Bitcoin and several major altcoins are trading inside a range, indicating that a strong catalyst is needed to start the next trending move. Source link

The U.S. Securities and Exchange Commission (SEC) charged Quantstamp, a well-known blockchain security firm, with conducting an unregistered Initial Coin Offering (ICO) on July 21. The SEC said that, in October and November 2017, Quantstamp raised over $28 million by selling QSP tokens to about 5,000 investors, including those in…

Meta’s metaverse-related losses topped $3.74 billion over the second quarter with the Big Tech player spending $7.7 billion on its virtual reality business so far in 2023. Its second-quarter results released on July 26 saw Meta report an 11% revenue gain compared to the previous year, totaling $31.9 billion. Its metaverse-focused…

Quick Take The intricate relationship between crude oil prices and unemployment is a subject of close examination in the current economic landscape. Oil prices are on an upward trajectory, currently around $80 per barrel, a notable increase from the $66 per barrel seen in March. Such a rise in oil…

Oral arguments began on July 26 for an appeals case on a complaint a Tennessee couple filed against the United States Internal Revenue Service (IRS) on calculating their taxes based on earnings from staking tokens.  Joshua and Jessica Jarrett received a refund check from the IRS in 2021 after filing…

The Federal Reserve has escalated interest rates to a range of 5.25 to 5.5%, marking the highest level since 2001. This action is part of its strategy to reduce the target inflation rate to 2%. At the press conference following the meeting, Jerome Powell, the Chair of the Federal Reserve,…

In 2018, Ethereum lead developer Fabian Vogelsteller contacted the community for a new standard for smart contracts he created alongside co-founder Vitalik Buterin. Dubbed ERC-20, Vogelsteller, at the time, only wished for input regarding the novel idea. Little did he know that ERC-20 would ignite a wave of initial coin…

A federal judge overseeing the criminal case against Sam Bankman-Fried, also known as “SBF,” will reportedly consider revoking the former FTX CEO’s $250 million bail based on allegations of intimidation against Caroline Ellison.  In a July 26 hearing in United States District Court for the Southern District of New York,…

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