Rumors are spreading in the cryptocurrency world that BlackRock might have gained approval for a Spot Bitcoin ETF. If this turns out to be true, it could trigger a significant surge in Bitcoin’s price, possibly reaching $40,000. This news is essential for both regular and big investors. If a giant like BlackRock supports Bitcoin through…
The Terra Luna Classic community is voting on an important proposal. They want to increase the minimum amount you have to deposit to 5 million tokens. They’re doing this to prevent scam proposals. The Terra Luna Classic community is dealing with many proposals, but some seem like spam, especially as the prices of LUNC have…
US Senator Ted Cruz thinks Bitcoin is not just about freedom; it also helps the economy and the environment in the state. In a recent interview with Forbes, US Senator Ted Cruz talked about Bitcoin’s role in the Texas economy. Cruz said that crypto is becoming more important in the state’s economy. He mentioned that…
Someone who wasn’t supposed to got into PEPE’s old Telegram channel. They used it to promote things that were not real. PEPE asked its members to only pay attention to messages from its official Twitter account. The PEPE crypto community had some bad news to share. They said their old Telegram channel, which they used…
“SEC Approves Nasdaq’s AI Trading Tool: M-ELO Enhances Efficiency with Real-time Order Adjustments, Demonstrating Promising Results” Despite strict crypto regulations, the SEC’s approval of AI is raising eyebrows due to potential double standards on innovation. In a rapidly evolving landscape, AI is gaining prominence, notably through tools like M-ELO, which uses real-time AI to rapidly…
On September 8, the U.S. Commodity Futures Trading Commission (CFTC) made an announcement regarding its enforcement actions against three decentralized finance (DeFi) protocols: Opyn, ZeroEx, and Deridex. The CFTC accused these protocols of failing to register their derivatives trading services, which violated federal law. Additionally, Deridex and Opyn were charged with breaching client protections under…
According to the report, the top eight exchanges have a combined 91.7% control over market depth. Binance leads the crypto market with a 30.7% market depth, and Kaiko noted that this increase is partly due to the exchange’s zero-fee trading promotion. A recent report from data analytics company Kaiko has shed light on the concentration…
Grab, a well-known ride-hailing service in Asia, has added a Web3 crypto wallet to its platform, which could affect around 180 million users. This integration is specifically designed for the Polygon wallet, highlighting MATIC’s potential as a user-friendly cryptocurrency for transactions. As per a recent tweet from “Wu Blockchain @WuBlockchain,” Grab, often called the “Uber…
The US Department of the Treasury and the Internal Revenue Service (IRS) have put forth new rules outlining what crypto brokers must report. The US Small Business Administration’s Office of Advocacy has revealed that on August 29, a proposal for cryptocurrency regulations targeting brokers was introduced. Starting January 1, 2025, digital asset brokers, including trading platforms,…
Digital Currency Group, the owner of the now-bankrupt crypto lender Genesis, faced criticism on Wednesday for allegedly borrowing a substantial amount of bitcoin and failing to repay it. Genesis Global Capital is taking legal action against Digital Currency Group (DCG) for several unpaid loans totaling hundreds of millions of dollars that were due in May….
