This week’s crypto highlights include Visa’s launch of a tokenization platform for banks, Caroline Ellison’s two-year prison sentence for her role in the FTX collapse, and Bitcoin surging past $65,000. Let’s dig deeper.
Bitcoin
Thursday saw the BTC/USD pair make a higher high, breaking through the $65,000 resistance.
DeFi
Women in leadership roles within the blockchain sector—including those of venture capitalists, marketing executives, strategic advisers, and public relations experts—have had great effects in 2024.
Altcoins
BlockDAG has just announced a $1M giveaway that offers winners the chance to buy crypto. This offer comes after the network’s highly successful testnet launch and its presale reaching a $77 million milestone.
A diamond-hands investor who turned a mere $900 invested into a whopping $1 million is riding on the rise of Ethereum’s value towards the end of the DeFi era.
Technology
Visa, a global leader in payment solutions, has taken another major step into cryptocurrency by launching a platform designed for banks to test tokenized assets and smart contracts.
Web3
Synesis Foundation, an entity known for developing Solana’s pioneering AI data pre-processing solution, has announced a strategic alliance with AirMoney DEGN.
EOS has successfully upgraded its network to Spring 1.0, introducing a host of performance enhancements and new capabilities.
INX partners with Backed to introduce new tokenized stock listings, including Apple (AAPL), Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and Gamestop (bGME).
Regulation
The SEC has approved the Bank of New York Mellon Corp (BNY)’s custody of crypto assets beyond ETFs.
Caroline Ellison, the former CEO of Alameda Research and a key figure in the collapse of the cryptocurrency exchange FTX, has been sentenced to two years in prison.
Solana-based decentralized exchange (DEX) Mango Markets is in the midst of navigating legal challenges as it considers a $500,000 settlement with the United States Commodity Futures Trading Commission (CFTC).
Democratic Presidential candidate Kamala Harris is looking to position herself as a more crypto-friendly candidate for the 2024 presidential election by pledging to support the growth of AI and digital assets while ensuring consumer protection.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
