Amidst a flurry of records and all-time highs in the cryptocurrency industry, Binance has announced a significant milestone. Its user assets under custody is surpassing $100 billion as of March 18. Despite recent actions by the United States Department of Justice targeting the exchange and its co-founder Changpeng Zhao, Binance has demonstrated resilience and continued […]
Yuga Labs co-founder Greg “Garga” Solano has announced his return as CEO, replacing Daniel Alegre after less than a year in charge. Solano expressed gratitude for Alegre’s contributions but emphasized his enthusiasm for steering Yuga Labs into its next chapter. Strategic Shifts and Acquisitions Solano’s return coincides with Yuga Labs’ acquisition of Proof, the digital […]
A recent flurry of activity has seen several meme coins experiencing significant price increases, with BONK, PEPE, and Dogwifhat leading the charge. However, experts warn that extreme volatility remains a major risk associated with these assets. BONK Barks Back Solana-based BONK gained 7% in the last 24 hours, currently trading at $0.00001284. This represents a 27% increase from last week […]
Five Republican senators are criticizing the U.S. Securities and Exchange Commission (SEC) for its handling of a lawsuit against a crypto company called DEBT Box. They worry that the SEC’s mistakes in this case might also be present in other cases they’re pursuing. The SEC admitted to misrepresenting evidence in court when they accused DEBT […]
The Securities and Exchange Commission (SEC) has implemented a new rule requiring stricter oversight of market participants, including those in the cryptocurrency and decentralized finance (DeFi) sectors. This 247-page rule mandates compliance with federal securities laws for individuals significantly impacting liquidity within the market. The rule applies to crypto assets considered securities or government securities, excluding individuals […]
MicroStrategy, the leading public company investor in Bitcoin, has further solidified its position by acquiring an additional 850 BTC, bringing its total holdings to 190,000. This move underscores the company’s bullish stance on Bitcoin and its belief in its long-term potential. Expanding Bitcoin Holding MicroStrategy spent $37 million in January to acquire the additional Bitcoin, increasing […]
Despite a turbulent start on cryptocurrency exchange Binance, the Ronin gaming blockchain ecosystem appears to be on the mend. While the token’s price faced volatility upon listing, it has since stabilized, and the team remains focused on growth and security. Before the Feb. 5th listing, leaked information led to insider trading, causing the token price […]
Republican lawmakers are seeking answers from Treasury Secretary Janet Yellen on how the Financial Stability Oversight Council (FSOC) defines cryptocurrencies and the regulatory gaps in the spot market for digital assets. FSOC’s Role and Concerns The FSOC, led by Yellen, is tasked with monitoring the stability of the financial system. In a 2022 report, the […]
BlackRock’s iShares Bitcoin Trust launched mid-January, has entered the top 0.16% of all US ETFs in terms of inflows. It has secured a surprising position in the top 5 ETFs with the most inflows in 2024, despite launching just 17 days ago. With over $3.19 billion in inflows, the Bitcoin ETF has outpaced competitors, ranking […]
Ethereum is exploring ways to optimize its blockchain for a “rollup-centric” future, focusing on scaling solutions called rollups. However, the current block size usage isn’t ideal, prompting co-founder Vitalik Buterin and the Ethereum Foundation to propose five solutions to reduce the maximum block size. The Challenge: Block Space Optimization With rollups handling most transactions off-chain, […]