Steven Nerayoff sues Covington & Burling for $100M, alleging mishandled extortion case.

Nerayoff claims that the withheld evidence could have prevented charges. 

Covington & Burling refutes allegations, and describes Nerayoff’s lawsuit as meritless.

Steven Nerayoff, an influential early adviser to the Ethereum network, has filed a lawsuit against the law firm Covington & Burling, seeking damages of $100 million. The lawsuit alleges that the firm mishandled his defense during a 2019 extortion case, which impacted his professional and personal life.

The Extortion Case

In September 2019 Nerayoff was arrested alongside Michael Hlady who was an associate at his blockchain consulting firm Alchemist. The pair was arrested on charges of extorting a cryptocurrency startup. According to the U.S. prosecutors, the duo allegedly threatened to destroy the startup if their demands for more cryptocurrency and company shares were not met.

The legal complaint, filed on September 6 in the New York County Supreme Court, claims that Covington’s defense was critically flawed. Nerayoff asserts that his attorney, Alan Vinegrad of Covington, advised against turning over crucial evidence to the prosecutors, including videos and emails that purportedly demonstrated the legality of his actions. Nerayoff contends that this evidence  was finally submitted in June 2022 and led to the dismissal of the charges in May 2023.

Claims and Defenses

Nerayoff alleges that if this exculpatory evidence had been presented earlier, the charges in fall 2019 could have been avoided. He also argues that the failure to properly handle the defense not only prolonged the legal battle but also caused him major financial damage. The damages include over $1 million in subsequent legal fees and lost business opportunities within the cryptocurrency sector. Covington & Burling has responded firmly, stating that the lawsuit is without merit and vowing to defend against it vigorously.

Ongoing Legal Battles

The lawsuit is one of several legal actions initiated by Nerayoff this year. Some of the other  disputes include an ongoing $9.6 billion lawsuit against the government and a $10 million defamation claim against a social media personality. These reflect his contentious interactions within the legal and crypto communities.

The post Ethereum Early Adviser Sues Covington & Burling for $100M appeared first on CryptoTale.

North Korean hackers transferred $11M in stolen Ether to Tornado Cash early Monday.

The July hack drained WazirX of over $150M, including SHIB worth of $100M alone.

Restructuring efforts continue as WazirX grapples with a significant financial blow.

The blockchain data tracker Arkham Intelligence revealed that the WazirX hacker has moved 5,000 ETH, worth over $11 million. The hacker moved the fund to Tornado Cash on early Monday. This move is believed to be linked to North Korea and is seen as an effort to hide the digital trail of the stolen funds.

WazirX’s $230M Hack 

The breach which happened in July had targeted one of WazirX’s multisig wallets, leading to a substantial loss of crypto assets, including $100 million in SHIB, $52 million in Ether (ETH), and other cryptocurrencies. This theft represented a significant portion of the exchange’s reserves, accounting for over 45% of its total holdings as reported in June 2024.

Transaction Analysis

According to the details provided by Arkham, the illicit funds were moved to a new address at exactly 07:19 UTC. Shortly after the initial transfer, an additional $1.2 million in tokens was distributed across five separate transactions to Tornado Cash, a platform known for its ability to mix large volumes of crypto to mask the origins of funds.

Security Implications

The above incident highlights a critical vulnerability in the security protocols of crypto exchanges. Tornado Cash, although a legitimate service, has been frequently utilized by criminal entities to launder money. Hence, complicating efforts by law enforcement to track and recover stolen assets.

Market Impact and WazirX’s Response

The breach has had a profound impact on WazirX, prompting the exchange to enter a restructuring process aimed at clearing liabilities and safeguarding investor interests. These steps are critical as the exchange navigates through the regulatory and trust hurdles now heightened by the security breach.

The continuous use of mixing services like Tornado Cash by hackers give an important reminder of the challenges faced in regulating crypto spaces to prevent money laundering. For WazirX, recovering from this significant setback involves not only enhancing their security measures but also restoring confidence among its users and stakeholders. 

The incident has caused a lot of talk in the cryptocurrency world, particularly from Sumit Gupta, the CEO of the Indian crypto exchange called Coindcx. Gupta has strongly criticized Wazirx for how they dealt with the situation, especially their decision to make their customers bear much of the losses.

The post North Korean Hackers Move $11M in Stolen ETH to Tornado Cash appeared first on CryptoTale.

BBVA now offers USDC in Switzerland, enhancing efficiency for institutional clients.

USDC streamlines transactions and enhances asset management for BBVA investors.

Following Metaco’s integration, BBVA expands digital asset services to meet client needs.

BBVA, the renowned Spanish multinational bank, is enhancing its offerings for institutional clients by introducing Circle’s USDC stablecoin through its Swiss branch. This move represents a notable shift in how traditional banks embrace digital assets, highlighting a growing trend toward blockchain technology within the financial sector.

The introduction of USDC to BBVA’s platform in Switzerland marks a pivotal moment for the bank’s institutional and private banking clients. These clients can now manage USDC alongside traditional investments on the same platform. 

This development allows for more streamlined transactions, as clients can exchange, custody, and convert USDC into various currencies, including euros and U.S. dollars. Consequently, transactions are completed more quickly, enhancing overall efficiency.

BBVA’s initiative is expected to benefit investment fund managers significantly. These clients often use stablecoins to facilitate cryptocurrency trades across multiple exchanges. By integrating USDC into its platform, BBVA aims to meet its clients’ evolving needs and ensure they have the tools necessary for efficient asset management and transaction execution.

The introduction of USDC follows BBVA’s strategic migration to Metaco’s Harmonize platform in 2023. This blockchain infrastructure, owned by Ripple, enables BBVA to connect with various blockchain networks, streamlining transactions and expanding its digital asset offerings. This platform’s integration is part of BBVA’s broader strategy to enhance its digital solutions and adapt to the growing demand for blockchain technology in financial services.

In addition to its Swiss branch, BBVA’s subsidiary in Türkiye, Garanti BBVA Digital Assets, also supports cryptocurrency trading, including Bitcoin, Ethereum, and Avalanche. This broader reach underscores BBVA’s commitment to embracing digital assets and providing a comprehensive suite of services to its clients worldwide.

While BBVA’s support for USDC marks a significant step forward, whether the bank will support USDC across all networks, including Coinbase’s Base layer-2 solution, remains unclear. However, Philippe Meyer, BBVA Switzerland’s head of digital solutions and blockchain, emphasizes that the bank will continue to assess and expand its offerings based on client needs.

