Day: May 20, 2024

Ethereum Price Surges Amid ETF Speculation

The trading world was abuzz as Ethereum experienced a sharp 9% increase in its price within just 20 minutes on Monday afternoon, a movement fueled by growing optimism over the potential approval of spot Ethereum exchange traded funds (ETFs) by the United States Securities and Exchange Commission (SEC). Ethereum’s price leaped from $3,143 to $3,428, […]

Meme Stock and Coin Craze: Dogecoin Holds Strong

The resurgence of meme stock mania captivated Wall Street, echoing the chaotic trading frenzy that first swept the financial world in 2021. However, as the dust settles, it’s clear that while traditional meme stocks like GameStop have seen their gains dwindle, meme cryptocurrencies like Dogecoin continue to thrive. Dogecoin, the meme coin championed by Elon […]

Bitcoin ETFs Surge Amidst Economic Optimism

Last week, Bitcoin witnessed a remarkable rebound from its April lows, with its price surging from $61,800 to a monthly high of over $68,500. This uptick coincided with a significant influx of investments into Bitcoin spot Exchange-Traded Funds (ETFs), marking a sharp reversal from prior weeks of net outflows. According to data from CoinGecko, alongside […]

Solana Heist Suspect Claims Arrest Amid Controversy

Jarett Reginald Dunn, better known as Stacc on Twitter and allegedly involved in a significant exploit of Solana through the platform Pump.fun, claims he was arrested by London police last Friday night near Covent Garden. Despite his assertions, the Metropolitan Police have found no records matching the alleged incident, raising questions about the veracity of […]

Venezuela Intensifies Crackdown on Crypto Mining

Venezuela has escalated its actions against crypto miners, announcing plans to disconnect all mining operations from the National Electric System (SEN). The country’s Department of Energy (MPPEE) revealed this decision in a recent Instagram post, stating the objective is to manage the high energy demand and maintain reliable service across the nation. Crypto mining, essential […]

Introducing ERC-7683: A Leap in Blockchain Interoperability

Uniswap Labs and Across Protocol have recently unveiled a groundbreaking Ethereum token standard, ERC-7683, aimed at enhancing cross-chain interoperability. This new standard promises to revolutionize how transactions across different blockchain networks are conducted by creating a more cohesive and efficient environment. ERC-7683 is designed to establish a universal filler network, which will follow a consistent […]

UK Court Debunks Craig Wright’s Satoshi Claim

In a resounding judgment delivered by the UK High Court, Craig Wright has been denounced for making false claims about his identity as Satoshi Nakamoto, the enigmatic creator of Bitcoin. Judge James Mellor, in his detailed written judgment, highlighted Wright’s “extensive and repeated” fabrications throughout the trial, thoroughly discrediting his assertions. Wright, who has been […]

Historic $2 Billion Settlement in Genesis Case

A groundbreaking settlement has been approved by a New York bankruptcy judge, marking a significant chapter in the saga of crypto lender Genesis. The settlement, amounting to a staggering $2 billion, was greenlit by the New York State Attorney General’s office, offering a substantial resolution to a complex financial dispute. Months prior to this approval, […]