New York judge Analisa Torres has ordered the Securities and Exchange Commission (SEC) to turn over internal documents, including emails and drafts, related to a speech from former commissioner William Hinman in 2018. The order marks a big win for Ripple in its legal battle with the regulator, as the story behind the speech may...Read More
The President of Kazakhstan – Kassym-Jomart Tokayev – said the authorities are ready to introduce a mechanism that will allow the converting of cryptocurrencies to cash if there is enough demand for such services. The positive tone toward the digital asset industry comes days after nearly 100,000 Russians entered Kazakhstan to escape the partial military...Read More
The Delaware Department of Justice’s Investor Protection Unit halted the operations of 23 entities and individuals involved in cryptocurrency romance frauds, known as “pig butchering” scams. A recent analysis conducted by Bankless Times estimated that Americans lost around $185 million between January 2021 and March 2022 due to such schemes. Crypto Scammers Again in the...Read More
The US Securities and Exchange Commission (SEC) has filed charges against The Hydrogen and its market maker, Moonwalkersfor, for allegedly engaging in unregistered securities and artificially inflating token’s priceoken. The SEC accused the two firms and thtwo execs of breaking the securities laws’ registration, anti-fraud, and market manipulation provisions. The securities watchdog also asked for...Read More
Along with Bitcoin, altcoins too have been the prey of extreme volatility since a while now. Just a couple of days before the market appeared to be recovering but that couldn’t hold on for long as the currencies dropped. While the currencies struggle for a bull run, one of the known analysts is predicting more...Read More
The Bank of Russia and the Ministry of Finance of the Russian Federation (MiFin) have agreed that crypto mining should be allowed only in certain areas. According to a new report by RBC-Crypto, Russian officials are preparing to legalize mining activity only in energy-rich regions and aim to ban the niche in energy-scarce ones. The...Read More
Bitcoin miners continue to operate at a loss as long-term holders are selling at a loss, according to an on-chain analysis from Glassnode. The firm estimates that industry players are still selling roughly 8000 BTC per month to cover their USD-denominated business costs. Miners in the Red As tweeted by Glassnode on Wednesday, miner balances...Read More
The bear market has been tough for everyone, and holding on to Coinbase shares may not be wise, according to Wells Fargo. The multinational financial services company issued a profitability warning stating that the current market conditions may hurt the publicly traded crypto exchange. Despite having the early-mover advantage, Coinbase is now facing stiff competition...Read More
The world’s largest digital asset manager – BlackRock – reportedly launched a blockchain exchange-traded fund (ETF) for the European market. The product enables such consumers to gain exposure to companies part of the cryptocurrency sector, including miners and exchanges. According to a recent coverage, BlackRock’s newest blockchain ETF is called “The iShares Blockchain Technology UCITS...Read More
[PRESS RELEASE – Tortola, British Virgin Islands, 29th September 2022] Decentral Games, the play & own Metaverse studio behind ICE Poker, Decentraland’s most popular gaming venue, have implemented a plan that would see ICE token emissions drop by 55%. The drop is achieved by changing the type of rewards obtained by delegated players who are...Read More
[PRESS RELEASE – Seoul, South Korea, 28th September 2022] Modhaus has completed an NFT-based voting process, called Gravity, that will define the member composition of the first K-Pop group directed entirely by fans. tripleS is the first ever K-Pop group to use blockchain technology to cast votes for a real-life artist. By using blockchain technology,...Read More
While Bitcoin and other digital assets have gained massive popularity over the past few years, the crypto industry has still not attained mainstream adoption. One of the biggest contributing factors is that cryptocurrencies still lack global acceptance as a mode of payment. One way to spur this adoption is by lowering entry barriers to crypto...Read More
Gen Art drop goes live on 30th Sept. A landmark partnership between ITV Studios and Reality+ means fans will soon be able to buy and trade officially licensed NFT artwork based on the classic TV show Thunderbirds. ITV Studios has partnered with Reality+ to create the “Thunderbirds: International Rescue Club”, a premium, utility-focused Non-Fungible Token...Read More
Following the exit of Michael Moro as the CEO of Genesis Global Trading, the crypto brokerage firm’s co-head of sales and trading is also stepping down from his position. The development continues the latest trend of crypto company executives who have resigned from their positions. In a tweet thread on Wednesday (September 28, 2022), Matt...Read More
Singapore-based company Terraform Labs has stated that South Korean prosecutors exceeded the limits of their authority regarding the arrest warrant against the firm’s co-founder, Do Kwon. Terraform Labs also said that the Luna token is not a security, arguing that public pressure could have caused the prosecutors to amplify the definition of securities. South Korean...Read More
The American asset manager that specializes in cryptocurrencies – Pantera Capital – is looking to raise $1.25 billion for its second blockchain fund. Not long ago, the head of the company – Dan Morehead – argued that the digital asset market had hit its bottom in June and a bull run is on the horizon....Read More
Circle is expanding its reach into other blockchains to maintain its influence in the crypto market after Binance and WazirX delisted its stablecoin USDC. This September 28, Circle Internet Financial, the firm behind USD Coin (USDC) and Euro Coin (EUROC), announced that it is working on expanding into five major blockchains. Specifically, Circle plans to...Read More
Leading cryptocurrency lender Nexo has acquired a stake in Hulett Bancorp (DBA Mode Eleven) and its subsidiary federally chartered bank Summit National Bank, regulated under the US Office of the Comptroller of the Currency. The deal will allow the crypto lender, which has around $4 billion in assets under management, to further scale its financial...Read More
