Trent Rhode / Midjourney AI After reaching impressive heights in late 2021, the world’s largest cryptocurrency, Bitcoin, experienced a steep decline, falling from a record-breaking high of $69,044.77 in November 2021 to $16,400 in November 2022. This significant drop of over 76% was attributed to a number of factors, including the collapse of FTX, related … Read more
During the first month of 2023, the top two leading cryptocurrencies, bitcoin and ethereum, experienced double-digit gains against the US dollar. Meanwhile, several alternative cryptocurrencies saw even greater increases in value, with metaverse tokens like Decentraland’s MANA and The Sandbox’s SAND rising 92-150% against the greenback. Metaverse Crypto Assets Outshine Bitcoin and Ethereum Metaverse crypto … Read more
When it comes to digital collectibles, most enthusiasts think of Ethereum, Solana, or Polygon—deservedly, as proof-of-stake blockchains have cornered the NFT marketplace. But digital collectibles using the Bitcoin blockchain have existed since 2014, and several projects have made it their continuing mission to bring NFTs to the first and biggest cryptocurrency. NFTs are digital assets … Read more
US Senator Elizabeth Warren has called on Congress to ensure regulators, such as the Securities and Exchange Commission (SEC), have the tools to regulate the crypto industry effectively and crack down on crypto money laundering activities. “The current legal structure essentially holds up a giant sign over crypto that says, money laundering done here,” the … Read more
In the past week, Bitcoin has seen a 10% rise in its value, leading many to believe that a bull market is arriving. The price of Bitcoin can be unpredictable, however there are certain factors to consider when predicting its potential future performance. On January 28, the BTC/USD market opened at $23,067.00 and has since … Read more
CHEYENNE, Wyo. (AP) — The Federal Reserve Board has denied a Wyoming cryptocurrency bank’s application for Federal Reserve System membership, officials announced Friday, dealing a setback to the crypto industry’s attempts to build acceptance in mainstream US banking. Many in crypto have been looking to Cheyenne-based Custodia Bank’s more than 2-year-old application as a bellwether … Read more
The US Justice Department announced Thursday the results of a months-long operation with the Federal Bureau of Investigation that actively disrupted the activities of the Hive ransomware group, which the agency says had targeted hospitals, schools, and banking in over 80 countries. “Last night, the Justice Department dismantled an international ransomware network responsible for extorting … Read more
Crypto-versed lawyers will play an increasingly important role in Web3 firms—particularly after the implosion of FTX and the industry braces for regulatory turbulence, two legal academics believe. Boston Law School professor and chief compliance officer at crypto exchange Bitstamp, Thomas Hook, told Cointelegraph that Web3 lawyers will soon become “business differentiators” because they’ll be faced … Read more
A long-dormant Ether whale who participated in the Ethereum Initial Coin Offering (ICO) might be about to stake a massive 32,015 ETH tokens, according to on-chain analytics-focused Twitter account @lookonchain. The ICO participant staked 48,992 ETH back in October, ending six years of dormancy at the time. According to @lookonchain, the whale transferred 32,015 ETH … Read more
CNBC’s Jim Cramer on Monday warned investors to stay away from crypto despite bitcoins‘s recent gains and instead look to golden. “The charts, as interpreted by Carley Garner, suggest you need to ignore the crypto cheerleaders now that bitcoin’s bouncing. And if you seriously want a real hedge against inflation or economic chaos, she says … Read more