Gensler’s Latest Remarks Spark Speculations Over SEC Departure
After Donald Trump’s victory in the recent presidential elections, the cryptocurrency market has seen staggering growth reaching new heights, and the market is expected to strengthen more in coming sessions.
A debate in the wider cryptocurrency market has been going on, as in a speech back in July this year Trump said as soon as he wins the elections he will be firing Gary Gensler from his post of SEC as the chairman.
While addressing a legal education institute, Gary most recently hinted that
More than 500,000 accounts were identified that did not meet the proper verification standards. The matter was mainly raised as users had submitted blurred identification documents and it was still accepted.
The FIU plans to shift its focus to the effect of these violations over the future of the platform along with the business license renewal process.
Radiant Capital (RDNT) has also been charged with a trading suspension by the South Korea Digital Asset Exchange Association (DAXA).
Russian Bank Plans First Crypto Pilot By 2024 End Under FEA
Entry of traditional banking giants has helped the crypto market to reach a new milestone, in a similar matter, Sberbank a known bank in Russia has announced that it has plans to conduct its first pilot cryptocurrency transaction under the framework of foreign economic activities by the end of 2024.
The information was first reported by Tass citing Anatoly Popov, a senior executive in the management board of the bank, additionally quoting ” We understand the importance of settlements using sta
MicroStrategy’s Saylor Believes Bitcoin Can Reduce $16 Trillion US Debt
Saylor has mentioned that the United States is most probably having its strategic Bitcoin reserve with robust planning in the near future.
On November 14, the Senator presented the idea of selling the partial gold reserves of the Fed to purchase 1 million BTC.
Senator Cynthia Lummis presented a bill that suggested growth in the digital asset reserves of the state. Adding more to this, she also came up with a plan to collect 1 million tokens in the coming five years.
DigitalX BTC Fund Leads Market With 526% Five-Year Growth
The surge in Bitcoin price has helped many institutional investors to reduce their operational costs annually.
In a recent development, DigitalX, an Australian fund manager has said that it has seen a massive reduction in its operations cost of $950,000 annually through restructuring its funds management team.
It is worth noting that its BTC Fund has seen a staggering profit of 99 percent annually, making it a top contender among the leaders of its category.
Tether Introduces a New Tokenization Platform, Hadron
The new tokenization platform, Hadron can be accessed over different smart-contract-enabled blockchains. It can also be accessed through Bitcoin layer-2 solutions like Liquid from Blockstream.
The launch of the new platform is a step in Tether’s plan to spread its offering to various bodies of the financial industry.
Adding more to this, there are some compliance tools also to keep an eye on blockchains as well as centralized exchanges.
On November 14, Tether publicized through its press rel
Since its first filing until this writing, the Bitcoin spot ETF has received huge attention. Yet the primary reasons behind the surge in adoption are the entry of traditional finance giants and the injection of millions and billions in fresh funds into the decentralized ecosystem.
Goldman Sachs, a known investment bank worldwide has boosted its holdings by 84 percent in IBIT, the spot ETF by BlackRock. In the past filing, the total number of shares held was 6.9 million, which grew to 12.7 milli
Polymarket Under the Scrutiny of the Department of Justice
The CEO of Polymarket said that he is disappointed by the actions of the DOJ and FBI and has compared the move to an irrelevant suppression.
Talking about the funds, Polymarket has never accepted that the platform has been funded by or in league with any American political forces.
It is also not clear that the newly elected president Donald Trump who has so far cleared his stand over crypto in a political rally will support the platform.
Polymarket is under scrutiny by the Department of Jus
Telegram Expands Dominance in Web3 Gaming and Crypto- Report
Telegram, the known messaging platform, has increased its dominance in the cryptocurrency market since the beginning of this year. As per recent data, its share in the Web3 gaming industry has surged significantly over time.
Game 7, a blockchain gaming-related firm, noted in its recent report that developers and publishers seem heavily leveraging Telegram to boost user base, retention, and engagement.
Naavik and Game 7 collectively found that over time usage of Telegram has grown, which m
Bitcoin Miners Cash in As BTC Soars Past $90K Milestone
In the past 24 hours, Bitcoin prices have seen a staggering growth adding over 7 percent reaching above the mark of $90k. As per market experts, it will further grow but the path to cross the hurdle of $100k seems a little tough, yet it might reach new heights by 2025.
The on-chain activities indicate that dozens of Bitcoin investors had made millions and even billions after it surpassed the mark of $90k.
CryptoQuant’s head of Research noted that in the past 24 hours, several Bitcoin miners
Ripple and Its CEO Get Great Relief From the Court; Know the Details
The lawsuit consisted of unregistered offers and sales of securities, liabilities of Ripple as well as the CEO as control person, and violating the securities laws of California.
