The United States Court of Appeals has reversed a lower court’s ruling dismissing U.S.-based users’ damages claim against Binance. Aggrieved users will once again attempt to prove that their claims do not constitute an “impermissible extraterritorial application” of U.S. securities law. ‘Impermissible Extraterritorial Application’ of Securities Law The U.S. Court of Appeals has revived a […]
Based on the latest data, the recently introduced spot bitcoin exchange-traded funds (ETFs) experienced their lowest trading volume day since Jan. 11, 2024, recording roughly $ 1.28 billion in volume on Wednesday. Additionally, figures indicate that Grayscale’s Bitcoin Trust GBTC has offloaded another tranche of bitcoins, totaling 13,178.50 bitcoin valued at $ 527 …
In 2023, the top ten Web3 projects collectively raised $ 1.78 billion in funding, a figure which is 70% lower than the $ 5.87 billion raised in the previous year, the findings of a new study have shown. The findings also show that Web3 projects were able to attract $ 9 billion …
As the first week of 2024 concluded, Bitcoin’s hashrate shattered another lifetime high on Jan. 6, achieving an unprecedented 549 exahash per second (EH/s). Though the hashrate dipped post-Dec. 25, 2023, falling from 546 EH/s to a low of 510 EH/s, it rebounded amidst a declining hash price and an intervening hike in difficulty. 2024 […]
The supply of stablecoins on the Ethereum chain has dropped by more than 30% from the peak of $ 100 billion to $ 66 billion since 2022. The study data shows BUSD and USDC as the two stablecoins which caused the overall market value to fall from $ 139 billion to $ …