The SEC has dropped its investigation into Paxos, the company behind the popular Binance USD (BUSD) stablecoin. This is a big win for the stablecoin industry and could have a major impact on how these digital assets are regulated in the US. A Year of Uncertainty Ends The SEC had been investigating Paxos for over…
Do Kwon, the founder of Terraform Labs, is currently facing extradition to either the US or South Korea, but his wife, Ms. Lee, just scored a major legal victory in South Korea. Court Rules in Favor of Ms. Lee A South Korean court ruled that certain real estate and officetel subscription rights, previously seized under…
The crypto market is holding its breath as we await the release of the US Consumer Price Index (CPI) data for June. This data is a big deal because it can influence the Federal Reserve’s decisions, which in turn can affect the entire financial world, including crypto. Market Jitters Before the Big Reveal The crypto…
A popular crypto trader is predicting a huge jump for Celestia, a blockchain network. They believe the price could climb to $24, a massive 231% increase from its current value. Celestia’s Potential The trader, known as Criptopaul, believes Celestia is a leader in the new world of modular blockchains. They think these new blockchains are…
A new poll suggests that Donald Trump’s pro-crypto stance could be a major factor in his potential 2024 presidential bid. Republicans Are Embracing Crypto The poll, conducted by investment firm Paradigm, shows that Republican voters are increasingly interested in financial freedom and supporting candidates who embrace cryptocurrency. The poll found that a whopping 87% of…
Venture capitalists are pouring money into the crypto world! In the second quarter of 2024, they invested almost $3.2 billion, according to Galaxy Digital. This is a big jump from the first quarter, where they invested $2.5 billion. While the number of deals slightly decreased, the amount of money invested in each deal increased significantly….
A popular crypto analyst is raising a red flag about Bitcoin’s price, suggesting that a classic indicator could determine its next move. RSI: A Cause for Concern? Benjamin Cowen, a crypto strategist with over 800,000 YouTube subscribers, is looking at Bitcoin’s Relative Strength Index (RSI). The RSI is a tool used to figure out if…
Crypto experts are buzzing about meme coins, predicting a huge surge in their value. They believe these playful tokens, like Dogecoin (DOGE) and Shiba Inu (SHIB), could be the stars of the upcoming year-end rally. Why Meme Coins Are Poised for Growth Andrew Kang, a well-known crypto expert, believes that meme coins have the best…
The crypto world just got a little bit clearer. A recent court ruling in Illinois has officially declared Bitcoin (BTC) and Ethereum (ETH) as commodities, a major win for the crypto industry. Court Confirms Commodity Status This decision aligns with the stance of the US Commodities Futures Trading Commission (CFTC), led by Chairman Rostin Behnam….
The Philippine Department of Justice (DOJ) has charged two former consultants of Coins.ph, a popular cryptocurrency exchange, with a massive crypto heist. Inside Job: Former Consultants Exploited Their Knowledge Vladimir Avdeev and Sergey Yaschuck, both Russian nationals, are accused of using their insider knowledge to steal 12.2 million XRP, worth around $7 million. They allegedly…
