Bitcoin $2B daily profit-taking involves mostly new hodlers — Research
Bitcoin long-term holders need more than a 10% dip from all-time highs to sell BTC en masse, Glassnode reveals. Go to Source
Month: November 2024
Can DAOs Be Sued? Insights From Lido’s Recent Case
According to a recent decision from the US District Court for the Northern District of California, decentralized autonomous organizations, or DAOs, may not provide the liability protection the industry once thought. In a seminal case, a Federal Court in California ruled that, despite the governing body being a DAO, several prominent investment firms may in … Read more
US judge supports crypto miner in Chinese ownership dispute
A federal judge has temporarily halted Arkansas laws targeting foreign crypto mining firms, citing potential constitutional violations. Go to Source
Impact of Digital Assets on Financial Stability Minimal: NY Fed Report Says
The New York Federal Reserve’s report evaluates the financial stability implications of digital assets within the context of the broader financial system. Digital Assets Pose No Risk to Global Financial System The New York Federal Reserve’s recent report on digital assets provided a look at their potential risks to financial stability. The report stated that … Read more
Sky Mavis, Creator of Web3 Game Axie Infinity, Cuts Workforce by 21%
Sky Mavis, the company behind Axie Infinity, is laying off 21% of its workforce as part of a strategic refocus. Laid-off Workers to Receive Job Placement Assistance Sky Mavis, the blockchain startup behind Axie Infinity, announced plans to lay off about 50 employees, or 21% of its workforce. The company attributed the layoffs to a … Read more
Judge denies appeal from promotor accused in $18M crypto fraud case
Kristoffer Krohn unsuccessfully argued in his appeal that the SEC had not established that the Green Boxes were securities offerings or investment contracts in its complaint. Go to Source
Bitcoin has a 50-50 chance of reaching $100K by year-end: Options data
The likelihood of Bitcoin surpassing $100,000 has risen to 45%, despite its recent pullback, according to recent onchain data. Go to Source
Low-income crypto investors are using gains to buy houses: Treasury study
Low-income households with high crypto exposures saw the largest increase in mortgage and auto loan originations and balances, US Treasury research revealed. Go to Source
South Africa Seeks Input on National AI Policy Framework
The South African government has published a National Artificial Intelligence (AI) Policy Framework, which aims to guide the development and adoption of AI in the country. The framework outlines strategic pillars, including talent development, digital infrastructure, research, and innovation, as well as ethical considerations, such as transparency, accountability, and fairness. The policy framework is open … Read more
Bitcoin down as Jim Cramer says crypto ‘deserve a spot’ in portfolio
Jim Cramer doubled down on his tip to buy crypto, saying he was “going to call the top by recommending it yet again.” Go to Source