El Salvador’s Ministry of Education has joined forces with Mi Primer Bitcoin (MPB) with the goal of incorporating Bitcoin education into schools by the year 2024. Representatives from MPB, as reported by cointelegraph.com, have confirmed their collaboration with the Ministry of Education, with support from Bitcoin Beach. The Bitcoin education component will mainly rely on…
The upcoming accounting rules by FASB promise to be a significant improvement compared to the current standards, thanks to increased feedback from regulators. US regulators are actively working on improving accounting standards for Bitcoin (BTC) to better account for its price fluctuations. These long-awaited regulations are expected to be introduced by the end of the…
The former CEO of FTX, Sam Bankman-Fried, is seeking temporary release to prepare for his trial scheduled for October. Sam Bankman-Fried, who is facing various financial crime charges connected to the collapse of his crypto exchange in November 2022, will remain in a Brooklyn jail until federal appellate judges make a decision regarding his request…
Friend.tech, a new social media platform in the cryptocurrency world, is being examined to determine if its keys should be considered securities and regulated by the U.S. Securities and Exchange Commission (SEC). In a recent Unchained Podcast episode hosted by Laura Shin, legal expert J.W. Verret and tax specialist Jason Schwartz discussed the legal and…
Astar Tokenomics 2.0: Lowering Inflation, Transaction Fees, and Introducing dApp Staking for Growth. Developed with External Experts. Greetings Astar Community and Friends! We’re excited to introduce Astar Tokenomics 2.0, a sophisticated financial model created to support Astar’s growth and user engagement. After three months of collaboration with external tokenomics experts, we’ve developed a detailed model…
Dan Gambardello, founder of Crypto Capital Venture, compares Cardano (ADA) to Amazon, believing it has the potential for significant long-term growth, even in a bearish market. He thinks Cardano could become a top financial operating system globally due to its solid foundation, enhanced technology, and a market cap of $8.9 billion. Dan Gambardello, the founder…
Binance, the world’s biggest crypto exchange, is getting rid of pairs for 20 altcoins as part of its cleanup efforts. Here’s what you need to know. Binance, a major cryptocurrency exchange, is removing 20 pairs involving BUSD and 20 altcoins as they work on cleaning up their pairs, especially those involving BUSD. Binance mentioned that…
Grayscale’s Bitcoin Trust ($GBTC) has sent a strong letter to the SEC, questioning why there are different rules for spot Bitcoin ETPs and Bitcoin futures ETPs. They want the SEC to explain its regulations. Grayscale is urging the SEC to quickly make a decision on NYSE Arca’s Rule 19b-4 filing. They say the long wait…
The outcome of the race for a regular Bitcoin ETF may be determined in early 2024, and if it happens, the price of Bitcoin could soar. In the ongoing discussion about the regular Bitcoin ETF, Bloomberg Analyst James Seyffart pointed out that the recent court decision against the SEC in the Grayscale case is a…
Visa, a global payment solutions leader, is taking steps to modernize cross-border money transfers. The company is expanding its use of stablecoins and integrating the Solana blockchain. This initiative involves collaboration with major merchant acquirers, Worldpay and Nuvei, and aims to transform financial transaction processing. Visa has already conducted successful live pilots, allowing the seamless…
A leaked excerpt from Elon Musk’s upcoming biography unveils his active role in Dogecoin development, indicating more than mere social media advocacy. Additionally, since acquiring Twitter, which has been rebranded as X, Musk has been steering the platform toward his original vision, which involves introducing a revenue-sharing system. This insider information sheds light on Musk’s…
Bitget, a crypto trading platform, is teaming up with IEEE at Manipal University Jaipur to organize a crypto trading competition for students. The IEEE Student Branch at Manipal University Jaipur is a group of tech enthusiasts, and Bitget is known in the crypto world. The main part of this partnership is a crypto trading competition…
India’s Finance Minister Nirmala Sitharaman has said that discussions are happening among G20 countries to create worldwide rules for regulating cryptocurrencies. G20 countries, including India, have decided that dealing with cryptocurrencies needs cooperation worldwide. They are talking about making rules for cryptocurrencies together. India’s Finance Minister confirmed this during an event on Tuesday. Global Discussions…
Paul Grewal, Coinbase’s Chief Legal Officer, stated in a recent tweet, “Dollar-backed Stablecoins are here whether you like it or not,” underscoring the regulatory dilemma in the U.S. Should stablecoins be regulated or allowed to operate freely and risk moving overseas? The entire stablecoin market, valued at less than $0.2 trillion, is a small fraction…
Billionaire entrepreneur and CEO of Tesla and SpaceX, Elon Musk, is set to release his biography on September 12, as shared in a recent Twitter post by Wu Blockchain. The book, authored by renowned writer Walter Isaacson, explores Musk’s impact on the meme coin originally created as a joke. Unveiling Musk’s Support for Dogecoin: The…
Worldcoin, co-founded by OpenAI CEO Sam Altman, is under heightened government scrutiny globally as 2.3 million people globally sign up for iris scans in exchange for a digital ID and cryptocurrency. Investigations into Worldcoin’s data collection practices are underway in Argentina, Britain, France, Germany, Kenya, and Portugal. Governments worldwide are increasingly focusing on the cryptocurrency…
India’s digital currency exchange, CoinSwitch, is cutting its workforce by 8% as it explores ways to adapt to current market conditions. The job cuts primarily affected employees in customer support roles, where the exchange saw redundancy. A total of 44 individuals were affected, and CoinSwitch claims that these employees voluntarily resigned after discussions with management….
