Ad The following is a guest post from Anndy Lian. SEC Chair Gary Gensler reiterated that Bitcoin is not a security but a commodity under the Commodity Futures Trading Commission (CFTC) purview. He also stated that “everything else other than bitcoin is a security,” which has significant implications for regulating cryptocurrencies and digital assets in the…
Ad Gamium Corp token (GMM) rose over 600% in the last 24 hours to a new all-time high of $0.00437 in the previous 24 hours, according to CryptoSlate’s data. The token’s value had retraced to $0.00299 at press time. The surge in price follows from the protocol scoring a collaboration with Meta and a misconstruction…
Ad Liquity protocol’s native token (LQTY) has posted a 32% gain in the last 24 hours following a listing announcement by Binance. Liquity is a decentralized borrowing protocol that allows users to borrow LUSD stablecoin and LQTY. Users can receive interest-free loans using ETH as collateral. Binance to list LQTY Leading crypto exchange Binance announced…
Ad Ethereum has completed the “Shapella” upgrade on its Sepolia testnet, according to tweets from various Ethereum developers on Feb. 28. The upgrade was completed at epoch 56,832 at 4:04 a.m. UTC as planned. The name “Shapella” is a portmanteau, referring to the fact that the upgrade combines two related upgrades: Shanghai (which adds features…
Ad Yuga Labs will release a series of artistic cryptocollectibles on Bitcoin’s Ordinals protocol, according to an announcement from the company on Feb. 27. The collection is titled TwelveFold and will feature 300 pieces of generative art — that is, images that have been created through the use of algorithms. Each image in the TwelveFold…
Ad A unique prize NFT tied to Yuga Labs’ Dookey Dash game has sold for $1.6 million, according to a tweet from the original holder on Feb. 27. Twitch streamer Faze Mongrall said that he sold the item to billionaire metal recycling and crypto mining entrepreneur Adam Weitsman for 1,000 ETH ($1.6 million). Mongrall was…
Ad Trading app provider Robinhood was subpoenaed by U.S. securities regulators late last year, according to a filing submitted by the company on Feb. 27. In that filing, Robinhood said it received an investigative subpoena from the U.S. Securities and Exchange Commission (SEC) concerning various matters such as cryptocurrency listings, crypto custody practices, and platform…
Ad Binance denied on Feb. 27 that its alleged decision to transfer $1.8 billion of stablecoin collateral to hedge funds had any impact on user holdings. In a statement made to Forbes, Binance chief strategy officer Patrick Hillman strongly implied that user funds were not used to those ends. He said: “There was no commingling,”…
Ad Author and investigative reporter Annie Jacobsen tackled the questions of whether Bitcoin is part of a counter-cultural dissident movement and whether cryptocurrency been infiltrated by the CIA during a recent episode of the Bankless podcast hosted by Ryan Adams and David Hoffman. While Jacobsen is well known for reporting on topics like national security, intelligence,…
Ad Bitcoin and other risk-on assets are under short-term pressure as the macro narrative flips from recession to sticky, entrenched inflation. Sticky inflation Markets are braced for an imminent recession. However, current macro analysis suggests a recession may not be coming, at least not in the short term. Instead, analysts expect a period of sticky,…