Emma Davis

Court Demands SEC to Justify Its Stance on Crypto Rules After Coinbase Dispute

January 15, 2025 1 min read

The U.S. Court of Appeals for the Third Circuit has asked the SEC to clarify its refusal to establish clear regulations for cryptocurrencies. This request follows Coinbase’s appeal after receiving a Wells Notice from the SEC in March 2023, which accused the exchange of violating securities laws. One judge emphasized that the court is not forcing the SEC to create new rules but wants an explanation for its inaction. Another

JPMorgan CEO Jamie Dimon criticizes Bitcoin as lacking value

January 14, 2025 1 min read

Jamie Dimon, the CEO of JPMorgan, has expressed his skepticism about Bitcoin, likening it to an unhealthy habit like smoking. In a CBS News interview on January 12, he criticized Bitcoin for lacking intrinsic value and being associated with illegal activities such as money laundering and sex trafficking. Although he sees potential in digital currencies, Dimon remains opposed to Bitcoin specifically. Dimon clarified that he is not against all cryptocurrencies

Leading NFT marketplace OpenSea data breach exposes over 7M email addresses

January 14, 2025 1 min read

In June 2022, OpenSea, a leading NFT marketplace, experienced a significant data breach. A Customer.io employee accidentally exposed over seven million email addresses of OpenSea users. Initially, OpenSea informed users about the breach, but the complete list of affected emails was released later. This leak poses a serious risk as scammers may target these users. The leaked emails include addresses from notable figures and organizations in the cryptocurrency sector, making

Kenya plans to legalize cryptocurrencies

January 12, 2025 1 min read

Kenya is moving towards legalizing cryptocurrencies, according to Treasury Cabinet Secretary John Mbadi. This marks a significant change from the government’s earlier warnings about the crypto industry. Mbadi highlighted the rise of Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs), which present both opportunities and challenges in the financial system. He emphasized the importance of creating a regulatory framework to harness the benefits of cryptocurrencies while addressing risks like

Shareholders suggest Meta assess Bitcoin as a potential treasury asset

January 12, 2025 1 min read

Meta Platforms Inc. shareholders are urging the company to consider adding Bitcoin to its Treasury. They are concerned about inflation diminishing the value of Meta’s $72 billion cash reserves. Shareholder Ethan Peck is advocating for a formal evaluation of Bitcoin’s potential role in preserving value amid rising inflation. He argues that inflation is consistently reducing the purchasing power of Meta’s cash holdings. As of September 30, 2024, Meta reported $72

Trump’s administration plans to create the first Senate crypto subcommittee

January 11, 2025 2 mins read

The U.S. Senate Banking Committee, led by Senator Tim Scott, is set to establish a new subcommittee focused on cryptocurrency. This initiative will mirror the House Financial Services Committee, which is currently led by Patrick McHenry. Reports suggest that Republican Senator Cynthia Lummis from Wyoming will chair this subcommittee, with members to be selected soon. This development is viewed as a major advancement for crypto regulations in the U.S., reflecting

Grayscale Investments, a prominent crypto asset manager, has rebalanced four key investment funds for 2025 following its Q4 2024 portfolio review. The funds affected are the Grayscale Decentralized AI Fund (AI Fund), Decentralized Finance Fund (DeFi Fund), Digital Large Cap Fund (GDLC Fund), and Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund). In the AI Fund, Grayscale sold some assets and introduced Livepeer (LPT) along with tokens like NEAR Protocol, Render, Bittensor, Filecoin, and The Graph. This aims to enhance the fund's exposure to decentralized AI technologies. For the DeFi Fund, Grayscale replaced Synthetix with Curve. The updated portfolio now includes Uniswap, Aave, Lido, MakerDAO, and Curve, with Uniswap being the largest at 47.88% and Curve at 6.71%. The GDLC Fund saw Avalanche replaced by Cardano. Its current holdings consist of Bitcoin, Ethereum, Solana, XRP, and Cardano, with Bitcoin making up 73.52% and Cardano only 1.44%. The GSCPxE Fund also underwent changes, adding SUI to its portfolio, which now includes Solana, Cardano, Avalanche, Sui, NEAR Protocol, and Polkadot. These rebalancing efforts are designed to align the funds with market trends and strategies. Grayscale noted that these funds do not generate income but distribute assets to cover expenses, leading to a gradual decrease in total holdings. The rebalancing occurs quarterly based on performance evaluations. In October 2024, Grayscale considered 35 altcoins for future inclusion in its products, continuously updating its strategies.

Grayscale Investments rebalances its crypto fund

January 11, 2025 1 min read

Grayscale Investments, a prominent crypto asset manager, has rebalanced four key investment funds for 2025 following its Q4 2024 portfolio review. The funds affected are the Grayscale Decentralized AI Fund (AI Fund), Decentralized Finance Fund (DeFi Fund), Digital Large Cap Fund (GDLC Fund), and Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund). In the AI Fund, Grayscale sold some assets and introduced Livepeer (LPT) along with tokens like NEAR Protocol, Render,

Riot Platforms mined 516 Bitcoin in December

January 8, 2025 1 min read

Riot Platforms reported a Bitcoin production of 516 BTC in December 2024, which is a 4% increase from November’s 495 BTC. However, this figure represents a 17% decline compared to December 2023, when 619 BTC were mined. Daily production also fell from 20 BTC in December 2023 to 16.5 BTC in December 2024. The company is expanding its Corsicana facility in Texas, completing the first 400 MW development phase. CEO

Ripple CEO Brad Garlinghouse calls the 119th US Congress the most pro-crypto in history

January 7, 2025 1 min read

The 119th US Congress is being recognized as a pivotal moment for the crypto sector, with Ripple CEO Brad Garlinghouse expressing optimism about its potential to reshape the industry. On January 3, he highlighted the arrival of 298 pro-crypto legislators from both political parties, indicating a significant shift in Washington’s approach to digital assets. This sentiment is echoed by the crypto advocacy group Stand With Crypto, which anticipates productive collaboration

Bitcoin is back above $100K as the crypto market shows bullish signs

January 7, 2025 1 min read

Bitcoin (BTC) recently surged past the $100,000 mark, reaching approximately $102,000, marking its highest level since December 19. This increase of 2.5% within an hour coincided with the opening of traditional U.S. markets and represented a 4.3% rise over the previous 24 hours. Following a significant rally post-Donald Trump’s election victory, the crypto market experienced a correction at the end of 2024. BTC hit a local low of around $91,000

RLUSD, Ripple’s USD-pegged stablecoin, sees over 2000% surge in trading volume

January 6, 2025 1 min read

Ripple‘s USD-pegged stablecoin, RLUSD, has experienced a remarkable 2000% increase in trading volume shortly after its launch, reaching $612.85 million, according to CoinMarketCap. This surge has positioned RLUSD as the fourth most-traded stablecoin, with a market cap of $53.1 million. However, skepticism surrounds the authenticity of these figures, given the brief time since its introduction. A significant portion of the trading volume—over 96%—is attributed to the cryptocurrency exchange Bullish, which

Can XRP hit $11? Here what analyst says