The crypto industry has been facing numerous challenges under the current administration, as highlighted by Andreessen Horowitz (a16z) founders Ben Horowitz and Marc Andreessen. They recently discussed the regulatory hurdles that have been stifling innovation and growth in the sector. One of the key issues they criticized was the Securities and Exchange Commission’s (SEC) lack
Dalmas Ngetich, a seasoned crypto reporter, stands out in the industry with his specialized knowledge in NFTs, blockchain, and DeFi. With a background in mechanical engineering and over a decade of experience in journalism, Ngetich has crafted over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology,
Cynthia Lummis recently released a report challenging the Biden administration’s proposal to impose a 30% excise tax on the energy consumed by Bitcoin miners. In her argument, Lummis raised concerns about the detrimental effects this tax could have on the growing Bitcoin mining industry in the United States. She criticized the administration for what she
In a groundbreaking development, the team at BitcoinOS (BOS) achieved a significant milestone by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This achievement marks a pivotal moment in blockchain history, as it paves the way for revolutionary advancements in Bitcoin’s scalability and functionality without the need for modifications to its core
The recent move by the Russian State Duma to legalize Bitcoin mining and allow the use of crypto for international trade represents a significant shift in the country’s approach to digital assets. The bill, pending final approval, aims to address the challenges faced by Russian banks due to regulatory constraints and international sanctions. It establishes
Bitstamp, a prominent crypto exchange, has announced that it has initiated the process of returning recovered digital assets to creditors of the defunct Mt. Gox exchange. This development signifies a significant milestone in the decade-long efforts to reimburse those affected by the infamous 2014 hack that ultimately led to Mt. Gox’s collapse. Collaboration with Trustee
In early July, Mt. Gox, the long-defunct crypto exchange, began the process of repaying creditors affected by the 2014 hack. Interestingly, while Kraken has successfully distributed all the Bitcoin and Bitcoin Cash owed to Mt. Gox creditors, the price of the former remained stable. This stability could potentially be attributed to the cautious behavior of
Solend, the Solana-based lending protocol, recently underwent a rebranding and officially relaunched as Save, marking a significant strategic evolution for the platform. The rebranding not only involved a change in name but also introduced three new products aimed at providing the Solana community with enhanced financial opportunities. One of the key highlights of the rebranding
The recent launch of Ethereum ETFs has sparked a lot of excitement within the cryptocurrency community. The industry is abuzz with speculation about how these ETFs will impact Ethereum’s price in the coming months. Renowned crypto analyst Doctor Profit has made some bold predictions about Ethereum’s future, claiming that the cryptocurrency could break through the
Ethereum’s price has been consolidating above the 100 and 200-day moving averages, signaling a bullish trend in the market. The price broke above the critical 100-day moving average at $3,354 and entered a period of sideways fluctuation, indicating an equilibrium between buyers and sellers. However, with the launch of spot ETH ETFs and a significant
