Feb 23 2024
Chainlink’s LINK token has surged 38% since late January, propelling it to a 24-month peak, with its market cap reaching $10 billion. A mysterious whale has recently been accumulating Chainlink (LINK), according to Lookonchain. The unidentified entity, potentially an institutional player, has withdrawn 2.7 million LINK tokens from the cryptocurrency exchange Binance using 49 new …
Feb 23 2024
The cryptocurrency market continues trending upward in the first months of 2024. For the first time since April 2022, the total market capitalization has exceeded the $2 trillion mark. Bitcoin is leading the pack, charting an increase of around 20%, while the majority of altcoins are lagging behind. The frontrunner of Decentralized Finance (DeFi), Ethereum, …
Feb 22 2024
Hester Peirce, a commissioner for the United States Securities and Exchange Commission (SEC), has expressed her disagreement with the agency’s denial of a petition to amend a rule that prevents defendants from denying any allegations in settlement enforcement actions. The gag rule is a part of the SEC’s policy adopted in 1972, which requires defendants …
Feb 22 2024
Citi is experimenting with tokenized securities on the blockchain to bolster the adoption of distributed ledger technology on Wall Street. The bank collaborated with Wellington Management and WisdomTree – a crypto-supportive ETF sponsor – to initiate its “proof of concept” for the program. Based on the results of the “simulation,” the bank will determine whether …
Feb 22 2024
Sora is OpenAI’s new AI model aimed at generating videos from text prompts. The release saw some of the most popular internet personalities engage, including but not limited to Marques Brownlee, MrBeast, Elon Musk, and many, many more. In essence, it’s a text-to-video. You prompt it with instructions, an video is generated. The firm is …
Feb 21 2024
Stacks, a Bitcoin Layer 2 solution, had major growth over the last year with a 3,386% quarterly and 3,028% annual increase in its revenue, reaching $637,000. The market capitalization of Stack’s native cryptocurrency, STX, experienced a significant surge of 203%quarter and an impressive 598% year-over-year, reaching a milestone of $2 billion. The report highlights Stacks’ …
Feb 21 2024
Bitcoin reached a new all-time high in Argentina, soaring to a record valuation of 40 million pesos per BTC. Digital assets are slowly emerging as a beacon of financial resilience and stability for many citizens. Argentina has a history of economic instability marked by frequent currency devaluation, complicating savings and financial management for its residents. …
Feb 20 2024
Cathie Wood’s asset manager Ark Invest wants to bake staking into its proposed Ethereum Spot ETF. Ark said it expects to stake Ether from its cold vault balance, as held by Coinbase. Staking rewards would vary widely based on network conditions, and would be reportable to shareholders as taxable income. The proposal adds a juicy …
Feb 20 2024
Cypriot court rules to extradite mining entrepreneur Beny Steinmetz to Romania. He has been sentenced to five years in prison for conspiring to corruptly obtain former royal lands. His representatives say they will appeal the decision to the country’s Supreme Court. Judge Michalis Michael says there was a risk of his fleeing justice, as he …
Feb 20 2024
South Korea logged 16,076 instances of reported crypto transactions suspected of links to activities like money laundering, market manipulation, or illicit drug trading in 2023. Authorities in the country received almost 49% more alerts of potentially suspicious transactions from crypto service providers in 20 23 compared to the previous year. The FIU attributed this rise …