DraftKings Inc. (NASDAQ:DKNG) is shutting down its non-fungible token (NFT) business “effective immediately,” as announced in an email to customers. This move marks the end of a notable intersection between digital collectibles and sports culture for the sports gambling giant. The company cited recent legal developments as the primary reason for the discontinuation of Reignmakers…
Bitcoin experienced a significant price surge, rising 7% following the start of the Bitcoin 2024 conference in Nashville. The event, which began on Thursday, culminated with a pro-crypto keynote speech by former President Donald Trump. In his address, Trump outlined his plans to make the U.S. the “crypto capital of the planet and the Bitcoin…
Former President Donald Trump and several Republican politicians made ambitious promises to the crypto community at Bitcoin 2024 this past weekend. However, these promises, including appointing a crypto Presidential Advisory Council, firing SEC chair Gary Gensler, promoting friendlier regulations, and banning central bank digital currencies, face significant hurdles in Washington, D.C. Prominent Crypto Commitments Trump’s…
Shares of US-listed crypto firms fell on Monday as Bitcoin’s price dipped after briefly surpassing the $70,000 mark for the first time since mid-June. The sell-off erased earlier session gains fueled by Republican presidential candidate Donald Trump’s pro-crypto speech. Market Reactions and Performance Crypto exchange Coinbase (NASDAQ:COIN) saw its shares slip by 1.5% after an…
The recent insider trading allegations against Mystiko Network have sent shockwaves through the cryptocurrency community. These accusations highlight the ongoing challenges and regulatory scrutiny facing the crypto industry. Here’s a detailed look into the allegations and their potential impact. Allegations Against Mystiko Network Mystiko Network, a prominent player in the cryptocurrency space, is currently embroiled…
India is set to release a landmark crypto policy paper in September, a significant move that could shape the future of cryptocurrency regulation in the country. This development has garnered attention from investors, policymakers, and the global crypto community. Here’s a closer look at what this means and the potential implications. The Anticipated Crypto Policy…
Revolut, the prominent fintech company, has finally been granted a UK banking license after a rigorous three-year regulatory process. This milestone marks a significant achievement for Revolut, enabling it to expand its services and offer customers enhanced financial products. The Journey to a UK Banking License Revolut’s journey to obtaining a UK banking license began…
The Trump campaign has made headlines by raising over $4 million in cryptocurrency for its 2024 campaign, with the majority of funds coming in Bitcoin. This development marks a significant shift in political fundraising, highlighting the increasing acceptance of cryptocurrencies in mainstream finance and politics. Cryptocurrency in Political Campaigns Cryptocurrency has been gaining traction in…
The restaking sector is facing significant challenges as recent data reveals $2.3 billion in outflows from EigenLayer, a prominent restaking protocol. This development signals a potential slide in the restaking industry, raising concerns about its future viability and stability. Significant Outflows from EigenLayer EigenLayer, a leading player in the restaking sector, has experienced substantial outflows…
Marathon Digital (NASDAQ:MARA), a leading Bitcoin mining company, has made headlines with its recent purchase of $100 million worth of Bitcoin. The company has also announced a return to its full HODL (Hold On for Dear Life) strategy. This significant move underscores Marathon Digital’s commitment to long-term Bitcoin investment and reflects broader trends in the…