The UK Law Commission recently released a scoping paper addressing the potential legal characterization of Decentralized Autonomous Organizations (DAOs) in the country. DAOs are blockchain-based communities that are created for a shared goal, such as investing in start-ups or purchasing historical documents. Despite being seen as the future of corporate governance, the Commission noted that
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The German state of Saxony has been rapidly depleting its Bitcoin reserves after seizing assets from the film piracy website, Movie2K. The government has been auctioning off confiscated Bitcoin, with transactions totaling around $3 billion worth of BTC. On Thursday, German authorities transferred 10,567 BTC (approximately $600 million) to various entities, including Bitstamp, Coinbase, Kraken,
Growing up in Edo State, Nigeria, surrounded by three siblings who served as his idols and mentors, Godspower Owie credits his parents as the backbone of his story. Their unwavering support through good and bad times has made him feel safe and secure, shaping his values and outlook on life. Three years ago, Godspower was
Recently, Justin Sun, the founder of Tron, made headlines in the cryptocurrency world with a $5 million investment in Ethereum (ETH). This investment, revealed by Spot On Chain, an AI-driven on-chain analytics platform, shows that Sun purchased 1,614 ETH tokens at an approximate price of $3,097 per ETH. This is part of a larger trend,
Bitcoin’s price has been on a roller-coaster ride lately, with significant fluctuations in a short period of time. After the CPI numbers were released, Bitcoin surged towards $60,000, only to retrace by over $2,000 shortly after. This quick and drastic movement has left investors wondering about the stability of the market. While Bitcoin has been
Soccerverse, the groundbreaking blockchain-based football management game, has recently received a substantial funding boost of £2.5 million ($3.1 million) from Square Enix, a well-known game publisher. This investment, in addition to the support from existing investor Hiro Capital, brings Soccerverse’s total funding to $4 million. The infusion of capital marks a significant moment for Soccerverse,
In the ever-changing landscape of Web3, it can be challenging to keep track of all your onchain activities. The Coinbase Wallet Web3 app aims to simplify this process by providing a platform that consolidates all your on-chain activities in one place. This tool is designed to make it easier for users to manage multiple wallets,
Recently, the US Securities and Exchange Commission (SEC) made headlines by accepting a proposal that includes exceptions for certain institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121). This move has sparked a debate within the financial industry and has significant implications for the future of crypto accounting compliance. The SEC’s decision
A crypto analyst going by the name ‘Bluntz’ has made a bold prediction regarding the future of Ethereum (ETH), stating that the cryptocurrency could potentially reach an all-time high of $8,000 in the near future. However, achieving this ambitious price target will require Ethereum to fulfill specific key conditions as outlined by the analyst. Bluntz
Railgun, a popular crypto privacy protocol, recently prevented Inferno Drainer from laundering stolen funds. SlowMist’s anti-money laundering tracking system, MistTrack on X, revealed that Railgun intercepted an attempt to launder over 174 ETH, valued at approximately $533,000 at the time. As a result, the perpetrators were compelled to return the stolen ETH to Inferno Drainer’s
The Cardano blockchain has been experiencing a period of relative quietness since the beginning of July, accompanied by a consolidation in ADA prices. This quiet phase also seems to extend to Cardano whales, as on-chain transaction data indicates that daily whale inflows have been relatively stable, with numbers consistently staying below 5 million ADA since
The US House of Representatives recently fell short of the required votes to override President Joe Biden’s veto and rescind SEC Staff Accounting Bulletin (SAB) 121. In a tight vote on July 11, 228 House members supported HJ Res. 109 to end SAB 121, while 184 voted against the resolution, and 21 abstained. Although the
The recent announcement of Anomaly Games joining the Google for Startups Cloud Program marks a significant development in the gaming industry. This strategic partnership is poised to revolutionize the sector by blending advanced cloud technology, artificial intelligence, and Web3 innovations. Indie game developers, tech entrepreneurs, crypto enthusiasts, and Web3 pioneers are in for an exciting
In a recent hearing, Judge Katherine Polk Failla criticized Coinbase’s attempt to subpoena SEC chair Gary Gensler in the ongoing case against the firm. She pointed out that the request included Gensler’s statements before he became SEC chair in 2021. Coinbase’s argument for seeking Gensler’s earliest comments was based on the need to confirm whether
