Author: Roland Guirdonan

Article written by Roland Guirdonan

Circle submitted an IPO application to the US SEC

September 22, 2024 1 min read

Circle, a stablecoin issuer, intends to move its headquarters to Wall Street in 2025 and is preparing for a first public offering (IPO). Notwithstanding these endeavors, Circle remains subordinate to Tether, the industry leader, which commands a 70% share. Tether has designated Jesse Spiro, the former director of regulatory relations for blockchain and cryptocurrency at PayPal, as the head of government affairs. The USDC stablecoin, linked to the US dollar,

Germany shuts down 47 crypto exchanges for their role in facilitating criminal activities

September 22, 2024 1 min read

German authorities have closed 47 crypto exchanges for their involvement in assisting criminal acts, as stated in a joint announcement from the Central Office for Combating Internet Crime (ZIT) and the Federal Criminal Police Office (BKA). The exchanges were suspended following authorities’ determination of their involvement in money laundering activities. The authorities assert that the platforms facilitated anonymous crypto and other digital asset exchanges, obscuring the origins of criminal cash.

The CFTC secures a $36 million fine and prison sentence against crypto scammer

September 22, 2024 1 min read

The US Commodity Futures Trading Commission (CFTC) has secured a $36 million penalty against William Koo Ichioka, a perpetrator of currency and digital asset fraud. The case, initiated in June 2023, encompassed accusations of wire fraud, fraudulent tax returns, and stocks and commodities fraud. The CFTC determined that Ichioka allocated a significant portion of the monies for personal expenditures, encompassing luxury goods and lavish acquisitions. To sustain his deceitful enterprise,

Chainlink faces tough resistance and weakening momentum, raising doubts

September 21, 2024 1 min read

Chainlink (LINK) is seeing a large amount of opposition and is having a difficult time gaining pace. The rising trend of the crypto looks to be feeble, which raises worries about its potential for further expansion. This is despite the fact that it has recently gained. Chainlink needs to break past a crucial barrier and maintain higher levels in order to see returns. This demands a stronger bullish feeling on

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