The post BBVA Swiss Branch Rolls Out USDC for Institutional Investors appeared first on CryptoTale.

Nigeria’s SEC plans to enforce regulations on all unregulated crypto exchanges.

SEC approved two crypto exchanges, Quidax and Busha, under its regulatory framework.

SEC aims to protect investors and ensure compliance with strict anti-fraud measures.

The Securities and Exchange Commission (SEC) has announced plans to initiate enforcement actions against individuals and businesses operating in cryptocurrency without proper regulatory oversight. This step follows the approval of two crypto exchanges under its supervision. 

According to local reports, SEC Director-General Dr. Emomotimi Agama emphasized the Commission’s commitment to protecting investors and ensuring that market participants adhere to regulatory frameworks.

Focus on Regulatory Compliance

Dr. Agama underscored the importance of compliance in the crypto market. With the rapid growth of digital assets, the SEC aims to create an environment where innovation can thrive while safeguarding investor interests. Notably, this announcement comes after the recent approval of two exchanges, Quidax and Busha, which are now the first officially recognized crypto platforms in Nigeria.

Agama reiterated the SEC’s intent to regulate all entities operating in the digital space, stressing that businesses must meet the Commission’s stringent guidelines. By closely monitoring activities, the SEC aims to prevent fraud and misinformation in the digital market.

According to Agama, total transparency, anti-money laundering (AML) measures, and combating the financing of terrorism (CFT) protocols will be critical areas of focus in ensuring that crypto operations do not undermine the country’s economy.

Stricter Measures for Market Participants

The SEC’s stance on regulation is clear: Non-compliant businesses will not be allowed to operate in the Nigerian crypto market. Dr. Agama mentioned that while numerous exchanges have submitted applications, only those meeting the Commission’s high standards will be granted licenses. This approach ensures that investors are protected while allowing innovative platforms to emerge.

In addition to crypto exchanges, the SEC has expanded its regulatory incubation programs to include four other companies testing their models under the Regulatory Incubation (RI) Program. These companies, including Trovotech Ltd and Dream City Capital, aim further to integrate digital assets into the Nigerian financial landscape. The Commission emphasized that other applications are still under review and will be assessed case-by-case.

Investor Protection as a Priority

The SEC’s focus on regulating the crypto market reflects the increasing interest of young Nigerians in digital assets. However, while fostering this interest, the Commission remains committed to ensuring that all platforms operate transparently. 

To achieve this, Agama stressed the importance of education and clear regulatory frameworks. The approval of Quidax and Busha represents a significant step towards a well-regulated digital asset market, offering investors protection and ensuring that innovation is not stifled.

The post  SEC to Crack Down on Unregulated Exchanges in Nigeria Soon appeared first on CryptoTale.

Agile Energy X turns surplus renewable power into Bitcoin mining, reducing waste.

Japan’s goal of carbon neutrality benefits from Agile Energy X’s green mining strategy.

Using Bitcoin mining for excess energy could generate ¥360 billion annually in Japan.

Agile Energy X, a subsidiary of Tokyo Electric Power Company (TEPCO), is pioneering an innovative approach to Bitcoin mining by utilizing surplus electricity from renewable sources. This project, currently underway in Tochigi and Gunma prefectures, marks a significant step in integrating green energy with cryptocurrency operations.

Addressing Surplus Power Challenges

The initiative addresses a key challenge in renewable energy by tackling surplus power. Renewable sources, such as solar and wind, often generate more electricity than needed during peak production times. If not utilized, this excess energy goes to waste because of the constraints of energy storage systems. Agile Energy X seeks to convert this surplus power into a valuable asset by employing Bitcoin mining.

Revolutionizing Energy Management

Kenji Tateiwa, President and CEO of Agile Energy X, highlights the project’s importance in promoting the adoption of green energy. He said,”

Providing these power generation companies, which are struggling with overinvestment, with a new source of income through Bitcoin mining would help promote the adoption of green energy.

By creating a demand for excess electricity through BTC mining, the company hopes to provide a new revenue stream for power generation companies. This, in turn, could help mitigate the issue of wasted energy and support the broader goal of carbon neutrality.

As Japan aims to achieve zero greenhouse gas emissions by 2050, renewable energy will become increasingly critical. Agile Energy X’s calculations suggest that if nearly half of Japan’s electricity supply were derived from renewable sources, it could result in significant wasted energy. 

However, using just 10% of this surplus for Bitcoin mining could generate 360 billion yen annually, revolutionizing how excess energy is managed and utilized.

BTC Mining to Balance Energy Supply

Moreover, Agile Energy X plans to purchase surplus electricity from local governments and renewable energy businesses. This strategy will support local energy production and boost the local economy. By improving profitability for renewable energy businesses and alleviating congestion in the power system, the project aims to create a more balanced and efficient energy grid.

Using Bitcoin mining to balance energy supply and demand has been introduced previously. Similar strategies are already in place in the US, particularly in Texas. These operations help stabilize the power grid by consuming excess supply and adjusting mining activities based on local electricity demand.

Agile Energy X expanded its efforts by signing a memorandum of understanding with the Permian Energy Development Laboratory in Texas. This collaboration will focus on developing a “circular economy model” that integrates renewable energy with Bitcoin mining and waste heat utilization. This partnership aims to advance the innovative use of surplus energy further.

The post Agile Energy X Turns Renewable Surplus into Bitcoin Profits appeared first on CryptoTale.

Fractal Bitcoin blends proof of work and merged mining, accelerating block times.

The launch was marked by a contentious 50% premine, sparking widespread discussion.

Borrows core features from Bitcoin, setting a total supply limit of 210 million.

Fractal Bitcoin has officially activated its mainnet, unveiling a version that heavily borrows from Bitcoin Core v24.0.1. The announcement came through a social media post by @mononautical, a developer in the memepool community. This new blockchain integrates familiar elements from other projects like namecoin and bcash but introduces significant tweaks in its consensus mechanism.

"Fractal Bitcoin" launched their mainnet a few hours ago.

It appears to be a hastily cloned copy of Bitcoin Core v24.0.1, with a few consensus tweaks and some code ripped off of namecoin and bcash.

