Author: CRYPTO WORLD

Commission-free investment platform Robinhood has finally listed Shiba Inu (SHIB) after months of petitions and concern over whether crypto traders would ever see this day. The number of investors eager to buy Shiba Inu Coin has increased significantly after the revelation of the long-awaited listing. Notably, on April 12, the token saw a rush of capital, with $1 billion streaming into the digital asset in less than an hour. The dog coin spiked from $12.55 billion to $13.75 in just under an hour, adding $1.2 billion to its market capitalization,…

Meta, the parent company of the world’s biggest social media network, Facebook, is planning to develop its own cryptocurrencies and virtual tokens for its suite of products. It has been clear to everyone where the journey is headed since the renaming of the parent company from Mark Zuckerberg’s Facebook to “Meta Platforms” (Meta for short). The aim is to enter the worlds of the Metaverse. The race to participate in the Metaverse has long been on and for purely digital companies like Facebook and the sisters under the Meta umbrella…

Per data made public recently, another massive sum of Shiba Inu canine crypto has been sent to “inferno” wallets and, thus, taken out of circulation. Almost all of this amount of SHIB was burned in merely one transaction. Shiba Inu burns (as is the case with other cryptocurrencies) are being made in an attempt to reduce the circulating supply of the token and push the price toward higher highs. In the meantime, the second-biggest meme coin by market cap after DOGE has demonstrated a 12% rise in the past 24…

After all the crypto market’s ups and downs, Bitcoin scores a price of over $46K. With a market cap of almost $900 billion, a 24-hour low/high numbers of $44,413.48/$47,172.18, and a seven-day low/high numbers of $40,842.4 /$46,992.89, Bitcoin has went up by 4.8% during the last four hours. The official page of Bitcoin on Twitter announced the news with a tweet, implying that no one can predict Bitcoin. The tweet had a short video of a rocket going up in the sky as well. The reactions to this fact were…

The Australian Competition and Consumer Commission (ACCC) is taking Meta Platforms, Inc. (formerly Facebook) to the Federal Court, alleging that the firm and its Irish branch engaged in “false, misleading or deceptive conduct” by publishing scam celebrity crypto ads. Some users have lost hundreds of thousands of dollars to the sophisticated and long-running scams tied to the ad. The spotlight on Meta has heated up in Australia since the start of February, with Cointelegraph previously reporting that the ACCC was investigating the firm over allegedly fraudulent crypto ads. Aussie mining…

Ukraine formally legalizes crypto after receiving over $100 million in support from the crypto community since its war with Russia started. Ukraine’s president has officially signed the virtual asset bill to legalize cryptocurrencies for income, exchange, and business, as approved by parliament last month. This comes after weeks of financial support from the crypto community for help in fending off Russia’s invasion. According to a statement from the Ministry of Digital Transformation of Ukraine, the new law creates conditions for a legal virtual asset market in the country. It will…

On Feb. 14, the Securities and Exchange Commission, or SEC, announced actions against crypto lending company BlockFi over its failure to register high-yield interest accounts that the agency deems to be securities. New Jersey-based BlockFi will pay $50 million in settlement to the SEC and another $50 million to 32 U.S. states that brought similar charges. These are some of the heaviest penalties ever imposed by a U.S. federal regulator on a cryptocurrency service provider. The firm also agreed to stop onboarding new customers to the unregistered service, BlockFi Interest…