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In this article, we’ll be discussing the summary of crypto events that took place this week. Summary of Crypto Events This Week 1. Spot Ethereum ETFs Approved This week, the U.S. regulators approved eight issuers of spot Ethereum (ETH) exchange-traded funds (ETFs) after a long period of deliberation. The approval is an important step for the…
The Abu Dhabi Agriculture and Food Safety Authority has just announced a ban on cryptocurrency mining on farms. This measure was taken as a response to the misuse of farmland for activities unrelated to agriculture, with the government imposing fines of up to 10,000 UAE Dirhams (approximately $2,722) for any violations. Various sources claim…
Sec Approves All Spot Ethereum ETFs In a long and arduous journey to global relevance, the long-awaited and anticipated Spot Ethereum ETF approval has finally been approved by the US Securities and Exchange Commission (SEC). This news comes as a light at the end of the tunnel as the battle for the ETH/ETF approval has…
Earlier today the detained Binance executive Tigran Gambaryan slumped during his trial. This has raised concerns about his well being. Medical Condition Of The Binance Executive and Court Proceedings Tigran Gambaryan’s health became a significant issue during his trial at the Federal High Court in Abuja. His lawyer, Mark Mordi (SAN), told the court that the…
We are witnessing a move that could potentially reshape the landscape of blockchain technology on a larger scale. nChain, a prominent player in the Web3 and blockchain sectors, has announced the creation of the ‘Universal Blockchain Asset.’ This announcement was made during the London Blockchain Conference, marking a key moment in the ongoing evolution of…
In a startling turn, the blockchain-based gaming platform Gala Games fell victim to a significant security breach, leading to the unauthorized minting of 5 billion GALA tokens, cumulatively valued at over $200 million. This incident, which unfolded on May 20, 2024, exposed the fragility of decentralized systems and the dire need for robust security measures….
In a new development, the Telegram founder has insisted that he’ll hold on to his $7,000,000 worth of notcoin holding. Notcoin’s Impact on the Gaming Industry Not’s accomplishment shows the growing trend of incorporating cryptocurrencies into the gaming sector. Its popularity and substantial value shows the increasing acceptance and use of cryptocurrencies in gaming. The…
Robinhood Crypto has announced the launch of Solana staking services, offering a competitive annual percentage yield (APY) of 5%. This strategic decision caters to the growing demand for the SOL token among the platform’s EU user base. The 5% APY is a slight step down from Coinbase’s 5.42% reward for Solana staking, yet it represents…
The Ripple court case could favour the price of XRP if the defense strategy of Ripple is successful. Court Filings and Defense Strategy In The Ripple Court Case In the Ripple court case between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Ripple has requested to keep certain documents private. These documents include financial…
In a decisive move to safeguard national security, US President Joe Biden has mandated the relocation of property owned by a Chinese-backed cryptocurrency mining firm, MineOne Partners, situated perilously close to a strategic nuclear missile facility. The President’s directive comes amid escalating concerns over potential intelligence activities and the positioning of foreign-owned real estate near…
While we expect the launch of Notcoin on the 16th, Toncoin price has also been on the rise lately. Toncoin Price Surge Analysis Toncoin has recently experienced a significant increase in its price, which can be attributed to several factors. Firstly, there has been a notable rise in the number of people investing Toncoin. Both individuals…
Information reaching us has shown that the 3rd largest bank in the US has invested in Bitcoin ETFs. But wait a second, how does this really affect the crypto market? We’ll give you all the answers you need in a very brief read. Don’t skip. Wells Fargo’s Bitcoin ETF Holdings Fargo’s recent announcement about its…
The much-anticipated Notcoin (NOT) token has confirmed its launch date. The digital currency, which will be minted on The Open Network (TON), is set to make its debut on May 16, 2024, with major cryptocurrency exchanges like Binance, and OKX gearing up to support the rollout. OKX will hold a “Jumpstart” campaign around NOT, rewarding…
In a new development Binance exchange has accused the Nigerian government of bribery and corruption. Legal Implications for Binance Exchange and The Nigerian Government The recent accusation by Binance exchange, a global cryptocurrency exchange, against the Nigerian officials alleging a demand for a $150 million cryptocurrency bribe could lead to significant legal repercussions. The Nigerian officials…