Elon Musk has been supporting the development of Dogecoin and even explored the idea of creating a social media platform based on blockchain technology. He also joined forces with SBF (Sam Bankman-Fried) in an unsuccessful attempt to buy Twitter for $5 billion. A biography set to launch on September 12 unveils Elon Musk’s secret involvement…
Just like how Satoshi Nakamoto’s identity remains a mystery in the world of Bitcoin, the founder of Shiba Inu (SHIB), known as Ryoshi, has also piqued the curiosity of the crypto community since the cryptocurrency’s launch. There are numerous theories circulating on the internet, some with solid evidence, and now a new one is gaining…
In a striking show of its crypto expertise, Robinhood has become a big player in the Shiba Inu world by holding a whopping 34 trillion SHIB tokens. This achievement firmly establishes Robinhood as one of the biggest SHIB token holders. Furthermore, Robinhood is also the fifth-largest custodian of Ethereum (ETH), and it possesses a substantial…
Today, the cryptocurrency market isn’t looking very positive, as several significant coins like Bitcoin, Pepe Coin, and XRP are experiencing price declines. Today, the overall mood in the cryptocurrency market is pessimistic. Many are hoping for a boost from the approval of a spot Bitcoin ETF, but the decision by the SEC has been delayed….
Binance Destroys 796 Million Terra Luna Classic (LUNC) Tokens in 13th Burn, First Time Below 1 Billion. The biggest crypto exchange, Binance, has destroyed 796 million Terra Classic (LUNC) tokens in the 13th burn event. Binance has now burned almost 37 billion LUNC tokens in total, while the community has burned over 74 billion. Traders…
Swift and Chainlink successfully completed a project to facilitate tokenized value transfers between different blockchains. The project involved a consortium of leading financial institutions and used Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The success of the project is a significant step towards improving the efficiency and scalability of tokenized asset markets on a global scale. Swift’s…
Elon Musk’s social media platform, X (formerly known as Twitter), has obtained licenses to process money or currency in seven U.S. states. These states include Maryland, New Hampshire, and Rhode Island. Elon Musk’s social media platform, X (previously Twitter), has acquired licenses in seven U.S. states to operate as a money or currency transmitter. The…
At Intersekt23 in Melbourne, legal expert Jeremy McLaughlin discussed the US digital asset scene and hinted at a potential revival. Recent court decisions have drastically changed the regulatory landscape. SEC’s Hold Weakens, Promising Future for US Crypto McLaughlin’s analysis helps us understand a bunch of fights in the court that have not been good for…
Polygon’s main token, MATIC, is evolving into POL, a next-gen token that offers advanced features including multi-chain staking without the usual risks. The shift from MATIC to POL will be easy for current stakers through a streamlined “1/2 click upgrade.” This is part of Polygon 2.0, which aims to broaden the ecosystem with an interconnected…
Vivek Ramaswamy, who wants to be the Republican Presidential candidate, said that the court’s decision about Grayscale makes it easier for more new and creative things to happen with Bitcoin. Grayscale, the company that won against the US SEC on Tuesday, has made people, including those running for the US Presidential Election in 2024, talk…
Crypto lawyer John Deaton disappointed with XRP and BTC price performance after SEC lawsuit; both saw modest increases of over 3% in the past 24 hours. Cryptocurrency lawyer and enthusiast John E Deaton shared on Twitter that he was disappointed with the performance of Ripple (XRP) and Bitcoin (BTC). He had expected XRP to reach…
