Category: crypto

The Securities and Exchange Commission (SEC) postponed decisions on nine cryptocurrency exchange-traded fund (ETF) applications, including Bitcoin, XRP, Litecoin, and Dogecoin. The delays are due to the SEC’s efforts to create a comprehensive digital asset framework. Analysts suggest this approach aims to establish approval criteria before greenlighting individual applications, potentially leading to generic listing standards…

JPMorgan Chase CEO Jamie Dimon warns about the U.S. dollar’s reserve currency status at a forum, citing internal threats like excessive government spending and trade tensions with China. Dimon’s concerns resonate beyond finance, with Elon Musk supporting his views. The implications of losing reserve currency status could be significant, but the U.S. is exploring innovative…

Prominent trader James Wynn saw nearly $100 million in leveraged Bitcoin positions liquidated after a price dip triggered by new tariff announcements. Despite the massive loss, Wynn remained unfazed and quickly re-entered the market. The incident highlighted the risks of high-leverage trading and served as a cautionary tale.

Former UFC champion and Irish presidential hopeful Conor McGregor is advocating for an Irish strategic Bitcoin reserve, aiming for financial independence. He has reached out to El Salvador’s president and other prominent Bitcoin advocates for collaboration. However, establishing a national Bitcoin reserve in Ireland would require coordination with EU institutions and the Irish Central Bank.…

Johanna Rose Cabildo, CEO of Data Guardians Network, discusses the challenges of AI running on unreliable data with legal issues. Synthetic data and scraping are not sustainable solutions. Blockchain technology offers traceability, immutability, and verifiability to ensure trustworthy data for AI. A new data economy is needed for ethical and transparent AI development.

Trust Wallet’s Lead Product Manager Nanfeng Jie discusses the trend of users choosing self-custody for digital assets for control and accountability. The rise of tools like Trust Wallet reflects this shift, with features like FlexGas allowing users to pay gas fees with tokens they hold. The EIP-7702 proposal aims to improve user experience by introducing…

CryptoSlate’s report explores the rise and fall of NFTs, from their peak popularity and speculation to the subsequent decline in activity and value. The current focus is on finding stability and meaning in the aftermath of this boom-bust trajectory.

Brazilian company Méliuz saw its shares drop by 7% to R$8.20 on May 30 following the announcement of a primary share sale that could raise $26 million for expanding its Bitcoin treasury. The company plans to issue new shares for professional investors and has already purchased Bitcoin as a long-term investment.

The US Treasury Department imposed sanctions on Funnull Technology Inc., a Philippines-based tech firm accused of facilitating online crypto investment scams, defrauding American victims of over $200 million. The firm provided critical infrastructure for the scams and linked to virtual currency scam websites reported to the FBI. The sanctions aim to disrupt criminal enterprises and…

The Ethereum Pectra hard fork successfully doubled the default blob count from three to six and raised the ceiling to nine. A report by ethPandaOps analyzed the performance of 123 Beacon-chain nodes across 27 countries, confirming that home users could support nine blobs. Future gas limit increases are on hold until PeerDAS is implemented in…