In the last few days, the Bitcoin price has shown significant upward movement, surpassing the $50,000 mark for the first time in years. Nonetheless, a well-known crypto analyst on the X platform has raised concerns about potential bearish pressure in the near future. According to the analyst, investors should be prepared for a correction in
As the Bitcoin industry eagerly anticipates the arrival of a Bitcoin ETF, there is a growing concern that the custody of these assets may fall into the hands of traditional financial institutions like Goldman Sachs and JPMorgan. This shift towards institutional custodianship represents a departure from the original ethos of Bitcoin, which aimed to eliminate
Recently, US prosecutors filed a sentencing memo asking a federal judge to approve the plea deal involving Binance and its former CEO, Changpeng Zhao (CZ). The plea deal, which took place in November 2023, involved charges of money laundering and sanctions violations. This agreement required Binance to pay a staggering $4.3 billion in criminal penalties,
In anticipation of the fourth halving in just a couple of months, miners are ramping up their operations on the Bitcoin blockchain. The mining difficulty metric spiked by over 8% recently, reaching a new record high. This metric is crucial for maintaining the block production ratio and adjusts every 2,016 blocks based on the mining
Cardano’s price recently broke through the $0.61 resistance level on February 16, indicating a positive trend in the cryptocurrency market. This surge in price can be attributed to the substantial inflow of capital into the Layer-1 altcoin sector, making ADA one of the best-performing mega-cap crypto assets of the week. Despite this bullish momentum, the
VeChain, an enterprise-oriented layer-1 solution, has experienced a significant price surge recently. The surge in VeChain price coincides with an increase in community sentiment, driven by anticipation for a major update expected to be released at the Mobile World Congress in Barcelona. Currently, VeChain is trading at a market price of $0.048, representing a 24-hour
The US Security and Exchange Commission’s (SEC) Office of Inspector General (OIG) is currently conducting an investigation into cryptocurrency-related financial conflicts of interest. This investigation was initiated after Empower Oversight raised concerns regarding failures in the SEC’s Ethics Office, specifically involving a former official named William Hinman. Hinman is accused of engaging in matters where
Exverse, a free-to-play Web3 game, has managed to raise an impressive $3 million in a recent private funding round. The focus of Exverse is to breathe new life into the AAA first-person-shooter genre by leveraging Web3 technology. The team behind Exverse aims to rectify the shortcomings they observed in early Web3 gaming models and deliver
Cryptocurrency enthusiasts and investors gathered at the Exchange ETF conference in Miami Beach to discuss the future of spot Bitcoin ETFs and their integration within diversified portfolios. During the conference, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, and Ric Edelman, founder of the Digital Assets Council of Financial Professionals, engaged in a discussion
Ethereum (ETH), currently the second-largest cryptocurrency globally, is making significant progress this week as it inches closer to the highly anticipated $3,000 mark. This bullish momentum has sparked speculation among experts, wondering if ETH could potentially reach an impressive $4,000 by the end of February. One of the factors contributing to this positive sentiment is