Author: Miller Trump

Robinhood Settles Class-Action Lawsuit Over Unsolicited Text Messages Robinhood, the popular stock trading app, has recently settled a class-action lawsuit in Washington related to unsolicited spam text messages sent through its “refer a friend” program. The lawsuit alleged that Robinhood had violated the Telephone Consumer Protection Act by sending out these messages without the recipients’ consent. Background of the Lawsuit The class-action lawsuit against Robinhood was filed in response to complaints from individuals who received unsolicited text messages from the company. These messages were sent to encourage recipients to invite their friends to join Robinhood’s platform, with the promise of…

Bullish Momentum in XRP Price The XRP coin has shown strong bullish sentiment over the past week, with its price surpassing the $0.60 mark. This represents a significant 15% increase in the last 24 hours and a notable 40% gain on the weekly chart. Speculation around the imminent resolution of the SEC’s case with Ripple has been a driving factor behind this positive price action. Growing Optimism Among XRP Holders Santiment, an on-chain analytics platform, has highlighted the increasing number of whale XRP holders (those holding over 100,000 tokens) as a sign of growing optimism in the market. According to…

BlackRock’s iShares Ethereum Trust: A New Opportunity in Digital Assets BlackRock’s iShares Ethereum Trust is paving the way for investors to tap into the potential of digital assets, specifically Ethereum. With fees starting at 0.12%, this investment opportunity is set to attract both seasoned investors and newcomers to the world of cryptocurrency. Exploring the Benefits of the iShares Ethereum Trust One of the key advantages of the iShares Ethereum Trust is its low fees, making it an affordable option for those looking to diversify their investment portfolio. Additionally, the trust offers exposure to Ethereum, one of the leading cryptocurrencies in…

Proposed Bill Requires Quarterly Reports on NYC Marijuana Enforcement Activities Manhattan Councilwoman Gale Brewer is set to introduce a bill that would mandate Mayor Adams’ administration to provide detailed quarterly reports on the city’s marijuana enforcement activities. This new measure aims to increase transparency and accountability in the enforcement of weed laws in the city. Evaluating Marijuana Enforcement Efforts The proposed legislation would require quarterly reports to contain information on every raid conducted by the city’s Sheriff’s Office and other relevant agencies on suspected illegal smoke shops. This data would include the results of each raid and the address of…

Queens Man Shot to Death in Brooklyn Street Argument A tragic incident unfolded on a Brooklyn street, resulting in the untimely death of Antoine Ruffin, a Queens man. The confrontation took place outside the Bedford-Stuyvesant Family Bank and ended in a fatal shooting, leaving Ruffin’s family devastated. Heartbreak and Grief for the Family The news of Ruffin’s demise came as a shock to his loved ones, who described him as a hard-working family man with no involvement in street altercations. His sister, Emani Hester, expressed bewilderment over the circumstances leading to her brother’s tragic end, emphasizing his peaceful nature and…

OKX Restricts Operations in Nigeria While the news came as a surprise to many users, OKX has been gradually reducing functionality in the Nigerian market for months. The cryptocurrency exchange recently announced that it would be limiting certain account functions for Nigerian users, citing regulatory concerns as the reason behind the decision. Transitioning Out of Nigeria Over the past few months, OKX has been streamlining its services in Nigeria, leading up to the recent announcement of restricted functionalities. This move is in line with the exchange’s broader strategy of complying with regulatory requirements in various jurisdictions. Impact on Nigerian Users…

The Launch of Near Protocol’s NEAR ETP by Valor Valor, a cryptocurrency fund issuer, has announced the launch of an exchange-traded product (ETP) for Near Protocol’s native token NEAR. This ETP will be listed on Sweden’s Spotlight stock market, offering retail and institutional investors access to a decentralized application development platform. Valor’s Diverse ETP Product Portfolio Valor already operates one of the largest Solana ETPs and offers a range of staking products, including ETPs for Bitcoin, Ethereum, and Internet Computer. Elaine Buehler, head of product at Valour, emphasized the significance of the NEAR ETP, providing investors with exposure to a…

