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Celsius Agrees To Pay Customers More In a joint motion, Celsius and its unsecured creditors’ committee announced that they had agreed to resolve the committee’s class action fraud claim against Celsius with a bonus to the assets account holders will receive in the company’s Chapter 11 plan. They claimed this would result in “astronomical” cost savings and speed up the return of cryptocurrency to its customers’ hands. advertisement The proposed agreement with the committee of unsecured creditors “avoids the delay and costs of potentially protracted litigation,” the cryptocurrency lender claimed in a motion to accept the agreement that was submitted to the Southern District of New York’s US Bankruptcy Court on Thursday. According to the settlement motion submitted on Thursday by Celsius and the committee, more than $70 billion in claims for fraud and other legal claims against Celsius are now pending, unconnecte...

BTC price should put in a "strong" reaction now that Bitcoin Bollinger Bands are at their most compact since the start of 2023. Bitcoin (BTC) is lining up a burst of volatility that could rival its 40% January gains , on-chain data suggests. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode revealed the tightest Bollinger Bands since the start of 2023. BTC price due "strong moves" — but direction unknown BTC price has acted in a tight range for an entire month, using $30,000 as a focal point for sideways behavior. This, popular analyst Aksel Kibar says, is putting both bulls and bears to the test. “Seems like $BTCUSD is exhausting many trader's patience,” he summarized on July 21. “That is usually the condition you see before strong moves. Not sure about the direction though. I will stick with my well-defined boundaries. I know that increased volatility is around the corner. Capture the directional move.” BTC/USD anno...

A Binance spokesperson highlighted that there are things to be wary of when liquid staking, including smart contract vulnerabilities, slashing risks and price fluctuations. Liquid staking is a decentralized finance (DeFi) subsector that lets users earn yield by staking their tokens without losing their liquidity. It has become the biggest DeFi sector in terms of total value locked (TVL), according to crypto exchange Binance’s Half-Year Report 2023.  Within the report , the crypto exchange highlighted that liquid staking had dethroned decentralized exchanges (DEXs) as the top-ranking DeFi category by TVL as of April 2023.  The staking mechanism was a crucial part of staking Ether (ETH) before the Ethereum Shanghai upgrade when users were unable to freely unstake their ETH. By then, liquid staking tokens (LSTs) provided users with liquidity while they earned yield with their ETH. Liquid staking commands 37.1% of the ETH staking market. Source: Binance On April 13, the Shanghai updat...

Arkham Intelligence has unveiled what they claim to be “the world’s first on -chain intel ligence exchange ,” according to reports on July 18. In a video, Arkham claims their platform will enable users to securely and anonymously trade information concerning the identities of various crypto wallet addresses using smart contracts. Establish connections On July 18, Arkham Beta’s completion grabbed headlines as it opened up the Arkham Intel Exchange to all users. The on -chain intel ligence marketplace aims to connect on -chain analysts, traders, journalists, and researchers, bridging the gap within the crypto world. The Arkham Platform is now public and available to all users! Arkham’s Beta is complete and the platform is now available for all. The Intel Exchange, along with the Arkham Oracle, are now live. pic.twitter.com/af3KVNHfWx — Arkham (@ArkhamIntel) July 18, 2023 This week, the Arkham Foundation launched its Arkham (ARKM) token. It was fir...

The insights platform Kaiko warned that the market may enter into a period of stagnation in the coming weeks. Historical data shows that Q3 has been the period with the lowest amount of trading volume in past years. Meanwhile, Ki Young Ju revealed that BTC’s hash rate has risen 660% over the last 2 years.  In one of their latest tweets, the market insights platform Kaiko speculated whether the cryptocurrency market might be entering into a period of stagnation or inactivity. Historically, Kaiko’s data indicated that Q3 has been a period with the lowest trading volume for past years. Are #crypto markets entering the summer doldrums? Historically, Q3 has the lowest trade volume. Since 2012, cumulative $BTC volume is far lower than any other quarter. pic.twitter.com/GdGjPObfaW — Kaiko (@KaikoData) July 18, 2023 This is further proven by the fact that Bitcoin’s (BTC) cumulative volume has been lower in Q3 than in any other quarter since 2012. Desp...

Following the much-anticipated Shapella upgrade, validators on the Ethereum blockchain are able to recover their initial staked principal and unlock their rewards (the rewards earned from locking in or staking their assets). Unstaking requests are processed on-chain on the Ethereum network, meaning there’s no exact timeline. The upgrade was divided into two phases, namely Shanghai and Capella, to avoid disrupting the Proof of Stake algorithm. Over 1 million Ethereum has been withdrawn until now, triggering concerns about whether the demand would cause ETH to drop in price.  Before rewards can be received, it’s necessary to have purchased coins. Owing to the growing use of the Internet, people have a much broader choice as to where and how to buy Ethereum . 32 ETH must be deposited to activate the validator software. Validators are responsible for storing data, processing transactions, and adding new blocks to the blockchain; a balance, a public key, or other properties repre...

