Samuel Edyme, known by the nickname HIM-buktu, is not your typical crypto enthusiast. His entrance into the world of cryptocurrencies was not through a successful investment, but rather through a scam. This Ponzi scheme that lured him in with promises of quick profits ended up being a valuable lesson for Edyme. Instead of giving up,
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The recent decision by the US Supreme Court to overturn the Chevron doctrine has raised significant concerns within the cryptocurrency community. Introduced in a 1984 case known as Chevron v. Natural Resources Defense Council, the doctrine established guidelines for federal courts to defer to agency interpretations of laws and statutes. This decision created a framework
T-Rex Group, a financial services company, has recently filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This new financial vehicle is expected to be one of the most volatile ETFs in the country if approved. The main objective of the fund, named as ‘T-Rex 2X Long MSTR Daily Target
Bitcoin’s price has recently been rejected at $62,000, sparking conflicting sentiments in the market. While bullish investors remain optimistic, bears are now emerging from the shadows, suggesting that the price may continue to drop. Crypto analyst DonAlt has weighed in on the situation, stating that the worst may be yet to come for Bitcoin. Despite
The prediction made by analyst ‘RamenPanda’ regarding potential interest rate cuts by the U.S. central bank lacks concrete evidence and fails to consider the unpredictability of market reactions. While historical data from the 2008 financial crisis is referenced, it is important to note that each economic situation is unique and cannot be accurately compared to
As approximately 107,000 Bitcoin options contracts are set to expire this Friday, the overall notional value of $6.6 billion brings the potential for increased market volatility. This end-of-month expiry event is significantly larger than typical end-of-week expirations. The put/call ratio of 0.5 indicates that there are twice as many long (call) contracts expiring as shorts
Solo Leveling: Unlimited is a new NFT platform based on the popular South Korean web novel and webtoon, Solo Leveling. Developed by OtherWorld, a Web3 company based in Singapore, this platform aims to combine entertainment and blockchain technology on the Avalanche blockchain. One of the key features of Solo Leveling: Unlimited is its use of
Bitcoin, the world’s largest digital asset, experienced a tumultuous week in terms of price fluctuations. Starting the week off at over $64,000, Bitcoin seemed to maintain its stability until the bears took control and initiated a massive downward trend. Within hours, Bitcoin plummeted by several thousand dollars, hitting a low of $58,400 – a level
The founder of Kraken, Jesse Powell, made headlines when he announced a donation of $1 million, mainly in Ethereum, to support former US President Donald Trump’s re-election bid. Powell’s motivation behind this donation was to ensure that the US remains a leader in blockchain technology. By uniting behind the only pro-crypto major party candidate in
As the launch date for the first spot Ethereum ETFs in the United States approaches, experts are predicting a significant price appreciation for the second-largest cryptocurrency in the market. The US Securities and Exchange Commission (SEC) is expected to approve Ethereum ETFs by July 4, according to a recent Reuters report. Discussions between asset managers
Recently, Binance made headlines by announcing the implementation of stricter measures to combat account misuse on its platform. The company unveiled its plans to enhance monitoring of all account activities due to instances where certain features were abused for gaining unfair advantages over other users. This move signifies a proactive stance taken by Binance to
Keisha Lance Bottoms, set to become Joe Biden’s senior campaign adviser, recently shared her views on the bipartisan nature of crypto. She emphasized that crypto is not a political issue and has garnered support from both sides of the political spectrum. According to Bottoms, crypto has managed to capture the attention of voters nationwide, highlighting
The highly anticipated Illuvium Open Beta is set to launch on July 25, 2024, exclusively via the Epic Games Store for PC. Since its inception in 2020, the game has been in active development, meticulously blending elements from various gaming genres to create a one-of-a-kind experience. The Illuvium team has shown dedication and commitment to
The European Securities and Markets Authority (ESMA) has recently proposed regulations under the Markets in Crypto Assets Regulation (MiCA), sparking concerns within the crypto community. Paradigm, a prominent player in the industry, has raised alarms over the misinterpretation of Maximum Extractable Value (MEV) and the potential overreach of regulatory measures. MEV is a critical component
CleanSpark, a prominent player in the Bitcoin mining industry, made waves with its recent announcement of acquiring GRIID Infrastructure in an all-stock deal worth $155 million. This strategic move immediately added 20 megawatts of power to CleanSpark’s operations, with an additional 400 MW expected to come online in Tennessee within the next two years. By
Coinbase, the largest cryptocurrency exchange in the United States, has taken a bold step by filing lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). These lawsuits are in response to the agencies’ failure to comply with information requests related to closed crypto cases. The filings at the United
The US Securities and Exchange Commission (SEC) is inching closer towards the approval of the latest adjustments regarding spot Ethereum ETFs, with the discussions between asset managers and regulators nearing their conclusion. Prominent asset managers like BlackRock, Franklin Templeton, and Grayscale Investments are among the eight firms progressing towards the final stages. This development comes
The recent decline in the price of Bitcoin can be attributed to major sell-offs orchestrated by large governments, such as the German and US governments. These government-led sell-offs have contributed to the downward pressure on the digital asset. For example, the German government sold around 2,786 BTC, amounting to approximately $140 million, while the US
The village of Yamakoshi, located in the Niigata mountains of Japan, has implemented a groundbreaking approach to support its development and address the challenges of an ageing population through the use of NFTs. The Neo-Yamakoshi Village project, which commenced in 2021, has garnered significant attention by attracting 1,700 “digital citizens” who have invested in Nishikigoi
The US spot Bitcoin ETFs are showing signs of a slow recovery, with collective inflows reaching $21.52 million on June 26th. This positive momentum follows a trend that began on Tuesday, indicating a potential shift in the market. BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any new investments in the past four days. This
The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has entered its trial phase. This phase is typically where resolutions are expected to be made, but the end of this case remains uncertain as of the most recent update on June 27th. A significant development in recent weeks
Abra, along with CEO William “Bill” Barhydt, recently reached a settlement with 25 US state regulators for providing crypto trading services without proper licensing. The settlement, as announced by the Conference of State Bank Supervisors on June 26, involves the regulators waiving monetary penalties in exchange for $82 million in customer repayments. Moreover, Abra has
Nigeria’s Securities and Exchange Commission (SEC) recently issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses. The SEC’s Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs) aims to align with current industry trends and amend existing rules on digital assets issuance, offering platforms, exchanges, and custody.
The Cardano network recently experienced a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. Despite the attack, the decentralized structure and mechanisms of Cardano proved effective in mitigating the impact of the attack, ensuring uninterrupted stability and operation. This demonstration of resilience has earned praise from bullish investors and renewed
In a recent discussion, Bitwise’s Chief Investment Officer (CIO) Matt Hougan shared insights on the potential inflows that US Spot Ethereum ETFs could attract. According to him, these funds could record a significant $15 billion in net inflows within their first 18 months of trading. This estimate was based on a careful analysis of various
Bitcoin whales have been quietly accumulating BTC amidst a backdrop of fear, uncertainty, and doubt in the market. Recent analysis by IntoTheBlock shows a notable surge in net inflows to the largest wallets, indicating a shift in accumulation patterns. Holders with control of at least 0.1% of the total Bitcoin supply added 7,130 BTC worth
Sonic, the pioneering Layer-2 (L2) infrastructure on Solana, has established itself as a game-changer in the world of blockchain gaming. In just a short span of time, Sonic has achieved remarkable milestones that showcase the platform’s potential in enhancing gaming experiences on the Solana network. With a focus on speed, scalability, and user engagement, Sonic