Elon Musk’s Tesla maintained its Bitcoin holdings, according to the company’s quarterly financial report posted yesterday. At the present pricing, Tesla’s 9,720 Bitcoins are worth more than $275 million. Tesla has not modified its Bitcoin holdings during the previous several quarters. Investors have been on edge as they try to
October 19, 2023 1 min read
The widely utilized game platform Roblox has denied rumors that it plans to adopt XRP. Roblox’s admission comes after a number of news sources claimed yesterday that the gaming platform has “integrated” Ripple’s XRP as a payment via BitPay. Even after the tweet was taken down, however, rumors continued to
October 18, 2023 2 mins read
The SEC decided last Friday not to challenge a recent setback in the D.C. Circuit Court of Appeals. Grayscale Investments wanted to turn the Grayscale Bitcoin Trust (GBTC) into an ETF, but the SEC denied their application. Since the SEC did not appeal the decision, the court will overturn the
October 18, 2023 2 mins read
Following a vote in favor of discontinuing the Lido on Solana protocol, Lido Finance, a decentralized liquid staking platform, will cease its Solana operations. It will “begin shortly” according to a blog post published by Lido on Monday, which states that the organization will cease its Solana staking product. 65
October 17, 2023 2 mins read
Following the latest disinformation incident, the U.S. SEC may have uncovered more reasons to reject future Bitcoin ETF applications. Recent events were triggered by unfounded rumors that the SEC had approved a Bitcoin ETF from BlackRock, leading to extreme price fluctuations. The price of Bitcoin skyrocketed after the untrue story
October 17, 2023 2 mins read
To take advantage of the Web3 potential in Dubai, Solana Foundation, the non-profit behind the layer-1 blockchain Solana, has become an ecosystem partner with the Dubai Multi Commodities Centre (DMCC), the biggest free trade zone in the United Arab Emirates. According to the announcement, Solana will be able to provide
October 16, 2023 2 mins read
Recently, the Australian government announced its intention to license cryptocurrency exchanges as a means of regulating the digital asset market. The policy shift has consumer protection and innovation in the crypto sector as its stated goals. Concerns have been raised by certain exchanges, however. On October 16, the Australian Treasury
October 16, 2023 1 min read
Recent statistics indicate that widespread use of XRP is still in its infancy, with over 3.6M wallets holding less than 500 XRP. Nonetheless, around 17% of all XRP wallets were established since the beginning of 2023, suggesting growing interest. When compared to the previous value of $7.16 billion in October
October 14, 2023 1 min read
Investors have suffered heavy losses as a result of recent crypto market movements. The price of Bitcoin and several other cryptocurrencies has fallen recently due to concerns about geopolitical unpredictability and lackluster US macroeconomic statistics. IntoTheBlock, a blockchain data research company, says that the Ethereum network has entered a new
October 14, 2023 2 mins read
A significant hearing in the continuing legal battle between Binance, and the US SEC is likely to unfold today. The action has entered a pivotal point. And Judge Amy Jackson has issued several orders to clear outstanding motions. Including an amicus brief submitted by USDC issuer Circle. Multiple rulings clearing
October 12, 2023 2 mins read