SEC Enforcement Director Calls for Stronger Crypto Regulation Citing Rising Investor Harm

Gurbir S. Grewal, Director of the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement, addressed crypto regulation at the William & Mary Business Law Review’s Symposium earlier this month. He stressed the need to enforce federal securities laws in the evolving crypto market. Grewal noted that the principles-based definition of securities from the 1946 […]

US Treasury ‘Very Attentive’ to Russia’s Use of Cryptocurrency, Yellen Says

U.S. Treasury Secretary Janet Yellen has addressed concerns about Russia using cryptocurrency to evade sanctions. During her testimony before the House Financial Services Committee, Yellen acknowledged the potential threat, noting that while it may not be a significant issue now, it could become more concerning as sanctions intensify. Yellen: We Are Very Attentive to the […]

Dormant 2012 Bitcoin Wallet Awakens, Moves a Notable 1,000 BTC Worth $60 Million

According to onchain data, a dormant bitcoin wallet created 11 years and nine months ago on Sept. 25, 2012, has transferred 1,000 bitcoins valued at $60 million to an unknown wallet for the first time. 11-Year-Old Bitcoin Wallet Transfers 1,000 BTC for the First Time An old BTC wallet established on Sept. 25, 2012, moved […]

Russian Senate Leader Predicts Use of CBDCs in BRICS Payment System

Valentina Matvienko, Chairman of the Russian Federation Council, talked about the role of national digital currencies, also known as CBDCs, in increasing the use of national currencies in BRICS trade. Matvienko stated that a hypothetical BRICS bridge, a joint payment system, would leverage the digital currencies of all the bloc states. Russian Senate Chairman Profiles […]

Privacy Coin Monero Tops Payments at European Online Retailer Shopinbit in June

According to Shopinbit, a European online retailer that accepts cryptocurrency for transactions, monero (XMR) was the favored payment method in June. Shopinbit reported that XMR accounted for over 74% of all payments during that period. European Retailer Shopinbit Sees Monero Payments Skyrocket in June The European online retailer, which offers over a million products, shared […]

Average Onchain Bitcoin Fees Drop Below $2, Lowest in Over 250 Days

Since July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, with current onchain fees at 15.5 satoshis per virtual byte (sat/vB), translating to $1.54 per transfer. Bitcoin Fees Hit 10-Month Low Onchain Bitcoin fees have fallen to levels not seen since October 2023, spanning more than 250 days. Over the […]

Usual Money Launches Usual USD on Public Mainnet; TVL Reaches $90M

A project called Usual Money has officially unveiled its public mainnet, launching the usual usd (USD0) stablecoin. This initiative seeks to provide a decentralized alternative to traditional fiat-backed stablecoins. Usual Money Debuts USD0 Stablecoin and USD0++ Liquid Bond According to the project’s team, usual usd (USD0) is a stablecoin supported by real-world assets (RWAs), crafted […]

290,000 ETH Added to Liquid Staking Protocols Ahead of Spot ETF Launch

According to data, liquid staking protocols accumulated an additional 290,000 ether in the past 46 days. This increase raised the proportion of ETH in liquid staking protocols by 0.24%, bringing the total to 11.18% of Ethereum’s 120.2 million circulating supply. Shift in Liquid Staking: Swell Drops, Frax Ether Moves Up At the time of writing, […]