Browsing:Crypto News

The US SEC's notice to Uniswap spurs over 16% UNI price fall and whale sell-off
12 hours ago 1 min read

The US SEC’s notice to Uniswap spurs over 16% UNI price fall and whale sell-off

The price of Uniswap (UNI) coin had a significant decline of 16%, reaching $9.37, after the issuance of a Wells Notice by the US SEC. This notice indicates potential legal challenges for the decentralized exchange. According to Lookonchain, three large holders of Uniswap, often referred to as ‘whales’, sold a total of 2.03 million UNI tokens, resulting in a significant decrease of $20 million in the overall value of Uniswap. Prominent stakeholders in UNI are divesting their assets to Binance. One shareholder liquidated 1.25 million UNI tokens, while another exchanged 472,000 UNI tokens for $4.6 million worth of USDC, resulting

The US SEC seeks a record $5.3 billion fine against Terra founder Do Kwon for fraud
22 hours ago 1 min read

The US SEC seeks a record $5.3 billion fine against Terra founder Do Kwon for fraud

Following his recent conviction for fraud, the Securities and Exchange Commission (SEC) is reportedly proposing a historic fine of $5.3 billion against Do Kwon, the founder of the Terra ecosystem. This penalty has the potential to become the most substantial in the history of bitcoin. According to Bloomberg, the Securities and Exchange Commission (SEC) responded to a court ruling that determined Kwon and Terraform Labs had unlawfully obtained around $4 billion through the sale of unregistered securities. The illicit profits will be confiscated, amounting to a disgorgement of $4.2 billion. Additionally, there will be an interest payment of $545 million,

Bitwise CIO sees Bitcoin volatility halving as institutional investments surge
22 hours ago 1 min read

Bitwise CIO sees Bitcoin volatility halving as institutional investments surge

Bitwise’s Chief Investment Officer, Matt Hougan, forecasted a 50% reduction in Bitcoin’s volatility as a result of institutional participation. Hougan reiterated his $250,000 Bitcoin price projection in a comprehensive investment report for the upcoming years. Prior to the 2024 halving event, Bitcoin achieved unprecedented peaks. Hougan anticipates that these sudden increases will persist beyond the halves of Bitcoin, a trend that has been observed since the halving event in 2012 when Bitcoin was valued at $13. Hougan emphasized the significance of spot Bitcoin ETFs, which are highly appealing to large-scale institutional investors. Their commitment lies on stabilizing cryptocurrencies through the

Key crypto venture investors spend $12 million in Shiba Inu's blockchain initiative
3 days ago 1 min read

Shiba Inu secures $12M to develop a pioneering layer 3 blockchain

Key crypto venture investors spend $12 million in Shiba Inu’s blockchain initiative. This investment strengthens the Shiba Inu crypto ecosystem, which includes the SHIB token, by developing its layer 3 blockchain. Polygon Ventures, Mechanism Capital, and Animoca Brands contributed to a TREAT token pre-sale. These investments show faith in the project’s crypto innovation potential. Fully Homomorphic Encryption will enable computations on encrypted data making the forthcoming blockchain secure and private. It plans to build a testnet in late 2024 and a mainnet after comprehensive testing to prove its reliability and effectiveness. Possibly worth $200 million, the project’s fundraising phases demonstrate

Grayscale debuts Bitcoin Mini Trust with 0.15% fees to revitalize its ETF offerings
3 days ago 1 min read

Grayscale debuts Bitcoin Mini Trust with 0.15% fees to revitalize its ETF offerings

Grayscale launches the “Grayscale Bitcoin Mini Trust,” a cheaper Bitcoin trust with a 0.15% charge. This launch attempts to strengthen its status amid market instability and the Bitcoin halving event. After a week of net outflows, U.S. spot Bitcoin ETFs had positive inflows on Monday, April 22, 2024. Furthermore, these ETFs received $62 million in inflows that day, according to SoSoValue. The Fidelity Wise Origin Bitcoin Fund (FBTC) led with $34.83 million inflow, while other funds performed well. Even while other stocks were up, the Grayscale Bitcoin Trust ETF (GBTC) lost $35 million. Overall, spot Bitcoin ETFs had a net

PayPal unveils plan to boost eco-friendly Bitcoin mining with extra rewards
3 days ago 1 min read

PayPal unveils plan to boost eco-friendly Bitcoin mining with extra rewards

PayPal‘s Blockchain Research Group proposes giving sustainable energy miners more Bitcoin to decrease Bitcoin mining’s environmental effect. The concept targets Bitcoin’s energy-intensive proof-of-work technology. Set aside more Bitcoin incentives for “green miners” that use renewable energy and have unique cryptographic hashes called “green keys.” The green miners’ multi-sig wallet would contain extra Bitcoin only accessible with green keys. These transactions would have cheaper costs to attract miners and promote greener Bitcoin mining. Critics of the plan say many miners are already switching to greener techniques without incentives and worry about non-green miners processing these transactions if low fees are not

