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CFTC Chairman Calls for Regulation of Ethereum and Stablecoins as Commodities
Rostin Behnam, the chairman of the US Commodity Futures Trading Commission (CFTC), has expressed his belief that Ethereum and stablecoins should fall under the purview of the agency's regulation, as they can be categorized as commodities. Behnam's comments came during a recent Senate meeting on a ...
Bitget Sponsors Juventus Women’s Team on International Women’s Day
Bitget, a cryptocurrency exchange, has announced its sponsorship of the Juventus women's team, a highly successful football team in Italy with a history of five league titles, two Italian Cups, and three Italian Super Cups. The decision to sponsor the team was inspired by Bitget's commitment to g ...
Ethereum Co-founder Vitalik Buterin’s Meme Crypto Asset Sales Cause Controversy in Crypto Community
The Ethereum co-founder, Vitalik Buterin, recently made headlines after selling several meme-based cryptocurrencies, causing a stir in the crypto community. Lookonchain reported that Buterin sold a whopping 50 billion units of MOPS for 1.25 ETH, equivalent to around $2,000. Additionally, he so ...
Tron Network Sets New Transaction Record, Crossing 5 Billion Milestone
According to analysts from Whale Alert, the Tron network has just set a new record for the total number of transactions processed, with over five billion completed. This achievement was shared on social media by experts who stated, "Tron has now surpassed 5,000,000,000 transactions, reaching a ...
Founder of Cardano Disputes Claims of Network Decentralization
Charles Hoskinson, the creator of Cardano, has vehemently rejected claims made by cryptanalyst Vanessa Harris regarding the decentralization of the Cardano network. In a series of 17 tweets, Harris had argued that Cardano was, in fact, centralized due to its management by several individuals, and ...
Ethereum Developers Postpone Shanghai Hard Fork by Two Weeks
The Shanghai hard fork for Ethereum has been delayed by approximately two weeks, as announced by developers. The mainnet update is now set to take place in April, with final testing on the Goerli network scheduled for March 14th. During a meeting on March 2nd, the developers agreed to wait for ...
BingX partners with Mercuryo to offer Cryptocurrency Purchase through multiple Payment Methods
BingX users are set to enjoy the convenience of purchasing cryptocurrency through Mercuryo, a global payment infrastructure platform. With a variety of payment methods available, including Visa and Mastercard credit and debit cards, Apple Pay, and Google Pay, users can seamlessly complete transactio ...
AAVE Freezes BUSD Reserves Following NYDFS Ban and Decreasing Market Demand
The unanimous approval of the proposal to freeze BUSD reserves in the Ethereum Aave V2 pool took effect on February 27th. According to comments posted on the official DeFi AAVE protocol resource, the decision to block Binance USD (BUSD) stablecoins was made despite the fact that BUSD is not a borrow ...
Dual-Currency Investments: A Simple and Effective Way to Profit fro Cryptocurrencies
Dual-currency investments offer a unique opportunity to invest in crypto assets by allowing the user to buy or sell at predetermined prices and times. This investment strategy can yield higher rewards, regardless of market direction. Cryptocurrencies have gained popularity as a profitable investm ...
Concentration of Ether among Large Holders Raises Concerns for Ethereum Investors
According to reports by IntoTheBlock, a significant portion of the Ether supply, accounting for 39%, is owned by a limited number of addresses. This stands in contrast to Bitcoin, where the share of large holders, also known as whales, does not exceed 11% of the total supply. This observation by ...