Business

28 April

Nike Entangled in $5M Lawsuit Over Defunct NFT Initiative

Nike is facing a $5 million lawsuit after the abrupt shutdown of its once-promising NFT project, highlighting the growing legal risks associated with the volatile digital collectibles market. According to court documents filed this week, a group of investors has sued Nike, alleging that the company misrepresented the long-term viability and value of NFTs sold under its now-defunct initiative. The …

28 April

Bitget Sues Eight Traders Over $20M VOXEL Market Manipulation

Crypto exchange Bitget has filed legal action against eight trading accounts allegedly involved in manipulating the price of VOXEL tokens, resulting in over $20 million in damages. In a statement released today, Bitget said it uncovered a coordinated effort by the accounts to artificially inflate the market for VOXEL, the native token of the gaming platform Voxies. The exchange alleges …

28 April

Russian Governor Eyes Gas-Powered Fix for Bitcoin Mining Troubles

A regional governor in Russia has proposed an innovative solution to revive struggling Bitcoin mining operations by harnessing excess natural gas supplies. Amid growing challenges for miners, including rising energy costs and regulatory uncertainties, the initiative seeks to turn untapped gas resources into a sustainable energy source for cryptocurrency mining. The proposal comes from the governor of Russia’s Irkutsk region, …

28 April

Trump-Backed WLFI and Pakistan Crypto Council Forge Alliance to Drive Blockchain Growth

In a move poised to reshape the global blockchain landscape, the Trump-backed World Legal Finance Initiative (WLFI) has signed a Letter of Intent (LOI) with the Pakistan Crypto Council to jointly promote blockchain adoption across South Asia. The strategic partnership, announced today, signals a major step forward for blockchain development initiatives in emerging markets. WLFI, known for its focus on …

28 April

Nasdaq Pushes SEC for Four-Tier Crypto Rulebook, Demands Clarity

Nasdaq, one of the largest stock exchanges in the world, has called on the U.S. Securities and Exchange Commission (SEC) to establish a comprehensive, four-tier rulebook for the cryptocurrency industry, demanding much-needed regulatory clarity for digital assets. In a recent statement, Nasdaq emphasized that the current regulatory framework for cryptocurrencies is insufficient and has created significant uncertainty for both investors …

28 April

Coinbase CLO Urges SEC to Lift Prohibition on Staff Holding Cryptocurrency

Coinbase CLO Urges SEC to Lift Prohibition on Staff Holding CryptocurrencyCoinbase Chief Legal Officer (CLO) Paul Grewal has called on the U.S. Securities and Exchange Commission (SEC) to lift its prohibition on agency employeholding cryptocurrencies, suggesting that the current rule could hinder the SEC’s ability to effectively regulate the growing digital asset space. In a recent statement, Grewal argued that …

28 April

SEC Greenlights ProShares XRP Futures ETFs for April 30 Launch

The U.S. Securities and Exchange Commission (SEC) has approved the launch of ProShares’ XRP Futures Exchange-Traded Funds (ETFs), clearing the way for the highly anticipated product to begin trading on April 30. This marks a significant milestone for the cryptocurrency industry as the first-ever XRP futures-based ETF to receive regulatory approval in the United States. ProShares, a leading provider of …

28 April

Monero Sees 50% Surge as $330M in BTC Gets Laundered Through XMR

The privacy-focused cryptocurrency Monero (XMR) has experienced a significant price surge of 50% following reports that over $330 million worth of Bitcoin (BTC) was laundered through its network. The rise in XMR’s value comes amid increased scrutiny of privacy coins, which are often used for transactions that aim to conceal the identities of senders and recipients. According to blockchain analysts, …

27 April

Dogecoin’s Big Move: Resistance Broken, $1 Target on the Horizon

Dogecoin (DOGE) has made a significant move in the crypto market, breaking through a key resistance trendline that many analysts believe could trigger a breakout above the $1 mark. The popular meme coin, which has seen explosive growth in recent years, is now eyeing its next major milestone — a potential push to $1, a psychological and technical barrier that …

27 April

Solana Gets Major Boost as Institutions Pour $1 Billion in One Week

Solana (SOL), the high-performance blockchain platform, has received a massive vote of confidence from institutional investors, with nearly $1 billion in new capital flowing into the network in just one week. This surge in institutional backing signals growing interest in Solana as a key player in the blockchain and decentralized finance (DeFi) ecosystems. The influx of funds comes amid a …