The chain also started with a hefty and immediately spendable 50% premine. pic.twitter.com/usqEcCsMH6

— mononaut (tx/acc) (@mononautical) September 9, 2024

The primary alterations in Fractal Bitcoin include a combination of standard proof of work and merged mining blocks. It boasts a rapid 30-second target block time and features a continuous difficulty adjustment mechanism directly lifted from bcash. Its tokenomics reveal a striking difference: a maximum supply cap of 210 million tokens, with an initial block reward set at 25 tokens. These rewards will see a halving every 2.1 million blocks.

Premine Sparks Market Debate 

The most controversial aspect of this launch is the substantial premine. Initially, the founders made 50% of the total token supply fully spendable. This immediate availability starkly contrasts with the gradual earnings miners will accumulate over two years—the length of a halving period for Fractal Bitcoin.

BTC Dominance Peaks: Does It Mark the End of Bear Market?

Further scrutiny of the project’s litepaper reveals an ambitious yet vague use of technical jargon. Terms like “virtualization,” “recursive scaling,” and “layered approaches” pepper the document, yet the practical deployment shows little alignment with these concepts. Critics, including @mononautical, have labeled the project as just another “shitfork” of Bitcoin, suggesting it offers minimal innovation or real-world application.

Critics Challenge Technical Claims

Token distribution beyond the hefty premine includes 15% allocated to an ecosystem treasury and another 10% reserved for community grants. Smaller portions of the supply are earmarked for presales and consultants, each receiving 5%. Core contributors are allocated 15% of the total tokens, with specific caps set on annual distributions to ensure a controlled release over a decade.

The setup of Fractal Bitcoin underscores a trend in the crypto space: New chains often mimic established protocols with minor tweaks, focusing more on market capture than technological innovation. As the community reacts to these developments, the actual utility and acceptance of Fractal Bitcoin remain to be seen.

The post Fractal Bitcoin Launches a Clone with Tweaks and Issues appeared first on CryptoTale.

Friend.tech token moves its powers on smart contracts to a null address of Ethereum.

The null address of ETH is a burn address, and tokens sent cannot be revived or reused.

The transfer comes three months after the token announced building a blockchain.

Friend.tech, a platform built on Ethereum layer 2 Base, made headlines on Sunday by transferring the powers of its token, FRIEND, to an empty Ethereum (ETH) address. Market observers stated that the empty address is a burn address, and tokens, once sent in, cannot be reused or revived.

Moving the Power

According to an official announcement on X, the platform stated that the admin and ownership parameters have been set to an address to prevent any future changes to its fees or functionality. However, the platform assured its users that the separate web client it operates will maintain its operations. Further, the platform asserted that its development team will no longer receive fees from smart contracts or the token end. 

Admin and ownership parameters have been set to 0x000…000 to prevent any changes to their fees or functionality in the future.

This change does not affect the separate web client operated at https://t.co/YOHabcBL3H which will continue to function as is. No fees from either…

— friend.tech (@friendtech) September 8, 2024

New Blockchain – Friendchain

Interestingly, this drastic move of transferring power came three months after the platform announced that it was building a blockchain of its own. Named ‘Friendchain,’ the blockchain will be developed in collaboration with Conduit, a crypto-native infrastructure platform. Notably, the platform’s native token, $FRIEND, will empower the upcoming blockchain.

However, the announcement was met with mixed reviews, which negatively impacted the token. Moreover, the platform stated in July that it would be using the Base L2 network for the $FRIEND token, which created more uncertainty around the token. 

Friend.tech Faces Uphill Battle as Metrics Witness Sharp Decline Inception of Friend.tech

Launched last August, the friend.tech gained traction by allowing its users to buy and sell their shares on their social media handles. Utilizing this option, the platform attracted over 1 lakh users and gained over $2 billion in a short while from its debut. However, the initial excitement reduced, and the platform struggled to satisfy its users. Furthermore, users faced difficulty claiming tokens during an airdrop in May. 

At the time of writing, the platform experienced a 26% loss and is priced at $0.0591. As reported by Coingecko, the total value locked (TVL) on the platform has also plummeted to $3,461,583.

The post Friend.tech Moves Control to a Null Address of the Ethereum appeared first on CryptoTale.

Bitcoin dominance shows potential signs of peaking, hinting at a possible market shift.

Analyst suggests a bullish divergence in Bitcoin, indicating a potential breakout.

Altcoin’s market cap in BTC has reached its highest point since July, signaling positive.

Bitcoin has experienced a recent decline, leaving the cryptocurrency struggling to regain its footing. The digital asset is trading sideways, reflecting a broader trend in the crypto market. The price movement has been marked by volatility, with Bitcoin struggling to break out of this fluctuating range. This pattern aligns with the broader movements observed across other major cryptocurrencies, indicating a period of uncertainty in the market.

Bitcoin dominance may be approaching its peak, signaling a potential shift in the market. According to prominent crypto analyst CryptoMichNL, a substantial bearish divergence has emerged, with Bitcoin pairs gaining while Bitcoin undergoes significant corrections.

The #Bitcoin dominance might be peaking.

A massive bearish divergence starts to exist, and #Bitcoin pairs are increasing while Bitcoin is correcting substantially. pic.twitter.com/QlF5zKxrRZ

— Michaël van de Poppe (@CryptoMichNL) September 7, 2024

In his latest analysis, CryptoMichNL examined Bitcoin’s market cap dominance trends. He noted that the patterns indicate a possible end to the ongoing bear market. The analysis, which includes a detailed chart with strategic annotations, points to key movements in Bitcoin’s dominance over the years. A significant drop, marked by a red vertical line, is highlighted as a crucial point.

The analyst suggests that the current trends could signal a reversal from the extended bearish phase. His chart identifies a specific area where the bear market might conclude, offering a glimmer of hope for market participants looking for a turnaround.

Bitcoin Falls Below $56K as Crypto Market Faces Extreme Fear

In another analysis by CryptoMichNL, the altcoin market capitalization in Bitcoin terms has reached its highest point since late July. This development is seen as a significant breakout, offering positive prospects for the market. 

The #Altcoin market capitalization valued in Bitcoin is at the highest level since the end of July.

Good perspectives, and it's a pretty substantial breakout.

Better times are ahead. pic.twitter.com/s1oBRwZ2sH

— Michaël van de Poppe (@CryptoMichNL) September 7, 2024

CryptoMichNL’s recent analysis reveals a strong bullish divergence in the Bitcoin chart, indicating a potential breakout. The chart shows a descending wedge pattern forming since early 2023, with BTC consistently finding support at lower levels. 

