The winds of change swept through the cryptocurrency markets in Asian trading hours, with Bitcoin (BTC) leading a charge downward, erasing the gains made earlier in the week. This article delves into the reasons behind this price dip, explores the potential impact of a looming distribution from a defunct exchange, and examines contrasting long-term outlooks…
The digital asset industry is on the cusp of extraordinary growth, as highlighted by a recent report from investment bank Architect Partners. This surge signals a dramatic shift from the industry’s state just two years ago, underscoring the strides cryptocurrency has made in establishing itself as a formidable force in the financial world. The report…
In a notable advancement for the cryptocurrency sector, Hawaii has officially exempted crypto firms from needing a Money Transmitter License (MTL) to operate within the state. This decision follows the conclusion of the Digital Currency Innovation Lab (DCIL) project, a collaborative research initiative launched in 2020 to explore Hawaii’s digital currency landscape and evaluate the…
Sony is set to relaunch the crypto exchange Whalefin, which it acquired from crypto lender Amber Group in August 2023. The acquisition was first reported by Wu Blockchain and later confirmed by The Block. Whalefin, originally known as DeCurret, has been rebranded as S.BLOX as of Monday. The acquisition was facilitated through Quetta Web, a…
As we enter July 2024, the cryptocurrency market is recovering from a volatile June, during which Bitcoin, the largest cryptocurrency by market capitalization, experienced a significant decline. Known for its volatility, Bitcoin’s recent performance has left investors and analysts questioning whether July will bring the stability the crypto market desperately needs. A Turbulent June June…
Investing in cryptocurrency often comes with the excitement of new opportunities. However, it’s crucial to remember that asset prices don’t always reflect their true value. Although the efficient-market hypothesis suggests that prices incorporate all available information, history frequently shows that markets can be inefficient and irrational. The Limits of the Efficient-Market Hypothesis Consider the COVID-19…
Jeremy Allaire, the co-founder and CEO of Circle, the company behind USDC, the world’s second-largest stablecoin, exudes optimism about cryptocurrency’s future. This enthusiasm isn’t a passing phase for Allaire, a seasoned veteran of the crypto space who has observed Bitcoin’s evolution since its inception. He believes that the current moment is the most promising he’s…
Billionaire investor and cryptocurrency advocate Mark Cuban has voiced concerns that Gary Gensler’s actions as SEC chairman might jeopardize Joe Biden’s chances of reelection. Speaking at Coinbase’s State of Crypto Summit, Cuban asserted that Gensler’s approach to cryptocurrency could “literally cost Joe Biden the election.” Cuban’s Call for Regulatory Clarity Cuban has been a strong…
In an unexpected shift, former President Donald Trump has embraced cryptocurrencies, a sector he once criticized, in a bid to win over young, tech-savvy voters and influential industry executives. On Wednesday, following a meeting with bitcoin miners at his Mar-a-Lago estate, Trump took to his Truth Social platform, urging cryptocurrency users to “vote for Trump!”…
The past week in the cryptocurrency world has been a whirlwind of dashed hopes and plummeting prices. What began with anticipation of a triumphant rise fueled by easing inflation data quickly morphed into a brutal shakeout, leaving investors reeling. Bitcoin’s Broken Wings: Bitcoin (BTC), the undisputed king of crypto, took a nosedive, tumbling over 2%…
Juan Leon, a senior crypto research analyst at Bitwise, anticipates that the dual demand for AI and cryptocurrency will shape the global economy more profoundly than is currently expected. Anyone observing the crypto industry or Wall Street has likely seen AI technology gradually gaining prominence in mainstream discussions, with companies like Nvidia leading the charge….
In a move to protect users, the Solana Foundation has booted a group of validator operators from its delegation program. These operators were caught engaging in “sandwich attacks,” a deceptive practice that exploits users on the network. How Do Sandwich Attacks Work? Imagine you’re trying to buy a stock. A malicious actor might spot your…