Unsurprisingly, the Bitcoin Halving is when Bitcoin’s mining reward is split in half. Halvings occur about every four years; four years because the Bitcoin mining algo is set with a target of finding new blocks once every 10 minutes (more or less; on average 9.66 minutes), which would take about 1,409 days to mine the … Continue reading The Hype Surrounding the April 2024 Bitcoin Halving
The puppy-themed altcoin, and so-called “Dogecoin Killer,” has unleashed a first-ever product into the crypto sphere: a “.shib” Internet domain name. Specifically, Shiba Inu developers are working closely with Web3 domain player D3 to introduce a “.shib” internet and blockchain domain to the market. Part of D3’s mission is to develop and launch the first … Continue reading Dog-Themed Memecoin Shiba Inu to Unleash a “.shib” Internet Domain
Through the unveiling of its “Regulating digital asset platforms” consultation paper, the Australian Treasury has indicated its intent to regulate service providers and exchanges. In particular, regulating service providers and exchanges as opposed to individual coins or cryptocurrencies themselves is, in the Treasury’s view, said to (1) address consumer harms and (2) support innovation in … Continue reading The Aussie Attempt At Regulating Crypto Service Providers and Exchanges
On August 29th, 2023, after previous rejection, an appeals court held that the SEC must review Grayscale’s ETF bid. Specifically, the court noted the SEC's decision to reject the Grayscale Bitcoin ETF application was "arbitrary and capricious" in its ruling. As per the filings, See https://www.docdroid.net/vrehbKf/dc-cir-22-1142-01208547571-0-pdf, the court hereby ordered Grayscale's petition for review to … Continue reading The Salvation from the Crypto Winter: Appeals Court Rules SEC Must Review Grayscale’s ETF Bid
US: Visa is under scrutiny by the DOJ given its methods of charging merchants for technology it uses to protect cardholder information. Specifically, Visa, as it currently stands, charges cardholders more if they fail to use Visa’s exclusive technology; this, in turn, raises serious regulatory concerns as the DOJ seeks to address. ARGENTINA: Pro Bitcoin … Continue reading Recents . . . in crypto!
07/13/23 -> SEC v. Ripple: On July 13th, Judge Analisa Torres of the United States District Court for the Southern District of New York ruled on cross-motions for summary judgment filed by the SEC and Ripple Labs (the company closely associated with XRP) in relation to litigation that dates back to December 2020. Specifically, Judge … Continue reading Reflecting on The Ripple Wave of Litigation
In a proof-of-stake system, users “stake” cryptocurrency as a form of guarantee to help secure and confirm new data blocks. With Shanghai, users can “unstake” Ethereum (ETH) in the form of partial withdrawals or full withdrawals. But, interestingly, a mass withdrawal is unlikely to occur. First, to withdraw ETH as a validator, users are required … Continue reading Starting Something New: Shanghai Upgrade & “Shapella”
A Domino Effect – Part One As of year-end 2022, crypto-focused bank Silvergate’s deposits were over $6 billion. Importantly, Silvergate led a gateway into blockchain for banking; it was willing to fill a gap between crypto and fiat. However, word that Silvergate collapsed due to a weakening in its capital position and a DOJ investigation … Continue reading Gate Closed: Silvergate’s Bank Run
Largely due to the FTX scandal, the crypto market is currently facing a crypto winter with unexpected lows. Recently, much focus has been on the negatives— the crypto market shrinking by $1.4 trillion, Bitcoin losing 60% of its value, and investor security unraveling to name a few. Undeniably, the FTX case of greed stands, and … Continue reading In the Wake of FTX & Into the New Year: The Ethereum Merge & The Evolution of Crypto
As the weather gets colder and we approach the winter, the cryptosphere continues to be a chaotic wild west of sorts. Front and center in this week’s volatile activity has been FTX. What began with a headline announcing Binance’s plan to acquire FTX soon turned into a week-long saga of unprecedented chaos culminating with FTX, … Continue reading THE MOST GENEROUS BILLIONAIRE IN THE WORLD & A MAN OF THE PEOPLE: SAM BANKMAN-FRIED (SBF) COMMITS THE BIGGEST CRIME OF THE CENTURY💸
on court with steph 