Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well–known cryptocurrency, was created in 2009.
The global cryptocurrency market capitalization rose marginally by 0.05% to $1.21 trillion, with Bitcoin and Ethereum trading in the red while Dogecoin saw gains. Stellar, XDC Network, and Hedera were among the top gainers in the past 24 hours.
Tesla’s CEO, Elon Musk, once again triggered a significant surge in Dogecoin’s value with a single tweet featuring a meme.
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The Australian Securities & Investments Commission (ASIC) has revoked the license of FTX’s Australian subsidiary, a cryptocurrency exchange, amid its founder’s criminal lawsuit for alleged fraud. Despite the cancellation, limited financial services can continue until July 2024 for terminating existing derivatives with clients.
Celsius Network, a bankrupt crypto lender, seeks approval to distribute $25 million from the sale of its self-custody platform GK8.
Marathon Digital, a crypto mining company, is facing legal action from shareholders who have accused CEO Fred Thiel and other executives of breaching fiduciary duties and unjust enrichment.
Archblock, a blockchain technology company, is taking legal action against Tron founder Justin Sun, claiming that he acquired TrueUSD using questionable means.
Football legend Lionel Messi’s enigmatic Instagram post has drawn attention to PLANET, a blockchain-driven organization focused on reshaping the future of sustainability in the green tech industry.
The outcome of the SEC v. Ripple case is deemed a significant development in shaping future U.S. crypto regulation.
Leading crypto venture capital firm Polychain Capital secures approximately $200 million in the first funding round for its fourth fund, aiming to raise a total of around $400 million.
