The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, recently delivered a speech in Naples, shedding light on the need for increased regulatory efforts in the cryptocurrency industry. While the approval of Bitcoin ETFs may have given the impression of regulation, Behnam expressed significant concerns regarding the current state of cryptocurrency and digital
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The Ethereum (ETH) market is currently bracing itself for a potential sell-off worth a staggering $1 billion. This monumental transaction is the result of actions taken by Celsius, a crypto lender that recently filed for bankruptcy. On-chain analyst Lookonchain has reported that Celsius initiated the transfer of 459,561 ETH, which is estimated to be valued
In a recent development, Mark Scott, a former partner at the U.S. law firm Locke Lord, has been sentenced to 10 years in prison for his role in a fraudulent cryptocurrency scheme. The scheme, known as the OneCoin cryptocurrency fraud, involved the laundering of $400 million. The Manhattan federal prosecutors successfully convicted Scott of conspiracy
In the ever-evolving world of cryptocurrencies, one project stands out for its bold vision and sustainable focus. Meet eTuktuk, a groundbreaking startup that aims to revolutionize urban transportation in developing countries. By transitioning from polluting gas engines to eco-friendly electric vehicles, eTuktuk plans to reduce the carbon footprint of the popular auto rickshaws, known locally
The recent announcement of the US government’s plans to offload a significant portion of its Bitcoin (BTC) holdings has sparked concerns within the crypto community. The move is seen as potentially adding more selling pressure to an already fragile crypto market. The Department of Justice (DOJ) has indicated its intention to dispose of over $130
Ethereum, the second-largest cryptocurrency by market capitalization, is poised for a potential bullish phase according to Michael van de Poppe, a prominent crypto analyst. One of the key factors he identifies is Bitcoin’s current behavior. As the market leader, Bitcoin’s recent signs of bottoming out tend to precede altcoin rallies, which hints at a potential
In the world of cryptocurrencies, Cardano (ADA) stands out from its contenders due to its unique approach that emphasizes “academic rigor” and “research-driven development,” as highlighted in a recent video from the crypto-based YouTube channel Cheeky Crypto. Unlike many other blockchain platforms, Cardano has developed its proof-of-stake (PoS) blockchain platform using a methodical and evidence-driven
The future of web3 social media platforms is a topic that has gained significant attention in recent years. With the increasing popularity and adoption of cryptocurrencies, blockchain-powered social media networks are steadily emerging as the next big thing in digital networking. But what does web3 social media really mean? How does it differentiate itself from
Changpeng Zhao, also known as CZ, is the founder of Binance, one of the most prominent cryptocurrency exchanges in the world. However, CZ’s journey has been filled with setbacks and legal challenges. In this article, we will delve into the recent obstacles faced by CZ, including his failed attempt to travel to the United Arab
The ever-increasing levels of greenhouse gas emissions have become a pressing global concern, as they continue to fuel the ongoing climate crisis that brings death and devastation worldwide. Recent data from the National Oceanic and Atmospheric Administration (NOAA) has revealed that carbon dioxide, methane, and nitrous oxide levels in the atmosphere have reached all-time highs