Author: Anshul

Kraken Faces Legal Setback in Australia

Australia’s corporate watchdog, ASIC, has secured a victory in its legal battle against Bit Trade Pty Ltd. The operator of Kraken’s crypto exchange in Australia. The Federal Court’s decision underscores the increasing scrutiny on cryptocurrency platforms regarding regulatory compliance. Legal Proceedings and Findings On a late Thursday, the Federal Court found that Bit Trade had […]

Magic Eden ME Token Shift

Magic Eden, a leading NFT marketplace, is revisiting its token launch strategy, focusing on enhancing its brand rather than adopting new identifiers. Initially, the platform planned to introduce a fungible token named “NFT” in collaboration with the enigmatic Non-Fungible DAO. However, it has now decided to continue with the “ME” token from the restructured ME […]

Impending Bitcoin Short Squeeze: Market Watch

In the rapidly shifting sands of the cryptocurrency market, a potential short squeeze on Bitcoin looms, catching traders off-guard. Recent data from K33, a digital assets brokerage, signals a precarious setup that could lead to an explosive rise in Bitcoin’s price due to aggressive short selling in the derivatives market. Market Dynamics at Play According […]

Riot Bitfarms Hostile Takeover: A Power Play in Bitcoin Mining

In a bold move within the cryptocurrency mining industry, Riot Platforms (RIOT), the third-largest Bitcoin mining entity on Wall Street, is escalating its hostile takeover bid for Bitfarms (BITF), a smaller competitor based in Canada. As of August 13, Riot has increased its stake in Bitfarms to 19%, following the acquisition of an additional 1 […]

Australia’s AI Media Literacy Challenge

Media Literacy Lagging Behind AI Advancements New research from Western Sydney University reveals a concerning trend in Australia: media literacy is not keeping pace with rapid advancements in artificial intelligence (AI), leading to increased vulnerability and potential societal divides. The Digital News Report: Australia 2024 highlights a significant distrust in media, with only 26% of […]

Why Did PiP World Target Roblox?

PiP World’s Bold Move Last week marked a strategic pivot for the crypto educational gaming startup PiP World with its acquisition of StockRise, a popular stock-trading game on Roblox. This move raised questions about the intentions behind a crypto-centric company venturing into a platform primarily populated by the younger demographic. Roblox’s Educational Niche Roblox, known […]

Schumer’s Year-End Crypto Legislation Promise

Sen. Chuck Schumer (D-NY), the Majority Leader of the U.S. Senate, pledged robust efforts to pass significant cryptocurrency legislation by the end of the year. Addressing participants during a digital town hall meeting titled Crypto4Harris, Schumer emphasized the urgency of regulatory clarity for the burgeoning cryptocurrency sector. Addressing Crypto Regulation Urgently During the livestream event, […]

Gigachad GIGA Coin Surge: Celebrity Endorsements Fuel Rise

The cryptocurrency community is buzzing with excitement as the Solana-based meme coin, Gigachad (GIGA), experiences a significant surge in value, following high-profile endorsements from notable public figures such as Ernest Khalimov and bodybuilder Mike ‘Titan’ O’Hearn. This recent increase highlights the potent influence of celebrity backing in the volatile realm of digital currencies. Background of […]