Over the past 24 hours, Bitcoin’s price has declined significantly, shedding 3.12% of its value. At the time of writing, Bitcoin hovered at $54,380, reflecting recent market volatility. The cryptocurrency’s market cap is $1.07 trillion, and its 24-hour trading volume is $45.87 billion, marking a 40.73% increase. 

Source: TradingView

The daily technical indicators for BTC reveal a mixed sentiment in the market. The Relative Strength Index (RSI) currently stands at 36, indicating that Bitcoin is hovering in a neutral zone. Meanwhile, the MACD (Moving Average Convergence Divergence) shows a bearish crossover, with the MACD line below the signal line, suggesting a potential downtrend.

The post BTC Dominance Peaks: Does It Mark the End of Bear Market? appeared first on CryptoTale.

OpenAI reaches 1 million paid users, marking a 67% growth since April’s 600,000 users.

New premium plans, including AI models like Strawberry, may cost up to $2,000 monthly.

Elon Musk’s xAI, launched in 2023, is expected to become a competitor by late 2024.

OpenAI, the company behind ChatGPT, has officially surpassed 1 million paid users across its business services, including ChatGPT Enterprise, Team, and Edu. A recent report shows a 67% increase since April when it had 600,000 users. The company’s advanced AI models have driven this rapid growth, particularly in the enterprise and educational sectors.

OpenAI reached 1 million paid users for ChatGPT — and it could start charging more https://t.co/5rxcZmOCIj

— Quartz (@qz) September 5, 2024

Premium Subscription Plans  

As OpenAI expands, the company is preparing to launch higher-tier subscription options. These plans would coincide with new AI models like Strawberry and Orion. The new subscriptions may cost up to $2,000 monthly, catering to businesses requiring more robust AI solutions and features.

xAI Emerges as Competitor

While OpenAI grows, competition is heating up with the emergence of Elon Musk’s AI venture, xAI. Launched in July 2023, xAI introduced the Grok-2 AI assistant, available to X (formerly Twitter) users with premium subscriptions. Musk has suggested that xAI could become a direct competitor to OpenAI by late 2024, increasing pressure on the market.

Investment Interest Rises

As OpenAI gears up for its next funding round, interest from major tech players, including Apple and Nvidia, has been reported. This round could push OpenAI’s valuation beyond $100 billion. Microsoft, which already owns a 49% stake in OpenAI following a $13 billion investment, is expected to join the upcoming round. 

User Growth Versus Revenue

On August 29, OpenAI announced that ChatGPT’s weekly active users had more than doubled over the past year, reaching over 200 million. Despite this increase, OpenAI’s revenue remains below projections, with annualized sales estimated at $3.4 billion as of May 2024. This gap highlights the challenge of monetizing such a rapidly expanding user base.

AI Giant OpenAI Endorses California’s ‘Watermark’ Bill

OpenAI has publicly supported California’s AB 3211 AI bill, which proposes mandatory watermarks on AI-generated content to ensure transparency. However, OpenAI has opposed SB 1047, a separate bill requiring safety testing for AI models. 

As OpenAI continues its rapid expansion, it faces opportunities and challenges in a highly competitive AI landscape. With a growing user base, new premium offerings, and significant investment interest, OpenAI is well-positioned to remain a key player in the industry.

The post OpenAI Reaches 1 Million Users, Plans Premium Subscription appeared first on CryptoTale.

On Friday, the US court denied the motion filed by CFTC in favor of predictions market Kalshi.

The regulatory body responded with an emergency motion pleading for a stay of 14 days.

CFTC is yet to decide whether to file an appeal in the year-long legal proceeding. 

The US court’s decision has let the citizens of the country bet on the upcoming election through derivatives. Kalshi has secured a victory in the year-long legal proceeding by defeating the Commodity Futures Trading Commission (CFTC) in the US courtroom on September 6. Late Friday, the agency submitted an emergency motion requesting a federal judge to issue a temporary stay on her ruling in favor of Kalshi.

Kalshi’s Victory

During 2023, the CFTC refrained the financial exchange and prediction market Kalshi from offering contracts that would allow betting on which party would control each chamber of Congress after the US elections scheduled on November 4. The agency argued that such contracts would constitute illegal gambling and be “against the public interest.” In response, Kalshi filed a lawsuit, criticizing the decision as “arbitrary and capricious.”

On Friday, Judge Jia Cobb of the US District Court ruled in favor of Kalshi, overturning CFTC’s decision. In response to the development, the Kalshi co-founder and CEO Tarek Mansour acknowledged that the election markets have become legal in the United States for “the first time in 100 years.”

Variant Fund chief legal officer Jake Chervinsky stated that it is “Huge Win” for Kalshi. He added,

“I want to see the opinion before I start dancing on the grave of the administrative state, but this is even more evidence that the best way to deal with regulatory overreach is to FILE MORE LAWSUITS.”

Gemini Joins Coinbase To Urge CFTC To Withdraw Event Contracts Proposal CFTC’s Response

After the court’s decision, the CFTC responded with an emergency motion requesting Cobb to stay her order for 14 days. The stay can forbid Kalshi from listing election markets. The agency mentioned,

“Without the benefit of the Court’s reasoning, the CFTC is unable to make an informed decision whether to appeal, nor is it able to fully brief a motion for stay pending any forthcoming appeal.”

If the stay is approved, Kalshi would be prohibited from offering its election markets until at least late September. Earlier, Coinbase also shared its concern about CFTC’s stance on event contracts. The leading cryptocurrency exchange outlined that their proposed rules could significantly impact the future of predictive event contracts.

The post Kalshi Got Clearance For Predictions Market Against CFTC appeared first on CryptoTale.

Neiro surged over 600% after Binance introduced its USD-margined perpetual contract.

Neiro became the most tweeted altcoin on September 6, surpassing key competitors.

A whale purchased 17.5 million NEIRO, making them the most significant individual holder of the token.

NEIRO, a rising memecoin and competitor to Shiba Inu, has experienced a remarkable surge of over 600% following the introduction of its USD-margined perpetual contract by Binance. This surge comes amid a broader downturn in the crypto market, as top assets like Bitcoin (BTC) and Ethereum (ETH) struggle due to economic uncertainty.

The NEIRO token saw its price skyrocket after Binance launched its NEIROETHUSDT perpetual contract, which allows traders to leverage up to 75x. The contract, which went live on September 6, immediately triggered significant market activity, propelling the token’s value upward.

