Ethena Labs has unveiled an ambitious proposal aiming to bolster the growth of its synthetic dollar, USDe, through the introduction of a decentralized exchange (DEX) named “Ethereal.” On September 30, community member Fells0x put forth this proposal which aims to leverage the benefits of decentralized finance (DeFi) while enhancing USDe’s utility in the competitive crypto
admin
In a pioneering move that merges the worlds of digital finance and art, Kresus, a prominent crypto wallet provider, has entered into a partnership with Christie’s—a legendary auction house known for its prestigious art sales. This collaboration aims to create a more secure and transparent method for art collectors to verify and maintain ownership of
This week marked a pivotal moment for the cryptocurrency landscape with Bitwise Asset Management’s registration of an XRP ETF trust in Delaware. This strategic move was quickly followed by the submission of an S-1 form to the U.S. Securities and Exchange Commission (SEC), a necessary regulatory step for launching a new security in the market.
Ripple, the leading blockchain technology firm known for its innovative payment solutions, has recently achieved a remarkable milestone by obtaining in-principle approval from the Dubai Financial Services Authority (DFSA). This development, announced on October 1, underscores Ripple’s aspirations to enhance financial service innovation within the United Arab Emirates (UAE). As the first blockchain-based payment service
In recent discussions among cryptocurrency enthusiasts, the veteran trader Peter Brandt has introduced a compelling viewpoint regarding Bitcoin (BTC) using the metaphor of a ‘Three Blind Mice’ trading pattern. This particular nomenclature does not merely describe the technical aspects of a chart; it symbolizes the prevailing sentiment among traders who are wrestling with the uncertainties
X Empire, a new contender in the gaming and blockchain ecosystem, has recently shared extensive details regarding its anticipated airdrop. This reveal signals an exciting turning point, especially as the community gears up for the final stages of token distribution. Specifically designed to reward community involvement and player engagement, X Empire is allocating an impressive
In an alarming development within the realm of cryptocurrency, a 21-year-old man from Lebanon, Indiana, named Evan Frederick Light has confessed to orchestrating a substantial heist, accumulating losses exceeding $37 million from nearly 600 victims globally. Light’s plea of guilt, presented before U.S. Magistrate Judge Veronica Duffy on September 30, 2024, encompasses two serious charges:
In a significant decision, the United States Court of Appeals for the District of Columbia Circuit concluded that betting on U.S. elections through prediction markets is legal. This ruling, issued on October 2, 2023, came after the Commodity Futures Trading Commission (CFTC) sought to impose restrictions on such markets, particularly targeting Kalshi, a prediction platform.
As the cryptocurrency market heads towards the close of September 2023, investors are met with mixed signals. After a rally earlier in the month that had many hopeful for a substantial upward trend, Bitcoin’s price has slipped below the psychological threshold of $65,000. This price movement has aroused feelings of uncertainty, as reflected by the
The ongoing legal tussle between the United States Securities and Exchange Commission (SEC) and Ripple Labs has captivated the cryptocurrency world, particularly following the SEC’s recent decision to appeal the favorable ruling for Ripple regarding its XRP token. This article explores the implications of this appeal, Ripple’s response, and the broader impact on the cryptocurrency
