Mark Cuban, renowned billionaire, co-host of Shark Tank, and owner of the Dallas Mavericks basketball team, recently retweeted an article that discusses former SEC cyber chief Robert Cohen’s critique of current SEC chair Gary Gensler regarding his actions against crypto companies. Cuban’s retweet signifies his support for the crypto industry
Kevin O’Leary, a star of “Shark Tank” and stakeholder in FTX, has said that he would dismiss Coinbase CEO Brian Armstrong in light of the recent crackdown by the US Securities and Exchange Commission. For “butting heads” with the US SEC, O’Leary had harsh words for Armstrong. Coinbase CEO Brian
On Monday, Swyftx, a cryptocurrency exchange based in Australia and New Zealand, announced that it will be listing the Bone ShibaSwap (BONE) token. The Shiba Inu ecosystem uses BONE, a token built on the Shibarium Layer-2 blockchain, as its governance and gas token. BONE’s (BONE) 3% decrease in trading volume
The Shiba Inu token (SHIB), previously hailed as the “Dogecoin Killer,” is currently facing challenges as the cryptocurrency market contends with regulatory scrutiny. SHIB has experienced a decline of approximately 20% in its value, resulting in a price level of $0.000006 and diminishing its profitability to a modest 7%. Consequently,
Puppynet, the Shibarium Beta Testnet, has witnessed a substantial rise in transaction volume in the past month. The latest reports indicate that Puppynet, the Shibarium beta, has reached a significant achievement by processing a total of 20,514,524 (20.51 million) transactions. Daily, the network handles an average of 491,994 transactions. Despite
Peter Schiff, an economist and gold obsessive, has returned with more dire predictions for the American economy. On Friday, he tweeted that the Federal Reserve had ruined the American financial system, pointing out that without government intervention, it would fail. As Schiff put it: “Bank of America pays just .05%
Despite a global crackdown on crypto assets, demand for tether (USDT) has been robust in Turkey since early May. The Turkish lira has performed significantly worse than the big cryptocurrencies, a recent report from Bloomberg notes. Longtime Turkish President Recep Tayyip Erdogan was reelected. Moreover, the country’s national fiat currency
The cryptocurrency market has been shaken by regulatory battles, with tokens such as XRP, Polygon (MATIC), and Cardano (ADA) finding themselves caught in the midst of the turmoil. Accused of engaging in securities trading on non-compliant exchanges, these coins have endured significant price volatility. However, their remarkable resilience suggests the
In the last 24 hours, there have been reports indicating that a significant amount, equivalent to 25,000 stETH or approximately $43 million, was deposited by a whale into the Aave platform. Additionally, during the same period, borrowed a substantial amount of 35 million USDT from Aave. Furthermore, according to the latest
Last week, the global crypto market staged one of the wild altcoins’ bloodbaths since the Terra Luna collapse in 2022. The ongoing ‘SEC vs Crypto’ predominantly initiated this crypto crash. Numerous cryptocurrencies have plunged to the bottom, hitting new all-time lows (ATL) on Saturday. After being tagged as securities, ADA,
