The second day of trading for the spot Ethereum ETFs saw a significant shift in investor sentiment, with over $133 million being withdrawn from the largest financial vehicles. This led to a massive price drop in the underlying asset, with Ethereum’s price plummeting by 10% in a single day. This stark reaction confirmed earlier predictions
Cynthia Lummis recently raised concerns about the Biden administration’s proposal to impose a 30% excise tax on the energy consumed by Bitcoin miners. She argues that this tax could have severe consequences for the growing Bitcoin mining industry in the U.S. Lummis believes that the administration’s concerns about environmental pollution and risks to the energy
The founders of Andreessen Horowitz (a16z), Ben Horowitz and Marc Andreessen, recently took part in a discussion where they openly criticized the Biden-Harris Administration’s handling of the cryptocurrency industry. They highlighted a series of regulatory challenges that they believe are stifling innovation and growth in the sector. One of the main criticisms was directed at
The Machines Arena Play-to-Airdrop (P2A) campaign offers a gamified reward system that aims to actively engage users and provide them with lucrative returns through a play-to-earn strategy. Players can earn points through various activities both inside and outside the game. To participate in the campaign, players need to register on the official Machines Arena website
BitcoinOS developers achieved a groundbreaking feat in blockchain history by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This pivotal moment has paved the way for revolutionary advancements in Bitcoin layer 2 rollup systems, promising unparalleled scalability and functionality without the need for modifications to the underlying consensus code. The final verification
Dalmas Ngetich, a notable crypto reporter, has made significant contributions to the industry with his unique perspective and extensive experience. With a background in mechanical engineering and over a decade of journalism experience, he has crafted a plethora of news and feature articles, showcasing his expertise in NFTs, blockchain, DeFi, and other relevant topics. His
The Russian State Duma has recently passed a bill that legalizes Bitcoin mining and allows for the use of cryptocurrencies in international trade. This bill, which has been in the works for several years, is set to go into effect on September 1 pending final approval. The decision was made after a session where 404
After years of legal battles and uncertainties, the crypto exchange Bitstamp has taken a crucial step towards returning recovered digital assets to the creditors of the now-defunct Mt. Gox exchange. This initiative signifies a major milestone in the decade-long endeavor to compensate those affected by the infamous 2014 hacking incident that ultimately led to Mt.
The recent news of Mt. Gox initiating repayments to creditors affected by the 2014 hack has brought both relief and concern to the crypto market. While Kraken has successfully distributed all the Bitcoin and Bitcoin Cash owed to Mt. Gox creditors, the price of these cryptocurrencies has remained stable. This stability could be attributed to
The recent introduction of Ethereum ETFs into the market has sparked excitement among industry experts and enthusiasts alike. This development is seen as a significant milestone for Ethereum and other altcoins, with many speculating on how it will affect Ethereum’s price action in the coming months. Renowned crypto analyst Doctor Profit has made a bold
