Kraken, a prominent player in the digital asset industry, has recently come under fire from the US Securities and Exchange Commission (SEC). Their claims against Kraken seem to be centered around allegations of operating unlawfully as an unregistered securities exchange, broker-dealer, and clearing agency. However, Kraken has been quick to refute these allegations, stating that
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The launch of spot Bitcoin Exchange-Traded Funds (ETFs) by industry giants BlackRock and Fidelity has been a significant moment in the cryptocurrency market. These ETFs, ranking among the top five ETF launches in history, have attracted massive net inflows of $5.278 billion within a short span of six weeks. However, despite this influx of investment,
PlutoSwap (PLUTO) has recently entered the decentralized finance (DeFi) space with a groundbreaking approach to decentralized exchange (DEX) aggregation. The project has generated significant interest among investors and enthusiasts, particularly with the launch of its AI-Powered DEX aggregator. The community presale has also kicked off, offering early supporters an opportunity to engage with the project
The introduction of spot Bitcoin ETFs has sparked a frenzy in the crypto world, attracting a diverse range of investors looking to gain exposure to Bitcoin. These new investment vehicles have made it easier for both newcomers and seasoned investors to participate in the crypto market. The Securities and Exchange Commission’s approval of 11 ETFs
In the world of cryptocurrency, security breaches are not uncommon. Recently, Jeff “Jihoz” Zirlin, co-founder of Axie Infinity, fell victim to a security breach in two of his personal Ethereum addresses on the Ronin network. This breach resulted in an $8 million loss, sending shockwaves through the crypto community. The web3 security firm Ancilia, Inc.
Cardano (ADA) recently experienced a correction in gains after hitting the resistance zone at $0.642. This correction has led to some bearish signs in the price action, particularly below the $0.600 level. However, ADA is still trading above the $0.5550 support zone and the 100 simple moving average on a 4-hour chart. There was a
In recent developments, House Majority Whip Tom Emmer has expressed his concerns regarding government agencies under the Biden administration collecting data on Bitcoin mining firms. Emmer criticized the Office of Management and Budget (OMB) for approving a request from the Energy Information Administration (EIA) that imposes a “new, mandatory information collection regime” on the Bitcoin
The top meme coin Sponge has made a strategic shift to the Polygon network with the launch of the V2 version of the coin. This move comes at a crucial time with the Ethereum Dencun upgrade on the horizon, promising reduced gas fees and faster transaction times for Layer 2 networks like Polygon. The transition
The recent integration of Aave, one of the largest decentralized finance (DeFi) market protocols, with the Binance Smart Chain (BSC) ecosystem has marked a significant milestone in the world of decentralized finance. This move opens up new possibilities and opportunities for users of the BNB Smart Chain, providing access to top-tier lending platforms and enhanced
In the world of cryptocurrency, AI-coins and meme coins are taking the spotlight. With blockbuster Nvidia earnings, tokens like Worldcoin (WLD), SingularityNET (AGIX), and Render (RNDR) have seen significant pumps of 25-40% in just 24 hours. However, while these tokens may be grabbing headlines, the real movers and shakers in the market are meme coins