June 10, 2024, saw major trading activity at Ark Invest, headed by Cathie Wood, including a large sell-off of Robinhood Markets Inc. (HOOD). Regardless of the cryptocurrency exchange’s purchase of Bitstamp, the company has persisted in selling off Robinhood shares. In addition, after Ark Invest’s sale of more than $7.5
June 11, 2024 1 min read
Following what seems to be the theft of $22 million in a cyberattack, UK-based crypto exchange Lykke has decided to cease its trading services. The security precautions put in place by crypto exchanges are called into question by this upheaval in the crypto sector. After the well-known web investigator SomaXBT
June 11, 2024 1 min read
As far as the Cardano ecosystem is concerned, its founder Charles Hoskinson expects a big event to take place around June. According to Hoskinson’s June 9 X announcement, Cardano Node is expected to reach version 9.0 this month, and the Chang fork is coming soon. This signifies that 70% of
June 10, 2024 2 mins read
The BRICS nations are moving on with their plan of currency sufficiency scheme by exploring the possibility of creating their own autonomous payment system. Amelia, a crypto aficionado, was the first to notice a research paper claiming that Russian President Vladimir Putin had declared the bloc’s alternative currency plan to
June 8, 2024 1 min read
In May, the largest amount since February 2022—the total value locked (TVL) in decentralized finance (DeFi) applications—reached $192 billion, according to a report by blockchain analytics company DappRadar. There was a 21% drop in the number of distinct active wallets using DeFi, even though TVL increased. May saw a 17%
June 7, 2024 1 min read
Crypto Exchange Binance, has removed a restriction that had been in place for 10 months that prevented users from using Mastercard to buy cryptocurrencies. With this change, Mastercard holders may freely buy digital assets using their cards. In August 2023, Binance users were no longer able to utilize Mastercard. Binance
June 6, 2024 2 mins read
Final approvals for asset managers providing spot Ethereum (ETH) exchange-traded funds (ETFs) on exchanges may be delayed, according to U.S SEC Chair Gary Gensler. While appearing on CNBC on June 5, Gensler hinted that the SEC may be dragging its feet in approving spot Ether ETFs, saying that the following
June 5, 2024 1 min read
Coinbase, a crypto exchange, has unveiled its smart wallet to consumers, along with other benefits, with the intention of smoothly onboarding new users. This follows other developments in the crypto sector that aim to improve compatibility, security, and speed. Today, Coinbase finally announced their smart wallet, which is supposed to
June 5, 2024 1 min read
There has been tremendous support for the Genuine Labs Community Spend Proposal from the Terra Luna Classic (LUNC) community. Nearly no one voiced opposition to the proposal, and it was approved with a 99.98% acceptance rate on June 3, 2024. It is anticipated that this vote will have a major
June 3, 2024 2 mins read
Michael Saylor, a billionaire Bitcoin advocate and founder of software company MicroStrategy, and the District of Columbia have negotiated an unprecedented $40 million settlement. Claims of tax fraud led to the settlement. In addition, this settlement is the biggest recovery for income tax fraud in the history of the district.
June 3, 2024 2 mins read
