The appointment of David O. Sacks as Donald Trump’s designated “czar” for artificial intelligence (AI) and cryptocurrency symbolizes a striking shift in American technological governance. This strategically significant appointment comes at a time when the United States faces crucial questions regarding digital innovation, privacy, and regulatory frameworks. By positioning Sacks, an influential figure with a
Crypto
The Tron blockchain has made headlines recently with its outstanding performance, even as the broader cryptocurrency market experiences a resurgence. As of December 4, the total value locked (TVL) on Tron surged to an astonishing $36.2 billion, establishing a new all-time high for the network. This remarkable milestone highlights the increasing traction that decentralized finance
In a significant maneuver that underscores its ambition, MARA Holdings, a leading player in the Bitcoin mining industry, announced the successful closure of an $850 million offering of convertible senior notes on December 5. This financial strategy is pivotal not merely for raising capital but also for expanding its Bitcoin holdings. Unlike typical loans, these
The financial landscape has been witnessing a paradigm shift with the introduction of innovative investment vehicles, among which BlackRock’s iShares Bitcoin Trust (IBIT) stands out. Launched on January 11, this exchange-traded fund (ETF) has quickly established itself as a formidable player in the market, achieving the remarkable milestone of $50 billion in assets under management
In the ever-volatile world of cryptocurrency, Bitcoin has once again taken center stage, showcasing its dramatic price movements that continue to bewilder investors. Earlier today, Bitcoin achieved a groundbreaking milestone, surpassing the coveted $100,000 mark for the first time in its history. The surge was largely attributed to news surrounding the nomination of Paul Atkins
A significant ruling emerged from a Russian court recently as Stanislav Moiseev, the infamous head of the dark web drug marketplace Hydra, received a life sentence accompanied by a hefty fine of four million rubles (approximately $37,500). In a crackdown that highlights the increasing pressure on cybercriminal operations, fifteen accomplices also faced sentencing, receiving prison
This week, Foundry Digital, a leading player in the Bitcoin mining landscape, made headlines by announcing a significant reduction in its workforce. The decision to lay off 74 employees, constituting approximately 27% of its total staff, highlights a pivotal moment for the company. This move reflects a broader strategic realignment aimed at enhancing its core
Launched on March 14, 2019, Pi Network aimed to democratize cryptocurrency mining by allowing users to mine tokens directly from their smartphones. Yet, two years after that ambitious inception, the project marked a significant milestone of over 2,000 days in existence without an actual, operational mainnet or even a native token. This long-awaited launch has
Cryptocurrency, once a niche investment, has increasingly become an arena of high stakes—both in terms of potential gains and losses. Recent events surrounding the U.S. government’s actions reflect not only its increasing involvement in this volatile market but also the implications these actions have on the broader cryptocurrency ecosystem. On December 3, the government transferred
As Bitcoin grapples with the substantial psychological barrier of $100,000, a thrilling development is unfolding in the altcoin market. Leading the charge is Binance Coin (BNB), which has recently achieved a staggering new all-time high, marking a significant milestone in its growth trajectory. In a mere 24-hour period, BNB skyrocketed by over 22%, reaching an
