DraftKings, a well-known online sportsbook operator, is currently facing legal challenges, including a class action lawsuit related to its NFTs. The recent ruling by a US District Judge in Massachusetts denied DraftKings’ motion to dismiss the lawsuit. This ruling has significant implications for the classification and regulation of NFTs. Initiated by Justin Dufoe in March
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The Bitcoin network is currently experiencing signs of miner capitulation, with miners either ceasing operations or selling off a portion of their Bitcoin reserves. This phenomenon typically indicates a bottoming out of Bitcoin prices and is often followed by a resurgence in the asset’s value. Since the recent halving, the network hash rate has fallen
Recently, Ripple has been making headlines not only for its ongoing legal battle with the SEC but also for its attempt to leverage a recent court ruling on Binance’s BNB token to argue against harsh penalties from the securities regulator for its XRP sales. The company filed a Notice of Supplemental Authority, citing the lack
The recent turmoil in the crypto market has left many traders reeling from significant losses as both Bitcoin and altcoins experience a market-wide crash. The downward spiral of the Bitcoin price has resulted in tens of thousands of traders being liquidated, leading to hundreds of millions of dollars in losses in just the last day.
Ethereum (ETH) is currently facing a significant downturn, with its price rapidly approaching the crucial support level of $3,051. This sharp decline reflects an increase in selling pressure and a growing bearish sentiment in the market. Traders are closely watching Ethereum’s behavior as it nears this critical threshold, looking for signs of either a stabilization
Bitcoin, the leading cryptocurrency, has been facing significant negativity in the market, with prices remaining bearish. However, it has not deterred large investors from accumulating more Bitcoin in their portfolios. These investors, who hold over $600,000 worth of Bitcoin, have been actively increasing their holdings over the past six months. On-chain data from Santiment indicates
The meme coin DADDY recently experienced a significant surge of 35% in its price within a 24-hour period. This surge brought its value to approximately $0.15, with a market capitalization close to $100 million. The catalyst for this price increase was an announcement made by Andrew Tate, a former kickboxer and popular online influencer, urging
Recently, KuCoin announced that they would be implementing a 7.5% value-added tax on trading fees for their Nigerian users starting from July 8. This decision was made in response to what they referred to as “an important regulatory update.” The tax would be applied to transaction fees rather than the transaction amount itself, and it
Mark Zuckerberg, CEO of Meta, envisions a future where smart glasses will gradually replace mobile phones as humanity’s primary communication and computing devices. In a recent interview, Zuckerberg discussed Meta’s most exciting future product, smart glasses featuring cameras, microphones, speakers, and a full field-of-view (FOV) holographic display. Despite skeptics questioning Meta’s pivot from Facebook to
In a recent analysis, crypto analyst Quinten François has provided an ultra-bullish narrative for the future trajectory of Bitcoin. He suggested that Bitcoin could potentially rise to as high as $4.5 million. François highlighted the significance of Bitcoin’s fourth halving, claiming that the “fireworks” were just about to begin for the flagship cryptocurrency. According to
There is a sense of optimism among asset managers regarding the approval of the first U.S. ETFs directly investing in Ethereum by the Security and Exchange Commission (SEC). The SEC has set a deadline for ETF applicants to submit updated paperwork and amended S-1s by July 8. There are expectations of potential additional rounds of
Tom Lee, Fundstrat’s head of research, has once again reiterated his bold prediction that Bitcoin will skyrocket to $150,000. His unwavering belief in the pioneer cryptocurrency’s bullish outlook has caught the attention of many investors and analysts alike. Lee’s recent interview with CNBC Television shed light on his optimistic stance on Bitcoin’s future, stating that
Cardano (ADA) has recently experienced a retracement from its yearly high, dropping from $0.810 to as low as $0.357 in June. Despite this decrease, ADA has shown some resilience compared to Bitcoin (BTC) and Ethereum (ETH), with a 2% increase in the past 24 hours and over 12% in the past two weeks. Technical analysts
Ethereum (ETH) price experienced a setback as it dropped back to the $3,400 support level after briefly surpassing $3,500 on Monday. The delay in the price surge is attributed to the SEC’s postponement of the expected full approval for Ethereum ETF applications to July 8. Analysts were initially anticipating approval by July 2, but the
