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
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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.
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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
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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
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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
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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
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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
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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
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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
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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
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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.
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Bitcoin (BTC) has continued its downtrend, reaching new local lows of under $59,000. During the mid-hours of the United States Monday trading session, BTC briefly fell below $60,000 to register a new local low of $58,500. This slump has persisted as outflows from the U.S. spot Bitcoin exchange-traded fund (ETF) market have continued into the
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Marvel Entertainment’s partnership with VeVe signifies a significant shift in the world of digital collectibles with the integration of NFTs. This collaboration not only revolutionizes how fans engage with Marvel comics but also brings together traditional and digital collecting in a seamless manner. By offering over 300 digital comic issues from Marvel, VeVe’s platform introduces
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MetalCore presents an innovative approach to gaming with its sci-fi mech shooter set on the distant planet of Kerberos. This MMO game offers players thrilling PvPvE battles and a player-driven economy that impacts gameplay. By immersing players in epic mech battles amidst war-torn landscapes, MetalCore showcases strategic combat and immersive gameplay, reflecting the changing landscape
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Anthony Scaramucci, the founder of SkyBridge Capital, has made some bold predictions about the future of Bitcoin. He believes that if his preferred presidential candidate, Joe Biden, wins the election, Bitcoin could see new all-time highs. Scaramucci is confident that during a second Biden administration, Bitcoin could reach prices between $170,000 and $250,000. Scaramucci’s support
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Coinbase, a prominent player in the cryptocurrency sector, is facing potential regulatory challenges due to its compliance with new FASB accounting rules. These rules, set to take effect in 2025 but already adopted by some firms, shift the accounting and disclosure of digital assets to a fair-value model from the previous cost-less-impairment model. Changes in
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Dalmas Ngetich is a prominent figure in the crypto industry, known for his in-depth knowledge and expertise in topics such as NFTs, blockchain, DeFi, and blockchain news. With a background in mechanical engineering and over a decade of experience in journalism, Dalmas has crafted over 10,000 news and feature articles over the past eight years.
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Bitcoin is currently facing a significant decline in price, edging closer to the critical $60,000 mark. This downward trend is primarily driven by a mix of macroeconomic factors and mounting selling pressure. The prevailing sentiment in the market has turned decidedly bearish, causing anxiety among investors and traders. The $60,000 threshold has become a focal
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In recent years, the world of digital collectibles has exploded with the popularity of NFTs (non-fungible tokens) taking center stage. These digital assets have not only enthralled artists and collectors, but have also opened up new avenues for investment. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, NFTs are unique digital assets that cannot be exchanged
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