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Ethereum creator Vitalik Buterin has finally weighed in on the US approach to crypto regulation. Buterin shared his thoughts on the matter early Friday morning through a Twitter ask me anything (AMA). Paradigm co-founder Matt Huang asked him, “How are you feeling about the US policy approach to crypto?” Buterin responded with sympathy for his blockchain counterparts that are in US regulators’ crosshairs, naming Solana in particular. He seemingly also acknowledged Ethereum’s somewhat privileged position. “The one comment I’ll make is that I feel bad that @solana and other projects are getting hit in this way. They don’ t deserve it, and if ethereum ends up ‘winning’ through all other blockchains getting kicked off exchanges, that’s not an honorable way to win, and in the long term probably isn’t even a victory,” Buterin tweeted. He said he doesn’t consider other chains, such as Solana, to be the real competition. The true threat, he said, is “the rapidly expanding centralized worl...

The cryptocurrency market is a dynamic ecosystem constantly evolving with new projects and innovations. While some altcoins may experience a decline in interest, others emerge to revolutionize the industry. InQubeta  is one such project reshaping the crypto landscape with its artificial intelligence (AI) innovation. As interest in top altcoins like Cardano fades, InQubeta’s technology could allow investors to be part of the future of crypto. You might also like: Crypto analysts suggest investing in polygon and inqubeta for a balanced portfolio InQubeta’s AI innovation InQubeta is at the forefront of a paradigm shift in the crypto industry, bridging the gap between artificial intelligence (AI) and blockchain technology. By leveraging AI, InQubeta revolutionizes users interaction with crypto currencies and blockchain applications. The project aims to provide a platform that nurtures and advances AI projects, enabling developers to harness the power of AI to buil...

Join Our Telegram channel to stay up to date on breaking news coverage MicroStrategy ’ s recent Bitcoin investment has taken the crypto space by storm. The company has been buying Bitcoin from April this year to June and has now emerged as the world ’ s largest corporate owner of Bitcoin. In the recent investment, MicroStrategy invested around $347 million to buy 12,333 Bitcoin. The investment took place at an average price of $28,136 per Bitcoin. This recent buy-in pulled up the company ’ s holdings to a total of 152,333 Bitcoin, which was acquired at an average price of $29,668 per Bitcoin and amounted to $4.52 billion. Saylor Took to Twitter to Announce his Recent Acquisition. Michael Saylor of MicroStrategy took to Twitter to announce the company’s largest Bitcoin acquisition since 2021, when it had bought over 13000 Bitcoin at an average price of $37,615. Later in 2021, the price of Bitcoin almost doubled when it soared to nearly $70000. MicroStr...

Join Our Telegram channel to stay up to date on breaking news coverage The UK’s Financial Conduct Authority, or FCA, has recently added nine new companies to its warning list on Monday. These companies stretched across the crypto and financial services sector. Suspect And Copycat Activities The companies added to the list are STS Royals, Olympus Global, Walker Bryan, Bitcoin Evolution, My Safe Market, Credit Union Fund, Standard Bit Options, and Carter FS. Furthermore, the FCA had issued a warning over a clone of Ignis Markets, a fully regulated platform, that has been duping clients through imitating a trustworthy counterpart. In regard to this, the UK regulator explained that it is convinced that this firm does not hold the proper authorization from the FCA. Even so, this firm has been providing its financial services and/or products to the public at large. Hiding Behind A Regulated Entity They described this copycat as a “clone firm,” and explained that it’s a common tact...

TrueUSD (TUSD), a stablecoin pegged to the US dollar, has seen a significant drop in its value compared to tether (USDT) on Binance.US, the American branch of the global cryptocurrency exchange, Binance. As of the latest data, the TUSD/USDT pair was trading at $0.89 on Binance.US after hitting a low of $0.80. In contrast, the pair traded at approximately $0.9980 on the global Binance platform. Stablecoins, which have become increasingly popular as funding currencies over the last three years, often influence the broader cryptocurrency market due to their volatility. However, the recent fluctuations in TUSD’s value have not yet affected the market, including bitcoin, which continues to trade above $30,000. With a market capitalization of $3 billion, TUSD presents a less systemic risk to the broader market than tether , which boasts a market cap of $83 billion. However, as noted by anonymous market analyst Parrot Capital, TUSD has been under pressure due to low trading volumes....

