The Digital Chamber (TDC) recently made a call to Congress to pass legislation that would categorize certain non-fungible tokens (NFTs) as consumer goods and not subject them to federal securities laws. The argument put forth by TDC is that NFTs created for personal use, such as digital art, collectibles, and video game assets, should not
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Bitcoin’s recent surge from a daily low of $53,600 to just over $58,000 has left the community speculating about the reasons behind this impressive performance. One key factor that has been identified is the impact of the US spot Bitcoin ETFs. Since their inception in mid-January this year, these ETFs have been influencing the price
In the volatile world of cryptocurrency, predictions for the future price of Bitcoin can vary greatly. Following a recent crash, many have been speculating whether Bitcoin can reach a new all-time high. While some remain bearish, there are analysts who hold a more bullish outlook for the pioneer cryptocurrency. Analysts at Bernstein have predicted that
The US Securities and Exchange Commission’s (SEC) Commissioner Hester Peirce has recently voiced her ongoing concerns regarding the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). This comes in response to a speech given by SEC Chief Accountant Paul Munter on Sept. 9, where he reiterated the Commission’s unwavering stance on SAB 121. Munter emphasized
Samuel Edyme, affectionately known as HIM-buktu in the digital space, is not your typical web3 content writer and aspiring trader. His journey into the crypto universe did not begin with a triumphant investment, but rather with a scam that roped him in. This Ponzi scheme, which used crypto as payment, served as his initiation into
In recent months, the Cardano (ADA) ecosystem witnessed significant growth across various key metrics. Despite the bearish market sentiment that impacted ADA’s price, the Cardano Foundation reported an uptick in investor activity and blockchain usage. Smart contract transactions surged by 31%, while metadata transactions (excluding smart contracts) grew by 20%. However, simple transactions faced a
WatBird, a new game developed by Gamee, is making waves in the mobile gaming industry by venturing into the world of blockchain gaming. The game, particularly Wat Racer, has been designed to bridge the gap between casual gaming and blockchain technology, serving as an entry point for gamers into the Web3 universe. With three million
The US Securities and Exchange Commission (SEC) has been increasing its regulatory efforts in the crypto sector, imposing significant fines on companies and individuals for violations of securities regulations. In 2024 alone, the SEC levied a total of $4.68 billion in fines against crypto companies, marking a sharp increase from previous years. Rise in Regulatory
In a recent report by research firm Kaiko, it was revealed that Coinbase, the leading cryptocurrency exchange in the US, has experienced a significant decline in market share. What was once a dominating force in the industry, with over half of the market share earlier this year, has now dwindled to just 41% in early
Grant Thornton, a leading global auditor, recently conducted a comprehensive review of Liminal’s infrastructure in response to a hack on WazirX’s systems. The audit found no evidence of compromise in Liminal’s frontend, backend, or user interface. This is reassuring news for Liminal and its clients, as the platform offers self-custody wallet services where private keys
Despite its widespread popularity, Ethereum continues to underperform compared to other top cryptocurrencies by market cap. Investors are experiencing losses as the price of ETH continues to drop. There is a looming threat of the price falling below $2,000 if the bearish trend persists. Falling Wedge Pattern One glimmer of hope for Ethereum is the
Bitcoin (BTC) faced significant price weaknesses over the weekend after the release of August nonfarm payrolls (NFP) data, which failed to meet analysts’ expectations. Following the NFP data release, BTC experienced a sharp decline of almost 5%, dropping below the $54,000 range, reaching its lowest level since early August. This price weakness also had a
Friend.tech recently made a controversial decision to relinquish control of its smart contracts and transfer ownership to Ethereum’s null address. This move had immediate and lasting effects on the platform’s ecosystem, particularly on the value of the FRIEND token. Prior to this decision, Friend.tech was already facing challenges such as stagnation in user growth and
