The recent ruling by Judge Katherine Polk Failla of the Southern District of New York has sent shockwaves throughout the cryptocurrency community, particularly concerning the legal status of software code that underpins various crypto protocols. This decision, delivered on September 26, effectively states that certain software code utilized in crypto protocols such as Tornado Cash
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As the world increasingly embraces digital finance, the cryptocurrency market has exploded, prompting the rapid emergence of various trading platforms. For both newcomers and seasoned traders, selecting the right crypto exchange can make a significant impact on their investment journey. With an array of choices available, the challenge is in distinguishing one platform from another.
MicroStrategy, a business intelligence firm, garnered significant attention when it began acquiring Bitcoin in a public capacity in 2020. Its audacious approach not only positioned it as a pioneer among public corporations but also set a precedent that others have since been reluctant to follow. Now, four years later, MicroStrategy stands out as the public
Cardano (ADA) finds itself at a pivotal junction, trading near pivotal resistance levels that could initiate a substantial price rally. With the recent interest rate cut reverberating through the financial markets, a newfound optimism has gripped both analysts and investors alike, prompting discussions of a potential altcoin season. Given the compelling data from Coinglass, there
Ethereum (ETH) has showcased significant fluctuations in its market performance recently, marked by a struggle to regain the $3,000 price level since August. As the clock struck September, Ethereum found itself predominantly below the $2,600 threshold, causing concern among investors. However, a recent uptick in trading activity has allowed it to breach this critical resistance
In a significant development within the cryptocurrency landscape, Indian exchange WazirX has been granted a four-month moratorium by a Singapore court, a strategic move in light of its ongoing financial woes following a staggering cyberattack. The hack, which occurred in July, resulted in the loss of $234 million, affecting nearly half of the exchange’s user
In a recent interview with CNBC’s “Squawk Box,” Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), offered significant clarity regarding Bitcoin’s status as a digital asset. He reinforced that Bitcoin is not classified as a security under U.S. law, but rather as a commodity. This distinction is crucial, especially in light of
New York City, a bastion of diversity and complexity, finds itself at the center of a burgeoning political scandal that has enveloped its mayor, Eric Adams. Recently indicted by federal prosecutors, the ramifications of these developments have led to the resignations and retirements of numerous key figures within his administration. Once celebrated as the city’s
Chainlink (LINK), a prominent player in the blockchain ecosystem, has recently experienced a significant price breakout, generating excitement among investors and analysts alike. This surge is attributed to robust on-chain activities and a noticeable increase in investor confidence. Recent analysis from blockchain intelligence platform Santiment indicates that the technical outlook for LINK remains optimistic, suggesting
Bitcoin, the flagship cryptocurrency, finds itself at a pivotal juncture that could dictate its trajectory over the coming months. Following a robust upward movement, where it rebounded from the significant support level of $52,000, Bitcoin surpassed critical thresholds at $56,000 and $60,000. This price action reflects an underlying bullish sentiment that has temporarily uplifted the
