Unmasking Truths Unraveling Stories
Unmasking Truths Unraveling Stories
The following is a guest post from Mike Romanenko, CVO and Co-Founder of Kyrrex. The European crypto landscape is on the brink of a significant transformation with the introduction of the Markets in Crypto-Assets (MiCA) regulation. Mike Romanenko, CVO & Co-Founder at Kyrrex, foresees it will present multiple opportunities and challenges for crypto players across […]
On-chain Highlights DEFINITION: The Futures Term Structure is a graphical representation of the pricing for futures contracts expiring at increasingly distant dates into the future. The most common state of the graph, an upward slope, indicates a premium must be paid to purchase exposure, or delivery, of an asset in the future. Conversely, a downward […]
The pseudonymous lead developers of memecoin Shiba Inu (SHIB), Shytoshi Kusama and Kaal Dhairya, gave their first-ever interview to the Arabian Business. In the interview published on Friday, Kusama and Dhairya disclosed previously unknown facts about their past lives. For instance, Kusama, who speaks six languages, used to be an Uber driver in Los Angeles, […]
The following is a guest post by Aki Balogh, CEO & Co-founder of DLC.Link Bitcoin (BTC) entered 2023 with immense promise. Though subject to natural ups and downs, its momentum hinted at a maturing asset class poised for mainstream adoption. A year later, that promise has grown even further – particularly around the evolution of […]
Kraken Head of Strategy Thomas Perfumo said spot Ethereum (ETH) ETFs could help the crypto sector while commenting on political developments in the US. On July 12, Perfumo told Bloomberg that spot Ethereum ETFs would attract capital flows while attracting attention to crypto, noting: “It’s a rising tide, lifts all boat story. “ Perfumo further […]
Bitcoin Core developers have historically disclosed just 10 vulnerabilities affecting older software versions, as reported by Bitcoin Optech. The vulnerabilities, fixed in more recent releases, could have allowed various attacks on nodes running outdated Bitcoin Core versions. The vulnerabilities are relevant given that Bitcoin Core developers recently introduced a new security disclosure policy to improve […]
The market capitalization of European stablecoins declined in June due to the implementation of the Markets in Crypto-Assets (MiCA) regulation, according to CCData’s latest stablecoin report. The market cap of Euro-based stablecoins fell by 2.51%, hitting a seven-month low of $307 million, the lowest since November 2023. During this period, Tether’s EURT stablecoin’s market cap […]
The Energy Information Administration (EIA) said it could restart its attempts to survey crypto mining companies this year during a July 10 webinar. According to Bitcoin Magazine’s coverage, the agency’s attempts to reinitiate the survey could begin as soon as the current quarter. However, per the report, the Federal Registrar does not include any outstanding […]
Block Inc. and Core Scientific have announced an agreement to supply Core Scientific with Block’s new 3-nanometer mining ASICs. Core Scientific will be the first to integrate these advanced chips into its large-scale mining operations. This collaboration is part of an ongoing effort to decentralize Bitcoin mining hardware and foster innovation in the mining ecosystem. […]
Bitwise CCO Katherine Dowling said spot Ethereum ETFs are “close to the finish line” while noting that the SEC is “quite welcoming” about discussions regarding other products. On July 9, Dowling told Bloomberg that the SEC and ETF issuers are addressing fewer issues in each S-1 amendment, pointing to a close launch. Dowling affirmed SEC […]
The US House Armed Services Committee’s latest National Defense Authorization Act (NDAA) draft for fiscal year 2025 includes significant provisions for exploring blockchain technology’s role in national security and defense applications. A committee-approved draft was sent to the full House for consideration, and the Senate Armed Services Committee advanced it to the Senate floor on […]
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Geneva, Switzerland, July 8, 2024 – TRON DAO proudly announces the distinguished teams from HackaTRON Season 6, co-hosted by HTX DAO, BTTC, and JustLend DAO. With over a thousand participants building innovative projects in the TRON […]
The following is a guest post from Ian Kane, Head of Partnerships at Midnight Network. In today’s globalized economy, supply chain transparency is paramount. Consumers demand to know the origin of their products, regulatory bodies require stringent compliance, and companies need to ensure the integrity of their supply chains. Traditional methods of managing and verifying […]
Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), accused Binance of conducting transactions reserved for authorized banks and financial institutions on Friday, according to a local media report. Akinwumi’s accusations were part of his testimony in the lawsuit brought by the Economic and Financial Crimes Commission (EFCC) against Binance and its […]
The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. Half a year after Bitcoin ETFs launched, it is safe to say that they have been the most successful ETF launch in history, having generated a $309.53 billion volume. Just within the first day of trading, spot-traded Bitcoin ETFs pulled […]
OpenAI experienced a security breach in 2023 but did not disclose the incident outside the company, the New York Times reported on July 4. OpenAI executives allegedly disclosed the incident internally during an April 2023 meeting but did not reveal it publicly because the attacker did not access information about customers or partners. Furthermore, executives […]
Bitcoin Cash’s hash rate soared to a yearly high this week after an unknown miner captured around 90% of its blocks within two days. This surge comes as the network’s native BCH token hit a four-month low following a broader market crash and the defunct Mt. Gox BCH repayment plans. Phoenix mines 90% of BCH […]
Quick Take In the past 24 hours, the two largest Bitcoin mining pools, Foundry USA and Antpool, have demonstrated significant dominance, each holding approximately 30% of the mining pool market and collectively mining just under 60% of the blocks in the past 24 hours. Both pools mined 41 blocks each during this period. The third-largest […]
Bitcoin (BTC) miners Marathon Digital and Riot Platforms have doubled their hash rate since June 2023 amid various degrees of change at other firms. On July 3, Marathon reported an average operational hash rate of 26.3 exahashes per second (EH/s) in June, representing a 102% yearly increase from 13.0 EH/s. The change also marks a […]
Lido has reported a rise in staked Ethereum on its platform despite the US Securities and Exchange Commission (SEC) classifying its staking programs as securities in its lawsuit against Consensys. Staked Ethereum increase A July 2 report showed that Lido users staked an additional 95,616 ETH between June 24 and July 1. This increased the […]
Quick Take According to Newhedge, Bitcoin mining difficulty is anticipated to adjust negatively by 6% on June 5, marking one of the most significant drops since the FTX collapse. At the beginning of December 2022, there was a notable -7.3% decline, coinciding with Bitcoin’s price plummeting to $15.5k during the FTX crisis, which marked the […]
Quick Take Short-term holders (STHs) are investors who have acquired Bitcoin within the last 155 days, while long-term holders (LTHs) are those who have held Bitcoin for longer. Notably, the launch of the Bitcoin ETF in the US on Jan. 11, approximately 172 days ago, means that investors who bought Bitcoin at that time are […]
Ethereum co-founder Vitalik Buterin has suggested ways to help the blockchain improve its transaction confirmation times. Buterin, in a June 30 blog post, explained that Ethereum’s Gasper consensus mechanism uses a slot-and-epoch architecture that contains certain complexities, like bug interactions and a 12.8-minute confirmation time, that makes it “more and more uncomfortable” for user experiences. […]
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Experienced retail traders and long-term investors in the cryptocurrency market understand the driving force in a speculative market algorithm fueled by people and not capital. Decisions and investment plans to buy large amounts of cryptocurrency assets […]
