The Bitcoin network has entered the NFT industry with a bang, making significant strides in terms of sales volume. According to data from NFT tracker CryptoSlam, Bitcoin-based NFTs have amassed an impressive $4.29 billion in total sales as of June 18. This places Bitcoin in third position, behind only Ethereum and Solana, which have sales
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The recent announcement by the Securities and Exchange Commission (SEC) regarding Ethereum 2.0 has brought a sense of relief to the cryptocurrency community. The SEC has officially closed its investigation into Ethereum, determining that sales of ETH are not classified as securities transactions. This decision follows a letter sent by Consensys on June 7, seeking
Recently, David Hirsh, who served as the Chief of the Crypto Asset and Cyber Unit at the Securities and Exchange Commission (SEC), announced his resignation. After spending nine years with the agency, Hirsh took to LinkedIn to express his gratitude to his colleagues, mentors, and friends for their support. He mentioned that securities enforcement is
Bitcoin (BTC) has experienced a 4.5% decline in the past week, reaching a monthly low of $65,000. This drop in value is believed to be attributed to the heightened selling activity from mining entities. According to analysts in the recent CryptoQuant weekly report, Bitcoin mining entities have been sending an increased number of BTC to
In a recent report by blockchain intelligence firm TRM Labs, it was revealed that cryptocurrency deposits into crypto addresses linked to Chinese drug precursor manufacturers have more than doubled in the first four months of 2024 compared to the same period in 2023. This surge in cryptocurrency transactions indicates a growing trend of using digital
The upcoming auction at Sotheby’s on June 18, featuring a curated selection of Bored Ape Yacht Club-centric Ethereum NFTs from Yuga Labs, comes at a crucial time for the NFT market. The auction aims to not only gauge the fine art community’s interest but also to determine the lasting value of Ape-themed digital assets. However,
Ripple, a prominent player in the cryptocurrency industry, has recently made headlines by contributing $25 million to the Fairshake super PAC. This move is part of a broader industry-wide effort to advocate for pro-crypto policies and politicians. The decision to boost Fairshake’s efforts comes at a critical time for Ripple, as the company is currently
The recent surge in Solana meme coin prices is indicative of the growing interest in meme coins within the crypto market. Dogwifhat (WIF) has seen a significant increase of 27% in value since the beginning of the week, with the potential to retest its 20224 high of $4.80. This spike in WIF’s value is attributed
In the bustling world of NFTs, Magic Eden Marketplace has emerged as a vibrant hub for enthusiasts in 2024. Initially focused on the Solana-based NFT sector, this decentralized marketplace has expanded to support Ethereum NFTs and the latest Bitcoin ordinals. With an impressive user count and reputation for low transaction costs, Magic Eden is the
The recent arrest of a Taiwanese national, Rui-Siang Lin, has revealed a disturbing truth about the dark web drug bazaar known as Incognito Market. The platform, responsible for transacting over $100 million in cryptocurrency, primarily through the sale of illegal narcotics like fentanyl, has been operating for the past four years under the alias “Pharoah.”