Author: News Room
Consensys says it has actively participated in the ongoing discourse regarding the potential listing and trading of the iShares Ethereum Trust on Nasdaq. This initiative is currently under the Securities and Exchange Commission’s (SEC) review, which specifically called for public commentary concerning Nasdaq’s application. Consensys’s engagement comes in response to the SEC’s inquiry about Ethereum’s unique attributes, mainly focusing on aspects such as its proof of stake (PoS) consensus mechanism and the concentration of control, which could potentially impact its vulnerability to fraud and manipulation. Consensys plays a pivotal role within the blockchain and cryptocurrency ecosystem, primarily as a software…
The crypto market anticipates a substantial influx of assets in April, with over $1.7 billion worth of tokens slated for release. Notable among these are Aptos, Axie Infinity, Arbitrum, and Ronin tokens. Token unlocks have gained traction as a strategy to gradually introduce locked assets into the market over a predefined timeframe. Proponents argue that this method aligns incentives among project investors and stakeholders. However, it frequently leads to short-term volatility and price dips. Top Token Unlocks in April CryptoRank, a leading crypto research and analytics platform, has identified the top 10 token unlock events in April. These have a cumulative…
A London woman has been convicted for money laundering, having been found with over $4.3 billion in bitcoin, which she converted into physical assets. The SEC is seeking a nearly $2 billion fine from Ripple Labs in a landmark XRP lawsuit, a move Ripple’s CEO deems unprecedented. The activation of a dormant bitcoin wallet, known […] Read the full article here
The CEO of Lightning Network wallet Strike says the US government’s rapid debt accumulation will be the catalyst that sends Bitcoin (BTC) to greater heights. In a new interview with Bloomberg Technology, Jack Mallers says the United States has no way of paying off its record-high $34.578 trillion debt. According to Mallers, he sees the government eventually turning on the money printers and issuing more dollars to meet its financial obligations. “Our government is in debt. Traditionally, if I owed you $20, I’d have two options. I’d, one, have to default on that… The other is I could pay it…
The US and UK authorities have ramped up their crackdown on entities linked to terrorism financing via crypto after the October 7th attacks on Israel. As such, the US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) imposed fresh sanctions earlier this week on two individuals and three entities for their alleged involvement in fundraising for the Palestinian Sunni Islamist political entity, Hamas. Pro-Hamas Entities Face Sanctions The sanctioned entities include Gaza Now, a Gaza-based social media outlet, and two London-based businesses, Al-Qureshi Executives and Aakhirah Limited. Mustafa Ayash, the founder of…
Bitcoin (BTC) reclaims the crucial $70,000 level, signaling a potential continuation of the bull run. Technical indicators suggest further gains are possible, with analysts eyeing $75,000 as the next key target. “This move highlights Bitcoin’s inherent resilience and could usher in a new wave of investor enthusiasm,” says market analyst Alican Çınarbaş. Get expert analysis on Bitcoin’s breakout above $70,000. Discover what’s driving the price action, key levels to watch, and potential scenarios for BTC’s near-term future. Bitcoin Price Analysis: $70,000 Breakthrough Ignites Bullish Momentum Bitcoin BTCUSDT Chart 4D on 30 MAR / Click to image to zoom. Bitcoin (BTC)…
As Sam Bankman-Fried was sentenced to 25 years in prison, meme coin enthusiasts placed their bets on a knock-off FTX meme coin humorously named Sam Baseman Fraud. On Thursday, Judge Lewis Kaplan sentenced the disgraced FTX founder to a total of 300 months in prison on several counts of fraud, money laundering, and attempted witness tampering. One developer saw the news as the perfect opportunity to cash in on the buzz. You might also like: FTX founder Sam Bankman-Fried sentenced to 25 years in prison An anonymous developer launched Sam Baseman Fraud just a few hours before Bankman-Fried’s sentencing on…
Bitcoin (BTC) reclaimed $70,000 in the early hours of March 31 after an earlier decline. Likewise, Ethereum (ETH), which dropped below $3,500, was able to find its way back to $3,614 at press time. But those were not the only major moves in the market as BTC and ETH seemed to influence certain hikes. First on the list was Core (CORE), the native token of a Layer-1 blockchain built on Ethereum, and compatible with the Ethereum Virtual Machine (EVM). As of this writing, CORE’s price was $1.61, representing an incredible 36.52% increase in the last 24 hours. The trading volume…
The hype for Solana meme coins is not cooling down soon after dogwifhat (WIF) hit a milestone on Friday. Meanwhile, another animal-themed token is exploding in price. A new contender in the meme coin sector is catching traders’ attention —”cats in a dogs world” (MEW). Per data from CoinGecko, MEW rallied over 120% on Friday, reaching $513 million in market capitalization in just 48 hours of trading. The weekend saw even more gains, as MEW went as high as $0.008, and its market cap soared past $700 million. Support From Hayes Moreover, the token might have gained an uptick in…
In a bold move, Daffy, a Donor Advised Fund platform, has opted to drift away from the traditional approach of utilizing Vanguard funds in its model. Instead, it has chosen to embrace Bitwise funds, including the BITB Bitcoin ETF to incorporate exposure to cryptocurrencies. Moreover, Bitwise CEO Hunter Horsley lauded the firm’s move to resort to Bitwise funds for crypto exposure. Read the full article here