Vaibhavv Ali
According to well-known Bitcoin advocate Michael Saylor, Ethereum is a security. Recently, the long-running argument over whether Ethereum is a security or a commodity was taken to court. Ethereum development company Consensys recently declared in the case it filed against the SEC that ETH is not a security, despite the SEC’s statements to the contrary. … Read more
Shiba Inu [SHIB] and Dogecoin [DOGE] saw weekly losses of 8.5% and 11.4%, respectively. At the lowest point over the last week, both memecoins had substantially larger losses; however, in the last 36 hours, they have gained just over 10%. As of the publication of this article, the price of Bitcoin [BTC] was also below … Read more
Leading international cryptocurrency exchange KuCoin is launching its 27th Spotlight Token Sale, an initial exchange offering (IEO) showcasing pioneering decentralized digital identification (DID) solutions provider Lifeform (LFT). The exchange announced this development on Thursday via a statement posted on their official website. Lifeform will be holding a token sale during the next Spotlight event. The … Read more
According to Hayes, the US Treasury’s debt issuance plans and the Federal Reserve’s quantitative tightening taper will result in more dollar liquidity, which will drive up the price of Bitcoin. Arthur Hayes, the co-founder and former CEO of the cryptocurrency exchange BitMEX, has offered his opinions on the movement of the price of Bitcoin (BTC). … Read more
The national security risks posed by bitcoin mining in Iran have drawn the attention of US Senators Angus King and Elizabeth Warren. U.S. lawmakers express concern over Iran’s use of digital assets The lawmakers expressed their concerns about Iran’s potential use of digital assets to evade US sanctions and finance groups that pose a threat … Read more
Coinbase Global Inc. (NASDAQ: COIN) announced its Q1 2024 financial results on May 2. It stated the following in its Shareholder Letter: “Strong conditions in the cryptocurrency market, continued operational discipline, and our targeted execution of product expansion are the reasons behind our Q1 financial performance. Our entire revenue was $1.6 billion, and our net … Read more
Ryan Salame, the former co-chief executive of FTX Digital Markets, has consented to give up his multimillion-dollar Bahamas property as part of a plea deal in a criminal prosecution. Ryan Salame has consented to surrender his $5.9 million Bahamas home, per a request filed on May 1 with the United States Bankruptcy Court for the … Read more
Just days after announcing its initial airdrop, Ethereum restaking protocol EigenLayer is now airdropping an additional 28 million of its native EIGEN coins to over 280,000 wallets. EigenLayer declared on Monday that it will give away 15% of its whole supply to the community; nevertheless, a number of users felt that the company’s airdrop program … Read more
According to Synthetix founder Kain Warwick, trading memecoin can be extremely beneficial for decentralized exchanges (DEXs) because it can draw flows from a large number of non-traditional DeFi traders. “He went on to say that he wasn’t quite convinced by memecoin detractors’ claims that the assets weren’t producing any value,” says Warwick. Infinex, Warwick’s “on-chain … Read more
With the emergence of SocialFi, social media—once a place for funny cat videos and trip pictures—may be about to undergo a major transformation. This emerging movement aims to combine the decentralized strength of cryptocurrencies with the well-known realm of social networking. However, will SocialFi turn out to be a passing fad or the next great … Read more