On April 21, the Texas House of Representatives approved a bill requiring cryptocurrency exchanges to maintain sufficient reserves to fulfill their clients’ payment obligations. According to the announcement by the Texas House of Representatives, the “HB 166” bill filed by State Rep. Giovanni Capriglione was passed by a majority of 150 members, aiming to “rebuild...Read More
Ontario Teachers’ Pension Plan (OTPP) – Canada’s largest single-profession pension plan – decided not to rush into another cryptocurrency investment following its bad experience with FTX. The organization was among the prominent backers of the now-bankrupt exchange, investing $95 million. The dramatic crash, though, shrank that sum to virtually zero. Change of Heart After the...Read More
A resident of Scotland’s county Lanarkshire was left with a £150,000 debt (almost $190,000) after falling victim to a cryptocurrency fraud. She is now forced to sell her home to avoid additional financial issues. The woman sought support from Advice Direct Scotland and the local police, but the entities could not help her retrieve the...Read More
The Bitcoin market has faced a tumultuous ride, with the digital currency struggling to find stable ground amidst swirling financial currents. Recent news of potential interest rate hikes caused a sharp selloff that sent Bitcoin plummeting below $30K, erasing its monthly gains. With BTC’s price falling by over 8% in just a few days, sellers...Read More
Blur appears to have lost its title as the world’s most popular NFT marketplace. OpenSea Pro was rebranded and unveiled to court active traders from Blur. The latter was eating away at OpenSea’s market share since its launch last October. The counteroffensive proved somewhat successful as data suggest that the new “polished” NFT aggregator has...Read More
XRP price analysis After rallying more than 48 percent last month, Ripple-backed XRP price consolidated during the first two weeks of April and is now trapped in a bearish outlook. The price correction has sent XRP price trading below the 200 weekly moving average (MA) for the first time since scaling towards $0.58. According to...Read More
Patrick Hilmann, the Chief Strategy Officer (CSO) of leading crypto exchange Binance, alleged that Sam Bankman-Fried (SBF), the founder and former CEO of the now-defunct rival exchange FTX, consistently criticized Binance’s CEO Changpeng Zhao (CZ) before FTX’s collapse, a behavior Hilmann referred to as “shading.” In a recent tweet, the CSO disclosed that SBF was...Read More
Despite its previous success, the stock-to-flow model attracted numerous opponents in the past year, given its failure to predict bitcoin’s price in 2022. Its creator, though, remains a believer and outlined the possible scenarios in play for BTC for the next halving, which is supposed to take place in a year. S2F Places BTC at...Read More
The carbon credit market provides an avenue for companies worldwide to reduce their greenhouse-gas emissions from industrial production. Over the last few years, more companies have pledged to help stop climate change by reducing their greenhouse gas emissions as much as possible – doing their part in the battle against global warming. Recently, Mckinsey &...Read More
Crypto community influencer and Youtuber Ben “BitBoy” Armstrong has been referred to the Federal Bureau of Investigation (FBI) after refusing to appear for a court hearing surrounding his promotion of FTX. Armstrong gloated about his decision to skip the Florida court session, posting a picture of himself online on a beach saying he “don’t give...Read More