Recent data has revealed a significant shift in the relationship between Bitcoin and US stocks. Previously, these assets exhibited a positive correlation, leading to a beneficial impact on the cryptocurrency market. However, according to information from the market intelligence platform IntoTheBlock, Bitcoin’s correlation with the Nasdaq 100 and S&P 500 has now plummeted to -0.78
After over a year of investigation, the US Securities and Exchange Commission (SEC) has officially ended its inquiry into stablecoin issuer Paxos. This decision was confirmed to Paxos on July 9, marking the conclusion of the investigation into the Binance USD (BUSD) stablecoin. The SEC stated that it would not be pursuing any enforcement action
Bitcoin’s recent surge towards $60,000 was met with a sudden halt as the digital asset experienced a minor retracement, settling just above $58,000. This fluctuation comes after a period of significant volatility in the cryptocurrency market. Among the larger-cap altcoins, Stacks has emerged as a standout performer, with a remarkable 14% increase in value. Following
Despite the challenges posed by the current market conditions, DWF Labs, a prominent Web3 market maker and investment firm, has set forth ambitious plans for further expansion and innovation. The recent unveiling of its new website marks the beginning of its pledge to uphold greater transparency and fair market practices, solidifying its position as a
Bitcoin (BTC) has recently broken above its bearish trendline, signaling a shift in market sentiment and sparking optimism among traders and investors. With a market capitalization exceeding $1.1 trillion and a trading volume of over $24 billion, BTC is currently trading at around $58,119, down by 1.37% in the last 24 hours. Despite the slight
Recently, the Canadian musician Drake made a substantial Bitcoin bet on the Copa America semi-final match between Canada and Argentina. Despite the odds being against Canada, with a potential profit of over $2.5 million in Bitcoin, Argentina emerged victorious with a 2-0 win. This loss adds to Drake’s history of significant betting losses. Past Betting
During a recent Senate Agriculture Committee hearing on digital commodities oversight, CFTC chair Rostin Behnam expressed the agency’s willingness to potentially become the primary regulator for cryptocurrencies. The discussion, which took place on July 10, revolved around the CFTC’s request for expanded regulatory authority in the realm of digital assets. Senator Roger Marshall questioned Behnam
An Ethereum whale has recently sparked concern within the community with a significant transaction indicating a possible intent to sell off their holdings. The transfer of 11,215 ETH ($34.3 million) to Coinbase has raised alarms, as such a move by a trader of this magnitude could have a substantial impact on Ethereum’s price. The potential
In mid-July, Binance made the decision to suspend deposits and withdrawals for approximately one hour to conduct scheduled wallet maintenance. This announcement caused some concern among users, as the exchange is known for its high trading volume and quick transactions. However, Binance assured the community that trading services would not be affected during this time
ShardLab, the blockchain arm of Hashed, a global Web3 venture capital firm, has unveiled a groundbreaking web application designed to streamline decentralized identity (DiD) and NFT voucher distribution processes. This new application leverages cutting-edge technologies such as account abstraction (AA) and zero-knowledge proofs (ZK) to enhance security and usability for everyday transactions, setting a new
Recently, wallets linked to the CoinStats exploiter made a move that raised eyebrows in the crypto community. A staggering $1 million in Ether was transferred into the controversial crypto mixing protocol known as Tornado Cash. This significant transfer occurred not long after CoinStats announced that they were conducting investigations into the exploit. The blockchain security
Blockchain technology has revolutionized the way we think about transactions and data storage. With the rise of cryptocurrencies, it has become essential to ensure the security of digital assets. Recently, Kraken, along with other key industry players, announced the formation of the Blockchain Security Standards Council (BSSC) to enhance security within the crypto sector. This
In recent news, Ethereum 2.0 staking has experienced a significant surge, reaching a major milestone with the deposit contract for staking on the Beacon Chain hitting a record high of 47.36 million ETH. Surprisingly, this accounts for a staggering 33.9% of the total Ethereum supply. These statistics, provided by the crypto analytic platform Santiment, indicate