Bitcoin is below the average of the bear market bottom. Last year in June, bitcoin closed for the first time below the 50-month moving average and is still below it. This month, Bitcoin is trying hard to close above the…
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Ukraine Utilized Cryptocurrency Donations Valued at $70 Million in Bitcoin, Ethereum, and USDT to Purchase Military Equipment – Chainalysis
With Ukraine – Russia war, people from around the world donated to Ukraine valued over US $70 million as per the report published by Chainalysis. Bitcoin, Ethereum and USDT as the widely accept form of cryptocurrency as per the Government…
India Requests IMF and FSB to Develop ‘Synthesis Paper’ on Crypto Assets during G20 meeting
Under its presidency, India urges International Monetary Fund (IMF) and Financial Stability Board (FSB) to craft a consolidated report on crypto assets for the G20 finance ministers and central bank governors’ meeting. The objective is to establish a cohesive and…
Dapper Labs Under Fire as Judge Determines NBA Top Shot Moments NFTs Could Be Securities
court has held that the SEC can apply securities regulations to some NFTs, including those sold on NBA Top Shot. The ruling has sparked confusion in the industry, as there is no clear definition of what constitutes a security under the law.
The recent US court ruling has raised questions on whether NFTs, like those sold on NBA Top Shot, could be considered securities and be subject to SEC regulations. Learn how this ruling has created confusion in the industry and implications for investors.
Voyager received more than 100M$ USDC from Coinbase in the past 3 days – Lookonchain
Voyager is selling its crypto assets thought Coinbase USDC as suggested by onchain data from Lookonchain. On July 5th, 2022, Voyager Digital Holdings, Inc. and two related debtors voluntarily submitted petitions for Chapter 11 bankruptcy protection under the U.S. Bankruptcy…
BlackRock Eyes Investment Opportunities in the Metaverse
Asset management giant BlackRock has indicated that it sees significant potential in the emerging field of the Metaverse, which refers to virtual worlds that allow users to interact with each other and with digital objects. “Multi-trillion dollar ecosystem” BlackRock’s Chief…
Mastercard Joins the Crypto Wave by Allowing USDC Settlements for Web3 Payments
Mastercard, a leading global payment technology company, has announced that it will enable merchants to accept cryptocurrency payments directly on its network. This means that consumers will be able to use their cryptocurrency holdings to make purchases at merchants that…
ARK Funds invest over $13 million in COIN stock, led by Cathie Wood
As per Cathie’s ARK’s daily investors update revealed that on Wednesday the 22nd, they acquired 213,519 shares of COIN (Coinbase) stock across their funds, with a total value of over $13 million based on the closing price of 61.18. The…
Bitcoin Price Falls Below $23,000 Because of Inflation and Options Expiry
Bitcoin Price (BTC) loses 9.3% of its value in the last three days dropping below US $23,000. On Tuesday the bureau of labor and statistics revealed the latest CPI data for Jan 2023. According to the data inflation in the…
NBA’s ‘Top Shot Moments’ NFTs may be classified as securities in Dapper Labs case
Federal judge rules NBA-branded “Top Shot Moments” NFTs from Dapper Labs could be considered securities. According to the judge, the conclusion that Dapper Labs’ offering was an investment contract under Howey is limited in scope. A class-action lawsuit was filed…