After a prolonged legal battle between Terraform Labs and the Securities and Exchange Commission (SEC), a settlement has been reached. The defunct crypto firm has agreed to pay a staggering $4.47 billion fine for engaging in fraudulent activity related to the defunct Terra blockchain. This settlement marks a significant development in the case that has
ENA, the native token of Ethena, has been experiencing a downward spiral in recent weeks. With the price plummeting to $0.73, the lowest since May 20th, ENA holders have been facing substantial losses. The largest ENA staker, who previously held 23.24 million ENA valued at approximately $17.3 million, decided to unstake their entire position. This
In the ever-expanding world of blockchain gaming, Gamee has quickly emerged as a dominant player. Initially operating on the social app Telegram, Gamee made a strategic move to transfer its GMEE token to Ethereum following a significant hack on Polygon. However, this decision alone did not account for the recent surge in activity within the
In the wake of a $4.5 billion settlement with the SEC, Terraform Labs CEO Chris Amani has declared that Terra will transition into a community-driven project. Amani emphasized the importance of the community taking ownership of the chain as the company prepares to wind down its operations. He stated that certain teams and developers have
In a recent analysis, prominent crypto analyst Dave the Wave has provided an optimistic outlook for Bitcoin, despite the recent setback in its price. According to Dave the Wave, Bitcoin could potentially reach as high as $300,000 based on his logarithmic growth channel (LGC) indicator. This significant price increase is expected to occur by 2025,
The copy trading industry is rapidly expanding, with brokers seeking sophisticated solutions to meet the evolving needs of their traders. In response to this demand, the B2Broker team has introduced a groundbreaking platform known as B2Copy. This next-generation investment platform combines copy trading, PAMM, and MAM functionalities to streamline investment operations and enhance efficiency for
The cryptocurrency market experienced a significant surge following the release of the latest US Consumer Price Index (CPI) data. Bitcoin and Ethereum saw gains of 3.4% and 2.43% in the past 24 hours, respectively. Despite this positive movement, the market remains uncertain, with Bitcoin hovering around $70,000 and Ethereum struggling to surpass $4,000. Investors are
One major crypto analyst, CrediBULL Crypto, has made some bold predictions regarding the future trajectory of Bitcoin. He believes that Bitcoin will soon rise to a six-digit all-time high (ATH) of $100,000 in its next leg up. CrediBULL Crypto suggests that this upward trend will begin within the next seven to ten days, claiming that
The BitRam artwork, created by VESA, offers a unique perspective on the resilience of Bitcoin in today’s society. Unlike the traditional symbols of the Bull and Bear commonly associated with crypto art, BitRam represents Bitcoin’s unstoppable nature amidst turbulent times. VESA, an early adopter of crypto art since 2017, crafted this piece as a symbol
Ethereum has been facing significant challenges in its attempts to recover above the crucial $3,650 resistance level. Despite initiating a recovery wave, ETH failed to gain bullish momentum and settle above this key level. As a result, the price started to decline once again, signaling bearish signs below $3,600. One of the key indicators of
