Articles by Nidhish Shanker
Binance Khaby
News
Binance Khaby
News

Binance Names This TikTok Celebrity As Its Brand Ambassador

Binance, the world’s largest crypto exchange, has made TikTok star Khaby Lame their brand ambassador. Announcing the decision on Twitter, Binance believes that the partnership will allow them to foster diverse crypto education.  Khaby Lame, a Senegalese-born Italy resident, recently became the most followed person on TikTok, gaining more than 142 million followers. Binance Launches

Binance, the world’s largest crypto exchange, has made TikTok star Khaby Lame their brand ambassador. Announcing the decision on Twitter, Binance believes that the partnership will allow them to foster diverse crypto education.  Khaby Lame, a Senegalese-born Italy resident, recently became the most followed person on TikTok, gaining more than 142 million followers. Binance Launches

CoinFLEX
News
CoinFLEX
News

Breaking: CoinFLEX Takes U-Turn On Resuming Withdrawals, Here’s Why

After promising to resume withdrawals and restore full functionality by the 30th of June, CoinFLEX CEO Mark Lamb now tells CNBC that the exchange will likely not resume the withdrawals by Thursday. CoinFLEX had earlier paused all withdrawals from their platform, citing extreme market conditions. It then revealed that one individual whale owed the company

After promising to resume withdrawals and restore full functionality by the 30th of June, CoinFLEX CEO Mark Lamb now tells CNBC that the exchange will likely not resume the withdrawals by Thursday. CoinFLEX had earlier paused all withdrawals from their platform, citing extreme market conditions. It then revealed that one individual whale owed the company

Bitcoin and Ethereum Under Pressure Amid Friday's Options Expiry
Bitcoin News
Bitcoin and Ethereum Under Pressure Amid Friday's Options Expiry
Bitcoin News

Pentagon Raises Damning Concerns Over Bitcoin, Ethereum Security

Pentagon’s research body, DARPA, commissioned a report to analyze the extent to which blockchains are truly decentralized. While focusing primarily on Bitcoin and Ethereum, Trail of Bits, the security company commissioned by DARPA, found evidence of major security flaws in the blockchain system.  In a damning summary, the report detailed that bitcoin and Ethereum are

Pentagon’s research body, DARPA, commissioned a report to analyze the extent to which blockchains are truly decentralized. While focusing primarily on Bitcoin and Ethereum, Trail of Bits, the security company commissioned by DARPA, found evidence of major security flaws in the blockchain system.  In a damning summary, the report detailed that bitcoin and Ethereum are

Bitcoin Cash
Altcoin News
Bitcoin Cash
Altcoin News

Bitcoin Cash Sinks 7% As Its Biggest Advocate Is Accused Of Default

Bitcoin Cash (BCH) prices sank on Wednesday after Roger Ver, a major advocate of the blockchain, was accused of owing crypto exchange CoinFlex about $47 million.  In a Twitter statement, CoinFlex CEO Mark Lamb disclosed a written contract with Ver, which obligates the latter to personally guarantee any negative equity. Lamb accused Ver of defaulting

Bitcoin Cash (BCH) prices sank on Wednesday after Roger Ver, a major advocate of the blockchain, was accused of owing crypto exchange CoinFlex about $47 million.  In a Twitter statement, CoinFlex CEO Mark Lamb disclosed a written contract with Ver, which obligates the latter to personally guarantee any negative equity. Lamb accused Ver of defaulting

Crypto.com
Altcoin News
Crypto.com
Altcoin News

Here’s Why Dogecoin (DOGE), Shiba Inu (SHIB) Prices Tumbled

Dogecoin (DOGE) and Shiba Inu (SHIB) fell on Tuesday after Crypto.com said it will stop offering rewards on the two most popular memecoins. Crypto.com, a major cryptocurrency exchange, removed Shiba Inu and Dogecoin along with 13 other tokens from its earn program. In the announcement on Twitter, Crypto.com also revealed the addition of FTM, ZIL

Dogecoin (DOGE) and Shiba Inu (SHIB) fell on Tuesday after Crypto.com said it will stop offering rewards on the two most popular memecoins. Crypto.com, a major cryptocurrency exchange, removed Shiba Inu and Dogecoin along with 13 other tokens from its earn program. In the announcement on Twitter, Crypto.com also revealed the addition of FTM, ZIL

Michael Burry Interest Rate
News
Michael Burry Interest Rate
News

Expert Sees Fed Reversing Interest Rate Hikes, How Will It Affect Crypto?

