The European Parliament has recently voted in favor of the Data Act, a new legislation that aims to establish regulations in various areas, including the development of smart contracts. With 481 votes in favor, 31 against, and 71 abstaining votes, the act has made significant progress. However, it still needs to gain formal approval from
Cryptocurrency enthusiasts have experienced a rollercoaster of emotions as Trust Wallet’s native token TWT takes a sharp tumble in price. This comes in the wake of Binance’s announcement of their own Web3 self-custody wallet, which introduced a sudden wave of competition in the market. In this article, we will explore the implications of this competition
In a surprising turn of events, FTX’s native token FTT experienced a dramatic surge of almost 90% within a 24-hour period. The token reached a nine-month high of $2.33, largely in response to comments made by SEC Chair Gary Gensler. Gensler suggested that there is a possibility of reviving the insolvent exchange under a new
The South Korean gaming company WeMade has achieved a significant milestone with the listing of its WEMIX coin on the Gopax exchange. The successful listing came after a period of controversy surrounding the coin and its issuer. This article explores the details of the listing, the previous challenges faced by WeMade, and the potential impact
Radiant Capital, a lending and borrowing protocol for users to access assets across multiple chains, is quickly gaining ground on Aave in terms of earnings. Recent statistics from Token Terminal indicate that Radiant Capital generated $5.8 million in revenue over the past six months, despite having lower liquidity compared to its competitor. This impressive figure
After facing a devastating collapse due to financial mismanagement and subsequent bankruptcy, FTX, once a leading cryptocurrency exchange, seems to be on the verge of a possible revival. Recent reports from the Wall Street Journal suggest that three potential buyers have shown interest in acquiring FTX, signaling a glimmer of hope for the defunct exchange.
Grayscale CEO, Michael Sonnenshein, recently provided an update on the company’s proposed spot Bitcoin ETF. Despite Grayscale’s intentions to convert its existing Grayscale BTC (GBTC) fund into an ETF, there are significant obstacles to overcome. This article delves into the current interactions with regulators, the company’s operational readiness, and the potential timeline for approval. Grayscale’s
The integration of Artificial Intelligence (AI) into the financial sector has ushered in a new era of investment strategies, particularly within the cryptocurrency industry. Amidst the volatile and complex crypto markets, AI crypto startups have emerged, captivating investors with the promise of simplified and informed trading experiences. These companies offer solutions that distill the chaotic
While still recording some profits, the Bitcoin price shows signs of exhaustion, at least on low timeframes. When zooming out, recent data shows the massive rally experienced by cryptocurrencies over the past few months and the sector’s potential for additional gains. As of this writing, the Bitcoin price trades at $34,800 with sideways price action
The Ministry of Culture and Information of the Republic of Kazakhstan has officially confirmed that it blocked access to the Coinbase website in the country. This action was taken due to alleged violations of the country’s new digital assets law. The order to block Coinbase’s website came from the Ministry of Digital Development after the