The Federal Reserve is seemingly running interference with congressional efforts to regulate stablecoins, according to a letter recently sent to Fed Chairman Jerome Powell from Chairman of the U.S. House of Representatives Financial Services Committee Patrick McHenry and subcommittee chairs French Hill and Bill Huizenga. The legislators were objecting to two Fed letters: SR 23-7 […]
The crypto world has been abuzz with speculation after a previously unidentified Bitcoin wallet amassed $3 billion in BTC. Data reveals that the wallet belongs to Robinhood, the popular investing and trading platform.The wallet is now the third-largest in the world, behind Binance and Bitfinex, which possess Bitcoin holdings of $6.4 billion and $4.3 billion, […]
Stargate, the leading omnichain liquidity layer and native asset bridge, has now deployed on Kava Chain, the Cosmos-Ethereum interoperable layer one. This integration will expand the reach of Tether’s Cosmos-native USDt, issued exclusively on the Kava Chain, to the Ethereum ecosystem and beyond. Stargate’s success in connecting Ethereum networks is unmatched, with 300 times more […]
The Shiba Inu (SHIB) ecosystem has achieved a major milestone with the successful launch of its layer two scaling solution, Shibarium. Lead developer Shytoshi Kusama has invited the Shibarmy to test the network and proceed with caution. As of Monday, the network has facilitated more than 371k transactions and over 66.99K wallets have been created.The […]
The US Securities and Exchange Commission (SEC) has charged Los Angeles-based media and entertainment company Impact Theory, LLC with offering unregistered securities in the form of NFTs. The company had raised over $30 million from investors in the US, emphasizing that it was “trying to build the next Disney” and that it would deliver “tremendous […]
Donald Trump’s non-fungible token (NFT) series has seen a surge in prices following his arrest in Atlanta, Georgia. Trump was arrested on allegations of attempting to overturn the results of the 2020 presidential election in Georgia. After he posted his mugshot to a social media platform, the price floor of his NFT collection jumped from […]
Kava Chain, the Cosmos-Ethereum interoperable Layer 1, has now deployed Stargate, the leading omnichain liquidity layer and native asset bridge. This integration will expand the reach of Tether’s Cosmos-native USDt to the Ethereum ecosystem and beyond. Stargate’s success in connecting Ethereum networks is unmatched, with 300x more TVL than the next most-used bridge. This integration […]
Robinhood, an investing and trading platform, has become the third-largest Bitcoin holder after accumulating $3 billion worth of BTC in three months. This wallet address had attracted attention, with some speculating that it belonged to Winklevoss-led Gemini or asset management giant BlackRock. However, Arkham Intelligence data showed that Robinhood is, in fact, behind the wallet. […]
Robinhood, a retail trading giant, has been identified as the third largest holder of Bitcoin by blockchain intelligence firm Arkham. Jump Trading Custody, a Chicago-based trading firm, has been providing crypto services to Robinhood since at least 2019. According to data from BitInfoCharts, the wallet began accumulating in mid-May and by late June, was the […]
Ripple’s native XRP is attempting to make a name for itself in the global financial landscape. According to XRP analyst Digital Perspectives, XRP has the potential to revolutionize the financial world, much like oil did in the past. He believes that XRP could be used to reduce friction, promote global expansion, and its eco-friendly design […]
