Joseph Grundfest, a former U.S SEC commissioner and current professor at Stanford Law School, has been revealed to have strongly opposed the SEC’s action against Ripple due to the far-reaching consequences of the case. In a letter dated December 2020, Grundfest urged former SEC commissioner Jay Clayton not to sue
Digital asset investment company CoinShares stated on Monday that cryptocurrency-focused investment funds had net inflows of $326M last week, the highest weekly inflow since July 2022. According to CoinShares, the primary motivation for the adjustment is the price increase brought on by rising expectations that the United States SEC would
The Polkadot Staking Dashboard recently released a major 1.1 update packed with new features aimed at enhancing the staking experience, according to Ross Bulat, an engineer at Parity Technologies. Key additions include MetaMask support, more robust nomination management tools, configurable RPC endpoints, and validator performance metrics. The release introduces 14-day
The UK government has updated its intentions to regulate stablecoins backed by fiat currency. The paper was released on October 30 with the intent of easing and regulating the usage of fiat-backed stablecoins in UK payment networks. The paper states that in 2024, His Majesty’s Treasury plans to present explicit
The year 2023 has been a thrilling ride for the cryptocurrency market, and one of the standout moments has been the meteoric rise of memecoins. Leading players like Dogecoin, Shiba Inu, and Floki captured the limelight, and new entrants like Pepe made waves. As we examine the memecoin space, it
A crucial indicator still indicates considerable volatility for Bitcoin (BTC) despite the asset’s recent upward momentum due to the widespread expectation of the approval of a spot Bitcoin ETF. Santiment, a market intelligence firm, reports that whale activity and social volume in Bitcoin have dramatically decreased over the previous week.
Accelerating rise of Cardano’s total value locked (TVL) on the DeFi landscape is indicative of the network’s growing popularity and utilization. Cardano’s TVL has reportedly exceeded the $250 million mark, an amazing feat. This solidifies its position as one of the most rapidly expanding DeFi ecosystems. Cardano’s rising TVL is
A surprise move towards a distinct SHIB self-custodial identity has been begun by the Shiba Inu project’s developers. This news follows the successful release of Shibarium, a layer-2 scaling solution. The leading creators of the Shiba Inu project want to include Self Sovereign identity (SSI), a blockchain-based digital identification system,
Shiba Inu had an increase of 841% in outflows last week, as reported by IntoTheBlock. The Large Holders Outflow feature of IntoTheBlock monitors the withdrawal of funds from the addresses of whales and other significant holders, making it possible to detect panicked selling. Rapid withdrawals from exchanges or sales from
The recent rise in Ethereum’s price is consistent with the market’s optimistic mood. The rising price of Bitcoin, driven in part by the prospect of Bitcoin ETFs, has had a salutary effect on the broader crypto industry. As a result of the market’s upbeat outlook, Ethereum, which is already a
