A creative writer with a flair for storytelling and a deep interest in cryptocurrencies and blockchain technology.
Binance and its former CEO, Changpeng Zhao (CZ), are facing a new class action lawsuit filed by three crypto investors. The lawsuit alleges that the exchange failed to prevent money laundering, which, in turn, led to the plaintiffs’ inability to recover their stolen assets. The plaintiffs filed this complaint in
August 21, 2024 2 mins read
The U.S. Securities and Exchange Commission (SEC) has rejected Cboe BZX’s 19b-4 filings for two proposed spot Solana ETFs, according to the reports. This decision led to the removal of the filings from the Cboe website and prevented them from being submitted to the Federal Register, halting any progress toward
August 20, 2024 2 mins read
The U.S. presidential campaign this year has turned into a dramatic spectacle, with significant implications for global markets. As President Biden steps down, Vice President Kamala Harris has stepped in, facing a formidable challenge from Donald Trump, who is running an aggressive campaign. Interestingly, cryptocurrency has emerged as a central
August 20, 2024 2 mins read
Hong Kong lawmaker Johnny Ng Kit-chong has proposed creating a legal framework to regulate decentralized autonomous organizations (DAOs) to bolster Hong Kong’s stability in the Web3 investment landscape. Ng believes that such regulation would attract significant overseas talent and capital, reinforcing the city’s position as a global leader in digital
August 20, 2024 2 mins read
Polygon (MATIC), the Layer 2 scaling solution for Ethereum, is set for a significant transformation as it transitions from MATIC to the new POL tokens. Scheduled to occur within the next month, this change will see POL become the primary gas and staking token within Polygon’s Proof-of-Stake (PoS) network. The
August 19, 2024 2 mins read
Shiba Inu (SHIB), the world’s second-largest meme coin, has witnessed a significant decline in recent weeks, with its price falling by approximately 24% over the past 30 days. This drop has pushed its market capitalization below $8 billion, positioning SHIB as the 16th-largest cryptocurrency. Meanwhile, the coin’s burn rate—a critical
August 19, 2024 2 mins read
Toncoin (TON) has experienced significant upward momentum, trading at $6.92, following a 6.34% surge over the past 24 hours and a notable 139% increase in trading volume during the same period. Over the past week, TON has shown a 13% rise, recently reaching a 24-day high of $7.246. This price
August 19, 2024 2 mins read
Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) is once again under the spotlight as concerns grow over the potential appeal of a recent court decision. The SEC might challenge the ruling, which ordered Ripple to pay a $125 million civil penalty for violating securities laws by
August 16, 2024 2 mins read
Bitcoin, the leading cryptocurrency, continues to struggle under bearish conditions, despite recent attempts at recovery. After briefly falling below $56,100, Bitcoin has rebounded slightly and is currently trading at $58,000, reflecting a modest decline. Notably, trading volume is up by 11%. And, over the past seven days, Bitcoin has experienced
August 16, 2024 2 mins read
Ethereum has been under significant bearish pressure over the past two weeks, with the cryptocurrency hitting a seven-month low of $2,111 recently. Despite a brief recovery, Ethereum’s price currently stands at $2,640, marking a 4% decline amid decreasing trading volume. The second-largest cryptocurrency continues to face intense selling pressure. The
August 15, 2024 2 mins read