Michael Burry, the hedge fund manager who famously shorted the 2008 subprime mortgage crisis, predicts that the economic repercussions of the Federal Reserve’s rate hikes may see the bank reversing its decision.   Responding to CNN’s article about big retailers like Walmart and Target having oversized inventory, Burry said that the supply glut at retail is

Michael Burry, the hedge fund manager who famously shorted the 2008 subprime mortgage crisis, predicts that the economic repercussions of the Federal Reserve’s rate hikes may see the bank reversing its decision.   Responding to CNN’s article about big retailers like Walmart and Target having oversized inventory, Burry said that the supply glut at retail is

CoinShares Outflows
Bitcoin News
CoinShares Outflows
Bitcoin News

Institutional Traders Dumped Bitcoin At A Record Pace Last Week

Bitcoin investment products saw record weekly outflows worth $453M, a report by CoinShares reveals. James Butterfill, the head of research at CoinShares, said these outflows were likely responsible for Bitcoin’s $17,760 price that weekend. While all digital asset investment products faced a record-high $423 M weekly outflow, the outflows were mostly focused on Bitcoin. The

Bitcoin investment products saw record weekly outflows worth $453M, a report by CoinShares reveals. James Butterfill, the head of research at CoinShares, said these outflows were likely responsible for Bitcoin’s $17,760 price that weekend. While all digital asset investment products faced a record-high $423 M weekly outflow, the outflows were mostly focused on Bitcoin. The

ETH
Altcoin News
ETH
Altcoin News

Ethereum Merge Delay? Developers Concerned Over Shadow Fork

In the recent Ethereum Core Devs Meeting, the developers working on the Ethereum merge discovered many issues regarding the readiness of client teams for the merge.  Despite the issues, the developers remain confident to be able to deploy the merge on the Sepolia testnet by the 6th of July. Shadow Fork Raises Questions On Merge

In the recent Ethereum Core Devs Meeting, the developers working on the Ethereum merge discovered many issues regarding the readiness of client teams for the merge.  Despite the issues, the developers remain confident to be able to deploy the merge on the Sepolia testnet by the 6th of July. Shadow Fork Raises Questions On Merge

Harmony Hack
Blockchain News
Harmony Hack
Blockchain News

Breaking: $78 Mln Of Stolen Harmony Protocol Funds Recoverable, Here’s How

Harmony Protocol’s Horizon Bridge was hacked for about $100 million, Harmony Protocol’s Twitter account announced.  Metaverse software company, AAG Ventures, took the major brunt. Out of the approx. $100 mln lost in the hack, AAG lost $84 mln. Now, AAG has announced that they were able to freeze $78 mln out of the 84 million

Harmony Protocol’s Horizon Bridge was hacked for about $100 million, Harmony Protocol’s Twitter account announced.  Metaverse software company, AAG Ventures, took the major brunt. Out of the approx. $100 mln lost in the hack, AAG lost $84 mln. Now, AAG has announced that they were able to freeze $78 mln out of the 84 million

Polygon-MATIC
Altcoin News
Polygon-MATIC
Altcoin News

Polygon (MATIC) Price Jumps 50% This Week, Are More Gains Due?

Polygon’s native token, MATIC, continued its bullish rise, with its price rising up by over 50% to reach $0.5987 in the last 7 days. MATIC is also up by 21% in the last 24 hours. Last night, Coinbase announced the integration of Polygon, which exposes MATIC to a bigger pool of traders. What Is Causing

Polygon’s native token, MATIC, continued its bullish rise, with its price rising up by over 50% to reach $0.5987 in the last 7 days. MATIC is also up by 21% in the last 24 hours. Last night, Coinbase announced the integration of Polygon, which exposes MATIC to a bigger pool of traders. What Is Causing

Cosmos ATOM
Altcoin News
Cosmos ATOM
Altcoin News

Cosmos (ATOM) Price Soars 12%, Is It About To Break Resistance?

The price of $ATOM, the Cosmos blockchain’s native token, is up by about 12 % to $7.64. Since the big announcement by crypto derivatives exchange, dydx, to build its V4 blockchain on the Cosmos platform, there seems to be a lot of enthusiasm for $ATOM. ATOM is now poised to breach a resistance level of

The price of $ATOM, the Cosmos blockchain’s native token, is up by about 12 % to $7.64. Since the big announcement by crypto derivatives exchange, dydx, to build its V4 blockchain on the Cosmos platform, there seems to be a lot of enthusiasm for $ATOM. ATOM is now poised to breach a resistance level of

Cryptocurrency tax
News
Cryptocurrency tax
News

India Clarifies On Crypto Tax, Smart Move or More Burden?

