Sue Ennis, Vice President of Hut8, recently shared her thoughts on how Bitcoin price will rise above $100,000 in the next year and how the upcoming halving will impact BTC miners. Ennis believes that if Bitcoin were to capture even 2 to 3% of gold’s market cap, it would be incredibly accretive to the price […]
The US Securities and Exchange Commission (SEC) has taken legal action against media and entertainment company Impact Theory for conducting an unregistered offering of crypto asset securities as Non-Fungible Tokens (NFTs). Impact Theory raised approximately $30 million from hundreds of investors, including those across the United States.The SEC’s order reveals that Impact Theory introduced three […]
OnlyFans’ parent company, Fenix International Limited, has invested nearly $20 million into Ethereum (ETH) to diversify its portfolio. According to a recent financial filing, Fenix International purchased Ethereum worth $19.89 million between 2021 and 2022. However, due to the ETH price dropping in the second half of 2022, the value of the firm’s ETH holdings […]
India-based crypto exchange WazirX has temporarily suspended Indian Rupee (INR) withdrawals from its trading platform. The exchange has reportedly partnered with an alternate payment service provider, and a “phased rollout” is already underway.Customers of the largest Indian crypto exchange by volume have not been able to withdraw INR for over 24 hours. According to the […]
The Federal Reserve is seemingly running interference with congressional efforts to regulate stablecoins, according to a letter recently sent to Fed Chairman Jerome Powell from Chairman of the U.S. House of Representatives Financial Services Committee Patrick McHenry and subcommittee chairs French Hill and Bill Huizenga. The legislators were objecting to two Fed letters: SR 23-7 […]
The crypto world has been abuzz with speculation after a previously unidentified Bitcoin wallet amassed $3 billion in BTC. Data reveals that the wallet belongs to Robinhood, the popular investing and trading platform.The wallet is now the third-largest in the world, behind Binance and Bitfinex, which possess Bitcoin holdings of $6.4 billion and $4.3 billion, […]
Stargate, the leading omnichain liquidity layer and native asset bridge, has now deployed on Kava Chain, the Cosmos-Ethereum interoperable layer one. This integration will expand the reach of Tether’s Cosmos-native USDt, issued exclusively on the Kava Chain, to the Ethereum ecosystem and beyond. Stargate’s success in connecting Ethereum networks is unmatched, with 300 times more […]
The Shiba Inu (SHIB) ecosystem has achieved a major milestone with the successful launch of its layer two scaling solution, Shibarium. Lead developer Shytoshi Kusama has invited the Shibarmy to test the network and proceed with caution. As of Monday, the network has facilitated more than 371k transactions and over 66.99K wallets have been created.The […]
The US Securities and Exchange Commission (SEC) has charged Los Angeles-based media and entertainment company Impact Theory, LLC with offering unregistered securities in the form of NFTs. The company had raised over $30 million from investors in the US, emphasizing that it was “trying to build the next Disney” and that it would deliver “tremendous […]
Donald Trump’s non-fungible token (NFT) series has seen a surge in prices following his arrest in Atlanta, Georgia. Trump was arrested on allegations of attempting to overturn the results of the 2020 presidential election in Georgia. After he posted his mugshot to a social media platform, the price floor of his NFT collection jumped from […]
