Recent discussions within the cryptocurrency market have been stirred by an alleged letter from Senator Elizabeth Warren proposing a 1% wealth tax on crypto holdings and mandatory reporting. Notably, this development has raised concerns among investors and enthusiasts, particularly given Warren’s historical skepticism toward cryptocurrencies. However, doubts have emerged regarding the authenticity of the letter, […]

Ethereum Foundation, an NPO supporting the Ethereum (ETH) ecosystem, has engaged in a major ETH swap. The organization reportedly exchanged over $1.5 million worth of ETH for Dai (DAI) stablecoin. The swap was initiated right before the Ethereum price extended below the $2,400 level today. Ethereum Foundation’s ETH swap & other whale transactions According to […]

The Hong Kong Securities and Futures Professional Association  (HKSFPA) has recommended the creation of an independent self-governing organization for crypto regulation among others. In an April 22 release, the body tipped self-regulation for the securities and futures industry, asset management, and cryptocurrencies. According to the statement, to boost the overall economic capability of the region, […]

In the latest Binance hearing following the previous postponement due to snowstorms, the lawyers representing the cryptocurrency exchange referenced the situation that ensued between American digital asset service provider Coinbase and the United States securities watchdog SEC to make their argument. SEC Non-Compliance Tabled Coinbase had approached the SEC, requesting clarity on crypto regulation.  As […]

Crypto markets and investments are becoming more and more popular in the Middle East. According to research by Bitget, currently, there are about 500,000 daily cryptocurrency traders in the Middle East, making it a growing business. UAE Adopts Crypto-Friendly Rules According to the research, the United Arab Emirates boasts the most crypto-friendly regulatory framework, while […]

Shiba Inu, one of the most prominent meme coins functioning atop the Ethereum blockchain, echoed a sense of frenzy across the broader crypto market on Tuesday, following a significant surge in burn activity recorded. On-chain data spotlighted by Shibburn showcased a whopping 459% surge in the SHIB burn rate, nabbing substantial attention globally. Moreover, this […]

In a notable statement, Charles Hoskinson, the founder of Cardano, recently drew attention to USD Coin (USDC) by labeling it as an early Central Bank Digital Currency (CBDC). This characterization sheds light on the growing significance of stablecoins like USDC within the broader cryptocurrency landscape. USDC operates as a stablecoin, maintaining a 1-to-1 peg with […]

XRP, an eminent cryptocurrency backed by Ripple Labs, birthed a cyclone of inferences among crypto market enthusiasts globally, following another significant whale offloading chronicle. As per on-chain data hovering over the crypto realm, a whale address transferred over 29 million XRP to Luxembourg City-based CEX. Intriguingly, the transfer appeared to coincide with the token’s recent […]

The Ethereum market experiences a seismic shift as a popular figure in the digital asset space, Tron founder Justin Sun makes headlines with his staggering $1 billion ETH purchase. Meanwhile, this move comes amid the recent flux in Ethereum price following the SEC’s investigation of ETH over its security status. However, the recent approval of the […]

Blockchain oracle UMA has launched Oval, a solution that lets Decentralized Finance (DeFi) lending protocols capture Oracle Extractable Value (OEV) by auctioning the right to liquidate positions.  Uma Oval to Serve DeFi Protocols Precisely, with Uma Oval, these DeFi protocols will be allowed to tap the value that emerges during Oracle updates via the OEV.  […]