News
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North Korean Lazarus Group Linked To DMM Bitcoin Hack
- July 15, 2024
- Posted by: Jackson Bennett
- Category: News
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North Korean hackers from the Lazarus Group may have carried out this June’s DMM Bitcoin hack. Maybe, it was North Korea’s Lazarus Group that perpetrated the DMM Bitcoin attack. Tether blocked $29.6 million of funds related to the hacking case, as ZachXBT disclosed. Crypto pitfalls are becoming more common. The North Korean hacker group Lazarus
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Elon Musk Threatens Lawsuit On Masterminds of X Ad Boycott
- July 12, 2024
- Posted by: Jackson Bennett
- Category: News
Elon Musk has decided to sue the X ads revenue boycott main culprits after updates from a congressional hearing. Planning how he will deal with those perpetrating against X ads. Many companies previously targeted the X platform with ad boycotts. Elon Musk has steered the company towards alternative modes of generating income. The major perpetrators
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Is Donald Trump planning to make an appearance at the Bitcoin 2024 Conference? Another Election Ploy?
- July 11, 2024
- Posted by: Jackson Bennett
- Category: News
Donald Trump is trying to place himself as the best defender of the crypto industry, while some crypto proponents term his attendance at the Bitcoin 2024 conference as an election stunt. All this comes after Donald Trump announced last week that he would be attending the upcoming Bitcoin 2024 conference in July. The former president
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Breaking: Uniswap Labs Calls for SEC’s Reconsideration of DeFi Rule Expansion
- July 10, 2024
- Posted by: Jackson Bennett
- Category: News
Uniswap Labs urges the SEC to rethink the DeFi regulation pointing to a recent Supreme Court decision as well as suggesting that some regulatory definitions may be going too far. In its challenge, Uniswap Labs refers to a Supreme Court decision that has nullified Chevron’s deference in that it can no longer rely on the
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Solana Memecoin WATER Jumps 23% As Lionel Messi Boosts Awareness On Instagram.
- July 9, 2024
- Posted by: Jackson Bennett
- Category: News
Lionel Messi, the global soccer legend, has hopped on the meme bandwagon and is using his Instagram Stories to promote a Solana-based meme coin called Watercoin (WATER). Watercoin’s documentation claims that it focuses on water-related problems for the future in order to be an ecologically sustainable coin. Over 20% of Solana WATER memecoin has skyrocketed. Through
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Peter Schiff Claims Bitcoin Whales Set Up ETF Investors As “Bag Holders”
- July 8, 2024
- Posted by: Jackson Bennett
- Category: News
Peter Schiff, the Economist and a persistent gold proponent has an analysis of Bitcoin (BTC) that is again controversial but this time it involves the Exchange-traded Fund (ETF). HIGHLIGHTS Peter Schiff has again come out to mock Bitcoin investors. He said Bitcoin whales are selling on ETF whales. Peter Schiff continues to criticize Bitcoin most
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Regulators De-Banking Cryptocurrency Intentionally, a Former Solicitor for Obama
- July 5, 2024
- Posted by: Jackson Bennett
- Category: News
“US Federal Crypto Regulation are deliberately Debanking Crypto,” says Donald B. Verrilli, a lawyer associated with Grayscale. HIGHLIGHTS Donald Verrilli has commented on the regulation of cryptocurrency in America. The legal specialist of Grayscale asserts that the regulators from the country are purposely Debunking digital currencies. This was after Custodia Bank sued the Federal Reserve.
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KuCoin to Implement 7.5% VAT on Fees for Nigerian Users from July 8
- July 4, 2024
- Posted by: Jackson Bennett
- Category: News
Nigerian users of KuCoin will have to pay extra 7.5% VAT on transaction fees starting July 8, causing concerns amid crypto bans. HIGHLIGHTS Starting the eighth of July, KuCoin will impose a value-added tax (VAT) of 7.5% on transactional costs in Nigeria. However, the VAT only applies to those who register under KYC in Nigeria
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Ripple and Coinbase Leverage Binance Victory to Challenge SEC Allegations
- July 3, 2024
- Posted by: Jackson Bennett
- Category: News
Coinbase and Ripple employ a Binance court ruling as the basis for their SEC complaints, demanding clear regulation. HIGHLIGHTS Coinbase and Ripple Labs reference a Binance court ruling to challenge their SEC cases, seeking clear regulatory guidelines. Ripple highlights a judge’s comment on the mismatch between cryptocurrency operations and traditional securities laws, such as the
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Binance CEO Says They Will Maintain their Support for USDC In Europe
- July 2, 2024
- Posted by: Jackson Bennett
- Category: News
According to Binance’s CEO, Richard Teng, Binance will continue supporting the European Union licensed stablecoin USDC. HIGHLIGHTS Teng confirms Binance will still provide backing for USDC in the EU. The news comes after the stablecoin issuer obtained a rare license within the region. USDC now remains as MiCA compliant global regulated stablecoin. Binance has confirmed
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Wormhole to grant World ID integration on Solana
- June 28, 2024
- Posted by: Jackson Bennett
- Category: News
Wormhole secures grant to integrate World ID on Solana increasing the blockchain’s identity verification and thus raising WLD and SOL prices. HIGHLIGHTS Solana development is enhanced by Wormhole’s integration of World ID, making it possible for thousands to find their ways with reliable user authentication. ZKPs among other privacy features are added by Worldcoin in
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Crypto Company, Abra, to Repay $82 Million in US Settlement to Users
- June 27, 2024
- Posted by: Jackson Bennett
- Category: News
Crypto Company Abra has settled with regulators from 25 states in the United States for not having licenses in a similar lawsuit. Highlights Crypto Company Abra reaches settlements with US regulators in 25 states. Investigators have been investigating the company for operating cryptograph services without proper licenses. Clients are expecting Abra to give back about
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VanEck Announces Zero Fee for Spot Ethereum ETF Ahead of July 2 Launch
- June 26, 2024
- Posted by: Jackson Bennett
- Category: ethereum, News
According to the head of digital assets at VanEck, launching the spot Ether ETF would rekindle people’s curiosity in this market. But for now, let’s wait for BlackRock. The rest of us have eyes only for how they respond to our next move. HIGHLIGHTS VanEck is set to charge zero fees until the AUM reaches
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Anthony Pompliano Predicts AI and Bitcoin Role In Wealth Creation
- June 25, 2024
- Posted by: Jackson Bennett
- Category: News
According to Anthony Pompliano, AI and other breakthroughs in technology are going to spur the adoption of Bitcoin, which will disrupt virtually every industry imaginable. The deep tech investors think that the AI will generate vast amounts of money and Bitcoin will assist in protecting this money. HIGHLIGHTS Stone Road’s Anthony Pompliano has said that
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Is Bitcoin Futures Cash-and-Carry Trade Profitability Fading?
- June 24, 2024
- Posted by: Jackson Bennett
- Category: News
Bitcoin futures cash and carry trades have dropped significantly as annualized premiums fell from 10% to 6%. BTC’s price may decrease to $60,000. Highlights The profitability premium of bitcoin futures cash-and-carry trades has gone down from 10% to 6%. There may be a shift among bitcoin traders in response to the sharp decline in profitability.