In a move that could reshape the global agricultural landscape, AgriDex is setting out to bring the $2.7 trillion agricultural industry onto the blockchain. In this exclusive CryptoSlate interview, Henry Duckworth, CEO and co-founder of AgriDex, unveils his vision for revolutionizing the way agricultural commodities are traded and tracked worldwide. Fresh off a $5 million […]
Onchain Highlights DEFINITION: This metric shows the 30-day change in the regional price set during EU working hours, i.e., between 8 A.M. and 8 P.M. Central European Time (07:00-19:00 UTC), respectively, and Central European Summer Time (06:00-18:00 UTC). Bitcoin’s month-over-month price change in the EU region shows significant fluctuations over recent months. Analyzing the first half […]
Onchain Highlights DEFINITION: The relative amount (share) of gas consumed by the Ethereum network by transactions interacting with non-fungible tokens. This category includes token contract standards (ERC721, ERC1155) and NFT marketplaces (OpenSea, Blur, LooksRare, Rarible, SuperRare) for trading those. Ethereum’s gas usage by NFTs has exhibited significant shifts over the past few years, mainly as […]
Coinbase Derivatives plans to launch margined futures contracts for Avalanche (AVAX), Chainlink (LINK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHIB). On June 28, the service published an announcement and submitted filings to the CFTC to list each contract under a self-certification model. It intends to launch the products on July 15. Coinbase Derivatives said […]
SnowBridge, a trustless cross-chain bridge designed to link Polkadot with Ethereum, is seeking approximately $6 million in DOT tokens funding from the Polkadot community. The firm’s proposal stated that the funds are intended to ensure Snowbridge’s long-term success, align the team’s incentives with the Polkadot community, and provide financial guarantees for the bridge’s users. Treasury […]
The volatility Bitcoin experienced this week had a particularly interesting impact on the derivatives market. Between June 23 and June 27, BTC lost its relatively stable support at above $64,000 and dropped to $60,000, with a brief dip below $60,000 before recovering on June 25. While the price drop might not seem that significant when […]
Coinbase has taken a bold step in its ongoing struggle with financial regulators. As Fox Business reported, the company has filed lawsuits against both the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) in a Washington, DC district court, seeking access to internal documents related to crypto regulation. According to Fox […]
Chiliz, a leading blockchain platform specializing in sports and entertainment fan tokens, is embroiled in a legal dispute with a former Korean employee who claims the company failed to deliver $10 million worth of promised tokens as part of his compensation package. Local media reported on June 26 that the former employee — identified as […]
The Cardano blockchain successfully defended against a Distributed Denial of Service (DDoS) attack aimed at stealing staked tokens. The attack had little impact on ADA’s value, up by a modest 0.4% during the last 24 hours to $0.38 as of press time, according to CryptoSlate’s data. Attack details On June 25, Fluid Token’s CTO, Raul […]
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Seoul, South Korea, June 26, 2024 – CryptoQuant, a leader in blockchain analytics, is excited to announce the integration of TRON data into its comprehensive analytical platform. This development is set to revolutionize how users interact […]
Onchain Highlights DEFINITION: The percentage of circulating supply in profit, i.e. the percentage of existing coins whose price at the time they last moved was lower than the current price. Bitcoin’s percentage supply in profit reflects dynamic market conditions. The first chart illustrates historical data from 2013 to 2024, showing periods where over 90% of […]
Tether, the issuer of USD₮ tokens, is shifting its focus towards “enhancing community-driven blockchain support.” As part of this strategic transition, Tether will cease support for the EOS and Algorand implementations. In line with its commitment to maintaining a robust and innovative blockchain ecosystem, Tether stated that it consistently evaluates current transport layers to balance […]
The following is a guest post by Ben Mills, Co-Founder at Meso. The U.S. Securities and Exchange Commission blessed Ether and Bitcoin ETFs, and the U.S. House passed FIT-21 with bipartisan support. The perception is that those are the next steps in the ongoing experiment to see whether regulation can reduce the risks inherent in […]
CoinStats, the crypto portfolio app, has temporarily shut down its application to address a security incident. The company stated the breach was limited to 1,590 wallets or 1.3% of all CoinStats Wallets. The company reported that connected wallets and centralized exchanges (CEXes) were unaffected. CoinStats is also investigating a scam notification some iOS and Android […]
The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued a stark warning to US financial firms, warning them about the increasing use of crypto by Mexican drug cartels to purchase chemicals used to manufacture fentanyl. In an updated advisory released on June 20, FinCEN specifically cited the use of Bitcoin (BTC), Ethereum (ETH), […]
Seven spot Ethereum ETF applicants amended their registration statements with the SEC on June 21, leading to increased expectations of a trading launch in early July. Franklin Templeton, VanEck, Invesco Galaxy, BlackRock, 21Shares, and Fidelity submitted updated S-1 registrations for their respective funds. Grayscale submitted an amended S-3 registration for its Ethereum Trust and an […]
Ripple is set for new legal battles after a US judge in California approved a lawsuit against the crypto company regarding alleged misleading statements by its CEO, Brad Garlinghouse. This means the case would go to trial, and a jury would decide if the Ripple boss had misled investors into investing in the digital asset […]
Bitcoin’s blockchain technology has long been hailed for its decentralized nature and robust security, making it a cornerstone in the digital asset space. While Bitcoin’s primary role as a cryptocurrency is well-established, its potential as a decentralized timestamping server and global event sequencer opens up new avenues for innovation. As I often say when talking […]
The Central Bank of Iran (CBI) will begin a trial of its central bank digital currency (CBDC), the digital rial, in Kish Island starting in July. The central bank said on June 19 that banking network customers and tourists can use the digital rial wallet to make purchases and transfers between wallets via barcode without […]
Quick Take NVIDIA has become the most valuable company globally, boasting a market cap of $3.335 trillion. This milestone surpasses Microsoft’s $3.317 trillion and Apple’s $3.285 trillion, marking a significant shift in the tech landscape. NVIDIA’s stock has surged 182% year-to-date and an astonishing 342,000% since its inception, driven by consistently impressive quarterly earnings and […]
A steady increase in the circulating supply of stablecoins shows an increasing demand for these assets. It suggests that more traders and investors are preparing to enter the market or facilitating more trading activity. The increase in the aggregate circulating supply of stablecoins over the last six months represents a significant development. The aggregate supply […]
Onchain Highlights DEFINITION: The total amount of funds allocated in open futures contracts. Ethereum futures open interest has shown substantial volatility throughout 2024, significantly influenced by recent regulatory developments. Following the approval of spot Ethereum ETFs by the US Securities and Exchange Commission (SEC), open interest in Ethereum futures surged, reaching new highs. On June […]
The following is a guest post by Phillip Alexeev, Chief Growth Officer at CrossFi. Over the centuries, the evolution of currency has defined the human experience. From primitive bartering systems to establishing standardized coins and paper money, currencies have been critical in organizing and advancing societies. However, recent decades have seen many areas of the […]