A Large Influx of Money into Spot Bitcoin ETFs Indicates Market Optimism A substantial amount of capital has recently poured into spot Bitcoin ETFs, a clear sign that market sentiment is on the rise. This influx of funds suggests that investors are feeling more positive about the future of Bitcoin and are actively purchasing the cryptocurrency. The Impact of Market Sentiment on Bitcoin Prices Market sentiment plays a crucial role in influencing the price of Bitcoin. When investors are optimistic about the future of the cryptocurrency, they are more likely to buy, driving up demand and pushing prices higher. On…

Mayor Eric Adams to Introduce Weapons Scanners on NYC Subways Mayor Eric Adams announced on Wednesday that Steffanger residents may soon see weapons scanners on the subway as part of efforts to reduce crime on the city’s transit system. Implementation of Weapons Scanners The weapons scanners are set to be rolled out at a small number of subway stations in the coming days for initial testing, according to Adams. The pilot program was briefed to him by NYPD officials, following the unveiling of a gun-detection scanner by Evolv at an event earlier this year. While the initial focus is on…

Ethereum Co-founder on Russian Government’s Support for Cryptocurrencies Vitalik Buterin, the co-founder of Ethereum, recently made headlines when he commented on the Russian government’s support for cryptocurrencies. Buterin noted that while the government appears to be embracing digital currencies, it is still operating in a dictatorial manner. The Russian Government’s Stance on Cryptocurrencies From Buterin’s perspective, the Russian government’s efforts to support cryptocurrencies may be seen as a positive step towards embracing innovation in the financial sector. However, the co-founder also expressed concerns about the government’s authoritarian tendencies and the potential implications for the crypto industry. Transitioning to a more…

Cryptocurrencies in Saudi Arabia: A Gray Area with Promising Talent Pool Despite being a gray area in Saudi Arabia, cryptocurrencies are gaining attention in the country. The government has not yet implemented clear regulations on digital assets, leaving investors and businesses in a state of uncertainty. However, the country’s talent pool and technological advancements may pave the way for greater adoption of cryptocurrencies in the future. The Rise of the Gaming Industry in Saudi Arabia Saudi Arabia’s gaming industry has been experiencing rapid growth in recent years. With a young and tech-savvy population, the country has become a hub for…

The exchange-traded product listed on Sweden’s Spotlight stock market The first cryptocurrency exchange-traded product (ETP) in Sweden has been listed on the Spotlight stock market. This marks a significant milestone in the mainstream adoption of digital assets and provides investors with a new way to gain exposure to the crypto market. The growing demand for crypto investment products As the cryptocurrency market continues to mature, there is a growing demand for regulated investment products that provide exposure to digital assets. ETPs are seen as a convenient and familiar way for traditional investors to access the crypto market without having to…

Brooklyn City Councilman Arrested for Biting NYC Police Chief During Homeless Shelter Protest A Brooklyn city councilman, Councilwoman Susan Zhuang, was arrested for biting the New York City police chief during a protest against the construction of a homeless shelter in Bensonhurst. The incident occurred during a 6 a.m. protest that drew about 200 demonstrators to the location, resulting in Zhuang being charged with assault, resisting arrest, and obstructing government administration. Another protester, Thanh Nguyen, was also charged with assaulting a police officer. Protests and Arrest at the Homeless Shelter Site Protests erupted early in the morning as workers began…

New York’s Crypto Craze: Embracing the Digital Currency Boom Embracing Innovation in Finance New York has long been known as a financial hub, with Wall Street at its core. However, in recent years, the city has also become a hotbed for cryptocurrency activity. From Bitcoin ATMs popping up on street corners to established financial institutions creating new divisions dedicated to digital assets, it is clear that New York is embracing the digital currency boom. This shift towards embracing innovation in finance is an exciting development for the city and its residents. Regulatory Challenges While New York’s embrace of the digital…

Unlocking the Potential of Web3 in Saudi Arabia Saudi Arabia, known for its rich oil reserves and traditional economy, is gradually embracing the world of Web3 technologies despite the regulatory uncertainty surrounding cryptocurrencies in the region. While digital currencies may still be a gray area in the kingdom, the country’s vibrant talent pool and flourishing gaming industry are paving the way for the adoption of decentralized technologies. The Rise of Saudi Arabia’s Tech Talent Transitioning from a resource-based economy to a knowledge-based economy, Saudi Arabia is heavily investing in developing its local talent in the tech sector. With initiatives like…

long story short As the Toncoin blockchain continues to develop, OKX wallet has added support for TON. About a month after launch, Solciety’s pre-sales have officially surpassed $1 million. OKX Wallet Adds Support for TON Cryptocurrency exchange OKX announced on Wednesday that it has added support for the Toncoin (TON) network associated with the Telegram messaging app in the OKX wallet. According to the OKX team, TON is the 100th protocol supported by OKX wallet. Previously, OKX wallet added support for NEAR, Blast and zkLink Nova chains. Recently, it also integrated Uniswap Labs’ trading API and launched a platform for…

