The Securities and Exchange Commission’s (SEC) pending decision on Grayscale Investments is stirring significant anticipation within the cryptocurrency community. The implications of this decision could extend far beyond Grayscale itself, potentially shaping the approval of Bitcoin exchange-traded products (ETPs) in the future. Bloomberg’s Senior ETF Analyst Eric Balchunas suggests that the verdict may be disclosed
In the ever-volatile world of cryptocurrencies, Bitcoin’s recent low volatility has caught the attention of experts and analysts alike. Founder of Capriole, Charles Edwards, presents a compelling analysis that draws parallels between the current state of Bitcoin and its behavior back in 2016. With Bitcoin’s price hovering around $29,000, traders and investors are eagerly watching
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has unveiled a revised regulatory framework to ensure stability for single-currency stablecoins (SCS) in the city-state. The framework, announced on August 15th, focuses on non-bank issued stablecoins that are pegged to the Singapore dollar or G10 currencies like the euro, British pound, and United States dollar.
The recent brute force hack on RocketSwap Labs has sent shockwaves throughout the crypto community. With a staggering $865,000 or 471 Ether (ETH) stolen from the protocol, the project is now faced with the daunting task of picking up the pieces and bouncing back stronger than ever. The team behind RocketSwap Labs has wasted no
Coca-Cola has recently made headlines with the release of its Masterpiece NFT collection on the Coinbase layer-2 network, Base. This move comes as part of Coinbase’s “Onchain Summer” initiative, which aims to showcase the efficiency and cost-effectiveness of the Layer 2 chain. The initiative, launched on August 9, features a range of on-chain art, gaming,
Chainlink, the decentralized oracle network, has further expanded its integrations by partnering with Base, a Coinbase-incubated layer-2 network. With this recent collaboration, Chainlink now supports a total of 12 integration partners, including Ethereum, Arbitrum, Avalanche, BNB Chain, and Polygon. The integration will provide developers building on the layer-2 blockchain with access to Chainlink Data Feeds
Artificial intelligence (AI) has proven to be a disruptive force across various industries, and the crypto market is no exception. Enter yPredict, an innovative AI crypto signals platform that has recently secured an impressive $3.4 million in funds from global investors. With its cutting-edge suite of AI analytics tools, yPredict aims to revolutionize the world
Coinbase, one of the world’s leading cryptocurrency exchanges, has made an official entry into the Canadian market. In an announcement on August 14th, the exchange revealed its strategic collaboration with Peoples Trust Company, a subsidiary of the Peoples Group. This partnership marks a significant milestone as it introduces Interac payment rails, enabling seamless Canadian Dollar
In the ever-evolving world of blockchain and cryptocurrency, a new development called Bitcoin Ordinals has emerged. Created by Bitcoin developer Casey Rodarmor in January 2023, Ordinals are inscriptions made on individual units of a digital asset. They function similarly to limited edition lithograph prints, where each Ordinal is numbered and holds a unique value. Adding
Bitcoin mining has experienced significant growth in recent times, with the blockchain network achieving a new all-time high in hash rate during the second quarter of 2023. As a result, Riot Blockchain, one of the leading publicly traded Bitcoin mining companies in the United States, has observed a surge in its operations in the same
In a bid to secure a portion of the expanding cryptocurrency market, PayPal has recently unveiled its stablecoin, PYUSD. This new digital currency aims to enable swift fund transfers for various purposes, including remittances. Furthermore, PayPal has expressed its intention to support Web3 environments and eventually make PYUSD accessible on Venmo. This move towards Web3
The Securities and Exchange Commission (SEC), under the leadership of Chairman Gary Gensler, faces significant regulatory concerns regarding the approval of a Bitcoin spot ETF. Former SEC attorney John Reed Stark suggests that the issue of crypto regulation has become a partisan divide within the SEC, marking a significant shift from the initial bipartisan consensus
The recent filing of an amicus brief by a group of law professors and scholars has dealt a significant blow to the U.S. Securities and Exchange Commission’s (SEC) case against Coinbase. This legal document, which provides additional information and perspective to the court, has been described by crypto lawyer James Murphy as “devastating” for the
