The Last Fortnight In Crypto - May (Part 1)
Changpeng Zhao, the founder of Binance, has been sentenced to four months in prison by a U.S. judge, despite no evidence suggesting his direct involvement in illegal activities on the platform. Zhao, who pleaded guilty to violating banking laws, agreed to a $50 million fine and cooperated with authorities. The sentencing, shorter than what the prosecution sought, reflects the judge's recognition of Zhao's acceptance of responsibility and cooperation. This decision contrasts with the 25-year penalty given to his rival, Sam Bankman-Fried. While Binance agreed to a substantial fine, the prosecution emphasized the importance of holding individuals accountable, given the platform's significant impact.
Australian Securities Exchange Nears Approval for Spot-Bitcoin ETFs by 2024-End: Bloomberg Report.
The Australian Securities Exchange (ASX) is close to approving the first spot Bitcoin exchange-traded funds (ETFs) by the end of 2024, according to Bloomberg. This move marks a significant step in integrating cryptocurrencies into traditional finance. Companies like DigitalX Ltd. and VanEck are applying, showing growing interest in crypto investments. The recent approval of similar ETFs in Hong Kong and Monochrome Asset Management's application in Australia highlight the increasing popularity of crypto investments in the region.
Understanding USDC : A Stablecoin Revolutionising Digital Payments
In the rapidly evolving landscape of cryptocurrencies, stability is often a sought-after characteristic that traditional digital assets struggle to achieve. Enter USDC, or USD Coin, a stablecoin that has gained significant traction in recent years due to its unique approach to maintaining a stable value while harnessing the power of blockchain technology. In this blog post, we'll delve into what USDC is, how it works, and why it's becoming increasingly essential in the world of digital payments.
Meanwhile, this graphic via our friends at @coinbureau shows us the impressive growth of stablecoin this year.
Exploring Popular Memecoins: A Look Across Ethereum, BSC, Solana, and Avalanche Ecosystems
In different blockchain ecosystems like Ethereum, Binance Smart Chain, Solana, and Avalanche, there are popular memecoins like Shiba Inu (SHIB), SafeMoon, SolanaPup, and AvaDog. These coins gain attention for their playful branding and active communities. However, it's important to note that investing in memecoins carries high risk due to their speculative nature.