David Hirsch, the SEC crypto asset enforcement chief, recently announced his departure from the agency after nearly nine years of service. During his tenure, Hirsch led the Crypto Assets and Cyber Unit team within the Division of Enforcement, overseeing a significant number of crypto-related cases. His leadership was marked by a commitment to upholding the
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The fallout from the collapse of FTX has sparked a new legal battle over the millions of dollars in assets seized from Sam Bankman-Fried (SBF), the former CEO now serving a 24-year prison sentence. Multiple parties are vying for control of these assets, which range from airplanes to shares of Robinhood stock once owned by
Shiba Inu’s layer-2 scaling solution, Shibarium, has been garnering attention for its recent surge in one key indicator – the number of new accounts on the network. This indicator skyrocketed by over 860%, from just 16 to 154 within a day, hinting at a potential increase in interest and activity within the protocol. This surge
The Ethereum Foundation recently made a significant transaction involving millions of ETH tokens, sparking interest and concern within the crypto community. The transfer of 18,089 ETH, worth a staggering $64.4 million, to a new address has raised questions about the Foundation’s intentions. With a history of selling tokens at the peak, many are speculating on
Liquid staking and the concept of liquid restaking have become significant topics in the cryptocurrency space over the past year. One platform that has been generating interest in this area is Lista DAO, which is introducing an open-source liquidity protocol designed to earn yield on collateralized cryptocurrencies like BNB, ETH, stablecoins, and other assets. The
Bitcoin has been facing a downward trend in recent days, causing concern among investors. However, some analysts are starting to see faint bullish signals that could hint at a potential market reversal. One such indicator is the Bitcoin Taker Buy Sell Ratio, which tracks the balance between buy and sell orders on exchanges. While the
SnakeTON, an innovative Web3 survival GameFi built on the TON platform, has been making waves within the Telegram app, leveraging its massive 900-million user base. This groundbreaking game allows players to control snakes in various game modes, aiming to become the fastest and largest snake through strategic movements, skill upgrades, and equipment enhancements. In the
During the annual Consensus conference in Austin, Bitwise, a U.S. spot Bitcoin ETF issuer, made a bold prediction. The company suggested that the combined forces of the cryptocurrency industry and artificial intelligence (AI) could inject a staggering $20 trillion into the global GDP by the year 2030. This forecast sparked discussions among industry leaders about
The report released by Coinbase earlier this week highlighted a concerning trend of declining crypto talent in the US. According to the report, there has been a significant decrease in the number of US-based crypto developers, down by 14 points over the past five years to just 26% today. This decline in talent is seen
Recent events in the ongoing dispute between Nigeria and Binance have taken a new turn. The Federal Inland Revenue Service (FIRS) of Nigeria has decided to drop tax evasion charges against Tigran Gambaryan, the head of financial crime compliance at Binance, and Nadeem Anjarwalla, the exchange’s director for Africa operations. The saga began in late
Bitcoin has experienced a drop to a monthly low of $65,000, causing a stir among analysts and investors. Despite the recent dip, the bigger picture reveals that the cryptocurrency has been consolidating since early March. This period of relative stability is unusual for Bitcoin, with the 30-day price range showing minimal fluctuation. Analysts are divided
Bitcoin (BTC) has experienced a 4.5% decline in the past week, reaching a monthly low of $65,000. This drop in the digital currency’s value has been attributed to a surge in selling from mining entities. In a recent report by CryptoQuant, analysts pointed out that the number of BTC transferred from Bitcoin mining entities to
In May, KuCoin exchange’s research arm released a report on the performance of cryptocurrencies, indicating that there was a notable decrease in new investments compared to April. The report highlighted that institutional investors showed a preference for Ethereum and EVM-focused platforms during this period. During the month of May, the crypto industry witnessed the public
Ripple, a prominent player in the cryptocurrency industry, has recently announced its plans to launch a stablecoin known as Ripple USD (RLUSD) in 2024. This stablecoin is set to be available on both the XRP Ledger and Ethereum platforms, aiming to act as a bridge between traditional finance and the crypto industry. Despite the potential
