Bitcoin (BTC) returned to exchanges en masse on July 27 in a sign that “major volatility” could come next. According to data from on-chain analytics firm Glassnode, intraday BTC exchange inflows have hit multi-month highs. Trader warns of BTC price volatility “spike” BTC price action continues to linger below $30,000,…
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Democratic House of Representatives member Ritchie Torres criticized the U.S. Securities and Exchange Commission (SEC) and advocated for new laws on July 28. Torres told Unchained podcast host Laura Shin: “The modus operandi of the SEC under [Chair] Gary Gensler has been regulation by enforcement … he has taken what…
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Nonfungible token (NFT) adoption is picking up steam across the food and beverage industry, with many fast-food chains showing interest in the asset class. A report by Research and Markets predicts that the global food and beverage NFT market size is expected to exceed $2 billion by 2032. These statistics have…
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The Indian Supreme Court on July 27 reprimanded the Union government for the lack of crypto regulations in the country, according to a report in a local media outlet. The Supreme Court in its observation noted that it is “unfortunate” that the government has yet to release any clear guidelines…
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French privacy regulator CNIL has initiated a probe into Worldcoin over concerns that its data collection and storage practices may not be entirely legal, Reuters reported on July 28. The watchdog is collaborating with its German counterpart as the latter directly oversees the project as its primary European regulator. The…
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Hester Pierce, commissioner of the United States Securities and Exchange (SEC), has raised concerns about the watchdog’s recent statement advising accounting firms against taking on non-audit work for crypto firms. In a July 28 tweet, Pierce questioned the recent statement made by the SEC’s chief accountant Paul Munter, warning accounting…
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What is happening to my data? Although true control is limited in the digital age, our relationship with big tech and big media can be parasitic. During the mobile revolution, users traded away autonomy for convenience, and in hindsight, we should have looked deeper into the Terms of Service. The…
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Jason Lowrey, the author of Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin, has withdrawn his book from public access, prompting speculation among readers and academics alike. The work, which was presented as a thesis to the System Design and Management Program at MIT…
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The launch of memecoin Pond0x has led to millions of dollars in losses for investors, according to multiple reports on social media on July 28. Data from the Maestro trading app shows that the Pond0x (PNDX) token reached a price of $0.36 before collapsing to near zero in a span of…
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During a relatively stable second quarter, Bitcoin and Ethereum have expanded their shares to over 70% of the total cryptocurrency market capitalization for the first time since April 2021 Source: BTC.D + ETH.D TradingView During the same period, the recently released Crypto Market Insights Report 2023Q2 by TokenInsight indicates the…