In a striking turnaround, Bitcoin has achieved an impressive milestone by surpassing the $65,000 mark for the first time in two months. This resurgence comes on the heels of a significant recovery from a low of $53,400 recorded on September 6, marking an extraordinary increase of nearly 23%. This rebound has not only reinvigorated the
In recent years, the surge in cryptocurrency usage has opened unregulated avenues for criminal activity, particularly with regard to money laundering and ransomware. The ease of transferring digital assets across borders without stringent oversight has made cryptocurrencies a popular tool for cybercriminals. These developments have alarmed authorities worldwide, prompting a concerted effort to rein in
The digital asset arena has been notorious for its volatility, but recently, a different kind of turbulence emerged from a political endorsement gone awry. The stand taken by the lobby group Stand With Crypto, which receives backing from prominent platforms like Coinbase, illustrates the pitfalls of rapidly assigning support ratings to politicians based on minimal
In the ever-evolving landscape of financial technology, few fields have experienced as much growth and innovation as cryptocurrency. Among the individuals making significant contributions to this realm is Semilore Faleti, a cryptocurrency writer whose expertise and perspective have become increasingly relevant. Initially exploring a variety of topics in his writing career, Semilore discovered his passion
Ethereum has emerged as a pivotal player in the cryptocurrency domain, significantly influencing how digital assets are traded and utilized. A recent report from CoinShares sheds light on two crucial components shaping Ethereum’s trajectory: marketplaces and stablecoins. Together, these elements constitute just over half of Ethereum’s utilization, showcasing its strength as a foundational layer for
In recent weeks, Shiba Inu (SHIB) has been making waves in the cryptocurrency sphere, showcasing a remarkable price increase of 35%. As the market capitalization climbed to over $11.5 billion, SHIB has secured its position as the 14th-largest cryptocurrency, while maintaining its rank as the second-most popular meme coin, following in the footsteps of Dogecoin.
The Ethereum (ETH) landscape is currently shrouded in a pall of bearish sentiment, a change attributed to pronounced price fluctuations within the cryptocurrency’s market. Such volatility appears to have impacted not just speculative trading behavior but also the foundational elements of the network, specifically engagement levels as reflected in the number of new active addresses.
Cynthia Lummis, the Senator from Wyoming, has made a noteworthy assertion regarding the future of Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC). During a recent appearance on CNBC’s Squawk Box, Lummis expressed skepticism about Gensler’s longevity in this pivotal role, suggesting that he may step down next year. This
On September 27, 2023, the US Securities and Exchange Commission (SEC) reached a pivotal settlement with the Mango Markets decentralized autonomous organization (DAO) and the Blockworks Foundation. This action came on the heels of allegations surrounding the entities’ promotion of unregistered securities in light of a significant $100 million exploit that rocked the platform in
The Nakamoto Games platform has emerged as a significant player in the ever-evolving landscape of Web3 gaming, displaying remarkable growth and innovation. Established on the Polygon blockchain, this platform focuses on offering appealing play-to-earn (P2E) experiences that prioritize accessibility. Unlike many competitors in the space that demand considerable time and commitment, Nakamoto Games is designed
