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Join Our Telegram channel to stay up to date on breaking news coverage Three committee chairs in the United States House of Representatives have sent a letter to Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC). The letter demands a more satisfactory response to a November 1 question regarding the SEC and its chairman’s compliance with recordkeeping requirements. Simultaneously, the Blockchain Association, a lobbying group for the American cryptocurrency industry, is advocating that Gensler steps down from enforcing regulations on the crypto sector. The Association has said that his public remarks have demonstrated that he lacks objectivity in his Analysis of the problems. Who is Gary Gensler and Why Is He Facing the Brunt of the Crypto Community? Gary Gensler currently heads the Securities and Exchange Commission of the United States. Gensler was sworn into office on April 17, 2021, having been nominated by President Joe Biden in February

Join Our Telegram channel to stay up to date on breaking news coverage Animoca Brands and RugbyDAO have formed a strategic partnership to create a rugby-themed Web3 initiative. This collaboration aims to revolutionize the rugby fan experience and provide new opportunities in the Web3 space. This strategic collaboration marks a significant milestone in the convergence of #blockchain #technology and #Rugby, as two industry pioneers join forces to create new opportunities and enhance the fan experience. Animoca Brands, renowned for its #Web3 initiatives and extensive… — Animoca Brands (@animocabrands) June 29, 2023 By leveraging blockchain technology, the partnership will develop initiatives that transform how fans, players, and clubs engage with rugby. Bringing Rugby into Metaverse with Web3 Tech Through this partnership, fans can actively participate in projects and contribute to the development of the rugby-themed Web3 initiative. By joining Web3 communities, fans can d

How to Add Doge chain to MetaMask: A Comprehensive Guide MetaMask is a popular cryptocurrency wallet that allows users to securely store, manage, and interact with various digital assets. Suppose you’re a DOGE enthusiast looking to explore the exciting world of decentralized applications (DApps), NFTs, and GameFi on the Doge chain network. In that case, you must add Doge chain to your MetaMask wallet. In this guide, we’ll walk you through the step-by-step process of adding Doge chain to MetaMask, enabling you to navigate the Doge chain ecosystem seamlessly. Source: blockgeeks.com chain -and-metamask-compatibility> Understanding Doge chain and MetaMask Compatibility Before we dive into the technicalities, let’s first understand the compatibility between Doge chain and MetaMask. Doge chain is an Ethereum Virtual Machine (EVM)-compatible network designed specifically for the Doge community. On the other hand, MetaMask is an Ethereum wallet supporting EVM-compatible networks. Th

Paysafe Payment Solutions, Binance’s European banking partner, said it would terminate support for Binance as it deals with regulatory challenges global ly. Binance is reportedly searching for a new provider for euro deposits and withdrawals via the Single Euro Payments Area (SEPA), after the UK-based payment network Paysafe said it would withdraw support from Sept. 25, 2023.  “Following a strategic review, we have taken the decision to cease offering our embedded wallet solution to Binance across the region. Paysafe and Binance are now working to mutually implement an orderly and fair process to terminate this service over the next few months.” Emailed statement by Paysafe to Bloomberg You might also like: Binance sets sights on UAE as key operational hub Paysafe and Binance inked a partnership deal in January 2022, enabling users to deposit and withdraw EUR on Binance via the SEPA payment network. Following the partnership, the Financial Conduct Authority (FCA), the

The European Union (EU) is making progress on the European Data Act, despite facing criticism from the cryptocurrency community, as lawmakers have reached an agreement to proceed with the legislation. The E.U.’s Commissioner for Internal Markets, Thierry Breton, confirmed the deal in a June 27 tweet, describing it as a significant milestone in reshaping the digital landscape. The incorporation of reset options The introduction of new E.U. legislation has raised concerns among crypto proponents, as it is believed that the regulations could compel smart contract developers to incorporate reset options for transaction termination or interruption.  Another deal! ⁰Tonight’s agreement on the #DataAct is a milestone in reshaping the digital space. Thanks to the swift work of the EP @delcastillop & the Council Presidency, we are on the way of a thriving data economy that is innovative & open — on our conditions. pic.twitter.com/vTWUU8xTx9 — Thierry Breton (@ThierryBreton) Ju

