Crypto news

Sui Foundation, the non-profit organization behind the Sui Network, has terminated its partnership with MovEX, a decentralized exchange (DEX) and liquidity management platform, following the violation of a lockup agreement. According to a blog post by the Sui Foundation, MovEX moved some Sui tokens (SUI) that were subject to a contractual lockup without informing or seeking consent from the organization, sparking accusations of misrepresented emissions from the crypto...

The House Financial Services Committee (HFSC) failed to reach an agreement for stablecoin legislation on Thursday due to a number of disagreements Democrats had with its existing text. Committee Chair Patrick McHenry (R-NC) blamed the White House for holding up the bill, while Democrats alleged that Republicans were attempting to rush incomplete legislation. No Compromise For Stablecoin Bill The bill, titled the Clarity for Payment Stablecoins Act of 2023, would allow the...

Twitter co-founder Jack Dorsey pressed Coinbase CEO Brian Armstrong on Wednesday over his alleged refusal to acknowledge the power of Bitcoin’s lightning network – a layer-2 scaling solution designed to make BTC easier to spend. His question sparked an online debate about the benefits and limitations of lightning in the payments realm, compared to other cryptocurrencies such as stablecoins. Why Not Bitcoin? In a tweet on Wednesday, Armstrong claimed that crypto’s next step...

[PRESS RELEASE – New York, USA, July 27th, 2023] LiveArt, the Web3 Platform for Art and Culture, announced a groundbreaking NFT collection, Kingdom of the Laughing Man, by Yue Minjun, one of the most important contemporary Chinese artists creating today. Yue Minjun, the contemporary art giant of the 21st century, enters the digital art space with his inaugural Web3 project. The artist’s works fetch millions of dollars at auctions worldwide (USD 6.9 million sales record at...

The American venture capital investor Tim Draper predicted that bitcoin’s price will surge in the future due to the cryptocurrency’s advantages over fiat currency. The billionaire claimed in 2020 that the COVID-19 pandemic will have a disastrous consequence on the global economy, but it will be a flourishing factor for BTC. The primary digital asset climbed to an all-time high of almost $70,000 the following year, whereas a financial crisis and record inflation rates...

Many crypto investors are working hard to get rid of their altcoins out of fear that several of them are going to get delisted thanks to ongoing action from the Securities and Exchange Commission (SEC). SEC Action is Making Traders Wary The financial agency has been working hard to practically eliminate crypto altogether from the American monetary spectrum. There have already been multiple lawsuits filed against some of the nation’s leading digital currency...

Wyoming-based Custodia Bank’s application to become a member of the Federal Reserve System was rejected earlier this year by the Kansas City Fed. But the platform has no intention of backing down. The legal dispute took a new turn after Custodia slapped three lawsuits against the regulator in three separate circuits. According to attorney John Deaton, Custodia’s fight against the Feds is “arguably just as important (if not more)” as the Ripple-XRP case. Custodia vs. Feds...

CoinspeakerEuropean Central Bank Tackles Inflation with 25 BPS Rate Hike As the global economy continues to recover from the COVID-19 pandemic, the Eurozone is facing increasing chances of inflationary pressures. European Central Bank Tackles Inflation with 25 BPS Rate Hike

Itoka is a new platform that’s working to ensure all AI-generated music can be licensed and registered via the blockchain. Itoka Uses Blockchain to Register AI Songs AI-generated tunes are becoming more and more common. Who would have thought that a time would arrive when someone could literally create whatever notes they want without singing, playing an instrument, or knowing how to read music? We’ve come so far that we’re practically reaching a day and age where...

CoinspeakerBarclays Faces Challenges in UK Division as Inflation and High-Interest Rates Affect Margins To counter the margin pressure, Barclays announced plans for a share buyback of up to £750 million. Barclays Faces Challenges in UK Division as Inflation and High-Interest Rates Affect Margins