The following is a guest post by Nischal Shetty, co-founder and President at Shardeum. Mt. Gox’s dormancy might not be over, but a series of tokens moving out from its wallets has caught the attention of the market. A total of 137,890 BTC valued at $9.4 billion is presumed to be headed to creditors’ wallets, […]
Digital asset security is paramount in crypto, and several cryptographic methods are available to ensure the safety of digital assets, each with unique benefits and applications. This article focuses on explaining Shamir’s Secret Sharing (SSS), Threshold Signature Schemes (TSS), Multi-Party Computation (MPC), Multi-Signature (Multisig), and Verifiable Secret Sharing (VSS) as they pertain to crypto wallets […]
SEC commissioner Mark Uyeda acknowledged that asset tokenization, including tokenization of securities, carries potential benefits. Uyeda said on June 14 that representing asset rights with a digital token on a blockchain can provide “security, transparency, and immutability.” Furthermore, he said that tokenization removes the need for intermediaries, thereby streamlining transactions and lowering transaction costs. Uyeda […]
Holograph, a leading omnichain tokenization platform, experienced a significant smart contract exploit, resulting in the loss of 1 billion HLG tokens valued at approximately $7 million. Following the incident, the project’s native HLG token dipped by around 80% during the last 24 hours to as low as $0.0029 before slightly recovering to $0.0068 as of […]
Tesla shareholders sued CEO Elon Musk and other executives for enriching xAI at the auto company’s expense on June 13. The plaintiffs claimed that xAI, an artificial intelligence firm Musk created in 2023, has poached employees from Tesla, diverted at least $500 million in GPUs from Tesla to X, and used Tesla’s data for xAI […]
The Electricity Reliability Council of Texas (ERCOT) is considering integrating Bitcoin miners as Controllable Load Resources (CLRs) to enhance grid stability. During a Texas Senate Business & Commerce Committee hearing, ERCOT CEO Pablo Vegas emphasized that classifying more Bitcoin miners as CLRs would improve the reliability of the state’s power grid. A CLR is a […]
President Joe Biden’s re-election campaign is exploring the option of accepting cryptocurrency donations through Coinbase Commerce, The Block reported on June 12, citing sources familiar with the discussions. The move would former President Donald Trump’s recent move to accept crypto donations via the same platform. Coinbase Commerce, a service facilitating payments in various cryptocurrencies, already supports […]
Ripple CEO Brad Garlinghouse has announced the name of the company’s upcoming stablecoin at the XRP Ledger Community Summit (XRPL Apex) in Amsterdam. During a panel discussion, Garlinghouse stated: “The name of the Ripple stablecoin [is] RLUSD; I like to call it Real USD or Ripple USD.” While Garlinghouse did not disclose the launch date, […]
Elon Musk dropped his lawsuit against OpenAI, according to two June 11 court filings. One filing states that Musk, as the plaintiff, filed a notice of entry of dismissal and proof of service. The other states that the case has been dismissed without prejudice, leaving Musk with the option of refiling it later. CNBC reported […]
Quick Take Bitcoin experienced a notable dip earlier today, briefly dropping below $67,000 to a low of approximately $66,800, marking a roughly 3% decrease over the past 24 hours. Graph showing Bitcoin’s price on June 11, 2024 (Source: TradingView) According to data from Glassnode, significant spot-selling activity contributed to a total of about $200 million […]
The US Securities and Exchange Commission (SEC) acknowledged a proposed rule change for ProShares Ethereum ETF and approved Ark Invest’s exit from 21 Shares’ application on June 10. The agency’s notice on ProShares recognizes but does not approve the proposed rule change. The SEC must act on the proposal within 45 days of publication, with […]
The following is a guest post from Christina Comben. With a current market cap of just over $20 million, you’d be forgiven for not having heard of Verified USD (USDV). The newcomer in the stablecoin market soft-launched on Ethereum in November 2023 and is steadily rolling out its native omnichain capabilities to further ecosystems. USDV […]
Onchain Highlights DEFINITION: The number of unique accumulation addresses. Accumulation addresses are defined as addresses that have at least two incoming non-dust transfers and have never spent funds. Exchange addresses and addresses received from coinbase transactions (miner addresses) are discarded. To account for lost coins, addresses that were active more than seven years ago were […]
The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock What is BlackRock’s BUIDL Fund? The BUIDL fund, formally known as the BlackRock USD Institutional Digital Liquidity Fund, represents BlackRock‘s venture into tokenized assets on a public blockchain. Utilizing the Ethereum network, BUIDL invests in cash, short-term debt securities, and U.S. Treasury […]
A group of more than 100 former US federal prosecutors has urged the United States government to intensify efforts to secure the release of Binance executive Tigran Gambaryan from Nigerian custody, according to a June 6 letter. Gambaryan, Binance’s head of compliance, and his colleague Nadeem Anjarwalla were detained in Nigeria in February following a […]
The Department of Justice (DOJ) and the Federal Trade Commission (FTC) are preparing to launch investigations into major AI companies over anticompetition issues, Politico reported on June 6. Under the agreement, the DOJ will probe Nvidia and its role in supplying high-end semiconductors to the AI industry. Estimates suggest the tech giant controls up to 90% […]
Robinhood has announced its agreement to acquire global crypto exchange Bitstamp for approximately $200 million in cash. The acquisition, subject to regulatory approvals and customary closing conditions, is expected to be finalized in the first half of 2025. Barclays and Galaxy Digital Partners were exclusive financial advisors to Robinhood and Bitstamp, respectively. Bitstamp, founded in […]
VanEck believes Ethereum (ETH) will be worth roughly $22,000 by 2030, the asset manager said in a comprehensive analysis published on June 5. The forecast, developed by the firm’s Digital Assets Research team, led by Matthew Sigel, highlights Ethereum’s strong growth potential within both traditional and cryptocurrency-focused portfolios. VanEck’s analysis attributes the optimistic price target […]
Aave community members are pushing for a fee switch proposal after the DeFi protocol’s annualized revenue reached new highs this week. On June 2, Matthew Graham, a member of the Aave liquidity committee, reported that the protocol was “averaging just over $80 million in annual revenue from seven Aave v3 & v2 deployments” across various […]
An upcoming House Appropriation budget could prevent the US SEC from implementing its controversial Staff Accounting Bulletin 121 (SAB 121). FOX Business reporter Eleanor Terrett, who reported the news on June 4, said the bill will prohibit the SEC from using appropriated funds to implement the rule. Appropriations allow agencies to incur obligations and make […]
The launch of spot Ethereum ETF will potentially result in a supply crunch upon launch, crypto accounting software firm Integral on June 3. The projection mirrors the sentiment around spot Bitcoin ETFs before their launch earlier this year. The ETFs connected to the flagship crypto have since experienced record inflows, with the BTC supply on […]
Bitcoin and Ethereum supplies on centralized exchanges have hit record lows following the introduction of crypto-related spot exchange-traded funds (ETFs) in the United States. According to Glassnode data, Bitcoin balances on exchanges have fallen to 11.6%, the lowest since December 2017. Ethereum balances are even lower at 10.6%, the lowest since October 2015. Spot ETFs […]
The following is a guest post from Yaniv Baruch, COO at Playnance. The first quarter of 2024 reinvigorated investors’ sentiment in the crypto market. With the landmark litigation against the SEC ending, US investors have finally received access to spot Bitcoin ETFs. This opened the doors to Web3 for large institutional investors: the weekly net […]
