Terra Luna Classic Community Approves 800 Million USTC Burn Proposal Amid Controversy

The Terra Luna Classic community has approved a proposal to burn 800 million USTC. The proposal, put forth by a prominent member of the LUNC community known as Vegas, suggested blacklisting the Ozone Protocol wallet that contained 800 million USTC, effectively freezing the tokens instead of destroyi ...

Avalanche (AVAX) Faces Resistance at $10.50 Amid Bearish RSI Trend

Instead, the token formed a long upper wick (red icon) and dropped below this area, indicating a significant change in the price dynamics. The $10.50 area holds particular importance as the altcoin had been trading above it since 2021. This area has now been confirmed as a formidable resistance. ...

Hong Kong Yet to Regulate Stablecoins, Retail Trading Remains Restricted

Hong Kong has not yet adopted regulations for stablecoins like Tether (USDT) or USD Coin (USDC), according to the Secretary for Financial Services and the Treasury, Christian Hui. Retail investors in Hong Kong are currently not allowed to trade these assets due to the absence of specific regulations ...

OKX CCO Lennix Lai Discusses Crypto’s Advantages, Regulation, and KYC Implementation

Lennix Lai, the Global Chief Commercial Officer at OKX, discussed various aspects of the cryptocurrency industry during an interview at the Blockchain Economy Summit in Dubai. Here are some key points from the interview: Crypto vs. Traditional Finance: Lai highlighted the differences between work ...

Silk Road Founder Ross Ulbricht Marks 10 Years in Prison, Leaving a Controversial Legacy in Bitcoin’s History

Ross Ulbricht, the founder of the darknet marketplace Silk Road, recently marked 10 years in prison. Despite the illegal activities associated with Silk Road, Ulbricht is viewed by some in the crypto community as having contributed to the accelerated adoption of Bitcoin. Silk Road was an online b ...

Former FTX CEO Sam Bankman-Fried Explored $5 Billion Deal to Deter Trump Presidential Run, Says Author

Former FTX CEO Sam Bankman-Fried reportedly explored the idea of paying Donald Trump not to run for the United States presidency. According to Michael Lewis, the author of "Going Infinite: The Rise and Fall of a New Tycoon," this proposal emerged during his interviews and discussions with Bankman-Fr ...

Shiba Inu Teases Exciting Developments in Expanding Ecosystem

Shiba Inu, the meme coin that has evolved into a vast ecosystem, has hinted at more upcoming developments. RagnerShib, the project's Telegram Group Administrator, mentioned that there are still surprises in store for the Shiba Inu community. The Shiba Inu ecosystem now includes Shiba Inu (SHIB), ...

Ripple Labs CEO Brad Garlinghouse Retains New Defense Attorney in XRP Lawsuit

In a surprising development in the ongoing XRP lawsuit, Ripple Labs CEO Brad Garlinghouse has retained a new defense attorney who filed a notice of appearance in court. The filing submitted to the court indicates that Rahul Mukhi of the law firm Cleary Gottlieb Steen & Hamilton LLP will now b ...

Long-Term Bitcoin Holders (LTHs) Show Strong Conviction as They Accumulate a Significant Portion of BTC Supply

Long-term Bitcoin holders (LTHs), often referred to as "Hodlers," are showing strong conviction in their Bitcoin positions, with data from crypto analytics firm "Into the Block" revealing that they now hold approximately 13.44 million Bitcoins. This represents a significant portion of the total circ ...

Over 200,000 Chileans Embrace Worldcoin’s World ID Amid Privacy Concerns

In a noteworthy development, Worldcoin (WLD) proudly announced on September 24 that more than 200,000 individuals in Chile have enrolled and successfully completed the verification process for its innovative World ID project. This remarkable feat reflects the growing traction of the digital identity ...