News

Bitcoin Miners Respond to Halving Pressure

A look at how Bitcoin miners are adapting their strategies in response to reduced block rewards after the 2024 Bitcoin halving, with analysis of trends in miner balances and revenue dynamics.

Yagyesh Jaiswal

The steady decline in Bitcoin held by miners reflects the economic pressures they now face with half the block subsidy. Increased reliance on transaction fees and operational efficiency will likely continue shaping their approach in this new environment.

FBI's $4B Crypto Scammer Vanishes, Tied to Bulgarian Crime

This in-depth article examines the mysterious disappearance of OneCoin CEO Ruja Ignatova in 2017 and explores the latest evidence linking her to an infamous Bulgarian drug lord.

Yagyesh Jaiswal

While questions still remain about what truly happened to Ruja Ignatova, this comprehensive investigation uncovers disturbing new details about her alleged ties to a major crime figure and the possibility she was murdered for threatening his criminal operations.

Chainlink tech may fix NYSE glitch as Berkshire stock crashes 99%

Explore how Chainlink's decentralized oracle network could prevent stock market glitches by providing secure, tamper-proof data, as highlighted by the recent NYSE disruption involving Berkshire Hathaway.

Yagyesh Jaiswal

Discover how Chainlink’s technology could have prevented the NYSE glitch that saw Berkshire Hathaway shares falsely plummet by 99%, showcasing the need for enhanced data verification in stock markets.

MicroStrategy and Saylor settle tax fraud case for $40M.

Discover the details of the $40 million settlement between Michael Saylor, MicroStrategy, and the Washington D.C. Attorney General over alleged tax fraud, marking the largest recovery in D.C. history.

Yagyesh Jaiswal

Tech executive Michael Saylor and his company MicroStrategy settle a historic $40 million tax fraud case with D.C. authorities, without admitting guilt, amidst allegations of avoiding income taxes.

Binance Ex-CEO Changpeng Zhao Begins Prison Term

Binance founder Changpeng Zhao has started a 4 month prison sentence for failing to implement proper anti-money laundering controls at the world's largest cryptocurrency exchange.

Yagyesh Jaiswal

This landmark case represents a watershed moment, demonstrating regulators' increased scrutiny of the crypto industry and foreshadowing stricter compliance requirements to come. CZ's imprisonment may usher in a new era of accountability for exchanges as the technology matures.

Bitcoin Rides Out Volatility For Its Best May Since 2019

Bitcoin managed to post its strongest May price performance since 2019, gaining over 11% despite facing selling pressure in the last hours of trading which saw prices dip nearly 3%.

Yagyesh Jaiswal

While Bitcoin bulls were unable to flip a key resistance level before the monthly close, overall May price action showed the resilience of the largest cryptocurrency, recording double-digit gains for the month despite some volatile last-minute trading.

Luna Foundation Moves $95M in Crypto to Boost Security

Discover how Luna Foundation Guard is enhancing fund security by transferring $95 million in crypto to a new wallet, amid ongoing legal and regulatory developments.

Yagyesh Jaiswal

Luna Foundation Guard has moved $95 million in crypto to a new wallet as part of its strategy to enhance fund security, coinciding with legal developments involving Terraform Labs.

Bloomberg: Ethereum ETFs May Launch in June, Analysts Predict

Explore the potential launch of Ethereum ETFs by the end of June, as Bloomberg analyst Eric Balchunas weighs in on the updates from BlackRock and Grayscale and the SEC’s political motives.

Yagyesh Jaiswal

Bloomberg’s Eric Balchunas forecasts a potential June end launch for Ethereum ETFs in the U.S., highlighting recent regulatory filings and political factors influencing the SEC’s approval timeline.

AO Unveils Supercomputer Protocol on Arweave, Launches June 13

Discover AO's innovative blockchain protocol launching on June 13 on Arweave, offering unparalleled scalability, a fair token launch, and advanced computational capabilities.

Yagyesh Jaiswal

AO is set to launch on June 13 with a fair launch protocol on Arweave, offering a total supply of 21 million tokens and features that blend blockchain reliability with high-end server performance.

Biden Seeks Crypto Industry Input for 2024 Election Policies

President Biden’s campaign actively seeks input from the crypto industry to reformulate policies, marking a significant strategy pivot ahead of the 2024 elections.

Yagyesh Jaiswal

President Biden’s campaign is reaching out to the cryptocurrency industry for policy guidance, signaling a major shift in approach as the 2024 presidential election approaches.

BlackRock Boosts BTC With Millions Added To Two Bond Funds

Asset management giant BlackRock added $4.1 million of its iShares Bitcoin Trust (IBIT) ETF to two bond funds, demonstrating increased institutional interest in cryptocurrencies.

Yagyesh Jaiswal

By purchasing millions of dollars worth of the popular IBIT Bitcoin ETF, BlackRock expanded its Bitcoin exposure while positioning two bond portfolios to benefit from cryptocurrency adoption. This move reflects the firm's growing acceptance of digital assets.

BTC May Hit New ATH if May CPI Dips Below 3.3%

Discover a crypto analyst's prediction that Bitcoin will reach a new all-time high if the US CPI growth rate decreases below 3.3% in the May report.

Yagyesh Jaiswal

Bitcoin's price movements are closely tied to macroeconomic factors like inflation. A slower rise in the CPI could signal declining inflation pressures and boost confidence for the top cryptocurrency to climb to a renewed record peak.

PayPal Uses Solana to Boost PYUSD Adoption

PayPal expands its stablecoin PYUSD to the Solana blockchain, leveraging the network's high speeds and low costs to enhance transaction efficiency and promote broader adoption among users.

