The presale for Solana’s all-American hillbilly Sealana ($SEAL) token has garnered massive attention, attracting over $3 million in funding within a month. This surge in interest in Sealana is part of a new wave of Solana meme coins that have captivated investors worldwide. Predecessors such as DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME), and
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The Russian Central Bank has recently reported a significant increase in cryptocurrency transactions among Russian citizens. According to the bank’s financial stability report, there has been a noticeable surge in activities on crypto exchanges and peer-to-peer trading platforms. From the fourth quarter of the Financial Year 2023 to the first quarter of FY2024, the total
Coinbase has recently filed a motion for an interlocutory appeal with the US District Court for the Southern District of New York, accusing the SEC of trying to circumvent the Howey test. The exchange argues that the SEC is avoiding the question of whether a digital asset transaction without post-sale obligations can be deemed an
Coinbase, a leading cryptocurrency exchange, has recently announced the reintroduction of XRP trading support for New York residents. This development comes after a period of suspension due to regulatory concerns, signaling a positive shift in the relationship between Coinbase and the state of New York. In January 2021, Coinbase made the decision to suspend XRP
The recent decision by the First District Court of Appeals in Florida to nullify an Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US has sparked a wave of discussions in the crypto community. Earlier this year, the regulator banned Binance.US from serving Florida residents, citing “immediate danger” to the public
BounceBit, a new Bitcoin restaking startup, has recently unveiled an elaborate roadmap for 2024 with the goal of revolutionizing high-yield Bitcoin investing through a combination of centralized and decentralized finance. Challenges and Opportunities The startup, backed by Binance, aims to bridge the gap between CeFi and DeFi by introducing innovative products and enhancing the existing
Recently, France’s Autorité des Marchés Financiers (AMF) issued a warning to French crypto investors regarding Bybit, stating that the platform is not registered in the country. The AMF urged retail investors to exercise caution when considering investment proposals from Bybit, emphasizing that the platform is not authorized to provide its services in France. This warning
Recently, Huobi HK made headlines when it withdrew its application for a cryptocurrency trading license from Hong Kong’s Securities and Futures Commission (SFC) for the second time. This decision came just two months after a re-submission, raising questions about the company’s future in the region. Hong Kong has been actively working towards establishing itself as
US lawmaker Wiley Nickel has taken a stand against the SEC’s Staff Accounting Bulletin 121 (SAB 121), calling for its repeal before an impending Senate vote. This bulletin mandates financial institutions custodying crypto assets to include them on their balance sheets. Many stakeholders in the industry have voiced their concerns about the regulation, arguing that
Deutsche Bank has taken a significant step towards embracing digital assets and tokenization by partnering with the Monetary Authority of Singapore in Project Guardian. This initiative aims to test the applications of asset tokenization in a regulated environment, focusing on their viability and potential integration within financial markets. The collaboration also includes Memento Blockchain and