In the latest announcement, MicroStrategy chief Michael Saylor announced that the software intelligence firm has bought a 12,333 Bitcoin on Tuesday. In a message on Twitter, Saylor wrote: advertisement MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin . As of 6/27/23 @MicroStrategy hodls 152,333 $BTC acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. Ever since their making entry into Bitcoin back in September 2022, MicroStrategy has been periodically purchasing Bitcoins at regular intervals. The company has managed to hold strong even during the crypto winter of 2022. Michale Saylor has been one of the biggest advocates of Bitcoin and believes it to be a strong store of value under the current inflationary conditions in the global economy. Furthermore, Saylor has been a strong advocate of Bitcoin’s Layer-2 scalability platform i.e. the Lightning Network, and believes that o

Join Our Telegram channel to stay up to date on breaking news coverage Crypto experts are convinced that Conflux’s (CFX) recent partnership with dappOS will manage to revolutionize decentralized economies. While Chainlink (LINK) starts to dominate the tokenization market, VC Spectra (SPCT) is also on the rise. Many investors have chosen to place their trust in VC Spectra’s (SPCT) advanced Features and real-world utility while the token is still in presale. Keep on reading to find out why! >>BUY SPECTRA TOKENS NOW<<   Conflux (CFX) Sustains Its Bullish Rise Conflux (CFX) is currently selling for $0.2573, rising by a significant 30.78% in the last seven days. Experts predict that Conflux (CFX) will manage to maintain its bullish surge and reach $0.237 in the following term. Analysts ascribe Conflux’ (CFX) recent uptrend to the blockchain’s partnering with dappOS, the operating protocol for crypto infrastructures management. Conflux (CFX) bulls perceive this as a c

Attorney Clayton J. Masterman has withdrawn from Ripple’s legal defense team in the SEC lawsuit. Masterman’s departure comes just a month after fellow attorney Kylie Chiseul Kim withdrew from the team. Crypto lawyer John Deaton believes that Masterman’s withdrawal holds no significance in the lawsuit. Attorney Clayton J. Masterman has withdrawn from Ripple’s legal defense team in the lawsuit filed by the U.S. Securities and Exchange Commission (SEC). While the online sentiment indicated that Masterman’s departure dealt a considerable blow to Ripple, crypto lawyer John Deaton believes that the attorney’s departure holds no significance in the case. John Deaton took to Twitter earlier today to share the news of Masterson’s departure from Ripple’s legal defense team. According to the crypto lawyer, the Ripple attorney’s withdrawal was not a matter of concern. “To be clear: a lawyer withdrawing means nothing. It’s not a signal that the case settled or anything of

After experiencing a notable rebound, the cryptocurrency market entered a phase of correction. Despite the decline in the market’s overall value, the top market cap assets remained unaffected in terms of profit-taking. According to recent reports, several leading assets continue to witness moderate profit-taking. However, there is one specific asset that stands out as an exception to this trend. XRP was moving in the opposite direction. Data provided by Santiment highlighted that XRP stood out from the rest of the market this week by recording a higher number of transactions resulting in losses rather than profits. This contrasted with the overall trend observed in other cryptocurrencies. Source Contrary to the typical bearish connotation associated with losses, XRP defied this notion. Santiments’ Analysis revealed that assets, like XRP, historically exhibit a higher probability of price appreciation when their transaction ratio leans more toward losses rather than profits. Therefore,

AAVE whale’s $2.46M transaction triggers price drop. High trading volume accompanies AAVE’s price correction. Indicators suggest that negative market sentiment in AAVE may be fading. The cryptocurrency industry is buzzing with the news of a massive AAVE whale completing a $2.46 million trans action . The renowned whale, “0x5a80,” recently sent shockwaves across the market by moving 38,000 AAVE tokens out. This whale, which has amassed a whopping $17.2 million in AAVE during the last 24 hours, now has a $31.8 million total. However, the euphoria swiftly changed to worry when the price of AAVE fell after the whale’s ceaseless collection efforts roughly 10 hours ago. Note that whale"0x5a80" transferred 38,000 $AAVE ($2.46M) out 30 mins ago. The 38,000 $AAVE is being transferred to exchanges through multiple addresses.https://t.co/5QXEwc7nC6 pic.twitter.com/XKe0B0y0NE — Lookonchain (@lookonchain) June 26, 2023 Consequently, AAVE’s price plumme