Investors in Stellar Lumens (XLM) have reason to celebrate as the cryptocurrency sees a resurgence in July. After facing significant downside moves for over a year, XLM has experienced a strong recovery rally, with a remarkable month-on-month gain of +60%. This upward momentum has emboldened long-standing holders and provided much-needed relief. In this article, we
In a recent development, Binance has moved to dismiss the charges filed against it and CEO Changpeng ‘CZ’ Zhao by the U.S. Commodity Futures Trading Commission (CFTC). Binance argues that the CFTC acted outside its powers and failed to establish personal jurisdiction. According to Binance, the CFTC’s complaint should be dismissed because it did not
In a world where gaming has become an integral part of our lives, Crazy Crypto Football emerges as a pioneer in revolutionizing the gaming industry. This cutting-edge blockchain-powered game takes the excitement of football and combines it with the unique ownership experience of NFT collectibles. With its official launch, Crazy Crypto Football introduces players to
The Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has once again expressed his concerns about the cryptocurrency sector, highlighting its prevalence of fraud and inadequate investor protections. In an interview with BBTV, Gensler acknowledged the presence of reputable actors in the industry but emphasized the speculative nature of the crypto market
The fashion industry has always been at the forefront of innovation and experimentation, constantly pushing the boundaries of creativity. In a world where digitalization is becoming increasingly prominent, MNTGE, a digital fashion brand, has unveiled its newest product that seamlessly blends the digital and physical realms – the Patchwork collection. This limited edition collection of
The House Financial Services Committee (HFSC) faced significant challenges in reaching an agreement for stablecoin legislation on Thursday. A number of disagreements between Democrats and Republicans hindered progress, resulting in a deadlock. Committee Chair Patrick McHenry (R-NC) pointed the blame at the White House for stalling the bill, while Democrats accused Republicans of trying to
In a surprising turn of events, the Optimism network has overtaken Arbitrum in transaction volume after a six-month lull. This breakthrough comes as Worldcoin launched on Optimism, propelling it to the forefront of layer 2 solutions for Ethereum. This shift in dominance marks a significant development in the world of blockchain technology. Data from blockchain
When it comes to crypto investments, the hope is obviously always that a coin’s price will increase over time. This hope, particularly prevalent for meme coins, comes from an economic principle known as the “Castle in the Air Theory”. The theory suggests that investors build hypothetical scenarios for potential price increases rather than focusing on
Block.one (B1), the creator and original seller of EOS (EOS), is facing yet another legal battle. The EOS Network Foundation (ENF) founder and CEO, Yves La Rose, believes that this latest legal action could potentially lead to higher compensation for the plaintiffs. In a recent announcement, La Rose revealed that ENF is preparing a lawsuit
Luxury fashion brand Gucci has recently introduced an exciting rewards program for individuals who possess Gucci Vault Material NFTs. Unlike its regular customers, these lucky NFT holders will have the opportunity to acquire highly sought-after physical items exclusively. This move by Gucci has heightened the desirability of the company’s products, as these unique items will
In today’s rapidly evolving world, businesses across various sectors are constantly seeking innovative solutions to enhance customer satisfaction and improve operational efficiency. This holds true even for the financial industry, as the rise of cryptocurrencies has fundamentally changed the way we conduct business transactions. While cryptocurrencies have traditionally been associated with consumer-focused sectors, the potential
In a surprising turn of events, Twitter has undergone a sudden rebranding, now known as X Corp. This unexpected move has left many people bewildered, but it appears that Elon Musk has had a grand vision for the platform for quite some time. Let’s delve into what we know about Musk’s plans for transforming the
The U.S. Accountability Office (GAO) has recently released a report titled “Blockchain in Finance”, which sheds light on the pressing need for comprehensive regulation in the crypto industry. The report highlights the significant regulatory gaps that exist, particularly in relation to spot cryptocurrency markets and stablecoins. While the potential benefits of blockchain technology, such as
In a recent interview, Stuart Alderoty, the Chief Legal Officer (CLO) of Ripple, discussed the potential implications of a favorable ruling on the securities status of the XRP token. This ruling, which went in favor of Ripple in mid-July, could play a significant role in two ongoing cases initiated by the U.S. Securities and Exchange