JPMorgan CEO Jamie Dimon has recently come under fire for his critical remarks about Bitcoin and cryptocurrency. Dimon claimed that the “only true use case” for Bitcoin is to facilitate crime such as money laundering and tax avoidance. However, many in the crypto community have been quick to point out the hypocrisy of his statements,
Altcoins
In a surprising turn of events, a recent lawsuit filed by the Securities and Exchange Commission (SEC) against DEBT Box has taken a dramatic twist. The defendants, including DEBT Box itself, have moved to have the case dismissed after the court found that the SEC had misled the judge in order to secure a temporary
The cryptocurrency market has been witnessing a significant surge in investor interest, with Bitcoin-related investment products emerging as the primary beneficiary. This surge comes amidst growing anticipation of the approval of a spot Bitcoin ETF in the United States. According to a report by CoinShares’ head of research James Butterfill, a staggering $1.76 billion in
The cryptocurrency market is known for its volatility, with prices rising and falling dramatically over short periods of time. Understanding the market cycle theory can help investors navigate this unpredictable landscape. According to this theory, crypto bull markets occur approximately every four years, following Bitcoin halving events. During these events, the supply of new Bitcoins
Chainlink (LINK) has experienced a remarkable rebound, surging by over 240% from its yearly low of around $4.70 in June 2023. The cryptocurrency’s price has been consolidating within an ascending triangle pattern since November 2023, indicating a potential bullish continuation in the near future. Ascending triangles are considered bullish patterns when formed during an uptrend.
Cryptocurrency markets have become increasingly susceptible to market manipulation, which involves the deliberate use of deceptive strategies to artificially influence the price of cryptocurrencies. It is crucial for investors and authorities to be aware of the signs and tactics employed by manipulators in order to protect the integrity of the market. Identifying Signs of Manipulation
The world of cryptocurrency continues to be shrouded in controversy and uncertainty. A recent investigation by Spot On Chain, a blockchain analysis firm, has revealed that wallets linked to defunct crypto trading firms FTX and Alameda Research have been on the move. These wallets transferred a staggering $10.8 million across various popular cryptocurrency exchanges such
The bankruptcy court in Delaware has given permission to bankrupt cryptocurrency exchange FTX to sell approximately $873 million worth of trust assets. This move aims to repay creditors who suffered from the collapse of the exchange in 2022. The assets include FTX’s stakes in trusts managed by Grayscale Investments and custody service provider Bitwise, valued
The individual responsible for the $46 million cryptocurrency theft from KyberSwap has issued a warning to the exchange’s executives, tokenholders, and liquidity providers. In an on-chain message, the exploiter demanded that the hostilities subside before negotiations could proceed. They threatened to postpone any potential treaty announcement until all parties involved can engage in a more
With the increasing hype surrounding blockchain projects harnessing artificial intelligence (AI), it is crucial to differentiate between genuine use cases and mere speculative coins. In this article, we will explore some of the key applications of AI in the crypto and blockchain industry, while critically examining the limitations and challenges that must be addressed. Decentralized
Circle, the stablecoin issuer of USD Coin (USDC), has partnered with SBI Holdings, a Tokyo-based financial services firm, to accelerate the adoption of USDC and Web3 services in Japan. The collaboration was formalized through a memorandum of understanding (MOU) signed on November 27. This agreement sets the foundation for the strategic expansion of USDC into
XRP (XRP) price may rally over 20% in the coming weeks thanks to a classic bullish continuation setup. The bull flag pattern develops when the price consolidates inside a parallel channel after a strong uptrend. It resolves after the price breaks above the upper trendline with convincing volumes and rises by as much as the
In a shocking turn of events, the director of Netflix’s sci-fi series “Conquest,” Carl Erik Rinsch, reportedly used a substantial portion of the show’s budget to bet on Dogecoin (DOGE) and made an astonishing $27 million in the process. The New York Times recently revealed, through a confidential arbitration proceeding, that Rinsch is now demanding
