The recent resignation of David Hirsh, the Chief of the Crypto Asset and Cyber Unit at the SEC, has raised eyebrows in the cryptocurrency and regulatory sectors. Hirsh’s departure comes at a crucial time as the lawsuit between the SEC and Ripple continues to unfold. The news of his resignation was met with speculation, especially
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The cryptocurrency market experienced a significant shift in investor sentiment last week, with digital asset funds witnessing net outflows totaling $600 million. This marked a stark contrast to the previous five weeks, which had seen consecutive inflows amounting to a total of $4.35 billion. The outflows were primarily concentrated in Bitcoin and Solana funds, with
Ripple’s XRP has displayed resilience in the face of negative market conditions, with a 1% increase in the past 24 hours and a 3% rise over the week. This upward trend has surpassed the performance of prominent cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), which have experienced a decline of approximately
The Vatican Library has embarked on a groundbreaking initiative to expand its digital reach through the utilization of Web3 technology. This project involves granting non-transferable NFTs to supporters of its manuscript collections, marking a significant shift towards modernization and accessibility. While currently in an “experimental” phase, the project is exclusive to Italian backers of the
The Aavegotchi Rarity Farming Season 8 has recently been announced, bringing with it a significant 150,000 GHST prize pool and a range of new features aimed at enhancing the competitive experience for players. Aavegotchi is a one-of-a-kind Web3 game that combines NFT collectibles, decentralized finance (DeFi), and gaming to create an immersive and engaging experience.
One prominent crypto analyst, Jelle, has made a bold prediction regarding Ethereum (ETH), projecting that its value will surge to $5,000 by the end of this year. This forecast is not made lightly; it comes with a solid technical basis, indicating a potentially significant bullish trend for Ethereum in the near future. Ethereum has been
Bitcoin experienced a rollercoaster of a day on Monday, with intense volatility shaking up the entire cryptocurrency market. The digital asset plunged to a new monthly low of $64,000, leaving investors and traders in a state of panic. The altcoins followed suit, with massive declines across the board, resulting in approximately 190,000 traders facing significant
Telegram Mini-Apps Tapswap and Yescoin are making waves in the gaming industry by introducing their own tokens on The Open Network (TON). This move underscores the growing integration of blockchain technology in mobile gaming, particularly driven by the surge in popularity of clicker games on Telegram. The appeal of clicker games like Tapswap and Yescoin
Following the collapse of FTX, a new legal battle has emerged over the millions of dollars in assets seized from Sam Bankman-Fried (SBF), the former CEO currently serving a 24-year prison sentence. Multiple parties are now vying for control of these assets, which include airplanes, funds held at various banks, shares of Robinhood stock once
On June 17, David Hirsch, the enforcement chief in charge of crypto assets at the SEC, announced his departure from the agency after almost nine years of service. He expressed pride in the work accomplished by the Crypto Assets and Cyber Unit team under his leadership. Hirsch took on the role of leading the SEC’s