Paradigm, a prominent firm in the blockchain ecosystem, recently raised concerns over the European Securities and Markets Authority’s (ESMA) proposed regulations under the Markets in Crypto Assets Regulation (MiCA). One of the key issues highlighted by Paradigm is the misinterpretation of Maximum Extractable Value (MEV) and the potential overreach of regulatory measures. ESMA categorized MEV
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CleanSpark, a major player in the Bitcoin mining industry, recently made headlines with its acquisition of GRIID Infrastructure in a $155 million all-stock deal. This acquisition immediately added 20 megawatts (MW) of power to CleanSpark’s operations, with an additional 400 MW expected to be added in Tennessee over the next two years. The merger required
The collaboration between Netmarble’s Marblex and Immutable has brought about a groundbreaking partnership in the blockchain gaming world. The integration of Immutable’s cutting-edge zkEVM chain into the Marblex ecosystem is set to revolutionize the gaming experience for developers and gamers alike. The key advantage of Immutable zkEVM lies in its state-of-the-art layer-2 solution, which offers
The anticipation for the launch of new spot Ethereum ETFs among asset managers is at an all-time high, contingent on approval from the US Securities and Exchange Commission (SEC). This development is poised to have a significant impact on the cryptocurrency market, with Bitwise Chief Investment Officer (CIO) Matt Hougan expressing optimism about the potential
The price of Bitcoin (BTC) has continued its downtrend, dropping to new local lows of under $59,000. During the mid-hours of the United States Monday trading session, BTC briefly fell below $60,000 to hit a new local low of $58,500. This downward trend has been sustained as outflows from the U.S. spot Bitcoin exchange-traded fund
In recent years, the world of digital collectibles has seen a massive surge in popularity, with Non-Fungible Tokens (NFTs) leading the way. These unique digital assets have not only captured the attention of artists and collectors but have also presented new investment opportunities. NFTs, unlike cryptocurrencies such as Bitcoin and Ethereum, represent ownership of exclusive
The trading volume of Tether (USDT) on the TRON network has set a new record, reaching a staggering $53 billion. This surpasses the average daily trading volume of payment giant Visa in the first quarter of 2024, which was reported at $42 billion. The comparison to Visa, a global leader in payment processing, underscores the
Recently, a federal judge in California expressed his inclination to allow the Securities and Exchange Commission’s (SEC) lawsuit against Kraken to move forward. The judge, William Orrick, indicated that he was leaning towards denying Kraken’s request for dismissal. This decision has cast doubt on the exchange’s efforts to have the case thrown out. According to
MomoAI is redefining the landscape of social growth within the TON and Solana ecosystems through cutting-edge AI technology. By harnessing advanced viral marketing strategies and AI-bot interactions, MomoAI focuses on expanding its user base rapidly while ensuring high levels of engagement. The platform aims to foster growth specifically within the Telegram ecosystem by combining the
Binance, the world’s largest crypto exchange, has been dealing with a growing number of regulatory hurdles in various countries such as India, Canada, and the United States. Most notably, the Financial Intelligence Unit (FIU) of India recently fined Binance 188.2 million Indian Rupees for failing to comply with the nation’s Anti-Money Laundering (AML) regulations. The