Santiment recently ranked Internet Computer (ICP) as the top digital asset for development activity, with an impressive overall score of 570.1. This places ICP as the second-largest in the Artificial Intelligence (AI) realm, boasting a market capitalization of nearly $3.5 billion. Despite experiencing a bull run in March that saw its price soar to nearly
Crypto
Over the weekend, Bitcoin’s price stabilized at just over $61,000 after a tumultuous week. The cryptocurrency experienced a significant drop from $66,000 to $49,500, its lowest in six months, before bouncing back to nearly $63,000. However, the rally was short-lived as Bitcoin retraced slightly, but it has managed to hold above $61,000 in the past
CoinShares, a leading European investment company, has reported impressive financial results for the second quarter of 2024. The company’s revenue more than doubled compared to the same period in 2023, reaching £22.5 million ($28.5 million). This represents a significant growth of 110% year-over-year from £10.7 million ($13.5 million) in Q2 2023. The substantial increase in
The past week has been a rollercoaster ride for Bitcoin and Ethereum ETFs, with significant inflows and outflows impacting the market. The week began with high volatility, leading to a negative note for spot Bitcoin ETFs as nearly $240 million left the market. The trend continued as $168.4 million was withdrawn from the ETFs, with
During a Berkshire shareholder meeting in the late 1990s, Charlie Munger famously stated, “The first $100,000 is a b—, but you gotta do it.” This blunt advice emphasizes the importance of achieving significant financial milestones, no matter the sacrifices required. Munger’s advice resonates with individuals striving to reach the $100,000 mark in various aspects of
Celsius, a crypto lender that recently emerged from bankruptcy, has taken legal action against stablecoin issuer Tether. The lawsuit, filed in the US Bankruptcy Court for the Southern District of New York, accuses Tether of improperly liquidating over $800 million worth of BTC collateral during a market downturn in mid-2022. According to Celsius, Tether breached
The recent conclusion to the settlements phase of Ripple’s trial ended with a much smaller fine than anticipated by the SEC. U.S. District Court Judge Analisa Torres decided on a sum just a little over $125 million, compared to the $2 billion fine initially sought by the regulatory agency. This decision led to an immediate
Recently, Ripple was fined $125 million by the US Securities and Exchange Commission (SEC) for violating securities laws. This amount is significantly lower than the $2 billion initially demanded by the regulator, leading many to view it as a victory for Ripple. The fine comes as a relief to the company and has sparked a
The Commodity Futures Trading Commission (CFTC) has recently announced that it has awarded over $1 million to a crypto whistleblower. This whistleblower’s information led to an enforcement action regarding improper trading in digital asset markets. The CFTC’s Director of Enforcement, Ian McGinley, emphasized the importance of identifying unlawful conduct in the digital asset marketplace, particularly
Tether, the issuer of the USDT stablecoin, has announced its intention to double its current workforce within the next year. This move is aimed at strengthening various areas within the company, particularly compliance. By mid-2025, Tether plans to have around 200 employees, according to Chief Executive Officer Paolo Ardoino. This expansion includes a focus on