Massive Price Surge

Following the Binance announcement, Neiro’s price surged by more than 100%, reaching a daily high of $0.1805. This price spike represents a 678.68% increase from its recent low of $0.02318 on September 3. As of press time, Neiro is trading at $0.1592, showing a rise of 162.58% over the past week.

Rising Concerns Over Neiro Crypto: Potential ‘Pump and Dump’ Scheme

The listing on Binance significantly increased attention around the memecoin, making it the most tweeted altcoin on September 6, according to data from AltsDaddy, an on-chain analytics platform. Neiro outperformed other popular tokens, including Floki Inu (FLOKI), Solana (SOL), and Kaspa (KAS), during this period.

Fridays Top Tweeted #Altcoins

1⃣ $NEIRO
2⃣ $FLOKI
3⃣ $SOL
4⃣ $CSIX
5⃣ $VELO
6⃣ $KAS
7⃣ $PROPS
8⃣ $LAND
9⃣ $SUNDOG
$SOON#altssason #alts pic.twitter.com/yeH3RIxsDg

— AltsDaddy (@AltsDaddycom) September 6, 2024

Whales Enter the Market

The Binance listing and similar perpetual futures offering on OKX have sparked interest from large-scale investors. One whale, in particular, made headlines after purchasing 17.5 million NEIRO tokens for $3 million, as reported by blockchain analytics platform LookonChain. This whale’s transaction made them the largest individual holder of NEIRO, according to data from Etherscan. They hold over $5.2 million in digital assets, with NEIRO representing the most significant portion.

After #Binance announced the launch of $NEIRO perpetual contract, a whale with $5.2M assets spent ~$3M to buy 17.5M $NEIRO, becoming the largest individual holder of $NEIRO!https://t.co/og5bXjuTxS pic.twitter.com/cpav3iQ8Za

— Lookonchain (@lookonchain) September 6, 2024

Market Impact and Outlook

While Neiro saw massive gains, the overall crypto market continues to face downward pressure, with top cryptocurrencies like Bitcoin, Ethereum, and Shiba Inu experiencing at least 3% declines. This market drop followed mixed economic data from the U.S. nonfarm payrolls report, which caused widespread concern among investors.

Despite the broader market challenges, Neiro’s explosive growth highlights its potential as a memecoin to watch. As it continues to capture the attention of investors and traders, particularly after its listings on significant exchanges, its price movement is expected to remain in the spotlight.

The post Neiro Surges 600% After Binance Perpetual Contract Launch appeared first on CryptoTale.

Cardano set a new record of 35,000 ADA on daily trading volume for the first time.

The Snek.Fun platform quickly gained popularity among creators and traders alike. 

The platform increased API flow and slowed transactions within the first hour of its debut.

In what could be a remarkable feat, Cardano achieved a significant milestone in daily trading volume on Friday by crossing over 35,000 ADA for the first time. The achievement follows the launch of Snek.fun, a premiere launchpad on Cardano created by the Snek and Splash Protocol teams.

Setting a New Record

Snek.Fun, a meme coin-focused launchpad, posted on its X profile that Cardano had set a new record for daily trades. The Snek platform was launched earlier this month. Its inception on the Cardano network on Thursday sparked a tremendous growth in the number of transactions, pushing the blockchain to new heights. 

Cardano just set a new ALL TIME record for daily trades pic.twitter.com/uwUIwZzoER

— Snek (@snek) September 6, 2024

Cardano‘s founder, Charles Hoskinson, congratulated the community on Saturday, noting that the network recorded its highest-ever 24-hour decentralized exchange (DEX) trading volumes. Previously, Cardano had attained over 30,000 ADA in 24 hours on August 8 of this year. 

The Inception of Snek.Fun

The Snek.Fun platform, which allows users to create and generate meme coins, attracted thousands of users within a few minutes of its launch. The platform takes 25 ADA per meme coin creation, introducing a new value to Cardano. It adds liquidity to the blockchain and provides a fresh start similar to that of Solana (SOL) and Ethereum (ETH). Analyst Max Maher said that just like SOL became popular with the advent of meme coins and ETH gained traction with ETFs, Cardano can create a buzz around the Snek platform and increase its strength. 

Hoskinson Shares Key Updates on Cardano’s Chang Hard Fork

Snek.Fun platform quickly gained popularity among creators and traders alike. The launchpad saw a massive influx within the first hour of its debut, causing an overload in the user interface and a delay in transactions due to demand. With its unique features and robust community base, Snek.Fun platform could strengthen Cardano in the long run and eventually attract more users and projects to the blockchain.

The post Cardano’s New Benchmark: Hoskinson Honors Snek.Fun Launch appeared first on CryptoTale.

Chainlink may be ending a correction or facing one final dip before a turnaround.

LINK’s price is nearing the key support level around $6.4, crucial for a bullish shift.

The altcoin market shows bearish trends with ETH, BNB, SOL, XRP, and DOGE declining.

The altcoin market is undergoing significant shifts, with Chainlink (LINK/USD) prominently featured in the latest Elliott Wave analysis. At press time, Chainlink is trading at $9.89, having dropped by 0.34%. Charting Guy, a technical analyst, highlights two potential scenarios. The market may be approaching the end of its corrective phase, possibly forming a truncated wave 5 of the C wave. Alternatively, there might be one final dip before a potential mid-month turnaround.

ALTCOINS UPDATE

final shakeout going as planned

now, was this the low and is it forming a truncated wave 5 of the C wave?

or do we get a final final dip into mid month?

open to both ideas, really 50/50

either way we are at the lows or close imo

been waiting

FINALLY https://t.co/Qlk1DXzn7E pic.twitter.com/CMAOmThJfU

— Charting Guy (@ChartingGuy) September 7, 2024

Further analysis of the 2-day chart shows that the recent Elliott Wave pattern indicates Chainlink’s price action is following a classic impulse and corrective wave structure. The impulse waves—Waves 1, 3, and 5—reflect the bullish trends, while corrective waves (2, 4, A, B, C) indicate periods of market correction. The focus is on Wave C, which appears to be nearing its end. This phase often signals a potential turning point or the formation of a new bullish trend.

Historically, resistance around $24 has been a significant barrier, with previous peaks of Wave 5 occurring around the $20 mark. Another critical resistance was observed at $16, where Wave B formed. These levels are pivotal in determining the strength of the ongoing correction.

