The past 24 hours have not been kind to Bitcoin as the price took a sharp downturn, hitting a 2-week low of $57,100. This downward trend has also impacted most altcoins, with tokens like TON, DOGE, and ADA seeing drops of 2-4%. Bitcoin’s recent price actions have been quite underwhelming, to say the least. Just
Cardano has recently completed its Chang upgrade, symbolizing a shift towards a decentralized governance system where ADA holders can now actively participate in determining the network’s future course of action. This transformation marks a significant milestone in the evolution of Cardano and opens up new possibilities for the community. The Chang upgrade brings about several
Semilore Faleti is a cryptocurrency writer who has delved deep into the world of journalism and content creation. He initially started writing on various subjects but eventually discovered his passion for understanding the complexities of blockchains and cryptocurrency. His focus on the efficiency of digital assets in terms of storing and transferring value has led
The payments industry has experienced substantial growth over the last five decades, making it one of the largest and fastest-growing sectors globally. Despite this growth, the sector still relies on outdated 50-year-old technology rails that are becoming increasingly inefficient over time. According to a report by Binance Research, leveraging blockchains, distributed ledger technology (DLT), and
Recently, Peter Diamandis, the founder of X Prize and Singularity University, posed an intriguing question to his 262K+ followers on X. He asked whether Bitcoin, the well-known cryptocurrency, will ever need a bailout. This question sparked a lively discussion among participants, with many providing insightful perspectives on the matter. One responder highlighted the fact that
In a groundbreaking development, a London resident named Habibur Rahman has been charged with operating a Bitcoin ATM without proper registration. This marks the first instance in the UK where such charges have been brought before the courts. The 37-year-old was arrested following a raid at a gadget shop in Chatham by Kent Police. Moreover,
John is a dedicated writer and enthusiast in the ever-evolving world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become deeply engrossed in it for over two years. His passion lies in unraveling the complexities of blockchain technology and sharing insights on the latest trends in the cryptocurrency realm. John’s day
The recent Wells notice issued by the U.S. SEC to OpenSea has brought to light the potential implications of digital-asset regulation. The SEC is raising concerns that certain NFTs traded on the platform may be classified as unregistered securities, implying that OpenSea itself could be in violation of securities laws. This development has raised questions
Ryan Salame, a former FTX executive, recently withdrew his petition to dismiss the indictment against Michelle Bond just days before a critical court hearing. Salame was sentenced to 90 months in prison in May 2024 for conspiracy charges. Bond, a former congressional candidate, was accused of conspiring with Salame to unlawfully finance her 2022 campaign.
Congressman Wiley Nickel (D-NC) has recently taken a firm stance against the US Securities and Exchange Commission (SEC), accusing the agency of eroding trust in the regulatory system with its “regulation by enforcement” approach. His criticism highlights the detrimental impact of the SEC’s methods on digital innovation in the United States. Nickel’s vocal support for