The DOJ has filed an appeal against the approval of Voyager Digital’s Chapter 11 bankruptcy plan, which would have allowed the company to sell assets to Binance.US. While U.S. bankruptcy judge Michael Wiles approved the plan, the SEC and other regulators have been critical, citing concerns over securities law. If regulators block the deal, Voyager […]
SEC Revokes License of ParagonCoin Crypto Startup
ParagonCoin, a crypto startup backed by rapper The Game, had its license revoked by the SEC for violating securities laws by failing to file periodic reports. The startup had held a $70 million initial coin offering in 2017, and in 2021, was found liable for more than $12 million in a class-action lawsuit. Meanwhile, other […]
Thailand SEC Considers Ban on Crypto Staking and Lending
Thailand’s SEC is seeking public comments on a draft regulation that would ban virtual asset service providers from offering or engaging in any crypto staking or lending activities. (Read More)
Meta to Launch Text-Based Content App Supporting Decentralized Social Networking
Meta, the parent company of Facebook and Instagram, is reportedly creating a new text-based content app called P92 that will support ActivityPub, the decentralized social networking protocol used by Mastodon and other decentralized apps. The app will enable users to log in with their existing Instagram credentials, and it will populate users’ profiles with their […]
Judge Considers Dismissing Shaquille ONeal and Naomi Osaka from FTX Lawsuit
A federal judge in Florida is considering dismissing Shaquille O’Neal and Naomi Osaka from the FTX lawsuit due to uncertainty about whether they were served. The judge reprimanded other celebrity defendants for not following proper procedure in requesting a conference extension. A consolidation request by some plaintiffs against FTX was denied, and lawyers for former […]
ARK Invest Buys Record Amount of Coinbase Stock, Despite Market Volatility
Despite recent market volatility, Cathie Wood’s investment manager ARK Invest has made a record purchase of Coinbase stock, along with significant investments in Robinhood. The move confirms ARK’s bullish sentiment towards the cryptocurrency industry and Bitcoin. (Read More)
Nigerian President-elect’s Manifesto Includes Blockchain and Crypto Regulations
Nigerian President-elect Bola Tinubu has released a manifesto proposing the implementation of blockchain technology and cryptocurrencies in Nigeria’s banking and finance sector. The manifesto suggests reforming existing Nigerian Security Exchange Commission regulations to create a more business-friendly framework for regulating digital assets. The proposed regulations would require digital asset companies to register with the SEC […]
Degen Zoo NFT Game Draws Huge Interest After Logan Paul’s Crypto Zoo Scandal
Degen Zoo, an NFT game inspired by Logan Paul’s controversial Crypto Zoo concept, has attracted massive interest, with over 115,000 wallets registering to join the game, pledging over $700 million. The game aims to raise awareness of the impact of capitalism on animal extinction and features a deflationary token and an NFT collection of 120 […]
Bitcoin Price Likely to See Low-End Target Of $9,000 — Chief Market Strategist Warns
Bitcoin plunged to a three-week low Friday, freeing itself from a tight price squeeze that had seen it fluctuate between $22,500 and $22,200 since March 3. BTCUSD Chart by TradingView The drop came after the U.S. Federal Reserve Chairman Jerome Powell stated on Tuesday that while inflation has been coming down, it’s still nowhere near […]
Bitcoin long-term holders capitulate at levels seen during FTX collapse
Quick Take Bitcoin long-term holders (LTHs) are defined as investors who have held Bitcoin for longer than six months and are considered the smart money of the ecosystem. Typically they will buy Bitcoin when the price is suppressed and distribute in bull markets. However, LTHs do capitulate and sell Bitcoin when panic and fear occur […]