A recent study on the top 300 cryptocurrencies by market capitalization reveals that over 20% of these coins have a large portion of their tokens yet to be unlocked. This finding is crucial for investors and market analysts, given the potential impact on market prices and investor sentiment. Most New Crypto Projects Will Unlock Significant…
The US Securities and Exchange Commission (SEC), in its opposition to Coinbase’s motion for an interlocutory appeal, criticized Judge Analisa Torres’s decision in its case against Ripple. In a filing dated May 10, the SEC contended that the court should not entertain Coinbase’s bid to reassess the application of securities law to digital assets. SEC Says…
CoinGate, a fintech company based in Lithuania, has boosted the utility of Shiba Inu (SHIB) by integrating it with Polygon and Binance Smart Chain (BSC). This strategic move allows SHIB holders to purchase products from major brands like Nike and book services like Airbnb. Shiba Inu Price Consolidates Despite Growing Adoption The payment gateway CoinGate…
The US Department of Justice (DOJ) has selected the consulting firm Forensic Risk Alliance (FRA) to oversee Binance. This development follows Binance’s guilty plea to violating US money-laundering regulations and trade sanctions. Why DOJ Chose FRA Over Sullivan & Cromwell This appointment stems from a plea agreement that Binance entered last November. As part of the deal, Binance…
The House Committee on Rules has announced the consideration of the Financial Innovation and Technology for the 21st Century (FIT21) Act, setting the stage for a crucial floor vote later this month. The FIT21 Act aims to provide much-needed regulatory clarity for cryptocurrencies, a sector plagued by uncertainty that has hampered innovation and consumer protection….
Ethena Labs presented its new roadmap, promising a convergence between DeFi, CeFi, and TradFi. Its synthetic stablecoin, USDe, aims to replicate what Tether’s USDT did in 2014 and MarkerDAO did in 2017. Ethena’s Vision: DeFi, CeFi, TradFi Convergence According to the DeFi protocol, USDe succeeds because its reserves represent more than double the open interest in each combined perpetual…
In a recent interview with BeInCrypto, Alan Scott, a researcher at Railgun, elaborated on the recent endorsement by Ethereum co-founder Vitalik Buterin. This endorsement highlights the advancements and the unique privacy features that Railgun aims to bring to the decentralized finance (DeFi) sector. DeFi Through Zero Knowledge Proof Tech Railgun leverages zero-knowledge proofs (zk-SNARKs) to…
A seasoned market analyst, Peter Brandt, has ignited significant discourse within the crypto market with his bold predictions regarding impending regulatory measures against staking. Brandt’s prognosis paints a rather grim future, anticipating a regulatory “bloodbath” that could reshape the industry. Brandt Anticipates Strict Crypto Staking Regulation Recently, Brandt expressed concerns over the legal ambiguities surrounding cryptocurrency staking….
VELO has emerged as the latest sensation in the crypto market, earning the moniker “the XRP of Southeast Asia.”Over the past six weeks, this crypto has experienced a staggering 358% surge in value, capturing the attention of traders worldwide. VELO Surged 358% in 6 Weeks Velo Labs developed VELO, designed to enable digital credit…
The Layer3 Foundation announced the launch of its new governance and utility token, L3, scheduled for early summer.This initiative marks a major milestone in blockchain and is crucial for the expanding community. Empowering Web3 Through L3 L3 will be the cornerstone of the Layer3 ecosystem, supporting more than 96 million interactions across 545 ecosystems worldwide….