Crypto

The Wait Continues The US Securities and Exchange Commission (SEC) has once again deferred its decision on the spot Bitcoin ETF applications submitted by ARK Invest and 21Shares and Global X. The decision for the ARK 21Shares application has been postponed to January 2024. This move by the SEC has sparked speculations of potential further […]

Bitcoin’s Recent Performance Bitcoin, the world’s leading cryptocurrency, has been experiencing a period of low volatility in recent days. After a drop from over $27,000 to $26,400 following the US Federal Reserve’s FOMC meeting last Thursday, the cryptocurrency has been trading sideways. Over the weekend, Bitcoin’s price hovered around $26,600. Although there was a brief

A Week of Prosperous Funding Last week, crypto startups witnessed a significant influx of capital, with a collective raise of over $115 million. Leading the pack was blockchain game studio, Proof of Play, which secured a whopping $33 million in a funding round spearheaded by Andreessen Horowitz. This studio has grand plans for its invite-only,

Bitcoin’s Quick Recovery Bitcoin experienced a brief dip below the $26,000 mark yesterday. However, it swiftly bounced back after the revelation of MicroStrategy’s newest Bitcoin acquisition. This week, Bitcoin had reached a 20-day peak of $27,500. Despite maintaining proximity to this level for a while, it faced a decline towards the end of the business

Chainlink’s Recent Multisig Changes Chainlink, a renowned decentralized oracle network, recently faced backlash from the crypto community due to modifications in its multisig (multi-signature) wallet. The primary point of contention was the change in the number of required signatures on the multisig wallet, which shifted from a 4-of-9 configuration to a 4-of-8 setup. This alteration

A Strengthened Alliance Core Scientific, Inc., a key figure in high-performance blockchain computing data centers and software, has announced a substantial investment from Bitmain, a leading global producer of digital currency mining servers. This investment, totaling $53.9 million, not only solidifies the bond between the two entities but also emphasizes Bitmain’s unwavering commitment to the

The Unfortunate Breach In a recent turn of events, the Mixin Network faced a cyber attack, leading to a significant compromise of its cloud service provider database. This breach has led to an alarming loss of assets, estimated to be around $200 million on the mainnet. As a direct consequence, Mixin’s Native Token witnessed a

The Sudden Dip of Bitcoin After a relatively quiet weekend, Bitcoin experienced a significant drop, plummeting to a 12-day low of just over $26,000. This decline comes after Bitcoin’s price had surged past $27,000 at the beginning of the previous week, reaching a peak of $27,500 on Tuesday. However, the cryptocurrency couldn’t maintain its momentum

Binance’s Stance Against the SEC On September 21, Binance, the world’s leading cryptocurrency exchange, submitted a 60-page petition to the court. The document highlights the company’s belief that the U.S. Securities and Exchange Commission (SEC) overstepped its boundaries when it initiated a lawsuit against them in June. The SEC’s allegations encompassed a variety of issues,

The Current State of Affairs The cryptocurrency world has been closely watching the legal tussle between Ripple and the United States Securities and Exchange Commission (SEC) for the past three years. This battle has seen both sides taking significant jabs at each other, with Ripple recently gaining an edge. The core of the dispute traces