With Federal Reserve chair Jerome Powell’s recent comments at the Jackson Hole symposium, the demand for bitcoin (BTC) in the United States has seen a notable increase. This surge in interest has been evident through various metrics such as the Coinbase Premium reaching its highest level since July at 0.11%. This increase in demand has
Crypto
2024 was supposed to be the year when Bitcoin would skyrocket to the elusive $100,000 mark, following a history-making all-time high earlier in the year. The expectations were high, especially after the completion of the scheduled halving in April. However, the reality has been far from what was anticipated. Despite coming close to breaking the
The U.S. Securities and Exchange Commission (SEC) recently filed charges against two brothers for allegedly orchestrating a $60 million Ponzi scheme. The complaint, lodged in the United States District Court for the Northern District of Georgia in Atlanta, accuses Jonathan Adam and his brother Tanner Adam of deceiving over 80 individuals. The brothers purportedly enticed
The issue of centralization within the cryptocurrency market is a hotly debated topic. High levels of centralization can result in a few entities holding a significant amount of power, which goes against the decentralized nature that many cryptocurrencies aim to achieve. When looking at popular projects like Polygon (MATIC) and Shiba Inu (SHIB), it is
Recently, Ethereum co-founder Vitalik Buterin made a significant move by transferring 800 ETH, valued at $2.01 million, to a multisig wallet. This action was followed by an exchange of 190 ETH for 477,000 USDC, a stablecoin tied to the U.S. dollar. These transactions have stirred up conversations within the crypto community, especially considering Buterin’s previous
The cryptocurrency markets witnessed a whirlwind of events this past week, starting with Bitcoin’s impressive surge from $60,000 to over $64,000 on Saturday. The catalyst for this bullish momentum was the subtle hint from Fed Chair Jerome Powell regarding potential interest rate cuts. Moreover, the endorsement of a pro-crypto presidential candidate by RFK added to
Floki Inu (FLOKI) recently experienced a significant drop of nearly 20%, causing it to lose its position among the top 5 meme coins. This decline led to a shift in market capitalization rankings, with Bonk Inu (BONK) surpassing FLOKI to claim the fifth spot. FLOKI’s market capitalization fell to $1.23 billion, highlighting the intense competition
Elon Musk, the CEO of Tesla Inc., recently emerged victorious in a high-profile $258 billion lawsuit alleging manipulation of the price of Dogecoin (DOGE), a meme-based cryptocurrency. The lawsuit, filed in June 2022 by a group of Dogecoin holders, claimed that Musk and Tesla used social media and public statements to artificially inflate the token’s
The cryptocurrency market experienced a mixed bag this week, with most major coins seeing a decline in value. However, one notable exception was Popcat, which saw a remarkable 52% increase in price by midweek. This surge in value caught the attention of investors and traders alike, prompting them to wonder about the reasons behind Popcat’s
The recent move by the US Securities and Exchange Commission to target various cryptocurrency platforms has sent shockwaves through the industry. The latest platform to come under scrutiny is OpenSea, a popular NFT marketplace. OpenSea’s CEO, Devin Finzer, took to social media to express his disappointment in the regulator’s actions. In a tweet, Finzer revealed
