Author: News Room
Bitcoin and the rest of crypto went through a brutal cycle in the last two years. Dubbed “crypto winter,” the unforgiving market crushed the hopes of many traders, startup founders, and investors. Marked by scandals, regulatory uncertainty, and lots of FUD (fear, uncertainty, and doubt in crypto parlance), crypto winter brought down some of the industry’s most significant projects and companies. However, the US SEC’s successive approvals of eleven spot BTC ETF applications on January 10, 2024, changed all perspectives, turning many bullish. It’s not just institutions that are optimistic about the development. Even smaller retail traders are excited about…
Rep. French Hill recently cited Ripple’s court verdict against the SEC to emphasize the need for the commission’s reform. The United States Securities and Exchange Commission (SEC) has been under scrutiny in recent times, especially regarding its regulatory policies in the crypto space. Hill Cites Ripple Ruling In a recent development, Rep. French Hill (R-Ark), chair of the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, slammed the commission during a hearing. The hearing titled “SEC Overreach: Examining the Need for Reform” was held yesterday on Capitol Hill. Notably, the lawmakers at the hearing deliberated on whether…
The U.S. law enforcement has apprehended Robert Robb, an MEV engineer known in the crypto community as “pokerbrat,” according to records from the Henderson Police authority. The reason behind the arrest, which happened on March 20, remains unknown as of press time. However, ZachXBT, the on-chain sleuth who called attention to the situation, claims the development could be tied to an earlier rug pull allegedly masterminded by Robb. I am pleased to share @pokerbrat2019 aka Robert Robb was arrested earlier today in Las Vegas according to Henderson Police records. In December 2023 I made a post detailing how he stole…
Notcoin, a simple clicker game built in the messaging app Telegram, continues to gain traction ahead of its planned token airdrop expected in the weeks ahead. Over the past day, the game has set new milestones for total players to date and daily active users. According to in-game data, Notcoin has now amassed more than 30 million total players via Telegram since inception. And early Wednesday, Notcoin said that it hit another peak of more than 5 million daily active players for the first time. Granted, this is based on in-game data—Notcoin is not currently on-chain, so there’s no way…
The world’s largest asset manager BlackRock has recently launched its first Ethereum-based tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which saw the firm fund an Ethereum wallet with $100 million worth of USDC. This initial foray into crypto, however, has taken an unexpected turn. Following the public identification of BlackRock’s wallet address, a wave of crypto enthusiasts sent a flurry of tokens, including memecoins and non-fungible tokens (NFTs), to the address. BlackRock’s digital coffers now hold at least $100,000 worth of these unexpected assets, including 500,000 unshETHing_Token (USH), 250,000 DETF tokens, and 10,000 Realio Network (RIO) tokens. The…
Fantom (FTM) price hit the ceiling today as the cryptocurrency has declined by more than 6% in the last 24 hours. This drawdown is set to leave FTM holders even more distraught since the likely outcome will mean losses for more investors. Fantom Price Poised for a Correction Fantom price had a good run this past week, rising by more than 40%, breaching the $1.00 mark and closing at $1.11 on Wednesday. However, by the looks of it, this will be the highest point of the rally as the cryptocurrency has already begun to decline. At the moment, the altcoin…
An investigation carried out by blockchain sleuth Zackxbt has found that the trend where individuals ask for funds on social networks and promote their meme coin launches has grown in popularity. Almost $150 million has been raised on Solana after Book of Meme (BOME), the token that pioneered this trend, launched earlier this month. Meme […] Read the full article here
Dog-themed crypto asset Dogecoin (DOGE) is surging after Coinbase announced its plans to launch futures trading for the memecoin. According to a filing by Coinbase earlier this month, the top US-based crypto exchange platform registered with the Commodity Futures Trading Commission (CTFC) to offer DOGE derivatives starting on or after April 1st. “Pursuant to Commodity Futures Trading Commission hereby submits for self-certification its initial listing of the Dogecoin futures contract to be offered for trading on the exchange on or after April 1st.” News of Coinbase’s plan to offer DOGE futures sent the meme asset flying, as it went from…
Argentines are reportedly buying Bitcoin (BTC) instead of the US dollar to protect themselves from currency devaluation. According to Bloomberg, Argentina-based crypto exchange Lemon is seeing a large increase in Bitcoin purchases as the South American country faces an inflation rate of 276%, one of the highest in the world. In the week ending March 10th, the exchange recorded 35,000 transactions to buy the flagship crypto asset. This purchase volume is double the weekly average last year. Other major exchanges in Argentina such as Ripio and Belo also see a similar trend. According to Belo CEO Manuel Beaudroit, Bitcoin and…
The crypto market has caught a fresh wave of bullish momentum, with Bitcoin (BTC) and Bitcoin Cash (BCH) leading the charge. As coins across the board flash green, the double-digit pumps from BTC and its fork reflect the renewed appetite from traders. Crypto Market Roars Back as BTC & BCH Pump Bitcoin has roared back today, with the largest crypto by market cap rising over 10% in the past 24 hours alone. Currently trading at $67,750 on exchanges, BTC has re-established its uptrend after a brief period of bearish price action. Not to be outdone, Bitcoin’s foremost derivative, Bitcoin Cash,…