PLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why the decision was predictable. Original
Digital asset expert and Vertalo CEO Dave Hendricks discusses a variety of trending topics, including PayPal, Bitcoin ETFs, the U.S. Securities and Exchange Commission (SEC) and the tokenization of art. What was your reaction to PayPal’s recent announcement regarding the launch of a new stablecoin built on the Ethereum blockchain? Hendricks: Truly algorithmic stablecoins capable of real-time valuation and presentation are an existing innovation in capital formation, preservation, and settlement of transactions. Obviously, all stablecoins require substantial computing power and for them to be trusted they should be issued and…
Bitcoin (BTC) is on track to form two successive Doji candlestick patterns on the weekly charts but a positive sign is that the price is sustaining above the 20-week exponential moving average ($28,072). This suggests that the bulls have not lost their grip. Popular trader TechDev used the three-week timeframe to show that Bitcoin’s compression above the 20-period moving average was approaching values seen only four times since Bitcoin’s creation. Interestingly, on all three previous occasions, the expansions happened to the upside, suggesting that history favors the bulls. Crypto market…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied John Reed Stark, founder and chief of the Office of Internet Enforcement at the U.S. Securities and Exchange Commission (SEC), claims the agency will only approve Bitcoin spot ETF after 2024. Stark weighed in on the current regulatory environment in a lengthy post on X, formerly known as Twitter: Will the SEC Approve Any Of The Recent Bitcoin Spot ETF Applications? People often ask for my opinion on whether the SEC will approve any of the…
The decentralized finance (defi) sector has seen rapid growth, innovation, and occasional debates. For instance, the U.S. Securities and Exchange Commission (SEC) recently sued HEX, a move that saw the token’s price plunge. Amid this, defi investors and analysts are examining InQubeta and its ongoing presale. InQubeta plans for defi InQubeta taps into the capabilities of blockchain and artificial intelligence (AI). The project’s presale has generated significant interest due to the project’s staking model and non-fungible token (NFT) marketplace. Subsequently, the demand for QUBE has been rising in recent weeks. In the ongoing…
Strategic collaborations and partnerships play a pivotal role in shaping crypto. Bitso, a crypto exchange in Latin America, recently integrated Stellar’s Anchor Network technology. The move aims to broaden the payments corridor between Latin America and the global cryptocurrency market, which has significant implications for projects such as Borroe (ROE) and its presale. Bitso partners with Stellar’s Anchor Network Bitso partnered with the Stellar Development Foundation to integrate Stellar’s Anchor Network technology. This collaboration aims to enhance connectivity between the Latin American crypto ecosystem and the global stage. The integration…
Despite the general market for non-fungible tokens (NFTs) slowing down in recent weeks, Reddit’s Collectible Avatars on the 0xPolygon platform has surpassed 20 million. According to Dune Analytics, more than 20 million Reddit Collectible Avatars have been minted since the collection’s launch in 2022. Some 16.1 million unique wallets hold the NFTs, with over 2.2 million having multiple avatars. By May 31, there were 13.9 million avatars held in about 10 million wallets. More than 6 million new NFTs have been minted in just over two months, and a similar…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Slovenia is Europe’s most crypto-obsessed country, based on searches as a percentage of the population. Luxembourg and the Netherlands take second and third, respectively. That’s according to CryptoGambling.tv, a website that analyzes cryptocurrency trends, especially in the gaming and casino space. Over the past 12 months, there have been roughly 100,000 crypto-related searches in Slovenia each month, the site determined. In other words, there was an average of 4,789 crypto-related searches per 100,000 people — the…
A pro-crypto US Senator is filing an amicus brief in favor of Coinbase, saying that the court should discard the U.S. Securities and Exchange’s (SEC) lawsuit against the crypto exchange. In a new court filing, Republican Senator Cynthia Lummis of Wyoming asks the court to toss out the SEC’s lawsuit against Coinbase, which alleges that the top US crypto exchange sold unregistered securities. According to Lummis, the SEC’s enforcement actions are “out of step” with the efforts of lawmakers to create a clear regulatory framework for the crypto industry. “Crypto…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto investors frequently select various portfolios depending on the potential outcomes of different projects. In recent months, popular options for diversification include Quant (QNT), Bitcoin Cash (BCH), and Pomerdoge (POMD). Quant holds firm amid market shifts QNT is an ERC-20 token that primes the Quant Network. After the project launched in 2018, QNT rallied in 2021 but fell in 2022, and is currently stable. Even so, investors are bullish. QNT is down 2% in the past…