Prison Sentence Changpeng Zhao (CZ), the former CEO of Binance, was sentenced to four months in prison for enabling money laundering on his crypto exchange. This was less than the three years requested by prosecutors. CZ’s Response CZ expressed gratitude for the support he received and emphasized the importance of compliance in the evolving crypto…
Deaton’s Critique John Deaton, a prominent XRP lawyer, has accused SEC Chairman Gary Gensler of misleading Congress and fostering a culture of deceit at the agency. Deaton’s allegations stem from statements made by House Financial Services Committee Chairman Patrick McHenry, who asserted that Gensler had misled Congress about the regulatory status of Ether. Deaton claims…
Why Vitalik Buterin Doesn’t Use Hardware Wallets Ethereum founder Vitalik Buterin has raised concerns about the reliance on hardware wallets for crypto security. He believes that hardware wallets can introduce human error risks, such as losing or forgetting seed phrases. Buterin’s Multisig Approach Buterin prefers to use a multisig configuration, which requires multiple keys to…
Crypto analytics firm Santiment predicts that Ethereum (ETH) and related altcoins could rally sooner than expected. Ethereum’s Low Transaction Fees Santiment highlights Ethereum’s average transaction fee, which has fallen to its lowest level since October 2023. This indicates that Ethereum is potentially forming a bottom. Altcoins Show Signs of Strength Santiment also observes that altcoins…
Google Cloud, the cloud division of Google, has announced a partnership with blockchain project Sui to enhance Web3 security, scalability, and user experience. Key Initiatives The partnership will focus on four key initiatives: Data-driven dApps: Leveraging data to optimize decentralized applications (dApps). AI-enhanced development: Utilizing AI to improve developer tools and streamline development processes. User…
Crypto analyst Ali Martinez sees potential for a rally in Chainlink (LINK) based on a technical indicator. Bullish Signal for LINK According to Martinez, the Tom DeMark (TD) Sequential indicator is showing a bullish signal for LINK on the 12-hour chart. This indicator predicts potential price reversals. Target Price Martinez predicts LINK could rise to…
Abra CEO Bill Barhydt predicts a staggering $50 trillion market capitalization for digital assets within a decade. The catalyst for this surge? The tokenization of real-world assets (RWAs). Tokenization Revolution Barhydt believes that tokenizing RWAs, such as real estate, stocks, and bonds, will make them fungible and accessible to a wider range of investors. This…
A New Era for Crypto The US Congress is considering legislation that could have a bigger impact than the introduction of spot Bitcoin ETFs. Bitwise CIO Matt Hougan believes that 2024 could bring “groundbreaking” legal frameworks that will pave the way for widespread adoption of stablecoins. Stablecoin Regulation on the Horizon Congresswoman Maxine Waters has…
Lawsuit Sparks Debate Consensys, a blockchain software company, has sued the SEC, claiming that Ethereum (ETH) is not a security. This has raised questions about the SEC’s regulatory approach to cryptocurrencies. Consensys’ Unrealistic Demands Consensys is asking the court to declare that: ETH is not a security. Any SEC investigation or enforcement related to ETH…
Shibarium’s Surge Shiba Inu’s layer-2 network, Shibarium, has seen a huge boost in activity. The number of active accounts jumped by over 144% and new transactions skyrocketed. This is great news for SHIB, as Shibarium plays a key role in its success. ShibaSwap’s Expansion ShibaSwap, SHIB’s decentralized exchange, is expanding to Shibarium. This should bring…
