Stablecoin issuer Tether’s Chief Technology Officer Paolo Ardoino has been promoted to the role of CEO, marking an unexpected management overhaul in one of the prominent players in the industry. Tether said Ardoino will be taking over Jean-Louis van der Velde, who will transition to an advisory role for Tether while retaining his position as...Read More
Although the most violent months of inflation increases in the developed world seem to be behind us, there are still countries where the rising costs of essential goods are threatening the local economies and people. Moreover, many economists are predicting higher inflation rates in the upcoming months coming back to the US and other nations,...Read More
District Judge Analisa Torres has dismissed the Securities and Exchange Commission’s (SEC) request to certify an interlocutory appeal aimed at overturning its recent and widely publicized courtroom loss against San Francisco-based blockchain tech company Ripple Labs. While this is a major win for Ripple, the SEC has not lost its ability to appeal. Instead, the...Read More
During his congressional testimony on Wednesday, Gary Gensler, the U.S. Securities and Exchange Commission (SEC) chairman, persisted in his criticism of the cryptocurrency industry. Despite partisan divisions and ongoing legal battles, Gensler did not disclose the SEC’s next moves regarding spot bitcoin exchange-traded funds (ETFs) following a recent legal setback. Gensler Accuses Crypto Companies Chair...Read More
The cryptocurrency industry is transforming significantly due to heightened government regulations, particularly in the United States. Many US-based crypto companies, especially exchanges, are considering strategies to shift their operations abroad, which includes exploring new markets and contemplating relocating entirely out of the country. In contrast, Europe has become an attractive destination for crypto firms seeking...Read More
The world’s largest corporate bitcoin holder – MicroStrategy – has reinstated its BTC-buying policy and has spent another $150 million to acquire just under 5,500 BTC. Nevertheless, the company’s entire bitcoin position is still underwater, at least theoretically, as the asset’s price struggles at $26,000. Michael Saylor – MicroStrategy’s founder and former CEO – announced...Read More
Polygon has doubled down its efforts to create an interconnected layer-2 Ethereum ecosystem powered by zero-knowledge technology for its recently unveiled Polygon 2.0’s roadmap. As such, Polygon Labs – the organization behind the scaling solution – has released three PIPs. The implementation will, however, begin as early as Q4 of this year if the community...Read More
The US Court of Appeals for the DC Circuit overturned the country’s securities regulator’s rejection to review Grayscale’s application to turn its flagship fund into a spot Bitcoin ETF. Recall that the asset manager sued the Securities and Exchange Commission earlier this year. The Tuesday ruling ordered the SEC to “vacate” its decision to refute...Read More
A few days ago, the U.S. Court of Appeals for the D.C. Circuit ruled in favor of digital asset management company Grayscale Investments in its lawsuit against the Securities and Exchange Commission (SEC). The court ordered the agency to review its rejection of Grayscale’s application to turn its flagship Grayscale Bitcoin Trust fund (GBTC) into...Read More
According to a CoinGecko research, Italy is the most expensive nation for crypto miners since it takes almost $210,000 in electricity to produce one BTC. Other European countries like Austria, Belgium, Denmark, and Germany follow closely as the most unprofitable regions. It is interesting to note that bitcoin mining is profitable in just 62 out...Read More
MicroStrategy’s co-founder and executive chairman, Michael Saylor, who served as the company’s former CEO for over 30 years, continues to remain bullish on bitcoin three years after his publicly-traded business intelligence company decided to make its first BTC purchase. Saylor has also made big price predictions for the asset, believing its value could exceed $1...Read More
While the US SEC continues to reject or delay, at best, all spot Bitcoin ETF applications, such a product has seen the light of day in Europe. Called the Jacobi FT Wilshire Bitcoin ETF, it will be the first similar product compliant with SFDR Article 8 through its decarbonization strategy. The press release dated August...Read More
Famous podcast host and MMA commentator, Joe Rogan, is no stranger to Bitcoin (BTC). Having mentioned it in numerous conversations already, both he and his guests have praised the asset before for its absolute scarcity and freedom-focused properties, while contrasting it against the controlling nature of Central Bank Digital Currencies (CBDCs). He’s even accepted BTC...Read More
Bitcoin price has cautiously ratcheted upward since Jan. A rising trend channel from $16,600 to $30,000 almost doubled the spot price of BTC in H1. The price changed in three phases, with blistering rallies that happened in January, March, and June. Here’s what large language model chatbot Google Bard has to say about the best...Read More
On Aug. 3, CEO and founder of MN Trading, Michaël van de Poppe, reported on the current state of the crypto market and the lengthening crypto winter. Altcoin investors are slowly losing faith in the markets as they are still not moving at all, he said. Furthermore, altcoin markets have been trending downwards since May...Read More