The following is a guest post from Tim Haldorsson, CEO of Lunar Strategy. In nine short years, Ethereum has gone from pioneering on-chain smart contracts and programmable crypto to becoming the backbone of decentralized finance and blockchain infrastructure. The recent SEC approval of ETH ETFs is just a single step in this journey, albeit a […]
Onchain Highlights DEFINITION: Balances on exchanges are the total amount of coins held on exchange addresses. Bitcoin’s balance on exchanges has continued its downward trend, reaching a significant low. As of the latest data, the total balance on exchanges has dropped below 2.3 million BTC, a level not seen since March 2018. Substantial outflows from […]
US President Joe Biden vetoed H.J. Res. 109, which aimed to overturn the of the SEC’s controversial SAB 121 rule, on May 31. Biden wrote that SAB 121 represents the “considered technical” views of SEC staff. He added that the resolution would constrain the SEC’s ability to set guardrails and address future issues and risks […]
Six companies updated their spot Ethereum ETF S-1 registration statements on May 31, with 21 Shares notably dropping Ark Invest from its filing. The relevant filing renames the “Ark 21Shares Ethereum ETF” to the “21Shares Core Ethereum ETF.” It also removes all mention of Ark Invest from its text, whereas previous submissions described Ark Invest […]
The Luna Foundation Guard (LFG) has transferred approximately $95 million in crypto to a new wallet, aligning with recent plans to enhance fund security. On-chain data from blockchain Arkham Intelligence showed that the Foundation shifted 1.974 million Avalanche’s AVAX token, valued at $71.2 million, and 39,500 BNB, approximately $23.5 million, to a new address identified […]
VC firm Andreessen Horowitz (a16z) donated $25 million to Fairshake and related entities, a16z crypto Managing Partner Chris Dixon said on May 30. Dixon said the donation would help Fairshake support bipartisan US candidates, promote entrepreneurship, and advance clear rules for digital assets. He added: “…we need to keep up the momentum and show that […]
Quick Take MicroStrategy was the first publicly traded company in the US to acquire Bitcoin and use it as a treasury asset, beginning this practice in August 2020. Since then, the company has amassed 214,400 BTC. A key metric for MicroStrategy is “BTC per Share,” which indicates the amount of Bitcoin each outstanding share of […]
Senator Cynthia Lummis recently said the crypto market will play a significant role in the US economy unless the opportunity is squandered. Lummis, a vocal advocate for pro-crypto legislation, believes that recent victories in Congress signal a promising future for the sector. In recent years, pro-crypto lawmakers like Lummis have worked tirelessly to educate their […]
Ripple has highlighted the 2024 US election as a crucial juncture for the crypto industry, according to a May 29 statement. In response, the company has donated $25 million to Fairshake, a federal super PAC that backs pro-crypto and pro-innovation candidates. This contribution raises Ripple’s total donation to the committee to $50 million. Notably, Fairshake […]
The US District Court for the District of Utah has dismissed the SEC’s case against DEBT Box without prejudice and imposed over $1.8 million in fines against the watchdog for bad faith conduct. The fines, which come in the form of attorney fees and costs, follow sanctions against the SEC for misrepresentations made to obtain […]
Glassnode defines Bitcoin whales as the number of unique entities holding at least 1k coins. Year to date, these whales have primarily been making withdrawals, influenced by Bitcoin US ETFs. Notably, in the past ten trading days, there have been significant outflows from US ETFs, but a new trend has emerged: whale deposits onto exchanges. […]
Kaiko Research said on May 27 that spot Ethereum ETF approvals are a positive sign for the digital asset’s long-term growth despite potential short-term headwinds. According to Kaiko’s report, the approval has removed much of the regulatory uncertainty around Ethereum’s classification as an asset class. Will Cai, Head of Indices at Kaiko, said the approval […]
Quick Take Data from The Block shows that as of May 2024, hedge funds have taken a notable bearish stance on Bitcoin, holding the largest net short positions in CME Micro Bitcoin Futures since the end of 2021. These micro contracts, each representing 0.1 BTC, cater to traders seeking precise exposure with lower capital requirements […]
Farallon Capital Management, Cetera Investment Advisers, and BigSur Wealth Management have reported multi-million dollar investments in spot Bitcoin ETFs in the first quarter. Farallon Capital, a San Francisco-based hedge fund manager, disclosed an $85.2 million investment in Grayscale’s GBTC on May 24. Based on Fintel data, the company is among the 10 firms with the […]
Bloomberg ETF analyst James Seyffart believes that spot Ethereum ETFs could see 20% to 25% of the demand experienced by spot Bitcoin ETFs. Seyffart expressed his stance in an interview hosted by Bitwise, adding that his fellow Bloomberg ETF analyst, Eric Balchunas, believes the new funds will see 15% to 20% of the demand. Seyffart […]
Available exclusively via How the SEC’s SAB 121 repeal paves the way for balanced crypto regulation Andjela Radmilac · 4 days ago CryptoSlate’s latest report dives deep into the practical realities of SAB 121’s repeal, examining its implications for the crypto industry and exploring the path forward for regulatory oversight.
The US House of Representatives passed H.R. 5403, the CBDC Anti-Surveillance State Act, sponsored by Majority Whip Tom Emmer (MN-06). The legislation blocks the creation and issuance of a central bank digital currency (CBDC) without explicit congressional authorization, aiming to safeguard Americans’ financial privacy. The bill aims to prevent unelected officials from developing a CBDC […]
James Seyffart, a Bloomberg ETF analyst, has suggested a potential timeline for the launch of a Solana-based spot exchange-traded fund (ETF). Seyffart indicated that a Solana ETF might be delayed despite growing anticipation within the crypto community following recent discussions surrounding spot Ethereum ETFs. CFTC-regulated futures market The Bloomberg ETF expert explained that the timeline […]
Coinbase has formed a coalition with industry giants from across the tech sector to combine resources and expertise to tackle the growing issue of online fraud and financial schemes. The “Tech Against Scams” coalition includes industry giants like Match Group, Meta, Kraken, Ripple, Gemini, and the Global Anti-Scam Organization (GASO). Unified effort necessary The coalition […]
Hong Kong’s Office of the Privacy Commissioner for Personal Data (PCPD) has prohibited Worldcoin from collecting data in the region due to privacy violation concerns, according to a May 22 notice. The privacy regulator alleged that Worldcoin collected iris and facial images from 8,302 residents using an iris-scanning device. This data collection aimed to verify […]
Former President Donald Trump has begun accepting crypto donations for his re-election campaign, making him the first US Presidential candidate to adopt digital assets for funding. According to a May 21 statement: “This addition to President Trump’s already groundbreaking digital fundraising operation marks the first time a major party Presidential nominee has embraced cryptocurrency for […]
The SEC could approve a spot Ethereum ETF as early as this week, marking a significant shift in regulatory stance. Bloomberg analysts Eric Balchunas and James Seyffart have increased their odds of approval to 75%, up from 25%, citing recent chatter and the SEC’s request for revised 19b-4 filings by 10 am Tuesday. This rapid […]
Bitcoin (BTC) surged past the $70,000 mark on May 21, marking a significant milestone driven by a flood of investment into spot Bitcoin exchange-traded funds (ETFs) and a broader market rally. Bitcoin’s price climbed to $70,325, a 6% increase over 24 hours, before settling at $68,700 as of press time, based on CryptoSlate data. Ethereum […]
Quick Take As economic uncertainty looms, traditional safe-haven assets like gold, silver, and copper are soaring to new heights. Gold recently hit a new all-time high of $2,443 an ounce, up nearly 20% year-to-date. Silver is approaching $32 an ounce, its highest level since October 2012, while copper is trading above $5, an all-time high. […]
