Author: WebDesk
CryptoQuant CEO and founder Ki Young Ju has stated that Chinese authorities have already liquidated a massive trove of BTC originally tied to the PlusToken scam. Posting on X (formerly Twitter) on January 23, Ju stated: “China sold 194K Bitcoin already, imo. PlusToken’s seized BTC in 2019 was sent to Chinese exchanges like Huobi. The CCP said it was ‘transferred to the national treasury’ without clarifying if it was sold. A censored regime holding censorship-resistant money feels unlikely.” He followed up with further details about the possible fate of these Bitcoins: “The seized BTC from the PlusToken scam was mixed…
“Bye, bye SAB 121! It’s not been fun,” says a post published in X by SEC Commissioner Hester Pierce after the US regulator withdrew the controversial accounting guidance of 2022, which required companies to report customers’ crypto assets on their balance sheets.The cryptocurrency industry has welcomed the move wholeheartedly. Many crypto enthusiasts have expressed their happiness openly on social media. Some think that it is a crucial point in the journey of the crypto sector toward success. Time to dive deeper. Ready? What Was SAB 121 and Why Was It Controversial? SAB 121 was introduced in 2022. It aimed to address risks…
Have you ever wondered if there’s a fresh way to raise money for your blockchain idea? NFTs might be the answer. In this guide, we’ll walk through how NFT fundraising works, why it’s different from traditional methods, and how an Ethereum Layer 2 project managed to pull in $22 million using NFTs. We’ll keep it simple so you can follow along even if you’re new to the crypto space. Overview of NFT Fundraising NFT fundraising lets blockchain startups sell unique digital assets to supporters who want more than just a typical investment. Since each NFT can represent something one-of-a-kind—like special…
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…
Lawmakers are pushing back on a Biden administration rule redefining decentralized finance participants as “brokers,” warning it risks stifling U.S. cryptocurrency innovation and driving it overseas. Biden’s Crypto Rule Sparks Backlash: Will It Push Blockchain Innovation Overseas? U.S. Senator Ted Cruz (R-Texas) and Representative Mike Carey (R-Ohio) have introduced a joint resolution aimed at overturning […] Credit: Source link
Coinbase rolled out the newest State of Crypto report. The study was conducted by Ipsos. It observes how crypto and blockchain technology are viewed in Argentina, Kenya, the Philippines, and Switzerland and how it impacts the lives of people in these countries. For most of the part, the study is based on surveys with 4,000 adults (not specifying the age rates) in Argentina, Kenya, the Philippines, and Switzerland conducted on behalf of Coinbase. The choice of countries aims to give an outlook of societies living in markedly different socioeconomic conditions in different parts of the world (none of these countries…
The Avalanche Foundation’s native cryptocurrency, AVAX, has struggled in the past month, falling around 14% on the charts. Since the start of 2025, it has failed to pick up in price alongside other top cryptocurrencies under a new US administration that is more in favor of crypto. Despite that, trading volume around AVAX remains high, as investors continue swooping up this dip. Indeed, Avalanche’s trading volume is up 27%, with $399.16M in AVAX changing hands.Avalanche is a platform tailored for creating custom blockchain networks and decentralized applications. Its focus on speed and cost-efficiency has attracted developers from various industries, including…
The US initial public offering (IPO) market is anticipating a substantial recovery in 2025, with a noticeable emphasis on listings pertaining to crypto, as the global economy continues to change. Favorable legislative reforms and increased institutional interest in digital assets are expected to fuel a boom in initial public offerings (IPOs) in the cryptocurrency sector. A strong US economy and low borrowing rates are largely responsible for this recovery, which should create a favorable atmosphere for businesses looking to exit through an IPO. Even with the recent market fluctuations, the medium-term picture is still promising. NYSE VP Upbeat About Crypto…
There have been significant losses for Litecoin and Shiba Inu in the last 24 hours as many holders look to new projects hoping for better returns. Among these is Remittix (RTX), a PayFi project that raised over $5.2 million in its presale in just a few weeks. The project tackles problems that have been plaguing the global payments sector for many years now, offering a modern alternative. This is a market worth $190 trillion and Remittix could grab a big slice. So how will Shiba Inu (SHIB), Litecoin (LTC) and Remittix (RTX) fare in Q1 of 2025? Shiba Inu (SHIB)…
Today, U.S. President Donald Trump signed an executive order (EO) related to Bitcoin and cryptocurrency, titled “Strengthening American Leadership In Digital Financial Technology”. This EO officially banned the creation and issuance of a central bank digital currency (CBDC) in the United States, defining a CBDC as “a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.”“Except to the extent required by law, agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad,” the…
