Bitcoin had a rollercoaster week, experiencing both gains and losses driven by hype surrounding the approval of spot Ethereum ETFs in the United States. The week started off with Bitcoin struggling to maintain its value above $66,000, slipping beneath this level on multiple occasions. However, the highlight of the week came on Monday when news
Crypto
The cryptocurrency market has been experiencing a concerning trend with the emergence of tokens launching with high valuations and limited initial circulating supply. This practice has raised questions about the sustainability of potential gains for traders following the token generation event (TGE). Recent research from Binance has shed light on this issue, revealing a growing
A recent incident has shed light on the illegal activities taking place on the dark web. A Taiwanese national, Rui-Siang Lin, has been accused of running a darknet drug marketplace called Incognito Market. This platform has facilitated transactions amounting to over $100 million in cryptocurrencies by selling dangerous substances like fentanyl. Lin, operating under the
Recently, OKX announced that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. This decision was made in compliance with regulatory requirements, with the exchange citing the withdrawal of its virtual asset service provider (VASP) license application as the reason behind this move. Despite stating that
The world bid goodbye to a beloved icon on May 24, as Kabosu, the Shiba Inu known for her role as the face of the famous “Doge” meme, passed away at the age of 18. Kabosu’s owner, Atsuko Sato, a Japanese kindergarten teacher, confirmed the news on Instagram, sharing that the dog had reached the
A recent development in the world of cryptocurrency has left many scratching their heads as bankrupt exchange FTX concluded the sale of $2.6 billion worth of discounted Solana tokens. The buyers of these SOL tokens included Figure Markets and Pantera Capital, who managed to secure the final troves of tokens after weeks of auctions. The
In a unanimous decision on Thursday, the U.S. Supreme Court ruled against Coinbase Inc. in an arbitration dispute stemming from the exchange’s 2021 Dogecoin sweepstakes. The ruling clarified the importance of determining which legal agreement takes precedence when parties are governed by multiple contracts. Justice Jackson emphasized that the question of whether parties agreed to
Recently, the United States House of Representatives made a significant decision regarding Central Bank Digital Currencies (CBDCs) by voting in favor of a bill that would prevent the Federal Reserve from directly issuing a CBDC to its citizens. This decision has stirred up debates and discussions within the online crypto community and among legislators. The
The recent announcement by the Trump campaign to accept cryptocurrency donations marks a significant shift in the political landscape. This move is seen as a reflection of Trump’s stance on valuing “freedom over socialistic government control.” By embracing cryptocurrency, the campaign is tapping into a new form of fundraising that goes beyond traditional methods. The
Peter Schiff, a well-known gold bug, has once again voiced his skepticism towards Bitcoin, this time cautioning investors about the potential negative impact a greenlight from the US Securities and Exchange Commission for spot Ethereum ETFs could have on the leading cryptocurrency. The cryptocurrency industry saw a surge of excitement this year with the approval