JPMorgan CEO Jamie Dimon recently made headlines for his scathing comments on Bitcoin (BTC) and cryptocurrency during a hearing before the United States Banking Committee. Dimon claimed that the “only true use case” for Bitcoin is to facilitate crime, specifically mentioning criminals, drug traffickers, money laundering, and tax avoidance. However, upon closer examination, it becomes
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The Securities and Exchange Commission (SEC) lawsuit against DEBT Box and other defendants has taken an unexpected turn, as the court recently found that the agency lied to obtain a temporary restraining order. This revelation has raised important questions about the SEC’s credibility and the validity of its claims. Lawyers representing DEBT Box have moved
Bitcoin investment products have witnessed a significant surge in investor interest, emerging as the primary beneficiary in the evolving cryptocurrency landscape. According to James Butterfill, CoinShares’ Head of Research, a staggering $1.76 billion has poured into crypto products over a 10-week period. This influx marks the largest volume of investment within such a timeframe since
The cryptocurrency world has long been fascinated with the concept of bull markets. These periods of upward price movements have historically been associated with significant gains for investors. The next bull market, experts predict, could kick off as soon as next year. Several catalysts, such as the upcoming Bitcoin halving and the potential approval of
Chainlink (LINK) has experienced a remarkable rebound of over 240% from its yearly low in June 2023. This surge in price may not be the end of its upward trajectory, as indicated by a variety of on-chain and technical indicators. Since November 2023, LINK’s price has been consolidating within an ascending triangle pattern, which is
Cryptocurrency markets are notorious for their susceptibility to market manipulation. Traders and investors often fall victim to deceptive strategies employed by malicious actors to artificially inflate or deflate the prices of cryptocurrencies. One of the telltale signs of market manipulation is the occurrence of sudden and unusual price movements that have no correlation with significant
Cryptocurrency trading firms FTX and Alameda Research have recently made headlines with the movement of $10.8 million worth of cryptocurrencies to accounts in Binance, Coinbase, and Wintermute. This transfer comes as part of their ongoing efforts to recover assets for investors. In this article, we will delve into the details of these transactions and explore
Bankrupt crypto exchange FTX has received approval from a Delaware bankruptcy court to sell approximately $873 million of its trust assets. This move aims to repay the creditors who were negatively affected by the collapse of the exchange in 2022. The assets to be sold include FTX’s stakes in various trusts issued by Grayscale Investments,
In a recent turn of events, the exploiter responsible for the $46 million crypto theft against KyberSwap has issued a warning, demanding a more civil approach from KyberSwap executives, tokenholders, and liquidity providers during negotiations. The exploiter has threatened to postpone discussions until a more amicable atmosphere is established. This article delves into the details
In the world of blockchain and cryptocurrency, there is no shortage of hype. With so many coins trading off the hype and promises of artificial intelligence (AI), it can be difficult to separate the genuine projects from the scams. However, there are indeed some legitimate use cases for AI in this space. Magazine spoke with
