After Paxos, SEC Drops Three-Year Hiro Systems Investigation
In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has concluded its three-year investigation into Hiro Systems, the developer behind the Bitcoin Layer-2 protocol Stacks, without taking any…
Europe Dominates Crypto Trading Volume, Projected to Exceed $108 Trillion by 2024
The world of cryptocurrencies is witnessing unprecedented growth, and Europe is at the forefront of this revolution. According to a recent CoinWire study, Europe is well-positioned to become a powerhouse in crypto trading volume, with significant…
Crypto Market Poised for Rebound in August, Says JPMorgan
The cryptocurrency market is set to experience a significant rebound in August, according to a recent report by JPMorgan. This optimistic outlook follows a period of substantial liquidations expected to conclude by the end of July. Current Market…
Zero Hash Expands Token Support to Include SUI
Zero Hash, a leading crypto and stablecoin infrastructure platform, has recently announced the addition of the SUI token from the Sui blockchain to its list of supported tokens. This expansion brings the total number of supported tokens on Zero Hash’s…
U.S. Court Rules Bitcoin and Ethereum as Commodities
In a landmark decision last week, an Illinois court ruled that Bitcoin and Ethereum are to be classified as digital commodities. This ruling affirms the Commodity Futures Trading Commission’s (CFTC) authority over these major cryptocurrencies, providing…
Bitwise to Launch Ethereum ETFs This Summer
In a groundbreaking announcement, Katherine Dowling, the Chief Compliance Officer at Bitwise, revealed that the company is set to launch Ethereum ETFs this summer. This move marks a significant milestone in the cryptocurrency market, offering new…
Metaplanet’s Bold Bitcoin Investment Sparks Stock Surge
In a strategic move that has captured the attention of the financial world, Metaplanet has recently invested a substantial $6.3 million in Bitcoin. This significant acquisition has not only bolstered the company’s cryptocurrency holdings but also had a…
FTX Prepares $16 Billion Distribution: Potential Surge in Bitcoin and Solana Buying Activity
In a significant development for the cryptocurrency market, the defunct FTX exchange is gearing up to distribute $16 billion to its affected customers. This move comes as a part of the exchange’s bankruptcy proceedings, aiming to compensate those who…
Michael Saylor Settles $40 Million Tax Evasion Lawsuit with Washington, D.C.
Billionaire Michael J. Saylor, co-founder of MicroStrategy, has recently made headlines for reaching a historic settlement with the District of Columbia (D.C.). The settlement resolves a tax evasion lawsuit filed by the D.C. Office of the Attorney…
Circle Gains EU’s First Stablecoin License Under New MiCA Regulations
Circle, a leading cryptocurrency firm known for its USDC stablecoin, has secured an e-money license from France’s banking regulator, ACPR. This milestone makes Circle the first global stablecoin issuer to comply with the European…