Enhancing Subway Security with Metal Detectors In an effort to enhance security measures in the New York City subway system, Mayor Adams has announced the deployment of a controversial metal detector program. This initiative aims to protect passengers from potential threats, particularly in light of recent subway shootings. Testing and Implementation Mayor Adams revealed that the metal detector program, first announced in March, will be implemented and expanded in certain locations. The testing system, developed by Evolv Technology, utilizes artificial intelligence-enabled cameras and metal detectors to detect weapons such as knives and guns while disregarding harmless items. According to transit…

Assemblywoman Susan Zhuang Arrested for Biting NYPD Deputy Chief During Protest Against Homeless Shelters An angry congresswoman allegedly bit an NYPD deputy chief during a screaming exchange with police during a protest against homeless shelters in Brooklyn, officials and video of the incident showed. Police confirmed that Assemblywoman Susan Zhuang (D-43) was arrested Wednesday morning on charges of second- and third-degree assault and resisting arrest during a Residents Against Homeless Shelters demonstration in Gravesend. Charges and Confrontation Zhuang, 38, allegedly tried to stop police from speaking to another woman at a protest by grabbing a police barricade and pushing her…

The Impact of British Government’s Cryptocurrency Bills During the opening of Parliament in May 2022, the British government, led by the Conservative Party, proposed two bills on cryptocurrency. This move has sparked a significant debate within the crypto community and financial sector, as the UK looks to regulate this rapidly growing industry. The First Cryptocurrency Bill: Regulation and Oversight One of the bills introduced by the British government focuses on establishing regulatory frameworks and oversight mechanisms for cryptocurrency exchanges and trading platforms. This bill aims to enhance consumer protection, prevent money laundering, and ensure the stability of the financial system.…

Unlocking the Potential of Web3 in Saudi Arabia While cryptocurrencies may still be a gray area in Saudi Arabia, the country’s rich talent pool and thriving gaming industry are paving the way for the adoption of Web3 technologies. With a young and tech-savvy population, Saudi Arabia is poised to become a key player in the global Web3 ecosystem. The Rise of Digital Innovation Saudi Arabia has been making significant investments in digital innovation, with a focus on diversifying its economy and reducing its dependence on oil. The country’s Vision 2030 initiative aims to transform Saudi Arabia into a knowledge-based economy,…

The Booming Gaming Industry in Saudi Arabia Despite the gray area surrounding cryptocurrencies in Saudi Arabia, the country’s gaming industry is experiencing rapid growth and attracting a talented pool of individuals. The young population in Saudi Arabia is increasingly turning to gaming as a form of entertainment, resulting in a surge in demand for gaming content, platforms, and services. This trend has not gone unnoticed by industry giants, with many international gaming companies setting their sights on the burgeoning Saudi market. As a result, Saudi Arabia has seen a sharp increase in investments in the gaming sector, as well as…

Bitcoin ETF Inflows Surge Amid Price Rally Data from Farside revealed that the U.S. Bitcoin ETF experienced significant inflows totaling $422.5 million on Tuesday, marking the highest inflow since June 5 and extending the streak to its eighth consecutive day. This influx of capital coincided with a surge in the price of Bitcoin (BTC), which is currently valued at $65,289, having jumped 3.9% in the past 24 hours, according to on-chain data from CoinGecko. The price briefly touched $66,000 during the Asian trading session. Key Players See Major Inflows Despite recent events such as the German government selling BTC and…

EssilorLuxottica Acquires Supreme for $1.5 Billion VF Corporation, the current parent company of Supreme, announced on Wednesday that the iconic fashion brand will be sold to Ray-Ban maker EssilorLuxottica for $1.5 billion in cash. This acquisition will add Supreme to EssilorLuxottica’s portfolio of companies, which includes sunglass brands Oakley and Ray-Ban. Founded in 1994 by James Jebbia, Supreme has garnered a loyal following among young consumers for its limited-edition releases and collaborations with other brands. Strategic Acquisition and Growth Plans EssilorLuxottica executives Francesco Milleri and Paul du Saillant expressed their excitement about bringing Supreme into their company, citing the brand’s…

