Congressman Tom Emmer has stated that the Supreme Court’s decision to overturn Chevron deference significantly limits “the regulatory abuses” of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The ruling is seen as a game changer for the crypto industry and other tech sectors, promising more predictable and grounded regulations. Supreme Court’s Chevron Ruling […] Source: https://news.bitcoin.com/supreme-courts-chevron-decision-curtails-sec-chair-genslers-regulatory-abuses-says-congressman/
Month: July 2024
Bitfarms mined 21% more Bitcoin in June amid Riot takeover attempts
Bitfarms increased its online hashrate to 10.4 exahashes per second in June, marking a 39% month-on-month increase. Source: https://cointelegraph.com/news/bitfarms-bitcoin-mining-production-increases-21-percent-june
Lawsuit Against GameStop Trader Roaring Kitty Dismissed Just Days After Being Filed
On Friday, a class action lawsuit was brought against Keith Gill, a.k.a. Roaring Kitty, claiming that his massively popular social media activities drove up the price of GameStop (GME) stock for his own personal gain. The lawsuit was voluntarily dismissed by the plaintiffs on Monday. The case, Radev v. Gill, was effectively on the court docket for one business day—and…
Dave Portnoy’s Crypto Advice: Stick to Bitcoin — Says ‘I’ve Learned That the Hard Way’
Dave Portnoy, founder and owner of Barstool Sports, has recommended that investors focus on bitcoin for their crypto investments. “I’ve learned that the hard way,” he said, reflecting on lessons from his past crypto investing experiences. Portnoy recently declared his intention to purchase more bitcoin if its price declines substantially. Barstool’s Dave Portnoy Offers Crypto […] Source: https://news.bitcoin.com/dave-portnoys-crypto-advice-stick-to-bitcoin-says-ive-learned-that-the-hard-way/
Lawsuit Against GameStop Trader Roaring Kitty Dismissed Just Days After Being Filed
On Friday, a class action lawsuit was brought against Keith Gill, a.k.a. Roaring Kitty, claiming that his massively popular social media activities drove up the price of GameStop (GME) stock for his own personal gain. The lawsuit was voluntarily dismissed by the plaintiffs on Monday. The case, Radev v. Gill, was effectively on the court docket for one business day—and…
Digital Assets See Outflows for 3rd Consecutive Week
Coinshares reported consecutive weekly outflows in digital asset investment products, totaling $30 million. Ethereum faced its worst year-to-date net flows with $61 million in outflows, while multi-asset and bitcoin ETPs saw inflows of $18 million and $10 million, respectively. Regional inflows occurred in the U.S., Brazil, and Australia, contrasted by outflows in Germany, Hong Kong, […] Source: https://news.bitcoin.com/digital-assets-see-outflows-for-3rd-consecutive-week/
What Is ‘W-Coin’? The Telegram Tap-to-Earn Game and Airdrop Details
W-Coin is one of the latest Telegram-based games to enter the tap-to-earn arena. It sets itself apart from its competitors with a couple variations from the standard tap-to-earn model, which anyone paying attention to the Telegram gaming ecosystem has become very familiar with lately. According to the W-Coin community channel on Telegram, the game has already amassed 13 million users…
‘Pixels’ Creators Plot More Crypto Games—Maybe on Telegram Too
Pixels has been one of the hottest crypto games all year, with its late 2023 migration to Ethereum gaming network Ronin and February’s token launch propelling the social farming game in front of millions of players. And now the developers are exploring other games in the same universe. In a recent interview around the Pixels Chapter 2 gameplay launch, founder…
Tokyo Stock Exchange-Listed Metaplanet Boosts Bitcoin Holdings
Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2 million), Metaplanet has initiated the purchase with an investment of 200 million yen. This transaction […] Source: https://news.bitcoin.com/tokyo-stock-exchange-listed-metaplanet-boosts-bitcoin-holdings/
Bitcoin hashrate drawdown reaches December 2022 levels
This metric can be used to spot relative bottom points in the market price of Bitcoin and signal potential accumulation opportunities. Source: https://cointelegraph.com/news/bitcoin-hashrate-drawdown-december-2022-levels