According to a recent decision from the US District Court for the Northern District of California, decentralized autonomous organizations, or DAOs, may not provide the liability protection the industry once thought. In a seminal case, a Federal Court in California ruled that, despite the governing body being a DAO, several prominent investment firms may in …
Continue reading “Can DAOs Be Sued? Insights From Lido’s Recent Case”
The New York Federal Reserve’s report evaluates the financial stability implications of digital assets within the context of the broader financial system. Digital Assets Pose No Risk to Global Financial System The New York Federal Reserve’s recent report on digital assets provided a look at their potential risks to financial stability. The report stated that …
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Sky Mavis, the company behind Axie Infinity, is laying off 21% of its workforce as part of a strategic refocus. Laid-off Workers to Receive Job Placement Assistance Sky Mavis, the blockchain startup behind Axie Infinity, announced plans to lay off about 50 employees, or 21% of its workforce. The company attributed the layoffs to a …
Continue reading “Sky Mavis, Creator of Web3 Game Axie Infinity, Cuts Workforce by 21%”
Billionaire venture capitalist Tim Draper has long believed Bitcoin (BTC) would surge to $250,000. In 2018, Draper first predicted the top crypto asset would hit $250,000 by 2022. When that failed to happen, the venture capitalist amended the timeline of that prediction until mid-2023. Now, Draper tells Benzinga he still thinks BTC is destined to …
Ethereum’s DeFi ecosystem’s total value locked (TVL) has surged to a two-year high, exceeding $80 billion for the first time since May 2022, according to DeFiLlama data. Ethereum Key Metrics (Source: DeFiLlama) The rise in TVL aligns with a broader market uptrend that pushed ETH to a four-month peak of over $3,500. The rally followed …
Continue reading “Ethereum DeFi’s TVL reach 2-year high of $80 billion, reclaims USDT dominance”
Bitcoin (BTC) can visit the zone below $88,000 before resuming its push towards the $100,000 threshold if further downside is registered, according to a Glassnode report. The report highlighted a critical “air gap,” as BTC’s rapid rally has left minimal trading activity between $76,000 and $88,000, creating an underdeveloped price range that could draw market …
The South African government has published a National Artificial Intelligence (AI) Policy Framework, which aims to guide the development and adoption of AI in the country. The framework outlines strategic pillars, including talent development, digital infrastructure, research, and innovation, as well as ethical considerations, such as transparency, accountability, and fairness. The policy framework is open …
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The Financial Conduct Authority (FCA) is pushing for sweeping crypto regulations by 2026, tackling market abuse, decentralized assets, and trading platform oversight in its evolving framework. Inside the FCA’s Crypto Overhaul: What 2026 Means for the Industry The UK Financial Conduct Authority (FCA) has outlined a comprehensive plan to establish a full regulatory framework for …
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On Tuesday, CNBC’s Mad Money host Jim Cramer shared on X: “I always find it hilarious when I read ‘time to dump crypto’ when I have owned and backed crypto since Thestreet.com days. Remember that?” As co-founder of the financial website, Cramer was an early observer of the financial landscape, including emerging digital assets. However, …
Continue reading “Jim Cramer Mocks ‘Time to Dump Crypto’ Narrative, Defends Long-Term Support”
Morocco is advancing a draft law to regulate cryptocurrencies, aiming to balance risks and opportunities amid growing adoption. A New Chapter Unfolds: Morocco’s Journey Toward Crypto Regulation Gains Momentum Morocco’s central bank governor, Abdellatif Jouahri, revealed Tuesday at a conference in Rabat that Bank Al-Maghrib, the country’s central bank, is advancing plans to regulate cryptocurrencies. …
Continue reading “Morocco’s Crypto Framework Advances Amid Rising Public Interest in Digital Assets”
Pantera Bitcoin Fund’s jaw-dropping 1,000x return spotlights bitcoin’s explosive potential, with founder Dan Morehead forecasting a transformative financial revolution yet to unfold. $740K BTC in Sight as Pantera Capital’s Bitcoin Fund Hits 1,000x Milestone The Pantera Bitcoin Fund, an investment fund managed by Pantera Capital, a leading cryptocurrency-focused investment firm, has achieved a staggering milestone, …
Rumble has committed up to $20 million in bitcoin as a treasury asset, citing its potential as an inflation hedge and key to strategic expansion in the digital economy. Rumble Adopts Bitcoin as Treasury Asset in Strategic Shift Rumble, a video-sharing and cloud services platform, has taken a bold step to diversify its corporate treasury …
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An Ethereum (ETH) competitor has captured a massive share of USDT stablecoin transactions, according to the chief executive of the analytics firm CryptoQuant. Ki Young Ju says on the social media platform X that the value of the USDT hosted on Tron (TRX) is now more than three times the layer-1 blockchain’s market cap. “TRX …
Bitcoin price is correcting gains below the $95,000 support. BTC traded close to the $90,000 level and is currently consolidating near $92,500. Bitcoin started a downside correction below the $95,000 zone. The price is trading below $94,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at …
Continue reading “Bitcoin Price Corrects to $90K: Healthy Dip or Cause for Concern?”
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing …
Continue reading “The Current Correction In Bitcoin Is The Last Before A Major Rally—Here’s Why”
