The US Court of Appeals has unanimously ruled that the US Securities and Exchange Commission (SEC) has violated the Administrative Procedure Act (APA) by denying Grayscale Investment’s request to transform its Bitcoin Investment Trust (GBTC) into a Bitcoin Exchange Traded Fund (ETF). This is a major victory for the crypto industry, and markets have reacted […]
The crypto-fueled social marketplace Friend.Tech has caused a stir in the crypto market, as many feared it would have a negative impact on the Ethereum ecosystem. However, Ethereum’s daily gas fees have dropped by 26% since the platform’s launch, which is a positive development for the network. This is likely due to the platform being […]
Robinhood, a multi-chain, self-custody, Web3 wallet, has announced the addition of support for Bitcoin and Dogecoin, as well as the ability to conduct Ethereum swaps. This update has enabled hundreds of thousands of users across 140 countries to access Bitcoin and Dogecoin. The company has also enabled Ethereum swaps, allowing users to swap without holding […]
The decentralized exchange Uniswap recently won a class action lawsuit in the Southern District of New York. The lawsuit sought to hold Uniswap, Paradigm, and other related parties responsible for losses incurred by users due to scams and Ponzi schemes. Judge Katherine Polk Failla ruled that there was insufficient evidence to prove that Uniswap developers […]
The recent court win of Grayscale against the United States Securities and Exchange Commission (SEC) has had a positive effect on the entire cryptocurrency market. Bitcoin, in particular, saw its price reach $28,000 for the first time since mid-August. According to the crypto analytics platform Santiment, its trading volume has also surged to a two-week-high […]
The Terra Luna Classic (LUNC) developer L1 Terra Classic Task Force (L1TF) has completed the preparation for the mainnet launch of the v2.2.0 core upgrade. The upgrade is expected to be launched in September and will bring a total improvement in the Terra Classic infrastructure. It will also update the Cosmos SDK to SDK 46 […]
Binance has announced that it will be phasing out support for Binance USD (BUSD) by February 2024. The exchange has advised its users to convert their BUSD holdings to First Digital USD (FDUSD). BUSD will remain backed 1:1 by USD until support is ended.The decision to phase out BUSD is due to regulatory issues surrounding […]
Veloce Media Group, a multi-pillared gaming and sports media group, is launching its governance and utility token, VEXT, exclusively on ByBit, one of the global top leading exchanges. VEXT will empower holders to become part of the Veloce ecosystem and have further influence, integration and rewards over decentralised assets within the Veloce Media Group. The […]
Binance, one of the world’s leading cryptocurrency exchanges, has announced its plan to reduce support for its Binance USD stablecoin by February 2024. This pivot arises from Paxos’s cessation of new BUSD token minting. Changes on the Binance platform are imminent as the exchange preps for this shift, including the phasing out of BUSD spot […]
Crypto exchange giant Binance has announced that it will stop supporting BUSD by 2024. The firm has asked users to convert their BUSD to FDUSD, a stablecoin recently listed on the Binance platform. Binance will delist BUSD spot and margin trading pairs, and is offering zero fees for users to trade BUSD assets for FDUSD. […]
