The blockchain analytics platform Bubblemaps has raised concerns about possible insider trading in meme coin projects endorsed by influencers such as Andrew Tate and Iggy Azalea. The accusations, outlined in a detailed report on June 12, suggest that insiders may have obtained a significant portion of the token supply at the inception of the DADDY
In a recent episode of the Thinking Crypto podcast, Charles Hoskinson, the founder of Cardano, addressed the swirling rumors regarding a potential partnership with Elon Musk. Hoskinson recounted various attempts made by his team to reach out to Musk’s companies, including offers of free work to address bot-related issues on the platform formerly known as
The IOTA Foundation’s Web3 Identification Solution has been selected to participate in the European Blockchain Sandbox program, marking a significant milestone in the advancement of Know-Your-Customer (KYC) procedures and privacy within the Web3 space. This decision is a crucial step in driving conversations around regulatory considerations regarding KYC and privacy, especially as decentralized finance (DeFi)
Coinbase recently expressed its objection to the Securities and Exchange Commission’s (SEC) $2.6 billion budget request for the 2025 fiscal year. In a statement to CryptoSlate, a representative from Coinbase criticized the SEC’s focus on enforcement rather than creating meaningful regulations for the crypto industry. The exchange highlighted the lack of clarity in regulatory guidelines
The European Banking Authority (EBA) recently released detailed guidelines pertaining to recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) as part of the broader Markets in Crypto-Assets (MiCA) regulation. ARTs are digital tokens that are backed by assets such as commodities, real estate, or a diversified basket of assets. On the
Recently, major retail companies in South Korea, including Lotte and Hyundai, have made the decision to withdraw from the non-fungible token (NFT) market. This move signifies a significant shift in their digital strategies as they navigate a slowdown in the NFT industry and refocus their resources on their core business operations. Lotte Home Shopping, the
In a hearing before the Senate Committee on Appropriations, CFTC chair Rostin Behnam addressed the agency’s readiness to take on additional responsibilities in the crypto market. Despite concerns that the agency would be overwhelmed, Behnam firmly stated that the CFTC is equipped to handle the regulation of crypto commodities. He emphasized the existing gap in
The Bitcoin market is currently experiencing a shift in dynamics, with a new wave of short-term traders entering the scene alongside veteran holders who remain steadfast in their beliefs. The influx of short-term investors is driven by the emergence of Spot Bitcoin ETFs, allowing easy access to Bitcoin as a financial instrument. These new investors
Recently, Ethereum (ETH) has experienced a significant drop in price, falling to around $3,500 as reported by CoinGecko. This decline of 9% on a weekly basis has caused concern among investors. However, despite the current downward trend, many analysts remain optimistic about the future of ETH. Some even predict the possibility of new all-time highs
Cardano, a popular cryptocurrency, has been a topic of interest for many crypto analysts. One particular analyst, known as @Av_Sebastian on X (formerly Twitter), has made a bold prediction regarding the future price of Cardano. According to Sebastian, the upcoming Chang upgrade could potentially push the ADA price to as high as $2. This ambitious
Recently, Terraform Labs reached a settlement with the Securities and Exchange Commission (SEC) regarding fraudulent activities related to the defunct Terra blockchain. The crypto firm has agreed to pay a staggering $4.47 billion fine as part of the settlement. This fine encompasses various components, such as disgorgement, prejudgment interest, and a civil penalty, all of
Despite a recent setback, prominent crypto analyst Dave the Wave has provided a bullish narrative for Bitcoin. He suggested in a post on X (formerly Twitter) that Bitcoin could rise to as high as $300,000 based on his logarithmic growth channel (LGC) indicator. According to the chart he shared, BTC’s rally to this unprecedented price
ENA, the native token of Ethena, has been experiencing intense pressure from sellers in recent weeks. This has led to a significant drop in its price, with ENA plummeting to $0.73, marking its lowest level since May 20th. The consequences of this price decrease have been particularly harsh for ENA stakers, as evidenced by the
Gamee, a hypercasual gaming ecosystem developed by Animoca Brands, originally started its operations on the social platform Telegram. However, recent surges in activity within the network can be attributed to various factors that have propelled Gamee to new heights. One pivotal moment was the $15 million hack of Polygon in early 2024, which prompted the