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
SEC Chair Gary Gensler recently expressed his confidence in the approval process for spot Ethereum ETFs during an interview at the Bloomberg Investment Summit. Despite not providing a specific timeline, Gensler highlighted that the main focus is currently on asset managers. He emphasized the importance of full disclosure by asset managers to ensure smooth registration
The recent strategic partnership between Oasys, a blockchain platform, and South Korean gaming community platform Vortex Gaming, has sparked excitement in the gaming industry. By joining forces, the two entities aim to broaden Oasys’ presence in the Korean market and introduce Vortex players to the world of blockchain-based gaming. This collaboration is expected to not
Bitcoin recently faced a significant rejection at the $62,498 resistance level, signaling a prevailing bearish dominance in the market. This failure to break through a critical threshold underscores the strength of selling pressure and raises concerns about potential downward trends. The rejection at this key level has prompted caution among traders and investors, leading to
Bitcoin, the undisputed king of cryptocurrencies, finds itself at a crucial juncture as it navigates through a period of uncertainty. Having witnessed a remarkable surge in the first half of 2024, soaring past the significant $71,000 threshold, the digital asset has now retraced, with its price currently stabilizing around the key support level of $61,000.
Recently, a US bankruptcy court approved FTX to solicit votes on a liquidation plan that involves paying customer claims in cash. This plan, which bases payments on crypto prices at the time of FTX’s collapse in November 2022, has sparked controversy among customers seeking higher amounts due to the rise in crypto prices. Despite objections
The Spot Bitcoin ETFs have been experiencing outflows for seven consecutive days, with an average of $100 million being pulled out daily. This has led to a total of $1.2 billion being withdrawn from the funds so far. The high level of outflows is seen as alarming, especially considering the correlation with the decline in
In the realm of blockchain gaming, an unprecedented collaboration has emerged between Netmarble’s Marblex and Immutable, focusing on the utilization of Immutable’s cutting-edge zkEVM chain. This innovative layer-2 Ethereum network is poised to revolutionize the gaming landscape by introducing advanced features and capabilities to enhance the gaming experience for both developers and players. The standout
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a subject of interest since it began in 2020. The outcome of this lawsuit will have a significant impact on the classification of XRP as a security and could potentially influence its legal status in the eyes of regulators.
The cryptocurrency market is abuzz with anticipation as asset managers gear up for the launch of new spot Ethereum ETFs, awaiting approval from the US Securities and Exchange Commission (SEC). This development has sparked interest and speculation among investors and analysts alike, with many industry experts weighing in on the potential implications of these ETFs
Scott Matherson, a well-known crypto writer at NewsBTC, has established himself as a leading voice in the cryptocurrency industry. With a background in banking and investment, Scott brings a wealth of experience to his writing, allowing him to simplify complex topics for readers from all walks of life. Scott’s dedication to clarity and accuracy has