Solana Compass recently provided insights into the latest Solana (SOL) network activity during its 512 epoch. An estimated 19.637 million SOL tokens were unstaked, valued at approximately $449 million. After accounting for staked tokens, the net unstaking volume was 16.516 million SOL, valued at around $380 million. Prominent entities, such as Andreessen Horowitz (a16z), significantly […]
The Canadian Securities Administrators (CSA) has provided guidance to the trading of stablecoins on crypto exchanges in the country. The update comes months after major exchanges, including Binance, halted operations in the country due to regulatory developments.The CSA has acknowledged that stablecoins, which it terms as “value-referenced crypto assets,” may constitute securities or derivatives. The […]
Sam Bankman-Fried, the founder of FTX, is currently on trial in a New York district court. Federal prosecutors have accused him of financial misconduct and misappropriation, while the defense argues that external factors played a significant role in FTX’s struggles. The trial has introduced cryptocurrencies to the jury, highlighting the significance of Bitcoin, Ethereum, Dogecoin, […]
Bitcoin holders with at least 0.1% of the total supply saw strong net inflows in Q3 2023, despite the asset’s price plunging to $25,000. According to crypto market intelligence firm IntoTheBlock, these wallets recorded a single-day inflow of $600 million, indicating a quiet build-up of strong interest.The net inflows took place while centralized exchanges saw […]
Circle Ventures has joined a consortium of notable investors in the Burnt and XION blockchain ecosystem, a testament to XION’s potential and innovation. This collaboration highlights the commitment to advancing blockchain technology and its widespread adoption. XION Blockchain stands out for its integration of USDC, its modular account abstraction layer, and its dedication to security […]
The U.S. Commodity Futures Trading Commission (CFTC) has determined that Stephen Ehrlich, a co-founder of Voyager Digital, violated derivatives regulations before the company’s bankruptcy last year. The CFTC’s enforcement division has recommended formally accusing Ehrlich of providing customers with misleading information regarding the safety of their assets. Ehrlich has stated that the anticipated lawsuit “angered […]
Cardano (ADA) co-founder Charles Hoskinson has recently addressed concerns about the success of Hydra, the layer 2 scaling solution for the Cardano blockchain. In a video, Hoskinson explained that measuring the network’s activity by transactions per second (TPS) alone might be misleading, as a single Cardano transaction can encompass multiple outputs. He also revealed that […]
The United States Commodity Futures Trading Commission (CFTC) is reportedly considering an enforcement action against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital. The CFTC staff are allegedly looking into claims that Ehrlich violated U.S. derivatives regulations prior to Voyager’s bankruptcy filing in July 2022. Ehrlich has denied the allegations, claiming that […]
The Basel Committee on Banking Supervision is considering requiring banks to disclose their crypto asset holdings in light of the banking crisis earlier this year. The committee, which operates under the Bank for International Settlements, identified holding crypto as one of the factors that led to the demise of several banks in March. At its […]
Lawmakers in Taiwan are reportedly aiming to push out a first draft of a special law by the end of November 2023, according to a report from the Block. Yung-Chang Chiang, an official in the Legislative Yuan of Taiwan, said in an interview that he intends for the first draft to be available for reading […]
