Solana-Based Emerges As The Go-To Platform For Memecoin Creation, Report

The ongoing frenzy over memecoins created on top blockchains over the past year has found a notable competitor in the Solana-based marketplace, a crypto project reminiscent of the anonymous social media platform on the Ethereum blockchain 4chan.  Over One Million Memecoins Created In 7 Months According to a Bloomberg report, since its launch in … Read more

Biden’s Crypto SAB 121 Veto Remains Intact As House Override Effort Fails

The US House of Representatives has not been able to overturn President Joe Biden’s veto of a crypto measure meant to nullify a divisive SEC rule. The vote emphasizes the continuous discussion on how to control the fast changing digital asset scene. SAB 121: The Controversy’s Crux Staff Accounting Bulletin 121 (SAB 121) of the … Read more

BREAKING: SEC Drops Paxos Probe, Validates BUSD Non-Security Status

In what could be a major victory for stablecoin issuance and regulation in the US, the Securities and Exchange Commission (SEC) has decided to drop its investigation into Paxos, providing a major boost to the stablecoin sector.  According to a Fortune report on the matter, the decision was communicated to Paxos by Jorge Tenreiro, acting … Read more

German Government Bitcoin Selling Spree Continues With 6,306 BTC Move, Here’s The Destination

Bitcoin, the largest cryptocurrency asset, is in the limelight as the German government, the Bundeskrimanalamt (BKA), has continued its aggressive BTC selling spree, transferring over 6,306 BTC as part of its ongoing liquidation strategy, which has triggered a broader discussion about its potential impact on the crypto asset’s price. German Government Offloads Thousands Of Bitcoin … Read more

D-Day For Crypto: SAB 121 Veto Showdown Set For Wednesday

The US House of Representatives is scheduled to vote on significant crypto legislation on Wednesday, July 10. This vote might override President Joe Biden’s veto of the Securities and Exchange Commission’s (SEC) resolution to repeal Staff Accounting Bulletin 121 (SAB 121). In June, Biden vetoed this bill. It has garnered significant attention due to its … Read more

Cardano Founder Reveals Chang Hard Fork Is ‘Basically There’

In an Ask Me Anything (AMA) session broadcast live from Wyoming, Charles Hoskinson, the founder of Cardano, provided an eagerly awaited update on the progress of Cardano and the upcoming Chang hard fork. Speaking from his ranch, he described the ongoing efforts and milestones reached in what has been a significant journey for the blockchain … Read more

Analyst Sparks Heated Debate By Calling Cardano, Polkadot ‘Dead To Institutions’

Crypto analyst Ben Armstrong, popularly known as ‘Bitboy Crypto’ has ignited controversy by declaring Cardano (ADA)and Polkadot (DOT), “dead to institutions.” His brash statement has drawn substantial backlash from the crypto community, with many members vehemently opposing his criticizing remarks.  Analyst Calls Cardano, Polkadot Dead In an X (formerly Twitter) post on July 3, Armstrong … Read more

This VC Firm Allocates $1 Million In Solana (SOL) Contributions To Pro-Crypto Candidates

Venture capital (VC) firm, Multicoin Capital, has recently announced its commitment to support pro-crypto Republican lawmakers with a substantial donation of up to $1 million worth of Solana (SOL) tokens.  The firm aims to bolster the presence of crypto-friendly candidates in the US Senate by matching all donations of Solana tokens to the Sentinel Action … Read more

New Zealand Chases 200,000 Crypto Investors For Untaxed Income

New Zealand’s tax authorities announced that over 200,000 citizens had not declared their crypto income in their tax returns. The watchdog issued a reminder that virtual assets are taxable and revealed it will take stronger measures to track those not disclosing their earnings in digital assets. IRD Issues Letter To Crypto Taxpayers The Inland Revenue … Read more

DraftKings NFTs Securities Trial Advances As Judge Rejects Motion To Dismiss Lawsuit

A US Judge has rejected DraftKings’ motion to dismiss the class action lawsuit filed by the company’s Non-Fungible Token (NFT) buyers. The lawsuit accuses DraftKings, its CEO, CFO, and president of allegedly violating federal securities laws with its NFTs. DraftKings Accused Of Selling Unregistered Securities On March 2023, Justin Dufoe filed a putative class action … Read more