Congressman Nickel urged the SEC to withdraw their Staff Accounting Bulletin 121 (SAB121), stating that the law is preventing American banks from providing custodial services for digital assets, which might drive customers towards less regulated offshore options. Today, I sent a letter to @SECGov Chair Gary Gensler calling on the agency to withdraw its Staff […]
Coinbase Global Inc., the leading US cryptocurrency exchange, is making a strategic move to tap into Australia’s self-managed pension fund market. With an estimated $1 billion allocated to crypto equivalent to $664 million in these portfolios, representing a sizable portion of Australia’s $2.5 trillion pension system. John O’Loghlen, Coinbase’s Asia-Pacific Managing Director, revealed plans to […]
Ethereum’s Layer-2 scaling network, Blast, has set June 26 as the expected date for its BLAST token airdrop, a delay from the initial May estimate. The airdrop allocation will be increased to compensate. The network is planning to work with two distributions of Blast Gold points early on before the initial token launch, benefiting dApp […]
One cryptocurrency whale suffered large losses as a result of a distinctive investment strategy. Based on Lookonchain, whale purchased 520 billion tokens on May 15th. The incident caused a dispute among Crypto investors on whether it is appropriate for traders to accumulate memecoin, whose price has surged by more than 100% in less than a […]
Aiden Pleterski, also identified as the ‘Crypto King,’ was taken into custody in Canada and charged with fraud. A 25-year-old who resides in Whitby, Ontario is currently charged with fraud and money laundering of the proceeds from criminal actions. Another person, Colin Murphy of Oshawa, Ontario has also been arrested and charged with defrauding. Pleterski […]
Blockchain data indexing platform Subsquid is going to be rolling out its token which is SQD this coming Friday. This is just the latest move by crypto indexing providers who have seen an influx in demand in the recent past. The SQD token release has been “99% confirmed for Friday,” but Fohrmann indicated that pushback […]
Subsquid, a company that indexes blockchain data, is preparing for the distribution of its Native token, SQD which will be listed in multiple major crypto exchanges this Friday according to Marcel Fohrmann one of the co-founders of Subsquid. The SQD tokens will be used to support Subsquid’s network of independent node operators who contribute their […]
The Bitcoin rise above $69,000 before the fourth halving to reach a new all-time high of $73,000 in 2024 took many by surprise. However, crypto analyst BitQuant was not one of those people. In 2023, the analyst had correctly predicted that the BTC price would reach a new all-time high before the halving was completed. […]
Humanity Protocol, a web3 digital identity firm, has attained $30 million in funding which estimates its valuation at $1 billion. The financing round was led by the venture firm Kingsway Capital with the participation of Animoca Brands, Blockchain.com, and Shima Capital. The startup, which aims to launch its coins after the ICO, also managed to […]
KuCoin has suspended its peer-to-peer (P2P) services as well as the feature of fast buy using the Naira currency of Nigeria. The exchange shared on X about the move they had decided to take. “We regret to inform our Nigeria Users On the temporary pause of our P2P services, we are eagerly looking forward to resuming […]