KIP Protocol says it did not initiate or launch Libra. The project did not also profit in any way from the launch, despite being ‘misled’ to post about token. Libra, also promoted by Argentina President Javier Milei on X, crashed soon after launch. KIP Protocol, the web3 layer for AI on Base, has denied allegations that it had a role in the launch of Libra, the cryptocurrency that turned out to be a major scandal in the space. On Monday, the KIP Protocol team published a statement that it said clarified the facts around the LIBRA token launch. “We recognize…
Author: cryphedge
Dogecoin (DOGE) has faced a substantial price correction over the last few days. The asset has dipped 6.1% in the daily charts, 12.4% in the weekly charts, 8.1% in the 14-day charts, and 34% over the previous month. Despite the massive dip, DOGE’s price has risen by 170.9% since February 2024.Also Read: Cryptocurrency: 3 Memecoins Predicted To Hit Peaks In MarchSource: CoinGeckoBybit Hack Pulling The Market Down?Source: Mynewsdesk.comThe latest market dip is likely due to the Bybit hack. The exchange was robbed of $1.4 billion worth of Ethereum-related coins. Dogecoin (DOGE) and other assets faced a correction due to the…
Bybit has nearly fully restored its Ethereum (ETH) reserves following one of the largest cryptocurrency hacks in history.The attack, which was linked to North Korea’s Lazarus Group, resulted in the theft of $1.46 billion in ETH and stETH from the exchange’s cold wallets. However, Bybit CEO Ben Zhou confirmed that the platform has now closed the ETH deficit through a combination of loans, whale deposits, and direct purchases.According to on-chain analytics platform Lookonchain, Bybit has acquired 446,870 ETH, worth approximately $1.23 billion, bringing the exchange’s total replenishment to nearly 88% of the stolen funds. In addition, Bybit has assured users…
A new and little-known cryptocurrency is capturing the attention of investors worldwide. With whispers of an explosive growth potential of 50,000%, this digital coin might be set to shake up the crypto market. Could this be the next major contender to rival giants like Bitcoin? Delve into what makes this crypto unique and why it could be on the brink of a historic surge. DOGEN Explodes 500% – Is This the Next $100M+ Solana Meme Coin? DOGEN is on fire, and if you’re not paying attention, you might be missing out on one of the hottest meme coin runs of…
The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against Coinbase Global Inc., marking a significant progress in the ongoing debate over cryptocurrency regulation.The lawsuit, originally filed in 2023, accused Coinbase of operating as an unregistered securities exchange. Coinbase has consistently denied these allegations, asserting that its business practices adhere to existing legal standards.The case has been dismissed pending final approval, expected next week. Source: CoinbaseWhat was the lawsuit all about?The SEC filed its lawsuit against Coinbase in 2023, alleging that the exchange facilitated the trading of unregistered securities.The agency argued that Coinbase should have registered…
Robinhood Crypto is no longer under investigation by the SEC. The agency closed its inquiry on Feb. 21, opting not to pursue any enforcement action. This closes the enforcement action following the May 2024 Wells Notice and reflects a shifting regulatory landscape alongside a similar decision in the SEC’s case against Coinbase.Robinhood emphasized that the investigation, started under a framework that treated most digital asset transactions as securities, never aligned with its longstanding interpretation of federal securities law. The firm always maintained that its practices respected regulatory boundaries.The inquiry’s closure comes amid broad change within the SEC, now under new…
Amid the ongoing market uncertainty, the SOL price has failed to hold its value above its important support level. This has resulted in it experiencing a major price crash this month.Evaluating the recent market movements, investors are curious with questions like “Why is Solana value dropping?” In this article, we have uncovered the possible market sentiments and short-term Solana Price Analysis just for you!SOL Coin Price On The Verge Of A Major Breakdown!The price of Solana has lost 8.89% in 24 hours with a trading volume of $3.42 billion, a change of +152.86%. Moreover, this altcoin has erased 13.27% over…
Ethereum has been the go-to altcoin for years. The Ethereum price recently got a little boost, climbing 2.84% to $2,726, and there’s plenty of chatter about it pushing past $3,000 soon, especially with the upcoming Pectra upgrade and potential ETF listings. But let’s be honest — playing it safe with ETH could mean missing out on those high-risk, high-reward opportunities that really make portfolios pop.Let’s break down three altcoins that could leave Ethereum price in the dust by 2025. DTX Exchange, in particular, looks like it’s about to make some serious moves.Cardano (ADA) – Building For The Long HaulCardano has…
Ripple (XRP) has lately been gaining immense market traction due to a variety of reasons. Firstly, the token is gaining widespread momentum due to the spree of pending XRP ETF filings that are due for approvals from the US SEC. That being said, XRP is also aiming for the top market spot amid such thriving market developments. Will it be able to do so anytime soon?Also Read: Shiba Inu: SHIB To Surge 402% To Hit $0.000081 Soon, Here’s HowRipple: What’s HappeningSource: RedditRipple (XRP) is currently one of the most trending cryptocurrencies to keep an eye on. For instance, the US…
Bitcoin (BTC) and Ethereum (ETH) ETFs demonstrated mixed trader sentiments, with Bitcoin ETFs experiencing a weekly outflow of $559 million, while Ethereum ETFs saw a more positive trend with a $1.61 million inflow. Bitcoin ETF Trends Last Week According to data from SoSoValue, the Bitcoin spot ETF faced a net outflow of $559 million last week (from February 18 to February 21, Eastern Time). Courtesy: sosovalue Among the key players, the Bitcoin spot ETF with the largest weekly net inflow was the VanEck Bitcoin ETF HODL, which recorded $4.13 million in inflows. Notably, the total net inflow for HODL over…
