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CoinGecko Study Reports Massive $2.8 Trillion Crypto Spot Trading Volume in Q1 2023
11 months ago 1 min read

Crypto Spot Trading Volume Reaches $2.8 Trillion, CoinGecko Q1 2023 Study Reveals

CoinGecko’s latest study reveals that the first quarter of 2023 saw the crypto market come to life, with digital asset spot trading volume among the top ten crypto exchanges hitting a staggering $2.8 trillion. This is an increase of 18.1% from the previous quarter. The study shows that monthly trading volumes have been on an upward trend since the lows of $0.5 trillion seen in December 2022. However, average monthly volumes have yet to reach the levels of the first half of 2022, which were last seen at nearly $1 trillion. The CoinGecko report also highlights the impact of the

Coinbase has taken legal action in a US fed court to compel the country’s securities regulator
11 months ago 2 mins read

Coinbase Takes Legal Action to Force SEC Response to Rulemaking Petition

Coinbase, the popular cryptocurrency exchange, has taken legal action in a US federal court to compel the country’s securities regulator, the Securities and Exchange Commission (SEC), to provide a clear response to a petition that has been pending since July of last year. The exchange had initially requested that the SEC propose and adopt clearer regulatory guidelines for the cryptocurrency industry in the US. The petition contained a total of 50 specific questions seeking clarification on the regulatory treatment of certain digital assets. Coinbase has accused the SEC of dragging its feet and failing to meet its obligations under the

Thetanuts Finance
11 months ago 1 min read

Thetanuts Finance Secures $17 Million for Expansion

Thetanuts Finance, a DeFi structured products protocol, has raised $17 million in institutional funding led by Polychain Capital, Hyperchain Capital, and Magnus Capital. The company plans to expand its Decentralized Options Vaults (DOVs) and create a two-way market for a more diverse set of asset offerings. Thetanuts Finance aims to be one of the first DeFi platforms to launch a buy-side altcoin options market using DOVs. The company’s DOV-based protocols have traditionally focused on the sell-side market for large-cap tokens only, leaving investors unable to acquire options, particularly for altcoins. Thetanuts Finance’s industry-first buy-side altcoin options market will enable DeFi

Stellar network
11 months ago 1 min read

Stellar Network Launches First-of-its-Kind US Mutual Fund on Public Blockchain

The Stellar blockchain has made a significant announcement about a massive adoption milestone. The first U.S.-registered fund to use public blockchain technology for processing transactions and recording share ownership is now available on the Stellar network. Franklin Templeton’s OnChain U.S. Government Money Fund (FOBXX) is now available on the network through the Benji Investments app. This news marks the first time a U.S.-registered mutual fund has leveraged public blockchain technology for transaction processing and shares ownership on the Stellar blockchain. According to a press release, the fund’s transfer agent maintains the official record of share ownership through a proprietary blockchain-integrated

Bank of Korea has been granted the authority to investigate local crypto exchanges
11 months ago 1 min read

South Korean Central Bank Granted Authority to Conduct Inspections on Crypto Companies

Bank of Korea (BoK) has been granted the authority to investigate local cryptocurrency exchanges operating in the country. The new power allows BoK to conduct on-site inspections and request financial records to monitor the activities of crypto exchanges more closely. BoK’s main objective is to maintain price stability in the country and to control and improve the economy. The move comes amid growing concerns over the potential risks posed by cryptocurrencies to financial stability and the economy, including money laundering and tax evasion. The Bank of Korea is willing to take further steps to curb such occurrences by issuing fines

11 months ago 1 min read

Europe Takes the Lead in Crypto Regulation with Digital Euro Plan

The European Parliament has approved the EU Commission’s proposed MICA legislation, which aims to create uniform regulatory standards for the cryptocurrency industry across EU countries. The legislation will be sent to the European Council for final approval in the coming months. The proposed law introduces comprehensive safeguards and regulations to protect clients and investors, including the requirement for crypto exchanges to hold clients’ funds and adequate capital buffers. Stablecoin issuers must prove their stablecoin is backed 1:1 with cash. The regulations also include extensive anti-money laundering (AML) and know-your-customer (KYC) regulations. The European Commission is also preparing for the launch