Bitcoin’s market dominance has long been considered a crucial indicator of its strength in the cryptocurrency market. Currently, this metric sits at a multi-year high above 51%. However, a closer examination reveals that the concept of “Bitcoin dominance” may not be as informative as it appears, particularly when considering the broader dynamics of the cryptocurrency
The Fantom Foundation, a nonprofit organization dedicated to developing the Fantom blockchain platform, has recently faced significant challenges. In October, the foundation experienced a hot wallet hack that led to the loss of $550,000. However, the organization’s swift response and commitment to security helped them mitigate the situation and eliminate a major vulnerability associated with
Atomic Wallet, the company at the center of a $100-million hack, has filed a dismissal motion in a United States court, urging the court to reject the class action suit seeking damages. The firm argues that the claims should have been filed in Estonia, where it is based, rather than in the US. According to
It has been a year since the collapse of the FTX exchange, an event that had a profound impact on the cryptocurrency market. The collapse saw nearly $300 billion wiped off the market cap, affecting several cryptocurrencies. However, as time has passed, we can now observe the recovery and growth of certain cryptocurrencies that were
Yearn.Finance’s governance token (YFI) experienced a sudden and significant decline of over 43% within a mere five-hour span on November 18th. This steep drop came shortly after the token had surged by nearly 170% earlier in the month, raising concerns among investors about the possibility of an exit scam. The market capitalization took a major
The decentralized finance (DeFi) market has undoubtedly been one of the most intriguing and unpredictable sectors within the crypto industry. While Bitcoin (BTC) continues to dominate the headlines, the DeFi sector has experienced significant growth and volatility in recent times. In 2020, the total value locked (TVL) in DeFi protocols skyrocketed from $1 billion to
The New York State Department of Financial Services (NYDFS) has recently implemented stricter guidelines for firms listing and delisting cryptocurrencies in order to better safeguard the interests of investors. These new measures, unveiled on November 15, require crypto companies to submit their coin listing and delisting policies for NYDFS approval. The purpose of these guidelines
Altcoins have been making substantial gains in recent weeks, with Bitcoin leading the way. On November 15th, Bitcoin reached an intra-day high of $37,400. However, it is not just Bitcoin that is seeing positive price action. Altcoins like DYDX, Solana’s SOL, and Avalanche’s AVAX have all experienced double-digit gains and are chasing new year-to-date highs.
The memecoin market is no stranger to volatility and sudden price swings, but the recent downfall of Grok (GROK) has left investors stunned. The token, named after Elon Musk’s artificial intelligence project “Grok AI,” suffered a massive blow when ZachXBT, a well-known blockchain investigator, made a startling allegation on social media. In a November 13th
THORChain, a native asset settlement protocol, has recently gained significant attention and achieved remarkable success in the world of decentralized exchanges. With its native token, RUNE, offering high yields, users have been drawn to THORChain, propelling it to become one of the top players in the market. This article delves into the recent achievements of
The world of cryptocurrency has seen yet another remarkable surge in the price of Solana (SOL), with a staggering 40% increase just this week. This surge has led to the establishment of a new 2023 high at around $58, marking Solana’s best weekly performance since January 2023. The question on everyone’s mind is: what factors
Solana’s native token, SOL (SOL), has experienced a remarkable 22% surge on November 10th, surpassing the $54 mark for the first time since May 2022. This surge occurred despite the continuous selling of SOL tokens by FTX’s bankruptcy estate. The sale of the failed exchange’s assets, which included 55.75 million SOL, was approved by the
Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge came as a shock to many in the cryptocurrency market and was triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware. The initial announcement was made by
Chainlink’s LINK token has recently experienced a significant surge in price, climbing by 26% in just six days. This surge has propelled Chainlink to become the 10th largest cryptocurrency by market capitalization. While this price increase is exciting for traders, it raises the question of whether Chainlink’s current valuation of $8.1 billion is justified. In