The popular cryptocurrency exchange – Crypto.com – secured regulatory approval from the central bank of the Netherlands to register as a provider of digital asset services. The company previously received certain types of authorization from numerous other European nations, including the United Kingdom, France, Italy, Spain, and more. Crypto.com announced it has complied with the Netherlands’...Read More
Paul Munter – principal advisor to the Securities and Exchange Commission (SEC) on accounting and auditing matters – issued a warning on Thursday to crypto accounting firms whose work is inappropriately marketed as a substitute for “audits.” The statement, titled “The Potential Pitfalls of Purported Crypto “Assurance” Work”, claimed that clients of such firms often...Read More
The President of the Kyrgyz Republic – Sadyr Japarov – has reportedly approved the building of a cryptocurrency mining farm at a hydropower plant near the country’s biggest river – the Naryn. The political leader believes this development will allow the hydroelectric station to use its excessive energy since it can not sell it anywhere....Read More
Grayscale wrote a letter to the U.S. Securities and Exchange Commission (SEC) on Thursday calling for the agency to simultaneously approve any qualifying Bitcoin spot ETF applications, so as to not “pick winners and losers.” However, the firm also argued that Coinbase shouldn’t qualify as a surveillance partner to launch such a product, under the...Read More
Lisa R. Zornberg, a prominent U.S. attorney representing Ripple Labs in the legal battle with the Securities and Exchange Commission (SEC), is seeking the court’s approval to withdraw from the case following her appointment as New York Chief Counsel by Mayor Eric Adams. According to a recent filing, Ripple asked the court to grant Zornberg’s...Read More
During the development of cryptocurrencies, events like BTC halving, LTC halving, and DASH’s emission reduction have gained much spotlight in the market. Mining rewards per block have dropped in these halvings or reductions, potentially squeezing miners’ pockets. Conversely, market traders see these halving events as indicators of new market trends. Based on data from LITECOIN...Read More
Crypto investor and Galaxy Digital CEO Mike Novogratz told followers on Wednesday to “Buy BTC” in response to the United States government’s rapidly growing interest expense on its sovereign debt. To some analysts, the trend suggests that the Federal Reserve will be forced to lower its benchmark interest rate again if the Federal government can...Read More
Artificial Intelligence (AI) could potentially organize itself using a Decentralised Autonomous Organisation (DAO) structure, according to BitMEX founder Arthur Hayes. Traditional companies cannot operate without certain state-sanctioned entities such as auditors, accountants, lawyers, and bankers that serve as the “cartel of trust.” But with AI slowly taking over, it’s hard to imagine how an economic...Read More
Meme coins are having a renaissance period at the moment, with tokens like PEPE seeing massive growth. Of course, PEPE has since plummeted, but there are a few other tokens that look like they have more staying power. Currently, the crypto community is enthusiastically exploring three meme coins, namely Chimpzee (CHMPZ), Evil Pepe Coin (EVILPEPE),...Read More
Sequoia Capital, an investment firm long revered for its direct involvement with Silicon Valley’s intricate web of venture capitalists and tech sector visionaries, has decided to reduce its exposure to cryptocurrencies, according to a confidential source. A Reflection of The Market In a message to investors, Sequoia Capital announced its decision to reduce its cryptocurrency...Read More
The remains of Fernando Pérez Algaba, a crypto millionaire who also ran a luxury car rental outfit, were reportedly found dismembered in a suitcase while the deceased was staying in Argentina. Authorities suspect that the amputation was done by professionals, with an autopsy showing that he was shot before his body was cut to pieces....Read More
[PRESS RELEASE – Singapore, Singapore, July 28th, 2023] Global vacation club platform, Staynex™, has announced a partnership with the tech giant, Huawei, to leverage Web3 technologies and enhance the travel and hospitality industry. This partnership will potentially offer users a more comprehensive travel experience with increased convenience and variety using advanced AI tools. The firm...Read More
From early next week, the XBTETH perpetual swap will be available to users on BitMEX. It’s a move that means traders will be able to speculate on the ratio between XBT* and ETH, margined in Bitcoin, and with up to 100x leverage. The addition of this unique derivative to our expanding product suite, makes new...Read More
Several days ago, Binance’s legal team announced they will be pursuing the dismissal of the CFTC’s court case against them, mirroring similar actions by Coinbase and Bittrex. Binance’s hefty plea has now been filed and is largely based on refutations of the CFTC’s jurisdiction since neither the exchange nor its CEO reside or are headquartered...Read More
In a recent Twitter Spaces event on Wednesday, Robert F. Kennedy, the Democratic presidential hopeful, expressed his strong support for Bitcoin and demonstrated his commitment by purchasing bitcoins for each of his seven children. Canadian Truckers’ Protests Ignite RFK’s Support for Bitcoin Kennedy’s interest in Bitcoin was sparked during the Canadian truckers’ protests in early...Read More
