The quantity of bitcoin (BTC) supply that has remained inactive for the past two to three years has reached a two-year peak. This happened even as the asset’s price has been consolidating below $29,000, following a recent drop below that level more than a week ago. Glassnode, a company that provides intelligence on blockchain data,…
A lawmaker reportedly sold more than $4 million worth of cryptocurrency before the “Travel Rule” was enforced by the Financial Action Task Force in the country. Kim Nam-kuk, a lawmaker from South Korea, has stated that he is leaving the Democratic Party due to allegations of his involvement in cryptocurrency while working on legislation related…
Head of US DOJ crypto enforcement unit vows to take action against unreliable cryptocurrency exchanges, decentralized finance platforms, and anonymous transaction mixers. The US Department of Justice’s national team responsible for cryptocurrency enforcement (NCET) has announced plans to strengthen its efforts in targeting wrongdoers within the crypto market, as reported by FT on May 15th….
Recent data has revealed the number of traders who have experienced losses compared to those who have made profits with the meme token Shiba Inu. IntoTheBlock, a data provider, has recently released new information regarding Shiba Inu (SHIB), which is currently the largest meme token globally, following Dogecoin. Based on the latest information from IntoTheBlock,…
Stuart Alderoty, Ripple’s Chief Legal Officer, highlighted two lawsuits where the US SEC debated the issue of ‘Common Enterprise’. The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has been closely watched by the crypto industry. A Summary Judgment in the case, which is highly anticipated, could bring clarity…
The Reserve Bank of Zimbabwe achieved a successful sale of its first gold-backed cryptocurrency. The Reserve Bank of Zimbabwe has sold gold-backed digital tokens valued at around $39 million, equivalent to 14 billion Zimbabwe Dollars, despite a warning from the International Monetary Fund. On May 12, the Zimbabwean central bank revealed that it had received…
There have been reports of issues with withdrawing funds on Coinbase, a widely used cryptocurrency exchange. Coinbase, a major cryptocurrency exchange, stated that customers from the UK and Canada experienced difficulties in withdrawing funds to their PayPal accounts. The company acknowledged the issue and mentioned that they are currently working on resolving it. As per…
The SEC initially wanted LBRY to pay millions of dollars in penalties, but now realizes the company cannot afford to pay that much. The US securities regulator wants to change its $22 million penalty against LBRY, a decentralized content platform. They now understand that LBRY probably doesn’t have enough money to pay that amount. On…
A wallet that hasn’t been used for almost a year took out stablecoins from Binance and used them to buy meme tokens. A big crypto investor, known as a whale, made a huge buy of LADYS tokens, a meme coin based on the Milady NFT collection, after not doing anything for a whole year….
According to the United States Congressional Budget Office (CBO), the government’s yearly deficits are expected to almost double in the next ten years. A recent report warns that the United States government may face a serious problem by June, as it could struggle to meet all of its financial obligations. The report, published by the…