GMX, a decentralized perpetual exchange, launched on Arbitrum in September 2021, making a significant impact on the DeFi community. Its unique features, such as being the first DEX and perpetual market on the Arbitrum ecosystem, and a shared liquidity pool system, attracted attention and contributed to its rapid growth. Within a month, GMX’s total value
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Securities and Exchange Commission (SEC) Chairman Gary Gensler is set to testify before Congress twice this September, facing questions about the SEC’s approach to digital asset regulation. This comes amidst a wave of criticism and accusations from lawmakers, particularly Republicans, regarding the lack of explicit guidelines for cryptocurrencies falling under the SEC’s jurisdiction. One of
Binance, one of the leading cryptocurrency exchanges, has recently introduced a groundbreaking feature for its clients in Latin America. This new solution allows users in nine Latin American countries to send and receive crypto via Binance Pay, enabling beneficiaries in Argentina and Colombia to directly receive these transfers into their bank accounts. The introduction of
Altcoin season seems to be on the horizon, and investors are eagerly searching for the next big thing. In light of Grayscale’s successful bitcoin ETF case against the US Securities and Exchange Commission, altcoin prices have skyrocketed. Riding the wave of this momentum is Sonik Coin, a new meme coin that has already raised over
On-chain data suggests that Bitcoin might face a significant resistance level at $28,100, based on historical patterns. Analyzing the realized price of short-term holders (STHs), it becomes evident that when the BTC spot price approaches this level, it sets the tone for the future trend of the cryptocurrency. This article delves into the potential implications
Hip-hop, a genre that has had an unprecedented impact on society, is marking its 50th anniversary. To commemorate this significant milestone, Walmart has partnered with People of Crypto Lab (POClab) to introduce Cultureverse—a groundbreaking, gamified experience within the Spatial metaverse. Cultureverse pays tribute to the trailblazers of Hip-Hop while delving into the genre’s evolution and
The recent win for Grayscale Investments against the United States Securities and Exchange Commission (SEC) has sparked significant interest and speculation within the cryptocurrency community. In its ongoing quest to launch a spot Bitcoin exchange-traded fund (ETF), Grayscale was met with favorable news. Although a final decision on the ETF is yet to be made,
In a recent letter to U.S. District Judge Lewis A. Kaplan, attorneys for FTX founder Samuel Bankman-Fried argued that their client’s constitutional rights were being violated due to the lack of adequate access to evidence against him. Federal prosecutors had proposed providing Bankman-Fried with an offline laptop and limited internet access inside a courthouse cellblock,
Hong Kong has taken a significant step towards fostering a regulated and favorable environment for cryptocurrency trading. With the recent launch of retail trading services by HashKey Exchange, cryptocurrency traders in Hong Kong now have access to a locally based exchange. This move comes after HashKey was granted Type 1 and Type 7 licenses by
In a recent filing, U.S. prosecutors addressed the complaints raised by former FTX CEO Sam Bankman-Fried and his legal team regarding the government’s handling of discovery materials. Bankman-Fried had objected to the timing and volume of the materials provided, citing his inability to review them due to his imprisonment. This article critically examines the prosecutors’
Bitcoin, the world’s most popular cryptocurrency, has experienced a significant price surge, rising by 5% and reaching a two-week high of over $28,000. This sudden increase comes after a United States Court of Appeals Circuit Judge, Neomi Rao, ruled in favor of the Grayscale Bitcoin Trust (GBTC) in its case against the U.S. Securities and
The Ripple community is buzzing with excitement as the company’s CEO and founder unveils plans for an extravagant celebration to commemorate their momentous victory against the US Securities and Exchange Commission (SEC). This victory not only signifies a notable win for Ripple, a leading global payments network, but also represents a significant milestone for the
Circle’s CEO, Jeremy Allaire, has announced that the United States dollar stablecoin, USD Coin, will be launching natively on the Base network in the coming week. This new version will replace the current USD Base Coin (USDbC) that is currently being used by most users. When Coinbase’s Base network was launched on August 9th, there
In the past, adventurers and opportunists embarked on daring journeys to uncharted territories, driven by the allure of striking gold. The pursuit of riches shaped the course of history. Today, while literal gold mines may be dwindling, there is a fervent hunt for technological gold. One notable modern-day gold rush centers around the development of