The crypto industry is abuzz with discussions about Tether and its potential to become the de facto central bank digital currency (CBDC) of the world. This speculation was triggered by the remarks of Howard Lutnick, CEO of Cantor Fitzgerald, a global investment bank and financial services firm. Lutnick expressed his fondness for Tether, stating that
Crypto
Coinbase Global Inc. has recently announced its plans to expand its services by introducing spot crypto trading on its international exchange. This move is part of Coinbase’s global expansion strategy, aimed at catering to users who may have reservations about U.S.-based platforms. While Coinbase’s stock has shown significant growth this year, it still has a
Bitcoin, the primary cryptocurrency, has been struggling to regain stability after the recent market decline. Despite soaring to an impressive price of $44,700 over the weekend, the bears quickly seized control, causing the asset to plummet below $41,000. Since then, Bitcoin has been hovering around this line, unable to break free from the volatile state
In a recent announcement by the National Vulnerability Database (NVD), a critical vulnerability in Bitcoin’s inscriptions has been identified. This vulnerability has the potential to impact the Ordinals Protocol that was developed in 2022. The NVD, which is overseen by the National Institute of Standards and Technology (NIST), plays a vital role in cataloging and
As the countdown to Bitcoin’s next halving continues, investors eagerly anticipate the possibility of another significant bull market. Mitchell Askew, Head Analyst for Blockware Solutions, brings a fresh perspective to the table, challenging the conventional belief that Bitcoin and the halving are subject to diminishing returns. In fact, Askew predicts not only more gains in
Cryptocurrency tax evasion has become a major focus for the Internal Revenue Service (IRS), according to a report from the agency’s criminal investigations division. The report reveals that more than half of all investigations conducted in the previous fiscal year were related to tax matters. As a result, the IRS is ramping up efforts to
In a recent report, investment management firm VanEck has made bold predictions for the future of the cryptocurrency market. According to VanEck, Bitcoin is set to reach new record-breaking highs by the fourth quarter of 2024. This projection comes as a result of increased optimism regarding the dismantling of the SEC’s adversarial regulatory stance. If
In recent news, conversations surrounding the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States have reached advanced stages. The U.S. Securities and Exchange Commission (SEC) has reportedly started asking detailed and technical questions to potential spot Bitcoin ETF issuers, a promising sign that pending applications may soon be approved. The Application Process
Bitcoin (BTC) has been making headlines with its skyrocketing prices, but what goes unnoticed is the surging cost of moving it. On-chain data reveals that the price for Bitcoin block space has reached an all-time high, largely fueled by the overwhelming demand created by Ordinals transactions. Anita Posch, the founder of Bitcoin for Fairness, shed
Bitcoin (BTC) has recently surged back to $44,000, reaching a value it hadn’t seen in the past 19 months – a significant milestone for the cryptocurrency. However, this resurgence is not the only indicator of Bitcoin’s growth. On-chain analysis reveals that the dynamics of the crypto market have transformed, painting a more optimistic picture this
