Bitcoin (BTC) has treated its faithful well in 2023, having appreciated over 80% year to date. However, there may be better ways for investors to capitalize on the asset’s success besides stacking actual sats. Here’s a look at how some Bitcoin-related assets and companies are performing next to BTC, from financial companies to mining stocks....Read More
A joint research conducted by Consensys and YouGov estimated that 92% of the participants are aware of cryptocurrencies. 37% see the asset class as the future money, whereas 26% are on the opposite corner, viewing it as a scam. Residents of the United States and the United Kingdom are more likely to associate digital currencies...Read More
According to a KuCoin research, 49% of German crypto investors believe digital currencies could help them achieve long-term wealth accumulation plans. Every fourth thinks the asset class could serve as a store of value amid the current economic turbulence. Most German crypto investors fall in the Generation Y demographic group, also known as Millennials (those...Read More
John Michael Musbach – a 34-year-old resident of Haddonfield, New Jersey – was reportedly sentenced to six and a half years in jail for hiring a hitman to commit a murder. He transferred $20,000 worth of BTC to the “executor” to kill a kid that was about to testify against him in a child-pornography case....Read More
In the past two weeks, there has been a series of spot Bitcoin exchange-traded fund (ETF) applications from different traditional finance giants in the United States. The frenzy started after BlackRock, the world’s biggest asset manager with over $9 trillion in AUM, submitted its spot Bitcoin ETF filing with the United States Securities and Exchange...Read More
Several financial giants, including Fidelity, 21Shares, and WisdomTree, have changed their filings with the Securities and Exchange Commission in regard to their applications for Bitcoin Spot ETFs. This comes just hours after the US securities regulator reportedly warned that all recent filings for such products were “inadequate.” BlackRock splashed the waters two weeks ago when...Read More
A new survey by Binance Research, the research arm of the world’s largest cryptocurrency exchange, found that most institutional investors are optimistic about the outlook of cryptocurrencies for the next 12 months. Binance Research conducted the survey from March 31 to May 15, 2023, with 208 global institutional clients and VIP users as the respondents....Read More
TRM Labs, a leading blockchain analysis firm focused on preventing cybercrime, has released a comprehensive report on the illicit sums lost to bad actors in the crypto space in 2022. The figures are quite notable, especially given the declining prices and interest in the market last year. Improved Cybersecurity Measures In spite of the plummeting...Read More
Max Keiser has once again come out with a comment on the ongoing case between the United States Securities and Exchange Commission and Ripple – the company behind XRP. The Bitcoin permabull thinks Ripple will lose, but the reason is not what many might think. Max Keiser is a well-known proponent of Bitcoin – one...Read More
Kraken has been ordered to turn over sensitive user information for clients that had transactions worth in total over $20,000 over the course of a year. The tax agency said it wants to determine whether crypto investors have been cheating on their tax reports. The IRS filed the initial court petition in the Northern District...Read More
A year after invading Ukraine, Russia’s military fundraising groups have raised millions of dollars in cryptocurrencies despite sanctions imposed by the U.S. and other countries. While it appears that Russian military procurement and disinformation groups have raised about $4.2 million, comparatively smaller than Ukraine’s over $212 million, research by blockchain analytics firm Elliptic has discovered...Read More
A low-profile but highly influential senior executive at Binance has spoken out as the company begins legal battles against two top market regulators in the United States. Yi He, who boasts a massive fortune as one of the company’s early shareholders, has also had children with Binance CEO Changpeng Zhao (CZ). The SEC Lawsuit He...Read More
Ethereum Name Service – the distributed, open, and extensible naming system operating on the Ethereum blockchain – announced plans for Layer 2 expansion. The growing popularity of Ethereum significantly increased gas prices forcing market participants to look for cost-effective alternatives. Ethereum Name Service (ENS) is one such project that had earlier said that Layer 2...Read More
Prominent crypto exchange Bybit continues the expansion of its operations after successfully scoring a license in Cyprus. The newly acquired license from the regulatory authorities in the island country will allow Bybit to offer a full suite of services. This includes trading between crypto pairs and fiat currency pairs, financial services related to crypto assets,...Read More
Billionaire Twitter co-founder Jack Dorsey plans to allocate more capital to the Bitcoin ecosystem after pledging $5 million to the network’s core developers through his grantmaking organization Start Small. The firm will distribute the funds to the Bitcoin development non-profit, Brink, over the next five years in $1 million annual installments. According to its website,...Read More