The US Commodity Futures Trading Commission (CFTC) recently made a significant announcement regarding a fraudulent project involving precious metals and digital assets. This fraudulent operation, run by four individuals and their unincorporated entity called Fundsz, managed to attract over 14,000 customers at its peak. However, the CFTC alleges that Fundsz never actually engaged in any
Bitcoin (BTC) is currently forming two successive Doji candlestick patterns on the weekly charts, indicating indecision in the market. However, the positive sign is that the price is sustaining above the 20-week exponential moving average ($28,072), suggesting that the bulls still have control. In this article, we will analyze the current market conditions for Bitcoin
The blockchain community has been captivated by the potential of Toncoin (TON), a digital currency that offers innovative solutions to longstanding issues in decentralized finance. With its rapid rise in popularity, Toncoin has garnered significant attention and enthusiasm. At the time of writing, Toncoin is trading at $1.46, showcasing a remarkable 10.4% increase in the
In today’s complex and ever-evolving world of blockchain technology, smart contract auditing has emerged as an essential service. As decentralized applications (dApps) continue to grow in complexity and popularity, ensuring their security, functionality, and integrity has become paramount. This article will delve into the significance of smart contract auditing and highlight some of the most
U.S. Senator Cynthia Lummis has recently come out in support of Coinbase’s motion to dismiss the U.S. Securities and Exchange Commission (SEC) lawsuit. In her amicus brief filed on August 11, Lummis argues that the court should dismiss the case and defer the development of appropriate crypto regulations to Congress. As a known advocate for
Lawmakers in Brazil are currently considering a legislation that would increase taxes on cryptocurrencies held overseas. The proposed bill aims to classify cryptocurrencies as “financial assets” for tax purposes in foreign investments. This article will analyze the potential impact of this legislation on the cryptocurrency market in Brazil. Equal Tax Treatment One of the primary
In the past 24 hours, both Shiba Inu and Pepe have surged by 8%, outperforming the broader crypto market. This comes after news of the SEC’s delay in deciding on the Ark Bitcoin ETF, causing the overall market to dip slightly. Analysts have noticed a pattern where, leading up to the previous Bitcoin halving, BTC
The blockchain market intelligence firm, Nansen, has recently released a comprehensive report analyzing the behavior and investment patterns of the early whales who onboarded Coinbase’s layer 2 blockchain, Base. This article aims to delve deeper into the findings of Nansen’s report and shed light on the preferences and strategies adopted by these pioneering investors. Ethereum
The GMX token, which powers GMX, a decentralized perpetual exchange for trading complex crypto derivatives, is currently experiencing intense selling pressure. This article delves into the recent downturn, examines the impact of whales selling GMX, and analyzes the implications for the GMX and DeFi communities. The Downturn and Whales Selling GMX As of August 11,
Financial markets have always been known for their unpredictability. Investors have long relied on experts, charts, and algorithms to make informed decisions. However, the advent of artificial intelligence (AI) and technology has introduced new tools that are reshaping the trading landscape. One such platform that is making waves is yPredict, a startup that aims to
Evernode, a layer 2 smart contract solution built on top of the XRP Ledger (XRPL), has recently announced an upcoming airdrop that aims to benefit XRP holders. This airdrop presents an exciting opportunity for investors to receive free Evers tokens. In this article, we will explore the details of the airdrop and what it means
Collecting art has always been about more than just the art itself. It’s about the story behind the piece and the identity of the artist. However, the emergence of Non-Fungible Tokens (NFTs) has revolutionized the art world by providing a way to attribute provenance to digital objects. In recent years, there has been a surge
Chinese law enforcement agencies are ramping up their measures to tackle the rising incidents of fraud and data theft within the Web3 sector. With personal identity thefts and digital financial crimes on the rise, authorities are facing the challenge of combating fraudulent activities that leverage increasingly sophisticated techniques and technologies in the rapidly evolving digital
Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing a correction in its price after failing to break through the $1,880 resistance zone. The digital asset is now trading below $1,850 and the 100-hourly Simple Moving Average, indicating a bearish sentiment in the market. Formation of Bullish Flag Pattern A bullish flag pattern is forming