Yagyesh Jaiswal

PayPal adopts Solana's blockchain for its stablecoin PYUSD to capitalize on the network's efficiency, aiming to enhance payments and increase adoption among its vast merchant base.

Leveraged Ethereum Futures ETF Launches on CBOE

The upcoming launch of the first leveraged Ethereum futures ETF on CBOE may influence the SEC’s approval of spot Ethereum ETFs, marking a significant development in cryptocurrency investments.

Yagyesh Jaiswal

The first leveraged Ethereum ETF is set to debut on CBOE, potentially influencing the approval of spot Ethereum ETFs amidst growing interest from institutional investors.

Trump's Cryptocurrency Holdings Surpass $10 Million

Former President Donald Trump's cryptocurrency portfolio briefly topped $10 million in value, driven primarily by surging prices of the MAGA memecoin TRUMP, which he holds hundreds of thousands of tokens of.

Yagyesh Jaiswal

While Trump's crypto holdings have since declined alongside falling crypto markets, the spike demonstrates how individual investors can see their digital assets fluctuate wildly in value in this young industry.

Binance Accused of Misusing Victim Funds in South Korea

Cryptocurrency exchange Binance is facing investigations by South Korean authorities over allegations that it illegally sold crypto lender Genesis' claims and mishandled victims' funds from a suspended local exchange.

Yagyesh Jaiswal

As investigations continue, Binance must address serious accusations regarding its handling of user funds. The outcome could impact its operations in South Korea and set precedents for consumer protection in the crypto space.

JP Morgan Doubts Approval of Solana, Crypto ETFs Due to Regulations

JP Morgan expresses skepticism about the approval of Solana and other crypto ETFs, citing regulatory hurdles and the SEC's stringent classification of digital assets as securities.

Yagyesh Jaiswal

Amid the SEC's uncertain stance on Ethereum's classification, JP Morgan doubts the approval of ETFs for Solana and other cryptos, highlighting regulatory challenges.

Turbo: AI Memecoin Skyrockets to $618 Million Valuation

Discover the astonishing rise of Turbo, an AI-created memecoin, now valued at $618 million, highlighting the increasing interest in AI-driven crypto projects and the dynamics of memecoin mania.

Yagyesh Jaiswal

Turbo, an AI-generated memecoin, has surged to a $618 million market cap amid growing fascination with AI in crypto. Learn about its development, community-driven success, and future prospects.

Normie Hack Drains Liquidity, 90K Investor Loses $1.6M

Meme coin Normie suffered a catastrophic 99% price crash after attackers exploited vulnerabilities in the token's "copy-paste" smart contract, draining liquidity pools and causing investor losses of millions.

Yagyesh Jaiswal

The Normie meme coin project fell apart after attackers manipulated its total token supply through a contract exploit, completely draining liquidity pools. Key figures like the attacker's on-chain message offering to return some funds and the resulting $1.6 million loss of one investor are examined. Developers are warned to thoroughly review contracts before deployment instead of copying code without understanding.

Global Bitcoin ETFs Cross 1 Million BTC Under Management

A breakdown of how global Bitcoin ETFs have accumulated over 1 million BTC in assets under management, led by top ETFs in the US seeing steady inflows.

Yagyesh Jaiswal

Explore the growing accumulation of Bitcoin by ETFs worldwide, highlighted by US funds hitting 1 million BTC held collectively in March 2022. Continued inflows show rising demand for such investment products and exposure to the top cryptocurrency.

The $ASI Merge Will Transform Decentralized AI

Fetch.ai, SingularityNET, and Ocean Protocol are merging into a single network called ASI. This article explains the implications for current token holders and the future of decentralized AI.

Yagyesh Jaiswal

Three leading decentralized AI networks - Fetch.ai, SingularityNET, and Ocean Protocol - are merging to form the Artificial Superintelligence Alliance (ASI). Their native tokens will be converted into the new ASI token. This wide-ranging article details the merger, conversion process, implications, potential risks, and bright future for the ASI ecosystem.

JPMorgan Expects Spot Ethereum ETFs Trading Before 2024 Elections

JPMorgan predicts spot Ethereum ETFs will begin trading before the 2024 US elections, highlighting the increasing political importance of cryptocurrency in regulatory developments.

Yagyesh Jaiswal

JPMorgan forecasts that trading of newly approved spot Ethereum ETFs will start before the 2024 US elections, reflecting the growing political influence on cryptocurrency regulation.

Supreme Court Rejects Coinbase Arbitration in Dogecoin Dispute

The US Supreme Court rules against Coinbase, requiring a court decision over arbitration in the Dogecoin sweepstakes dispute, setting a significant legal precedent.

Yagyesh Jaiswal

The Supreme Court has denied Coinbase’s request to arbitrate a dispute related to its Dogecoin sweepstakes, affirming the priority of California court jurisdiction in a decision that could influence future crypto promotions.

SEC Approves ETH ETFs Despite Gary Gensler's Opposition

Explore the key differences in how the SEC approved the first Ether ETFs compared to earlier Bitcoin ETFs, notably that SEC Chairman Gary Gensler did not directly vote on the Ether products.

Yagyesh Jaiswal

While the approval of Ether ETFs is a positive step, questions remain around why the SEC chose a different process than Bitcoin ETFs and whether political factors may have played a role in Gary Gensler not directly voting as he did previously. More transparency could help reassure market participants.

Analyst Predicts Delay for Solana ETF Amid Regulatory Uncertainty

Explore why the anticipated Solana ETF might face delays due to regulatory challenges, as analyzed by Bloomberg's James Seyffart, amid growing interest from the crypto community.

Yagyesh Jaiswal

Bloomberg's James Seyffart predicts a delay in the launch of a Solana ETF due to regulatory hurdles, despite significant community interest and recent approvals of other crypto ETFs.