In Q1 2024, Figment, a cryptocurrency staking business, reported impressive results. The company unveiled the debut of its Ethereum and Solana staking Exchange Traded Products (ETPs), leading to a remarkable year-over-year surge. Figment now manages over $15 billion in clients’ staking assets, serving more than 500 institutional investors – representing a significant fivefold expansion compared … Read more
Approaching his sentencing, Binance co-founder Changpeng Zhao (CZ) penned an apology letter to Judge Richard A. Jones of the Western District of Washington. In this letter, CZ acknowledged taking full responsibility for any subpar choices he made during his time with Binance. “I regret not setting up adequate compliance controls at Binance, and I cannot … Read more
Recent data from the Bitcoin blockchain reveals that newly emerged large investors, or “newcomer whales,” now control nearly double the amount of bitcoin held by long-term investors, or “veteran whales.” Let’s explore some possible reasons for this change in market dynamics. Bitcoin Newbie Whale Holdings Have Been Rapidly Growing Recently Ki Young Ju, the founder … Read more
It’s possible that Worldcoin (WLD) may experience a notable decrease in value within the next few weeks. The team intends to offload up to 1.5 million WLD tokens during the following half-year, which could trigger substantial selling and negatively impact the token’s price. Details About The Proposed WLD Token Sale In a recent blog update, … Read more
David Schwartz, the CTO of Ripple Labs Inc, has recently disclosed information regarding his stock options during potential IPO discussions. This revelation has fueled speculation about Ripple’s intentions for going public. David Schwartz Stock Option Schwartz expressed discomfort over the riskiness of his existing stock portfolio and suggested possible steps to mitigate this risk. He … Read more
The Central Bank of Nigeria (CBN) disputes reports that it ordered banks and financial institutions to identify users of cryptocurrency exchanges. According to rumors, accounts involved in such transactions were placed on a six-month restriction list called Post No Debit (PND). However, the CBN firmly denies giving instructions for the identification of crypto traders or … Read more
There’s been much discussion in the cryptocurrency world about whether the SEC will classify Ethereum as a security in the United States. This issue has been up for debate for some time now, and different opinions have emerged from analysts and experts in the industry. New York Attorney General Fuels the Debate More recently, Metalaw, … Read more
The usage of stablecoins is rapidly increasing, as shown by the significant rise in the number of wallets holding them. Based on information from rwa.xyz, this figure has surged by 15% in 2023, reaching an all-time high of more than 93.6 million. Digital assets that hold a one-to-one value with external references such as the … Read more
Before the Bitcoin Halving occurred, the price of Bitcoins experienced significant volatility. However, following this event, BTC has recovered and surged to a new high of $66,000, causing optimistic forecasts from leading crypto experts about its potential direction. Captain Faibik, an expert in cryptocurrencies who analyzes trends and makes trades, has shared an intriguing forecast. … Read more
Solana operates on a decentralized system similar to several Proof-of-Stake (PoS) cryptocurrencies. Instead of relying on miners, it depends on validators who maintain the network’s security by locking up their SOL coins as collateral. In return for this commitment, validators are compensated with rewards. Yet, as the price of Solana started climbing upwards recently, there … Read more