CFTC Partners With Federal and Private Groups to Tackle Crypto Investment Fraud
As an attempt to protect users from increasing crypto scams and hacking, the Commodity Futures Trading Commission (CFTC) has announced collaboration with federal and private groups. The partnership led by CFTC’s Office of Customer Outreach and Education (OCEO) aims to…
Mark Karpeles Bets on Transparency for EllipX Success
Mark Karpeles, the former CEO of Mt. Gox, has been actively reassuring potential traders and investors about the reliability and security of his new cryptocurrency exchange, EllipX, following its recent announcement for a September launch. Given his role as CEO…
Solo Bitcoin Miner Earns $182,505 by Solving Block Alone
In a remarkable event, a Solo Bitcoin miner has successfully solved a block on their own, securing a reward of over $182,000. Block 860749, mined on September 10, included 5,935 transactions and resulted in a payout of 3.169 Bitcoin. At…
Oil Prices Dip as OPEC Sliced for 2024-2025 Demand Forecast
Oil prices continued their downward trajectory on Tuesday, following OPEC’s revised forecast by lowering the demand for 2024 and 2025. In line with the market’s reaction to the forecast, the oil prices plummeted by over 3% settling at around $66…
CFTC Against Prediction Market: Submits Emergency Motion to Block Kalshi’s Election Betting Contracts
Amid the prediction markets’ growing popularity, the United States regulator US Commodity Futures Trading Commission (CFTC) has swiftly filed an emergency motion to prevent Kalshi, a domestic prediction market platform, from offering contracts based on election outcomes. This action follows…
Analysts Doubt on Ethereum Making a New All-Time High in 2024
Despite the recent approval of Spot Ethereum ETFs, analysts anticipate the probability of Ethereum making a new all-time high by the end of 2024 is very low. The analysts attribute this prediction to Ethereum’s inability to keep momentum compared to…
Crypto Custodial Service Under Fire: U.S. Fed Intensifies Scrutiny
The US Federal Reserve seems to be on a mission to play whack-a-mole with crypto-friendly banks trying to offer crypto custodial services. In its latest move, the Fed gave Dallas-based United Texas Bank a firm slap on the wrist with…
‘Crypto Asset Security’: Ripple Lawyer Takes on SEC For Using Phrase Without Legal Ground
The animosity between Ripple Labs and the SEC shows no sign of abating. A recent example of this was Ripple Labs’ chief legal officer’s criticism of the SEC’s frequent use of the phrase crypto asset security without legal ground. Ripple…
The Bitcoin Mining Revenue Dilemma Hits Mining Profit
Bitcoin mining revenue plunged to its lowest level in August 2024 following the Bitcoin halving in April 2024. The decline was primarily due to a decrease in the number of mined coins, reduced transaction volume, and lower reward fees—all consequences…
Shiba Inu Burn Rate Surges By 244%
Shiba Inu SHIB has become a topic of discussion among the community due to a spike in the weekly burn rate. The Shiba Inu burn rate surged by a staggering 244% in the past week with over 389.2 million SHIB…