The following is a guest post from Bakhrom Saydulloev, Product Lead at Mercuryo.Statistics works in a funny way. When experts feel the need to prove the growing acceptance and awareness of Web3, they over-simplify the concept to say, for instance: “more than 90% of people have heard of crypto, hooray!” And yes, that is, in […]
The following is a guest post from Vincent Maliepaard, Marketing Director at IntoTheBlock. According to the latest data from IntoTheBlock, the U.S. government holds over 1% of the Bitcoin supply, valued at an impressive $13.16 billion. These holdings have tripled since 2021, demonstrating a consistent increase over the years. Why the US government holds Bitcoin […]
The following is a guest post by Rajagopal Menon, the Vice President of WazirX.Come the bull market, cometh the models to predict the price of Bitcoin. In the last bull market in 2021, the Stock-to-Flow (S2F) model was the flavour of the season. This model, created by Plan B, assessed asset scarcity by comparing stock […]
Crypto exchange Coinbase believes the odds of the SEC approving spot Ethereum ETFs by the end of the month stand between 30% to 40%. In a May 15 report, Coinbase Institutional Research Analyst David Han asserted that the main factor that led the SEC to approve spot Bitcoin ETFs — the correlation between CME futures […]
SkyBridge Capital founder Anthony Scaramucci believes institutional adoption of Bitcoin has begun in full force and will accelerate rapidly in the coming quarters. Scaramucci made the statement during an interview on CNBC, where he highlighted the growing acceptance of Bitcoin among major financial institutions and pension funds. Scaramucci pointed to Wisconsin’s recent announcement of its […]
Pink Drainer, a notorious crypto wallet-draining service, is winding down its operations, according to a May 16 screenshot shared by blockchain sleuth ZachXBT. A Dune analytics dashboard by Web3 anti-scam firm Scam Sniffer showed that Pink Drainer, through its numerous fraudulent schemes, pilfered over $85 million from more than 21,000 victims in the last year […]
Solana-based DeFi memecoin platform Pump.fun experienced a significant breach on May 16 when an exploiter apparently utilized flash loans to manipulate the platform’s bonding curve contracts. The platform has since paused all trading activities. In a statement on social media, Pump.fun acknowledged the exploit and assured users that the platform is investigating the issue. The […]
The Chicago Mercantile Exchange (CME) is gearing up to introduce spot Bitcoin trading, responding to the growing demand for the leading digital asset on Wall Street, the Financial Times reported on May 16. CME is the world’s largest futures BTC trading medium and has been in talks with crypto traders to establish a regulated marketplace […]
Subsquid, a Web3 data access layer, has partnered with Google after raising $17.5 million across multiple funding rounds to build an omnichain indexing solution, according to a May 15 statement shared with CryptoSlate. In January, Subsquid’s native SQD token community sale emerged as the fastest CoinList sale ever, with the project selling out 5% of […]
At least two DeFi projects were targeted by significant exploits in the early hours of today, resulting in millions of dollars in losses. Sonne Finance exploited Decentralized liquidity provider Sonne Finance fell victim to a $20 million exploit on its Optimism network-based USDC and Wrapped Ethereum (WETH) contracts, according to blockchain security firm Cyvers. In […]
The Polkadot Governance Community has approved approximately $600,000 for Pop Network’s R0GUE team to develop smart contracts that integrates the blockchain network’s native DOT token. Smart contracts are digital agreements stored on a blockchain that execute automatically when predefined conditions are fulfilled. These contracts are widely used on networks like Ethereum, but they are not […]
A newly published cyber threat report from Avast has revealed substantial dominance of social engineering in cyber threats during the first quarter of 2024. Per the report, nearly 90% of cyberattacks on mobile and 87% on desktop devices involved scams, phishing, and malvertising, exploiting human vulnerabilities more than technical weaknesses. A significant rise in scams […]
Uniswap founder Hayden Adams criticized President Joe Biden’s approach to crypto regulation and said his administration’s perceived indifference to crypto could be a significant miscalculation in the 2024 election. Adams warned in a May 13 post on social media that the administration is ignoring a key issue for many Americans and compared the decision to […]
Tokyo stock exchange-listed Metaplanet declared Bitcoin as its strategic reserve asset due to the current economic uncertainty pervading the Japanese economy, according to a May 13 statement. The firm said: “Metaplanet has adopted Bitcoin as its strategic treasury reserve asset. This move is a direct response to sustained economic pressures in Japan, notably high government […]
The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto exchanges. The watchdog made the proposal in its latest consultation report for Nigeria. The move aims to bolster the country’s economic stability while enhancing its status within the African crypto sector. The recommendation comes amid […]
House Financial Services Committee Chairman Patrick McHenry said new legislation that will give the crypto industry greater clarity regarding regulatory oversight is set for a potential House floor vote by the end of May. The proposed legislation — dubbed the Financial Innovation and Technology for the 21st Century (FIT21) Act — aims to provide clear […]
The sun can produce massive flares of particles and radiation that can have a significant impact on Earth. Scientists have studied these flares for 150 years, focusing on what’s considered the largest such event of all time: the Carrington Event of 1859, named after British astronomer Richard Carrington. The sun erupted and pumped enough energy […]
Ark Invest and 21 Shares dropped staking plans in their updated spot Ethereum ETF proposal on May 10. The firms’ previous Feb. 7 filing added a clause detailing that the sponsor — 21 Shares — intended to stake a portion of the fund’s assets through third-party providers. 21 Shares expected to receive ETH as a […]
JP Morgan and Wells Fargo are the latest major global banks to disclose exposure to Bitcoin via some of the spot BTC exchange-traded funds launched in January. The two lenders filed their 13F disclosures on May 10, revealing a modest investment in the Bitcoin ETFs. JP Morgan disclosed $731,246 of spot Bitcoin ETF investments in […]
Magic Eden has surpassed Blur to become the top NFT marketplace in terms of trading volume, marking a significant shift in the competitive landscape of digital asset exchanges. This development comes as Blur, previously a dominant player in the Ethereum-based NFT market, sees a decline in its market share. According to DappRadar’s Dapp Industry Report […]
US Bancorp disclosed spot Bitcoin ETF investments worth over $15 million on May 8. The company revealed it purchased roughly 87,744 shares of Fidelity’s FBTC worth $5.4 million, 46,011 shares of Grayscale’s GBTC worth $2.9 million, and 178,567 shares of BlackRock’s IBIT worth $7.2 million. The company’s total investments stood at $71.8 billion, based on […]
Quick Take Hong Kong ETFs According to Farside data, the digital asset exchange-traded funds (ETFs) market in Hong Kong (HK) experienced a divergence in flows on May 8. While Bitcoin (BTC) ETFs saw overall inflows, Ethereum (ETH) ETFs saw outflows. HK Crypto ETF Flow Table: (Source: Farside) Farside data shows that the BTC ETFs in […]
The Nigerian government has refuted bribery allegations made by crypto exchange Binance, which were described as baseless and an attempt to distract from the company’s legal challenges in the country, according to a press statement released on May 8. Binance CEO Richard Teng recently alleged that Nigerian officials demanded $150 million in crypto to settle […]
Quick Take US Bitcoin ETFs saw an outflow of $15.7 million on May 7, marking the first day of outflows since May 2. According to data from Farside, Grayscale’s GBTC was responsible for the negative trend, as it recorded $28.6 million in outflows. This takes GBTC’s total outflows to over $17.48 billion since the launch […]
