The Securities and Exchange Commission’s (SEC) crypto asset enforcement chief, David Hirsch, made headlines on June 17 when he announced his departure from the agency. After nearly nine years of service at the SEC, Hirsch expressed his pride in the groundbreaking work accomplished by the Crypto Assets and Cyber Unit team under his leadership. Taking
Bitcoin has been experiencing a rollercoaster ride lately, with the price taking a nosedive, sparking concerns of a prolonged bear market. However, amidst the gloom, there are faint whispers of optimism. The Bitcoin Taker Buy Sell Ratio, a metric that monitors the balance between buy and sell orders on exchanges, has shown some interesting trends.
The Ethereum Foundation has once again made headlines due to a substantial transaction involving millions of Ethereum (ETH) tokens. Crypto journalist Colin Wu recently disclosed on social media that a wallet linked to the Ethereum Foundation moved 18,089 ETH (equivalent to $64.4 million) to a new address. Despite the transfer, the new address has yet
The intersection of artificial intelligence (AI) and cryptocurrency is poised to revolutionize the global economy, with Bitwise predicting a potential injection of $20 trillion into the global GDP by 2030. This forecast was unveiled at the annual Consensus conference in Austin, where industry leaders gathered to discuss the future of blockchain technology, regulation, and the
The recent report released by Coinbase has shed light on a concerning trend – the declining number of crypto talent in the United States. According to the largest US exchange, there has been a significant drop in US-based crypto developers, down by 14 points over the past five years to a mere 26% today. This
Bitcoin (BTC) has experienced a 4.5% decline in the past week, reaching a monthly low of $65,000. This drop in the value of the cryptocurrency has been attributed to a rise in selling activity from mining entities. According to the latest CryptoQuant weekly report, there has been a significant increase in the number of BTC
Bitcoin recently experienced a dip to a monthly low of $65,000 on June 14, marking a 5% decrease compared to the previous week. Despite this short-term fluctuation, the bigger picture reveals that the cryptocurrency has been consolidating within a tight range since early March. Analyst James Check noted that Bitcoin has been unusually quiet, with
Ripple has recently announced its plans to launch a stablecoin called Ripple USD (RLUSD) in 2024, which will be available on both the XRP Ledger and Ethereum. This stablecoin is expected to act as a bridge between traditional finance and the crypto industry. Despite the anticipation surrounding its launch, the stablecoin has already faced criticism
Recent findings from blockchain intelligence firm TRM Labs indicate a significant surge in cryptocurrency deposits into crypto addresses associated with Chinese drug precursor manufacturers. The data revealed that from January to April 2024, cryptocurrency deposits more than doubled compared to the same period in 2023. In 2023, Chinese precursor networks received over $26 million in
Ethereum faced a loss of 4.4% this week, marking a shift in its bullish momentum. The price was pushed down to the key support level of $3,500 by sellers. While this pullback could be seen as a normal retest after the recent breakout following the ETF confirmation, the rejection at $4,000 resistance for the second
