Author: admin
The German State of Saxony Continues to Deplete Bitcoin Reserves
The German state of Saxony has been actively selling off its Bitcoin reserves that were confiscated from Movie2K, a film piracy website earlier this year. This has been a major move by the government, with over $3 billion worth of BTC being auctioned off. The latest development came on Thursday when Bitcoin wallets connected to…
Discovering My Journey in the Crypto World
Growing up in Edo State, Nigeria, I was fortunate to have a supportive family that shaped my values and beliefs. My siblings have always been my role models, guiding me through the ups and downs of life. My parents, the pillars of my existence, provided unwavering support during both good and bad times, instilling in…
The Rise of Ethereum Investments: Justin Sun’s $5 Million Purchase
In a surprising turn of events, Justin Sun, the founder of Tron, has decided to jump on the Ethereum bandwagon with a new $5 million investment in the world’s second-largest cryptocurrency. This move comes as a shock to many, considering Sun’s background in Tron and his previous investments in the crypto market. Spot On Chain,…
The Impact of SEC’s Exceptions on Crypto Accounting Compliance
Recently, the US Securities and Exchange Commission (SEC) made a significant move by accepting a proposal with exceptions for certain institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121). This news has caused quite a stir in the financial industry, especially in the realm of crypto accounting compliance. The SEC’s decision allows…
The Future of Football Management Games: Soccerverse Secures Major Funding
Soccerverse, the blockchain-based football management game, has recently made waves in the gaming industry with a significant funding boost of £2.5 million ($3.1 million) from renowned game publisher Square Enix. This latest investment, led by Square Enix and supported by existing investor Hiro Capital, brings Soccerverse’s total funding to $4 million. The game aims to…
Bitcoin’s Price Volatility and Market Analysis
Bitcoin’s price experienced significant fluctuations recently, hitting close to $60,000 but then retracing by over $2,000. This rollercoaster ride in price movement has left traders and investors on edge, unsure of what direction the market will take next. While Bitcoin’s price has been erratic, most altcoins have remained relatively sluggish on a daily scale. However,…
Ethereum Analyst Predicts $8,000 Price Target: A Critical Analysis
The crypto market is always full of optimism and speculation, with various analysts making bold predictions about the future price movements of cryptocurrencies. One such analyst, known as ‘Bluntz’, has forecasted a significant surge for Ethereum (ETH) to reach an all-time high of $8,000. This prediction is based on the current market conditions and certain…
Privacy Protocol Railgun Thwarts Inferno Drainer’s Money Laundering Attempt
Recently, the popular crypto privacy protocol Railgun successfully thwarted Inferno Drainer’s latest effort to launder stolen funds. SlowMist’s anti-money laundering tracking system, MistTrack on X, reported that an attempt to launder over 174 ETH, valued at approximately $533,000, was intercepted by Railgun. As a result, the perpetrators were forced to return the stolen ETH to…
Anomaly Games Joins Google for Startups Cloud Program: A Game-Changer in the Gaming Sector
Anomaly Games, a pioneering Web3 startup, has recently partnered with Google for Startups Cloud Program, marking a significant milestone in the gaming industry. This strategic collaboration aims to revolutionize the gaming sector by leveraging advanced cloud technology, artificial intelligence, and Web3 innovations. The partnership between Anomaly Games and Google for Startups Cloud Program promises to…
The Impact of Whale Activity on Cardano Price Movement
Recently, the Cardano blockchain has been experiencing a period of relative quietness, accompanied by ADA price consolidation. However, amidst this lull, there has been a notable observation regarding the behavior of Cardano whales and their impact on the overall market sentiment and price movement. Despite the overall quietness in the market, on-chain transaction data has…
The Judge’s Criticism of Coinbase’s Attempt to Subpoena SEC Chair Gensler
In a recent court hearing, Judge Katherine Polk Failla expressed strong criticism regarding Coinbase’s attempts to subpoena SEC chair Gary Gensler in the ongoing case against the firm. Failla specifically pointed out that Coinbase’s request included Gensler’s statements from before he assumed the role of SEC chair in 2021. The judge found this aspect of…
The Battle Over SAB 121: A Closer Look at the Recent House Vote
The recent vote in the US House of Representatives regarding SEC Staff Accounting Bulletin (SAB) 121 has sparked controversy and debate among lawmakers. With 228 House members voting to end SAB 121, 184 voting against the resolution, and 21 abstaining, the outcome fell short of the two-thirds majority needed to override President Joe Biden’s previous…
Bitcoin Detaches from US Stocks Amidst Growing Selling Pressure
The latest data reveals a significant change in Bitcoin’s relationship with US stocks. Previously, Bitcoin had a positive correlation with major US stock indices such as the Nasdaq 100 and S&P 500, leading to a positive impact on the overall crypto market. However, recent findings from the market intelligence platform IntoTheBlock indicate that Bitcoin’s correlation…
The SEC’s Investigation into Paxos and Stablecoins
The US Securities and Exchange Commission (SEC) has concluded its investigation into stablecoin issuer Paxos. Paxos announced on July 11 that the SEC had issued an investigations termination notice on July 9, confirming that no enforcement action would be taken against Paxos Trust Company regarding the Binance USD (BUSD) stablecoin. This decision comes more than…