In a recent proposal, prominent Ethereum developers, including Vitalik Buterin, Sam Wilson, Ansgar Dietrichs, and Matt Garnett, suggested a new transaction type to enhance Externally Owned Accounts (EOAs). The proposal, currently in draft status, outlines the creation of a new transaction type that temporarily converts EOAs into smart contract wallets during transaction execution, offering functionalities […]
Crypto Super PACs have amassed $102 million in funds ahead of the US elections to advocate for candidates supportive of the industry, according to a report by Public Citizen. Approximately $54 million originates from direct corporate contributions, notably from industry giants Coinbase and Ripple Labs. Individual contributions from crypto executives and venture capitalists also bolster […]
Grayscale Bitcoin Trust (GBTC) experienced $63.0 million in inflows on May 3, Farside data indicates. The relevant daily inflows mark the first time since GBTC’s January launch that the fund avoided outflows, breaking its 16-week outflow streak. However, GBTC’s latest day of inflows is lower than its average daily outflows over the past several weeks […]
Bitcoin network processed its one billionth transaction 15 years after it mined its genesis block in January 2009. Notably, the network achieved this milestone the same day a Satoshi-era Bitcoin address came to life. 1 billion transactions According to data from the Bitcoin dashboard on Clark Moody, the network processed its one billionth transaction in […]
Even if you’re not an avid ‘Cosmonaut,’ you’re probably familiar with Sunny Aggarwal, the co-founder of Osmosis Labs. With an infectious smile and upbeat personality, Sunny’s name is surprisingly apt. He’s the type of person whose deep intellect, quick wit, and unbridled passion light up the spaces around him. We were scheduled to meet at […]
The following is a guest post from Shane Neagle. Regardless of an asset’s fundamentals, its value is governed by one underlying feature – market liquidity. Is it easy for the wider public to sell or buy this asset? If the answer is yes, then the asset receives high trading volume. When that happens, executing trades […]
Alexander Vinnik, a Russian national who operated the crypto exchange BTC-e, pled guilty to charges of money laundering conspiracy in the US on May 3, according to a Bloomberg report. BTC-e was one of the world’s largest crypto exchanges between 2011 and 2017. According to the prosecutors, it processed transactions worth $9 billion and had […]
On May 3, the US DOJ announced charges against former executives of Cred, a bankrupt crypto lending and investing firm. Authorities alleged that the three accused individuals — Cred co-owner and former CEO Daniel Schatt, former CFO Joseph Podulka, and former CCO James Alexander — took part in a scheme that caused customers to lose […]
Galaxy reported an assortment of VC investment data, including nearly $2.5 billion invested in the first quarter, on May 3. Crypto firms attracted funding across 603 deals during the period, representing 29% growth in dollar value and 68% growth in deal count quarter-over-quarter. The growth represents the first increase by both measures in three quarters, […]
MicroStrategy executive chairman and co-founder Michael Saylor believes the SEC will classify Ethereum as a security this summer and reject the related spot ETF applications filed by various asset managers, including BlackRock. Saylor made the prediction in a social media post on May 2 during a presentation at the MicroStrategy World 2024 conference. He further […]
French banking giant BNP Paribas disclosed it has begun purchasing shares of BlackRock’s iShares Bitcoin Trust (IBIT) and currently holds a small exposure to Bitcoin through the ETF. The firm’s latest 13F filing, dated May 1, indicates that the bank holds 1,030 shares of IBIT and values the shares at $41,684. BNP Paribas’ IBIT investment […]
On May 1, DeFi protocol Pike Finance corrected its description of a recent exploit and said it was not caused by a USDC vulnerability, as previously stated. According to the company’s latest statement: “The term ‘USDC vulnerability’ was inaccurate for summarizing last week’s exploit.” Instead, weaknesses in Pike’s contract functions, particularly issues related to the […]
The UK Financial Conduct Authority (FCA)’s recent anti-money laundering and counter-terrorist funding (AML/CTF) efforts have focused heavily on crypto. The UK Treasury said in a May 1 report that the FCA considers crypto firms — like retail and wholesale banks and wealth management firms — to be “particularly vulnerable” to financial crime and at the […]
Since February, Bitcoin has fallen to its lowest price, breaking below $60,000 and hitting $56,900 as of press time. The price is now 23% below its recent pre-halving all-time high of $73,000. Bitcoin price November to May (TradingView) Data from Coinglass shows that Binance, the most liquid exchange for Bitcoin trading, has several buy walls […]
The US Department of Justice (DOJ) announced criminal charges against Roger Ver alongside his arrest on April 30. The DOJ charges include mail fraud, tax evasion, and filing false tax returns. The mail fraud charges are related to the delivery of forms to three IRS addresses. Ver was arrested in Spain by local law enforcement the […]
A coalition of US lawmakers penned a letter to top government officials on April 28 expressing urgent concern over the use of digital currencies like Tether (USDT) by countries such as Russia, Iran, and North Korea to bypass international sanctions. The letter, signed by Senators Elizabeth Warren (D-Mass.) and Roger Marshall (R-Kan), was addressed to […]
Tron blockchain founder Justin Sun says the US Securities and Exchange Commission (SEC) would not approve an Ethereum exchange-traded fund (ETF) in May. In an April 28 post on X (formerly Twitter), Sun noted that the crypto industry still needs to prepare for a long-term education with regulators, especially in helping them understand how the […]
The following is a guest post by Nischal Shetty, co-founder and President at Shardeum. The bull market has shown signs of its arrival as the ecosystem looks forward to a market revival, which has been awaited for two years. In Web3, bear markets are generally considered the best time to build so that the products […]
The UK government enacted new laws on April 26 that grant the National Crime Agency (NCA) and police enhanced powers to seize, freeze, and destroy digital assets linked to criminal activities. The new measures aim to disrupt the financial networks of organized crime groups that increasingly exploit cryptocurrencies to launder money . These legislative changes […]
The following is a guest post by Alexander Mamasidikov, the CEO of CrossFi. The world of financial transactions is transforming, driven by the rising solutions in Web3 payments. While this evolution is being witnessed worldwide, it’s particularly noteworthy that developing countries are spearheading this change. This proactive approach reflects the agility and adaptability of these […]
Binance could strengthen its defense against the US Securities and Exchange Commission (SEC) by drawing on an unrelated case. On April 26, Binance and related parties filed a government document from an unrelated case against Mango Markets exploiter Abraham Eisenberg, who was convicted by a jury on April 18. The government’s argument Binance’s defense team […]
The US Department of Homeland Security (DHS) established an AI Safety and Security Board and named 22 members, comprising tech firm executives and other experts in the field, according to an April 26 press release. The members include OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, and the heads of major tech companies like NVIDIA […]
The FBI advised US citizens against using unregistered crypto services to transmit assets on April 25. The agency’s warning stated that users should avoid crypto money transmitting services that are not registered as Money Services Businesses (MSBs) under US federal law. Individuals should also avoid services that fail to comply with anti-money laundering (AML) requirements […]
Consensys filed a lawsuit against the US Securities and Exchange Commission (SEC) on April 25 over allegations that the watchdog has overstepped in its authority in trying to regulate Ethereum (ETH). The lawsuit alleges that the SEC aims to unlawfully regulate Ethereum through enforcement actions against various companies, including Consensys, constituting “aggressive and unlawful” overreach. Consensys intends […]