Tiger Global's Venture
11 months ago 1 min read

Tiger Global’s Venture Fund Discloses 20% Loss Amid Crypto Market Turmoil

Tiger Global Management, a leading tech investor, is facing significant losses due to its investments in blue-chip crypto businesses. According to reports, the company informed investors that its $12.7 billion venture fund had suffered a 20% loss as of December 2021, largely due to losses from half a dozen major crypto startups. This includes a complete wipeout of its investment in FTX, which collapsed in November. Tiger Global’s investments in NFT marketplace OpenSea, Bored Ape Yacht Club creator Yuga Labs, payments firm MoonPay, decentralized wireless network startup Helium, and Sam Altman’s Worldcoin have also been marked down, causing significant losses

Binance Adds Floki Inu [FLOKI] to Its Platform
11 months ago 1 min read

Floki Inu (FLOKI) Rises Over 40% in 24 Hours Following Binance Listing

Floki Inu (FLOKI) has made headlines in the crypto world with its unprecedented growth in the last 24 hours. Despite bearish sentiment prevailing in the market, FLOKI’s price surged over 40%, and at press time, it was trading at $0.00004099 with a market capitalization of $398 million. Thanks to this surge, FLOKI has reclaimed its spot among the top 100 cryptos by market cap and currently sits at the 95th spot. The driving force behind FLOKI’s sudden surge is Binance, which recently listed the crypto on its platform. Binance announced that trading on FLOKI/USD and FLOKI/USDT pairs will commence on

Anonymous whales have transferred nearly 5 billion Shiba Inu meme coins
11 months ago 1 min read

Shiba Inu Whales Buy 8.36 Billion SHIB Tokens In The Past Hours

In the past hour, anonymous whales have transferred nearly 5 billion Shiba Inu meme coins, indicating a buying spree for the popular cryptocurrency. The transactions, which included purchases and redistributions to new addresses, were spotted carrying 1.06 billion, 4.9 billion, and two moving 1.2 billion SHIB each. One transfer of 1.2 billion SHIB was confirmed as a purchase from the OKX exchange to an anonymous address. Most of the destination wallets for these transfers are holding onto the SHIB they purchased, suggesting they are new wallets. One of the addresses that bought 1.2 billion Shiba Inu currently holds over 5.4

Bitcoin has the potential to reach $100,000 by the end of the year
11 months ago 1 min read

Standard Chartered Bank Believes Bitcoin Could Hit $100K by Year End

Bitcoin (BTC), the world’s largest cryptocurrency, has made a strong comeback in 2022, and it appears that the crypto winter is finally over. According to a research report by Standard Chartered Bank, Bitcoin has the potential to reach $100,000 by the end of the year. The report highlights that the recent banking sector crisis has helped to “re-establish bitcoin’s use as a decentralized scarce digital asset.” This has contributed to Bitcoin’s status as a branded safe haven and a means of remittance, making it a perceived relative store of value. Bitcoin has already gained 65% since the start of the

Colecti has received a 470k Euro equity investment from Lisk to build a thriving ecosystem for NFTs on the Lisk blockchain.
11 months ago 3 mins read

Colecti has received a 470k Euro equity investment from Lisk to build a thriving ecosystem for NFTs on the Lisk blockchain

Utrecht, Netherlands, April 24th, 2023 Colecti, the upcoming marketplace for NFTs, is pleased to announce that it has received a 470k Euro equity investment in 2022 from Lisk. This equity deal is part of Colecti’s pre-seed fundraising strategy and will be followed by Colecti’s Token Sale starting on April 24th, 2023, with the aim of raising capital for scaling the company and creating a thriving market. Colecti is a community-driven NFT marketplace that aims to provide easy access to NFT technology. It is set to make history as the first NFT marketplace within the Lisk ecosystem, offering low transaction fees

A court in South Korea has ruled that the native token of the LUNA ecosystem, LUNA, is not a security
11 months ago 1 min read

South Korean court rules that LUNA is not a security

A district court in South Korea has ruled that the native token of the LUNA ecosystem, LUNA, is not a security under Korea’s Capital Markets Act. The court dismissed charges of security violations against Hyun-Seong Shin, co-founder of Terraform Labs, stating that it is “difficult to see Luna Coin as a financial investment product regulated by the Capital Markets Act.” This ruling makes the Terra-LUNA saga a case of fraud and breach of trust rather than a violation of securities law. However, the prosecution is still focused on the securities aspect of the native token and has appealed to the