News

Vehicle manufacturer Tesla has just debuted its latest product, a limited edition toy whistle dubbed the Cyberwhistle. Billionaire Tesla founder Elon Musk announced the release on Wednesday as a new product catalog for the toy whistle emerged. Per the catalog, buyers can only pay for the Cyberwhistle using DOGE.  Tesla Announces the Cybertruck-inspired Cyberwhistle Musk shared news of the whistle in a Twitter post calling his audience to “Blow the whistle.” According to the product catalog, the toy was based…

In recent times, news of the Terra ecosystem’s resounding crash seems to have faded out of the limelight. However, South Korean prosecutors are set to reopen the case as they look into whether Terra’s native assets are securities.  South Korea Prosecutors Review Terra Assets On Tuesday, local publication Korean Herald shared a release highlighting the plans of Seoul’s Southern District Prosecutors Office. The report noted that the Office’s Financial and Securities Crime Joint Investigation Team has been in touch with…

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has cleared up some rules pertaining to Tornado Cash.  While some helpful guidance and reassurance have been provided, many questions remain regarding the Office’s designation of the privacy tool.  The Treasury reiterated that U.S. persons are no longer allowed to interact with Tornado Cash. However, anyone who had their funds trapped inside Tornado Cash prior to August 8th may apply for a license to retrieve them. “OFAC would have a…

Leading investment firm Fidelity is set to offer its massive customer base the chance to trade Bitcoin through its online brokerage service. The news emerged via a report from Wall Street Journal which highlighted sources with ties to the company.  Speculation is Still Ongoing Fidelity manages roughly 34.4 million brokerage accounts, making it one of the biggest investment management firms globally. According to reports, the company is considering bringing BTC trading options to its retail investors. Such a move would…

Nikhil Wahi – brother to former Coinbase Product Manager Ishan Wahi – has pleaded guilty to wire fraud conspiracy using confidential information.  Guilty As Charged As reported by Reuters, the ex-manager’s brother confessed during a virtual court hearing in front of a Manhattan judge. He admitted to making cryptocurrency trades based on confidential information from his brother, who used to work at Coinbase. "I knew that it was wrong to receive Coinbase's confidential information and make trades based on that…

With the Ethereum Merge only days away, crypto analysis company CoinGecko has looked into which countries are most interested in the imminent upgrade. According to CoinGecko reports, Singaporean crypto holders lead several others in terms of interest in Ethereum’s imminent historic milestone. Singapore’s "ETH Merge” Searches Eclipse US, Canada Ethereum’s dev team has confirmed that the network’s shift to the Proof-of-Stake consensus mechanism will occur between September 13 and 15. As the upgrade has been in the works for years,…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1.05 trillion. Bitcoin has increased by nearly 10% this week. Ethereum gained almost 14% over the past seven days. XRP is up by nearly 8% this past week. Almost all altcoins are trading in the green, with few exceptions. The DeFi sector increased the total value protocols (TVL) to around $32 billion. Crypto Trends…

Charles Hoskinson – CEO of Input Output Global (IOG) and co-founder of Cardano – delivered a warning to the Bitcoin community on Thursday. According to the White House’s latest report, bureaucrats are recommending a potential Bitcoin mining ban to combat excess energy use. As such, Hoskinson suggested that Bitcoin transition to a new consensus algorithm stay within U.S. borders.  https://twitter.com/IOHK_Charles/status/1568004482042310656 The CEO examined page 7 of the White House’s report, titled “Climate and Energy Implications of Crypto-Assets in the United…

Coinberry – a Toronto-based cryptocurrency exchange – recently disclosed losing 120 BTC to customers in a lawsuit targeting the perpetrators.  One target of the lawsuit is Binance, an exchange that Coinberry alleges helped launder some of the stolen funds.  As reported by the Financial Post, the loss had never been revealed until Coinberry’s lawsuit was filed in June. The lawsuit explains that customers stole Bitcoin from Coinberry in 2020 by exploiting a software bug exploiting interac e-transfers.  Users could e-transfer…