Category Archive: Cryptocurrency, No picture
Frog meme coins surge 81% amid Bitcoin pullback
Key Takeaways Frog-themed meme coins grew 7.3% on average while Bitcoin fell 4.2%. Pepe (TRUMP) led the surge with an 80.9% daily gain despite weekly losses. Frog-themed meme coins took the lead as the crypto sector with the most significant growth over the last 24 hours, leaping 7.3% on average. As Bitcoin (BTC) tumbles 4.2%, […]
SEC charges BitClout founder Nader ‘Diamondhands’ Al-Naji with wire fraud, civil securities violations
Key Takeaways Nader Al-Naji was arrested for wire fraud and selling unregistered securities. Al-Naji misrepresented BitClout as decentralized to evade federal laws. The SEC has charged Nader Al-Naji, founder of the BitClout blockchain protocol, with perpetrating a fraudulent crypto asset scheme involving over $257 million raised through unregistered offers and sales of the BTCLT token.According […]
Russia moves to regulate crypto as US sanction pressures rise
Key Takeaways Russia’s crypto regulation bill is set for rapid approval, aiming for implementation by September 1. The legislation marks a significant shift from earlier resistance to crypto use in Russia. Russia is moving swiftly to regulate crypto as its companies face growing difficulties with international payments due to US sanctions over the Ukraine conflict. […]
Irys unveils first-of-its-kind Layer 1 datachain for enhanced onchain infrastructure
Key Takeaways Irys’ Layer 1 datachain combines data storage and execution into one blockchain. The platform supports development across multiple blockchains including Ethereum and Solana. Irys, a company focused on scalable on-chain data solutions, is transitioning to a new Layer 1 programmatic datachain, the first of its kind, that combines data storage and execution into […]
Compound settles ‘governance attack’ as COMP surges 7% with new staking plan
Key Takeaways Compound Finance has launched a new staking product allocating 30% of market reserves to COMP holders. The new staking initiative follows a settlement with crypto whale Humpy over a controversial $24M COMP allocation. Compound Finance has reached a settlement with crypto whale Humpy and his Golden Boys group, defusing a contentious “governance attack” […]
Bitcoin held by governments near $33 billion mark
Key Takeaways US government holds the largest Bitcoin reserve at 213,297 BTC, worth $14.82 billion. El Salvador actively purchases 1 Bitcoin daily as part of its national crypto adoption strategy. Governments worldwide hold 2.6% of Bitcoin’s (BTC) circulating supply, totaling 471,380.6 BTC worth $32.7 billion as of July 29, 2024. As reported by CoinGecko, the […]
SEC seeks complaint amendment to redefine crypto asset securities, potentially including SOL
Key Takeaways SEC plans to redefine crypto securities in Binance lawsuit. Due to the impending amendment, the court will postpone its decision on the sufficiency of the original allegations regarding these securities. The US Securities and Exchange Commission (SEC) is seeking to amend its complaint against Binance Holdings, Binance.US, and Binance’s former CEO Changpeng Zhao, […]
BlackRock Bitcoin ETF attracts $205 million inflows amid market stagnation
Key Takeaways BlackRock’s iShares Bitcoin Trust recorded $205 million in net inflows on Monday. BlackRock’s iShares Bitcoin Trust (IBIT) outperformed its ETF peers on Monday, attracting around $205 million in net inflows while the rest of the market reported either losses or zero net flows, data from Farside Investors shows.US spot Bitcoin ETF flows on […]
Compound DAO faces potential whale control after proposal approval
Key Takeaways Compound DAO approved Proposal 289, granting 499,000 COMP tokens to a single user. The proposal raises concerns about potential single-entity control of Compound’s governance. Compound governance approved Proposal 289 on July 28th, which consists of giving 499,000 COMP tokens to a user named Humpy to create a yield vault. The amount was equivalent […]
Solana’s daily volume suddenly outpaces Ethereum, going over $2 billion – here’s why
Key Takeaways Solana’s DEX trading volume surpassed $2 billion due to Neiro memecoin trading. Multiple Neiro variants have emerged, leading to debates over the authentic version. Solana’s decentralized exchanges (DEXs) are stealing the spotlight, with trading volumes that would make even Ethereum blush. What’s behind this sudden surge? It’s all about the dogs – or […]
