Crypto Clash: Kraken’s Powell Overshoots Donation Cap in Political Pivot
In a move echoing the Winklevoss twins’ recent faux pas, Jesse Powell, co-founder of the cryptocurrency exchange Kraken, has reportedly donated a whopping $1 million to Donald Trump’s election campaign, overshooting the legal limit for individual contributions which stands at $844,600. This hefty donation, primarily in ether, may see a significant portion returned, much like […]
Nigeria’s $400M Crypto Rollercoaster: Thrills, Spills, and Regulatory Chills
Nigeria’s cryptocurrency scene is currently valued at a whopping $400 million, signaling a burgeoning market amidst challenging regulatory dynamics. This announcement came from Emomotimi Agama, the chief of Nigeria’s Securities and Exchange Commission (SEC), during a press conference where he projected further growth in crypto trade volumes despite recent stringent measures against exchanges. The nation […]
MegaLab’s $20M Seed Round: A Leap Towards Real-Time Blockchain
MegaLabs, the pioneering developer firm behind the groundbreaking Ethereum scaling protocol known as MegaETH, has secured a substantial $20 million in its seed funding round. This investment round was spearheaded by Dragonfly Capital and saw contributions from a cohort of notable firms including Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holding, Tangent, and Credibly […]
Solana’s Price Surge: ETF Buzz Fuels Market Optimism
Solana (SOL), currently ranked as the world’s fifth-largest cryptocurrency by market capitalization, has witnessed an impressive price surge over the last 24 hours. The cryptocurrency experienced a notable 6.6% spike within just an hour and has climbed by nearly 9% in the last day, positioning it as the fifth-best performer among the top 100 cryptocurrencies […]
Zeta’s Airdrop Success: A New Era in Solana’s DeFi Landscape
Zeta Markets, a Solana-based decentralized exchange (DEX), has made a significant impact with its latest airdrop event, exceeding all prior expectations. On Thursday, Zeta launched an airdrop consisting of 100 million ZEX tokens, representing 10% of the token’s total supply. This strategic distribution was aimed at rewarding the long-term users of the platform, particularly those […]
Crypto Countdown: Major Options Expiry Stirs Market Volatility
As the clock ticks toward another significant event in the cryptocurrency markets, traders are gearing up for a major options expiry event set for this Friday at 08:00 UTC. Deribit, the leading crypto derivatives exchange, is preparing for the expiration of bitcoin (BTC) options worth $6.68 billion and ether (ETH) options worth $3.5 billion. This […]
Bitstamp Tightens Reins: Delisting Non-Compliant Stablecoins
In a move reflecting the tightening regulatory landscape across Europe, crypto exchange Bitstamp has announced it will delist Tether’s EURT and other stablecoins that fail to comply with the European Union’s forthcoming crypto regulations before the looming June 30 deadline. The new regulation, known as the Markets in Crypto-Assets (MiCA), is set to redefine the […]
Crypto Under the Gavel: DOJ Declares HYDRO a Security
In a landmark decision, the U.S. Department of Justice (DoJ) has for the first time classified a cryptocurrency, the HYDRO token, as a security. This pivotal ruling accompanied the sentencing of Shane Hampton, CEO of Hydrogen Technology, and Michael Kane, the firm’s head of financial engineering, for their roles in manipulating the token’s market prices. […]
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