In a shocking turn of events, ex-convict Martin Shkreli, infamous for his involvement in financial-related frauds, recently made headlines by claiming to be one of the creators of the new Donald Trump-themed token DJT. This revelation came amidst mounting questions regarding the legitimacy of the token and allegations of insider trading within the crypto community.
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Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, has recently provided insights on the current state of Bitcoin, highlighting its performance in relation to macroeconomic factors. Despite the NASDAQ experiencing a significant surge, Bitcoin has shown relatively flat performance. This disparity raises questions about Bitcoin’s ability to keep up with traditional market
In the midst of the ongoing turbulence in the cryptocurrency market, investors are shifting their focus towards Bitcoin, which has long been considered the safest asset in the digital currency ecosystem. This shift has led to Bitcoin’s dominance reaching a nine-week high of 57%. While other cryptocurrencies are facing significant sell-offs, Bitcoin is standing out
The Bitcoin network has proven its worth in the NFT industry by securing the third spot in all-time NFT sales. According to data from NFT tracker CryptoSlam, Bitcoin-based NFTs have reached an impressive total sales volume of $4.29 billion as of June 18. This milestone has overtaken the previous record held by the Ronin blockchain,
The SEC recently announced the closure of its investigation into Ethereum 2.0, determining that sales of ETH are not securities transactions. This decision comes after Consensys sought clarity following the May approvals of ETH ETFs, which classified ETH as a commodity. Consensys expressed their satisfaction with the outcome, stating that the SEC has notified them
Growing up in Edo State, Nigeria, with my three siblings has been a defining experience for me. My parents have always been my pillars of support, guiding me through the highs and lows of life. Their unwavering love and encouragement have been a source of strength for me, shaping my values and beliefs. Three years
Circle, a fintech company that issues the stablecoin USDC, is facing regulatory hurdles from the US Securities and Exchange Commission (SEC) as it seeks to go public in a multi-billion dollar initial public offering (IPO). The SEC has expressed concerns about the classification of USDC and other stablecoins as securities under US law, which could
Recently, Brazil’s Special Department of Federal Revenue announced that they will be intensifying their efforts to monitor foreign cryptocurrency exchanges. The goal is to ensure that these exchanges are adhering to local regulations and not engaging in any illegal activities. This move comes as a response to the growing popularity of cryptocurrencies in the country
Recently, South Korea’s Financial Supervisory Service (FSS) has come under scrutiny for its alleged involvement in the removal of digital assets from local cryptocurrency exchanges. Reports emerged claiming that the FSS had instructed exchanges like Upbit, Bithumb, and Gopax to evaluate various tokens on their platforms. This move was said to be in line with
David Hirsh, Chief of the Crypto Asset and Cyber Unit at the SEC, recently announced his resignation from the agency after spending nine years in the Division of Enforcement. In a post on LinkedIn, he expressed his gratitude towards his colleagues, mentors, and friends for their support throughout his tenure. Hirsh emphasized the collaborative nature
Recent data from CoinShares revealed that crypto funds experienced outflows totaling $600 million in the week ending June 14. This came after five consecutive weeks of inflows, signaling a shift in investor sentiment towards digital assets. The outflows were primarily seen in Bitcoin and Solana funds, with the former witnessing $621 million exits and the
The Vatican Library recently announced a groundbreaking project to increase Web3 usage by granting non-transferable NFTs to supporters of its manuscript collections. This initiative, currently in an experimental phase, is exclusively available to Italian backers of the Vatican Apostolic Library. Italian supporters have the opportunity to share the NFT project on their social media accounts
Aavegotchi has recently announced the upcoming Rarity Farming Season 8, which promises a substantial 150,000 GHST prize pool and a range of new features to enhance the competitive experience for players. This unique Web3 game combines NFT collectibles, decentralized finance (DeFi), and gaming into a captivating and engaging experience. The tournament schedule for Season 8
Ripple’s XRP has shown resilience in the face of negative market conditions, with its price recently increasing by 1% in the past 24 hours and by 3% over the course of the week. This growth surpasses Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) which all experienced a decrease of around 3% during the same