Grayscale’s lawsuit against the SEC has started gaining traction as prominent names from the crypto industry rallied behind the asset manager. The latest one to chime in is Coinbase. The cryptocurrency exchange has filed an amicus brief backing Grayscale Investment’s lawsuit against the United States Securities and Exchange Commission (SEC) for disapproving the company’s proposal...Read More
Mike McGlone – Senior Commodity Strategist for Bloomberg Intelligence – recently suggested that Bitcoin could be entering its “unstoppable maturation” stage as a nascent technology. The strategist also characterized Bitcoin as a possible leading market indicator, which could currently be signaling an end to Federal Reserve rate hikes. Bitcoin as Global Collateral As McGlone explained...Read More
Binance announced updates to the deposit and withdrawal fees for LUNC and USTC on the Terra Classic network. This comes after the community passed proposal 5234, first presented by Akujiro, to lower the tax burn from 1.2% to 0.2% and take 10% of the collected seigniorage and add it to the community pool at the...Read More
The inflation rate in the United Kingdom surpassed 10% for the first time in the past 40 years. Local economists warn that the figures could rise to 11% in the following months, driven by soaring food and fuel prices. What does it mean for Bitcoin, though? Unseen Inflation in the Last 40 Years The past...Read More
Ethereum is failing to find an upward way to make a bullish momentum as it suddenly made a bearish reversal from $1,341 on 18 October. It seems that ETH’s whale investors are playing a pump-and-dump game to maximize their profits amid the market crash. Ethereum was expected to be the crypto community’s favorite after the...Read More
[PRESS RELEASE – Please Read Disclaimer] Metaintro, the professional resume wallet for web3, closed a $5.6M seed round with backing from Druid Ventures, Legacy Research (via Republic), Untapped Ventures, Ziba Capital, and grants from NEAR and Aave. Since the release of Vitalik’s essay on SBT’s (soul-bound tokens) in June of 2022, the conversation around digital...Read More
[PRESS RELEASE – Bengaluru, Bengaluru, 19th October 2022] The country is home to over 450 active Web3 startups, including four unicorns India has over 11% of the global Web3 talent, making it the 3rd largest Web3 talent pool in the world India’s Web3 potential is currently hamstrung by lack of policy clarity and comprehensive regulatory...Read More
On-chain data revealed that the bitcoin holdings of larger investors – typically referred to as whales – have been on the decline for the past several months. At the same time, smaller investors’ BTC bags are on the rise, tapping a fresh all-time high. Whales Vs. Retail Santiment classifies BTC investors holding between 100 to...Read More
Celsius has been one of the more high-profile casualties of a sharp sell-off in the crypto market that was triggered in part by May’s collapse of the Terra blockchain. The now-bankrupt crypto lender’s legal headaches continue. In the latest development, the company is reportedly facing US federal investigations, a Tuesday filing from lawyers for its...Read More
The Ripple vs SEC lawsuit is nearing its 1st year anniversary. In December 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple founders for offering illegal securities and claiming that XRP was a security. After an extended dispute, the legal battle has finally reached the Summary Judgement Phase. This has led...Read More
On the 18th of October, Moola Market – a decently sized crypto lending platform – was exploited via price manipulation of its native token, MOO, which has relatively low liquidity. However, CELO – an ecosystem that Moola Markets is part of – does not. The exploit was similar in nature to the recent Mango Markets...Read More
[PRESS RELEASE – Singapore, Singapore, 19th October 2022] BinaryX, a GameFi development platform, today announced the launch of their official RhinoX roadmap which unlocks new and exciting use cases for soulbound tokens in the Web3 space. The roadmap reveals RhinoX’s ambitious plans to develop a ‘soul breeding’ mechanism that gives existing RhinoX token holders the...Read More
It appears that U.S. lawmakers have bigger fish to fry as stablecoin and crypto regulations remain on the back burner. During a financial conference on Oct. 18, representative Jim Himes said that the bill will not happen this Congress due to upcoming elections. “It’s probably not happening in early 2023,” Himes said as frustrations mount...Read More
We’re excited to share that spot trading on the BitMEX Spot Exchange is now available to web based users in Hong Kong, with immediate effect. This means that verified users can now buy, sell and trade their cryptocurrencies via a fully-fledged orderbook on BitMEX Spot. Please note that some existing Hong Kong users may need...Read More
Aptos (APT) launched across spot markets yesterday. And from today at 04:00 UTC, BitMEX users can trade the APT coin via our APTUSD and APTUSDT listings – with up to 50x leverage. Aptos – a newly announced project backed by some of the biggest names in crypto – aims to deliver the world’s safest and...Read More
A day after Indian Finance Minister Nirmala Sitharaman spoke about her plans to work towards a tech-driven regulatory framework for cryptocurrencies under the aegis of G20, industry leaders offered mixed reactions to her statements. Sitharaman spoke about crypto regulations to reporters on the sidelines of the fall meetings at IMF, World Bank, and G20...Read More
