The appointment of David O. Sacks, previously the Chief Operating Officer at PayPal, as Donald Trump’s “czar” for artificial intelligence (AI) and cryptocurrency is a watershed moment in U.S. economic and digital policy. Such a decision reflects a strategic shift toward embracing innovation while wrestling with the intricacies of regulating an increasingly influential tech sector.
Crypto
In a day that felt more like a scene from a financial thriller than a reality, Bitcoin experienced a meteoric rise and a subsequent fall that left investors on edge. Initially, the cryptocurrency soared past the significant threshold of $100,000, clocking in at a new all-time high exceeding $104,000. This remarkable climb was spurred on
The Tron blockchain is gaining remarkable traction in the decentralized finance (DeFi) arena, demonstrating its vitality amidst a resurgent market landscape. As of December 4, the total value locked (TVL) in Tron surged to an astounding $36.2 billion, a feat that establishes a new all-time high for the platform. This significant increase is a strong
In the ever-evolving world of cryptocurrency investments, the launch of BlackRock’s iShares Bitcoin Trust (IBIT) on January 11 marked a significant milestone for both the firm and the Bitcoin market. IBIT has demonstrated an astonishing capability to attract investments, becoming the fastest exchange-traded fund (ETF) in history to amass an awe-inspiring $50 billion in assets
As cryptocurrencies continue to captivate global attention, Bitcoin often takes center stage with its price fluctuations and market dominance. However, while Bitcoin’s journey toward the elusive $100,000 mark remains challenged, several altcoins have emerged as formidable contenders, marking impressive gains. Leading this invigorating wave is Binance Coin (BNB), which has recently reclaimed the spotlight with
In a stunning turn of events, Bitcoin has surged to an unprecedented price of $103,630 during the early trading hours in Asia on December 5. The cryptocurrency experienced a dramatic increase of more than 7% within just 12 hours, rebounding sharply from a low of approximately $95,000. This latest advancement not only signifies a 140%
In a significant move that has sent ripples through the cryptocurrency mining community, Foundry Digital announced a 27% reduction in its workforce, impacting 74 employees. This decision is emblematic of a broader strategy to pivot towards core operations that focus on enhancing its prominence within the Bitcoin mining sector. Such layoffs are not just a
The recent movement of seized cryptocurrency assets by the U.S. government has stirred considerable interest and speculation within the digital asset ecosystem. This activity, particularly involving significant amounts of Ethereum (ETH), Binance USD (BUSD), and other altcoins, raises important questions about the future of cryptocurrency markets and regulatory practices. As the government reallocates seized assets,
Pi Network, hailed for its ambitious vision of democratizing cryptocurrency mining through smartphones, marked a significant milestone on September 4, celebrating 2,000 days since its launch on March 14, 2019. Despite the project gathering momentum with over 14 million users having completed their KYC verification, the elusive mainnet and native token remain unavailable to the
In a significant legal statement, a Russian court has imposed life imprisonment on Stanislav Moiseev, the alleged ringleader of the infamous dark web drug marketplace known as Hydra. Alongside this severe penalty, he and his associates face steep fines that total over four million rubles, approximately equivalent to $37,500. This decision is part of a