Abra, along with its CEO Bill Barhydt, recently came to a settlement agreement with 25 US state regulators for providing crypto trading services without the necessary licenses. The regulators agreed to waive monetary fines and instead focus on facilitating $82 million in customer repayments. This move demonstrates a level of leniency on the part of
Recently, the Cardano network was targeted by a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. Despite the attack, Cardano’s mechanisms and decentralized structure proved to be robust enough to mitigate the threat effectively. The attack did not cause any significant disruption, and most services, including SundaeSwap, continued to operate
The Securities and Exchange Commission (SEC) in Nigeria has recently issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses or face enforcement actions for non-compliance. The SEC announced the initiation of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs) as part of their efforts to
Sonic, as the first gaming Layer-2 (L2) infrastructure on Solana, has quickly made waves in the blockchain gaming industry by achieving significant milestones shortly after its launch. Notably, within just one week of initiating the Sonic Testnet Odyssey, the platform managed to attract over 100,000 unique wallets and process an impressive 17 million transactions. These
Recent analysis by IntoTheBlock has uncovered a significant shift in Bitcoin accumulation patterns, particularly among large holders of the cryptocurrency. Despite prevailing market sentiments of fear, uncertainty, and doubt (FUD), data shows that holders with control of at least 0.1% of the total Bitcoin supply have been quietly increasing their holdings. On June 24th, during
The Chief Investment Officer (CIO) of Bitwise, Matt Hougan, recently shared some insights on the potential inflows that the US Spot Ethereum ETFs could attract. His estimated figures and calculations shed light on the possible scenario that could unfold in the upcoming months. Hougan mentioned in a note to investors that the Spot Ethereum ETFs
Bitcoin, often referred to as the digital gold, has had a rollercoaster ride in terms of price movements. The Bitcoin Rainbow Chart, a tool that analyzes price movements through a logarithmic scale, currently places Bitcoin in the “Buy” zone. This suggests that there is still room for growth before reaching a peak. Moreover, historical price
Bitcoin recently faced a significant rejection at the $62,498 resistance level, signaling a prevailing bearish dominance in the market. This failure to break through a critical threshold has raised concerns about potential downward trends and highlights the strength of selling pressure among traders and investors. As of the time of writing, the market capitalization of
The recent strategic partnership between Oasys and Vortex Gaming, a subsidiary of Inven, signifies a significant move to broaden Oasys’ presence in the Korean gaming market. By collaborating with Vortex Gaming, Oasys aims to provide Vortex players with access to the latest blockchain-based games available on the platform. This partnership also grants Oasys access to
During the Bloomberg Investment Summit interview, SEC Chair Gary Gensler expressed optimism regarding the approval process for spot Ethereum ETFs. He emphasized the importance of asset managers making full disclosures to ensure the effectiveness of registration statements. While Gensler did not provide a specific timeline for when spot Ethereum ETFs would go live, he mentioned