On the support side, levels around $6.4 are notable, as this represents the bottom of Wave C and a projected Wave 2. This zone has been a crucial support level in earlier corrections. Another important support level is $5.7, reflecting strong historical support. 

Chainlink’s Potential Bullish Breakout: Key Indicators to Watch Source: CryptoRank

In the broader context, the trend in the altcoin market reflects a general decline. Ethereum (ETH) has seen a drop of -2.94%, while Binance Coin (BNB) has fallen by -2.01%. Solana (SOL) has decreased by -1.47%, and XRP is down by -1.81%. Dogecoin (DOGE) has experienced a more significant drop of -3.23%. These movements underscore a bearish sentiment in the altcoin sector, influencing Chainlink’s price action and its potential for recovery.

The post Bearish Altcoin Market: Is Chainlink’s Correction Ending? appeared first on CryptoTale.

VanEck will liquidate its Ethereum Futures ETF, with shares delisted by September 16.

VanEck wants to focus on products such as the spot Bitcoin ETF, which is performing better.

The final liquidation of the Ethereum Futures ETF will occur around September 23, 2024.

VanEck, a prominent asset manager, has announced plans to close and liquidate the VanEck Ethereum Strategy exchange-traded fund (EFUT). The decision, made public on September 6, 2024, followed a thorough review of key aspects such as performance, liquidity, and investor demand. Shareholders have until September 16, 2024, to sell their shares before the fund is officially delisted from the market. The final liquidation will be completed around September 23, 2024, when remaining shareholders will receive a cash payout based on the net asset value of their shares. This move signals a shift in VanEck’s approach to its Ethereum-related offerings.

Now that our spot ethereum ETP has been approved, we are closing our ETF that invested in ethereum futures. https://t.co/xYfK6StoWS

— VanEck (@vaneck_us) September 6, 2024

These payouts will reflect the net asset value of the shares on the liquidation date. The asset manager’s decision follows an analysis of the fund’s underperformance and reduced investor interest, which ultimately led to the conclusion that the ETF was no longer viable.

Ethereum ETF Revolution: SEC Approvals, ARK Invest’s Exit, and Market Dynamics Performance Review Triggers Liquidation Decision

VanEck’s evaluation of the Ethereum futures ETF involved a detailed review of its performance and investor response since its launch. Despite initial optimism, the fund faced challenges in attracting sufficient investor interest and maintaining strong liquidity. These factors, combined with the overall performance of the ETF, contributed to the Board of Trustees’ decision to close the fund. 

This comes just a few months after VanEck launched its spot Ethereum ETF in July 2024, following the earlier release of its spot Bitcoin ETF in January of the same year. While the spot Bitcoin ETF has seen significant success with over $574 million in total inflows, the Ethereum futures ETF struggled to generate similar levels of interest.

Broader Impact on VanEck’s ETF Strategy

This latest development is part of VanEck’s broader strategy to fine-tune its ETF offerings. The closure of the Ethereum futures ETF reflects a strategic shift in response to market demand. 

By focusing on more successful products such as the spot Bitcoin ETF, which currently holds $605 million in Bitcoin reserves, VanEck aims to consolidate its efforts around higher-performing assets. The Ethereum futures ETF’s liquidation marks a pivotal moment for the firm as it continues to adapt its strategies in a rapidly evolving market.

The post VanEck to Close Ethereum Futures ETF, Deadline in September  appeared first on CryptoTale.

XRP shows bullish potential with cup-and-handle patterns on the four-hour chart.

Whale Alert detects large XRP transfers, raising concerns within the crypto community.

Ethereum futures-based ETF shuts down amid market volatility, shifting investor interest.

Cryptoinsightuk, a crypto analyst, reports that the XRP/ETH pair’s chart signals potential bullish trends. Several cup-and-handle patterns have formed on the four-hour chart, suggesting possible upward momentum. XRP currently holds strong support around 0.000219, with resistance at 0.000236. 

It might not be the way we want it to happen, but look where $XRP vs $ETH is again haah; pic.twitter.com/2iu3NkaBGg

— Cryptoinsightuk (@Cryptoinsightuk) September 6, 2024

A breakout above this resistance could trigger further gains for XRP holders. However, a failure to breach this level could lead to a retracement of support. Traders closely monitor volume and RSI indicators to predict the market’s next move.

Whale Alert Detects Large XRP Transfers

Blockchain tracking service Whale Alert reported several large XRP transfers in the past 24 hours, one of which was carried out by Ripple Labs. According to Whale Alert, Ripple moved 100 million XRP, worth over $54.59 million. 

100,000,000 #XRP (54,594,473 USD) transferred from #Ripple to unknown wallethttps://t.co/5UoknxkDkv

— Whale Alert (@whale_alert) September 6, 2024

This has raised concerns within the XRP community regarding Ripple’s intentions. Cumulatively, four substantial transactions have transferred over 187 million XRP. Traders are paying close attention to these transfers, anticipating potential market impacts.

XRP Market Volatility and Price Decline

XRP is valued at $0.526780 and has a 24-hour trading volume of $1.48 billion. Its market cap has dropped by 3.29% in the past 24 hours to $29.67 billion. XRP’s derivatives market indicates bullish sentiment, with trading volume spiking by 108.88% to $1.51 billion. 

Source: Coinglass

Long positions on Binance outnumber short positions by a ratio of 2.84, suggesting optimism. However, the market remains volatile, with significant short liquidations over the short term but larger long liquidations totaling $4.22 million within 24 hours. Traders are advised to stay cautious amid this volatility.

Ethereum’s Price Drop and ETF Shuttering

Ethereum is priced at $2,261.85, dropping by 5.07% in the past 24 hours. Its market cap stands at $272.14 billion. Despite the decline, the Ethereum derivatives market also shows bullish sentiment. Trading volume surged by 116.12% to $45.83 billion, while options volume rose by 94.36% to $792.12 million. 

Source: Coinglass

Long positions dominate the market across exchanges, and optimism for a price rise is high. However, like XRP, Ethereum’s market shows volatility, with $75.72 million in liquidations over 24 hours, primarily affecting long positions. Traders continue to position themselves for gains but remain cautious due to high liquidation levels.

Related News:

XRP To Moon? Analysts Predict Breakout Amid Massive Moves
Amid these developments, asset manager VanEck announced the closure of its futures-based Ethereum exchange-traded fund (ETF). The decision was influenced by performance, liquidity, assets under management, and a shift in investor interest towards spot cryptocurrency ETFs. The VanEck Ethereum Strategy ETF (EFUT) will cease trading on September 16, with fund assets being liquidated and returned to investors by September 23.

