126 / 325 Relevant items tagged with #Crypto
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US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote
[May 11, 2024 1:35 PM] The House Committee on Rules has decided to review the Financial Innovation and Technology for the 21st Century (FIT21) Act, paving the way for a floor vote later this month. The legislation sets a path for enhanced regulatory clarity in the U.S…
US Justice Department Chooses FRA Over Sullivan & Cromwell for Binance Oversight
[May 11, 2024 12:40 PM] The Justice Department has designated Forensic Risk Alliance (FRA) as the external monitor for Binance Holdings Ltd. This decision comes in the wake of Binance’s acknowledgment of breaching U.S. anti-money laundering regulations and…
‘Jeo Boden’ Meme Coin Soars 20% After Trump Diss – Details
SEC Opposes Coinbase’s Appeal Request in Ongoing Legal Battle
[May 11, 2024 11:37 AM] The U.S. Securities and Exchange Commission (SEC) has urged a federal court to deny Coinbase’s interlocutory appeal, following a recent court decision that allowed a lawsuit involving the SEC and the cryptocurrency platform to proceed. Last…
Solana’s Defi Landscape to Shift With Marginfi’s Introduction of YBX Stablecoin
[May 11, 2024 10:33 AM] The decentralized lending protocol built on the Solana blockchain, Marginfi, announced the upcoming launch of YBX, which is expected to be the first notable decentralized stablecoin on Solana, aiming to provide an alternative to the network’s…
Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving
[May 11, 2024 9:22 AM] Based on the three-day simple moving average, Bitcoin’s hashrate has continued its downward trend, registering at about 550 exahash per second (EH/s). Following the halving, onchain costs have decreased significantly, with data indicating…
Crypto Exchanges Helping Brazilian Flood Victims
[May 11, 2024 8:20 AM] Several cryptocurrency firms are stepping up to support flood victims in Southern Brazil. For example, Okx has partnered with Brazilian cryptocurrency exchange Foxbit to match donations of up to $10,000 to the “Ajude o Rio Grande do…
Unlocking The Dogecoin Code: One Factor Holds The Key To Its Next Ascent
[May 11, 2024 8:00 AM] Dogecoin, the meme-inspired cryptocurrency that took the internet by storm in 2021, has seen a recent uptick in price. However, experts are cautioning investors against mistaking this blip for the start of a moon mission. DOGE Price Volatility…
Stablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth
[May 11, 2024 7:21 AM] Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April’s end. Out of the top five, FDUSD is currently the frontrunner in terms of 30-day growth, showing a 15.3%…
NFT Sales See Week-Over-Week Decline as Market Continues to Cool
[May 11, 2024 6:39 AM] Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding…
Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in ‘Record-Breaking’ Quarter
[May 11, 2024 5:29 AM] In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of…
IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar
[May 11, 2024 2:31 AM] First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath recently revealed that some nations are reconsidering their reliance on the U.S. dollar. Gopinath explained that this originated in the recent shocks from the…
Anti-Crypto Mixer Blockchain Integrity Act Introduced in US House of Representatives
[May 10, 2024 11:34 PM] The Blockchain Integrity Act, a piece of legislation that seeks to put a 2-year moratorium on using cryptocurrency mixers, was introduced by U.S. Congressman Sean Casten on March 7 in the U.S. House of Representatives. Co-sponsored by Reps. Bill…
Coingecko Study: Low-Float Cryptocurrencies Make up 21.3% of Top 300 by Market Capitalization
[May 10, 2024 10:39 PM] According to the findings of a Coingecko study, low-float cryptos currently account for 21.3% of the top 300 cryptos by market capitalization. The four cryptos with the lowest float are worldcoin (WLD), cheelee (CHEEL), starknet (STRK), and saga…
India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers
[May 10, 2024 9:22 PM] Cryptocurrency exchanges Binance and Kucoin have successfully registered with India’s Financial Intelligence Unit as Virtual Asset Service Providers (VASPs), a top official has reportedly confirmed. Both crypto exchanges were previously…
The Akash Network Phenomenon: Breaking Down Its 2400% Uptrend And Market Outperformance
[May 10, 2024 8:00 PM] Decentralized and open-source computing platform Akash Network has captured significant attention in the cryptocurrency market as its native token, AKT, has outperformed the top 100 cryptocurrencies with a 2400% price increase year-to-date. While…
EigenLayer Launches Airdrop Season, Allowing Users To Claim 113M EIGEN Tokens
[May 10, 2024 6:00 PM] Restaking protocol EigenLayer has unveiled its highly anticipated airdrop season, during which eligible users can claim a portion of the initial EIGEN token supply. EigenLayer Sets September 2024 Deadline The protocol’s announcement on…
Senate Urged to Swiftly Overturn SEC’s ‘Misguided’ Crypto Rules
[May 10, 2024 5:16 PM] Following the U.S. House of Representatives passing a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The resolution aims to prevent regulatory overreach that…
EigenLayer’s Exclusive $15 Billion Token Launch: Who’s In And Who’s Out?