John E Deaton Takes on SEC Deaton, who has been actively vocal in defending the rights of crypto investors, took to Twitter to share the news of the growing number of individuals joining his cause against SEC in XRP Lawsuit. At the time of his announcement, the count stood near 3,000 Coinbase customers willing to serve as amici. advertisement And just like that we are at 3135. People are tied of the SEC’s type of protection. – John E. Deaton, July 18, 2023 Deaton’s efforts gained further traction when CoinGape reported that Gary Gensler, the SEC Chairman, expressed disappointment regarding the judge’s ruling, specifically concerning the impact on retail investors in the XRP case. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

UK FCA To Revamp Social Media Rules The Financial Conduct Authority (FCA) in a press release on July 17 said it is consulting on new social media guidance for promoting financial products and services on platforms to combat illegal and non-compliant financial promotions. The new social media guidance will be consulted over the next 8 weeks. advertisement Lucy Castledine, Director, Consumer Investments at the FCA, said: “We want people to stay on the right side of our rules, so we’re updating our guidance to clarify what we expect of firms when marketing financial products online. And for those touting products illegally, we will be taking action against you.” The FCA is working with the Advertising Standards Authority to increase scrutiny over illegal financial promotions and advertising by “f influencers ” and companies. The regulators are also working to educate consumers and influencers about the risks in promoting financial ...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin pulled back to about $30k after failing to sustain a climb above the $31k resistance level, but some indicators suggests a breakout is imminent. Trader Tardigrade posted on CoinMarketcap that Bitcoin is currently at a breakout point, indicating that an upward climb is on the way. However, the current slump due to BTC’s failure to grow past the $31k mark has created a wave of negativity across CoinMarketcap, with many hoisting bearish flags and saying that Bitcoin may drop to $25k to $27k before experiencing any bullish waves. That despite generally buoyant sentiment toward crypto assets after Ripple Labs Inc.’s landmark court victory against the Securities and Exchange Commission on Thursday. Bitcoin Price Fails to Sustain Above $31k  Bitcoin’s price stood at $30.3k at 06:35 EST after earlier crossing its resistance line and rising as high as $31,809 when the news regarding ...

CIC Digital LLP, the company owned by Donald Trump that licenses the likeness of the multi-billionaire former president for use on NFT s has revealed that it has less than $1,000 in its US bank account. The firm does, however, hold an Ethereum wallet with an estimated stash somewhere between $250,000 and $500,000. Trump revealed CIC’s financial details – along with around 100 other income sources worth a combined $1.2 billion – in a filing submitted on Thursday. These additional sources include $12.6 million for speaking engagements , over $1 million in advertising from conservative streaming site Rumble, and $284.5 million in income earned from Trump Old Post Office LLC, which owned his hotel in Washington. It’s important to note that this is a revised filing submitted by Trump to elaborate on the rather broad figures he’d previously disclosed. Indeed, in the original filing, Trump had simply claimed he earned more than $5 million in “hotel revenue.” It sure looks like Mel...

NOSEC integrates with LI.FI. NotASecurity (NOSEC), a cross-chain meme-coin, has integrated LI.FI’s widget inside their website. With the integration, users can bridge and swap any token from 17+ chains to receive NOSEC or swap to any other token of their choice. Not A Security (NOSEC) is a meme coin that exists to prove that digital assets are not all securities but can exist as pure meme coins. LI.FI is the most advanced bridge and DEX aggregator with smart routing capabilities to find the best route to move any asset on any chain, to another asset on another chain. They have added support for 13 bridges across 15+ EVM-compatible chains, along with all DEX aggregators & DEXs on those chains, into a single solution that is available as an SDK, Widget, or API. In addition, LI.FI believes Web3 needs to be made available for not only the next million users but for the next million developers to build on it as well. Its SDK is the ultimate cross-chain money lego for dApps to build on ...

Great Day for XRP, Ripple, and the Community According to initial updates from the Press, Judge Torres declared that the programmatic sales made by American blockchain payments firm Ripple Labs Inc, as well as the other distributions, and Larsen’s and Garlinghouse’s sales of XRP, do NOT constitute investment contracts. advertisement This verdict brings significant relief to the community, especially early XRP holders who had been following the Ripple case with the United States Securities and Exchange Commission ( SEC ) since the market regulator sued the company for $1.3 billion in December 2020. The news is already fueling a parabolic run in the price of XRP which is changing hands at a price of $0.5995, up by more than 27.16% at the time of writing. Experts had already predicted that the declaration of XRP as a non SEC urity can help it pare off the deep losses it has accrued since the lawsuit started and through the crypto winter. This...