Numerous cryptocurrency advocacy groups, including CoinCenter, have expressed their disapproval of a Senate bill that seeks to enforce stringent regulations on individuals involved in decentralized finance (DeFi). The proposed legislation, known as the Crypto-Asset National Security Enhancement and Enforcement Act (CANSEE), aims to hold DeFi platform operators and major stakeholders accountable for any illicit activities
According to a recent report from CryptoQuant, Ripple’s landmark victory in its lawsuit against the U.S. Securities and Exchange Commission (SEC) has potentially initiated a bull market for neighboring altcoins. The crypto market intelligence firm has provided data indicating a surge in altcoin market activity over the past week, compared to the relatively stagnant Bitcoin
In a recent episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Ripple’s legal battle with the Securities and Exchange Commission (SEC) and the implications it has had on the cryptocurrency market. While initial reactions to the news caused a surge in altcoin trading, the gains were short-lived as investors began to process
Meme coins have once again gained momentum on top decentralized exchanges (DEXs) like Uniswap. Today’s market has already witnessed impressive pumps for feel-good projects such as $HOPPY, $WOLF, and $POP. After a strong year for the meme coin vertical, straight-to-DEX token launches have experienced a renaissance. DEXtools, a leading DeFi trading app, provides insights into
Societe Generale’s cryptocurrency arm, SG Forge, has made history by becoming the first company to receive a regulatory license as a Digital Asset Service Provider from the French Financial Markets Authority (AMF). This license, known as the DASP license, is the highest level of regulatory certification available for digital asset activities. While there are currently
In the second quarter of 2023, Bitcoin’s performance stood out as its market dominance increased in comparison to altcoins, which experienced significant losses. According to CoinGecko’s industry report released on July 18, Bitcoin (BTC) and Ether (ETH) continued to build upon their gains from the previous quarter. However, other cryptocurrencies like Binance Coin (BNB), XRP
Fidelity Digital Assets recently published their “Q2 2023 Signals Report,” expressing a positive outlook for Ether (ETH) in the next 12 months and the long term. While Ether has already gained 62% year-to-date, the investment firm’s bullish stance does not necessarily imply that the ongoing bullish trend will be sustained. To determine the accuracy of
Futureverse, a leading company in the metaverse industry, has announced the successful closure of a $54 million Series A funding round. This funding round saw significant participation from 10T Holdings, LLC (“10T”) and Ripple, showcasing strong support for Futureverse’s innovative vision. The company’s mission is to empower developers and users to create and interact with
Mahe, Seychelles, July 18th, 2023 – In an exciting development, the highly sought-after token $TET, which has been performing exceptionally well on Uniswap, has now been listed on the prestigious MEXC Exchange. This listing marks a significant milestone for the Tectum project and introduces a range of thrilling prospects for investors and traders across the
TaxNodes, a platform that calculates taxes on cryptocurrency profits and facilitates Income Tax Return (ITR) filing, is taking a groundbreaking step. They have announced an initiative to provide complimentary Non-Fungible Tokens (NFTs) to all eligible customers who file their ITR for crypto gains through their platform in India. This move aims to express gratitude towards
Blockchain analytics company IntoTheBlock has analyzed on-chain data and found that approximately 29% of all circulating bitcoins (BTC) have not been moved for more than five years. This significant portion of unmoved assets could potentially represent lost coins, according to analysts at IntoTheBlock. Their findings align with a recent report from crypto exchange Bitfinex, which
Bitcoin (BTC) showed resilience as it held the $30,000 support level on July 17, despite observers predicting a potential drop. The lack of volatility in BTC/USD over the weekend indicated a stagnant market with no significant catalysts for change in risk assets. On-chain monitoring resource Material Indicators described the current state as a battle between
ZkSync Era, a popular Ethereum layer-2 scaling solution, has recently introduced a groundbreaking proof system called Boojum. This system is based on the Scalable Transparent Argument of Knowledge (STARK) and is designed to operate on consumer-grade general processing units (GPUs). Boojum aims to enhance the efficiency and accessibility of Ethereum scaling protocols by leveraging zero-knowledge
