The year 2024 has brought significant turbulence to the world of Bitcoin. From the approval of spot Bitcoin exchange-traded funds (ETFs) by the SEC to a decline in price and selloffs by the Grayscale BTC Trust, the cryptocurrency market has been abuzz with activity. Amidst these developments, on-chain data has revealed an intriguing sentiment of
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In today’s digital landscape, scams and exploitations have become all too common. Even companies that specialize in security, such as CertiK, are not immune to these threats. CertiK, a renowned security firm focused on blockchain, smart contract, and Web3 security, is facing a myriad of challenges beyond its core focus of auditing. Scammers have specifically
The recent surge in Bitcoin’s price, surpassing $42,000, has been attributed to various factors, one of which is the release of the personal income expenditures (PCE) price index. This key inflation indicator, reported on January 26, revealed that inflation in the United States was lower than expected. Consequently, experts predict that the Federal Reserve may
In a recent speech delivered by CFTC Chair Rostin Behnam, he emphasized the need for regulators to increase their efforts in supervising the burgeoning cryptocurrency industry. Despite the recent approval of Bitcoin ETFs, Behnam made it clear that this does not imply comprehensive regulation in the sector. His address shed light on the current state
In a potential move that could have significant implications for the Ethereum (ETH) market, on-chain analyst Lookonchain reports a massive transfer of 459,561 ETH, estimated to be worth approximately $1.014 billion, by Celsius, a bankrupt crypto lender. The distribution of this substantial amount of ETH includes sending 297,454 ETH ($656.5 million) to Coinbase Prime, 146,507
In a shocking turn of events, Mark Scott, a former partner at a prestigious U.S. law firm, Locke Lord, has been sentenced to 10 years in prison for his role in a massive $400 million cryptocurrency scheme. Manhattan federal prosecutors revealed that Scott was found guilty of conspiracy to commit money laundering and conspiracy to
The US government recently announced its intention to offload a significant portion of its Bitcoin holdings, causing alarm within the crypto community. This move could potentially add more selling pressure to an already vulnerable crypto market. The Department of Justice (DOJ) revealed its plans to dispose of over $130 million worth of Bitcoin, which were
In a world grappling with the challenges of climate change, the emergence of sustainable solutions is crucial. eTuktuk, a groundbreaking cryptocurrency project, has garnered significant attention in its presale phase by focusing on eco-friendly transportation solutions. This startup has managed to raise an impressive $550,000 from investors through the sale of its native token, TUK,
In the volatile world of cryptocurrencies, Ethereum, the second-largest crypto by market capitalization, is showing signs of a potential bullish phase. Prominent crypto analyst Michael van de Poppe has outlined three key factors that could contribute to this upswing. While Bitcoin’s behavior and the anticipation surrounding spot Ethereum exchange-traded funds (ETFs) play significant roles, Ethereum’s
Cardano (ADA), a blockchain platform, stands out from its competitors due to its distinctive approach, as emphasized in a recent video by the crypto-based YouTube channel Cheeky Crypto. The host highlights Cardano’s reliance on “academic rigor” and “research-driven development,” setting it apart in the cryptocurrency space. The host identifies Cardano’s core use cases, defining it
In a recent prediction, crypto analyst Elja on X suggests that Ethereum (ETH) will surge to a staggering $15,000 by 2025 based on technical analysis. While this may be a bold claim, it is important to critically analyze the argument presented and consider the current market conditions. Elja argues that the current bearish sentiment in
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 exactly is web3 social media? How does it differ from traditional social
The Cardano network has once again defied expectations and silenced its doubters. Recent data from Cardano Blockchain Insights reveals a significant increase in the usage of Cardano’s Plutus V1 and V2 scripts. As of January 22nd, a remarkable 24,050 smart contracts have been executed using these Plutus scripts. This surge in usage is even more
Last month, Changpeng Zhao (CZ), the founder of the popular cryptocurrency exchange Binance, faced a setback when a federal judge denied his request to travel to the United Arab Emirates (UAE). This decision came after CZ proposed using his substantial $4.5 billion stake in Binance as collateral, based on the company’s valuation from its last
