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  • Sep 11, 2024

Gary Gensler Under Fire for Alleged Political Favoritism in SEC Appointments

The U.S. Securities and Exchange Commission (SEC) chair Gary Gensler has come under fire for allegedly hiring civil servants based on political affiliations—a violation of federal law. The allegations come from a joint letter sent by the House Judiciary, Financial Services, and Oversight Committees. While the allegations don’t appear to overlap with crypto enforcement actions from the regulator, they do arrive at a time when firing Gensler has become one of Republican nominee Donald Trump’s camp...

  • Sep 11, 2024

eToro Will Only Offer Bitcoin, Ethereum, and Bitcoin Cash in US After Settling SEC Charges

Financial trading platform eToro has settled charges from the U.S. Securities and Exchange Commission, the regulator announced Thursday, with the firm agreeing to pay a penalty and stop offering all but three crypto assets for trade in the United States. According to the SEC announcement, eToro will only offer Bitcoin, Ethereum, and Bitcoin Cash trading going forward to U.S. customers. The regulator said that eToro settled charges related to operating "an unregistered broker and unregistered cle...

  • Sep 11, 2024

Gameloft Reveals 'Claynosaurz' Mobile Game Based on Solana NFTs

Popular Solana NFT collection Claynosaurz and the 3D animation studio behind it are expanding into gaming. On Thursday, the makers of Claynosaurz announced a collaboration with leading game publisher Gameloft to develop a mobile game based on the brand. While specific details about the game have yet to be fully revealed, the development team hinted that it will combine elements of a "choose your own adventure" experience with gameplay reminiscent of hit location-based game, Pokémon Go. The game...

  • Sep 11, 2024

Robinhood Is Well Positioned as Investors Increasingly Prefer Crypto, Says Bernstein

A new Bernstein report highlights how U.S. brokerage Robinhood will benefit from a growing generational shift in financial preferences, with younger investors increasingly turning to crypto and blockchain-based solutions while older generations remain skeptical. Younger investors preferring new tech isn’t exactly shocking. But it has impacted how Bernstein rates some of the publicly traded finance and tech companies it tracks. On Thursday the firm shared that FINRA data shows 48% of crypto owner...

  • Sep 11, 2024

Coinbase Launches Wrapped Bitcoin Token Following BitGo WBTC Controversy

America’s biggest crypto exchange Coinbase has launched its wrapped Bitcoin token—first teased in August—at a time when the leading version of the token is stirring lots of controversy in the fast-moving space. The idea with the new token—called Coinbase Wrapped BTC, or cbBTC—is that traders can use their Bitcoin on Ethereum: It runs on the crypto network behind ETH, the second-biggest cryptocurrency by market cap, but is backed 1:1 with Bitcoin.  Why? So traders can use their Bitcoin on decentr...

  • Sep 11, 2024

Bitcoin Climbs Above $58,000, But Experts Say Bullish Sentiment Is Waning

Bitcoin climbed 3% on Thursday morning, rising past $58,000, driven by investor response to August’s Consumer Price Index (CPI) report. The headline CPI slowed to a 2.5% annual increase, slightly below the expected 2.6%, marking its lowest level since February 2021. However, core inflation, which excludes food and energy, rose 0.3% on a monthly basis, surpassing forecasts of 0.2% and maintaining an elevated year-over-year rate of 3.2%, well above the Federal Reserve’s 2% target. Ethereum (ETH),...

  • Sep 11, 2024

As ‘Banana’ Telegram Game Rises, CARV Reveals $50 Million Accelerator

CARV, a blockchain data protocol designed for gaming and AI projects, announced Thursday that it is launching a $50 million accelerator program aimed at fostering innovation in decentralized data infrastructure. The initiative, called CARV Labs, will support startups working on projects that could drive mass adoption of CARV's data protocol. Backed by prominent blockchain venture capital firms including HashKey Capital and Ethereum software firm Consensys, CARV Labs will offer funding, technical...

  • Sep 11, 2024

CryptoPunks NFT Worth $1.5 Million Just Sold for $23,000—Here's How

The immutable nature of the blockchain was put in stark relief on Wednesday when CryptoPunk #2386, which is valued around 600 ETH (about $1.5 million), was acquired for a fraction of that price at 10 ETH (or just over $23,000)—after being locked up and overlooked thanks to a now-defunct website. CryptoPunks are some of the most valuable Ethereum NFTs around, even years after the market boom. This particular Punk was especially prized, as out of the total collection of 10,000 profile pics, it was...

  • Sep 11, 2024

Are Ethereum Staking Yields Too High?

As staking grows in popularity through liquid staking derivatives, there is a need to better quantify staking returns for different platforms and how they change over time, sa...

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