Bitcoin’s trajectory appears to echo that of the post-2016 halving period, drawing attention from crypto traders who foresee a familiar pattern unfolding. As it stands, indicators suggest that the cryptocurrency might be approaching a local bottom, while speculation mounts regarding a staggering $350,000 price tag at the cycle’s zenith. Echoing sentiments of market déjà vu, … Read more
On February 20th, the cryptocurrency market witnessed a peculiar phenomenon. VanEck’s spot Bitcoin ETF, aptly named “HODL,” experienced a staggering 1,400% increase in trading volume, reaching a daily total of $258 million. This dramatic surge, 15 times its usual activity, left market analysts scratching their heads. The mystery was compounded when investigators found that a … Read more
Michael Saylor, the Executive Chairman of MicroStrategy, has emerged as a prominent figure in the cryptocurrency landscape, championing Bitcoin with unwavering conviction. As MicroStrategy’s Bitcoin holdings balloon to a staggering $10 billion, Saylor boldly declares his intention to be a perpetual buyer, viewing Bitcoin not just as an investment, but as the ultimate exit strategy. … Read more
Cryptocurrency enthusiasts may be riding a wave of excitement as Bitcoin surpassed the $50,000 mark, but it’s crucial to manage expectations. While a $100,000 target for Bitcoin in 2024 is plausible, the journey may be characterized by a gradual ascent rather than the rapid surge some might anticipate. The recent surge to $52,416 fueled optimism … Read more
As South Korea’s general election in April approaches, the People Power Party, the country’s ruling political party, is intensifying efforts to defer the implementation of crypto gains taxes for an additional two years. The party asserts that it requires this extended timeframe to establish a comprehensive system for overseeing crypto transactions, akin to the framework … Read more
Verkle trees are on the brink of revolutionizing the landscape of solo staking on Ethereum, presenting a myriad of benefits, as underscored by Ethereum’s co-founder, Vitalik Buterin. Positioned strategically within Ethereum’s post-Merge roadmap, these innovative trees carry the potential to significantly reduce proof sizes and alleviate hardware requirements for nodes, with a particular focus on … Read more
In a significant strategic move to strengthen its regulatory standing in the United States, Ripple has entered into an agreement to acquire Standard Custody & Trust Co., a New York-based company holding a trust charter. This acquisition aims to broaden Ripple’s permissible business activities within the U.S. market and marks the company’s second foray into … Read more
Cryptocurrency exchange FTX, affiliated with the now-insolvent Alameda Research, has taken a substantial legal stride by filing a motion in a Delaware court on February 1. The objective of this legal maneuver is to obtain court authorization for the sale of its $175 million claim against Genesis Global Capital, a financial entity that declared bankruptcy … Read more
Recently, the U.S. Department of Justice (DOJ) initiated legal action against two senior members of the Patterson Joint Unified School District, alleging their involvement in cryptocurrency mining activities conducted on school premises. This legal action aligns with heightened regulatory scrutiny in the United States surrounding crypto mining, reflecting apprehensions regarding environmental impact and energy consumption … Read more
Following the hacking of Ripple founding member Chris Larsen’s personal wallet, Binance acted decisively, freezing $4.2 million in XRP. The $112 million leak was the greatest hack of 2024 as of January 31. CEO Richard Teng announced the exchange’s answer on social networking site X, praising the coordinated efforts of on-chain investigator ZachXBT and the … Read more