The recent announcement by the New York Attorney General’s (NYAG) office regarding the completion of its settlement with Gemini has raised many eyebrows in the crypto community. With the recovery of $50 million for users of the defunct Gemini Earn program, there are important lessons to be learned from this incident. Impact on Users The
Ethereum has experienced a significant price drop of approximately 15% from the highs of March 2024. This downward pressure has erased all the gains that were achieved from May 20. Despite this bearish trend, on-chain data suggests that there is a positive outlook for Ethereum. An analyst highlighted a surge in ETH demand, particularly from
The cryptocurrency market is experiencing a series of Bitcoin options expiry events, with today’s expiring at a notional value of $1.35 billion. While this event is relatively smaller compared to previous weeks, it is a prelude to a larger expiry event on June 28, where $6.7 billion in notional value derivatives are set to expire.
Cryptocurrency analyst TechDev has recently provided intriguing insights into the future trajectory of Bitcoin. According to his analysis, Bitcoin has not yet reached its full potential in the current market cycle, indicating that more price surges are on the horizon for the leading cryptocurrency. TechDev highlighted in a social media post that blowoff tops in
Charles Hoskinson, the founder of Cardano, recently discussed rumors of a potential partnership with Elon Musk on the Thinking Crypto podcast. He revealed that his team had made numerous attempts to engage with Musk’s companies, offering free work to help combat issues like fake accounts and bots on the platform formerly known as Twitter, now
The cryptocurrency market has been experiencing significant turbulence in recent days, with Bitcoin struggling to surpass the $67K mark. Despite attempting to rise above $68K yesterday, the price was met with resistance from sellers, resulting in a 1% loss in the past 24 hours. The choppy price action has led to the liquidation of over
Blockchain services provider STORM Partners recently made a significant announcement during the Web3Fest, which took place in Switzerland’s “Crypto Valley.” The company unveiled its latest project, “Lightningbox,” a new Web3 Sandbox, and also announced the relocation of its headquarters from Montreux to Geneva. This initiative aims to assist large enterprises in Europe in harnessing the
A recent thread by blockchain analytics platform Bubblemaps has shed light on suspected insider trading activities related to the meme coin projects endorsed by Andrew Tate and Iggy Azalea. The allegations unveiled a concerning pattern of behavior surrounding the launch of DADDY coin, where insiders purportedly gathered a significant portion of the token supply, equivalent
The IOTA Foundation’s Web3 Identification Solution has been selected for the prestigious European Blockchain Sandbox program, marking a significant advancement in the realm of Know-Your-Customer (KYC) procedures and privacy within the Web3 space. This decision holds immense importance in triggering discussions around regulatory considerations related to KYC and privacy, especially as decentralized finance (DeFi) gains
South Korea’s retail industry has been witnessing a significant shift as major players like Lotte, Hyundai, and Shinsegae have decided to exit the non-fungible token (NFT) market. This departure comes as a response to the slowdown in the NFT industry and a redirection of resources towards core business operations. Lotte Home Shopping, a prominent e-commerce
