The United States Office of Government Ethics (OGE) outlined that cryptocurrencies and stablecoins do not qualify as “publicly traded securities” according to the agency’s regulations. As such, it banned individuals who privately own digital assets from participating in Federal policies that could affect the valuation of such tokens. The OGE’s Recommendation In its latest legal...Read More
British multinational jeweler Graff Diamonds Corp. has filed a lawsuit against its insurer, The Travelers Companies, Inc. (Travelers), for failing to provide indemnity after it paid $7.5 million in Bitcoin to ransomware hackers. Graff Sues Insurer Over $7.5M BTC Ransom Loss According to a Bloomberg report on Wednesday, Graff’s security systems were exploited by the...Read More
A renowned Bitcoin trader is of the opinion that Bitcoin’s (BTC) 200-week moving average (200WMA) and relative strength index (RSI) is signaling a bullish trend. An analyst who is pseudonymously known as Plan B informs his 1.9 million Twitter fan base that though Bitcoin’s 200-Week Moving Average (WMA) is suggesting a decline, he awaits for...Read More
DappRadar published the latest edition of its quarterly report, focusing on how the fall of Terra, Celsius, and 3AC have changed the blockchain landscape as the liquidity crisis deepened, impacting major CeFi players. In addition, the document dives into the fierce competition among NFT marketplaces, stating that OpenSea’s dominance continued to shrink in Q2. CeFi...Read More
Kim Grauer – Director of Research at Chainalysis – said there’s been a “pullback” in funds received by cryptocurrency scam addresses during the bear market. Other forms of financial crime in the digital asset world, such as ransomware, do not reflect the same trend. Scams Track the Market As Grauer explained to Yahoo Finance on...Read More
Bitcoin price since the past couple of days has gained huge bullish momentum as it flipped from the lows just below $20,000, the second consecutive time. On the contrary, the asset also witnessed extreme bearish pressure during the last trading day but the bearish pressure failed to drag the price below $21,000. Therefore, displaying a...Read More
Tether still has the largest market share of all the stablecoins, but it is now around 43%, according to CoinGecko. Glassnode reports that the USDT market share is a slightly higher 45% but still shows the same downward trend of its dominance. According to the Tether transparency report, there are 66 million USDT in circulation,...Read More
The unwarned collapse of the cryptocurrency market caused a lot of tension among the crypto whales which made them seek refuge in the meme coins. In a shocking turn of events, despite recent developments by these meme coins, whales have been acquiring Shiba Inu (SHIB), ShibDoge, and Dogecoin (DOGE). Shiba Inu (SHIB), the second-largest holding...Read More
Solana Labs and key players in the Solana ecosystem were hit with a lawsuit on July 1 in California federal court. The class-action lawsuit was filed by Roche Freedman LLP and Schneider Wallace Cottrell Konecky in the district court for the northern district of California on behalf of plaintiff Mark Young, a resident of the...Read More
