(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) Bringing order to a parcel of our elegant but chaotic universe requires a combination of two fundamental components. The...Read More
Sui Foundation, the non-profit organization behind the Sui Network, has terminated its partnership with MovEX, a decentralized exchange (DEX) and liquidity management platform, following the violation of a lockup agreement. According to a blog post by the Sui Foundation, MovEX moved some Sui tokens (SUI) that were subject to a contractual lockup without informing or...Read More
The House Financial Services Committee (HFSC) failed to reach an agreement for stablecoin legislation on Thursday due to a number of disagreements Democrats had with its existing text. Committee Chair Patrick McHenry (R-NC) blamed the White House for holding up the bill, while Democrats alleged that Republicans were attempting to rush incomplete legislation. No Compromise...Read More
Twitter co-founder Jack Dorsey pressed Coinbase CEO Brian Armstrong on Wednesday over his alleged refusal to acknowledge the power of Bitcoin’s lightning network – a layer-2 scaling solution designed to make BTC easier to spend. His question sparked an online debate about the benefits and limitations of lightning in the payments realm, compared to other...Read More
A frontrunner in the AI start-up investment landscape, InQubeta continues to make waves in the crypto space. The platform’s innovative approach, empowered by its native QUBE token, allows investors to participate in AI start-ups through fractional investments. The ongoing presale of QUBE tokens has shown impressive performance, nearing a new historical milestone. Meanwhile, in the...Read More
Wyoming-based Custodia Bank’s application to become a member of the Federal Reserve System was rejected earlier this year by the Kansas City Fed. But the platform has no intention of backing down. The legal dispute took a new turn after Custodia slapped three lawsuits against the regulator in three separate circuits. According to attorney John...Read More
The rapidly changing digital asset landscape has resulted in a flexing of regulatory muscles between different watchdogs in defining terms and drawing lines of authority. This is especially true in the case of the United States where the SEC and CFTC are engaged in a turf war over regulatory oversight of the space. But this...Read More
[PRESS RELEASE – Warsaw, Poland, July 27th, 2023] New blockchain project ElmoERC has launched with the goal of combining the fun of memes with practical utility and a rapid deflationary mechanism. An Ethereum-based token, ElmoERC aims to create a vibrant ecosystem for its community through various innovative features. ElmoERC embodies meme culture and incorporates two...Read More
North Korean state-sponsored Lazarus Group continues to wreak havoc in the crypto space. CoinsPaid has accused the threat actor of orchestrating the cyber attack on its internal systems. The platform lost $37.3 million in the process but did not shed light on the details of the theft. In response to the attack on July 22,...Read More
Binance’s service platform dedicated to improving the income of miners – Binance Pool – announced the launch of the Bitcoin Cash (BCH) mining service. The new offering leverages the FPPS settlement method. As part of the move, mining rewards will be automatically credited to users’ Funding Wallets by 10:00 (UTC) on a daily basis. According...Read More
Following the leak of Caroline Ellison’s private diary to the New York Times, a flurry of accusations was served against SBF, as evidence at the time already pointed towards his identity as the source. Constant Communication With Reporters and Unidentified Guests Since then, SBF has been served a gag order meant to stop him from...Read More
On July 26, India’s Jio Financial Services (JFS) and American asset management giant BlackRock announced a joint venture to launch digital asset management services in the world’s second most populated nation. Jio Financial Services comes under the umbrella of billionaire Mukesh Ambani’s Reliance Group. The pair target an initial investment of $150 million each, according...Read More
The crypto space has recently experienced a remarkable breakthrough, marked by significant events that have unfolded within its domain. Notably, triumphs in legal battles that were perceived to jeopardize the future of cryptocurrencies and the official acceptance of cryptocurrencies into the policies of various countries have played pivotal roles in reshaping the narrative surrounding this...Read More
It has been a wild ride for the world’s largest cryptocurrency exchange – Binance, this year. As US watchdogs pursue it for alleged violation of federal laws, the platform appears to be losing its market share at a rapid pace. Blockchain analytical firm Kaiko reported that Binance’s spot market share has dropped to 50% from...Read More
U.S. Congress undertook its first-ever markup for digital asset legislation on Wednesday, attempting to establish clear jurisdiction for the nation’s chief market regulators. The bill was not well received by Democrats, however, many of whom find it overly friendly to the crypto industry, and similar to what disgraced FTX boss Sam Bankman-Fried had advocated for....Read More
