The Australian Securities and Investments Commission (ASIC) has launched a lawsuit against eToro, a stock and crypto trading platform. This is over allegedly allowing its users to engage in “high risk” leverage derivative products, specifically CFDs. On Thursday, August 3rd, ASIC released a statement claiming that eToro Aus Capital Ltd.
As of today, the pace at which Litecoin is being issued has decreased by half, an occurrence known as “the halving.” Litecoin follows Bitcoin’s lead in going through the halving cycle every 4 years. The block reward for verifying blockchain transactions is halved during a crypto-halving event. After the event,
According to a Reuters article, Worldcoin intends to increase its presence in the market by making its iris-scanning and identity verification technology available to governments and corporations. According to the article, Ricardo Macieira, general manager for Europe at Tools For Humanity (the firm behind the Worldcoin initiative), said that the
BlackRock, a firm that manages $9 trillion in assets, is under investigation by the US government for possible illegal Chinese investments. Legislators are concerned that Americans’ retirement savings are being used to prop up Chinese companies that the United States has blacklisted due to security and human rights concerns. According
There are now six Ethereum Futures ETFs pending clearance from the U.S Securities and Exchange Commission. Several big participants are vying for dominance as they seek approval for an Ethereum futures ETF. These are from Volatility Shares, Bitwise, Roundhill, VanEck, Proshares, and Grayscale. On August 1st, Bloomberg’s senior ETF analyst
With further assault on the company’s “blue chip” Bored Ape Yacht Club NFT collection, ApeCoin, which powers Yuga Labs’ vast Otherside metaverse game and other apps, hit a record low on Tuesday. According to CMC, the value of ApeCoin, dropped to $1.77 late Monday and early Tuesday. The token had
FTX co-founder Sam Bankman-Fried is currently in a legal battle that has sparked a debate over First Amendment rights. He contends that his potential imprisonment would violate his freedom of speech. This has led to a discussion about the boundaries of expression during ongoing legal proceedings. Bankman-Fried has been under
Ryan Adams, Founder of Bankless recently tweeted on Ethereum blockspace stating that AI agents will get to the primary consumers by the 2030s. AI would serve the human nation with needed services is the expectation. AI agents will be the primary consumers of Ethereum blockspace by the 2030s. AIs have
The crypto market has experienced massive growth globally with significant developments recently. In the first half of 2023, the number of crypto owners surged by 21%, rising from 425 million in December 2022 to 516 million. During this period Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has shown remarkable
One topic has dominated coverage of the cryptocurrency industry in recent weeks. Among cryptocurrency enthusiasts, the approaching Litecoin Halving has become the most awaited event. In addition, as anticipation for the event grew, its value increased to $110 on June 30. Moreover, the price is facing high volatility as investors
