Over the past 30 days, Bitcoin has faced a significant price dip of around 15%. This decrease was particularly noticeable at the end of last week when the price dropped below $54,000 for the first time since February. However, in the following days, the cryptocurrency managed to recover some of its losses and is currently
Ethereum (ETH) has recently emerged as the top trending token in the cryptocurrency sector. This surge in popularity is largely attributed to the updated S-1 forms filed for spot ETH ETFs by major financial firms like BlackRock, Fidelity, VanEck, and others. The market intelligence platform Santiment has highlighted ETH as a standout performer, suggesting that
The recent drop in Bitcoin price below $60,000 has caused major holders such as the German and US governments to rapidly sell their holdings, resulting in one of the largest drops seen for the pioneer cryptocurrency in the last two years. This market movement has cost the industry billions of dollars. Despite this, the majority
The recent news surrounding Artur Schaback, the co-founder and former CTO of Paxful, is alarming. Schaback pleaded guilty to conspiracy to deliberately fail in establishing, developing, implementing, and maintaining a compliant AML program as required by the Bank Secrecy Act. This failure is not only a breach of trust but also a violation of regulations
Shatterline, a dynamic arena shooter game available on PC, has been making strides in the gaming industry since its early access release on Steam in 2022. The game offers players both player-versus-player (PvP) and player-versus-environment (PvE) modes, providing a competitive and engaging experience. However, with the early access servers shutting down on August 1st, the
The Chief Compliance Officer of Bitwise, Katherine Dowling, recently made a statement regarding the progress of spot Ethereum ETFs. According to Dowling, these ETFs are nearing approval, with the SEC showing a positive attitude towards discussing new products within the crypto sector. Dowling mentioned in an interview with Bloomberg that both the SEC and ETF
The MiCA regulation has sparked a surge in the demand for compliant stablecoins, with Circle’s USDC emerging as a front runner in this trend. According to a recent report by French blockchain analytics firm Kaiko, non-compliant stablecoins currently make up a whopping 88% of the total stablecoin volume. However, the implementation of Europe’s Markets in
The recent plea deal involving Paxful Inc. co-founder and former CTO Artur Schaback has shed light on the company’s failure to uphold an effective anti-money laundering (AML) program. According to the Department of Justice, Schaback’s negligence allowed criminal activities such as money laundering, fraud, romance scams, and prostitution to flourish unchecked on the platform. This
MetaMask, the popular Ethereum wallet, has introduced the MetaMask Delegation Toolkit to simplify user onboarding and enhance the Web3 experience. This innovative toolkit aims to eliminate user friction that often comes with navigating browser extension wallets and seed phrases. By providing instant user onboarding, users can now seamlessly join Web3 applications without the usual hurdles
Sovereign Nature Initiative (SNI) recently announced a groundbreaking partnership with Unique Network and WalletConnect on the Polkadot blockchain. The collaboration, known as DOTphin, is set to debut at Polkadot Decoded 2024. The initiative, which garnered enthusiastic support from the Polkadot community through Polkadot OpenGov, seeks to utilize NFTs to promote environmental sustainability. DOTphin introduces dynamic