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Exploring the World of Crypto and Blockchain: Insights and Trends

Introduction to Cryptocurrency and Blockchain Cryptocurrency and blockchain technology are at the forefront of the digital financial revolution, fundamentally altering how transactions are conducted and recorded across the globe. At…

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Bloomberg analyst refutes controversial allegations against Coinbase, says BlackRock is ‘not messing around’
  • September 16, 2024

Bloomberg senior ETF analyst Eric Balchunas refuted recent allegations against Coinbase that claimed the exchange was not using BlackRock’s funds to buy actual Bitcoins (BTC). The rumors surfaced on social media…

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Bhutan fourth largest Bitcoin holder among countries with 13,029 BTC stash

The Royal Government of Bhutan holds 13,029 Bitcoin (BTC), worth roughly $755 million at current prices, according to on-chain data gathered by Arkham Intelligence. Additionally, wallets tied to the Himalayan…

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Lawmaker calls on CFTC to regulate election markets as Polymarket activity falters amid uncertainty

Congressman Ritchie Torres has called on the Commodity Futures Trading Commission (CFTC) to regulate election-related prediction markets rather than blocking them. In a letter addressed to CFTC Chair Rostin Behnam,…

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Binance co-founder Changpeng Zhao to be released from US custody on Sept. 29

Changpeng Zhao, co-founder of Binance, is set to be released from US custody on Sept. 29, according to the US Federal Bureau of Prisons website. Zhao is currently serving a…

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Bitcoin transactions plummet by over 50% in a week

There has been a notable drop in the total number of Bitcoin transactions in the past week. Between Sept. 8 and Sept. 11, it decreased from 909,000 to 412,000, showing…

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Ripple, Hedera, Aptos team up for MiCA compliance in EU and sustainability push

The DLT Science Foundation (DSF) announced the launch of the MiCA Crypto Alliance on Sept. 16, with Hedera, Ripple, and the Aptos Foundation as founding members, according to a statement…

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Polymarket bets near $1 billion on 2024 election winner, but liquidity hurdles loom

Polymarket has accumulated nearly $1 billion in bets on the United States 2024 presidential election winner. Data from the platform currently ranks Vice President Kamala Harris, a Democratic presidential candidate,…

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Bitcoin fees stabilize in September after August spike

Bitcoin fees have been remarkably stable throughout September, given the sharp spike they experienced in late August. On Aug. 22, fees spiked to 100 BTC ($6.086 million), a significant departure…

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Bitcoin inflows surge to $436 million while ETF volumes remain below average

Crypto investment products experienced a sharp turnaround last week, with inflows reaching $436 million to partly reverse weeks of previous outflows totaling $1.2 billion, according to CoinShares‘ latest weekly report,…

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SOPR shows long-term holders are taking profits

In the past week, spent output profit ratio (SOPR) data showed the market was in a profit-taking phase, influenced mainly by long-term holders. Between Sept. 6 and Sept. 13, Bitcoin’s…

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TRON DAO partners with Tether to freeze $12M USDT in anti-crime push

TRON DAO, the decentralized organization behind the TRON blockchain, announced that the newly formed T3 Financial Crime Unit (T3 FCU) task force has already frozen over $12 million in USDT…

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Crypto custody is a growing market that could flourish if Trump wins

Hackers and fraudsters are attracted to crypto like flies to honey. This makes crypto custody a high-stakes business, as opposed to custodying traditional assets like stocks and bonds, which is…

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SBF files appeal seeking to reverse conviction over allegations of judicial bias

Sam Bankman-Fried (SBF), co-founder of the collapsed crypto exchange FTX, has filed an appeal challenging his fraud conviction on Sept. 13, arguing that the trial was tainted by judicial bias…

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Blockchain gaming sets new record with 4.2 million daily active users in August

Blockchain gaming has reached a new milestone with 4.2 million daily active users in August, according to a recent DappRadar report. The web3 gaming industry saw a 5% increase in daily unique…

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Australia’s proposed misinformation bill criticized for vague language

Australia’s Communications Legislation Amendment (Combatting Misinformation and Disinformation) Bill 2024 continues to ignite heated debate, with critics arguing that the bill risks stifling free speech. The proposed bill, which targets…

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The SEC ‘regrets confusion’ it may have invited stating some tokens are securities

The US Securities and Exchange Commission (SEC) has filed an amended complaint against Binance in the District of Columbia, introducing procedural updates and legal modifications to its original filing. The…

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US lawmaker proposes joint CFTC-SEC committee to unify digital asset regulations

Congressman John Rose has proposed a new bill to streamline digital asset regulations by creating a Joint Advisory Committee co-managed by the Commodity Futures Trading Commission (CFTC) and the Securities…

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