Chief Legal Officer of Coinbase, Paul Grewal, spoke to lawyer John Deaton, host for the Twitter-based podcast CryptoLaw, regarding the exchange’s decision to continue offering Algorand (ALGO).  The U.S. Securities and Exchange Commission (SEC) earlier classified Algorand as a security in its charges against the Bittrex crypto exchange. Notably, Coinbase […]

BDO Italia’s latest attestation report for Tether revealed that Bitcoin made up approximately $1.5 billion of the stablecoin issuer’s reserves, or roughly 2% of the total, at the end of the first quarter. The accounting firm did not list Bitcoin (BTC) as a line item in previous reports. Precious metals were […]

It was recently reported that Ripple Labs would spend roughly $200 million defending the SEC lawsuit. However, top venture capitalist Jason Calacanis has claimed that the San Francisco-based blockchain payments firm would have spent less if it only registered XRP as a security. Ripple CEO Brad Garlinghouse did not hesitate […]

In this week’s newsletter, learn about emerging technologies creating new ethics for humankind. Read about the nonfungible token (NFT) marketplace Binance NFTs adding support for Bitcoin Ordinals on its platform, and check out why Kenyan lawmakers are considering a tax on crypto and NFT transfers. In other news, former OpenSea […]

On May 10, local news outlet Hankyung reported that Do Kwon, co-founder and former CEO of Terraform Labs, had over 233.3 billion Korean won ($176 million) in personal assets frozen as part of ongoing criminal proceedings. Chief Judge Yun Chan-Young of the 12th Criminal Division of the Seoul Southern District […]

On May 10, nonfungible tokens (NFT) financialization protocol ParaSpace published several alleged irregularities tying its CEO, founder, and CTO Yubo Ruan to the mismanagement of funds equaling 2,909 Ether (ETH) recovered through a white-hat interception that occurred on March 18. Ruan denied any wrongdoing, writing: “manufacturing claims with the intent […]

Bitcoin holders have been paying attention to the amount of BTC leaving crypto exchange platforms. Over the past week, the cryptocurrency’s liquidity has been moving, raising concerns about the stability of these venues and that marketmakers might be exiting the space. As the U.S. faces a banking crisis, crypto exchanges […]

The Bitcoin market has been witnessing a gradual shift recently as the transaction count of $1 million or more among Bitcoin whales has steadily declined since March 22. This downward trend has caught market analysts’ attention and led to several speculations about the future of Bitcoin. As the leading cryptocurrency, […]

Validators earned $46 million in the first week of May due to an increase in the staking rewards rate, which is a metric for validators’ annualized yield. According to data, validators earned 24,997 Ether (ETH) in the week, representing a 40% increase over the previous week’s income of $33 million, […]

On Monday (May 8), a prominent $SHIB influencer made an interesting observation about the highly popular Shiba Inu (SHIB) project. Originating from the popular Shiba Inu dog meme, the Shiba Inu cryptocurrency initiative positions itself as a contender to Dogecoin and operates on the Ethereum blockchain. The Shiba Inu (SHIB) […]