The U.S. just added $215.65 billion to the national debt in a span of only 30 days. According to new data from the U.S. Treasury, the national debt rose from $34,534,845,450,747 on May 15th to $34,750,498,829,987 on June 15th. As of last month, the interest being paid on the debt already exceeded the amount spent …
Monthly archives: June 2024
Vitalik Buterin says crypto regulations have created ‘anarcho-tyranny’
The Ethereum co-founder says we’d all be better off with either anarchy or tyranny but not both.
VanEck files for Solana ETF, Ether supply inflates, and more: Hodler’s Digest, June 23-29
VanEck seeks approval for Solana ETF, ETH supply rises 73 days in a row, and Satoshi-era wallet moves Bitcoin.
Meta’s prototype ‘full holographic’ glasses could be a game changer for Web3
The new holographic display could give NFTs the Pokemon Go treatment.
Fintech Firm 21Shares Follows VanEck’s Lead and Submits Solana (SOL) ETF Application
21Shares has now officially filed paperwork in hopes of launching a Solana (SOL) exchange-traded fund (ETF). The fintech firm submitted a registration statement with the U.S. Securities and Exchange Commission (SEC) on Friday for the “21Shares Core Solana ETF,” which would trade on the Cboe BZX Exchange if approved. Three years ago, 21Shares’ European affiliate …
JPMorgan Chase, Bank of America and Wells Fargo Accounts Used in Alleged $92,000,000 Money Laundering Scheme: Report
An alleged $92 million money laundering scheme went “right through” three of the largest banks in the US, according to a new report. A group of alleged drug runners and money launderers are accused of depositing hundreds of thousands of dollars in illicit funds into accounts at JPMorgan Chase, Bank of America and Wells Fargo, …
Judge dismisses counts related to BUSD, BNB sales in SEC-Binance lawsuit
The U.S. Securities and Exchange Commission (SEC) lawsuit against Binance and its co-founder Changpeng Zhao (CZ) is set to proceed after a Friday ruling. A judge in the U.S. District Court for the District of Columbia gave the green light to 10 out of 13 counts in the SEC lawsuit. Bloomberg reported that according to …
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Why Swiss and Hong Kong crypto regulations will lead the DeFi revolution
The following is a guest post from James Davies, CEO of Crypto Valley Exchange. Regulators worldwide, international organizations, and market participants have published many consultation papers, recommendations, and opinions. The writers include groups like the Global Financial Markets Association, the Institute of International Finance, the International Swaps and Derivatives Association, the Futures Industry Association, the …
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Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall
With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above $47 per PH/s. Declining Bitcoin Value …
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Will Ethereum NFTs Make a Comeback?
Onchain Highlights DEFINITION: The relative amount (share) of gas consumed by the Ethereum network by transactions interacting with non-fungible tokens. This category includes token contract standards (ERC721, ERC1155) and NFT marketplaces (OpenSea, Blur, LooksRare, Rarible, SuperRare) for trading those. Ethereum’s gas usage by NFTs has exhibited significant shifts over the past few years, mainly as …
Several Sleeping Bitcoin Wallets Reactivate After Years of Inactivity
According to data, several longtime holders have recently reactivated wallets containing hundreds of bitcoins for the first time in years. One inactive address, created on April 1, 2013, transferred 126.65 BTC valued at $7.63 million, marking its first transaction in over 11 years. Hundreds and Notably a 1,000 Stack of Vintage Bitcoin Transferred From Idle …
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Consensys to Challenge SEC in Court: Confident SEC Lacks Authority to Regulate Software Interfaces Like Metamask
Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are regulatory overreach and vows to defend its position in court, emphasizing the broader implications for the web3 ecosystem. Consensys Challenges SEC Charges On …
Sealana Sets July 2 Date for Airdrop, Last Chance to Invest Before DEX Launch
The crypto community is buzzing as Sealana (SEAL) prepares for its July 2 airdrop and DEX listing. With the presale entering its final days, investors are scrambling for a last-minute chance to buy SEAL tokens before they hit the open market. Sealana’s Presale Journey Nears Its Climax Sealana’s presale journey has been quite the ride …
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Ledn Co-Founder Mauricio Di Bartolomeo States Crypto Will Be a Determinant Factor on Latam Elections: ‘People Want Bitcoin’
Mauricio Di Bartolomeo, co-founder and CSO of Ledn, a Canada-based bitcoin lending platform, stated that Latam citizens are shifting to elect governments supporting bitcoin as a better money alternative. In an interview with Bitcoin News, Di Bartolomeo stressed that presidents like Bukele in El Salvador and Milei in Argentina have shown Latam that proposals including …
SEC’s Case Against Binance Moves Forward With Major Allegations Intact
The U.S. District Court for the District of Columbia has issued an order in the SEC’s case against Binance and its founder Changpeng Zhao. The court allowed most claims to proceed, including those related to unregistered crypto sales and fraudulent practices, while dismissing some claims related to BUSD and secondary BNB sales. Some Charges Against …
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