Russia has approved new laws for the legal mining of cryptocurrencies and the use of cryptocurrencies in cross-border transactions. The bills were signed by President Vladimir Putin on August 8, indicating a significant shift in the country’s stance toward digital currencies. The new laws will be implemented in September for cross-border transactions ... Read more
Magic Eden, a leading NFT marketplace, has established separate domains for international users and US users. The platform asserted that the US domain will continue to offer familiar functionalities. However, the IO domain will be a hub for “cooking up (and sautéing)” new features. This move has sparked concerns among ... Read more
The UK Financial Conduct Authority (FCA) revealed in its 2024 annual report that nearly 90% of crypto firms applying for registration in the last year did not meet regulatory standards. This announcement comes as the FCA continues its effort to enhance financial stability while also supporting economic growth in the ... Read more
After a week of his arrest, Telegram founder Pavel Durov released a statement claiming that the social media platform was unfairly targeted and that it has taken significant steps to combat extremism. “We have been unfairly targeted by authorities who seem to misunderstand the nature of our platform,” Durov said. ... Read more
Celestia, a layer-1 data availability network, has revealed an ambitious technical roadmap to scale its block size to 1 gigabyte. According to a recent blog post, the Celestia Mainnet Beta launched last year after years of development, laying the foundation for an early ecosystem. Since then, developers have deployed the ... Read more
Despite recent downturns, Bitcoin investors remain profitable, although Short-Term Holders (STHs) face significant losses. Recent analysis highlights this divide, showing that while long-term holders continue to fare well, those who entered the market more recently are struggling. Recent data from Glassnode reveals a stagnation in Bitcoin’s price and a marked ... Read more
The Federal Reserve recently issued a cease-and-desist order against United Texas Bank, citing major shortcomings in the bank’s compliance with anti-money laundering (AML) laws, particularly in its dealings with cryptocurrency clients. The Federal Reserve Bank of Dallas, in collaboration with the Texas Department of Banking, conducted an examination in May ... Read more
One of crypto’s fierce advocates and XRP enthusiast John E. Deaton recently secured the GOP nomination, for the upcoming Massachusetts Senate race where he will face off against veteran Democratic challenger Elizabeth Warren on Nov. 5. Deaton garnered significant support from the crypto community, securing 65% of the vote, making it a ... Read more
The U.S. Commodity Futures Trading Commission (CFTC) has issued a penalty order against Uniswap Labs, alleging illegal involvement in leveraged or margined retail commodity trading through its decentralized digital asset protocol. According to the CFTC, Uniswap Labs allowed U.S. users to trade leveraged tokens without proper authorization, leading to regulatory ... Read more
Shiba Inu’s marketing guru Lucie provided an overview of the Shibarium blockchain and its evolving role in the meme coin ecosystem. In a recent post, the top exec emphasized that the layer-2 protocol will serve as the central hub for all assets and applications within the SHIB ecosystem. Reiterating a ... Read more