Bitcoin Meal Box: South Korean Convenience Store Chain Partners With Crypto Exchange to Promote BTC
Erik Voorhees Unveils New AI Platform Promising Privacy and Unfiltered Free Speech
[May 10, 2024 3:36 PM] Erik Voorhees, founder of Shapeshift, has announced the debut of Venice, an artificial intelligence (AI) application that promises enhanced privacy and unrestricted free speech. Unlike mainstream AI services, Venice is designed to operate without…
Crackdown on Crypto Investment Scam Leads to Massive Raids in Argentina: $100 Million Operation Uncovered
[May 10, 2024 2:37 PM] The detainment of two Chinese and one Argentine national involved in a $1.25 million crypto investment scam led to the discovery of a $100 million operation in Argentina. According to local reports, the investigation resulted in the raid of a…
Crypto Analyst Says XRP Price Can Break Out From Falling Pennant, But Can It Reach $1?
[May 10, 2024 1:30 PM] The XRP price, like the rest of the crypto industry, continues to struggle against the bearish winds that have taken over. This has seen its price consistently decline in spite of bulls’ best efforts to prop it up. However, it seems all hope is not…
Grayscale Maintains Steady Revenue Despite Massive GBTC Outflows in Q1
[May 10, 2024 1:19 PM] Grayscale Investments maintained stable revenue in the first quarter despite substantial outflows from the Grayscale Bitcoin Trust (GBTC), its converted spot bitcoin exchange-traded fund (ETF). The firm reported $156 million in revenue, little…
XRP All Talk, No Action? Social Media Booms, But Price Stuck In The Bear Pit
[May 10, 2024 12:00 PM] XRP, the native token of Ripple, finds itself caught in a tug-of-war between surging social media interest and a price that refuses to ignite. While online chatter paints a picture of a vibrant community, the token’s value treads water…
Lightning Labs CTO Conducts First Mainnet Multi-Hop Asset Payment via Taproot Asset Channels
[May 10, 2024 11:42 AM] Olaoluwa Osuntokun, co-founder and CTO of Lightning Labs, recently executed the first successful mainnet multi-hop asset payment using Taproot Asset channels, marking a new development in asset transfer capabilities over the Lightning Network…
GBTC’s Heavy Withdrawals Result in Net $11.3M Outflow in US Bitcoin ETFs
[May 10, 2024 10:34 AM] The U.S. spot bitcoin exchange-traded funds (ETFs) witnessed an outflow of $11.3 million during Thursday’s trading sessions, following an inflow of $11.5 million on Wednesday. Although the majority of funds experienced inflows on Thursday…
Bitcoin Short Term NUPL Value Turns Negative, What This Means For Price
[May 10, 2024 8:00 AM] Crypto analyst Onchained recently provided valuable insights into an important metric that can be used to gauge the future trajectory of Bitcoin. The analyst suggested there was no cause to worry at the moment but highlighted what to watch out for…
Bankrupt Crypto Lender Blockfi Enlists Coinbase to Distribute Crypto Payouts
[May 10, 2024 7:43 AM] The now-defunct crypto lender Blockfi is officially shutting down the firm’s web portal this month according to an update from the firm. Blockfi said that it has partnered with Coinbase to help facilitate the execution of withdrawals to eligible…