Author: admin
The Unstoppable Journey of Samuel Edyme in the Crypto Space
Samuel Edyme, also known by the nickname HIM-buktu, is a multi-talented individual with a strong presence in the web3 content writing, journalism, and trading realms. His journey into the crypto universe has been nothing short of fascinating, filled with challenges and triumphs that have shaped his unique perspective on the market dynamics. Unlike many others…
The Rise of Popcat: A Meme Coin Success Story
The cryptocurrency market saw a mixed bag of results this week, with major coins experiencing a decline in value. Bitcoin, for example, dropped by 3% following a decrease in open interest for BTC futures among institutional investors. In contrast, Popcat, a meme coin, displayed remarkable strength with a staggering 52% increase in value by midday…
The Latest Announcement from Binance: Adding Trading Pairs and Services
Binance, the world’s largest crypto exchange, continues to expand its list of trading choices to enhance users’ experience and respond to ongoing market trends. The latest announcement includes the addition of DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC on Binance Spot. Additionally, trading bot services will be available for pairs such as DOGS/BRL, DOGS/USDC, BONK/TRY, PEPE/TRY, 1000SATS/TRY,…
OpenSea CEO Responds to SEC’s Targeting of NFT Platforms
The US Securities and Exchange Commission has been actively targeting various cryptocurrency platforms in recent months, with mixed results. The latest platform to come under scrutiny is OpenSea, a popular NFT marketplace. The CEO of OpenSea, Devin Finzer, took to social media to express his disappointment in the SEC’s actions, particularly in light of the…
The Aftermath of WazirX’s $234 Million Hack: A Complex Legal Battle Unfolds
After the $234 million hack of WazirX in July, the crypto platform has found itself in a legal battle as CoinSwitch announced its intention to pursue legal action to recover approximately $9.6 million in digital assets trapped on WazirX’s exchange. Following this development, WazirX entered into an initial 30-day moratorium to draft a restructuring plan,…
The Future of Cardano: Chang Hard Fork and Community Governance
Cardano, a blockchain network known for its commitment to decentralization, is on the brink of a major upgrade known as the Chang hard fork. This upgrade, originally slated for August 27, has been rescheduled to September 1 in order to allow crypto exchanges like Binance to prepare for the transition. The Chang hard fork marks…
The Impact of SEC Regulations on NFTs: OpenSea’s Fight Against Securities Classification
The recent announcement by OpenSea CEO, Devin Finzer, regarding the Wells Notice from the US Securities and Exchange Commission (SEC) has sent shockwaves through the NFT community. The SEC’s decision to classify NFTs on the platform as securities has raised concerns among creators and artists who fear the stifling of innovation and potential livelihood jeopardy.…
The Decline of Cardano: An In-depth Analysis
Cardano, a popular cryptocurrency platform, experienced a significant decline in the second quarter of 2024, according to a report by data intelligence firm Messari. The native token of Cardano, ADA, saw a notable drop in various key performance indicators during this period, reflecting the broader downturn in the cryptocurrency market. ADA’s price plummeted by 39.7%…
The Future of Investment in Blockchain Gaming: Gameplay Galaxy’s $11.17 Million Seed Extension Round
Blockchain technology has been making waves in the gaming industry, with Gameplay Galaxy emerging as a key player in this space. The recent news of their $11.17 million seed extension round has caught the attention of many, signaling a potential shift in investment strategies within the blockchain gaming sector. Unlike traditional equity rounds or ICOs,…
The Evolution of Maker: Rebranding to Sky
Maker, a prominent DeFi lending protocol on Ethereum, recently underwent a rebranding to “Sky” alongside significant enhancements to its decentralized stablecoin system. This rebranding also extended to its stablecoin, previously known as DAI, now rebranded to USDS, and its governance token, which has changed to SKY. The conversion process involves exchanging 1 DAI for 1…
The Future of France as a Crypto Hub: Uncertainties and Challenges Ahead
France has long been seen as a favorable base for crypto businesses due to its clear regulations, skilled workforce, and innovation-friendly environment. However, the recent French elections have brought about uncertainties in the country’s position as a crypto hub. The surge in support for the New Popular Front (NFP) coalition, which has proposed significant changes…
The Evolution of Meta’s Mixed-Reality Headset Strategy
Meta’s recent decision to cancel the development of its next-generation mixed-reality headset has sparked discussions within the tech community. Was this move a strategic error that forfeits a chance to compete with Apple’s Vision Pro, or was it a necessary adjustment in a swiftly changing market? The answer seems to lie somewhere in between, as…
The Downfall of Abra: Violations and Settlements
The recent case involving the US Securities and Exchange Commission (SEC) and Abra has brought to light serious allegations against the crypto lending firm. Abra was accused of failing to register its crypto asset lending product, Abra Earn, which resulted in settled charges by the regulatory body. Stacy Bogert, Associate Director of the SEC’s Division…
The Pushback Against Ryan Salame’s Attempt to Void His Guilty Plea
The US government recently responded to former FTX executive Ryan Salame’s attempt to void his guilty plea. Salame claims that his plea was based on false promises from prosecutors regarding their investigation into his partner, Michelle Bond. However, the US Attorney’s Office labeled Salame’s allegations as “demonstrably false” in a recent filing. They emphasized that…
