNB and XRP? BNB powers Binance with reduced fees, and XRP facilitates swift cross-border payments. Euler Network, a DeFi innovator, is weaving these strengths into its fabric. It can leverage BNB's utility for cheaper, incentivized transactions and XRP's speed for seamless interoperability. This integration will set Euler apart - marrying Binance's extensive reach and Ripple's financial networks within a versatile DeFi ecosystem. The alliance with Euler will...

HongKong, HongKong, November 20th, 2023, Chainwire In a strategic move to capitalize on the surging BRC20 market, LBank, a leading cryptocurrency exchange, has pioneered the BRC20 Index, setting a new standard for investors seeking exposure to the dynamic cryptocurrency landscape. Inscription Takes Off, LBank Pioneers BRC20 Index Amidst a significant surge in the inscription market, with BTC briefly touching the $38,000 mark, LBank has emerged as an industry trailblazer by introducing the BRC20 Index. This groundbreaking move aims to accurately reflect the trends of the BRC20 sector, empowering investors to navigate and invest more effectively in this rapidly evolving industry.  Embracing the BRC20 Trend The launch of the BRC20 Index by LBank aligns with the robust rise in the cryptocurrency market, especially in the BRC-20 area, which has garnered substantial attention. Notably, the daily minting number of Bitcoin ordinal inscriptions recently hit a record 505,000, marking a new m...

THORChain (RUNE) faces bearish pressure as prices dip to $5.44. Keltner Channel bands signal bearish pressure, but bullish candlestick patterns hint at a potential market mood shift for RUNE. RSI’s rise above 50 suggests growing buying strength in RUNE’s market. In the previous 24 hours, the THORChain (RUNE) market has been dominated by bears, with prices witnessing a significant downward trend. As selling pressure remains stronger than buying demand, bullish efforts to recoup have been met with substantial resistance. RUNE’s downward trend remained in control, with prices trading hands at $5.44 at press time, a 0.80% drop from the intraday high of $5.58, according to CoinStats. If the bearish trend breaks through the intraday low of $5.40, it might lead to additional selling pressure, with the next support level at $5.20. However, if bulls retake the intraday high and push prices above $5.58, it might signal a possible reversal in the ne...

On-chain sleuth ZachXBT says an alleged North Korean cybercriminal might be behind the attack against Indexed’s treasury. A cybercriminal allegedly associated with DPRK initiated a hostile proposal on Nov. 18, targeting the remnants of Indexed Finance. This defunct decentralized protocol for passive portfolio management on Ethereum (ETH) suffered a $16 million attack in 2021. Hi everyone, There's currently an ongoing hostile governance attack taking place against the remnants of the Indexed Finance treasury – 36K in DAI and approx. 48K in NDX before slippage. I never thought I'd have to post about Indexed governance again (it's been two years since… pic.twitter.com/mUUVMDnq4Q — laurence (@functi0nZer0) November 18, 2023 According to an Indexed Finance team member, Laurence Day, the hacker initiated a proposal seeking to get control over the protocol’s treasury, holding $36,000 in DAI and nearly $48,000 in NDX, a governance token for Indexed Fi...

This week, the crypto community erupted when a fake BlackRock XRP ETF filing surfaced; regulators are still indecisive on ETF filings; Elon Musk’s “thermonuclear” lawsuit earns praise from InputOutput; and institutional adoption remains sustained . Fake BlackRock XRP ETF filing The XRP community was thrown into excitement when a filing for a BlackRock iShares XRP Trust made its way to the Delaware ICIS on Nov. 13. The discovery triggered an XRP rally to $0.73. However, the asset was dumped immediately when several industry commentators such as Bloomberg ETF analyst Eric Balchunas confirmed that the filing was fake. Shortly after reports of the fake filing surfaced, the Delaware State Department reported the case to the state’s Department of Justice (DoJ). SEC postpones decision on ETF filings The SEC once again postponed making a decision on crypto-focused ETF filings. The securities regulator deferred its decision on Hashdex’s application for a spot ...

A leading blockchain analytics firm says whales are accumulating Bitcoin (BTC) as the top crypto asset tracks sideways this week after its propulsive price action earlier this month. IntoTheBlock notes that the amount of Bitcoin held by addresses with over 1,000 BTC hit a new yearly high this week. The cohort of whales now holds 7.67 million BTC worth nearly $280 billion. Source: IntoTheBlock/X Bitcoin is trading at $36,474 at time of writing. The top-ranked crypto asset by market cap is down more than 2% in the past week but remains up by more than 29% in the past 30 days. In addition to BTC whale accumulation, IntoTheBlock also notes that Bitcoin’s new adoption rate reached a yearly high of 67.62% this week. Explains the firm, “This metric shows the percentage of active addresses that are newly created and in this case, indicates a surge in new market participants.” Source: IntoTheBlock/X Additionally, IntoTheBlock notes that Bitcoin ...

Cryptocurrencies have outperformed stocks and commodities this year. Most coins, including Bitcoin and Ethereum have jumped by over 100$%.  The Shiba Memu token sale is accelerating as demand rises. Cryptocurrencies have been the best-performing assets this year.  Bitcoin price has jumped by more than 120% this year while the tech-heavy Nasdaq 100 index and gold have soared by 48% and 10%, respectively. Other smaller coins like THORChain (RUNE), Injective (INJ), and Solana have risen at a faster pace. Why the crypto bull run is happening There are three main reasons why the crypto bull run is happening. First, Bitcoin has jumped because of the ongoing trend known as TradFi, which happens when companies in traditional finance move to the crypto industry.  The most notable of these companies are big players like Blackrock (the biggest asset manager in the world), Invesco, Ark Finance, and Fidelity have all filed for a spot Bitcoin ETF ...