Key Highlights: In a significant blow to the crypto industry, a federal judge, Jed Rakoff, ruled in favor of the U.S. Securities and Exchange Commission (SEC) on Thursday, declaring that four tokens offered by the failed Terra form Labs. Including…
Galaxy Digital sold $71 Million worth of Ethereum causing a change in market
Key Highlights: Recent analytics reveal that Galaxy Digital, a major institutional crypto whale, has gradually liquidated $71 million worth of Ethereum. The consistent selling by the cryptocurrency bank, founded by Mike Novogratz, has significantly impacted the Ethereum market dynamics. Coinciding…
Grayscale CEO opposes JPMorgan’s Dimon for Being Optimistic About Ethereum
Key Highlights: Grayscale CEO Michael Sonnenshein playfully addressed JPMorgan CEO Jamie Dimon’s historical skepticism toward cryptocurrencies, especially Bitcoin, in light of JPMorgan’s recent optimistic forecast for Ethereum ‘s performance in 2024. JPMorgan’s Unusual Bullish Outlook on Ethereum Despite Dimon’s traditionally…
Pi Network Secures Exclusive ‘Pi’ Trademark: USPTO Approval Unlocks New Avenues
Key Highlights: Pi Network achieves a significant milestone as the US Patent and Trademark Office grants official approval for the exclusive use of the “Pi” name in connection with their blockchain products and services. The Significance of USPTO Recognition Receiving…
US Government’s Crypto AML Measures: Impacting the National Defense Bill
Key Highlights: The United States government has recently removed two provisions from the National Defense Authorization Act (NDAA). Specifically targeting Anti-Money Laundering concerns associated with crypto currency. Revoking NDAA Provisions: A Closer Look Among the various provisions excised from the…
Navigating Crypto Investments: SEC’s Latest Warning Unveiled
Key Highlights: In a recent advisory, the U.S. Securities and Exchange Commission (SEC) has once again emphasized the substantial risks associated with investing in crypto asset securities. This warning, echoing past alerts, underscores the speculative and volatile nature of these…
Worldcoin towards a Decentralization Drive: Grants, Roadmap, and Challenges
Key Highlights: The cryptocurrency project backed by Sam Altman, Worldcoin, revealed its development roadmap on Wednesday. This comprehensive plan includes a $5 million grants program aimed at supporting developers within its eye-scanning ecosystem. Additionally, the roadmap outlines the challenging path…
Coinbase Wallet Allows Cross-Border Transactions with Free Stablecoin Transfers
Key Highlights: In a bid to streamline its decentralized Wallet product and foster economic freedom. Coinbase announced significant changes on Tuesday, with the spotlight on a groundbreaking feature. This new addition allows Coinbase Wallet users to seamlessly send USDC stablecoins,…
Terra Tokens Surge 70%: Resilience Unveiled in the Middle of Bitcoin Linking
Key Highlights In the realm of cryptocurrency, tokens associated with the Terra ecosystems, namely Terra 2.0 and Terra Classic, have demonstrated remarkable resilience and performance over the past week. These tokens, positioned among the top hundred by market capitalization, have…
Riots’ Acquisition of Bitcoin Miners Causes a Surge in the Crypto Market
Key Highlights Riot Platforms has recently made its most significant hash rate purchase to date, acquiring 66,560 Bitcoin mining units from MicroBT for an impressive $290.5 million. This monumental move not only positions Riot as a key player in the…