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SEC’s Hester Peirce Criticizes Agency’s Crypto Approach as “Strange”

US Securities and Exchange Commissioner Hester Peirce has reiterated her criticisms of her own agency's approach to cryptocurrencies in a recent appearance at ETH Denver.Peirce expressed frustration over the SEC's tendency to "regulate by enforcement" and criticized the slow approval process for...

, by Ruholamin Haqshanas

Traders Predict This Coin Can 25x By The End Of 2024

A new meme coin called Frogwifhat ($FWIF) is creating a buzz in web3 circles as traders predict this coin can 25x by the end of 2024. As meme coins across crypto pump, Frogwifhat rallied an impressive 125% on Friday, as per DEXTools. Currently trading just under $0.003, $FWIF’s...

, by Michael Davis

AI Tokens to Democratize Access To Artificial Intelligence Models

Artificial Intelligence (AI) is set to be one of the most transformative technologies of the century. A new report from ResearchAndMarket.com projects the global AI Market is expected to be valued at around $1,057.47 billion by 2030. Unsurprisingly, this potential has fueled immense growth in...

, by Rachel Wolfson

$400 million in ETH Withdrawn from Blast L2 Network Following Mainnet Launch

Around $400 million in Ether (ETH) has been withdrawn from the Ethereum layer-2 network Blast after the launch of its mainnet on February 29 at 9:00 pm UTC, which unlocked nearly $2.3 billion in staked crypto that was previously locked up on the network. Blast, an optimistic rollup blockchain...

, by Hassan Shittu

OTC Desks Are Rapidly Running Out Of Bitcoin: Caitlin Long

The rapid growth of Bitcoin spot ETFs has dramatically reduced the supply of Bitcoin available through over-the-counter (OTC) desks. The trend is both visible with blockchain data and was acknowledged by Custodia Bank CEO Caitlin Long on Thursday. Bitcoin OTC Supply Dries Up “I spent time in NYC...

, by Andrew Throuvalas

Bank for International Settlements Releases Executive Summary of Global Stablecoin Recommendations

The Bank for International Settlements (BIS) released recommendations for the regulation, supervision, and oversight of global stablecoin arrangements in a February 29 executive summary. The international financial institution acknowledged the potential of stablecoins to enhance the efficiency...

, by Julia Smith

Worldcoin Price Dips as Elon Musk Sues OpenAI and Sam Altman

On Thursday, the price of Worldcoin's WLD token dipped following news of Elon Musk's lawsuit against OpenAI and its CEO, Sam Altman, alleging a breach of their nonprofit agreement. The lawsuit argues that OpenAI's collaboration with Microsoft deviates from its foundational principles of advancing...

, by Jimmy Aki

DeFi Exploits in February Cause Losses of $82 Million With Just $1.3 Million Recovered: Report

February 2024 witnessed the DeFi sector grappling with security exploits that led to losses exceeding $82 million. A report sent to Cryptonews by Web3 app and antivirus solution De.Fi noted that $82,287,101 was lost, with just $1,325,932 recovered. The biggest DeFi security exploit in...

, by Brian Yue

Ordinals Trader Recovers Bitcoin After Fat-Fingered NFT Purchase

On March 1, a cryptocurrency trader shared a riveting tale on social media, recounting the accidental purchase of a non-fungible token (NFT) at 1,000% above its listing price. The trader, whose X username is PrincePablos, paid 0.21 BTC (about $12,877) for a Bitcoin Ordinals NFT listed at 0.021...

, by Jimmy Aki

Trader Loses $70,000 In Seconds to Binance Hack, Details “Strange” Experience

A crypto trader on the Binance exchange lost $70,000 in mere seconds to a hacker on Thursday. In an X post, a trader going by the username “DoomXBT” posted a thread sharing his “strange” experience of getting hacked on Binance. Binance Hack Details The hacker performed...

, by Brian Yue

Unveiling the Dark Web: How Privacy Coins Fuel the Trade of Criminal Material Online

Privacy coins are fuelling the proliferation of child sexual abuse material (CSAM), according to Chainalysis's 2024 Crypto Crime Report. The report highlights crypto's growing role as tender among dark web vendors of CSAM. Like other things listed on the dark web, CSAM is often bought and sold...

, by Tim Hakki

House Financial Services Committee Votes In Favor of Resolution to Overturn SEC’s SAB 121

The House Financial Services Committee voted on Thursday to proceed with a resolution that would “reverse” the United States Securities and Exchange Commission’s (SEC) controversial digital asset accounting bulletin, SAB 121. The resolution, brought forward by representatives...

, by Julia Smith

Arbitrum and Robinhood Partnership Ushers in New Era for Decentralized Finance Swaps

Ethereum scaling solution Arbitrum has partnered up with trading app giant Robinhood to announce a new token swap integration in Robinhood's self-custody wallet. The companies made the joint announcement yesterday at the ETHDenver conference. The new integration lets Robinhood Wallet users...

, by Tim Hakki

Nokia Aims for Metaverse Expansion in 2030 Strategy

Nokia is gearing up for a surge in network demand driven by anticipated advances in the metaverse, Web3, and artificial intelligence (AI) by the year 2030. The company's Technology Strategy 2030 report outlines plans to address this increased demand through investment in network infrastructure...

, by Hassan Shittu

Binance Removes Nigerian Naira from P2P Service Amid Devaluation Concerns

Cryptocurrency trading platform Binance has made the decision to remove the Nigerian currency, the naira, from its peer-to-peer (P2P) service, prompting discontent and concern among Binance users in Nigeria. This development coincides with reports that two Binance executives have been detained...

, by Hassan Shittu

Hong Kong’s Crypto License Scheme Sees 24 Applicants, Far Fewer Than Singapore’s 70

The deadline for virtual asset trading platform (VATP) crypto license applications in Hong Kong has passed, with the number of applicants reaching 24, a significantly lower figure than the 70 applicants seen in a similar scheme in Singapore.At least five cryptocurrency firms submitted their...

, by Ruholamin Haqshanas

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