TUSD stablecoin fell to 0.9974 against Tether (USDT) on Binance and 0.80 on Binance .US amid exposure to Prime Trust. Maverick Protocol ( MAV) launchpool on Binance starting to withdraw TUSD . Moreover, reserves on Curve pool has imbalanced further, rising more than 70%. The TUSD deposit and loan interest rates in Aave V2 soared, with the deposit interest rate reaching 42% and loan interest rate reaching 54%. advertisement Source: PeckShieldAlert As a result, whales and investors are taking arbitrage opportunities to swap TUSD for USDC and other stablecoins. TUSD has $20 million in plunge protection buys down to $0.997, but $21 million would take it down to $0.70 on Binance. Notable crypto experts including Adam Cochran, The Wolf Of All Streets, and Parrot Capital took to Twitter to warn about TUSD depeg risks. Moreover, TUSD reserves attestation was provided by The Network Firm (formerly Armanino), the same audit firm that was in charge of FTX.US audit...

Over the past few days, the search volumes for “gráfico bitcoin agora” has noted a sharp incline in Brazil. The interest with respect to the phrase is currently nowhere close to any peak registered previously over the past five years. When translated, the aforementioned phrase means, “bitcoin chart now.” Thus, it can be contended that Brazilians are keenly monitoring the state of the top crypto at the moment. Source: Google Trends Also Read: Crypto Investment Products See $199 Million Inflows: Bitcoin Contributes 94% Well, people are not just searching about Bitcoin, but they are also taking action. On Sao Paulo-based exchange Mercado Bitcoin, BTC has been trading at a premium. At press time, the spot market price of the asset flashed a value of $30,299. While on Brazil’s largest exchange, people were paying $30,443 to acquire one Bitcoin. This is fairly an indication of the budding buying pressure. Alongside, it is worth noting that BTC transactions on Mercado account for around 61.93...

Join Our Telegram channel to stay up to date on breaking news coverage ETH Price Prediction – October 31 Ethereum price is currently trading in the red, ETH/USD bulls must break down chunky daily resistance at $195 for greater upside momentum. ETH/USD Market Key Levels: Resistance levels: $198, $208, $218 Support levels: $160, $150, $140 ETHUSD – Daily Chart The ETH/USD broke below $183 after an unsuccessful attempt to settle above $185 handle during early Asian hours. As at the time of writing, ETH/USD is changing hands at $181.04, down 1.36% both on a day-to-day basis and since the beginning of the day. The bulls have so far been hit within rejection at the major barrier is eyed at $195, tracking at the potential neckline of a daily double bottom. On the daily chart, the initial support is created above the 9-day moving average at $178.48. Once it is out of the way, the sell-off is likely to gain traction with the next focus on $175 level. If this support level goe...

According to the data provided by Token Unlocks, the market for cryptocurrency tokens saw a substantial injection of liquidity this past week that amounted to more than $83.38 million. The liquidity was divided over the following projects: SUI, OP, YGG, AGIX, ACA, GAL, and 1INCH. Unlocking a certain part of the total supply of tokens was a need for each one, and this requirement contributed to the volume as a whole. This week's cliff unlocks are over $83.38 m Highlight are $SUI & $OP$SUI 11.6% – $44.4 m $OP 3.8% – $31.9 m $YGG 3.9% – $2.8 m$AGIX 0.8% – $2.4 m$ACA 4.3% – $1.2 m$GAL 1.3% – $0.7 m#1INCH 0.01% – 20.6 k ( % Cir. supply ) Link ️ : https://t.co/8XoTR8tBPT pic.twitter.com/qX1L2uapvM — Token Unlocks (@Token_Unlocks) June 26, 2023 SUI, a layer 1 blockchain smart contract system, is one of the projects that has distributed tokens worth $44.4 million. This represents 11.6% of the total amount of tokens that are in circ...

Terra Luna Classic Proposal on USTC Repeg Quant team member RedlineDrifter took to Twitter to announce that Proposal 11597 “USTC / Stable Algo Quant Team” is up for voting. Other community members also shared the USTC repeg proposal as it is one of the crucial proposals for the Terra Luna Classic chain. advertisement The community pool spend proposal has received over 99% “Yes” votes, indicating that the community supports the modeling and simulation for the USTC Incremental Repeg Buybacks & Staking Swaps plan. In addition, the community also approves the developers proposed for the Quant team. Major validators including TCB, Coinpayu, StakeBin, Classy’s Sphere, PFC, and Lunanauts have favored the proposal and voted “Yes.” The proposal voting deadline is July 3, but it looks to pass a quorum before the deadline. According to the proposal, $20000 in LUNC payment for the first month is required by the Quant team. Th...