The continuous and alarming increase in greenhouse gas emissions is an undeniable sign of the ongoing climate crisis that is wreaking havoc worldwide. According to recent data from the National Oceanic and Atmospheric Administration (NOAA), the levels of carbon dioxide, methane, and nitrous oxide in the atmosphere have reached new record highs in 2022. It
Despite the Chinese government’s ban on Bitcoin since 2021, Chinese investors have remained resolute in their pursuit of this digital asset. This unwavering interest is highlighted by the recent report from Reuters, which sheds light on the increasing investment flow from Chinese capital into Bitcoin. An Astute Strategy to Evade Regulatory Scrutiny One prime example
In the midst of the current turbulence in the market, the Bitcoin Fear & Greed Index has been witnessing a steep decline. This decline has led to the index hitting its lowest level in over three months, as crypto investors become increasingly fearful and choose to hold onto their investments rather than participate in the
Japan has long been admired for its technologically advanced society and forward-thinking approach. In recent years, the country has taken significant steps towards embracing and promoting blockchain technology through its Web3 policies. Japanese lawmakers, Masaaki Taira and Hideto Kawasaki, have recognized the significance and potential impact of Web3 and have expressed their intent to formulate
In recent news, a sophisticated phishing attack targeted several web3 companies, resulting in the loss of funds from thousands of crypto wallets. This alarming incident serves as a reminder of the importance of staying vigilant and implementing strong security measures in the cryptocurrency industry. On January 23, users of Wallet Connect and other web3 companies
Bitcoin miner Core Scientific has recently completed a successful reorganization, resulting in an improved financial position for the company. As a result, Core Scientific is planning to initiate the listing of its common stock and warrants on the Nasdaq Global Select Market, starting from January 24, 2024. Core Scientific’s reorganization plan has led to a
In the realm of environmentally conscious cryptocurrencies, eTuktuk stands tall as a groundbreaking project focused on sustainable urban transportation in developing nations. By combining electric vehicles, blockchain technology, and a sharing economy model, eTuktuk aims to mitigate the negative environmental impact caused by traditional auto rickshaws, commonly known as tuk-tuks. The prevalent use of polluting
Bitcoin’s recent decline of approximately 20% from its year-to-date high has prompted the need to take a broader view of the overall market. To gain a better understanding, we will analyze the performance of various tokens listed in the Coinbase and Binance lawsuits, both defending their positions in U.S. courts. The main point of contention
The gaming community is abuzz with excitement as Endless Clouds, a renowned game studio known for its innovative titles, partners with Immutable to launch two highly anticipated games, Treeverse and Capsule Heroes, on Immutable’s zkEVM blockchain. These games are set to redefine the gaming experience by incorporating non-fungible tokens (NFTs) and emphasizing player ownership. Treeverse
The IRS recently issued a reminder to taxpayers regarding the reporting of digital asset-related income. This serves as a reminder to individuals and businesses to carefully consider their digital asset transactions when filing their tax returns. The inclusion of this reminder on various tax forms signals the IRS’s heightened focus on digital assets and their
In a recent disclosure, the Securities and Exchange Commission (SEC) revealed that multi-factor authentication (MFA) on its X account was disabled, leading to a false post about the approval of spot Bitcoin exchange-traded funds. The incident took place on Tuesday, January 9, 2024, when the SEC’s @SECGov X account was compromised. Unauthorized posts regarding the
An Ethereum (ETH) whale has recently executed a series of transactions, carrying out a considerable movement of funds across various platforms. The blockchain analytics platform Spot On Chain initially brought to light this activity, involving roughly $46.02 million in ETH tokens. The whale, operating through a network of eight wallets, initiated the withdrawal of these
The approval of a spot Ethereum ETF has been a topic of discussion and speculation among investors and industry insiders. While there are varying expectations and opinions on the matter, it seems that the U.S. Securities and Exchange Commission (SEC) is currently hesitant to approve such an ETF. In this article, we will analyze the