Six Coinbase customers filed a new class-action lawsuit against crypto exchange Coinbase Global, two subsidiaries — Coinbase, Inc. and Coinbase Asset Management, LLC. — and its CEO, Brian Armstrong, on May 5. The lawsuit alleges that the digital assets listed on Coinbase are securities. This includes Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland (MANA), …
Monthly archives: May 2024
Sui Surpasses Solana in Daily Transactions Amidst Spam Token Frenzy
Sui, a scalability-focused blockchain, has surpassed Solana, a top 10 cryptocurrency network, in activity levels, registering 41 million transactions on April 3. The activity overheating on Sui is caused by ‘spam’, a Sui native token designed to stress test the network’s capabilities, assigning tokens to users equivalent to the number of transactions issued. Sui Surpasses …
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Blackrock’s BUIDL Fund Overtakes Franklin Templeton to Become Largest RWA Tokenized Offering
Based on the most recent figures, Blackrock’s USD Institutional Digital Liquidity Fund, also known as BUIDL, has expanded to $381.76 million, overtaking Franklin Templeton’s onchain investment vehicle, BENJI, as the largest real-world asset (RWA) tokenized offering. Blackrock’s Digital Fund Surpasses BENJI as Leader in Tokenized Treasury Offerings Blackrock’s BUIDL has now eclipsed all other tokenized …
Epic Satoshi Spurs Launch of New Runes Tokens With $88M Market Cap
According to onchain data, the ‘epic satoshi’ sold for 33.3 BTC has been inscribed, now linked to a freshly minted Runes protocol coin named “EPIC•EPIC•EPIC•EPIC.” The newly introduced EPIC runes tokens have already commenced trading, achieving a market capitalization of $88 million by 11 a.m. Eastern Time on Sunday. From Epic Satoshi to EPIC•EPIC•EPIC•EPIC Runes …
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The Halving Effect: Bitcoin Hashrate Decreases as Miners Prepare for Probable Difficulty Drop
Just over two weeks have passed since the fourth Bitcoin halving took place. During this period, the network’s hashprice dropped from over $100 per petahash to below $45 at the beginning of May. It has since increased to $50 per petahash. Despite the modest rebound, the network’s total hashrate has experienced a decrease, with a …
Class Action Lawsuit Claims Coinbase Operates as Unregistered Broker
A new class action lawsuit was initiated against the San Francisco-based cryptocurrency exchange Coinbase on May 3. The legal action claims that Coinbase deliberately sold securities that are unregistered with regulatory authorities. Additionally, the lawsuit charges Coinbase with operating as an unregistered securities broker. Lawsuit Alleges Coinbase Illegally Sold Securities Without Registration According to legal …
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Bitcoin Whales Gobble Over 47,000 BTC Worth $2,967,768,000 in Just 24 Hours Amid ‘New Era’: CryptoQuant CEO
The chief executive of blockchain intelligence platform CryptoQuant says that Bitcoin (BTC) whales have snapped up nearly $3 billion worth of the crypto king in just 24 hours. CryptoQuant CEO Ki Young Ju tells his 345,000 followers on the social media platform X that the deep-pocketed investors have gobbled up tens of thousands of BTC …
Subsidiary of Kraken Becoming Under-the-Radar Beneficiary of Multi-Billion ETF Boom: Report
A subsidiary of US-based crypto exchange Kraken is reportedly greatly benefiting from the success of the spot Bitcoin (BTC) exchange-traded fund (ETF) boom. According to a new report by Bloomberg, CF Benchmarks – a London-based subsidiary of Kraken that provides reference data for about $24 billion in crypto ETFs – is emerging as an under-the-radar …
Eco Friendly Dogecoin-Killer Dogecoin20 Launches on MEXC Today With 45% Staking Returns!
Crypto’s new eco-friendly yield-bearing Dogecoin alternative Dogecoin20 ($DOGE20) is landing on MEXC at 12:00 UTC today. The centralized exchange listing (CEX) comes hot on the […] Go to Source
Cardano founder proposes Bitcoin Cash integration in X poll
The ayes are winning with 8,301 votes for to 4,212 against, as of the time of this article’s publication.
Employee at Billion-Dollar Bank Arrested, Accused of Stealing $44,000 From Account of Deceased Customer
An employee at a billion-dollar bank has reportedly been arrested and accused of stealing money from the account of a deceased customer. Latia Wynn of Wilmington, Delaware, was arrested by police for allegedly withdrawing $44,000 from a deceased customer’s account at WSFS Bank, NBC affiliate Philadelphia10 reports. When one of its customers passed away in …
Coinbase CEO Brian Armstrong Says Layer-2 Solutions Will Drive Many Use Cases in Crypto Economy
The CEO of US-based crypto exchange Coinbase is optimistic that layer-2 scaling solutions will transform the crypto economy. Speaking at Coinbase’s first-quarter earnings call, Brian Armstrong says he sees layer-2 scaling solutions facilitating the explosion of crypto use cases with lower fees and faster transaction times. “As a reminder, layer 2 solutions help blockchains scale, similar to …
JPMorgan Chase Paying $448,000,000 Fine To US Regulators for Failing To Monitor Billions of Transactions on Bank’s Global Trading Venues
JPMorgan Chase will pay a total of $448 billion to US regulators for failing to monitor potential market misconduct on billions of transactions in its global trading operation. In a filing with the U.S. Securities and Exchange Commission (SEC), the banking giant says it has made a deal with an unnamed US regulator that will …
BTC Ponzi Scheme Mastermind Suffers Heart Attack, Analyst Eyes $300K BTC Price, and More — Week in Review
Johann Steynberg, the mastermind behind a South African bitcoin Ponzi scheme, died of a heart attack while under house arrest in Brazil. A technical analyst predicts a significant surge in Bitcoin’s price, suggesting it could reach $300,000 during the upcoming aggressive phase of the bull cycle. The FBI is cautioning the public against using unregistered …
Warren Buffett compares AI to nukes after seeing deepfake doppelganger
The financial mogul’s commentary came during Berkshire Hathaway’s annual meeting.