Author: Roland Guirdonan

Article written by Roland Guirdonan

A Shiba Inu whale who once made $145 million has now lost over $13.5 million

September 20, 2024 1 min read

A well-known Shiba Inu (SHIB) whale, who gained $145 million from trading SHIB in 2021, is now facing significant losses following a series of high-risk bets. On September 18, Spot On Chain revealed that the whale traded 1,003 ETH (worth $2.31 million) for 2.86 billion NEIRO tokens, owing to NEIRO’s recent increase. However, two of the whale’s recent trades, including one NEIRO swap and a SHIB trade, resulted in a

TON blockchain daily active addresses surge by over 3,435% in 2024

September 20, 2024 1 min read

In 2024, the Open Network (TON) blockchain has experienced a substantial rise in on-chain indicators, including trade volume, total value locked, active users, and daily transactions. Artemis data indicates a 760% year-to-date increase in the daily average trading volume on TON’s decentralized exchanges (DEX). The number of daily active addresses on TON increased from 26,274 in January to 902,737 in September, while daily transactions surged 12-fold from 232,286 in January

Former SEC executives will testify in a congressional crypto hearing

September 18, 2024 1 min read

On September 18, 2024, a congressional hearing will include former senior officials of the United States Securities and Exchange Commission (SEC) who are scheduled to provide testimony against the agency. The hearing, entitled “Dazed and Confused: Analyzing the SEC’s Politicized Approach to Digital Assets,” will examine the SEC’s contentious rules on crypto under Chair Gary Gensler. Prominent witnesses comprise Dan Gallagher, a former SEC commissioner currently functioning as Chief Legal

Bitcoin surges almost 6% to above $61,000

September 17, 2024 1 min read

Bitcoin increased about 6% to surpass $61,000, concluding a three-day decline and recovering. The most valuable crypto globally is currently trading at $60,935, reflecting a 5.5% increase in the last 24 hours. The broader crypto market saw signs of revival, increasing its total value by over $45 billion, with Bitcoin and Ethereum spearheading the resurgence. The performance of the top 10 crypto by market capitalization has been inconsistent, reflecting a

MicroStrategy to raise $700 million to buy more Bitcoin

September 17, 2024 1 min read

MicroStrategy Incorporated intends to privately issue $700 million in convertible senior notes maturing in 2028, contingent upon market conditions. The business anticipates granting an option to acquire an additional $105 million in notes to first purchasers within 13 days of the notes’ issuance. The funds will be allocated to redeem its $500 million senior secured notes maturing in 2028 and may also be utilized to acquire further Bitcoin. The unsecured

Crypto donations reach $190 million ahead of the 2024 US elections

September 16, 2024 1 min read

The 2024 US election is imminent, with crypto donations totaling $190 million, signifying an increasing connection between the crypto sector and politics. This rise is substantial, as both Democratic and Republican candidates strive to gain the support of the crypto community, indicating a crucial juncture for incorporating digital assets into mainstream politics. The surge of political contributions from the crypto business may induce significant transformations, perhaps facilitating more advantageous rules

KuCoin launches a $200,000 staking reward campaign for CATI holders

September 15, 2024 1 min read

KuCoin has created a new reward opportunity for users via the Catizen Telegram Bot, totaling $200,000 KCS. Users can bet CATI tokens to generate KCS, allowing them to increase their holdings while remaining active in the Catizen ecosystem. The staking campaign is open to any CATI holders looking to increase their KCS holdings. To participate, users must open the Catizen Telegram Bot, find the Airdrop icon, go to the staking

Coinbase launches a $6M fund to support NFT projects against SEC scrutiny

September 15, 2024 1 min read

Coinbase’s political advocacy group, Stand With Crypto, has established the Creator Legal Defense Fund to promote non-fungible token (NFT) initiatives. The $6 million fund, funded by venture capital firm a16z and NFT marketplace OpenSea, is in reaction to increased regulatory scrutiny, including a Wells notice issued to OpenSea by the US Securities and Exchange Commission. The fund’s goal is to defend the crypto community and urge creators to resist “misguided

CEX.IO Restarts UK business and claims to have met FCA compliance requirements

September 12, 2024 1 min read

CEX.IO, a centralized crypto exchange, has recommenced operations in the UK following a 10-month suspension due to compliance with Financial Conduct Authority (FCA) laws and a partnership with Nexo. The provisional suspension in October 2023 was a reaction to new FCA directives intended to bolster consumer safety within the cryptocurrency industry. CEX.IO currently provides access to 190 digital assets for its UK clientele, with more than 68% of its customer

Sony’s new Soneium blockchain testnet is live

September 11, 2024 1 min read

Sony Group has introduced its proprietary blockchain platform, Soneium, which incorporates Web3 technology into everyday life, offering developers a scalable, secure, and economical framework for creating creative apps. Sony has collaborated with prominent blockchain platforms including Astar Network, Alchemy, Chainlink, Circle, Optimism, and The Graph to improve the platform’s usefulness, scalability, and security. Soneium has introduced a testnet, named “Minato,” enabling developers and early users to engage with the network

Binance secures regulatory approval in Kazakhstan

September 8, 2024 1 min read

Binance, the world’s largest cryptocurrency exchange by trading volume, has received approval to operate in Kazakhstan, marking a huge regulatory success for the exchange. The Astana Financial Services Authority’s (AFSA) license enables Binance Kazakhstan to become the country’s first fully regulated Digital Asset Trading Facility (DATF). Binance Kazakhstan will be able to run a virtual asset trading platform, engage in major investing operations, and provide digital asset custody services once

Binance CEO Richard Teng calls for the immediate release of executive Tigran Gambaryan

September 4, 2024 1 min read

The conflict between Binance and Nigerian authorities has intensified as Tigran Gambaryan, an incarcerated executive, continues to deteriorate. The worsening of his illness following his contraction of malaria in May has sparked concerns, as there are allegations that officials have denied him adequate medical treatment. An unsettling video has surfaced depicting Gambaryan’s arduous attempt to walk on crutches as a result of spinal complications. Binance CEO Richard Teng expressed disapproval