Crypto exchange Binance has announced the successful integration of the Bitcoin Lightning Network (LN) for its deposits and withdrawals activities. The LN is a payment protocol built on Bitcoin that aims to address scalability issues and improve user experience. Binance Joins Leading Exchanges Binance now joins the ranks of Bitfinex, Kraken, and OKX as one
In a significant development for the Web3 decentralized domain space, Unstoppable Domains has announced its support for .eth domain names from the Ethereum Name Service (ENS). This collaboration brings together two of the most prominent platforms in the industry, allowing users to create human-readable domain names and cryptocurrency wallet addresses. Unstoppable Domains and ENS have
Brad Garlinghouse, the CEO of Ripple, has accused the U.S. Securities and Exchange Commission (SEC) of prioritizing “politics and power” over the creation of “sound policy.” In a recent interview with Bloomberg, Garlinghouse reiterated his criticisms against the regulatory watchdog, claiming that instead of providing clear rules for the cryptocurrency industry, the SEC has been
Authorities in the United States have apprehended Brandon Austin and his father, Eugene “Hugh” Austin, on charges of operating a significant cryptocurrency fraud, with allegations of embezzling more than $10 million from investors. Brandon, who has already pleaded guilty, is awaiting his sentencing on September 6. The recent reports suggest that federal agents detained 27-year-old
Wall Street Memes, a prominent retail investing community that emerged in 2021, has reached a significant milestone in its token presale. With a massive following of 1 million supporters across various social media channels, Wall Street Memes has become a powerful force in the world of online investing. The community’s strength has led many analysts
Binance, the world’s largest cryptocurrency exchange, is reportedly set to lay off thousands of employees as it faces a legal dispute with US regulators. The company’s CEO, Changpeng Zhao, acknowledged the layoffs but disputed the reported numbers of terminated staff members. According to the Wall Street Journal, Binance has already dismissed over 1,000 employees in
CLabs, the organization responsible for the development of the Celo blockchain, is looking to reintegrate with the Ethereum ecosystem. They are planning to transition from an independent layer-1 blockchain to an Ethereum layer-2 solution. This proposal, discussed on Celo’s governance forum, suggests leveraging OP Stack as the architecture for the transition. By doing so, CLabs
Blockchain technology has seen impressive growth in recent years as businesses strive for digital transformation. According to a report by market research platform MarketsandMarkets, the global blockchain market is estimated to be worth $7.4 billion in 2022, with projected revenue of $94 billion by the end of 2027. This represents a compound annual growth rate
US prosecutors have filed charges against Soufiance Oulahya, a Moroccan citizen currently in custody, for allegedly stealing cryptocurrencies and non-fungible tokens (NFTs) with a total value of $450,000 from a victim in Manhattan. Oulahya is accused of creating a fake OpenSea marketplace in 2021 to carry out the theft. Indictment Details According to the United
Multichain, a cross-chain router protocol that recently fell victim to hacking, has made the difficult decision to cease its operations. The company cited a dire lack of operational funds as the primary reason behind this unfortunate development. Furthermore, the whereabouts of Multichain’s CEO, Zhaojun, have become a cause for concern, as he is currently in
Renowned author and entrepreneur Robert Kiyosaki has expressed his continued support for bitcoin, gold, and silver as he warns of the consequences of the US government’s policies. In a recent tweet, Kiyosaki praised these three assets while highlighting the fact that the wealthy will continue to accumulate wealth. The US stock market indexes have seen
Ray Salmond, the show host and Cointelegraph head of markets, recently had a conversation with KryptosChain, a Polkadot ambassador and content creator, on the latest episode of Market Talks. The discussion revolved around the current state of the crypto market and the significant transformations happening in the Polkadot ecosystem. According to KryptosChain, there are signs
Republican Presidential candidate Ron DeSantis has declared that if he becomes president, he will immediately put an end to the development of central bank digital currency (CBDC). In an interview with Blaze Media, DeSantis stated that a CBDC poses a significant threat to American liberty and that it will have no place in the country
Attorneys representing Sam Bankman-Fried (SBF) have requested Judge Lewis Kaplan to issue an order allowing certain individuals to visit their client without the need for security checks. Although SBF is permitted to stay at his parents’ house, he is subject to strict restrictions that include wearing an electronic monitoring bracelet and having a security guard