Abra and CEO William “Bill” Barhydt have reached a settlement with 25 US state regulators for offering crypto trading services without securing appropriate licenses. This settlement, announced by the Conference of State Bank Supervisors (CSBS) on June 26, involves the regulators forgoing monetary penalties of $250,000 per jurisdiction in exchange for Abra facilitating $82 million
The recent distributed denial of service (DDoS) attack on the Cardano network showcased the network’s resilience in the face of malicious activities. Despite the attack, Cardano’s mechanisms and decentralized structure effectively mitigated the disruption, ensuring uninterrupted stability and operation. This demonstration of resilience has garnered praise from bullish investors and renewed confidence in the price
Sonic, the pioneering Layer-2 (L2) infrastructure on Solana, has made significant strides since its recent launch. The platform’s Sonic Testnet Odyssey saw an impressive accomplishment within just one week, amassing over 100,000 unique wallets and processing a staggering 17 million transactions. This remarkable feat underscores the enormous potential of the Sonic protocol in revolutionizing gaming
The Chief Investment Officer (CIO) of Bitwise, Matt Hougan, recently provided insights into the potential inflows that US Spot Ethereum ETFs could attract. His analysis suggests that these funds could potentially receive significant investments in their first 18 months of trading. Hougan’s analysis is based on the market capitalizations of Bitcoin and Ethereum, with a
Recent analysis by IntoTheBlock has revealed a shift in Bitcoin accumulation patterns, showcasing a surge in net inflows to the largest wallets despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD). Holders with control of at least 0.1% of the total Bitcoin supply increased their holdings by 7,130 BTC in a single day,
Bitcoin recently faced a significant rejection at the $62,498 resistance level, highlighting the prevailing bearish dominance in the market. This failure to break through a critical threshold has raised concerns about potential downward trends, signaling caution among traders and investors. Despite a 31.26% increase in market capitalization, there has been a 35.43% decrease in trading
SEC Chair Gary Gensler, in an interview at the Bloomberg Investment Summit, expressed confidence in the approval process for spot Ethereum ETFs. While he did not provide a specific timeline for the approval, he mentioned that the focus is currently on asset managers making full disclosure in their registration statements. Gensler seemed optimistic about the
As Bitcoin, the leading cryptocurrency, navigates through a critical juncture, the market sentiment is divided between optimism and caution. The recent surge in the first half of 2024 saw Bitcoin surpassing the $71,000 mark, only to retreat and stabilize around $61,000, prompting discussions among analysts about the future trajectory of this digital asset. One of
The gaming-focused blockchain Oasys recently announced a strategic partnership with Vortex Gaming, a South Korean gaming community platform under Inven, a leading gaming platform in South Korea. This partnership aims to broaden Oasys’ reach in the Korean market, allowing Vortex players to access the latest blockchain-based games available on Oasys. By leveraging Inven’s extensive Korean
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a topic of interest since it first began in 2020. The trial is still ongoing, with no clear end in sight, leaving many in the cryptocurrency community wondering about the potential outcomes and repercussions. The central issue at hand