The UK’s Competition and Markets Authority (CMA) has taken preliminary steps to investigate recent partnerships made by top AI sector participants, according to an April 24 release. The CMA invited comments on Microsoft’s partnership with Mistral AI, Amazon’s partnership with Anthropic, and Microsoft’s hiring and licensing arrangement with Inflection AI. The antitrust agency aims to […]
Launched on the day of the Bitcoin halving, Runes are a form of data embedded directly into Bitcoin transactions. Unlike simple financial transfers, Runes encapsulate additional information within these transactions. Bitcoin Runes operate by utilizing a method known as “transaction augmentation,” which allows users to embed arbitrary data into transaction outputs. Runes can store a […]
Leading US nonprofits are increasingly accepting crypto donations, marking a significant shift in charitable giving trends, according to a BanklessTimes report. Two out of the three top US-based charities have accumulated over $2 billion in donations since the start of the year after they began accepting crypto funds. Tech-savvy donors Bankless Times CEO Jonathan Merry […]
The following is a guest post by Brendan Cochrane, Partner at YK Law LLP. Artificial Intelligence tools could revolutionize anti-money laundering efforts in cryptocurrency transactions. These tools can analyze far more transactions quickly than any human, helping banks and law enforcement keep up with the volume of transactions, of which there are millions per day. […]
Quick Take The recent Bitcoin halving has brought significant changes to the mining landscape. The event, which occurs every 210,000 blocks, reduced the block rewards from 6.25 BTC to 3.125 BTC, effectively cutting miners’ revenue from block rewards by 50%. As a result, the post-halving market conditions have become more challenging for miners. Miner Revenue […]
The Human Rights Foundation (HRF) unveiled the Finney Freedom Prize on Bitcoin’s fourth halving day to celebrate the flagship crypto for enabling greater financial freedom for the world. The award is designed to honor significant global achievements in Bitcoin and human rights, reflecting Finney’s vision of using technology as a tool for liberation. The inaugural […]
The following is a guest post by Mark Gofaizen, Senior Partner at Gofaizen & Sherle. As the MiCA regulation that will reshape the crypto industry approaches, crypto companies need to ensure compliance for a smooth transition. Crypto-asset market regulation (MiCA), which represents an important step by the European Union (EU) towards regulating the crypto-asset market, […]
The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about […]
The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. From AI Models on Bitcoin to AI training data on a layer 2 blockchain, coins linked to AI crypto projects are all the rage in the altcoin universe. It’s a reflection of broader market conditions. Hot stock Nvidia (NVDA.O) has stolen headlines […]
FTX investors may drop claims against the company’s co-founder and former CEO, Sam Bankman-Fried, in return for his support. Bloomberg reported on April 19 that, under a proposed settlement, Bankman-Fried would cooperate against celebrity promoters named as defendants in a $1.3 million civil lawsuit. The civil case currently names celebrities as defendants, including former NFL […]
Bitwise CIO Matt Hougan cast doubt on whether current prices truly capture the potential impact of increased demand following Bitcoin’s upcoming halving based on the Efficient Markets Hypothesis (EMH). Hougan raised critical questions about the limitations of EMH in anticipating what the market will be like post-halving. He pointed out that while EMH suggests that Bitcoin’s […]
The US SEC filed an amended complaint in its case against Justin Sun and other defendants on April 18, arguing that Justin Sun’s alleged visits to the US should grant it the jurisdiction required to pursue legal action. The regulator alleged that Sun “traveled extensively” to the US while he and several companies carried out […]
The Reserve Bank of New Zealand opened a new consultation period on a central bank digital currency (CBDC) on April 17. The current stage of development seeks input on “high-level design options for digital cash.” Digital New Zealand dollar Current plans describe digital cash denominated in New Zealand dollars (NZD) that retail users can swap […]
Geneva, Switzerland, April 16, 2024 – The Harvard Blockchain Conference, a premier gathering hosted by the Harvard Blockchain Club, showcased the TRON DAO as a Platinum Sponsor, the highest tier for the Harvard Blockchain Conference. The official conference saw a packed crowd of attendees featuring a variety of students, thought leaders, and blockchain enthusiasts discussing […]
A recent analysis by crypto exchange Bybit has sounded the alarm on a potential shortage of Bitcoin (BTC) on exchanges by the end of 2024 if demand remains at similar levels. The report predicts that reserves could be entirely depleted within the next nine months if current withdrawal rates persist — currently around 7000 BTC […]
Bitcoin saw a significant dip over the weekend, with BTC dropping from $70,090 on April 11 to $64,400 on April 13. Despite the initial fears of a broader conflict in the Middle East developing and a potential market downturn beginning, Bitcoin’s price managed to stabilize at around $66,000 as of April 15. To understand the nature […]
To reveal or not to reveal? That is starting to become the question when it comes to data on the blockchain. Transparency and immutability might disable the control of data by large power structures, yet on an individual level there remains a desire for personal ownership. A balance must be achieved. Is it naive to […]
The following is a guest post by Kadan Stadelmann, the CTO of Komodo Blockchain. The US has undergone an immense consolidation of wealth and power in recent years. Americans everywhere are suffering while modern-day robber barons get fat off a 21st-century Gilded Age or roaring Twenties. Unlike the Gilded Age and 1920s, however, the 2020s […]
On January 10, 2024, the U.S. Securities and Exchange Commission (SEC) approved multiple applications for spot Bitcoin ETFs. On day one, $4.6B in shares were traded, with cumulative trading volume exceeding the $50B mark by February 22. The ETF approval in the U.S. is expected to have a far-reaching impact across Asian markets where investment […]
A US court has sentenced Shakeeb Ahmed to three years in prison for hacking two separate decentralized crypto exchanges and stealing digital assets worth over $12 million, according to an April 12 statement from the US Department of Justice. The sentencing marks the first time someone has been convicted for hacking a smart contract. US […]
World App, the first native Worldcoin (WLD) wallet, has reached the milestone of 10 million users in less than 12 months from its launch. As the first wallet compatible with World ID, the World App significantly contributes to providing accessible, self-custodial wallet services worldwide. The team launched the World App in May 2023, quickly gaining […]
How many new Web3 solutions have you encountered recently? What was their value proposition? Most likely it was transaction scalability, fee reduction, speed optimization, or a new token for yet another payment system. It almost seems that the blockchain industry is stuck in a Groundhog Day of exclusively solving a single task: transferring currency from […]
The US SEC has issued a Wells notice to Uniswap Labs, the entity behind the Ethereum-based decentralized exchange, Uniswap. The notice signals the SEC’s plan to bring a lawsuit against the company for issues related to securities laws. Hayden Adams, founder of Uniswap, shared his reaction to the SEC’s warning on social media, saying: “I’m […]
In an era where environmental sustainability is no longer a mere aspiration but a global imperative, the marriage of cutting-edge technology and environmental commitment gives rise to innovative and effective carbon-reduction solutions across the farming sector. At the forefront of this intersection lies the transformative potential of blockchain technology to make environmental commitments and claims […]
