The recent decline in the price of Bitcoin can be attributed to various factors, with one of the major contributors being the large sell-offs orchestrated by governments. The German government’s decision to sell around 2,786 BTC, equivalent to roughly $140 million, sent shockwaves through the market. Similarly, news broke that the US government had moved
The recent lawsuits filed by Coinbase against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) have shed light on a growing conflict between cryptocurrency exchanges and financial regulators in the United States. Coinbase’s legal actions stem from the regulators’ refusal to comply with information requests related to closed crypto cases.
The village of Yamakoshi, situated in the Niigata mountains of Japan, has implemented an innovative solution to support its growth and address the challenges posed by its aging population. Through the Neo-Yamakoshi Village project, which commenced in 2021, the community has leveraged non-fungible tokens (NFTs) to create a new source of funding and engagement. This
The US spot Bitcoin ETFs have shown signs of slow recovery, with collective inflows reaching $21.52 million on June 26th. While this positive momentum is encouraging, BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any new investments in the past four days. This lack of activity is not a new occurrence, as the fund previously
The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has recently taken an interesting turn. The SEC has decided to lower its demand for a fine from a massive $2 billion to $102.6 million. This significant reduction in the penalty amount has raised many eyebrows in the crypto
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
