Germany’s on-chain Bitcoin wallet balance has officially reached zero, signaling the potential end of sell pressure from the European economic powerhouse. This news comes from Arkham Intelligence, who reported that the government’s wallet had just 4925 BTC left, down from 50,000 BTC in June. The recent outflows from the wallet mark the conclusion of a
Ethereum’s price has been facing a downward trend lately, particularly after facing a second rejection at the $4,000 resistance level. The daily chart reveals a pattern of lower highs and lows since failing to break above the $4,000 level. Additionally, the market has broken below the 200-day moving average, currently positioned around $3,100. Despite the
Elon Musk, the CTO and chairman of X, recently made bold claims on social media accusing the European Commission (EC) of offering the social media platform an “illegal secret deal” to censor speech in order to avoid being fined in the EU. According to Musk, the EC allegedly proposed that X censor speech without informing
The Securities and Exchange Commission (SEC) has recently closed its investigation into Hiro Systems and the Stacks blockchain without recommending any enforcement action. This news comes as a relief to many in the cryptocurrency community, as the investigation has been ongoing for over three years. The SEC’s decision not to take any enforcement action is
The recent news that the SEC has closed its investigation into Hiro and the Stacks blockchain without recommending any enforcement action comes as a relief to many in the cryptocurrency community. This investigation began over three years ago, following the first-ever SEC-qualified offering by Stacks in 2019. The closure of the investigation is seen as
In recent months, the price of Bitcoin has been a hot topic of debate among market watchers and analysts. With the cryptocurrency hitting an all-time high above $73,000 in March, many are questioning whether Bitcoin has reached its peak for this cycle. However, one crypto analyst, known as ‘CryptoCon,’ has provided a detailed analysis of
The UK Law Commission recently released a scoping paper addressing the potential legal characterization of Decentralized Autonomous Organizations (DAOs) in the country. DAOs are blockchain-based communities that are created for a shared goal, such as investing in start-ups or purchasing historical documents. Despite being seen as the future of corporate governance, the Commission noted that
The German state of Saxony has been rapidly depleting its Bitcoin reserves after seizing assets from the film piracy website, Movie2K. The government has been auctioning off confiscated Bitcoin, with transactions totaling around $3 billion worth of BTC. On Thursday, German authorities transferred 10,567 BTC (approximately $600 million) to various entities, including Bitstamp, Coinbase, Kraken,
Growing up in Edo State, Nigeria, surrounded by three siblings who served as his idols and mentors, Godspower Owie credits his parents as the backbone of his story. Their unwavering support through good and bad times has made him feel safe and secure, shaping his values and outlook on life. Three years ago, Godspower was
Recently, Justin Sun, the founder of Tron, made headlines in the cryptocurrency world with a $5 million investment in Ethereum (ETH). This investment, revealed by Spot On Chain, an AI-driven on-chain analytics platform, shows that Sun purchased 1,614 ETH tokens at an approximate price of $3,097 per ETH. This is part of a larger trend,
Bitcoin’s price has been on a roller-coaster ride lately, with significant fluctuations in a short period of time. After the CPI numbers were released, Bitcoin surged towards $60,000, only to retrace by over $2,000 shortly after. This quick and drastic movement has left investors wondering about the stability of the market. While Bitcoin has been
Soccerverse, the groundbreaking blockchain-based football management game, has recently received a substantial funding boost of £2.5 million ($3.1 million) from Square Enix, a well-known game publisher. This investment, in addition to the support from existing investor Hiro Capital, brings Soccerverse’s total funding to $4 million. The infusion of capital marks a significant moment for Soccerverse,
In the ever-changing landscape of Web3, it can be challenging to keep track of all your onchain activities. The Coinbase Wallet Web3 app aims to simplify this process by providing a platform that consolidates all your on-chain activities in one place. This tool is designed to make it easier for users to manage multiple wallets,
Recently, the US Securities and Exchange Commission (SEC) made headlines by accepting a proposal that includes exceptions for certain institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121). This move has sparked a debate within the financial industry and has significant implications for the future of crypto accounting compliance. The SEC’s decision