Binance is set to remove nine margin trading pairs on September 7. The exchange will initially halt isolated margin borrowing for these pairs. This move comes after regulatory scrutiny impacted BUSD, resulting in a loss of over $30 billion in value this year. Binance, the largest cryptocurrency exchange, has announced the removal of several margin…
Social media giant X (previously Twitter) has obtained the Rhode Island Currency Transmitter License, allowing it to provide crypto payment and trading services in the US. This aligns with Elon Musk’s vision to turn the platform into a comprehensive app, alongside previous steps like Bitcoin tipping and NFT profile picture support. In a significant change…
Sam Bankman-Fried’s lawyers are unhappy about the 7.7 million pages of information provided by the government as part of the legal process. The discussions between Bankman-Fried’s legal team and the Department of Justice continue, leading up to a virtual hearing on August 30. The US government’s lawyers submitted a letter on Tuesday to the Court…
A US court ruled in favor of Grayscale in its lawsuit against the SEC over the approval of a spot Bitcoin ETF. A US appeals court has ruled in favor of Grayscale in its lawsuit against the SEC over the approval of a spot Bitcoin ETF. This is a major victory for the cryptocurrency industry,…
The biggest cryptocurrency exchange in the world, Binance, is reviewing its operations in Russia. A representative from Binance shared this information with the Wall Street Journal. Binance, which is the biggest exchange for cryptocurrencies globally, is taking a new look at its operations in Russia due to legal concerns in the country. The Wall Street…
The SEC is now paying attention to NFTs. They took their first action about it. Some of the people in charge had different thoughts about it. The U.S. Securities and Exchange Commission (SEC) has said that a company named Impact Theory in Los Angeles broke the rules by selling non-fungible tokens (NFTs) without asking permission….
The Shiba Inu team restarted Shibarium for everyone to use, and now Staked BONE and wallet addresses reached new records. The Shiba Inu community is getting more active, and the project is doing really well. More people are interested in SHIB, and the token is getting a lot of attention on social media. These good…
Bitcoin’s price has been around $26,000 and the market has been quite unstable lately. Many other cryptocurrencies have also been stuck after a big drop, causing over $1 billion to vanish from the market in the last 10 days. This could lead to a longer period of stability, which might cause a big positive surge…
By August 28, Google and other prominent online platforms must revise their service policies to adhere to EU standards outlined in the Digital Services Act. According to an August 24 blog post, Google is planning to update some of its service policies to align with the European Digital Services Act (DSA). The company has invested…
Bitcoin (BTC) is currently exhibiting cautious sentiment as indicated by the Crypto Fear and Greed Index, which stands at 39 out of 100 in the fear zone, showing a slight increase from the previous day. This sentiment reflects the prevailing uncertainty in the cryptocurrency realm. Amidst this backdrop, Bitcoin’s price trend takes center stage, influenced…
XRP Community Excited by Ripple’s Licenses in the US: Crypto Community Responds to XRP’s Competitive Edge with Regulatory Approval in 31 US States. The XRP community is getting more positive about XRP’s future due to Ripple’s licenses in the United States. A well-known XRP supporter, WallStreetBulls, pointed out that Ripple has received approval from 31…
Ethereum’s price is currently facing significant downward trends. Amid this decline, Ethereum’s co-founder, Vitalik, has transferred 3,000 ETH to a different wallet. In an important development, the wallet linked to Ethereum’s co-founder Vitalik Buterin, named “vitalik.eth,” has conducted a transfer of 3,000 ETH, which is approximately worth $4.95 million, to an address labeled as “Vb…