Amidst all the twists and turns in Ripple’s legal battle with the U.S. Securities and Exchange (SEC), the XRP price recently plunged to where it was before the landmark ruling by Analisa Torres in July 2023. CryptoLaw founder John Deaton, who is an XRP holders’ attorney, wondered whether XRP would have been in a much […]
99.5% Of AVAX Holders In Loss, As Avalanche Bears Thirst For More Blood
The Avalanche token (AVAX), like most other altcoins, felt the bearish impact of the general market downturn, which resulted in a billion-dollar liquidation in the crypto market. Historical price data, however, shows that AVAX has been experiencing selling pressure long before this recent market crash. As expected, the struggling price of the Avalanche token has […]
Bitcoin’s long-term holder supply hits record high as short-term interest dips
Quick Take Recent data analysis reveals an all-time high in Bitcoin’s long-term holder supply, defined as Bitcoin held for more than 155 days, reaching 14.654 million. Conversely, the short-term holder supply, considering Bitcoin holdings of less than 155 days, has plummeted to an all-time low of 2.561 million if we exclude the year 2011. This […]
Crypto-Linked Corruption Leads to Life Imprisonment of Former Official in China
Involvement in facilitating cryptocurrency mining operations has led to a life imprisonment sentence for Yi Xiao, a former member of the Chinese Communist Party (CCP), as decreed by a Chinese court in response to corruption charges. Yi Xiao, who previously held the position of vice chairman within the Jiangxi provincial committee of the People’s Political […]
OpenSea manager accused of insider trading sentenced to 3 months in prison, $50K fine
A federal judge has sentenced former nonfungible token (NFT) marketplace OpenSea product manager Nathaniel Chastain to 3 months in prison for wire fraud and money laundering related to insider trading on the platform. In an Aug. 22 announcement from the United States Department of Justice, U.S. Attorney Damian Williams said Chastain had been sentenced to […]
Solana: Is a recovery likely for SOL?
If SOL was able to climb back above $22.5 and retest it as support, a recovery would become possible.
Bitcoin Long-Term Holders Stay Strong, Show Little Reaction To Crash
On-chain data shows that Bitcoin long-term holders have continued to hold strong recently as their exchange inflows have remained low. Bitcoin Long-Term Holder Supply Has Set A New All-Time High The “long-term holders” (LTHs) refer to all those investors who have been holding onto their coins since more than 155 days ago. Generally, the longer […]
News Explorer — Ex-OpenSea Exec Receives 3-Month Sentence in NFT Insider Trading Case
Ex-OpenSea Exec Receives 3-Month Sentence in NFT Insider Trading Case Nathaniel Chastain, the former head of product at OpenSea, has been sentenced to three months in prison for using inside knowledge to profit from flipping assets on the NFT marketplace. Chastain was convicted of fraud and money laundering and had potentially faced up to 20 […]
Balancer announces $27M may be at risk due to vulnerability in DeFi pools
The DeFi platform Balancer (BAL) disclosed a vulnerability affecting several of its pools in a statement published on Aug. 22. In that post, Balancer Labs said that the vulnerability in question had not been exploited and said that 80% of the issue had been mitigated. However, the project acknowledged that a small amount of funds […]
Generative AI Faces Uphill Battle in Earning Copyright Protection
As creators call AI-generated art plagiarism and infringement, the technology was not allowed to stand alone in a landmark case.