All Eyes on Congress: The Future of Internet Regulation As the U.S. Commerce Department proposes new regulations for cloud companies to combat hacking, legal hurdles may stand in the way of implementation. The potential overreach of these rules has already drawn criticism from industry experts, with concerns that they may exceed the authority granted by Congress. The Role of Federal Judges One major challenge in implementing cybersecurity regulations is the interpretation of existing laws by federal judges. Different courts may reach varying conclusions on the same statute, leading to appeals and inconsistencies in enforcement. Agencies, with their technical expertise, may…

The Steering Committee: Leading Blockchain Development in Africa The Steering Committee of Nigeria is dedicated to actively promoting the country to take a leadership position in blockchain development across Africa. With a clear vision and strategic plan, the committee aims to drive innovation and growth within the blockchain industry on the continent. The Importance of Blockchain Development in Africa Blockchain technology has the potential to revolutionize various sectors in Africa, including finance, healthcare, supply chain management, and more. By embracing blockchain, African countries can improve transparency, efficiency, and security in their operations. The Steering Committee recognizes the significance of harnessing…

The Evolution of Cryptocurrency: Revolutionizing Finance The field of cryptocurrency is full of vitality, where digital currency and cool technology intertwine to reshape the future of finance. This dynamic landscape presents numerous opportunities and challenges that redefine our perception of money. Transitioning from decentralized finance to non-fungible tokens, the crypto space is dismantling barriers and introducing innovative possibilities to the financial realm. Stay informed and explore the potential and intricacies of this ever-evolving field. Unveiling the Seating Arrangements at Crypto.com Arena Seating capacity at Crypto.com Arena varies depending on the event type. For basketball games, the venue can host up…

Revolutionizing Blockchain Deployment with Code-Free Solutions BVM Studio has revolutionized the blockchain industry with its innovative code-free solution for blockchain deployment. This groundbreaking technology offers a user-friendly approach to creating and deploying blockchain networks, making the process accessible to a wider audience. By utilizing a drag-and-drop interface, BVM Studio simplifies the complexities of blockchain development, allowing users to focus on their ideas rather than the technicalities of coding. Streamlining Blockchain Creation Process With BVM Studio’s code-free solution, creating a blockchain network has never been easier. By eliminating the need for complex coding, users can quickly design and deploy their blockchain…

Bitcoin ETF Inflows Surge: Institutional Interest Peaks More than $1 billion has flowed into Bitcoin exchange-traded funds (ETFs) over the past three trading days, indicating a strong surge in investor interest. This influx of funds coincided with Bitcoin reaching a price of $66,000, despite ongoing market uncertainties. The participation of both institutional and individual investors reflects a bullish sentiment prevailing in the market. Bitcoin ETF Investments and Whale Activities According to Farside Investors, Bitcoin spot ETFs experienced significant inflows on Tuesday, with a total of over $422.5 million, the highest level in a month. The iShares Bitcoin Trust (IBIT) from…

The U.S. Spot Bitcoin ETF Sees Strong Inflow Amidst Market Volatility The U.S. spot Bitcoin ETF experienced a significant uptick in activity on Tuesday, with a net inflow of $422.5 million, marking its strongest trading day in over a month. This surge in investment comes at a time of heightened volatility in the cryptocurrency market, as investors seek out safe-haven assets amidst economic uncertainty. Increased Interest Reflects Growing Confidence in Bitcoin The influx of funds into the U.S. spot Bitcoin ETF indicates a growing confidence in the long-term potential of the digital asset. Despite recent price fluctuations, Bitcoin has maintained…

Carlos Watson Convicted of Fraud in Ozy Media Scandal Former TV anchor and Ozy Media CEO Carlos Watson has been found guilty of fraud in a scheme to deceive investors and lenders, resulting in millions of dollars being funneled into his struggling media company. The conviction came after an extensive trial in Brooklyn federal court, where evidence was presented showing how Watson and company executives engaged in fraudulent activities to secure investments and loans. Details of the Fraudulent Scheme During the trial, co-founder Samir Rao testified about the elaborate tactics used to deceive investors and lenders. Rao, who turned government…