In a significant development in the ongoing lawsuit involving Terraform Labs (Terra) and its co-founder, Do Kwon, a federal judge has upheld multiple key decisions in favor of the U.S. Securities and Exchange Commission (SEC). The judge’s decision confirms that Terra and Do Kwon violated the Securities Act, marking a significant step in a case […]
Ripple and Stellar Lumens are making significant strides in the cross-border payments industry, positioning themselves as strong competitors to Swift. The industry is projected to be worth approximately $250 trillion by 2027, and the roles of Ripple Labs and Stellar Lumens in this ecosystem are becoming increasingly important.Ripple’s future in the ecosystem is promising, with […]
Bitcoin’s hash rate, the measure of the network’s computing power, recently reached a new all-time high. This surge in hash rate coincided with the debut of spot Bitcoin ETFs in the US. Data from IntoTheBlock reveals that the Bitcoin hash rate reached an all-time high of 630.91 million TH/s or 630 EH/s on January 11, […]
Jathin Jagannath, Developer Advocate of Cartesi, a Web3 rollup protocol, has identified regulatory uncertainties as a significant obstacle in Africa’s Web3 landscape. He believes that the lack of clear and well-defined regulations surrounding Web3 technologies can cause potential users and investors to hesitate.In a recent interview, Jathin expressed concern that this regulatory ambiguity might lead […]
Financial giant Vanguard’s steadfast refusal to embrace cryptocurrencies, even in the wake of the SEC’s approval of Bitcoin ETFs, has sent ripples through the investment community. This decision has been met with strong criticism from industry leaders such as Ark Invest’s Cathie Wood, sparking a significant debate about the future of traditional finance in the […]
The FTX debtors have filed to repay creditors in the same value as the time of the exchange’s collapse, potentially denying them the significant gains made in 2023. The troubled crypto exchange is nearing the final stages of a restructuring process that promises an imminent relaunch and full repayment to creditors and customers.Distressed FTX customers […]
Google has taken down several offshore cryptocurrency exchanges from its Play Store in India, including Binance, KuCoin, Bitget, Huobi, OKX, Gate.io, and MEXC. This action comes after the same applications were delisted from India’s Apple App Store. The Indian government’s noncompliance notice prompted this removal, rendering these apps inaccessible to new users in the country.The […]
In 2023, the Ethereum layer-2 (L2) landscape underwent significant expansion. The demand for blockspace and scaling solutions skyrocketed, with users eager to leverage their relative benefits. The year marked a significant shift in scaling solutions built on Ethereum’s base layer.On January 1, 2023, the Ethereum mainnet averaged 13.67 transactions per second (TPS), while the combined […]
For the past six months, nearly a dozen providers have been awaiting the green light from the U.S. Securities and Exchange Commission (SEC) to launch the first spot-based Bitcoin ETF. For years, the agency has refused to approve such products, always with seemingly false reasons. However, a clear court decision in the case of Grayscale […]
The WeekInFocus report highlights key developments in the global cryptocurrency sector. In New York, a critical review of BitLicense oversight is looming, with the state’s Comptroller, Thomas DiNapoli, expressing disapproval of its administration at the NYDFS. He suggests the creation of official protocols for the examination follow-up procedure.In Singapore, the Monetary Authority of Singapore (MAS) […]
