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$HBAR Pumps as $MNT Dumps; $GFOX Primed for $2 Million
23.12.2023
Amid recent market volatility, as some coins drop by double digits, three crypto tokens have taken center stage, hailed by several analysts as among the best cryptos to buy – each offering its own unique solution to the complex decentralized market. Hedera ($HBAR), propelled by strategic...
CFTC Chairman: Many Crypto Tokens Are Considered Commodities Under Existing Laws
17.12.2023
The chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has stated that many digital assets are considered commodities under existing law. Behnam urged the U.S. Congress to hasten the process of establishing a regulatory regime for cryptocurrency. He also emphasized that...
HTX Sees $258 Million in Net Outflow Since Resuming Operations Last Month
11.12.2023
Source: YouTube / CNBC Justin Sun-linked crypto exchange HTX has seen $248 million in net outflow since resuming operations after a major security breach last month. The breach resulted in the loss of $30 million worth of crypto tokens and prompted HTX to temporarily halt withdrawals and deposits....
Hong Kong Regulator Warns of 2 Entities Suspected of Crypto Frauds
9.12.2023
Hong Kong’s financial regulator has warned the public about two entities suspected of crypto frauds. In addition to issuing cease and desist letters to relevant website operators requesting them to cease offering crypto tokens for purchases, the regulator advises the public to “be...
New Jersey Bill Proposes Classifying All Crypto Tokens Sold to Institutional Investors as Securities
7.12.2023
A bill has been introduced in the U.S. state of New Jersey to classify all cryptocurrencies issued and sold directly to institutional investors as securities. In contrast, the U.S. Securities and Exchange Commission (SEC) has previously stated that bitcoin is not a security, but SEC Chairman Gary...
AI-Focused Cryptocurrency Sector Expands by $2 Billion in Less Than 2 Weeks
29.11.2023
Recent market data reveals a significant surge in the AI-focused cryptocurrency sector, with its value ballooning by nearly $2 billion in just under two weeks. A major contributor to this growth is the token bittensor (TAO), which soared 86.5% in the last fortnight. AI Crypto Economy Rebounds...
$750M in locked crypto tokens to be released by December
27.11.2023
DYdX, Optimism, 1inch and Aptos are expected to release over $750 million in locked tokens by December, according to data tracker Token Unlocks
Singapore Central Bank Rules to Discourage Crypto Speculation, Ease Investment Qualifications
23.11.2023
The Monetary Authority of Singapore (MAS) has released the final tranche of its responses to feedback on a consultation paper of proposed regulations for crypto service providers
SEC Identifies 16 Crypto Tokens as Securities in Kraken Lawsuit
22.11.2023
The U.S. Securities and Exchange Commission (SEC) has identified 16 crypto tokens as securities in its lawsuit against cryptocurrency exchange Kraken. Some of the alleged crypto securities were the same as those highlighted in the SEC’s lawsuits against Coinbase and Binance. Kraken’s...
Uncovering the Next Big Thing: Here’s Why Crypto Whales Are Quietly Betting on This AI Crypto Token
21.11.2023
LPX token offers automated trading and fractionalized alternative assets via Launchpad XYZ’s upcoming AI crypto platform. Image by Launchpad XYZ, X. A new class of cryptocurrencies is emerging that integrates artificial intelligence into underlying blockchain architecture. Dubbed “AI...
Fading Interest for Privacy Cryptos Leads to $440M Market Dip in 2023
18.11.2023
Throughout 2023, numerous sectors within the cryptocurrency market have experienced gains. However, leading privacy-centric crypto tokens have lagged behind in performance compared to their counterparts. Since January, the market value of the privacy cryptocurrency sector has diminished by $440...
Deloitte & Paxos Share Insights on Stablecoins and Financial Innovation – Here’s What You Need to Know
8.11.2023
Deloitte. Source: Adobe / Tobias Arhelger Banks and large institutional players are looking for avenues into the stablecoin industry following PayPal’s latest crypto foray, according to Deloitte Principal and Partner Richard Rosenthal. In conversation with Paxos Head of Strategy Walter Hessert,...
Why is Elon Musk firmly against creating crypto tokens for his companies?
8.11.2023
Who does not know the name ‘Elon Musk’ and his influence in the crypto space? He was one of the whales in driving the price up for BTC and DOGE during the 2020 crisis. Other than the crypto world, he is known for his electric cars at Tesla and rocket launches at SpaceX. Many crypto …
Elon Musk Confirms None of His Companies Will Ever Create a Crypto Token
6.11.2023
Tesla and Spacex CEO Elon Musk has confirmed that none of his companies will ever launch a crypto token. His clarification came after his artificial intelligence company’s name was used in a cryptocurrency, and several articles associated his social media platform X with crypto tokens. Elon...
Crypto Tokens MOON and BRICK Plunge as Reddit Sunsets Community Points
18.10.2023
On Tuesday, the social news hub Reddit unveiled that it would be drawing the curtains on the Community Points project. This revelation promptly sent two cryptocurrency coins from r/cryptocurrency and r/fortnite spiraling downward, showcasing a notable dip in value following the news. This...
First Mover Americas: GBTC Discount Continues to Narrow; Reddit’s Crypto Tokens Plummet
18.10.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Today in Crypto: New Monopoly Edition to Showcase Crypto, Tokens.com Launches Customized Multiplayer Game in Fortnite for Sleep Tech Company
11.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: New Monopoly Edition to Showcase Crypto, Tokens.com Launches Customized Multiplayer Game in Fortnite...
Ethereum Co-Founder Insists ETH Is a Commodity Amid SEC Crackdown on Crypto Securities
18.9.2023
Ethereum co-founder Joseph Lubin says he stands by his conviction that ether is a commodity despite the U.S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, trying to assert authority over all crypto tokens, except bitcoin. “I anticipate that, with previous...
FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse
11.9.2023
The bankrupt estate of cryptocurrency exchange FTX is suing blockchain company Layerzero Labs in an attempt to claw back a $45 million deal and over $40 million in withdrawals made in the days before FTX filed for bankruptcy. The lawsuit alleges that Layerzero exploited FTX’s financial...
Shibarium Surpasses 1 Million Wallets in Meteoric Rise, But SHIB and Associated Tokens Face Turbulent Waters
4.9.2023
Shiba Inu’s layer two (L2) scaling endeavor, Shibarium, has successfully crossed the 1 million wallet threshold since its inception, as evidenced by data from shibariumscan.io. Yet, the project’s native token, SHIB, has seen a decline of over 4% in the past week and a substantial drop...