Bitcoin, the pioneer cryptocurrency, recently reached a staggering all-time high exceeding $73,000 in March, triggering discussions among market observers about whether it has reached its peak in this particular cycle. While there are conflicting opinions on this matter, a crypto analyst known as ‘CryptoCon’ has conducted a comprehensive examination of Bitcoin’s recent price trends and
Decentralized Autonomous Organizations (DAOs) have been gaining popularity in the business world as blockchain-based communities that work towards common goals. Market experts believe that these innovative organizations could revolutionize corporate governance in the future. Recently, the UK Law Commission released a scoping paper addressing the legal characterization of DAOs in the country and exploring how
The US Securities and Exchange Commission (SEC) has recently made a decision to accept a proposal that includes exceptions for specific institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121). This move is meant to provide relief to banks and brokerages when it comes to balance sheet reporting involving cryptocurrencies. Under the
The founder of Tron, Justin Sun, has recently made a significant investment in Ethereum (ETH), the world’s second-largest cryptocurrency. Sun reportedly purchased 1,614 ETH tokens for $5 million, at an approximate price of $3,097 per ETH. This investment adds to Sun’s existing holdings, as he has acquired a total of 362,751 ETH tokens since February
Soccerverse, a cutting-edge blockchain-based football management game, has recently received a significant financial boost through a £2.5 million ($3.1 million) investment led by the renowned game publisher Square Enix. This substantial funding round, with support from existing investor Hiro Capital, brings Soccerverse’s total funding to $4 million. This investment signals a pivotal moment for Soccerverse
The recent news coming out of the German state of Saxony has caused quite a stir in the cryptocurrency community. The state has been rapidly depleting its Bitcoin reserves after seizing assets from the film piracy website Movie2K earlier this year. The government has been auctioning off around $3 billion worth of BTC, with a
Bitcoin experienced a surge in price, reaching close to $60,000 after the release of CPI numbers. However, this upward momentum was short-lived as the cryptocurrency retraced by over two thousand dollars. The market has been highly volatile, with the asset’s price moving dramatically in a matter of hours. While Bitcoin has been on a rollercoaster
In a recent analysis, a crypto analyst known as ‘Bluntz’ has made an ambitious prediction regarding the future price of Ethereum (ETH). According to Bluntz, Ethereum has the potential to surge to new all-time highs, specifically around the $8,000 mark. This optimistic outlook has sparked a conversation within the crypto community about the possibilities for
Railgun, a popular crypto privacy protocol, recently made headlines for successfully foiling an attempt by Inferno Drainer to launder stolen funds. The anti-money laundering tracking system, MistTrack on X, revealed that over 174 ETH, equivalent to $533,000, was intercepted by Railgun. This forced the perpetrators to return the stolen ETH to Inferno Drainer’s original wallet,
The recent criticism of Coinbase’s attempts to subpoena SEC chair Gary Gensler by Judge Katherine Polk Failla has raised eyebrows in the legal and cryptocurrency communities. During a hearing on July 11, Failla expressed her doubts about Coinbase’s request, particularly regarding the inclusion of Gensler’s statements before he became SEC chair in 2021. The judge