The post XRP Shows Bullish Patterns While Ethereum ETF Faces Closure appeared first on CryptoTale.

Bitcoin price growth slows in the 2022 cycle, reaching under 4x gains as the market matures.

The cycles show smaller price swings, indicating decreasing volatility and ascending stability.

Bitcoin hashrate hits an all-time high of 700M TH/s in 2024, showing stronger network security.

Bitcoin’s price behavior across multiple market cycles has shown a significant shift in recent years, marked by slow growth and reduced volatility. This data provides insights into how Bitcoin’s market is maturing as it becomes more institutionalized.

Diminishing Returns in Price Growth Across Cycles

A closer look at the chart illustrates that each Bitcoin cycle presents varied growth patterns. The initial Genesis to 2011 cycle witnessed steep and rapid gains. During this phase, Bitcoin’s price surged exponentially as adoption increased. 

The subsequent 2011 to 2015 cycle followed a similar pattern, showing significant growth. Yet it was not without its extreme volatility noted by sharp declines after peaks. In contrast, the 2015 to 2018 cycle experienced growth, though with reduced magnitude. The 2018 to 2022 cycle continued this trend with more tempered growth, peaking at 8 times the low, while the ongoing 2022 cycle has shown a more gradual recovery, trailing at under 4 times the cycle low.

Market Maturation and Reduced Volatility

While Bitcoin’s early cycles were characterized by dramatic price swings, the data suggests a gradual decline in volatility. For instance, the 2011 to 2015 cycle displayed sharp peaks and valleys, while the 2015 to 2018 cycle saw more stable fluctuations. This stabilization has become more evident in the 2018 to 2022 cycle, where the volatility was less pronounced. 

Bitcoin Price Is On A Recovery Stage: Can BTC Hit $69,000?

The ongoing 2022 cycle further supports the view that the market is becoming less speculative as Bitcoin integrates more into institutional frameworks and traditional markets. These observations indicate a shift in market dynamics as liquidity grows and the asset’s price becomes more stable over time.

Bitcoin Hashrate Hits New Record High

Elsewhere, another metric to keep an eye on is the growth in the Bitcoin network hashrate. Recent data reveals a strong correlation between hashrate growth and Bitcoin’s price. From 2010 to 2024, the hashrate surged, recently reaching a new all-time high of around 700 million terahashes per second. 

JUST IN: #Bitcoin's hash rate hit a new ALL TIME HIGH pic.twitter.com/LUFSd40rRq

— Bitcoin Magazine (@BitcoinMagazine) September 6, 2024

This growth in computational power used for securing the Bitcoin network indicates the increasing competition among miners. The continuous increase in hashrate reflects the market’s trust in Bitcoin’s network security and its growing influence in the global financial system.

The post BTC Growth Slows as Market Matures, Hashrate Hits Record appeared first on CryptoTale.

NY Judge allows partial document disclosure to Coinbase but rejects Gensler’s subpoena.

Coinbase reduces demand for Gensler’s private communications based on SEC assurances.

Judge Failla orders extensive SEC document production regarding the Howey Test analysis.

The New York Court has partially granted a motion by cryptocurrency exchange Coinbase against the U.S. Securities and Exchange Commission (SEC). The court’s decision allows Coinbase to access specific documents but denies the request to subpoena SEC Chair Gary Gensler.

Court Grants Partial Document Access

During a telephonic conference on September 5, 2024, U.S. District Judge Katherine Polk Failla ruled out Coinbase’s July motion. The ruling compels the SEC to release documents central to Coinbase’s ongoing litigation. However, the court dismissed Coinbase’s effort to subpoena Chair Gensler.

Coinbase initiated legal action against the SEC last year, alleging the agency improperly sued them for operating without proper registration. The lawsuit is in the discovery phase, where each party gathers evidence from the other.

Coinbase requested documents regarding the tokens involved in the SEC’s complaint and information about how the SEC viewed Coinbase’s status as a public company in April 2021.

They also requested documents on statements Gensler made during his tenure, both in his personal and professional zones.

SEC Challenges Coinbase’s Discovery Requests as ‘Excessive’ Subpoena Request For Gensler Denied

Judge Failla has limited the scope of the subpoena against Gensler. Initially, Coinbase had served a subpoena in June demanding the Chair provide documents related to his private emails from 2017 to the present. This request was later narrowed down to his period at the helm of the SEC starting in 2021. Following discussions, Coinbase withdrew this request based on assurances from SEC counsel that Gensler did not use personal communication channels for SEC business.

The court also narrowed the types of documents the SEC must provide. It focused on the Howey Test, a method used to determine if a transaction qualifies as an investment contract. Coinbase had argued for the SEC to conduct a preliminary search of non-enforcement files to challenge the agency’s claims of undue burden. The court required the SEC to expand its search beyond the five staff members initially proposed but did not extend this to current or past commissioners.

Coinbase Gains Key SEC Documents

Additionally, Judge Failla allowed the SEC to keep certain internal documents sealed, especially those with external attachments. This decision follows her granting the SEC’s motion to “permanently file under seal” certain redactions.

Coinbase’s Chief Legal Officer Paul Grewal commented on the court’s decision. He emphasized that despite withdrawing one subpoena request, the order significantly aids Coinbase’s defense by granting access to crucial SEC documents related to their Howey analysis.

Grewal shared his satisfaction with the court’s ruling on social media, noting the importance of the documents the court has ordered the SEC to produce. He expressed gratitude for the Judge and indicated plans to share the court transcript shortly.
The court’s decision marks a pivotal moment in the legal battle between Coinbase and the SEC. It provides the exchange with essential documentation for its defense while setting boundaries on the scope of information it can seek.

The post Judge Denies Gensler Subpoena in SEC vs Coinbase Dispute appeared first on CryptoTale.

India’s Financial Intelligence Unit will assess four offshore cryptocurrency exchanges.

The exchanges would be approved before 2025 based on a stringent compliance review.

The move to bring in offshore exchanges paves the way for the growth of the crypto economy.

Crypto users in India can heave a sigh of relief as new crypto exchanges will come to pass before 2025. India’s Financial Intelligence Unit (FIU-IND) will assess around four offshore cryptocurrency exchanges, of which two will get the nod, implying that they can initiate operations.

