Author: altcoinvest
The U.S. Commodity Futures Trading Commission issued no-action letters to the operators of prediction markets platforms Polymarket, PredictIt, Gemini and LedgerX/MIAX on Thursday, announcing that the companies did not have to meet certain recordkeeping demands as long as they meet other specified requirements, and that the companies might be able to clear contracts through a third-party clearing member.The CFTC said in a press release that the no-action letters mean the regulator will not pursue any enforcement action — a court case alleging the companies broke the law — tied to how these companies comply with “certain swap-related recordkeeping requirements and…
Do Kwon, the co-founder of Terraform Labs, has been sentenced to 15 years in prison after pleading guilty to wire fraud and conspiracy to defraud.In a Thursday hearing in the US District Court for the Southern District of New York, Judge Paul Engelmayer ordered that Kwon serve 15 years in prison for his role in the collapse of Terraform, which wiped out about $40 billion from the crypto market in 2022. He will receive credit for time served in the US and 17 months of pre-extradition custody.Prior to making his decision on sentencing, Engelmayer heard from some of Terraform’s victims…
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Solana attempted an upside move two days ago but was rejected at $144, triggering a retrace and a breach of $130 support. As of press time, Solana [SOL] traded at $131, down 5.51% on the day. The dip to $129 offered an accumulation window that whales and institutions quickly used. Solana whale steps in during the pullback According to Onchain Lens, a long-term Solana whale withdrew 101,365 SOL, worth $13.89 million, from Kraken. Source: X After the latest transactions, the whale’s total Solana holdings jumped to 628,564 SOL, worth approximately $84.13 million. Out of these holdings, 519,217 SOL is in…
The Commodity Futures Trading Commission (CFTC) is rolling back legacy policy on digital assets, marking another step in its reorientation toward regulated crypto markets. Acting CFTC Chairman Caroline D. Pham said the agency is withdrawing its years-old guidance on the “actual delivery” of virtual currencies, a document that had shaped how firms could custody and settle digital asset transactions since 2020. The decision clears a path for new guidance that reflects the rise of tokenized markets, recent legislation and the CFTC’s growing oversight of spot crypto trading. “Eliminating outdated and overly complex guidance that penalizes the crypto industry and stifles…
Amidst the dynamic landscape of cryptocurrency investments, the allure of Lovely Inu as a utility and decentralized meme token has sparked the interest of many discerning investors. By scrutinizing price forecasts for various timeframes, from near-future projections to the intriguing possibilities stretching far into 2030, a deeper understanding of the potential movements of Lovely Inu emerges. Factors driving these forecasts, the nuances of market dynamics, and essential investment considerations all play pivotal roles in unraveling the future trajectory of this digital asset. Short-term Price Predictions When considering Lovely Inu‘s short-term price predictions, it is essential to analyze the projected value…
Description; Not your usual Bitcoin price or Crypto news today – this is boots-on-the-ground reality from Montevideo, Uruguay, the “Scandinavian” safe haven of South America. I break down why this tiny country has premium safety, stability and cleanliness… and shockingly high prices that can destroy your ability to stay humble and stack sats. From $6 energy drinks to $30 steak sandwiches, you’ll see how far your Crypto gains really go here. If you’re planning the crypto nomad life after big Bitcoin news rallies, watch this before you book a flight. Uruguay for Crypto Nomads: When Bitcoin Price Lets You Splurge…
Gelephu Mindfulness City (GMC), a special administrative zone of Bhutan, announced on Wednesday that it is launching a sovereign gold-backed digital token called TER. The physical gold deposits will be custodied by DK Bank, a digital asset bank regulated by the government of Bhutan, and issued on the Solana Blockchain network, according to GMC’s announcement.Matrixdock, a real-world asset tokenization (RWA) platform, is the technology partner responsible for tokenizing the real-world asset on the blockchain. An overview of the tokenized commodities sector, which is dominated by tokenized gold products. Source: RWA.XYZIn the first phase, the tokens will be held in custody at…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. HOLY Mining launches a smart, beginner-friendly cloud mining platform, making crypto mining easier and profitable. Summary HOLY Mining launches next-gen cloud mining, letting anyone earn crypto easily without hardware or technical skills. Beginner-friendly HOLY Mining offers automated cloud mining on phones, turning crypto earning into a simple, stable process. The smart cloud platform makes crypto mining accessible, optimized, and secure for all types of users. As digital assets continue to reshape global finance, cloud mining has rapidly emerged as…
Key Takeaways dYdX has launched Solana spot trading with zero fees for US users. The new service allows US-based traders to trade any Solana asset on the platform. Share this article dYdX Labs, the team behind one of the world’s leading decentralized derivatives exchanges, has launched its first spot trading product and opened access to U.S. users for the first time.The initial rollout includes Solana trading, marking a major expansion for the platform known for its perpetual contracts.To attract new users, dYdX is offering zero trading fees throughout December. The move signals a strategic pivot as the exchange builds out…