The court has stamped the decision in favor of the accused Ripple Labs, XRP II LLC, and, Brad Garlinghouse.
The Securities and Exchange Commission of the United States has so far made akin charges in the SEC Vs. Ripple Labs case.
The recent judgment in the In re Ripple Labs Inc Litigation has been passed in which t
Pepe Coin Witnessed a Surge of 75% Following Coinbase, Robinhood Listings
The overall memecoin industry has shown outstanding growth and performance after Donald Trump had a great victory in the Presidential Elections of the United States.
PEPE has witnessed a new all-time high after a significant gain of 75% on the same day after listing on Coinbase, Robinhood as well as Upbit.
Coinglass, a crypto futures trading and information platform has reported that PEPE open interest has also increased by 63% and now stands at $316 million.
FBI Raids Polymarket CEO Amid Controversies Following Trump’s Victory
The victory of Donald Trump has sparked many controversies opening paths for investigation and crackdown by the regulators in the United States.
In a recent development, the FBI has raided the places owned by the owner of the Polymarket over the allegations of accepting trades from the based users.
Polymarket is one of the leading decentralized betting platforms, the platform came under the specs of regulators and agencies, since day one of the betting polls on the Polymarket led by Donald T
Caitlyn Jenner Accused of Selling JENNER As an Unregistered Security
Jenner along with her insiders have reportedly gotten earlier and cheaper tokens as compared to normal people.
The lawsuit filers have claimed that Jenner had not registered the token with the Securities and Exchange Commission which eventually resulted in facing significant losses by the buyers.
The JENNER token is the official memecoin project which was first introduced on Solana by the memecoin maker Pump(dot).fun. Soon after the launch, the token was surrounded by controversy.
BUIDL Token Now Available on Major Blockchains- BlackRock
The beginning of 2024 brought many new hopes for the crypto market with the entry of traditional companies, asset managers, and entities.
In a recent development, BlackRock, a leading asset manager, has announced that BUIDL will now be available on different chains including Avalanche, Arbitrum, and Polygon among others. The move of expansion aims to expand its reach beyond Bitcoin.
Additional information notes that the expansion will help more institutional investors access BUIDL more conve
Crypto Influencer Kevin Mirshahi Found Dead in Montreal, Canada
The influencer was last seen on June 21, after which he along with his three friends got kidnapped from a residential unit in Montreal.
Mirshahi had set his foot in the Montreal crypto community and has also owned and operated a private crypto investment firm commonly known as “Crypto Paradise Island.”
In 2021, The Autorite des marches financers, the investment regulator of Quebec has also banned Mirshahi along with two others from working as a broker or investment adviser.
Cross-Chain Transfer of PYUSD Enabled Between Ethereum and Solana
After the recent integration with Layerzero cross-protocol, sending PYUSD from the Ether chain to the Solana chain became possible.
This developmental news came into the spotlight after a Medium post by Layerzero in which it noted that PYUSD has started leveraging its OmniChain Fungible Token which will enable its users to transfer their assets from one chain to another.
Following its launch to date, PYUSD has seen significant traction and its trading has also achieved many higher milestones.
Musk & V. Ramaswamy to Lead Trump’s New DOGE Dept- Report
The speculation and claims ended after it was officially confirmed that Elon Musk the owner of Tesla with Vivek Ramaswamy will head the DOGE of the United States.
Doge (Department of Government Efficiency) will be the new department in Trump’s rule, which will act as a department that will help the government slash additional expenditures, and restructure federal agencies including several other responsibilities. Yet it is worth noting that the working and the organizational structure of the
Trump’s Win Is the Dawn of a New Crypto Era, Says Armstrong
Armstrong has given an interview to a reliable media source and stated that the Congress will take oath in January 2025 and we can consider it as the most pro-crypto Congress ever.
The crypto industry is also eagerly waiting for the resignation of the Chairman of the Securities and Exchange Commission as was promised by Donald Trump to fire him from the post.
The win is also considered that it will also be helpful for the industry as it will provide some regulatory clarity.
DOGE Performs Well in the Market By Showing 145% Gains
After the outstanding performance of DOGE by surging 145%, it is still not able to cross its all-time high of $0.7376.
The growth of Dogecoin also shows the confidence in the pro-crypto stand of Donald Trump that he will make a more favorable environment for the crypto industry.
Some analysts from the country have a strong belief that the gains in the market are the result of the rumors that say that after Trump overtakes the government, he may partner with Elon Musk on the Department of Gove