Non-custodial cryptocurrency exchange ShapeShift has burned hundreds of themed collectable “cards” from the blockchain-based mobile game, Spells of Genesis. The team said that the remaining cards in its possession will be placed under the control of its new DAO, and unlocked in limited tranches over the coming two years. According to on-chain data, ShapeShift has burned at least 817 of the…
On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading statements and omissions of material fact in connection with the U.S. dollar tether token (USDT)…
On Oct. 6, the United States Department of Justice, or DOJ, announced the creation of a specialized unit, the National Cryptocurrency Enforcement Team, or NCET, tasked with prosecuting criminal misuses of digital assets and crypto infrastructure, as well as tracing and recovering the ill-gotten cryptocurrency.The move continues the U.S. authorities’ push to disrupt the corners of the crypto ecosystem that…
The price of bitcoin has continued to push toward higher prices as the leading crypto asset has tapped a high of $61,749 per unit on Friday. The crypto asset came awfully close (around 5.3% away) from tapping the all-time price high reached six months ago on April 14. Bitcoin’s Bull Market Rampage Continues Bitcoin (BTC) has done phenomenally well during…
Mohan Bhagwat, the head of the Rashtriya Swayamsevak Sangh, or RSS — a right-wing Hindu nationalist society — has urged India’s government to pursue crypto regulations “in the larger interest of society.”According to Asian News International, the RSS chief made these remarks during his speech marking the celebration of the Hindu festive Dussehra.Despite numerous reports of looming crypto bans, the…
On Thursday, the crypto asset aggregation portal Coingecko published the firm’s 2021 third-quarter report which shows a number of different findings. According to the study, for the most part, the crypto economy recovered from the market downturn in May as the top 30 market caps grew by 31% in Q3. The report shows that altcoins continue to decouple (specifically those…
Solana (SOL) price technicals suggest SOL can hit $275 in the coming sessions.The upside outlook for the world’s sixth-largest cryptocurrency by market capitalization comes as it consolidates inside a range that appears like a Bull Pennant. In detail, Bull Pennants are bullish continuation indicators that form as the price consolidates inside a Symmetrical Triangle-like structure following a strong move upside.The…
The age of digital transformation has arrived, leading traditional industries to adopt new technologies to accommodate a fully digital future. As such, it shouldn’t come as a surprise that the trillion dollar oil and gas industry has quietly started to leverage blockchain technology for business success. Douglas Heintzman, chief catalyst at the Blockchain Research Institute, told Cointelegraph that the oil and…
The U.S. Securities and Exchange Commission, or SEC, may soon approve an application from crypto asset manager Valkyrie for a Bitcoin Strategy exchange-traded fund, with the shares to be listed on the Nasdaq Stock Market.According to an Oct. 15 notice from the SEC, the agency has accepted the registration of shares of Valkyrie’s Bitcoin Strategy exchange-traded fund, or ETF, for listing…
The price of bitcoin had crossed the $60K zone at 1:30 a.m. (EST) early Friday morning. The leading crypto asset’s latest price jump has made it so bitcoin’s overall market valuation of $1.119 trillion has surpassed Facebook’s market capitalization. The digital asset is also nearing the entire net worth of all the silver in the world as bitcoin is 17.3%…
