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The US Securities and Exchange Commission (SEC) has given the green light to Bank of New York Mellon Corp (BNY Mellon) to offer services in relation to digital assets, which may go beyond Bitcoin and Ether ETFs. SEC Chair Gary Gensler said that the approach that BNY Mellon is implementing is not restricted to particular…
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The U.S. House Foreign Affairs Committee has passed a resolution demanding the immediate release of Tigran Gambaryan, the head of financial crime compliance at Binance. Gambaryan, a former U.S. Internal Revenue Service agent, was detained by Nigerian authorities in February, along with another Binance executive, amid allegations of illegal financial activities by the exchange. The…
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LUNC News: Terra Luna Classic Community Proposes USTC Burn The Terra Luna Classic community has recently put forward a proposal to burn USTC tokens, gaining significant traction among market participants. This initiative follows TerraForm Labs’ recent decision to wind down operations and burn remaining assets, which has drawn considerable attention from community members. The proposal…
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Elon Musk’s X is reportedly seeking a second chance to resume its services in Brazil, sparking discussions in the broader tech sector. According to sources with knowledge of the matter, the social media platform has requested the Supreme Court of Brazil to allow resume its services in the region. Notably, Elon Musk has recently been…
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Leverage Shares, a pioneering Exchange Traded Product (ETP) issuer, has chosen to expand its offerings to include MicroStrategy ETF 3X Leverage ETF. Noteworthy, the firm is interested in both the long and short version of the product. Leverage Shares Takes a Leap With MSTR The two products which went live on the London Stock Exchange…
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POL Token Surges 5% Following Polygon’s Ahmedabad Upgrade The native token of Polygon, POL, saw a 5% price increase after the network implemented its Ahmedabad upgrade for the Proof-of-Stake (PoS) mainnet. This update aims to enhance the experience for both developers and users, potentially driving increased adoption of the network. Ahmedabad Upgrade Introduces Key Improvements…
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Decentralized protocol, Onyx is facing a major breach as bad actors drained $3.2 million sparking user fears. This adds to the recent cases of hacking activities in the crypto market as global authorities ramp up scrutiny. Some commentators say the infamous trend will dampen sentiment amid rising institutional investment. Onyx Hack Losses Hit $3M OnyxDAO…
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Crypto exchange Binance has expanded trading support for the Telegram-based play-to-earn game Hamster Kombat, generating excitement across the crypto market. The leading exchange announced it would add the HMSTR token to several of its products including Earn, Buy Crypto, Convert, and Margin trading. Meanwhile, HMSTR also launched for trading on other global crypto exchanges today.…
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With the anticipated launch of Ripple’s stablecoin RLUSD, the XRP community is coming up with wild speculations. One such speculation was a community member noting that the XRP price would hit $1M if an XRP drop is worth $1. This conjecture was built on XRP developer Vet’s sarcastic comment that 1 RLUSD is worth $1. …
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DOGE News: Market sentiments orbiting Dogecoin (DOGE) price appear to have taken a paradigm shift on Thursday, turning bullish against the backdrop of on-chain data and Elon Musk’s comments. Crypto market analyst Ali Martinez revealed that Dogecoin whale accumulations soared remarkably in recent days as over 1.40 billion tokens were sacked. Simultaneously, the dog-themed crypto’s…