Bitcoin whales go on 'unprecedented' $23B July buying spree — New data

When the decentralized finance sector exploded in summer 2020, it was an eye-opening moment that showed crypto’s actual capabilities to revolutionize finance. However, the boom also exposed a lot of vulnerabilities of the Ethereum network, which most DeFi projects are built upon. The most serious ones included high gas costs and low scalability.A bull cycle…

The SEC instituted administrative proceedings against American CryptoFed to determine the issuance of a stop order which would retract its registration and bar sales of in-house tokens, Ducat and Locke. 100 Total views 13 Total shares American CryptoFed DAO, the first decentralized autonomous organization (DAO) to get legal recognition in the United States, is at…

The group is known to have targeted critical infrastructure, healthcare providers and more over the past two years. 310 Total views 4 Total shares Own this piece of history Collect this article as an NFTAccording to United States Federal Bureau of Investigation Director Christopher Wray on Jan. 26, international law enforcement groups have dismantled the…

A revelatory discovery of legal documents could provide greater context to the catalyst of the infamous LUNA and UST price crash 1265 Total views 23 Total shares The dramatic story of the Terra (LUNA) crash — referred to by some as the Lehman Brothers of crypto — has taken yet another remarkable turn as legal documents…

Users can send cryptocurrencies virtually anywhere globally via the blockchains on which they are based. By sending crypto assets, however, fees are incurred. Transactions may take longer for certain assets, depending on their related blockchains. Certain crypto wallets and platforms give users the option to choose a transaction fee. Higher fees typically result in faster…

Yoshihide Suga is set to replace retiring PM Shinzo Abe. Yoshihide Suga has made few public statements on digital currency, but his stance on taxing crypto assets may prove to be the most insightful.The 71-year-old is set to become the country’s new prime minister after being voted in as the leader of Japan’s Liberal Democratic…

The United States Bitcoin (BTC) derivatives market witnessed a slew of developments in 2019 as “old players” set trading volume records and “new players” introduced novel market products. After months of regulatory maneuvering, Bakkt finally launched and has gone on to post record Bitcoin futures trading volumes.Several platforms have also obtained Swap Execution Facility licenses from the U.S.…

While the Indian government is uncertain about the use of cryptocurrency, the National Payment Corporation of India, or NPCI, officially announced its permissioned blockchain-based platform, Varja, to make the payment process easier, faster and more transparent. After detailed research, the NPCI has developed a distributed ledger technology mechanism to provide a highly secure, tamper-proof database for…

Miners’ equity funding activity is expected to be lower in the second quarter of 2024, with less than $500 million invested as of mid-May.