Despite the downturn in the NFT industry, Reddit continues to attract new holders of digital collectibles issues on blockchain.
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Access real-time blockchain and cryptocurrency news updates from around the globe.
Singapore High Court rules crypto personal property, compares it to fiat money
Judge didn’t see any difference between crypto, fiat money or shells, as long as all those objects, physical or not, share value, created by mutual faith in it.
Ant Group reportedly plans IPO, blockchain firm discloses offer price on Nasdaq, and more
Ant Group is reportedly cutting off its blockchain and database management businesses from its main entity to prepare for an upcoming public offering.
US Senate wants companies to report investments in Chinese technologies
The Senate overwhelmingly supported legislation requiring U.S. companies to report any outbound investments into Chinese technologies.
UK crime agency scouts for seasoned crypto investigators
The ideal candidate to join the National Crime Agency will be an existing member of the police staff who is a certified accredited financial investigator (AFI).
UK crime agency scouts for seasoned crypto investigators
The ideal candidate to join the National Crime Agency will be an existing member of the police staff who is a certified accredited financial investigator (AFI).
SEC appeal could amplify Ripple win, says Ripple Labs legal chief
Concerns of a potential appeal by the United States securities regulator to the landmark Ripple ruling earlier this month were shrugged off by Ripple’s chief legal officer Stuart Alderoty.
Alderoty believes if the SEC takes the case to an appeal, the court could move to consolidate Ripple Labs’ partial victory over the financial regulator even further.
Speaking on a July 26 TechCrunch podcast, Alderoty reiterated his position that the XRP (XRP) token does not constitute an investment contract and that the Ripple team would not “shy away” from any appeal brought to the courts by the SEC.
“We think the judge got that right, and we think that was a faithful application of the law, and I think a court of appeals will not only affirm that but maybe even amplify that to even a greater extent.”
On July 13, Judge Analisa Torres ruled XRP was not a security when sold to the public on crypto exchanges but can be treated as a security when sold to institutional investors.
SEC appeal could amplify Ripple win, says Ripple Labs legal chief
Stuart Alderoty said that an appeal on behalf of the SEC could see Ripple consolidate its victory over the regulator even further.
CFTC charges Tennessee couple over 'Blessings of God Thru Crypto’ scheme
Despite having no trading experience a Tennessee couple convinced 100 people to hand over their money for a uniquely named crypto investment pool.
Namibia signs crypto exchange regulation bill into law
The law will officially enter into force at a date determined by Namibia’s Ministry of Finance.
Deloitte, Chainalysis alliance to give law enforcement a crypto edge
Big Four accounting firm Deloitte said the partnership could help authorities identify and take down bad actors hiding "behind the keyboard."
USD-backed stablecoin pilot project launched by Pacific island nation of Palau
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees.
Trademark attorney predicts legal fights ahead with Twitter's rebrand to X
According to Josh Gerben, the social media platform could be embroiled in lawsuits over its 'X' branding for years, costing upwards of millions of dollars.
Researcher envisions smart education system built on blockchain, DAO, NFT, and AI
According to the research, combining the technologies will result in 12 distinct advantages over the traditional educational system.
OpenAI creator launches Worldcoin
In the latest episode of "The Market Report," analyst and writer Marcel Pechman discusses the Worldcoin token launch, why it is controversial, and the differences between it and most altcoins. According to the analysis, investors should take time to understand the project before even considering an investment.
Looking at the tokenomics of the Worldcoin token, launched on July 24, there are two absolute outliers. Firstly, the extremely high volume overtook the market cap, as the token reportedly traded 1.6 times its entire capitalization in the first 24 hours. How’s that even possible?
According to Pechman, one must understand that the project has lent 100 million tokens to market makers. Only 8 million coins were handed out to users, who may or may not have flipped their positions, but this does not justify the $400 million reported volume.
Now, on to the second part of the story, which Pechman finds even more concerning. Some 40% of the tokens will be unlocked between July 2024 and July 2025, and that’s 500x more than the 8 million currently awarded to users via airdrop.
Ultimately, to maintain a market capitalization below Chainlink, for example, at $4 billion, the Worldcoin token price in July 2025 would have to be below $1, or 58% below the current level.
OpenAI creator launches Worldcoin
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses the launch of the Worldcoin token by OpenAI creator Sam Altman and why it's controversial.
Bitcoin price is down, but data signals that $30K and above is the path of least resistance
Even with a price correction to $29,000, several Bitcoin price metrics show traders casting bets on a quick rebound.
Zero-knowledge tech development heats up amid bear market
The intersection of ZK proofs and multichain bridges has become one of the industry's more intriguing development.
Judge gives US prosecutors until Oct. 3 for discovery in case against Alex Mashinsky
U.S. District Judge John Koeltl granted a continuance for former Celsius CEO Alex Mashinsky’s trial start date, citing the “volume of discovery” and the “complexity of the case.”
Ethereum death cross threatens more downside as ETH price trades at a key support level
Ether price is down today, and several data points are beginning to suggest that further downside could be in store.
On July 24, Ethereum (ETH) experienced a drop close to its monthly low, reaching $1,825, amid Bitcoin's negative price action, as uncertainty loomed over macroeconomic conditions and a potential whale sell-off.
Several on-chain and technical indicators point to further downside in ETH prices. However, the extent of this downward movement could be limited, considering the profit levels of existing holders and decrease in its liquid supply.
ETH on-chain analysis suggests more downside
Since the beginning of 2023, Ethereum's network value to transaction value (NVT) metric has indicated that the asset may have been overpriced.
Glassnode's NVT signal gauges the relative value of the Ethereum network by comparing the market price to the volume of on-chain transactions. A higher NVT reading implies that ETH could be trading at a premium.
