In a remarkable display of volatility, Bitcoin surged past the monumental threshold of $100,000, marking a historic high in its trading journey. This sharp uptick was fueled by recent political developments, notably the appointment of Paul Atkins as the new Chairman of the United States Securities and Exchange Commission by President-elect Donald Trump. The President-elect
Crypto
The financial landscape has been significantly transformed with the introduction of BlackRock’s iShares Bitcoin Trust (IBIT) on January 11. It has set a remarkable record by being the fastest exchange-traded fund (ETF) to amass $50 billion in assets under management (AUM). This remarkable achievement speaks volumes about the potential and growing acceptance of cryptocurrency within
In recent discussions surrounding cryptocurrency, particularly Bitcoin, Federal Reserve Chairman Jerome Powell has drawn a clear boundary between digital assets and traditional fiat currencies like the U.S. dollar. His remarks during The New York Times DealBook Summit highlighted his view of Bitcoin as analogous to gold rather than a functional currency. This article delves into
The cryptocurrency sphere is teeming with projects aiming to revolutionize the digital landscape, but few have generated as much curiosity and skepticism as the Pi Network. Launched over two thousand days ago, Pi Network was touted as a groundbreaking initiative enabling users to mine cryptocurrency directly from their smartphones. Despite its ambitious vision, the project
As Bitcoin grapples with its elusive goal of reaching the $100,000 mark, other cryptocurrencies are making significant strides in the market. Among these, Binance Coin (BNB) has garnered attention, recently achieving an impressive all-time high after a six-month journey. Unlike Bitcoin’s stagnation, BNB saw a remarkable surge of over 22% within a single day, crossing
In a remarkable turn of events, Bitcoin reached an unprecedented price of $103,630 during early trading on December 5, reflecting a notable increase of over 7% in just 12 hours following a consolidation phase. This surge pushed the cryptocurrency’s market capitalization past the $2 trillion mark for the first time ever, indicating robust investor interest
The world of cryptocurrency has always been rife with speculation and intrigue, particularly when it comes to the actions of governments regarding digital assets. On December 3rd, a significant event occurred when the U.S. government transferred $33.6 million worth of cryptocurrency linked to the infamous FTX and Alameda Research collapses. This article will delve into
In an assertive move to rebalance its operational focus, Foundry Digital, a leading Bitcoin mining pool, has announced a significant reduction in its workforce. The recent layoffs impacted 74 employees, signaling a 27% reduction in staff. This decision, described as a calculated strategy by CEO Mike Coyler, underscores Foundry’s commitment to enhancing its core operations
A recent ruling from a Russian court marks a significant milestone in the ongoing battle against digital drug trafficking. Stanislav Moiseev, recognized as the leader of the notorious online marketplace Hydra, has been sentenced to life imprisonment, alongside a hefty fine of four million rubles (approximately $37,500). Moiseev’s sentencing reflects not only individual culpability but
A prevalent myth in the cryptocurrency community is that long-term Bitcoin holders, often referred to as “HODLers,” steadfastly refuse to sell their assets. On-chain analyst James Check recently dispelled this notion, highlighting that many HODLers do, in fact, engage in selling activities. This selling behavior is crucial, as it serves as a counterbalance to the