Day: July 21, 2024

WIF, HNT, CORE, and PEPE boast over 40% in weekly gains

Dogwifhat, Helium, Core, and Pepe have emerged as the top gainers in the crypto market over the past week. Each token experienced a price surge exceeding 40%. Dogwifhat Dogwifhat (WIF) is up over 50% for the past seven days, exchanging hands at $2.56 at the time of writing. The crypto assets had a daily trading volume of $311 million, while its market cap had surpassed the 2.55 billion mark per data from CoinMarketCap WIF price chart | Source: CoinMarketCap Despite lacking any clear utility, WIF — the dog-themed meme coin…

KAMA Meme Coin Soars to All-Time High After Joe Biden Drops Out

KAMA hit an all-time high of 2.4 cents in the minutes following President Joe Biden’s announcement that he was dropping his re-election campaign. With a market cap of $24 million, KAMA is now nearly four times as large as the Biden-inspired coin BODEN, once the kingmaker crypto of so-called PolitiFi. BODEN fell by nearly 50% following Biden’s announcement. Source

7 US States Unite to Challenge SEC’s Crypto Overreach

Seven U.S. states have united in a coalition to challenge the U.S. Securities and Exchange Commission’s (SEC) regulation of cryptocurrency. The states filed an amicus brief arguing that the SEC’s “power grab” would stifle innovation, harm the crypto industry, and exceed its authority. Seven-State Coalition Opposes SEC’s Cryptocurrency Regulation The Office of the Attorney General […] Source CryptoX Portal

Crypto Exchange Gemini Settles With IRA Financial Trust Over $36,000,000 Hack in 2022: Report

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Crypto exchange Gemini and self-directed retirement and pension accounts platform IRA Financial Trust (IRA) have reportedly reached an agreement to settle a lawsuit stemming from a 2022 cyberattack. IRA sued Gemini after the crypto exchange suffered a security breach in February 2022. The firm claims that $36 million worth of its customers’ assets in Gemini’s custody were lost due to the cybersecurity incident. In its lawsuit, IRA alleged that the theft should not have happened if Gemini’s claims of having robust security capabilities were true. “Contrary to Gemini’s many representations…

ORDI Soars 26% On Solid 7-Day Run

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Ordinals are a relatively novel innovation within the crypto space, but ORDI, the cryptocurrency with the Ordinals namesake, is within the grasp of the bears. According to the latest market data provided by CoinCodex, the token is down nearly 5% within the last 24 hours despite Bitcoin making an 11% gain within the past week. Related Reading Up And Down The Rabbit Hole Even though the market seems bullish for Bitcoin and the market as a whole, Ordinals seem to go against the grain. Analysts are hopeful that ORDI is…

With Biden Out, Polymarket Favors Harris for Democratic Presidential Nominee

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Veteran Blockchain Developer: Overregulation Creates Hurdles for Crypto Companies, Diminishing Overall User Experience

While regulations are generally meant to protect consumers, in practice, they create hoops for crypto companies to jump through, thus diminishing the overall user experience, said Ivo Georgiev, co-founder and CEO of Ambire Wallet. Georgiev argues that regulations like the Eurozone’s Markets in Crypto-Assets (MiCA) actually “enable more sketchy companies and scams.” Overregulation Beneficial to […] Source CryptoX Portal