Category Archive: Cryptocurrency, No picture
Possible Ripple Effect? Crypto as Securities in LBRY Case Still Undecided
U.S. District Court Judge, Paul Barbadoro, who declined to establish a precedent on the nature of secondary market sales of cryptocurrencies in regard to the decentralized content platform LBRY. The case in question, brought forward by the United States Securities and Exchange Commission (SEC), centered on LBRY’s offering of its own cryptocurrency, LBRY Credits (LBC): I […]
FTX Former Executive Salame Caught in Federal Campaign Finance Probe: WSJ
Federal prosecutors are delving into the financials of Ryan Salame, a former executive of FTX, and Michelle Bond, a previous congressional candidate. Their inquiry focuses on a potential infringement of federal campaign-finance laws during Bond’s 2022 campaign for the GOP primary in New York’s 1st congressional district, The Wall Street Journal reported on July 11. […]
How to Stitch Together +300k Followers on Threads: Have Binance-Level Marketing
Threads, the newly minted social media app integrated with Instagram, has caught the attention of numerous brands competing for a fast-growing user base. Among these brands, Binance, the industry’s top cryptocurrency exchange, has quickly risen to popularity, marking a milestone of rapid follower growth of 327,000, at the time of writing, and high engagement within […]
DeFi Protocol Rodeo Finance Hacked; $1.53M of ETH Stolen
Rodeo Finance, a DeFi protocol residing on the Arbitrum blockchain, suffered its second significant exploit on July 11, resulting in a loss of 472 ETH, equating to approximately $888,000 million. The exploit was orchestrated through a code vulnerability within Rodeo’s Oracle. The exploiter transferred the stolen funds from Arbitrum to Ethereum and then swapped 285 […]
Bitcoin ATMs are Numbered As UK Financial Watchdog Cracks Down
The Financial Conduct Authority (FCA) of the United Kingdom continues its crackdown on unlicensed crypto ATMs. Conducting a series of inspections in May and June, the FCA got rid of 26 machines operating unlawfully across the UK in a collaborative operation with several law enforcement agencies. Steve Smart, joint executive director of Enforcement and Market […]
Dubai Crypto Exchange BitOasis Loses License Over Unmet VARA Conditions
Dubai’s Virtual Assets Regulatory Authority (VARA), the city’s digital asset regulator, has suspended the operational license of BitOasis, a local cryptocurrency exchange. The move comes after the regulator said BitOasis failed to meet certain stipulated conditions within a specified timeframe. BitOasis received the Operational Minimum Viable Product (MVP) License from VARA only three months ago. […]
Crypto.com Turns Up the Heat With No Lock-Up Proof-of-Stake on App
Crypto.com, a crypto exchange with over 80 million global users, is now offering on-chain staking on its app, according to a recent press release. This feature enables users to take an active role in securing the networks of their chosen cryptocurrencies while potentially earning rewards: 🆕 On-chain Staking has just been launched in the https://t.co/vCNztATkNg […]
SEC’s Approval of Riskier Bitcoin ETF Draws Criticism from Grayscale
Digital asset manager Grayscale’s lawyers have criticized the U.S. Securities and Exchange Commission (SEC) for approving a leveraged Bitcoin-based exchange-traded fund (ETF) at a time when the company is embroiled in a lawsuit against the regulator over the rejection of its spot Bitcoin ETF application. The legal counsel lodged their disapproval through a letter addressed […]
BTC to $120,000? Standard Chartered Thinks 2024 is Bitcoin’s Year
Standard Chartered has raised its 2024 Bitcoin forecast to $120,000, a notable increase from the $100,000 prediction made in April, according to a Reuters report. The United Kingdom-based financial institution suggested that an anticipated surge in Bitcoin’s price that could inspire miners to retain a larger portion of the digital asset. Geoff Kendrick, a top […]
CBDCs Could be Used by 24 Countries Within 10 Years: BIS Report
As the cryptocurrency market continues to stay volatile, central banks globally appear undeterred, doubling their efforts to develop their digital currencies or CBDCs. An estimated 24 of these CBDCs are likely to be up and running by the decade’s end, according to a Bank for International Settlements (BIS) report. These projections mark a significant increase […]