In a detailed guideline, the Ministry Of Finance provided further details on the 1% TDS applicable to the transfer of cryptocurrencies. The rule will apply to all considerations which exceed Rs. 50,000 in value for certain specified persons and Rs.10,000 for others. The Central Board of Direct Taxes made separate guidelines, applicable to transactions only

In a detailed guideline, the Ministry Of Finance provided further details on the 1% TDS applicable to the transfer of cryptocurrencies. The rule will apply to all considerations which exceed Rs. 50,000 in value for certain specified persons and Rs.10,000 for others. The Central Board of Direct Taxes made separate guidelines, applicable to transactions only

Binance's Exec Plans To Continue Buying Bitcoin, But There's A Catch
Bitcoin News
Binance's Exec Plans To Continue Buying Bitcoin, But There's A Catch
Bitcoin News

Coinbase, Robinhood Shares Plummet After Binance.US Does This

Binance.US has decided to eliminate any fees on spot trading of several popular crypto assets. The US branch of the major exchange decided that it will no longer charge any fees for the spot trade of BTC to US dollars and three major stable coins: Tether, USDC and Binance USD.  In response, the shares of

Binance.US has decided to eliminate any fees on spot trading of several popular crypto assets. The US branch of the major exchange decided that it will no longer charge any fees for the spot trade of BTC to US dollars and three major stable coins: Tether, USDC and Binance USD.  In response, the shares of

Crypto-Singapore
News
Crypto-Singapore
News

Crypto.com Wins Coveted Singapore License, Here’s What It Means

The Monetary Authority of Singapore granted in-principle approval to Crypto.com and three other crypto companies. Crypto.com, Genesis and Sparrow Tech join the other 11 crypto firms that were granted the same approval last month. Crypto.com received the in-principle approval for its Major Payment Institution License. What The Approval Means For Crypto.com In a statement put

The Monetary Authority of Singapore granted in-principle approval to Crypto.com and three other crypto companies. Crypto.com, Genesis and Sparrow Tech join the other 11 crypto firms that were granted the same approval last month. Crypto.com received the in-principle approval for its Major Payment Institution License. What The Approval Means For Crypto.com In a statement put

Doodles - NFT
News
Doodles - NFT
News

NFT Collection Doodles Sees 400% Spike In Volumes On This

Major NFT collection, Doodles, announced the launch of Doodles 2 at the NFT.NYC conference. Doodles also named popular music producer Pharrell Williams as their Chief Branding Officer. Doodles saw its sales volume skyrocket almost 400% and its floor price by 11%, both in the last 24 hours. Meanwhile, the NFT.NYC conference failed to generate enthusiasm

Major NFT collection, Doodles, announced the launch of Doodles 2 at the NFT.NYC conference. Doodles also named popular music producer Pharrell Williams as their Chief Branding Officer. Doodles saw its sales volume skyrocket almost 400% and its floor price by 11%, both in the last 24 hours. Meanwhile, the NFT.NYC conference failed to generate enthusiasm

MoonPay-HyperMint
News
MoonPay-HyperMint
News

MoonPay Launches NFT Platform In Universal Studios, Fox Partnership

MoonPay, a crypto payment infrastructure company, just launched Hypermint, an NFT platform that can mint hundreds of millions of NFTs in a day.  MoonPay’s CEO Ivan Soto-Wright is expected to make a formal announcement on Tuesday while delivering a keynote address at the NFT.NYC conference in New York City. Meanwhile, big names like Universal, Fox,

MoonPay, a crypto payment infrastructure company, just launched Hypermint, an NFT platform that can mint hundreds of millions of NFTs in a day.  MoonPay’s CEO Ivan Soto-Wright is expected to make a formal announcement on Tuesday while delivering a keynote address at the NFT.NYC conference in New York City. Meanwhile, big names like Universal, Fox,

VET- VeChain
Altcoin News
VET- VeChain
Altcoin News

VeChain (VET) Price Surges 7% After This Major Update

VeChain’s long-awaited VIP-220 is finally live on a private testnet,  the VeChain Foundation’s official Twitter handle said on Tuesday. The community considers this a massive step towards achieving a Proof-of-Authority 2.0 consensus mechanism. The announcement saw VET, the blockchain’s native token, jump 7% to $0.02414 in the past 24 hours.  Why IS VIP-220 A Big

VeChain’s long-awaited VIP-220 is finally live on a private testnet,  the VeChain Foundation’s official Twitter handle said on Tuesday. The community considers this a massive step towards achieving a Proof-of-Authority 2.0 consensus mechanism. The announcement saw VET, the blockchain’s native token, jump 7% to $0.02414 in the past 24 hours.  Why IS VIP-220 A Big

stablecoin-USDT-USDC
News
stablecoin-USDT-USDC
News

Circle’s USDC Surpasses Tether’s USDT, Here’s How

Circle’s stablecoin USDC has overtaken Tether’s USDT for the first time in the number of daily transactions on Ethereum, Nansen.AI CEO Alex Svanevik highlighted on Twitter. This news is the latest in a series of bad events for Tether. USDT still holds the lead in market value and daily trading volume. However, there is growing

Circle’s stablecoin USDC has overtaken Tether’s USDT for the first time in the number of daily transactions on Ethereum, Nansen.AI CEO Alex Svanevik highlighted on Twitter. This news is the latest in a series of bad events for Tether. USDT still holds the lead in market value and daily trading volume. However, there is growing