Celebrity crypto tokens will ‘absolutely’ catch SEC’s eye: Lawyers
Celebrities who have brazenly shilled their own memecoins on X in recent months run a high risk of attracting the attention of the SEC and class action lawyers. Go to Source
Crypto
Auto Added by WPeMatico
Binance’s Latest Proof of Reserves Shows Growth In User Assets Amid Significant Ethereum Transactions
On July 1, Binance released its 20th proof of reserves, showing a significant increase in user assets. User BTC holdings have risen by 4.01% since June 1, reaching 605,637 BTC. Similarly, user ETH assets saw a 1.01% increase, totaling 4.711 million ETH. However, user USDT assets experienced a decline of 2.54%, dropping to 21.51 billion … Read more
Bitcoin Market Volatility Sparks Fear Amid Massive Exchange Inflows
Just two weeks ago, the crypto market was marked by extreme greed. Now, it’s gripped by fear. Just two weeks ago, the #crypto market was all about extreme greed. Now it’s gripped by fear. pic.twitter.com/0mwTGdaWkK — Ali (@ali_charts) July 5, 2024 This week, nearly 30,000 BTC, valued at $1.73 billion, entered exchanges, suggesting panic selling … Read more
Polkadot’s Ecosystem Thrives Amid Market Downturns
Despite the broader market downturns, Polkadot’s ecosystem continues to show robust growth and resilience. In June, the number of transactions on the network surged by 33%, reaching 16 million. The total number of unique addresses has now surpassed 7 million, highlighting the expanding user base and increased network activity. Polkadot’s treasury currently holds an impressive … Read more
South Korea Launches Continuous Monitoring for Crypto Transactions
South Korea’s Financial Supervisory Service (FSS) will introduce a continuous monitoring system on July 19 to track suspicious cryptocurrency transactions. Developed with local digital asset exchanges, this system aligns with the country’s Virtual Asset User Protection Act, which aims to regulate trade practices and protect investors. Major Korean crypto exchanges, including Upbit, Bithumb, Coinone, Korbit, … Read more
Latam Insights: Paraguay Raises Bitcoin Mining Power Fees, Bolivia Praises Stablecoins as Dollar Proxy
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay raises bitcoin mining power fees, Bolivia talks about the utility of stablecoins as dollar alternatives, and Kavak tokenizes debt in Brazil. Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping … Read more
First Digital Debt Offering Fails to Get Traction in El Salvador
The first digital debt offering registered in El Salvador has reportedly failed to gather the necessary interest to continue. The issuance, intermediated by Bitfinex Securities to build a Hilton hotel at El Salvador International Airport, raised $342,000 from interested investors, less than the $500,000 needed to continue before the first established deadline. Bitfinex Securities stated … Read more
Justin Sun Developing Gasless Transaction Stablecoin Solution for Tron and EVM Chains
Justin Sun, founder of Tron, a smart contracts-enabled blockchain, has announced that his team is developing a gas-free transaction solution for stablecoins. This means that stablecoin movement fees will be free for the users, with issuers having the opportunity to pay for these. The service is expected to be operational by Q4 and will be … Read more
Robinhood Moves Forward With Acquisition of Bitstamp
Robinhood Markets Inc. is moving forward with its acquisition of Bitstamp Ltd., a global cryptocurrency exchange. As part of this process, Robinhood Crypto LLC has submitted a change of control application to the New York Department of Financial Services (NYDFS), which announced it received the application on July 3, 2024. This is one of several … Read more
North Carolina Governor Vetoes Bill Banning State Use of Central Bank Digital Currencies
The governor of the U.S. state of North Carolina has vetoed House Bill 690, which seeks to ban state payments using central bank digital currencies (CBDCs) and the state’s participation in the Federal Reserve’s CBDC testing. The governor argued the bill was premature and emphasized the need for more funding for cybersecurity. House Bill 690 … Read more