Recently, Coinbase CEO Brian Armstrong announced that over a million individuals have joined the ‘Stand With Crypto’ movement to advocate for the cryptocurrency industry. The surge in membership was particularly notable after a Whitehouse veto threat, with an additional 600,000 supporters rallying around recent bipartisan victories in Congress. Armstrong emphasized that the momentum behind pro-crypto
Crypto
In recent times, the cryptocurrency market has been buzzing with excitement and volatility. Bitcoin, the flagship cryptocurrency, has been on a rollercoaster ride with drastic price fluctuations. The introduction of Exchange-Traded Funds (ETFs) in the United States has been a major catalyst for these price movements. Initially, the approval of Bitcoin ETFs by the US
The recent indictment of Bill Guan, the chief financial officer of Epoch Times, by the US Department of Justice has shed light on a disturbing international money laundering scheme. From 2020 to May 2024, Guan allegedly led a sophisticated operation to launder approximately $67 million of illicit funds using cryptocurrency. The scheme involved purchasing stolen
Ripple’s XRP has been hovering around the $0.52 mark, showing signs of stability in the midst of a volatile crypto market. However, analysts are divided on the token’s future price movements. While some believe that XRP could potentially rise to $0.70 in the coming months, others predict a possible drop to $0.27. Content creators and
A recent incident involving an early investor in the Solana-based meme coin ANDY has brought to light the dark side of the crypto world. The exploit, highlighted by a popular on-chain sleuth in his Telegram channel, saw the draining of approximately $2 million worth of meme coins in several transactions. The perpetrator wasted no time
FTX, a bankrupt cryptocurrency exchange, has faced objections from creditors regarding its proposed reorganization plan. The creditors, including Ahmed Abd El-Razek, Pat Rabbitte, Noia Capital, and activist Sunil Kavuri, have raised several concerns. They argue that the plan fails to address property rights issues, does not meet the best interest test, and presents inconsistent debtors
Semler Scientific, a California-based med-tech company, has recently made headlines with its decision to invest heavily in Bitcoin. With the purchase of an additional 247 BTC for $17 million, Semler now holds a total of 828 bitcoins, acquired for $57 million in total. This move signals a significant shift in the company’s investment strategy, as
Kraken, a well-established cryptocurrency exchange in the United States, is reportedly planning a substantial funding round in preparation for a potential initial public offering (IPO) next year. The exchange has set its sights on raising $100 million, a move that would position it as the second publicly traded pure-play crypto exchange globally, following in the
Financial guru and author Robert Kiyosaki has recently made a bold prediction regarding the price of Bitcoin (BTC). In a tweet, Kiyosaki confidently stated that he believes BTC will reach $350,000 by August 25th. While acknowledging that his prediction may seem like “suckers bait,” Kiyosaki stands firm in his belief that any forecast about the
A group of U.S. lawmakers, led by House Foreign Affairs Committee Chair Michael McCaul, has urgently called on President Joe Biden to intervene in the detention of Tigran Gambaryan, a high-ranking executive at Binance, who has been held by Nigerian authorities for almost three months. The lawmakers have labeled the situation as a hostage crisis,
