Sat, October 3

Crypto Market Briefly Rebounds as U.S Inflation Falls to 4%

U.S. Consumer Price Index (CPI) numbers for May 2023 were issued by the Bureau of Labour Statistics on Tuesday. The authorities said that the CPI for all urban consumers grew 0.1% in May after adjusting for seasonal factors and increased by 4% over the previous 12 months. As a result,

June 13, 2023 1 min read

SEC to Close the Submission of Public Comments on Proposals, says Gensler

The United States Securities and Exchange Commission (U.S. SEC) has updated and revised its proposals in multiple sections. Some of the releases include Proposed Rules, Concept Releases, Self-Regulatory Organization (SRO) filings, Rulemaking Petitions, Public Company Accounting Oversight Board Rulemaking, and others. Today is the last day to submit comments on

June 13, 2023 2 mins read

Whopping $174 Million Worth of BTC Transferred by Miners to Exchanges in Two Weeks

According to blockchain analytics firm Glassnode, there has been an increase in the transfer of bitcoin (BTC) from miners to centralized exchanges since May 31. Data reveals that miners or entities responsible for minting coins by verifying transactions on the blockchain have moved a total of 6,671.99 BTC ($174 million)

June 13, 2023 2 mins read

eToro Suspends Several Crypto Purchases in U.S Post SEC Ruling

Algorand (ALGO), Decentraland (MANA), Polygon (MATIC), and Dash (DASH) purchases on the retail trading platform eToro have been temporarily disabled for customers located in the United States as a result of a recent lawsuit from the Securities and Exchange Commission (SEC) designating these tokens as securities. A few days before,

June 13, 2023 2 mins read

Binance U.S Recruits Former SEC Official Amid SEC Lawsuit

A former enforcement officer has reportedly been recruited by Binance US as part of its legal team to help defend itself against claims of operating as an unregistered securities exchange amid a lawsuit filed by the United States Securities and Exchange Commission (SEC). George Canellos, previously of the SEC and

June 13, 2023 2 mins read

Jack Dorsey’s Hopes for Twitter to Adopt Bitcoin Technology

Twitter founder Jack Dorsey has given his first interview since stepping down from the board last year. He hopes that the social media platform Twitter adopts technology like Nostr and the world’s largest cryptocurrency by market capitalization, Bitcoin. On Monday, Jack Dorsey gave an interview on a YouTube channel. In

June 13, 2023 1 min read

JPMorgan to Settle $290M Resolving Lawsuit from Epstein Case

JPMorgan Chase & Co, the financial services in New York City, America has been alleged to pay a tentative settlement of around $290M. This is due to the lawsuit raised against them and resolving the sexual abuse victims of Jeffrey Epstein, a financier. However, this Monday, the claim has been

June 13, 2023 2 mins read

Polygon’s zkEVM Beta Hits 100K Wallets, Setting New Adoption Record

Polygon’s zkEVM Beta has achieved a significant milestone, as it now boasts an impressive count of 100,000 unique wallets. This accomplishment is a testament to the platform’s growing popularity and the increasing adoption of its technology. Polygon zkEVM Beta has reached 100K unique wallets👀 pic.twitter.com/LGwbK25s3b — Narb (@NarbTrading) June 12,

June 13, 2023 2 mins read

Reddit Communities Temporarily Go Private in Protest Against API Fees

As a form of protest against Reddit’s contentious charges against developers of third-party applications, some communities, including major crypto subreddits, have opted to go private for 48 hours. Five of the top 10 communities on the site, with memberships of more than 30 million people each (r/gaming, r/aww, r/Music, r/todayilearned,

June 12, 2023 2 mins read

BitGo Acquisition Deal Lawsuit Against Galaxy Digital Dismissed by Court

A lawsuit filed against Galaxy Digital, a cryptocurrency investment business, was recently rejected, meaning that it would not have to pay damages related to its broken acquisition deal with crypto custodian BitGo. When announcing the court’s decision to throw out the lawsuit, Galaxy said that it was “pleased” with the

June 12, 2023 2 mins read