Fitch downgraded the U.S. government’s credit rating Tuesday, citing the national debt and deteriorating politics. Bitcoin is already looking good this year with the NFTs. But this really puts the shine on BTC. One of the “Big Three” credit ratings companies, Fitch, notched the United States’ rating down from AAA to AA+ this week. Only...Read More
The United States Securities and Exchange Commission (SEC) and its Chairman, Gary Gensler, have received a significant wave of criticism from numerous organizations and individuals (including some American politicians) for the way they have treated the cryptocurrency industry over the years. Ripple’s recent court victory against the Commission prompted even more lawmakers to castigate the...Read More
The choppy market has caused severe headwinds for Bitcoin miners as the hash rate reaches new record highs. The rise comes ahead of the much anticipated halving event slated for next spring that is expected to catalyze the largest crypto asset’s price action. Recent data suggested that Bitcoin’s hash rate has increased by nearly 661%...Read More
The legal clash between Ripple and the US Securities and Exchange Commission has turned into a cornerstone case for the entire cryptocurrency industry. According to many, it may have serious implications for future lawsuits, regardless of how it ends. Most recently, Judge Analisa Torres ruled that secondary sales of XRP didn’t constitute investment contracts –...Read More
Artificial Intelligence (AI) has become ubiquitous, making its presence felt across various sectors. Gradually infiltrating every aspect of human activity, this buzzword, although not entirely new, has captivated the minds of both seasoned tech gurus and novices alike. The integration of the digital asset space and AI was inevitable. Industry players are actively exploring innovative...Read More
The crypto market has recovered a lot of the losses sustained in 2022, with BTC rising by over 80% YTD and many altcoins performing even better. This led to questions and analysis within the community about whether the bear market is over and the industry is preparing for yet another bull cycle. Moreover, the BTC...Read More
On July 13, Ripple scored a big win in its nearly three-year-long legal battle against the US Securities and Exchange Commission (SEC) after a court ruled that the majority of XRP sales do not fall under the classification of securities transactions. This has raised questions about the potential implications for cryptocurrencies, such as Solana (SOL),...Read More
The entire crypto market is rallying after the judge overseeing Ripple V. SEC ruled that neither XRP, nor most situations in which it transacted, are securities. The ruling has also prompted exchanges like Coinbase to relist XRP starting today. In a tweet on Thursday, Coinbase Assets confirmed that it will re-enable trading of XRP on...Read More
Bitcoin jumped by a few hundred dollars minutes after the US announced the CPI numbers for June. It’s worth noting that both the core and the overall Consumer Price Index were lower than estimated. According to an analysis made ahead of the CPI announcement for June, the general estimations suggested a decline in the inflation...Read More
Bitcoin (BTC) has treated its faithful well in 2023, having appreciated over 80% year to date. However, there may be better ways for investors to capitalize on the asset’s success besides stacking actual sats. Here’s a look at how some Bitcoin-related assets and companies are performing next to BTC, from financial companies to mining stocks....Read More
Bitcoin (BTC) has seen positive returns for two consecutive quarters, ending the first half of 2023 in green, according to data compiled by the cryptocurrency information platform CoinGlass. For the first quarter, the leading crypto asset posted a return of 71.77% and 7.19% at the end of the second one. The last time bitcoin recorded...Read More
In the past two weeks, there has been a series of spot Bitcoin exchange-traded fund (ETF) applications from different traditional finance giants in the United States. The frenzy started after BlackRock, the world’s biggest asset manager with over $9 trillion in AUM, submitted its spot Bitcoin ETF filing with the United States Securities and Exchange...Read More
MicroStrategy – the company spearheaded by one of Bitcoin’s most vocal and influential proponents Michael Saylor – has bought some $350 million worth of BTC. Michael Saylor broke the news on Twitter. MicroStrategy has acquired an additional 12,333 BTC for $347 million at an average price of $28,136 per Bitcoin. As of 06/27/2023, MicroStrategy hodls...Read More
With the U.S. Securities and Exchange Commission (SEC) launching a full offensive against crypto this year, an ongoing lawsuit against one of the agency’s first industry targets – Ripple – remains as prevalent as ever. Given recent developments, many parties close to the case believe the court’s ruling may be imminent. How might the result...Read More
Central Bank Digital Currencies (CBDCs) are slowly becoming a reality. The initial hype may have faded, but to crypto advocates’ disdain, these digitized versions of legal tenders appear to be inevitable. So far, 100 countries are reported to be exploring the concept in some form or the other. Despite not yet being rolled out full-fledged,...Read More