Two SEC lawyers resigned after a Utah federal judge accused the agency of "gross abuse" of power in a case against crypto firm Debt Box.
4 days ago 1 min read

Two US SEC lawyers resign after a Utah judge blasts the agency for power abuse in a crypto case

Two US SEC lawyers resigned after a Utah federal judge accused the agency of “gross abuse” of power in a case against crypto firm Debt Box. The case accused Debt Box of defrauding investors of $49 million but was marred by false statements. The judge reprimanded the SEC’s actions, highlighting a significant misuse of authority by the SEC attorneys. The SEC dismissed the lawsuit, but the overseeing judge has yet to respond. This incident underscores the strained relationship between the SEC and the crypto industry, with frequent clashes with entities like Coinbase. It also questions the effectiveness of current regulatory

Ripple counters SEC's hefty $2B fine with a modest $10M proposal in a landmark case
4 days ago 1 min read

Ripple counters SEC’s hefty $2B fine with a modest $10M proposal in a landmark case

Ripple has defended itself against the SEC’s demand for roughly $2 billion in fines for selling its cryptocurrency, XRP, to institutional investors without registration. The corporation submitted a lengthy 186-page statement accepting the court’s decision and adjusting its business procedures appropriately. Ripple contests the SEC’s request for disgorgement, claiming that there is no proof of financial loss to investors as a result of Ripple’s conduct. The corporation argues for a far lesser civil penalty than the SEC seeks, stating that $10 million is consistent with precedent and the nature of the violation. The XRP legal community supports Ripple’s argument, with

FTX investors are willing to drop their case against SBF provided he assists in legal proceedings against celebrities who endorsed FTX
5 days ago 1 min read

FTX exchange investors might drop lawsuit against SBF if he aids case against celebrity endorsers

FTX exchange investors are willing to drop their case against Sam Bankman-Fried provided he assists in legal proceedings against celebrities who endorsed the exchange. The proposed settlement included Bankman-Fried offering significant evidence against Tom Brady, Shaquille O’Neal, and Gisele Bundchen, who are accused of sponsoring a Ponzi scheme. As per the suggested agreement, Bankman-Fried would provide comprehensive information on FTX’s activities and associated entities, provide relevant investment records, and submit a sworn statement verifying his financial liabilities exceeding his assets. As a result, all existing and prospective accusations against him would be dropped. The settlement agreement, which is part of

The recent halving of Bitcoin has resulted in a significant increase in transaction costs
5 days ago 1 min read

Post-halving, Bitcoin fees soar, driving users to seek cheaper alternatives

The recent halving of Bitcoin has resulted in a significant increase in transaction costs, over $100, which has raised considerable apprehension among users. The growth in popularity has resulted in a rise in searches for “Bitcoin fees” on Google Trends and conversations on Santiment, a social networking platform. On April 20th, the exorbitant fees surged to an unprecedented level of $127.97, causing more than half of the Bitcoin addresses to become inactive. Consequently, there have been discussions over substitutes for Bitcoin that provide reduced transaction costs. Vik Sharma, the inventor of Cake Wallet, highlighted the use of crypto such as

Bitcoin is approaching its most stable halving event
1 week ago 1 min read

Bitcoin approaches a calm halving, marked by record transactions and steady growth

Bitcoin is approaching its most stable halving event, which suggests the beginning of a new age characterized by sustained growth and high market trust. The level of confidence that the general public has in Bitcoin has risen, as shown by the establishment of new records in transaction volumes and the steady climb in its price. The current year exhibits double the level of volatility compared to 2020, while maintaining a high level of overall activity. The network experiences a large volume of transactions with high monetary worth, mostly driven by the increasing value of Bitcoin. This suggests a level of

Investing, Crypto, and Financial Freedom" by Faouz Rejeb
1 week ago 2 mins read

Financial Freedom Unlocked: “Investing, Crypto, and Financial Freedom” Becomes a Bestseller

Have you ever dreamt of financial freedom? Imagine a life where you control your time, your money, and your destiny. “Investing, Crypto, and Financial Freedom” by Faouz Rejeb, a book sparking a buying frenzy, might just be your roadmap to achieving that dream. Born from insightful conversations about navigating the ever-evolving world of finance, this isn’t your average dry finance book. It is a book that serves as a beacon for anyone seeking clarity on investment choices, particularly when it comes to the revolutionary potential of Bitcoin. No matter your financial background, Rejeb, a renowned financial analyst, unlocks the secrets

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus