Wed, October 7

OpenSea Faces Lawsuit Over Unregistered NFT Securities

A group of OpenSea users has filed a class-action lawsuit in Miami. The lawsuit claims that the popular NFT marketplace sold unregistered securities. This legal action raises significant concerns about the regulatory landscape for NFTs. According to the lawsuit, OpenSea is accused of facilitating transactions that qualify as securities sales.

September 23, 2024 1 min read

Donald Trump Thinks Crypto has Great Future Says May Pay off US Debt

The crypto community witnessed joyful news over the weekend as Kamala Harris finally made a pro-crypto statement. The running Vice President stated that if elected president she would support Digital assets, AI, and Innovation. This has reassured the cryptocurrency community as the Democrats and Republicans have arrived at a pro-crypto

September 23, 2024 2 mins read

Deutsche Bank Poll Reveals Widespread Public Skepticism Toward CBDCs

Although several central banks worldwide are considering the possibility of introducing a Central Bank Digital Currency (CBDC). A recent poll found that most customers are not keen on utilizing such products. Therefore cash will likely remain in circulation for the foreseeable future. Around 4,850 people from the US, UK, and

September 22, 2024 2 mins read

TON Blockchain Sees Surge in Active Addresses and USDT Trading Volume

With its active addresses lately surpassing industry-leading blockchains, the Open Network (TON) protocol has continued to achieve amazing growth. In the first week of September, the number of daily active TON addresses soared to 3 million, according to statistics from the industry research portal IntoTheBlock. The research showed that this

September 22, 2024 2 mins read

IMF Releases Guidelines for Boosting CBDC Adoption with REDI Framework

Policymakers and financial institutions may find guidance on how to boost the use of central bank digital currencies (CBDCs) in a new guide issued by the International Monetary Fund (IMF). September 21 saw the release of a report titled “Central Bank Digital Currency Adoption Inclusive Strategies for Intermediaries and Users”

September 22, 2024 2 mins read

Appeal Decision Looms in Ripple vs. SEC Lawsuit Amid Rising Tensions

A possible appeal of Judge Torres’ XRP case findings is being considered, according to recent developments in the Ripple vs. SEC lawsuits. Legal counsel asserts that the SEC will wait until the last possible moment to announce its decision. Also, according to ex-SEC attorneys, the regulator will almost certainly file

September 22, 2024 1 min read

Circle Eyes IPO Launch in 2025 with Plans to Relocate Headquarters

In 2025, Circle, an issuer of stablecoins, intends to relocate its headquarters to Wall Street, as stated by CEO and founder Jeremy Allaire. The company is also proceeding with its initial public offering (IPO). In January, Circle submitted an initial public offering (IPO) application to the US Securities and Exchange

September 21, 2024 1 min read

Bank of Canada Slows Down Retail CBDC Development Amid Focus Shift

Updates on the Bank of Canada’s (BOC) website indicate that the central bank is halting development of CBDC for retail use. Although a wholesale CBDC was not mentioned in the statement, it was stressed that research was ongoing. Since the Bank of Canada has already spent a lot of time

September 21, 2024 2 mins read

Solana-based Memecoin Bonk Inu (BONK) Announces US ETP Launch

Bonk Inu (BONK), a dog-themed meme coin and built on the Solana network, has now achieved a significant milestone in the world of cryptocurrency. The meme coin made history by announcing the debut of a BONK ETP in the United States, making it the first meme coin to do so.

September 21, 2024 2 mins read

El Salvador  President Engages with Elon Musk on AI and Technology

El Salvador has firmly established itself within the cryptocurrency community, notably becoming the first country to adopt Bitcoin as legal tender. The nation has surpassed 5,800 Bitcoin in daily Bitcoin accumulation, reportedly generating over $31 million in profit. This pioneering approach reflects the country’s commitment to integrating cryptocurrency into its

September 21, 2024 2 mins read