Author: News Room
As the cryptocurrency community still awaits the conclusion of the courtroom standoff between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, legal experts have highlighted what seems to be the regulatory watchdog’s unequal approach. Specifically, law professor J. W. Verret pointed out that the “SEC typically collects 11% of unregistered sales claims, but in Ripple case, they want 300%,” adding that “this is what abuse of power looks like,” as he explained in a post on his X profile BlockProf shared on April 3. Disproportionate Ripple SEC request Furthermore, Verret posted a graphic showing the disproportionate…
In a recent conversation with Anthony Pompliano, Dan Tapiero, CEO & CIO at 1RoundTable Partners and 10T Holdings, shares his in-depth views on Bitcoin, its position within the macroeconomic landscape, and the future of digital assets. Tapiero begins by reflecting on the macroeconomic backdrop that has evolved since 2020. He says that unlike the previous consensus that Bitcoin’s value rises solely during periods of negative real interest rates, its performance amidst a 5% short rate scenario signifies a broader appeal and utility beyond just a hedge against fiat debasement. This observation challenges the traditional macro viewpoint, suggesting a deeper, more…
Ripple, the company behind the XRP Ledger, has announced its entry into the stablecoin market, a sector currently dominated by players like Tether’s USDT and Circle’s USDC. The new stablecoin, yet to be named, will be pegged to the US dollar and is expected to launch later this year. Ripple to Launch a Stablecoin Ripple’s offering aims to distinguish itself by being “100% backed by US dollar deposits, short-term US government Treasuries, and other cash equivalents.” This move places a strong emphasis on security and stability. According to Ripple, the decision to venture into stablecoins comes at a time when…
In a recent announcement by Binance on April 4, 2024, the firm disclosed its decision to halt support for Bitcoin-based Ordinal non-fungible token (NFT) collectibles within its NFT marketplace. The directive from Binance calls for users of its NFT marketplace to withdraw their Ordinal inscriptions by May 18, 2024. Binance NFT Marketplace to End Ordinal […] Read the full article here
Cats are having their moment in the wild world of meme coins. A couple of quirky tokens, cat in a dogs world (MEOW) and Book of Meow (BOMEOW), have taken the market by storm this week with blistering rallies. But while traders scramble to get involved with these “cat coins,” a different animal-themed project is quietly building hype – Slothana (SLOTH). cat in a dogs world Rallies 459% in Just 4 Days When it comes to this week’s cat craze, cat in a dogs world has been leading the charge. Launched last week on March 27, this no-utility, cat-themed token…
Quick Take On Apr. 2, CryptoSlate reported that the US government sold 1,999 Bitcoin (BTC), valued at approximately $130 million, from a wallet associated with Silk Road to the digital assets exchange Coinbase. As per Arkham Intelligence firm, only 1,999.999 BTC were spent in the transaction, leaving the remaining 29,799.99012413 BTC unspent. The recent transaction reduced the US government’s seized BTC balance from 210,800 BTC to 208,800 BTC, as per CryptoQuant data. Consequently, the government now holds less than 1% of the total BTC supply. This sale aligns with the government’s ongoing strategy of gradually offloading seized BTC holdings, according…
Wormhole’s newly released cross-chain protocol W token is delivering traders 999% weekly returns as long as it is not maxed out on Kamino, a decentralized finance (DeFi) platform on Solana. Yield can be earned by pairing W with JitoSOL (JTO) and locking both tokens in the liquidity pool on Kamino. The rewards offered are over 3,300 W and 666 JTO per day, totaling $7,000 currently, plus a portion of the trading commissions generated in the W pool and JitoSOL. JitoSOL is a token that is issued when a user stakes Solana (SOL) tokens on Jito, a separate protocol also based…
Crypto exchange Binance has announced that its NFT marketplace will no longer support Bitcoin Ordinals. In a blog post, Binance noted that the decision to axe support for the NFT-like inscriptions was taken “as part of its ongoing efforts to streamline product offerings” on its NFT marketplace. From April 18th, users will no longer be able to trade Bitcoin Ordinals on the Binance NFT Marketplace. The exchange also advised users to withdraw their Bitcoin Ordinals from the marketplace before May 18th. The exchange also noted that “airdrops, benefits, or utilities” linked to Bitcoin Ordinals will no longer be supported from…
Prominent pro-XRP crypto exchange Bitrue has asked crypto enthusiasts to choose between investing $1 million in XRP or buying a Tesla. In a recent post on X, Bitrue sought the crypto community’s view about their best choice should they somehow make $1 million from XRP. Specifically, the exchange asked if investors would prefer procuring more XRP with their newfound $1 million or simply walk away with the profit and acquire an electric car from the Elon Musk-led automobile company Tesla. “You just made $1 million from XRP. Do you buy more XRP or a Tesla,” Bitrue curiously inquired. You just…
Binance, the world’s largest cryptocurrency exchange, continues to make listing announcements for altcoins. At this point, the latest news came for JTO, BOME and WIF. Binance listed the following trading pairs: “BOME/USDC, JTO/USDC and WIF/USDC” “To expand the list of trading options offered on Binance Spot and improve the trading experience of users; It will open trading for BOME/USDC, JTO/USDC and WIF/USDC trading pairs at 08:00 UTC on 05.04.2024 and activate Spot Algo Orders Trading Bots services.” Finally, Binance added that users residing in some countries and regions will not be able to trade with the specified spot trading pairs…