The recent recovery in the cryptocurrency market has been nothing short of impressive, with Bitcoin leading the way. After experiencing a market-wide crash that saw its price tumble to a 6-month low of $49,500, Bitcoin wasted no time in bouncing back. Within a matter of days, the leading cryptocurrency surged to over $60,000 and came
Coinbase’s Chief Legal Officer, Paul Grewal, raised issues with the US Commodities Futures Trading Commission’s (CFTC) proposed regulations on prediction markets. He criticized the broad and vague definition of “gaming” in the proposal and argued that the Commission was overstepping its authority by not evaluating contracts individually. According to Coinbase, the CFTC failed to recognize
Immutable, a prominent player in the NFT and blockchain gaming space, has recently revealed its plans to close down its NFT marketplace. This strategic decision is in line with the company’s focus on supporting other marketplaces within its growing ecosystem. The closure of Immutable Marketplace is scheduled to take place on August 13, 2024, with
Samuel Edyme, aka HIM-buktu, is a unique individual who has traversed through the world of web3 as a content writer, journalist, and aspiring trader. His journey into the realm of cryptocurrencies was not a smooth sailing one, as he was initially lured into a Ponzi scheme that utilized crypto as payment. Instead of being deterred
Metaplanet, a Japanese investment firm, recently made headlines by securing a $6.8 million loan to increase its Bitcoin holdings. This move was part of a larger strategy to allocate a significant portion of its raised funds towards Bitcoin investments. The decision to take out a loan from MMXX Ventures, one of its shareholders, at a
The addition of options features to Bitcoin exchange-traded funds (ETFs) in the US is a hot topic of discussion. Bloomberg ETF analyst James Seyffart predicts that these features could be introduced as early as the third quarter, with a final deadline for a decision from the US Securities and Exchange Commission (SEC) set for September
A new advocacy group called “Crypto for Harris” has recently emerged to challenge the industry appeal of rival Donald Trump. The group is set to host a virtual town hall meeting next week in support of the Harris campaign and to promote fundraising efforts. Key speakers at the event include notable figures such as crypto
Brazil’s Securities and Exchange Commission (CVM) recently made history by approving the country’s first-ever Solana-based exchange-traded fund (ETF). This significant milestone positions Brazil at the forefront of the global market for regulated investments in cryptocurrencies. The approval, which was granted on August 7, marks a pivotal moment for Brazilian investors and showcases the country’s commitment
Bitcoin, the world’s largest cryptocurrency, has been the subject of much speculation and analysis in recent days. According to a prominent crypto analyst known as ‘The Crypto Dog’, Bitcoin could experience massive rallies in the future. The analyst is optimistic about Bitcoin’s potential to quickly recover from recent market declines and regain lost ground at
The cryptocurrency exchange BTSE recently announced the launch of BTSE Dex 2.0, a new decentralized exchange that is set to shake up the crypto market. This upgrade introduces cross-compatibility for Ethereum Virtual Machine-based chains, opening up trading opportunities for over 50 perpetual futures on networks such as Base, Optimism, and Arbitrum. One of the key
XRP has defied the odds by decoupling from the broader crypto market and showcasing impressive gains in the past day. While other cryptocurrencies struggle, XRP surged by nearly 20%, hitting $0.64 before slightly retracing to $0.61. This surge has propelled XRP to a 42% increase in monthly gains, making it one of the top-performing assets
After the recent Bitcoin price crash below $60,000, there have been concerns about the future of the cryptocurrency. While some analysts still expect a rebound in the long term, there are key levels that need to be monitored closely. One of these levels is the $45,000 mark, which is crucial for miners’ profitability. CryptoQuant CEO
After experiencing a $230 million cyberattack that disrupted platform operations on July 18, WazirX has taken the decision to restore user balances and reverse trades conducted between July 18 and July 21. This move comes in response to the need for equitable treatment for all users affected by the incident. The restoration process will take
Judge Peter Castel has officially approved a $12.7 billion settlement between the bankrupt cryptocurrency exchange FTX and its sister company Alameda Research. This settlement comes as a result of a lawsuit filed by the United States Commodity Futures Trading Commission (CFTC) that lasted for 20 months. The ruling requires FTX Trading and Alameda to jointly