The Solana community has voted to activate the Timely Vote Credits (TVC) mechanism on its mainnet to improve the blockchain’s transaction processing speed and overall efficiency. The TVC mechanism introduces a new incentive structure for validators, rewarding faster transaction processing with higher vote credits. The decision to activate the mechanism follows comprehensive testing and discussions […]
Bitcoin and crypto are no longer seen as a fleeting “fad” among consumers — the majority now consider them an integral part of the financial system, Reuters reported on April 8, citing a Deutsche Bank survey. The survey gathered responses from 3,600 individuals and revealed a slow yet noticeable shift in consumer attitudes towards bitcoin […]
Leading Chinese mutual funds are actively exploring Bitcoin exchange-traded funds (ETFs) through their subsidiaries in Hong Kong, with adoption set to kick off within the second quarter once regulatory approval is secured, local media reported on April 8. The move marks a significant pivot toward crypto investment among firms in the region, which have avoided […]
FTX creditors have strongly disapproved of the bankrupt crypto exchange’s decision to sell its Solana holdings at a significant discount to crypto venture firms. Earlier today, reports revealed that FTX offloaded as much as 30 million SOL at a rate of $64 each to VC firms like Pantera Capital and Galaxy Trading. The move is […]
Following a nine-day trial, a jury found Terraform Labs and its co-founder Do Kwon liable for defrauding investors who lost billions when TerraLUNA collapsed in 2022. The SEC announced the verdict on April 5 in a press release. The regulator emphasized that the verdict holds both parties accountable for a “massive crypto fraud” that caused […]
The persistent disconnect between policymakers and technology invariably results in proposed and approved regulations overlooking pertinent parts of new technologies. US lawmakers and regulators face the challenge of regulating emerging technologies across blockchain and AI. Policymakers, like Senator Cynthia Lummis, have acknowledged the need for innovation in the financial sector and proposed legislation like the […]
Discover the cities of Jericoacoara, Rolante, and São Thomé das Letras, three tourist cities using Bitcoin as everyday money. Understand how the Lighting Network plays a crucial role in promoting the use of Bitcoin as a payment method. Store of Value or Medium of Exchange? Bitcoin (BTC), the leading crypto on the market, is establishing […]
Three blockchain advocacy groups have filed amicus curiae briefs on April 5 to defend Tornado Cash developer Roman Storm from criminal charges in the US. The filings support Storm’s motion to dismiss the charges against him and present several arguments to ensure developers are protected from such legal action. The Blockchain Association said the government’s […]
Quick Take The recent Bitcoin Cash (BCH) halving has sparked a significant price rally, propelling the digital asset to its highest level since 2021. Based on CryptoSlate research, an intriguing pattern has been observed in the lead-up to this halving event, potentially holding implications for the broader digital assets market. In the months preceding the […]
Crypto venture capital (VC) investments increased in the first quarter of 2024, according to a survey published by Crypto Koryo on April 4. The analyst measured growth across two distinct metrics. VCs invested nearly $2 billion in crypto projects, marking an increase of 38% from Q4 2023. VCs also invested in 250 crypto projects, representing […]
Google has taken legal action against a group of individuals it accuses of defrauding over 100,000 people globally by distributing counterfeit crypto apps through its Google Play store, CNBC reported. The lawsuit was filed in the Southern District of New York on April 4. The move represents Google’s effort to combat crypto scams and aims […]
Google is reportedly considering the introduction of paid “premium” features powered by generative AI to its search engine, The Financial Times reported on April 2. Sources close to the matter told the newspaper that Google is exploring the possibility of incorporating AI-enhanced search capabilities into its existing suite of premium subscription services. The suite already […]
Quick Take During the 2013 Cyprus financial crisis, Bitcoin’s reaction provided an early indication of its potential as a “risk-off” asset and alternative safe haven. The instability in Cyprus’s banking system was attributed to lax regulation within the sector and overextension among property developers, as reported by The Guardian. Before the crisis escalated, on March […]
Grayscale Bitcoin Trust (GBTC) recorded lower outflows for the first time since the launch of spot Bitcoin ETFs on April 2, after ARK 21Shares (ARKB) posted outflows amounting to $87.5 million, according to Coinglass data. Comparatively, GBTC recorded the lowest outflows since March 12 at $82 million. The data for the other ETFs, including IBIT and […]
Bitcoin exchange-traded fund (ETF) issuer VanEck is set to oversee the reserve fund for a new stablecoin venture called Agora Dollar (AUSD). The stablecoin firm raised $12 million in a funding round led by crypto venture fund Dragonfly. The firm was launched by Nick Van Eck, the son of legendary investment manager Jan Van Eck, in […]
Burkett Financial Services, a South Carolina-based financial planner, disclosed investments in two Bitcoin exchange-traded funds (ETFs) on April 1. Burkett’s latest Form 13F filing indicates it holds 602 shares of BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF. The firm’s holdings are valued at $24,363. The company also holds 630 shares of ProShares’ Bitcoin […]
Bitcoin fell over 4.5% to a local low of $68,000 on April 1, marking a red start to the month after seven consecutive monthly closes in the green. The flash crash resulted in $319.43 million in liquidations over the past 24 hours — with longs making up the vast majority at $252.42 million. While there […]
The following is a guest post from Evgeny Filichkin, an Investment Advisor at Keytom neobank. When Bitcoin cleared the $69,000 level and established a new all-time high, it resulted in the so-called ‘euphoria zone’ — a phase in the market cycle characterized by extreme optimism and speculative frenzy among investors. With the upcoming April halving […]
The following is a guest post from John deVadoss, Governing Board of the Global Blockchain Business Council in Geneva and co-founder of the InterWork Alliance in Washington, DC. Last week, I had the opportunity in Washington, DC to present and discuss the implications of AI relating to Security with some members of Congress and their […]
Ethereum co-founder Vitalik Buterin recently articulated a reflective and forward-looking perspective on the evolution of memecoins within the crypto ecosystem. Memecoins, initially popularized by Dogecoin and later by a plethora of imitators, have been a subject of much debate and scrutiny for their volatile nature and, at times, controversial impacts. Buterin’s latest blog post delved […]
A Wyoming court has ruled against Caitlin Long’s Custodia Bank by determining that the lender is not entitled to a Federal Reserve master account. In a summary judgment on March 29, Judge Scott W. Skavdahl found that Custodia Bank has no statutory entitlement to a master account and will not be granted a writ of […]
Elon Musk announced that an upgraded iteration of his artificial intelligence firm xAI’s chatbot Grok may be released next week. This revelation came via Musk’s social media post on March 29, following xAI’s announcement of Grok-1.5 in a blog post. The enhanced AI chatbot will initially be accessible to “early testers and existing Grok users […]
Quick Take The digital asset market is witnessing an accelerated phase of Bitcoin (BTC) accumulation across two distinct cohorts: Shrimps and Sharks. The “Shrimp cohort” refers to retail investors holding less than one Bitcoin who have traditionally increased their holdings steadily. Currently, this group is exhibiting its most assertive accumulation since November 2023, expanding its […]
Ethereum liquid restaking platform Prisma Finance said its vaults were exploited earlier today for an undisclosed sum. According to the protocol: “Prisma Protocol has been paused by the emergency multisig and remaining funds are safe. mkUSD and ULTRA, as stablecoins, are overcollateralized and are not at risk.” CryptoSlate data shows that the mkUSD stablecoin has […]
