The world of cryptocurrencies is known for its volatility, and Ethereum has recently made headlines once again by surpassing the $3,800 mark. This upturn, marked by a 5% increase in the past 24 hours, comes at a time when many analysts are observing a unique shift in performance dynamics between Ethereum (ETH) and Bitcoin (BTC).
In a bold move signaling the Trump administration’s approach toward tech regulation, President-elect Donald Trump has selected David O. Sacks, the former Chief Operating Officer of PayPal, to serve as the head of a nascent initiative focused on artificial intelligence (AI) and cryptocurrency. This appointment is positioned as a strategic pivot for U.S. technology policy,
In a landmark achievement, Circle has secured its position as the first stablecoin issuer to comply with Canada’s newly established listing requirements for its USD Coin (USDC). This significant development comes at a time when the company is navigating through a period of layoffs and operational reevaluation. As announced by Circle’s CEO, Jeremy Allaire, on
The South Korean government has recently faced confusion surrounding its plans regarding the issuance of real-name cryptocurrency accounts for corporations. Reports from various media outlets including Hankyung suggested that the Financial Services Commission (FSC) was poised to unveil a roadmap prioritizing nonprofit organizations for corporate crypto account access by the end of December. However, a
Bitcoin, the flagship cryptocurrency, experienced an extraordinary day filled with dramatic fluctuations. Earlier, it hit an all-time high, soaring past the $100,000 mark, a psychological milestone that many traders and investors believed to be years in the making. This surge was in part triggered by the appointment of Paul Atkins as the new Chairman of
In an era where digital boundaries are continually being tested, the partnership between STEPN GO and Adidas signifies a landmark achievement in the realm of fitness technology and lifestyle fashion. Together, they have launched the Adidas Genesis Sneakers, which mark an unprecedented exploration into the intersection of Web3—a new frontier in digital innovation—and traditional athletic
The recent announcement by South Korea’s Democratic Party to postpone the implementation of cryptocurrency taxation laws marks a significant juncture in the evolving landscape of digital asset regulation in the country. This decision came to light on December 2, 2023, when Democratic Party floor leader Rep. Park Chan-dae disclosed a two-year moratorium on taxing crypto
Jerome Powell, the chairman of the Federal Reserve, has recently reiterated his skepticism toward Bitcoin’s viability as an alternative to the U.S. dollar. At The New York Times DealBook Summit, he characterized Bitcoin primarily as a speculative asset akin to gold, suggesting it lacks the stability required to challenge traditional fiat currencies. Powell’s assertion reflects
MARA Holdings, recognized as the largest publicly traded Bitcoin miner on Wall Street, has made headlines recently with its latest financial maneuver. Closing a significant offering of convertible senior notes worth $850 million on December 5, the company is setting the stage for both expansion and strategic asset management within the volatile cryptocurrency landscape. This
The cryptocurrency landscape witnessed a transformative moment with the launch of BlackRock’s iShares Bitcoin Trust (IBIT) on January 11. This innovative financial vehicle has rapidly established itself as the fastest exchange-traded fund (ETF) to amass $50 billion in assets under management (AUM). As of recent data, IBIT boasts an impressive AUM of approximately $50.60 billion,
