Bitcoin SV (BSV), the leading Bitcoin hard-fork project, is facing a -5% decline as the focus shifts towards an emerging Bitcoin cloud mining presale. This decline comes after BSV experienced an impressive +74% rally in October. While Bitcoin SV ranks among the top losers by market cap in the past 24 hours, its current trading
Blockchain-based startups are defying the bear market trend by securing funding, with MetaMask partner Blockaid raising an impressive $33 million in October. Despite this positive news, the overall funding in the crypto industry has dropped to levels last seen in 2020, totaling $2.1 billion over 297 deals in the third quarter of 2023, according to
Bitcoin, often referred to as “digital gold,” has emerged as a store of value currency and an inflation hedge, according to Jurrien Timmer, Head of Global Macro at Fidelity. In an insightful post, Timmer highlighted the striking similarities between Bitcoin and gold and suggested that both assets could be part of the same investment strategy.
The Bitcoin price performance in October has undoubtedly been one of the most promising and encouraging stories in the cryptocurrency market. Despite some bearish projections for the premier cryptocurrency, analysts like Mags have remained optimistic about Bitcoin’s performance in November and beyond. In this article, we will delve into the insights offered by Mags and
The U.S. Supreme Court has taken on a significant case involving popular cryptocurrency exchange Coinbase and a dispute with its users over a Dogecoin sweepstakes. The court’s decision to review the matter will have far-reaching implications for the use of arbitration in resolving conflicts between businesses and their customers. This article analyzes the ongoing legal
The U.S. Department of the Treasury and its Office of Foreign Assets Control (OFAC) recently imposed sanctions on Russian businesswoman Ekaterina Zhdanova for her involvement in money laundering and fund movement using virtual currency and other methods. These sanctions highlight the increasing use of cryptocurrencies in illicit activities and the need for stronger regulatory controls
Coinbase, one of the leading cryptocurrency exchanges, has recently published its shareholder letter for the third quarter of 2023. This article aims to critically analyze the key highlights and financial performance discussed in the letter. Financial Performance In Q3 2023, Coinbase reported a total revenue of $674 million, representing a 5% decrease from the previous
Ripple, the blockchain payments firm, recently announced that its XRP token has been approved under the Dubai Financial Services Authority’s (DFSA) virtual assets regime. This approval is significant as it enables virtual asset firms, licensed within the Dubai International Financial Centre (DIFC) area, to make use of XRP. As Dubai is a major financial hub
The Aragon Association, the governing body for aragonOS software, has announced its decision to dissolve and redistribute its assets to token holders. This strategic move aims to address bureaucratic complexity, misaligned stakeholders, and failed attempts to modify the governance structure. In this article, we will examine the implications of the dissolution and explore the future
Cryptocurrency investments have garnered significant attention in recent years, offering the potential for substantial returns. As the allure of high profits intensifies, investors are constantly on the lookout for the next breakthrough project in the crypto space. One such project that has captured the industry’s attention is Launchpad XYZ, a crypto startup that leverages artificial