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Weekly Roundup: Major Developments in Crypto and NFTs

June 3, 2024

Bitfarms Rejects Riot's Unsolicited Acquisition Offer: Bitfarms declined Riot Platform's $950 million bid, citing undervaluation of growth potential amid leadership changes.Gemini Earn Returns Over $2 Billion in Cryptocurrency to Users: …

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Notcoin (NOT) Hits $1.81 Billion Market Cap After 238% Weekly Gain

June 2, 2024

This week has seen some significant moves in the world of crypto and NFT gaming, most notably with the stellar performance of the Notcoin (NOT) token. Notcoin has taken the …

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Celebrities Dive into Solana Meme Coins as Bitcoin and Ethereum Remain Steady

June 2, 2024

The cryptocurrency market witnessed an interesting divergence this week as major tokens like Bitcoin and Ethereum held their ground, while the sphere of meme coins saw increased activity around celebrity …

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Understanding the SEC’s Staff Accounting Bulletin 121

June 2, 2024

The recent veto by President Joe Biden on a pro-crypto resolution emphasizes the significance of the SEC's Staff Accounting Bulletin 121. This critical document outlines vital accounting standards for companies …

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Uniswap Foundation Delays Protocol Upgrade Amid Legal Challenges

June 1, 2024

The Uniswap Foundation has postponed a highly anticipated upgrade proposal that aimed to enhance its governance and fee distribution model. The decision came after a new issue raised by a …

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President Biden Vetoes Pro-Crypto Resolution Defending SEC's Directive

June 1, 2024

President Joe Biden recently vetoed a pro-crypto resolution, standing firmly in defense of the Securities and Exchange Commission's (SEC) guidance, which aims to protect consumers and investors.The resolution, which had …

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Japanese Exchange DMM Bitcoin Hacked for $308 Million

May 31, 2024

In a significant blow to the cryptocurrency world, Japanese exchange DMM Bitcoin has fallen victim to one of the largest hacks in recent years, resulting in a loss of $308 …

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Trump's Guilty Verdict Unlikely to Derail Pro-Crypto Presidential Campaign

May 31, 2024

Despite being convicted on 34 felony counts of falsifying business records, former President Donald Trump's pro-crypto presidential campaign shows no signs of slowing down.In a historic moment on May 30, …

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NYDFS Establishes New Guidelines for Crypto Companies to Enhance Customer Service Standards

May 31, 2024

The New York State Department of Financial Services (NYDFS) has introduced new guidelines aimed at enhancing customer service standards for Virtual Currency Entities (VCEs). The regulations, set to come into …

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RFK Jr. Reacts to Trump's Guilty Verdict and Its Impact on Election Prospects

May 31, 2024

Robert F. Kennedy Jr. recently shared his views on the implications of former President Donald Trump's guilty verdict on his election prospects, while also expressing satisfaction with Trump's newfound support …

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