Key members of the Solana ecosystem are the target of a class-action lawsuit filed last week before a court in California. They are accused of illegally benefitting from SOL, the blockchain’s native token, which the lawsuit claims is an unregistered security. The suit alleges, “The cornerstone of the value of SOL securities is the sumContinue reading “Solana under attack – SOL investor files class action claiming ‘securities violations’”

Digital asset investment company CoinShares announced on Tuesday that it has completed the acquisition of a cryptocurrency business, subject to EU regulations. This step is likely to pave the way for the company to expand its regional sales of goods and services. Napoleon Asset Management, one of the first digital asset managers in the EUContinue reading “CoinShares gets its latest regulatory nod, paving the way for…”

Jim Cramer is in the news again after criticizing the cryptocurrency market once more. In fact, he called it a market of “no real value,” while also forecasting additional market declines. The former hedge fund manager criticized the industry’s chronic liquidity shortage on CNBC’s Squawk Box on Tuesday. He also took a shot at theContinue reading “Ethereum ‘believer’ now claims crypto has ‘no real value’”

Popular cryptocurrency lender Voyager Digital declared bankruptcy late Tuesday, becoming the second high-profile crypto-firm to do so in recent days. Voyager, based in Toronto, filed for Chapter 11 bankruptcy protection in the Southern District of New York on Tuesday. It estimates that it has more than 100,000 creditors and assets worth between $1 and $10Continue reading “Voyager Digital files for Chapter 11 bankruptcy protection”

Cryptocurrency lending firm CoinLoan has declared it will reduce its $5,000 daily withdrawal cap from $500,000. The new $5,000 daily withdrawal cap for consumers is a 99% reduction from its prior cap. According to the company, while it remains “unaffected” by recent market turbulence, a hike in money withdrawals is the reason behind this decision.Continue reading “CoinLoan cuts down on its daily withdrawal cap by 99%”

In light of the crypto-market’s recent fortunes, popular lending platform Vauld has halted trading, deposits, and withdrawals. The company’s management disclosed that it is “suffering financial issues” in a blog post on its website. Released a few hours ago, a statement from Vauld CEO Darshan Bathija claimed,  “This is due to a combination of circumstancesContinue reading “The how, what, and why of Vauld suspending its services citing ‘challenges’”

A report by investing firm Alto has found that 40% of American millennials (those between the ages of 2 and 41) possess cryptocurrencies. A roughly similar percentage of respondents, according to the study, own individual stocks. The study observed that a lot of U.S millennials who used mutual funds had some of their wealth investedContinue reading “How into crypto are U.S millennials these days? Survey says…”

The Central African Republic (CAR) has launched the Sango crypto-hub initiative. It is funded by the government to promote the expansion of the regional market for digital assets. The Sango initiative has been introduced following CAR’s acceptance of Bitcoin as legal tender in April. The project aims to attract businesses, international crypto-talent, and enthusiasts, inContinue reading “New Crypto Hub for Central African Republic; Here’s what’s next”

NFT marketplace OpenSea suffered a data breach because a worker at its email delivery partner lost user information. According to a blog post published late on 29 June, OpenSea claimed that an employee of Customer.io “misused their employee access to download and share email addresses – provided by OpenSea users and subscribers to our newsletter –Continue reading “OpenSea reports data breach – All you need to know”

Cryptocurrencies are popular, despite their wild price swings. Ergo, it is no surprise that Jacobi Asset Management announced on Thursday that it would introduce the first Bitcoin exchange-traded fund (ETF) in Europe on the Euronext exchange. The business announced that its Jacobi Bitcoin ETF would begin trading on Euronext Amsterdam in July under the tickerContinue reading “Europe to soon get its first Bitcoin ETF on Euronext”

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler discussed his opinions on cryptocurrencies, including Bitcoin, in an interview with Mad Money host Jim Cramer on CNBC recently. According to Gensler, Bitcoin is a commodity. The SEC, the Commodity Futures Trading Commission (CFTC), and banking regulators would also collaborate to oversee the cryptocurrency market, heContinue reading “Bitcoin, a commodity? SEC’s Gensler certainly thinks so…”

The crypto-community of Iran has shared its opposition to the reinstated seasonal limit on cryptocurrency mining. Despite being aware of the potential of cryptocurrencies as a way to avoid international sanctions, the government is once again limiting crypto-mining operations to reduce the burden on the nation’s power supply. According to reports, 118 government-approved mining firmsContinue reading “Here’s the latest chapter in Iran’s clampdown on crypto-miners”