The Bitcoin Rainbow Chart has been a point of focus for crypto analyst Daan Crypto, providing valuable insights into the current price action of the leading cryptocurrency. Daan Crypto emphasized the importance of Bitcoin holding above the $60,000 mark to initiate a bullish reversal in the market. According to the analyst, breaking above $60,000 is
The United States Federal Bureau of Investigation (FBI) has recently issued a warning to the public regarding aggressive attacks from North Korean hackers targeting the crypto industry and companies associated with digital asset investment products. These attacks are not just simple breaches, but rather sophisticated social engineering tactics that pose a significant threat even to
Ethereum, once hailed as the platform for decentralized applications and smart contracts, has been struggling in comparison to Bitcoin since undergoing the Merge two years ago. Its performance has taken a hit, losing its reputation as ultra-sound money and teetering on the edge of undervaluation. One of the major drivers of Ethereum’s underperformance, as identified
Bitcoin’s market price has recently experienced a significant decline to its lowest point since the early August sell-off. The price plummeted below $50,000 for the first time since the approval of spot Bitcoin ETFs in the US, signaling a shift in market sentiment. Despite a previous recovery where BTC surged to $65,000, it appears that
Cardano (ADA) has been experiencing a period of uncertainty in the market, with the price hovering just below a critical resistance level at $0.33. Despite this, on-chain data suggests that some investors view this as a potential buying opportunity, indicating growing optimism for a market recovery in the near future. The Exchange On-chain Market Depth
Bitcoin experienced a significant drop in price on Friday, only to somewhat recover on Saturday. Despite this recovery, the cryptocurrency has been hovering above $54,000. The journey to this point has been tumultuous, with bitcoin reaching close to $60,000 on Tuesday before heading south rapidly. After a series of highs and lows, including a spike
Recently, in a groundbreaking case in Scotland, a significant amount of cryptocurrency, amounting to approximately £110,000, was confiscated from a 29-year-old man named John Ross Rennie. This case is particularly notable as it is the first instance where proceeds of crime legislation have been utilized to seize cryptocurrency and convert it into physical cash. The
The recent cease-and-desist order issued by the U.S. Federal Reserve against United Texas Bank (UTB) sheds light on the regulatory challenges faced by financial institutions catering to cryptocurrency companies. The central bank raised concerns about significant deficiencies in UTB’s governance, particularly in its compliance with anti-money laundering (AML) laws and risk management related to virtual
Cryptocurrency, a volatile and ever-evolving realm, has captured the attention of many enthusiasts and professionals alike. Among them is Opeyemi, a proficient writer who embarked on a journey into the world of digital assets over two years ago. Despite not initially choosing the digital asset industry, Opeyemi found himself deeply immersed in the intricacies of
Ethereum, one of the leading cryptocurrencies in the market, has been facing a significant downturn recently. This bearish trend can be attributed to several factors, including a pullback to the lower boundary of a broken wedge pattern and the formation of a death cross. These signs have instilled fear and uncertainty among investors, leading to
In the ever-volatile world of cryptocurrency, one trend remains unwavering – the presence of large investors known as whales. Despite the unpredictable nature of the market, data intelligence firm Santiment has identified a surge in whale activity within certain crypto projects. These whales, defined as investors conducting transactions valued at $100,000 or more, have significantly
Ethereum (ETH) is currently facing significant selling pressure and fear after a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of ETH compared to Bitcoin, a trend that has persisted since September 2022. Since then, Ethereum has fallen 44% against Bitcoin. This dramatic
The recent market crash in the Bitcoin and crypto space has left many investors feeling uncertain. The Fear & Greed Index, a key indicator of market sentiment, has dropped into the Extreme Fear territory. This suggests that investors are hesitant to enter the market, which could potentially lead to a positive outcome. The Fear &
Recent developments in the crypto market have shown that Ethereum is currently in oversold territory. This could potentially be a bullish sign for the second-largest cryptocurrency by market cap. According to crypto analyst Titan of Crypto, Ethereum is poised for a price rally that could push its value as high as $6,000. Historically, Ethereum has