President-elect Donald Trump’s forthcoming administration plans to reshape the regulatory framework for cryptocurrencies in the United States by granting the Commodity Futures Trading Commission (CFTC) authority over digital assets, including Bitcoin and Ethereum. If Congress approves, the CFTC’s expanded role will regulate the spot markets for digital commodities and oversee
The U.S. Fifth Circuit Court of Appeals has ruled that the Treasury Department’s Office of Foreign Assets Control (OFAC) overstepped its authority in sanctioning immutable smart contracts of Tornado Cash. The court found these contracts, as self-executing open-source software, cannot be classified as property under the International Emergency Economic Powers
Changpeng Zhao, the founder and former CEO of Binance, expressed his concerns over the growing popularity of meme coins, calling the trend “a little weird” in a statement made on Tuesday. Zhao’s comments come at a time when meme coins see explosive gains in 2024. However, the rise of meme
Earlier today, the largest Solana-based memecoin, dogwifhat (WIF), saw its price climb by over 15.91%, rising from a low of $3.08 to a high of $3.57 following its listing on popular crypto exchange Robinhood. This surge was triggered by a cryptic post from the exchange on Monday, featuring the iconic
Justin Sun, the founder of the TRON blockchain, has become the largest investor in Donald Trump’s crypto project, World Liberty Financial (WLFI), with a $30 million investment. Sun acquired 2 billion WLFI tokens at $0.015 each through a wallet linked to HTX (formerly Huobi), the crypto exchange he controls. Announcing
While the flagship cryptocurrency Bitcoin is hitting new highs every day, Rumble, the popular video platform known for its conservative audience, is making a significant shift in its financial strategy by investing in Bitcoin. On Monday, the company’s Board of Directors approved a plan to allocate a portion of its
Despite announcing plans for expansion in the next year, Axie Infinity maker Sky Mavis has announced the layoff of 21% of its employees. As per a report by TechInAsia, out of around 250 worldwide team members, over 50 are scheduled to be let off. CEO and co-founder Trung Nguyen stated:
The crypto market decided to take a downturn over the weekend after Friday’s price action. Leading cryptocurrency Bitcoin went on to take a brief pause from its upward rally and is currently trading at the $97K level. Subsequently, the altcoins sector also dropped modestly while also attempting to pause the
The crypto market may be in a brief slump, with the bulls taking a power nap as the market declines 0.49% over the past 24 hours. This follows a week of strong performances, highlighted by new altcoin all-time highs (ATHs) and Bitcoin‘s surge past the $99K milestone. Amid these, one
In attempts to wake up from the weekend slumber, the crypto market has begun to show modest bullish signs. This can be inferred from the overall market cap showing a 2% increase. Meanwhile, Bitcoin is currently docked at the $97K level, defying hopes of $1 million BTC this weekend. This
