Binance’s exec exodus, Nasdaq to trade AI orders, and more

Binance’s exec exodus, Nasdaq to trade AI orders, and more

Binance has seen the departure of 10 key executives in the first nine months of 2023 amid growing regulatory troubles. The latest executives to resign include the executive vice president and the vice president of Eastern Europe, Turkey, and other regions. The departures come after the US Department of Justice investigation into Binance. Meanwhile, the … Read more

SEC presses court to grant Ripple Labs’ appeal citing ‘complex legal issues’

SEC presses court to grant Ripple Labs’ appeal citing ‘complex legal issues’

SEC urges court to grant Ripple Labs appeal citing ‘knotty legal problems’ The U.S. Securities and Exchange Commission (SEC) has filed a motion to appeal a ruling from the Ripple Labs lawsuit that stated XRP was not a security. The SEC argues that there are “knotty legal problems” with the court’s interpretation of the law, … Read more

U.S. SEC Counters Ripple in Ongoing Effort to Appeal Groundbreaking XRP Ruling

U.S. SEC Counters Ripple in Ongoing Effort to Appeal Groundbreaking XRP Ruling

Judge Torres ruled in July that Ripple violated federal securities law in its sale of XRP to institutional investors, but not to retail investors. However, Judge Jed Rakoff disagreed with this ruling in a separate case brought by the SEC. The SEC referenced this disagreement in its first memo and recent filing in an effort … Read more

Bitcoin Exhibits Signs of Vitality

Bitcoin Exhibits Signs of Vitality

Bitcoin Shows Signs of Life Bitcoin experienced a slight boost in price, rising 3% to reach $26,400 before dropping back down below $26,000. The CoinDesk Market Index also saw a 2% increase before retracting. Throughout the month, Bitcoin has struggled to surpass $26,000 as traders awaited regulatory clarity, such as the SEC’s decision regarding the … Read more

Enhancing Sustainability and Resilience in the Development Fund 2

Enhancing Sustainability and Resilience in the Development Fund 2

Building sustainability and resilience into ‘Dev Fund 2’ Discussions about a new development fund for Zcash have begun as the current fund will expire in November 2024. The community is expressing a preference for changes in how Zcash issuance is distributed and who receives it. The current structure, where 80% of Zcash issuance goes to … Read more

Bitcoin price faces 200-week trendline as US dollar hits 6-month high

Bitcoin price faces 200-week trendline as US dollar hits 6-month high

Bitcoin (BTC) hovered around its key long-term trendline as the US dollar gained strength, reaching its highest level in six months. The BTC price focused on the $25,700 area, showing less volatility compared to the previous day. Bitcoin market participants remained cautious with predictions of a further decline in price. Traders and analysts identified the … Read more

Bitcoin Could Decline Further Before A Rebound, Here’s Why

Bitcoin Could Decline Further Before A Rebound, Here’s Why

Bitcoin’s on-chain metric, the Spent Output Profit Ratio (SOPR), suggests that there may be more downside for the cryptocurrency before a rebound occurs. Currently, short-term holders (STH) are selling their coins at a loss, indicating that loss-taking is dominant in the market. The 30-day moving average (MA) Bitcoin SOPR has recently dipped below the support … Read more

Former Alameda CEO’s $2.5 Million Yacht Deal Exposed In FTX Court Documents

Former Alameda CEO’s .5 Million Yacht Deal Exposed In FTX Court Documents

Recent court filings have revealed a series of financial transactions that occurred prior to the decline of FTX in November 2022. The filings suggest that these transactions predominantly benefited individuals in influential positions within the company. However, FTX debtors have cautioned that the accuracy and completeness of the data cannot be guaranteed. One notable transaction … Read more

Legal Property Or Trouble Ahead?

Legal Property Or Trouble Ahead?

A recent report from China’s People’s Court challenges the government’s historical stance on cryptocurrency by recognizing virtual assets as legal property. This is a departure from China’s strict regulations and bans on cryptocurrencies. The report asserts that virtual assets possess economic attributes that categorize them as property. While this recognition does not directly challenge the … Read more

How Web3 can prevent Hollywood strikes

How Web3 can prevent Hollywood strikes

Streaming video is a rapidly growing industry, with the OTT video market expected to reach $200 billion by 2023. However, the revenue-sharing mechanics of the industry are imbalanced, with platforms capturing most of the revenue and leaving minimal value for content creators. To address this issue, a decentralized video distribution ecosystem called Replay is utilizing … Read more