In the letter, Polygon’s board requests amendments to Article 30 of the EU Data Act, which the board fears could stifle blockchain development in its current format. The company behind Polygon, a Proof-of-Stake multi-chain blockchain platform around its ERC-20 token MATIC, has sent an open letter to representatives of the EU Parliament regarding Article 30...Read More
Coinbase is on the brink of legal warfare with the Securities and Exchange Commission (SEC) to reach long-awaited clarity on how federal securities laws apply to the crypto industry, according to CEO Brian Armstrong. Should the regulator situation not improve, the executive said the exchange would consider relocating away from the United States. Will Coinbase...Read More
Securities and Exchange Commission (SEC) Chairman Gary Gensler testified before the House Financial Services Committee on Tuesday regarding the agency’s enforcement actions against the crypto industry over the past few months. The chair was pressed for answers on how exactly he differentiates between crypto securities and crypto commodities, and recent difficulties for crypto firms to...Read More
Ethereum successfully implemented a long-awaited tech upgrade on April 12. Also known as Shapella – this upgrade enabled withdrawals for the first time from the proof-of-stake blockchain. A week later, the amount of staked Ether has now exceeded the number of ETH being withdrawn for the very first time. According to the on-chain analytic platform...Read More
The crypto sphere is no stranger to explosive growth, and the latest contender garnering attention in the market is the Arbitrum token (ARB). With the DeFi sector currently gaining momentum following Ethereum’s successful breakout above $2K, layer 2 scaling solutions are becoming increasingly essential. Experts and altcoin traders are closely monitoring the ARB token price...Read More
The infamous co-founder of Terraform Labs has reportedly lost his bid against the US Securities and Exchange Commission (SEC). The latter is now allowed to seek records from the Monetary Authority of Singapore (MAS) that could shed more details on how the 31-year-old developer managed Luna Foundation Guard and whether he had a hand in...Read More
Sweat Economy – the team behind the SWEAT token revealed that there’s a brand new Web3 governance proposal aimed at enabling the community decide the faith of a whopping 100 million of its native tokens. The vote is set to take place on April 18th, and it will give the community the authority to determine...Read More
Cryptocurrency enthusiasts and investors are constantly searching for the best cryptos to invest in. With the industry in continuous evolution, individuals need to move with the tides, staying current with new tokens and potentially profitable projects. The industry is filled with many altcoins that have yielded huge returns for investors over the years. They have...Read More
Prominent derivatives marketplace Chicago Mercantile Exchange (CME) Group has announced adding daily expirations for Bitcoin (BTC) and Ether (ETH) futures options contracts. Pending regulatory review, the two new additions will have expirations Mondays through Fridays. Bitcoin and Ether Daily Expiries According to the official press release, CME Group will offer new expiries for options on...Read More
Robert Kiyosaki – an American businessman, investor, and motivational speaker better known as the author of the bestseller “Rich Dad, Poor Dad” – praised bitcoin’s impressive performance in the past 12 months, predicting its price to keep rallying in the future. He said he will buy more BTC as he doesn’t trust the Federal Reserve...Read More
Bitcoin has posted the strongest quarterly returns since its November 2021 all-time high. Furthermore, BTC has gained more than 80% since the beginning of the year, making it the best-performing asset of 2023 so far. Comparatively, gold has gained just 9% in the same period, and the tech-heavy NASDAQ 100 has managed around 20% since...Read More
Bitcoin has continued its bullish streak as digital asset management product inflows hit $114 million last week. The broader asset class has recorded a 4-week run of inflows now amounting to $345 million, according to the latest data shared by CoinShares report. In the process, the market has fully corrected the previous 6-week run of...Read More
El Salvador’s Central Bank (BCR) informed today that it has registered 80 Bitcoin service providers to operate legally in the country. Among the service providers registered with the BCR are: CHIVO, S.A. DE C.V., the company responsible for the government’s official wallet, Chivo; the Bitcoin custodians Paxos, 503 Escrow, Bitcapital, the startup Niu, and many...Read More