A crypto analyst going by the name ‘Bluntz’ has made a bold prediction regarding the future of Ethereum (ETH), stating that the cryptocurrency could potentially reach an all-time high of $8,000 in the near future. However, achieving this ambitious price target will require Ethereum to fulfill specific key conditions as outlined by the analyst. Bluntz
Railgun, a popular crypto privacy protocol, recently prevented Inferno Drainer from laundering stolen funds. SlowMist’s anti-money laundering tracking system, MistTrack on X, revealed that Railgun intercepted an attempt to launder over 174 ETH, valued at approximately $533,000 at the time. As a result, the perpetrators were compelled to return the stolen ETH to Inferno Drainer’s
The Cardano blockchain has been experiencing a period of relative quietness since the beginning of July, accompanied by a consolidation in ADA prices. This quiet phase also seems to extend to Cardano whales, as on-chain transaction data indicates that daily whale inflows have been relatively stable, with numbers consistently staying below 5 million ADA since
The US House of Representatives recently fell short of the required votes to override President Joe Biden’s veto and rescind SEC Staff Accounting Bulletin (SAB) 121. In a tight vote on July 11, 228 House members supported HJ Res. 109 to end SAB 121, while 184 voted against the resolution, and 21 abstained. Although the
The recent announcement of Anomaly Games joining the Google for Startups Cloud Program marks a significant development in the gaming industry. This strategic partnership is poised to revolutionize the sector by blending advanced cloud technology, artificial intelligence, and Web3 innovations. Indie game developers, tech entrepreneurs, crypto enthusiasts, and Web3 pioneers are in for an exciting
In a recent hearing, Judge Katherine Polk Failla criticized Coinbase’s attempt to subpoena SEC chair Gary Gensler in the ongoing case against the firm. She pointed out that the request included Gensler’s statements before he became SEC chair in 2021. Coinbase’s argument for seeking Gensler’s earliest comments was based on the need to confirm whether
Recent data has revealed a significant shift in the relationship between Bitcoin and US stocks. Previously, these assets exhibited a positive correlation, leading to a beneficial impact on the cryptocurrency market. However, according to information from the market intelligence platform IntoTheBlock, Bitcoin’s correlation with the Nasdaq 100 and S&P 500 has now plummeted to -0.78
After over a year of investigation, the US Securities and Exchange Commission (SEC) has officially ended its inquiry into stablecoin issuer Paxos. This decision was confirmed to Paxos on July 9, marking the conclusion of the investigation into the Binance USD (BUSD) stablecoin. The SEC stated that it would not be pursuing any enforcement action
Bitcoin’s recent surge towards $60,000 was met with a sudden halt as the digital asset experienced a minor retracement, settling just above $58,000. This fluctuation comes after a period of significant volatility in the cryptocurrency market. Among the larger-cap altcoins, Stacks has emerged as a standout performer, with a remarkable 14% increase in value. Following
Despite the challenges posed by the current market conditions, DWF Labs, a prominent Web3 market maker and investment firm, has set forth ambitious plans for further expansion and innovation. The recent unveiling of its new website marks the beginning of its pledge to uphold greater transparency and fair market practices, solidifying its position as a
Bitcoin (BTC) has recently broken above its bearish trendline, signaling a shift in market sentiment and sparking optimism among traders and investors. With a market capitalization exceeding $1.1 trillion and a trading volume of over $24 billion, BTC is currently trading at around $58,119, down by 1.37% in the last 24 hours. Despite the slight
Recently, the Canadian musician Drake made a substantial Bitcoin bet on the Copa America semi-final match between Canada and Argentina. Despite the odds being against Canada, with a potential profit of over $2.5 million in Bitcoin, Argentina emerged victorious with a 2-0 win. This loss adds to Drake’s history of significant betting losses. Past Betting
During a recent Senate Agriculture Committee hearing on digital commodities oversight, CFTC chair Rostin Behnam expressed the agency’s willingness to potentially become the primary regulator for cryptocurrencies. The discussion, which took place on July 10, revolved around the CFTC’s request for expanded regulatory authority in the realm of digital assets. Senator Roger Marshall questioned Behnam