Luxembourg-based crypto exchange Bitstamp has abandoned plans to charge a monthly fee on inactive users with low balances after massive backlash from the community. The exchange announced today that they are scrapping the idea, saying: “After listening to our community’s response, we’ve changed course. There will be no inactivity fee.” … Read More: Bitstamp Drops Inactivity…
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Solana Labs, the entity behind the Solana (SOL) blockchain, has found itself targeted by a new class-action lawsuit filed with a California court. The suit accuses the company, along with a number of related persons and entities active within the ecosystem, of drawing illegal profits from the blockchain’s native token, and claims that SOL is…
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Bitcoin is trying to increase its gains above the USD 20,000 zone and is currently (11:57 UTC) trading near USD 20,500. BTC is up almost 2% in a day and a week. Similarly, most major altcoins are gaining pace. ETH is up over 4% and is eyeing a clear move above the USD 1,200 resistance.…
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The US Securities and Exchange Commission (SEC) Chairman Gary Gensler is “taking investors hostage” with his insistence to deny spot Bitcoin (BTC) exchange-traded products (ETPs) and exchange-traded funds (ETFs) to launch in the US, the influential Wall Street Journal said in its editorial piece. Wall Street Journal’s Editorial Board writes that they are “agnostic on…
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The hacker who exploited Crema Finance, a concentrated liquidity protocol built on the Solana (SOL) blockchain, has reached a compromise with the decentralized finance (DeFi) protocol to return the majority of stolen funds while keeping some as compensation. The team announced today that “after a long negotiation,” the hacker returned ETH 6,064 (USD 7.19m) and…
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By amalgamating the world of fashion with the Metaverse, brands and their clients stand to benefit a lot. The idea underlying digital fashion can be difficult for many to grasp since buying/trying out clothes that only exist in a virtual world can seem quite strange at first. However, with this niche market continuing to gain…
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From creating a music library for film and television to licensing blockchain-native content, projects are bringing music to the blockchain. While critics use the bear market as an opportunity to pounce on crypto and belittle its value, some projects take this chance to develop and launch industry-disrupting platforms on the blockchain. In July, firms launched…
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Sideways action has little time left to run, metrics suggest, as shorters increase bets on a dip below $20,000. Bitcoin (BTC) said “no” to volatility for a third day on July 7 as Wall Street trading began with little change in mood. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Next move “likely sets direction going…
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Opera’s Crypto Browser will allow users to access Coin98’s collection of multichain NFTs, DEXs, cross-chain bridges, asset swaps and the ability to stake and lend their crypto. Opera Crypto Browser, a Web3-focused project for facilitating navigation across decentralized applications (DApps), games and metaverse platforms, has announced a partnership with Coin98, a Southeast Asia-based decentralized finance…
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This columns goal has never been to provide investment advice on cryptocurrencies or other digital assets, nor has it been to provide individualized legal advice. It has mostly been about my desire to freely set forth in writing my thoughts on the state of the crypto market and the legal affairs surrounding it. Powers On……
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