Bitcoin has been on an impressive rally this year, with its price soaring by approximately 150% since the beginning of 2021. This remarkable performance has caught the attention of various experts and analysts, leading to speculation about the possibility of Bitcoin reaching the coveted $100,000 mark. One prominent figure who believes in this potential is
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The cryptocurrency markets have experienced a recent surge, which has spilled over into the realm of decentralized finance (DeFi). While decentralized exchanges (DEX) have historically lagged behind centralized exchanges (CEX) in terms of trading volume, the recent market rally has led to increased activity in DEXs. Major platforms such as Uniswap and Curve on the
In a shocking turn of events, the United States Department of Justice (DOJ) has recently indicted two individuals for orchestrating a massive cryptocurrency Ponzi scheme. David Gilbert Saffron, a 51-year-old from Australia, and Vincent Anthony Mazzotta Jr., a 52-year-old from California, are being accused of defrauding investors of a staggering $25 million. The alleged scheme
The cryptocurrency industry has long been plagued by the issue of hacking, with billions of dollars in digital assets being stolen annually. However, a recent research study conducted by TRM Labs has revealed a significant downturn in hack volumes in 2023. Compared to the previous year, there was a more than 50% reduction in the
Cryptocurrency exchange-traded funds (ETFs) are gaining significant attention this season as traditional finance companies are seeking regulatory approval to introduce more of these investment vehicles to the market. The latest player in this space is First Trust, an asset management firm looking to create a unique Bitcoin ETF. Unlike traditional spot products, First Trust aims
Tether, the company behind the largest stablecoin, has taken the initiative to address concerns raised by Senator Cynthia Lummis and Rep. French Hill regarding the alleged use of stablecoins in illicit activities such as funding terrorism and money laundering. The company has released two letters sent to the US Senate Committee on Banking, Housing, and
Bitcoin (BTC) adoption is gaining traction in developing countries, and according to investment management firm Franklin Templeton, this trend is set to continue. Sandy Kaul, the Head of Digital Asset & Investor Advisory Services at Franklin Templeton, highlighted the role of Bitcoin in leveling the playing field for smaller economies. Kaul believes that the digital
After consistently denying approval for a spot Bitcoin ETF for American investors over the years, there are indications that SEC chair Gary Gensler might be reconsidering his position in light of Grayscale’s recent legal triumph. This article will explore Gensler’s potential shift in stance and the implications it may have for the cryptocurrency industry. While
Bitcoin block space has been a topic of debate among critics, particularly regarding the efficiency of inscriptions such as BRC-20 tokens and their impact on regular BTC transfers. However, a closer analysis of on-chain data suggests that these inscriptions are not a denial of service attack but rather a way to optimize block space utilization.
Bitcoin, the leading cryptocurrency, has experienced a tumultuous few days. After briefly reaching a high of $44,700, it quickly retraced to $44,000 before plummeting even further to under $41,000. The downtrend continued on Tuesday when Bitcoin slipped to $40,200. However, the bulls managed to defend this level and once again pushed BTC north, reaching the
