The recent revelation about Montenegrin Prime Minister Milojko Spajić’s involvement as an early investor in Terraform Labs has raised many eyebrows. Court documents released by the U.S. Securities and Exchange Commission (SEC) showed that Spajić invested $75,000 in April 2018, acquiring 750,000 Luna tokens. Unfortunately, the cryptocurrency project failed in 2022, leading to losses exceeding
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Crypto analyst and trader Tyler Durden has recently expressed his bullish sentiment towards Ethereum (ETH). In a post on X (formerly Twitter), Durden emphasized that Ethereum reaching $10,000 is the “most asymmetric bet” in the cryptocurrency market today. He suggested that it is better for traders to go with the tide and bet on ETH,
Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, recently shared his analysis of the current state of Bitcoin and the broader cryptocurrency ecosystem. According to Kling, Bitcoin is currently around 10% off its all-time highs, with indications that the market may be heading towards cannibalism. Despite the NASDAQ experiencing a 16% surge
In the past 24 hours, XRP experienced a slight decline from its recent high above $0.50, after making a comeback in the market. Despite this minor setback, XRP managed to erase its weekly losses, making it the only top cryptocurrency in the green for the week. At the same time, there has been a noticeable
The Bitcoin network has been making waves in the NFT industry, securing the third position in terms of all-time sales. According to data from NFT tracker CryptoSlam, Bitcoin-based NFTs have achieved a remarkable total sales volume of $4.29 billion as of June 18. This significant milestone has surpassed the previous record set by the Ronin
Infamous ex-convict Martin Shkreli has recently found himself in hot waters yet again, this time in the world of cryptocurrency. Shkreli, who previously served time in prison for financial-related frauds, has now come forth with a shocking confession regarding his involvement in the creation of the new Donald Trump-themed token DJT. This revelation has stirred
The recent turmoil in the cryptocurrency market has prompted a significant shift in investor behavior towards Bitcoin. Traditionally viewed as the safest asset in the digital currency ecosystem, Bitcoin’s dominance has soared to a nine-week high of 57%. This surge in dominance comes at a time when the market is facing chaos, with altcoins bearing
The recent decision by the SEC to close its investigation into Ethereum 2.0 has stirred up significant debate within the blockchain community. This development follows a letter from Consensys seeking clarity on the classification of ETH sales as securities transactions. Consensys’s announcement of the SEC’s decision as a victory for Ethereum developers and industry participants
Growing up in Edo State, Nigeria, I was surrounded by a supportive and loving family. My parents and siblings played a significant role in shaping my values and beliefs. They were not just family to me, they were my idols and mentors, guiding me through life’s ups and downs. Their unwavering support and encouragement have
The US Securities and Exchange Commission (SEC) has expressed worries regarding Circle’s stablecoin, USDC, as the company moves forward with plans to go public in a substantial initial public offering (IPO). According to reports from Barron’s, the regulatory agency has raised red flags about the potential classification of USDC and other stablecoins as securities under
