The cryptocurrency market has recently experienced heightened volatility, impacting investor sentiment across the board. Bitcoin, the leading digital currency, surged to nearly $70,000 on July 29 only to witness a sharp decline below $66,000 the following day. Currently, Bitcoin is trading around $66,300 according to CoinGecko’s data. The correction in Bitcoin’s price coincided with the
admin
Jonathan Mann and Brian L. Frye have taken legal action against the US Securities and Exchange Commission (SEC) concerning the classification of NFTs representing digital art as securities under US law. Mann, known for creating a song daily for over sixteen years, expressed his protest by writing the lyrics “This song is a security.” This
Doodles has introduced its Super Pass on DoodlesTV, now available for minting on Coinbase’s Base, an Ethereum layer-2 scaling network. This marks a significant step in the transformation of Doodles from a mere collection of NFTs to a comprehensive Web3 entertainment company. Super Pass holders now have access to exclusive drops, premieres, and limited-edition collectibles
Samuel Edyme, also known as HIM-buktu, is not your average web3 content writer. His journey into the world of cryptocurrency is unlike any other, stemming from a scam rather than a successful investment. Despite this rocky start, Edyme has managed to carve a niche for himself in the industry through his insightful market analyses and
In a recent announcement, 21Shares AG revealed their integration of Chainlink Proof of Reserve on the Ethereum mainnet. This move aims to provide greater transparency regarding the reserves backing their Core Ethereum ETF (CETH). By implementing Chainlink’s technology, 21Shares seeks to bolster investor confidence by offering real-time visibility into the Ether reserves supporting CETH. Eliminating
In recent weeks, Cardano (ADA) has experienced a significant increase in Exchange Traded Product (ETP) inflows, amounting to an impressive 300%. This unexpected surge in capital from institutional investors has sparked speculation about a potential uptrend in the market, particularly in light of the upcoming Chang hard fork. CoinShares, a prominent firm in the crypto
BlackRock’s recent announcement regarding the lack of immediate plans to launch a Solana (SOL) ETF comes as no surprise, considering the company’s focus on Bitcoin and Ethereum spot ETFs. While Bitcoin and Ethereum have seen significant success in the ETF space, smaller altcoins like Solana may not meet BlackRock’s criteria for investability at this time.
Goldman Sachs CEO David Solomon recently expressed his views on Bitcoin, stating that he believes it could “very well” serve as a store of value similar to gold. While Solomon has never been a critic of Bitcoin, he still sees it primarily as a speculative investment without a clear use case. Despite this, he acknowledged
The US Securities and Exchange Commission (SEC) has recently announced its plan to amend its original complaint against Binance, a major player in the cryptocurrency market. This move by the SEC could potentially eliminate the need for a court ruling on tokens previously classified as securities. The joint filing, made on July 30th, signals a
Recently, the cryptocurrency market experienced a significant plunge, with the US government moving $2 billion worth of its bitcoin holdings to another address, possibly in preparation for a sale. This news had a ripple effect on various digital assets, including the popular meme coin Shiba Inu, which saw a 3% decrease in price. Despite the