Author: Top Rated Cryptos
ICO Token Sale Platform Development – A Complete Analysis Are you a startup searching for a perfect solution to raise funds for your crypto project? Then, no doubt, the ICO token sale platform would be the best option to increase your funds. The crypto space offers various crowdfunding methods like STO, IEO, IFO, and many more. But, ICO is an easy go-to option for newbie startups and budding entrepreneurs. What is Exactly an ICO Token Sale Platform Development? The ICO token sale platform development is the process of developing a website that is usually used to sell newly created tokens.…
Kraken Vows to Fight SEC Charges in Court Overview Kraken, a prominent cryptocurrency exchange, plans to challenge the charges brought against it by the U.S. Securities and Exchange Commission (SEC). In an interview with CNBC, Kraken’s Chief Legal Officer (CLO), Marco Santori, expressed the company’s determination to respond to the complaint in court. The SEC accused Kraken of violating securities laws by trading digital assets without registering as a securities exchange. Kraken intends to mount a legal defense and believes that the court will provide a fair assessment of the allegations. Kraken’s Battle with the SEC Facing Regulatory Challenges Kraken,…
United Nations Development Programme Partners with Algorand Foundation to Boost Blockchain Knowledge The Algorand Foundation and United Nations Development Programme (UNDP) have joined forces to provide UN staff with valuable insights and training in blockchain technology. Breaking Down the Partnership The Algorand Foundation has collaborated with the UNDP to enhance the understanding of blockchain technology among UN employees, equipping them with the necessary skills and knowledge to navigate the rapidly evolving digital landscape. As part of this partnership, the Algorand Foundation is launching a blockchain academy to offer comprehensive training programs and educational resources specifically designed to cater to the…
Coinbase Receives Over 13,000 Law Enforcement Requests, New Report Shows Coinbase, one of the leading cryptocurrency exchanges based in the United States, recently published its latest “Transparency Report,” revealing a staggering number of requests received from law enforcement agencies. According to the report released on November 29, 2023, Coinbase disclosed that it had received a total of 13,079 requests from authorities. The Surge in Law Enforcement Requests The transparency report shed light on the increasing interest of law enforcement in the activities conducted on the Coinbase platform. The number of requests received rose sharply, highlighting the growing concern of authorities…
Firms FTX and Alameda Transfer $10.8 Million in Cryptocurrency to Major Exchanges Key Points: FTX and Alameda, two prominent cryptocurrency firms, have transferred a substantial sum of $10.8 million in crypto assets to multiple major exchanges. The transfers were made by the companies while under receivership. The funds were distributed to Wintermute, Binance, and Coinbase. Spot On Chain, a renowned analytics platform, reported that the transfers involved eight different cryptocurrencies. The prominent cryptocurrency StepN (GMT) accounted for a significant portion of the transferred funds. FTX and Alameda’s $10.8 Million Transfer to Major Exchanges In a surprising move, cryptocurrency firms FTX…
OPNX Token Soars After Tweet from Arrested Co-Founder Key Points: The price of the OPNX token surged by 50% following a tweet from Su Zhu, the co-founder of Open Exchange (OX). CoinMarketCap reported a rapid increase in OPNX token price to $0.0214 within a span of just 20 minutes. Su Zhu, who is currently under arrest, tweeted about a major partnership announcement for OX, creating a buzz among investors. This surge reveals the influence that influential figures can have on the cryptocurrency market, even from unexpected circumstances. In an unexpected turn of events, the price of OPNX token, the native…
Investment Firm Tiger Global Marks Down Stakes in Bored Ape Yacht Club and OpenSea Brief Breakdown: Investment firm Tiger Global has reportedly marked down the value of its stakes in Bored Ape Yacht Club and OpenSea. The New York-based firm has significantly cut its ownership in Bored Ape, a popular non-fungible token (NFT) collectible project. Bored Ape Yacht Club is known for its unique and highly sought-after digital ape artwork. Tiger Global has also reduced its stake in OpenSea, the largest decentralized marketplace for NFTs. The markdown in these investments could be an indication of Tiger Global’s evolving stance on…
Circle Responds to Allegations of Improper Banking Relationships and Financing of Illicit Activities Key Points: Circle denies allegations made by Senators Elizabeth Warren and Sherrod Brown The company provides a detailed response to address concerns Circle emphasizes its commitment to regulatory compliance and transparency Various measures are in place to prevent illegal activity and ensure safe transactions The cryptocurrency industry is subject to rigorous scrutiny and regulation Circle, a prominent cryptocurrency company, has vehemently refuted allegations of improper banking relationships and financing of illicit activities made by Senators Elizabeth Warren and Sherrod Brown. In a detailed response to the concerns…
Brazilian Senate Approves New Taxation Policy on Cryptocurrency Key Points: Approval of a new taxation policy by the Brazilian Senate Policy imposes up to a 15% tax on earnings from cryptocurrency held in foreign exchanges Effective from January 1, 2022 Introduction The Brazilian Senate has recently passed a new taxation policy regarding cryptocurrency, aiming to regulate and tax earnings from crypto held on foreign exchanges. This policy, set to be effective from January 1, 2022, imposes a tax rate of up to 15% on these earnings. The move comes as Brazil seeks to further regulate the growing cryptocurrency market within…
The Most Financially Damaging Month: November Witnessed High-Profile Crypto Hacks and Scams Key Points: November brought a wave of high-profile crypto hacks and scams. The financial losses incurred make it the most damaging month of the year. Multiple exchanges and individuals fell victim to sophisticated hacking attempts. DeFi platforms also faced security breaches and rug pulls. The incidents highlight the need for increased security measures within the crypto space. November has proven to be the most financially damaging month for the crypto industry in the year. With numerous high-profile hacks and scams, the community has witnessed significant financial losses. The…