TL;DR Loom Network’s Price Surge: The LOOM cryptocurrency saw a significant price increase, rallying 1000% since September, moving from a range of $0.04-$0.06 to an all-time high (ATH) of $0.343. The sudden price rise made it trend on CoinMarketCap and placed it among the top 100 cryptocurrencies in terms of market capitalization. Speculated Cause of […]
Here’s Why Loom Price Is Down Over 70% in The Last 4 Days Read More »
A renowned accounting professor from the University of Notre Dame, Peter Easton, has delivered a stark revelation during the Sam Bankman-Fried trial. Easton’s meticulous analysis of Alameda Research and FTX’s financial records unambiguously affirms the mishandling of customer funds. The government enlisted Easton to conduct an exhaustive examination of the financial landscape of FTX and
Accounting Prof Exposes Mishandling of Customer Funds During FTX Trial Read More »
Bitcoin (BTC) is down by 5% from the week’s high set at $29,900, as it currently sits at the $28,250 level. A false report that a BlackRock Bitcoin ETF had been approved caused the asset’s price to surge 10% in minutes, allowing it to reach the July 2021 low-day closing price of $29,900. Despite its
TL;DR Former SEC Chair Jay Clayton believes a spot Bitcoin ETF approval by the SEC is “inevitable,” noting high demand from both retail and institutional investors. Bitcoin price spiked on a false alarm of SEC approval; real approval could drive substantial institutional investment similar to the impact of gold ETFs on the gold market. The
Spot Bitcoin ETF is Inevitable: Jay Clayton (Throwback Thursday) Read More »
Source: AdobeStock / Iryna Budanova Binance France’s general manager has decided to step down from her role after one year and six months, adding her name to the list of senior executives to leave the largest crypto exchange this year. On October 18, Binance France’s Executive Director and Deputy CEO, Stéphanie Cabossioras, has step down
Binance France Director Steps Down Amid Ongoing Senior Leadership Exits Read More »
Source: Pixabay A senator from the US state of Arkansas is seeking answers from the governor’s office as there is an increase in the outcry over unwanted cryptocurrency mines in small towns across the state. Residents of Mountain Pine have complained over “freaking loud” noise from a new crypto-mining facility in Garland County, according to
Source: AdobeStock / Maksym Yemelyanov California has signed the Digital Financial Assets Law, raising concerns within the industry regarding the potential consequences of this legislation. On Friday, Governor Gavin Newsom signed the bill into law, aiming to regulate California’s cryptocurrency industry, which is home to nearly a quarter of the blockchain companies in North America. The move is similar to New
California’s Crypto Regulation: Will It Push Firms Out? Read More »
Source: Pixabay Ava Labs, the crypto firm supporting the Avalanche blockchain, is reportedly having plans to partner with Indian government agencies and institutions to expand its operations and help build applications on Avalanche (AVA). As a part of its expansion plans, the firm has hired Devika Mittal of OKX and Kamakshi Arjun of Polygon to
Avalanche Blockchain Developer Looks to Expand in India, Hires Key Positions Read More »
Source: Adobe / Catalin Pop Blockchain analytics firm Chainalysis has raised concerns over the accuracy of recent reports regarding the extent of cryptocurrency’s role in terrorist financing. Following the recent Hamas attack in Israel, there has been increased scrutiny of how terrorist groups might be utilizing cryptocurrency for their funding. Chainalysis acknowledges that while terrorism
Chainalysis Highlights Flawed Analysis in Assessing Crypto’s Role in Terror Financing Read More »
Back in 2020, Reddit launched Community Points, an initiative that rewarded high-quality posters by giving them Ethereum-based tokens that could be spent on badges and emojis on the platform. At the time, the experiment seemed fun and allowed users of the platform to show off their flair in a way that proved that they had
Reddit Winds Down Blockchain-Based Community Points, Cratering Related Tokens Read More »
