Author: CryptoHoppers
In an interview, Paul Grewal, Coinbase’s Chief Legal Officer, said that a shift is coming in the U.S. crypto legislative landscape. He forecasted the emergence of a “pro-crypto” Congress following the 2024 elections. Grewal discussed in a Bloomberg Crypto interview how bipartisan support for crypto and evolving political dynamics will soon lead to more favorable crypto policies. Grewal mentioned how there is a growing interest of both Democrats and Republicans toward crypto and digital assets. “There’s no question about it; we are going to see a pro-crypto Congress emerge, regardless of the particular outcome in individual races, and of course,…
Key Takeaways Fidelity’s FBTC faced a significant withdrawal, marking its second-largest since inception. Grayscale’s GBTC approaches $20 billion in cumulative outflows amid market challenges. Share this article US spot Bitcoin exchange-traded funds (ETFs) experienced a major downturn at the start of September, with $287 million in net outflows recorded on the first trading day following the Labor Day weekend, data from Farside Investors shows. These funds have seen their fifth consecutive day of net outflows, collectively shedding over $750 million since last Tuesday. Source: Farside InvestorsThe post-Labor Day ETF market saw a wave of selling pressure, with 8 out of…
Charles Hoskinson, founder of the Cardano cryptocurrency and CEO of IOHK, has shared his perspective on on the state of the Cardano ecosystem following its recent Chang update, which enhanced the blockchain to include onchain governance. Hoskinson praised Cardano, stating that it dwarfed Bitcoin, and reached “one of the greatest technical achievements in human history.” […] Source link
Qatar has unveiled a new digital assets regulatory framework, with its launch set to bring key areas such as tokenization, custody and exchange under regulation. The Qatar Financial Center Authority and the Qatar Financial Center Regulatory Authority, key players in the drafting of the framework, announced the new framework in a joint press release. Qatar’s QFC Digital Assets Framework 2024 According to details in a press release, the QFC Digital Assets Framework 2024 is an effort of various stakeholders, including 37 domestic and international organizations across legal, financial and technology sectors. The QFCA and QFCRA said in their announcement that…
Leading crypto exchange, Binance has announced that it would suspend deposits and withdrawals on the Horizen (ZEN) network around 15:00 (Beijing time) on September 12, 2024, to support its network upgrade. The move comes to ensure a good user experience. The network upgrade will be carried out at block height 1,627,572, and is expected to be around 16:00 (Beijing time) on September 12, 2024. According to the announcement, “Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted”. Horizen’s team informed, “Zend 5.0.4…
Key Takeaways TON recorded over 1 billion transactions, half of which occurred in the last three months. The DOGS memecoin airdrop significantly increased TON’s daily transactions and user activity. Share this article The Open Network (TON), the blockchain associated with Telegram, has surpassed 1 billion total transactions according to data from TON Scan. This milestone comes less than a week after the network experienced two major outages related to a memecoin airdrop.TON’s transaction volume has now exceeded 1.02 billion, with half of those transactions occurring in just the last three months. This rapid growth shows the rapid increase in user…
Venezuelan President Nicolas Maduro discussed the possible future of the national cryptocurrency system following the so-called PDVSA-Crypto scheme, which resulted in the loss of $20 billion in unaccounted oil sales paid in crypto. Maduro stated that the country needed to retake the crypto path but gave no indications regarding the revival of the national cryptocurrency […] Source link
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted in individual losses ranging from 1.2 million […] Source link
The latest deal in the blockchain space will mesh old-school finance with next-generation gaming. SBI backs Oasys SBI Holdings Inc., founded in 1999, is touted as one of the largest financial conglomerates in Japan. It specializes in traditional finance (aka tradfi), including asset management and venture capital. Over the past few years, the firm started integrating blockchain technology into its services. It even developed its own cryptocurrency exchange called SBI VC Trade. As of Aug. 29, a new segment is being added to its portfolio via a partnership with the Oasys blockchain network: gaming. The Tokyo-based firm invested an undisclosed…
Socialism, despite its promises of equality and social welfare, inherently fails due to its inability to perform economic calculation and its reliance on coercive control over the means of production. Ludwig von Mises, in his seminal work “Socialism: An Economic and Sociological Analysis,” provides a comprehensive critique of socialism’s flaws rooted in both economic and […] Source link