Recent findings by blockchain intelligence firm TRM Labs have shed light on the alarming trend of cryptocurrency deposits into crypto addresses associated with Chinese drug precursor manufacturers. The data revealed a significant surge in cryptocurrency deposits in the first four months of 2024 compared to the same period in 2023. According to TRM Labs, Chinese
Bitcoin has been facing a rough week, with a 4.65% decline in its market price over the past seven days. Crypto analyst Ali Martinez has issued a warning that Bitcoin could be headed for further losses if it fails to break above the $66,254 mark. Based on the UTXO Realized Price Distribution (URPD) chart from
Throughout history, the evolution of currency has played a significant role in shaping human societies. From bartering to standardized coins and paper money, currencies have been crucial in organizing and advancing civilizations. However, recent decades have witnessed a shift where many regions have faced financial turmoil, raising questions about the loss of control over our
This week, Ethereum experienced a loss of 4.4%, resulting in a decline in bullish momentum. The price of the cryptocurrency dropped to the key support level of $3,500 as sellers took control of the market. However, this pullback could potentially be a normal retest following the significant breakout that occurred after the ETF confirmation. It
The conversation surrounding when the Spot Ethereum ETFs will finally begin trading has been gaining momentum. Bloomberg analysts Eric Balchunas and James Seyffart have shared their insights on the potential launch date for these funds. Balchunas recently stated on social media that they are now looking at July 2 as the “over/under date” for the
Bitcoin, the leading cryptocurrency, has been a subject of great interest and speculation among investors. Despite recent struggles to stay above the all-time high of $73,000, Bernstein, a well-known brokerage firm, remains bullish on the future trajectory of Bitcoin. In a recent report, analysts at Bernstein revised their long-term price forecast for BTC to $200,000
Bitcoin has experienced a significant amount of selling pressure in the past week, leading to a decline in its value. According to data from CoinGecko, the premier cryptocurrency has dropped by nearly 5% over the past seven days, reaching its lowest level in almost a month on June 14th. A recent post by crypto analyst
Bitcoin has been on a rollercoaster ride in the past few days, with its price plummeting to $65,000, only to quickly recover to $70,000 before dropping again. The volatility in its price has caused over $200 million worth of liquidations from traders in the past 24 hours. Despite bouncing back slightly, Bitcoin is still down
Cardano’s recent partnership with Entre Ríos in Argentina has been touted as a significant development that could potentially propel the price of ADA to $3. The initiative aims to promote blockchain adoption in Argentina and open up new market opportunities for Cardano. While this partnership may seem promising on the surface, it remains to be
Asset tokenization, particularly the tokenization of securities, has been recognized by SEC commissioner Mark Uyeda as having significant potential benefits. According to Uyeda, representing asset rights with a digital token on a blockchain can offer enhanced security, transparency, and immutability. Moreover, he pointed out that tokenization eliminates the need for intermediaries, which can streamline transactions
Recently, Ethereum has experienced a significant number of large withdrawals from centralized exchanges, indicating that crypto whales are anticipating a price recovery. The amount of ETH held on these exchanges has plummeted to its lowest level since 2016. Ash Crypto, a prominent crypto analyst, highlighted this trend on social media, pointing out the surge in
The recent announcement by the New York Attorney General’s office regarding the settlement with Gemini has sent shockwaves through the cryptocurrency community. The recovery of $50 million for users of the defunct Gemini Earn program comes after legal charges were filed against the exchange. This entire ordeal has raised serious questions about Gemini’s practices and
Ethereum has experienced a significant drop in price, losing about 15% since March 2024. However, on-chain data suggests that there is a bullish case for the cryptocurrency. Analysts have noted a spike in demand for ETH, especially from permanent holders, who are likely institutional investors with more substantial financial resources. These holders are not easily