Venezuela Overhauls Crypto Policies After Arrest of Top Authority

• Joselit Ramirez, Venezuela’s top authority on crypto policies, has been removed from his position and arrested for suspicion of participating in a scheme to steal from Venezuela’s oil operations. • The Venezuelan government has called for a comprehensive restructuring of the Superintendency of Crypto Assets and Related Activities (SUNACRIP). • A new board headed […]

Crypto News Roundup: Coinbase Partners With Optimism, ORBN Sells $800K in 24 Hours, Bitcoin Takes a Breather

• Coinbase Announces Partnership with Optimism (OP) • Orbeon Protocol (ORBN) Sells $800,000 ORBN Tokens in 24 Hours • Bitcoin (BTC) Takes a Breather Coinbase Partners With Optimism (OP) Coinbase announced its partnership with Optimism (OP), an Ethereum (ETH) scaling solution that leverages a technique called optimistic rollups to process transactions faster and cheaper than […]

SEC Chairman Claims All Crypto Tokens Except Bitcoin Are Securities

• SEC Chairman Gary Gensler recently claimed that all crypto tokens, except for Bitcoin, are securities and fall under the agency’s purview. • Following Gensler’s claims, several well-known crypto lawyers and industry members have rebuffed his statements. • Crypto lawyers argued that Gensler’s opinion is not the law and judges ultimately determine what the law […]

Gala Games Unveils $300M Plan to Revolutionize Gaming in 2023

• Gala Games, a blockchain-based gaming platform, has released its plans for 2023. • These plans include supporting the broader gaming ecosystem, moving to mobile, and carving out market share with four key pillars. • The platform has set aside over $300 million to support projects in the gaming ecosystem, of which 50% has already […]

Bitcoin Exchange Deposits Drop to 4-Year Low, Is the Bottom Here?

• Bitcoin exchange deposits have dropped to a 4-year low, suggesting that the bottom of the market has been reached. • The “exchange depositing transactions” metric measures the total number of Bitcoin transfers that are sent to centralized exchanges. • Low values of this indicator suggest that not many investors are applying selling pressure right […]