Author: Sahil Thakur
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CZ reportedly holds 64% of BNB supply
In a recent report, Forbes claimed former Binance CEO Changpeng ‘CZ’ Zhao to be the 24th richest man in the world. This comes as a result of CZ reportedly holding 64% of $BNB , which amounts to $56 billions. Despite CZ stepping down as CEO and currently serving a prison sentence, $BNB reached an all…
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Ethereum ETFs to launch this summer: Gary Gensler
During a Thursday hearing by the Senate Appropriations Subcommittee on Financial Services, US Securities and Exchange Commission Chair Gary Gensler informed Senator Bill Hagerty (R-TN) that he anticipates the agency will approve S-1 forms for spot Ethereum exchange-traded funds (ETFs) “sometime over the course of this summer.” The SEC approved issuers’ 19b-4 filings on May…
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Taiwan creates crypto industry association
Taiwan has formally launched a crypto industry association under government oversight. This initiative represents a proactive effort to regulate the crypto sector, creating a structured framework that encourages innovation while ensuring security. The creation of the association demonstrates the government’s dedication to developing robust regulations that tackle the unique challenges and opportunities posed by cryptocurrencies.…
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President Biden to accept crypto payments ?
Coinbase Commerce, the payment service which allows merchants to accept cryptocurrencies is already being used by Donald Trump’s team to accept donations for his election campaign. Considering Biden has always been resistant towards crypto, this move comes as a bit of a surprise Pro-crypto donors are increasingly mobilizing, drawing the interest of political candidates from…
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Donald Trump and Cryptocurrency : The Crypto President?
Donald Trump and Crypto has had a very love hate relationship over the years. Even though Trump claims to be a huge supporter of crypto now and the self-proclaimed “Crypto President”, we’ll see his history with Bitcoin and Crypto in this article and what the future might turn out to be. Donald Trump During First…
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Trump wants the remaining Bitcoin to be mined in the US
In a huge turn of events and contrary to the past, presidential candidate Donald Trump has been very vocal about his support of Bitcoin and crypto in this year’s election campaign. After a meeting with Bitcoin Magazine’s CEO as well as heads of many Bitcoin mining companies, Trump took to social media to post this…
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US Bitcoin ETFs see first day of outflows after 4 weeks
Data from Farside Investors reveals that U.S. spot BTC ETFs experienced net outflows of $64.9 million on June 10, breaking their four-week winning streak. Grayscale Bitcoin Trust (GBTC) was the largest contributor to this trend, with outflows amounting to $39.5 million. The total net inflows of U.S. spot BTC ETFs have exceeded $15.6 billion. This…
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Japanese company Metaplanet buys 23.35 additional Bitcoin
Japanes public company Metaplanet has purchased an additional 23.35 Bitcoin worth around $1.6M.
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Iggy Azalea’s $MOTHER token soon to be used to buy phones?
Iggy Azalea’s $MOTHER tokens might soon be used to pay for phones and services from the Australian rapper’s upcoming telecommunications company, enhancing the utility of a token issued less than a month ago. This move follows the utility increase using the $MOTHER merchandise store that is also about to be launched. In a follow-up tweet,…
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Arbitrum DAO dedicates $220M for gaming ecosystem
On June 7, the Arbitrum community approved a proposal to boost the gaming ecosystem with support from the Arbitrum Foundation. This initiative will distribute 225 million ARB tokens, worth about $222 million, over three years through the newly established Gaming Catalyst Program (GCP). Growthepie data indicates a notable rise in activity on the Arbitrum network,…