Crypto news

Aside from dismissing the case against Uniswap, the judge also classified popular cryptocurrencies Ether (ETH) and Bitcoin (BTC) as commodities. United States District Judge Katherine Polk Failla has dismissed with prejudice the class action suit against the decentralized exchange Uniswap. Recall that in April 2022, six former investors on Uniswap filed a suit against the exchange for allowing scam tokens on its platform. The individuals claimed to have bought scam tokens EthereumMax...

The launch of these new audio and video features on X comes after Musk confessed that there are no more great social media apps currently. Only a few weeks after Twitter’s former Chief Executive Officer (CEO) Elon Musk renamed the social media platform to X, he has now announced the coming of new features to the app. Some of the expected features are audio and video calls but the specific date of their launch remains unknown to members of the public. According to Musk, these new features...

As the US Securities and Exchange Commission (SEC) faces mounting political pressure to greenlight a bitcoin ETF following its recent court loss, there’s an opposing viewpoint that insists on maintaining the current stance. However, CoinShares product head Townsend Landing believes the financial regulator is stuck in a maze of its own making. ‘Hoist With His Own Petard’ The Court, comprising three judges, each representing different political inclinations, reached a unanimous...

Shiba Inu’s native token has been demonstrating bearish price action over the past few weeks since getting rejected at a critical resistance level. Yet, a more severe decline may still occur in the short term. Technical Analysis By Edris The SHIB/USDT Chart On the USDT-paired chart, the price has been rejected from the $0.000011 resistance level, leading to an impulsive drop below the 50-day and the 200-day moving averages located around the $0.0000085 and $0.0000095 levels,...

Eyeball Games has recently gotten its hands on roughly $1.5 million in new funds to establish its new blockchain pool game. Pool Comes to the Blockchain We’ve likely all played pool. Whether it was at a friend’s or relative’s house, or because we were up one night at a bar with our amigos and we decided to get the billiard sticks out of the corner, we likely all have experience knocking a few balls around and pushing them into “side pockets,” but for those that...

Two Bloomberg exchange-traded fund (ETF) analysts, Eric Balchunas and James Seyffart, predicted that there is a 75% chance the United States will have a spot Bitcoin ETF by the end of 2023, following Grayscale’s win against the US Securities and Exchange Commission (SEC). While the SEC has approved future-based Bitcoin ETFs, the Commission is yet to green-light any spot Bitcoin ETF application. Spot Bitcoin ETF Coming to the US in 2023? Eric Balchunas and fellow Bloomberg ETF...

The experiment was built on Swift’s earlier successes in connecting Central Bank Digital Currencies (CBDCs) and digital assets with existing and emerging payment systems. The Society for Worldwide Interbank Financial Telecommunication (SWIFT), the global financial messaging network, has unveiled the results of a groundbreaking experiment hindering the widespread adoption of tokenized assets. According to an official announcement on August 31,  the company has successfully demonstrated that...

Ethereum co-founder Vitalik Buterin is teasing what he thinks is one of the biggest and most significant upgrades to the network in history. So big, in fact, that he believes it could reduce all ETH costs in the future by more than 100 times. Vitalik Buterin Teases Big Things for Ethereum Over the past year or so, Ethereum has undergone several changes to its infrastructure as seen through upgrades like the Merge and Shapella. This was all part of Ethereum’s...

Binance will delist BUSD as a loanable asset on September 6 and will suspend withdrawals of Binance-pegged BUSD tokens via BNB Chain, Avalanche, Polygon, and Tron on September 7. Renowned crypto exchange Binance has officially announced its decision to discontinue support for its native stablecoin, Binance USD (BUSD), by February 2024. Paxos’ Role in Binance’s Decision The decision to phase out BUSD support is closely tied to developments involving Paxos, the company responsible for...

Ernie’s release follows the new regulation in the AI industry introduced by the Chinese government. Notably, Baidu became the first company to get an approval from the authorities.  On March 16, Chinese internet search services giant Baidu Inc (HKG: 9888) revealed its Chinese-language ChatGPT alternative – Ernie chatbot. At that time, the chatbot was not fully ready, therefore, it was available to a limited number of users, mostly business partners and those who were the first on the...