Author: James Wilson

Article written by James Wilson

Decentralized social media Farcaster launches its mainnet

16 hours ago 1 min read

Farcaster has introduced a new protocol called Snapchain, which is similar to blockchain technology. This announcement came alongside the launch of their “Airdrop Offers” program. This program rewards users for actively engaging with the decentralized social media platform. Co-founder Varun Srinivasan revealed that Snapchain can process over 10,000 transactions per second. The development of Snapchain took only six months, moving quickly from concept to a functioning product. This new system

Fidelity launches an Ethereum-based share class called “OnChain”

23 hours ago 1 min read

Fidelity Investments is introducing a new share class called ‘OnChain’ for its Treasury money market fund. This initiative is based on the Ethereum blockchain and was announced in a recent filing with the U.S. Securities and Exchange Commission (SEC). Fidelity, which manages about $5.9 trillion in assets, will issue shares of its Fidelity Treasury Digital Fund (FYHXX) that will be recorded on the Ethereum blockchain. The OnChain share class aims

The SEC officially acknowledges the 21Shares spot Polkadot ETF filing

March 22, 2025 1 min read

The U.S. Securities and Exchange Commission (SEC) has recognized the filing for a 21Shares Spot Polkadot (DOT) ETF. This is an important step in the world of crypto investments. If the ETF is approved, it will let investors access Polkadot (DOT) directly without needing to own the cryptocurrency. 21Shares is a prominent crypto asset manager that aims to create regulated investment products for cryptocurrencies. The filing for the Polkadot ETF

Kentucky lawmakers secure Bitcoin self-custody rights

March 19, 2025 2 mins read

Kentucky lawmakers have passed HB 701, a bill that enhances Bitcoin self-custody rights and protects crypto mining operations. The bill received unanimous support and is now awaiting the governor’s signature. If enacted, it could strengthen Kentucky’s image as a pro-crypto state. Representatives Adam Bowling and T.J. Roberts introduced the bill. It allows individuals to manage their digital assets without interference. It also protects Bitcoin miners from unfair zoning regulations that

Pavel Durov to leave France for Dubai under modified judicial terms

March 16, 2025 1 min read

Pavel Durov, the founder of Telegram, has received permission to leave France for Dubai after changes to his judicial supervision terms. He departed from Le Bourget Airport near Paris with the approval of authorities. Durov was arrested at the same airport last August and placed under formal investigation. He was released on a €5 million bail but was not allowed to leave France while the investigation was ongoing. French authorities

Alameda Research unstakes Solana tokens and transfers them to FTX-linked wallets

March 13, 2025 1 min read

Alameda Research has recently unstaked a significant number of Solana tokens and transferred them to various addresses associated with FTX. Despite this large movement, the price and demand for Solana have remained stable. The overall bearish sentiment in the crypto market seems to overshadow any potential effects from these token transfers. On-chain data indicates that Alameda distributed the unstaked tokens across 38 wallets linked to FTX. This pattern is consistent

The OCC’s new guidelines allow U.S. banks to offer crypto and stablecoin services

March 9, 2025 2 mins read

The Office of the Comptroller of the Currency (OCC) has introduced new guidelines that allow national banks and federal savings associations to offer cryptocurrency custody and stablecoin services without needing prior approval. This change is significant for the cryptocurrency industry as it eases previous restrictions and allows banks to incorporate digital assets more easily. The new directive, called Interpretive Letter 1183, enables banks to operate under existing banking laws without

Mt. Gox transfers 12,000 Bitcoin valued over $1 billion after months of silence

March 6, 2025 1 min read

A wallet linked to Mt. Gox, a now-defunct cryptocurrency exchange, recently transferred 12,000 Bitcoin, valued at over $1 billion, to an unknown address. This transfer occurred as Bitcoin’s price rose to around $90,000. Earlier, the same wallet moved 166,505 Bitcoin, worth about $15 million, to a cold wallet. These transactions ended a long period of inactivity, following a significant transfer of $172 million in Bitcoin last December. The wallet still

The SEC closes its investigation into Yuga Labs

March 4, 2025 1 min read

The SEC has finished its investigation into Yuga Labs. This investigation looked into whether the company’s Bored Ape Yacht Club (BAYC) NFTs and ApeCoin broke federal securities laws. The probe began in October 2022. It aimed to find out if Yuga Labs’ NFTs and ApeCoin should be considered securities under U.S. law. The SEC used the Howey Test for this. The Howey Test comes from a Supreme Court case from

The SEC decides to stop regulating meme coins

March 2, 2025 1 min read

The SEC has decided to stop regulating meme coins as securities, classifying them instead as collectibles. This is a major change in how U.S. regulators view meme coins. While the SEC will not enforce securities laws on these coins, other agencies like the CFTC may still act against fraud related to them. This decision could lead to more innovation in the meme coin market but raises concerns about potential scams.

The crypto community is divided as experts debate an Ethereum rollback after Bybit’s $1.4B hack

February 25, 2025 1 min read

The crypto community is divided over the idea of rolling back Ethereum’s blockchain after Bybit’s $1.4 billion hack. Some experts, like Arthur Hayes and Samson Mow, support the rollback. They argue that Ethereum set a precedent in 2016 by rolling back the DAO hack. They believe a similar action should be taken now to prevent the stolen funds from being misused. A blockchain rollback would reverse confirmed transactions and restore

Kanye West denies ties to YZY tokens and plans to launch his own crypto next week

February 24, 2025 1 min read

Kanye West, now called Ye, has denied any links to YZY tokens in the market. He claims he will launch his own cryptocurrency next week. This announcement is surprising since he previously dismissed digital assets. His statement has led to speculation about his true involvement in crypto. On February 22, Ye posted on X, stating that all current tokens using his name are unauthorized. He declared, “All current coins are