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
Coinbase recently voiced its objection to the SEC’s $2.6 billion budget request for the 2025 fiscal year. According to a statement provided to CryptoSlate on June 13, a Coinbase representative criticized the allocation of funds, stating that the SEC’s budget would primarily be used for enforcement purposes rather than for creating clear regulations in the
The European Banking Authority (EBA) recently introduced comprehensive guidelines focused on recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) under the Markets in Crypto-Assets (MiCA) regulation. These guidelines are crucial in maintaining compliance with regulatory requirements and ensuring the stability and reliability of the crypto industry in the EU. The guidelines
In a recent hearing before the Senate Committee on Appropriations, CFTC chair Rostin Behnam expressed the agency’s readiness to take on additional responsibilities in the crypto space. Despite concerns about the agency “biting off more than it can chew,” Behnam emphasized that regulating crypto commodities falls within the CFTC’s purview. He highlighted a regulatory gap
The Bitcoin market is witnessing a shift in investor behavior, with new short-term traders flocking to the scene while seasoned holders remain steadfast in their beliefs. The recent Bitfinex Alpha report sheds light on this interesting dichotomy, revealing that a new breed of investors is entering the market in pursuit of quick profits, while long-term
