Republican Senator Colleen Burton has introduced Senate Bill 662, targeting Bitcoin and other virtual currency kiosks. This bill mandates state registration and supervision of virtual currency kiosk businesses to formalize the sector’s regulatory framework in Florida. The bill, officially titled “Virtual Currency Kiosk Businesses,” demands that these businesses register with the state to operate legally. […]

For Ethereum ETFs, SEC commissioner Hester Peirce strongly believes that the securities regulator would not repeat the same mistakes it made in the run-up to spot Bitcoin ETF approval.  Ethereum ETF Approval Might Come Without Hassle Award-winning Web3.0 host Zac Guzmán interviewed Peirce to discuss the regulation of cryptocurrency. During their discussion, he asked the […]

Amid the prevailing market downturn, BNB, the native token of leading cryptocurrency exchange Binance, has demonstrated remarkable resilience, consistently holding strong above the crucial $285 support level. As previously highlighted by Coingape, the Binance price is currently exhibiting a bullish flag formation on its daily chart, a development that suggests a potential for buyers to […]

Radiant Capital has initiated its debt repayment process following a financial setback due to a flash loan exploit. The cross-chain lending protocol, caught in a turbulent cyberattack earlier this month, witnessed a loss of $4.5 million. Nevertheless, in a recent announcement dated January 23, the protocol has reported a substantial initial repayment of 1,190 Ether […]

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.  […]

Sui price prediction: Sui, the Layer 1 blockchain, has recently emerged as a standout performer in the volatile cryptocurrency market. Despite facing some market fluctuations, SUI has demonstrated remarkable resilience, showing promise for its trajectory in 2024. In the last 24 hours alone, Sui has experienced a notable 9% surge, with its trading price hitting […]

MicroStrategy’s former CEO Michael Saylor recently posted a cryptic statement on X that has sparked speculations amongst crypto X community members.  The MicroStrategy Bitcoin Strategy The post, which had a picture of an apple and BTC logo on it, suggests that Saylor’s firm may be looking at acquiring more Bitcoin. MicroStrategy has a Bitcoin strategy […]

Ethereum price faces immense bottlenecks amid a sustained drop from its 2024 peak at $2,715 to slightly above $2,200. The sell-off impacting the performance of ETH over the last couple of weeks stems from the downturn that swiftly followed the approval of spot Bitcoin ETFs in the US. While many altcoins and even Bitcoin crumbled under the […]

In a surprising turn of events, Coinbase’s rating was downgraded by JP Morgan on Tuesday. Concerns over the fading hype of Bitcoin ETFs have made analyst sentiment bleak, making them warn about Coinbase’s outlook. The rating downgrade also comes at a time when crypto markets have been rangebound JP Morgan downgrades Coinbase’s rating American multinational […]

Mt. Gox has initiated its long-awaited repayment process to creditors. The defunct cryptocurrency exchange, which suffered a massive security breach in 2014, is now confirming Bitcoin and Bitcoin Cash addresses with its creditors. This move is a key part of the plan to repay a substantial portion of the lost funds. Mt. Gox’s Progress in […]