An analysis by crypto market data provider Kaiko revealed that USD Coin (USDC) is currently the most liquid stablecoin on centralized exchanges (CEXs), with approximately $38 million bids preventing a .1% price deviation of the asset. USDC’s liquidity is followed by that of Tether (USDT), Binance USD (BUSD), True USD (TUSD), and Dai (DAI). The...Read More
Central Bank Digital Currencies (CBDCs) are slowly becoming a reality. The initial hype may have faded, but to crypto advocates’ disdain, these digitized versions of legal tenders appear to be inevitable. So far, 100 countries are reported to be exploring the concept in some form or the other. Despite not yet being rolled out full-fledged,...Read More
A new report by America’s largest cryptocurrency exchange Coinbase revealed that the effect of Bitcoin halving events on the asset’s performance is still unclear as several exogenous factors play significant roles in the market’s behavior. While the halving is viewed positively because it is believed to enhance BTC’s prospective scarcity and support its supply-demand dynamics,...Read More
Do Kwon, who was recently arrested in Montenegro after evading authorities for months, claimed that he had no idea the Costa Rican passport he was traveling with was fake. He admitted that he received the passport from an agency in Singapore. Ever since the catastrophic collapse of the Terra ecosystem a year ago, Do Kwon,...Read More
NFT data firm Mnemonic has secured a $6 million seed extension round led by Salesforce Ventures. Other participants of the fundraiser include Polygon Ventures, Orange DAO, FIN Capital, and FJ Labs. The latest capital infusion will be deployed to accelerate the product roadmap of Mnemonic amid rising demand for deeper on-chain insights by expanding the...Read More
Lux Vending – doing business as Bitcoin Depot – has reportedly filed a lawsuit against the sheriff’s office of McLennan County, Texas, accusing it of unlawfully seizing $15,000 from a BTC automated teller machine (ATM). The authorities confiscated the amount to compensate an elderly victim who had become a victim of a cryptocurrency scam. Bitcoin...Read More
The Texas State Securities Board filed an emergency cease and desist order against crypto trading platform Abra and its Chief Executive Officer Bill Barhydt. The watchdog claimed that the company misled its customers and committed securities fraud by offering some of its products, such as Abra Earn. The regulator added that the firm has been...Read More
One of the most popular on-chain crypto sleuths, going by the Twitter handle ZachXBT, said he was being sued for an article he posted last year. The researcher said he is not wealthy, unlike the person suing him, and needs the community’s support for his defense. That support has been quite impressive so far. ZachXBT...Read More
US-based trading firm Robinhood announced the delisting of Solana (SOL), Cardano (ADA), and Polygon (MATIC) after the Securities and Exchange Commission (SEC) labeled them as securities in the suits against two crypto heavyweights. The company, which recently ventured into crypto, said the SEC’s claim cast a cloud of uncertainty around these assets and, as a...Read More
EOS once charted in the top ten cryptocurrencies by market cap. Now it stands in the top 50. The setbacks in its journey have been one of the most talked about in the industry. But EOS Network Foundation’s La Rose believes the formative years of EOS have taught them a lot and that the blockchain...Read More
The Securities and Exchange Commission alleged that some of the largest altcoins, such as ADA, MATIC, and SOL, are unregistered securities. Most assets slumped in value shortly after the allegations went out. Now, though, the organizations between the blockchains and the tokens have published official statements to refute the SEC’s claims. Polygon Responds MATIC traded...Read More
Arbitrum has managed to rake in a significant market share as demand for Ethereum rollups soars. According to data shared by CoinShares, Arbitrum remains the top destination for capital flows away from Ethereum, among other protocols as well as layer 2s. As of May-end, the network attracted capital worth $4 billion. Closely following Arbitrum is...Read More
The situation between Coinbase, Binance, and the United States Securities and Exchange Commission is likely to get ugly before a resolution is reached in one direction or another. However, Ripple has been at the forefront of the SEC’s legal actions as it received the first blow from the securities regulator during the winter of 2020....Read More
John Forsyth, a Missouri emergency room doctor, crypto advocate, and co-founder of crypto project Onfo (ONFO), was recently found dead in northwest Arkansas after being reported missing for over a week. The 49-year-old man was last heard from on May 21 through text messages with his fiancée. Authorities told the deceased’s brother Richard Forsyth that...Read More
The non-custodial decentralized crypto wallet Atomic Wallet – with a reported user base of over five million customers – said some of its users complained about having their digital assets drained. Later reports suggested that numerous users had six figures worth of crypto wiped out, while the largest victim lost nearly $3 million worth of...Read More
