Month: May 2024

Former CFTC Chair joins Paxos board of directors

Former Commodity Futures Trading Commission Chair J. Christopher Giancarlo will join the board of directors at Paxos. According to a press release from Paxos, the former head of the CFTC will join the board of directors of the stablecoin issuing company. The firm hired Giancarlo to work among other directors, including former U.S. Senator Bill Bradley. “Chris brings unparalleled expertise and understanding of complex market dynamics to Paxos […] His insights will support us as we expand our position as a leader in regulated digital asset market structure and stablecoin innovation.” Charles Cascarilla,…

The Hard Truths and Worrying Consequences of the Tornado Cash Verdict

Indeed, part of Pertsev’s defense was acknowledging that, even if money laundering was happening, because the protocol operated like a robot on a blockchain and users always maintained “exclusive control” over their funds, if anyone is to blame it is the users themselves. This is to say nothing that Tornado’s devs did maintain a frontend, through which 90+% of users went through. Source

Shiba Inu Volume Flips Dogecoin, Will SHIB Price Flip DOGE If This Analyst’s Prediction Comes True?

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Shiba Inu is up by 7% in the past 24 hours amidst an uptick in the meme coin market, coming ahead of Dogecoin at this time. The meme coin niche has witnessed a strong resurgence in the past day, with the entire niche up by 7.82%. Shiba Inu has particularly done well and witnessed a strong volume of interest amidst this uptick. Interestingly, this uptick in volume for SHIB has surpassed DOGE, with on-chain data suggesting SHIB could do better in the short term. At the same time, crypto analyst…

Cat-Themed Memecoins Soar 16.1% After Roaring Kitty’s Return

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On Monday, popular internet figure and trader “Roaring Kitty” made a surprise comeback to social media that sent the crypto market into shock and excitement. His return post was followed by a series of cryptic videos, including catsm, which seemingly fueled a price increase for cat-themed memecoins in the past 24 hours. Related Reading Memecoin Frenzy And Market Reaction Keith Gill, known as “The Roaring Kitty,” returned to social media after a three-year hiatus by posting the popular “leaning forward in the chair” meme. pic.twitter.com/YgjVqtgcNS — Roaring Kitty (@TheRoaringKitty) May…

TRON DAO Adds Google Cloud as a Super Representative Candidate on the TRON Blockchain

PRESS RELEASE. Geneva, Switzerland, May 14th, 2024 – TRON DAO today announced that Google Cloud has joined its roster of Super Representative candidates on the TRON blockchain. Super Representatives are responsible for producing blocks and packing transactions to help ensure blockchain governance on the TRON network. This initiative builds on TRON’s collaboration with Google Cloud […] Source CryptoX Portal

Is Ethereum Set For A Major Rally? Options Traders Bet Big On $3,600+ Targets For June

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Ethereum (ETH) options for June show a marked interest in higher strike prices, focusing on levels exceeding $3,600. Data from Deribit reveals a concentrated bet among traders on calls surpassing this price, indicating a bullish sentiment toward Ethereum’s near-term trajectory. The most favored strike price among these optimistic bets is an ambitious $6,500. Related Reading Options Market Bullish On Ethereum  Notably, options are contracts that give traders the right, but not the obligation, to buy (in the case of calls) or sell (in the case of puts) the underlying asset…