US Regulators Are Not Letting Up on Binance and Former CEO CZ; Here’s Why
DeFi Planet
by Samuel Adeneye
9h ago
In 2022 and 2023, FTX dominated crypto regulation headlines, this year the cannons of government-enforced regulation, undeterred in their mission to seek and destroy, are focused on another “big bird” and are hell-bent on clipping its wings.  Binance, for several months now, has faced a series of challenges with regulators worldwide, and the crypto giant is enduring more setbacks than successes. In another development in its ongoing battle with regulators, attorneys from the US Department of Justice filed a sentencing memo on Tuesday April 23rd, arguing that former Binance CEO Changpeng ..read more
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Spotlight on Grayscale: Analysing the U.S. SEC’s Decision to Let Bitcoin ETFs Shine
DeFi Planet
by Desire Omunakwe
6d ago
On January 10, 2024, the U.S. Securities and Exchange Commission approved ten spot bitcoin ETFs, marking a significant milestone in the history of the country’s crypto sector. It took 11 years of back-and-forths with regulators and multiple institutional and financial asset managers to finally leverage Bitcoin’s uniqueness as a digital asset. This achievement was made possible towards the end of 2023 because of another milestone, thanks to Grayscale. Grayscale dragged the SEC to court and won. The asset manager’s victory over crypto’s self-professed grim reaper is quite a significant event in ..read more
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The Cryptocurrencies vs Securities Dilemma: Why U.S. SEC Needs to Revise its Stance On Crypto
DeFi Planet
by Favour Olaiya
6d ago
The relationship between the U.S. Securities and Exchange Commission (SEC) and the cryptocurrency industry has been turbulent. There is this atmosphere of hostility and uncertainty that continues to put the U.S. at odds with the global crypto market.  The regulator has repeatedly taken action against crypto companies and issued warnings to investors about the risks of ICOs and other cryptocurrency investments. These actions and warnings are often substantiated with concerns over issues such as volatility, fraud, and the lack of regulation as significant concerns for potential investors ..read more
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The Ultimate Guide to How NFT Royalties Work
DeFi Planet
by Adedamola Ojedokun
1w ago
Royalties are payments made by one party to another for the use of their assets. This term is commonly associated with the music industry, where artists allow their recordings to be played on the radio, streamed online, or used by other musicians in exchange for a fee. Not just musicians can earn royalties; anyone involved in creative productions, such as songwriters, publishers, composers, producers, and novelists, also has the right to receive them. However, the current royalty payment system has many problems. A 2015 study conducted by Berklee found that 20 to 50% of music royalty payment ..read more
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Everything You Need to Know About Bitcoin Halving
DeFi Planet
by Adedamola Ojedokun
1w ago
What Does “Bitcoin Halving” mean? Bitcoin halving is a pre-programmed event that reduces the reward for mining new Bitcoin blocks by half. It is a fundamental aspect of Bitcoin’s design, aimed at maintaining its scarcity and controlling the supply of new Bitcoins over time. This event occurs approximately every four years, with the most recent halving occurring in May 2020 and another one set to take place in April 2024.  Bitcoin halving was instituted by Satoshi Nakamoto, the pseudonymous creator of Bitcoin, as part of the original Bitcoin protocol. Nakamoto’s vision was to create a dec ..read more
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Exploring the Top 10 Blockchains by On-Chain Transaction Volume
DeFi Planet
by Blessing Lisafi
1w ago
In the future, we anticipate blockchain technology becoming as essential as the internet is today. That future is gradually unfolding and it’s interesting to see which blockchains are leading in on-chain transaction volume. More transactions on blockchains show that more people are using and trusting the technology. This article explores the top 10 blockchains by transaction volume over the past 12 months, why they’re successful, and what makes them unique. We’ll also discuss how they could impact the digital economy. Bitcoin (BTC) Source: Daily Hodl Market Cap: $536.80 Billion  Total S ..read more
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What Lies Ahead for Polkadot and DOT? Exploring the Blockchain’s Rise, Fall, and Future Prospects
DeFi Planet
by Desire Omunakwe
2w ago
Polkadot’s native token, DOT, currently ranks 13th among cryptocurrencies according to CoinMarketCap, a decline from its previous top 10 status during the recent bull run of 2020 and 2021. During this period, DOT surged significantly, overtaking Ripple’s XRP in market capitalization and entering the top five cryptocurrencies by market cap. Initial enthusiasm for Polkadot led to optimistic predictions from enthusiast and analysts, ranging from a rise to $250 to securing a top-5 position. While some of these materialized, with DOT briefly entering the top 5 in 2021, its actual all-time high (AT ..read more
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Understanding Bitcoin Dominance Chart and Trading Strategies
DeFi Planet
by Guest Author
3w ago
In the world of cryptocurrencies, understanding market dynamics is key to successful investing and trading. The Bitcoin Dominance Chart is a valuable tool that provides insights into the market’s behaviour, helping investors and traders make informed decisions.  In this article, we’ll delve into the meaning of the Bitcoin Dominance Chart, how it’s calculated, how to read it, and how it can be used for investing and trading. The Meaning of the BTC Dominance Chart The market capitalization of Bitcoin as a percentage of the total market value of cryptocurrencies is expressed by the Bitcoin ..read more
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How America Has Shaped Crypto
DeFi Planet
by Desire Omunakwe
1M ago
The United States holds a significant position in the financial world—all thanks to its dollar being the de facto currency for global exchange. Despite the rise of cryptocurrencies as alternatives, there is a common misconception that the influence of the US might be diminishing. Contrary to this belief, cryptocurrencies have a strong connection to the nation of the Star-spangled Banner, more than you’d think. It’s no secret that Americans have embraced the allure of digital assets. According to a survey by the Pew Research Center in September 2021, 16% of Americans had invested in or traded ..read more
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The Impact of Ordinals and BRC-20 Tokens on Bitcoin’s Mainstream Acceptance
DeFi Planet
by Desire Omunakwe
1M ago
Before the introduction of the Ordinals protocol, Bitcoin was largely regarded as a ‘boring’ blockchain. Since its inception in 2009, the pioneer blockchain has focused on serving as a peer-to-peer system for value exchange, aligning with the original vision of its creator, Satoshi Nakatomo. Innovations on the network were largely directed towards that singular purpose. This unidimensional focus, though appealing to hardcore enthusiasts, ran the risk of not resonating with the broader masses. And that was ‘partly’ what happened. The exclusive emphasis on the digital currency being a “store o ..read more
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