Vaibhavv Ali
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues, with Ripple filing additional support for its motion to strike new expert materials and responding to the SEC’s opposition to this motion. After the SEC opposed Ripple’s request to strike the declaration by its witness, Andrea Fox, Ripple’s legal team filed … Read more
Recently, a dormant Bitcoin address, inactive for a decade and dating back to the time when Satoshi Nakamoto was actively involved, has become active again. This Bitcoin wallet, containing 687 BTC valued at $43.9 million, transferred its holdings to two different wallets on May 6. The wallet initially transferred 625.43 Bitcoin to an address starting … Read more
Recent data from on-chain transactions and trading activity indicate that Ethereum whales are undertaking significant sell-offs, sparking worries about their confidence in the asset’s long-term prospects. One notable instance involved a whale who, having purchased ETH at $1,890 last year, transferred 12,906 ETH ($24.39 million) from Binance to Lido. More recently, the same investor withdrew … Read more
According to recent findings by Visa and data platform Allium Labs, less than 10% of stablecoin transaction volumes are deemed organic or originating from genuine individuals. Out of approximately $2.2 trillion in total transactions recorded in April, only around $149 billion were attributed to “organic payments activity” after filtering out transactions conducted by bots and … Read more
Pepe’s [PEPE] forked token, PepeFork [PORK], garnered significant attention within the crypto community as its social metrics surged. Despite the heightened social activity surrounding PORK, its price movement took a divergent path. A recent tweet from LunarCrush highlighted a noteworthy development regarding PORK, showcasing a surge in its social metrics. This spike in popularity could … Read more
The securities regulator of the Philippines is poised to introduce a regulatory framework for cryptocurrency assets and trading by the latter part of 2024. According to SEC Chair Emilio Aquino, the plans to release this framework were disclosed last week, with the aim of implementing it by the second half of the year, as reported … Read more
According to a report by local media outlet Kyunghyang Shinmun on May 5, newly amended donation legislation in South Korea excludes digital currencies from accepted forms of donation. The Ministry of Public Administration announced that amendments to the “Donations Act” will permit various new donation methods, such as department store gift vouchers, stocks, and loyalty … Read more
Antonio Villaraigosa, the former Mayor of Los Angeles, has joined Coinbase as a policy advisor, focusing on promoting global economic freedom, particularly within underbanked communities. Faryar Shirzad, Coinbase’s Chief Policy Officer, emphasized the need for banking system reform to better serve Black and Hispanic populations. While Villaraigosa will advise on regulatory frameworks for U.S. customers, … Read more
Reports suggest that Nigeria, an economically significant country in West Africa, is poised to introduce a new prohibition concerning cryptocurrency. The proposed ban aims to prevent financial institutions from facilitating peer-to-peer (P2P) cryptocurrency transactions, following the classification of cryptocurrency trading as a national security concern by the Office of the National Security Adviser (NSA). Anonymous … Read more
Richard Byworth, Managing Partner at SyzCapital, has sparked speculation regarding the accessibility of Bitcoin ETFs listed in Hong Kong to investors from mainland China. Byworth’s comments on X, formerly known as Twitter, shed light on ongoing discussions about integrating these ETFs into the Stock Connect system, potentially enabling significant capital inflow from mainland China into … Read more