The recent comments made by Federal Reserve chair Jerome Powell at the Jackson Hole symposium have sparked an increase in demand for bitcoin (BTC) in the United States. This surge in interest has led to a rise in the Coinbase Premium, reaching its highest level since July at 0.11%. The spike in this metric indicates
Crypto
The highly-anticipated 2024 bitcoin bull run has not unfolded as expected, despite the asset hitting a new all-time high earlier in the year. The journey towards the coveted $100,000 mark has hit some roadblocks, with the price losing momentum along the way. The completion of the halving in April marked a key milestone for Bitcoin,
The U.S. Securities and Exchange Commission (SEC) recently initiated legal action against two brothers accused of orchestrating a Ponzi scheme that defrauded investors of $60 million. The complaint, filed in August in the United States District Court for the Northern District of Georgia in Atlanta, alleges that Jonathan Adam and Tanner Adam deceived over 80
Centralization in the world of cryptocurrency has long been a topic of debate and contention. The decentralized ethos that crypto strives to uphold can be easily undermined by high levels of centralization. This issue becomes particularly pronounced when looking at the distribution of holdings among the top wallets of popular project tokens like Polygon (MATIC)
The recent transfer of 800 ETH by Ethereum co-founder Vitalik Buterin has once again sparked fresh discussions within the crypto community. This comes shortly after a larger transfer of 3,000 ETH on August 9. The total value of these transfers amounts to $10.05 million, raising concerns about Buterin’s intentions with his holdings. These movements have
Floki Inu (FLOKI) recently experienced a significant drop in value, leading to a decrease of almost 20%. As a result, the meme coin lost its position among the top 5 meme coins in terms of market capitalization. Currently trading at around $0.0001272, FLOKI’s market cap fell to $1.23 billion, placing it in the sixth position.
The past week has been a whirlwind for Bitcoin and other cryptocurrencies. Bitcoin started strong, reaching over $64,000 after Fed Chair Jerome Powell hinted at interest rate cuts and RFK endorsed a pro-crypto presidential candidate. However, the weekend brought quiet to Bitcoin despite turbulence in the rest of the market following the arrest of Pavel
Elon Musk, the CEO of Tesla Inc., has recently been in the spotlight regarding a high-profile lawsuit accusing him and his company of manipulating the price of Dogecoin (DOGE), a popular meme-based cryptocurrency. The lawsuit, filed in June 2022 by a group of Dogecoin holders, claimed that Musk and Tesla used social media and public
In the ever-volatile world of cryptocurrency, the past week has seen a mixed bag of results for major coins. While some experienced slight declines, others, such as Popcat, have shown remarkable strength in the market. Notably, Bitcoin saw a 3% slide following a drop in open interest for BTC futures among institutional investors. On the
The US Securities and Exchange Commission’s recent actions against various cryptocurrency platforms have stirred up controversy and concern within the digital asset community. OpenSea, a popular NFT platform, is the latest target of the SEC’s scrutiny. Devin Finzer, the CEO of OpenSea, took to social media to express his dismay at the regulatory watchdog’s move.