Stringent Compliance Test

Although the names of the offshore exchanges are not yet revealed, they would follow the example of Binance and KuCoin, which were previously banned for non-compliance with India’s strict anti-money laundering (AML) laws.

According to a source, the Financial Intelligence Unit-India (FIU-India) will approve the new offshore exchanges based on their compliance with transaction visibility, suspicious transaction reporting (STR), and other AML protocols.

Re-entry of Binance, KuCoin

Following the ban imposed in 2023, over nine offshore cryptocurrency exchanges banned their operations in India. Earlier in March 2024, KuCoin was the first exchange to revoke the ban on its website by paying a hefty fine of over 35 lakhs INR to comply with Indian regulations. Binance followed behind in August by spending over $2 million on the Financial Intelligence Unit to resume its operations. 

India to Release Cryptocurrency Policy Paper by September, Says DEA Secretary Enhancing Domestic Market Competition

The decision to reintroduce offshore exchanges into the Indian market comes during significant growth in the domestic cryptocurrency ecosystem. The re-entry is expected to enhance market competition and offer Indian investors more diverse options. The conservative yet innovative approach suggests new pathways and provides rigorous control to check non-compliance and fraud against investors.

Crypto Legislation Paper

The Indian government has evolved its approach to the crypto platform by balancing innovation and financial security. The Department of Economic Affairs (DEA) has proposed to release a consultation paper between September and October regarding crypto legislation in the country. The paper will provide deep insights from industry holders in shaping the country’s long-term regulatory framework for digital assets.

The post Indian Regulators To Approve Offshore Crypto Exchanges appeared first on CryptoTale.

Bitcoin’s MACD indicator flip turns bearish, signaling a potential market correction.

Experts predict Bitcoin could fall to the $46K range as cautious sentiment dominates.

With mixed signals and indicators, traders prepare for possible increased volatility.

Crypto Rover, a crypto analyst, has raised alarms as Bitcoin’s Moving Average Convergence Divergence (MACD) indicator turns bearish. At press time, Bitcoin is priced at $56,835.87, showing a 0.24% increase in the last 24 hours with a trading volume of $34.54 billion. Despite this modest uptick, market sentiment remains cautious. 

The #Bitcoin MACD is flipping bearish!

Should we be worried? pic.twitter.com/PRdTwIIS2d

— Crypto Rover (@rovercrc) September 6, 2024

Bitcoin’s dominance has slightly decreased, while the Crypto Fear & Greed Index points to extreme fear, sitting at 22. This bearish flip in the MACD is leading some traders to prepare for potential volatility, with some analysts predicting a price correction to lower levels.

Source: Coinglass

Potential Correction Amid Bearish Indicators

The Bitcoin market is showing signs of caution as bearish technical signals emerge. Veteran analyst Peter Brandt has warned of a possible correction, suggesting Bitcoin may test the mid-$40,000 range. 

This is called an inverted expanding triangle or a megaphone. A test of the lower boundary would be to 46,000 or so. A massive thrust into new ATHs is required to get this bull market back on track $BTC
Selling is stronger than buying in this pattern pic.twitter.com/ekDZUJXXgd

— Peter Brandt (@PeterLBrandt) September 5, 2024

This prediction aligns with Bitcoin’s recent trading pattern, marked by sharp fluctuations and intense resistance levels near $71,000 and $68,200. Despite the current price holding above $56,000, the MACD flip could signal a downturn, driving further caution among traders.

Bitcoin Falls Below $56K as Crypto Market Faces Extreme Fear Cautious Sentiment Prevails in Crypto Markets

Additionally, Bitcoin’s exchange balance has slightly reduced as more BTC is moved to private wallets, hinting at a long-term bullish sentiment. However, short-term trading indicators remain mixed. Futures markets are active, with a notable rise in options open interest, which may indicate preparations for increased volatility. Funding rates and long/short ratios suggest traders are cautious, waiting for clearer signals.

Source: Santiment

Gold futures have dipped by 0.38% to $2041.65, while the U.S. Dollar Index saw a minor increase. This shift suggests investors move towards less volatile assets, reflecting broader market uncertainty. As Bitcoin’s price faces potential headwinds, investors remain watchful, taking strategic positions to manage risk in an increasingly volatile market.

The post MACD Flip: Bitcoin (BTC) To Witness Potential Dips to $46K appeared first on CryptoTale.

Ripple co-founder Chris Larsen joined 88 business leaders for Kamala Harris’  2024 elections.

Former Ripple board member Gene Sperling also left Biden’s administration to support Harris.

The CEO also predicted that the SEC Chair may step down, regardless of the election outcome.

Chris Larsen, co-founder and executive chairman of Ripple, has officially endorsed Vice President Kamala Harris for her 2024 presidential bid. Larsen signed a letter alongside 88 other corporate leaders endorsing Harris. This letter, reported by CNBC on September 6, includes prominent figures such as Box CEO Aaron Levie, Yelp CEO Jeremy Stoppelman, Snap chairman Michael Lynton, and former 21st Century Fox CEO James Murdoch.

The support from Larsen and other business executives signals growing engagement from tech and cryptocurrency sectors in the political process. While the endorsement doesn’t solely focus on crypto, the involvement of leaders from the crypto world is noticeable as the industry continues to grow its influence in politics.

Gene Sperling Joins Harris’ Campaign

In addition to Larsen’s endorsement, Gene Sperling, a former Ripple board member, has also joined Harris’ campaign. Sperling, an economic adviser under multiple U.S. administrations, including Bill Clinton, Barack Obama, and Joe Biden, recently left his position at the White House in August to work with Harris. His departure signals an increasing number of individuals with a background in crypto taking part in major political campaigns.

David Plouffe, a former adviser to Binance and the crypto payments company Alchemy Pay, has also joined Harris’ 2024 campaign team, further showcasing the growing relevance of crypto-experienced advisers in U.S. politics.

Ripple CLO Urges VP Kamala Harris to End SEC’s Crypto War Impact on the Crypto Industry

Ripple CEO Brad Garlinghouse has suggested that the 2024 presidential election could have a notable impact on the crypto industry. Garlinghouse reportedly predicted that U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler will step down, regardless of the outcome of the election. While it’s unclear how this may affect the regulations, it’s evident that both Harris and her competitors are becoming increasingly involved with the crypto community.

The post Ripple’s Chris Larsen Backs VP Harris for 2024 Presidency appeared first on CryptoTale.