News

Jury Weighs Claims of Deception in the Terra Collapse

A jury has begun deliberations in the SEC's civil fraud case against Do Kwon and Terraform Labs. The SEC argues the collapse of TerraUSD in May 2022 was preceded by deception regarding the stablecoin's mechanics.

Yagyesh Jaiswal

After both sides presented their closing arguments, the jury must carefully consider the evidence and arguments to determine whether Do Kwon and Terraform Labs are liable for civil fraud. Their decision will offer insights into how the law views such cases involving new technologies

Continued BTC Accumulation Signals Strong Bullish Sentiment

A closer look at on-chain data reveals "accumulation addresses" have been steadily adding to their BTC holdings, which bodes well for the largest cryptocurrency.

Yagyesh Jaiswal

With accumulation addresses - a proxy for long-term investors - still accumulating Bitcoin despite short-term volatility, the underlying bullish sentiment suggests prices have further room to rise long term.

Ripple To Enter Stablecoin Market With Backed Digital Dollar

Payment giant Ripple has announced plans to launch their own USD-backed stablecoin, positioning itself to compete with Tether and Circle's dominance directly.

Yagyesh Jaiswal

Ripple aims to expand their offerings to include a transparent and compliant stable digital dollar to address market demands and provide an alternative to the giants. Facing challenges in gaining adoption, they believe leveraging regulatory credentials can differentiate them.

SEC Requests Feedback on Ethereum ETF Plans

The SEC opens a comment period for the public on applications for spot Ethereum ETFs by Grayscale, Fidelity, and Bitwise, highlighting a pivotal step in the regulatory approval process.

Yagyesh Jaiswal

The SEC has initiated a 21-day public comment period on spot Ethereum ETF applications from Grayscale, Fidelity, and Bitwise, marking an important phase in the potential approval of these cryptocurrency investment products.

VanEck: $1T for Ethereum L2 by 2030

VanEck's latest report predicts a bright future for Ethereum's Layer-2 protocols, anticipating a collective market capitalization of $1 trillion by 2030 due to their significant impact on blockchain scalability and efficiency.

Yagyesh Jaiswal

According to a recent VanEck report, Ethereum Layer-2 protocols are expected to achieve a collective market cap of $1 trillion by 2030, highlighting their crucial role in enhancing the scalability and efficiency of the Ethereum blockchain.

Ripple Exec Calls Out SEC's Inconsistent Crypto Oversight

Ripple's Chief Legal Officer Stuart Alderoty has criticized SEC Director of Enforcement Gurbir Grewal's comments on the crypto industry's compliance efforts, highlighting inconsistencies in the regulator's guidance.

Yagyesh Jaiswal

Ripple executive Stuart Alderoty's remarks challenge the SEC's regulatory approach to crypto and call for greater transparency and accountability from the financial watchdog. Alderoty believes the SEC needs to acknowledge issues with how it has enforced regulations and address the resulting damage.

Almost One in Ten Bitcoins Acquired at Over $60,000

New research from Glassnode shows that around 9.5% of the total Bitcoin supply, equating to nearly 1.88 million BTC, changed hands at prices higher than $60,000.

Yagyesh Jaiswal

While a large portion of these purchases were made by short-term holders, some long-term holders have also held strong since buying in late 2021 - demonstrating patience has its rewards in cryptocurrency markets.

Bitcoin Cash Price Dips After Halving But Recovers

Bitcoin Cash price dipped but has shown recovery signs after its recent halving event that reduced mining rewards and affected profitability temporarily. Read the key details here.

Yagyesh Jaiswal

This article analyzes the price movements of Bitcoin Cash around its recent halving event in April 2024. It explores the reasons for the initial dip in price citing the views of industry experts. Overall, BCH has recovered and shows signs of stability despite short-term fluctuations, indicating the event was managed smoothly on technical grounds.

Ethereum's Future: Coinbase CFO Optimistic Despite Regulation

Coinbase CFO Alesia Haas expresses confidence that Ethereum will not be classified as a security, highlighting the need for clearer crypto regulations in the US.

Yagyesh Jaiswal

Amidst regulatory scrutiny, Coinbase CFO Alesia Haas asserts Ethereum is unlikely to be deemed a security, emphasizing the critical need for comprehensive crypto regulation in the US for consumer protection and industry clarity.

Grayscale Slows Outflows, ARK 21Shares Losses Grow

For the first time since the launch of spot Bitcoin ETFs, Grayscale Bitcoin Trust records lower outflows than ARK 21Shares, indicating a shift in investor interest within the cryptocurrency ETF landscape.

Yagyesh Jaiswal

Grayscale Bitcoin Trust (GBTC) experienced its lowest outflows since March 12, totaling $82 million, falling behind ARK 21Shares' $87.5 million outflows, showcasing a significant moment in the cryptocurrency investment sphere.

Steven Nerayoff Promises Big Reveals on Ethereum Founders

Former Ethereum advisor Steven Nerayoff has promised "earth-shattering" revelations that could drastically change perceptions of the project. What is he planning to reveal?

Yagyesh Jaiswal

Nerayoff's announcement has crypto social media buzzing with speculation. Only time will tell if his claims have merit or are merely a disgruntled whistleblower's sensationalism. But the implications for Ethereum's image and future could be enormous if any wrongdoing is substantiated.

BTC ETF Trading Surges to $111B, Triple Previous Record

A look at how the approval of US spot Bitcoin ETFs led to March trading volumes tripling previous records, indicating their rapid adoption and strong demand from investors.

Yagyesh Jaiswal

The surge in trading activity of spot Bitcoin ETFs in March underscores how they fundamentally change market dynamics and drive new demand from institutional and retail investors alike. These regulated investment vehicles have cemented their place within Bitcoin markets with robust inflows and AUM.

Argentina Takes Major Steps to Regulate Crypto

Argentina has unveiled plans for a mandatory registry for Bitcoin and cryptocurrency platforms operating in the country. This has sparked discussions around its implications.

Yagyesh Jaiswal

While the new registry aims to satisfy international regulations, some see it as against the libertarian stance of Argentina's new leadership. Others feel it won't significantly impact users in the short term. Overall, reactions have been mixed as discussions continue around how it may shape the country's expanding cryptocurrency market.

UK Freezes Craig Wright's Assets Over Fees Dispute

A UK court has frozen £6 million of Craig Wright's assets amid concerns of potential asset dissipation, following a legal battle where Wright's claim to be Satoshi Nakamoto was contested.

Yagyesh Jaiswal

In a notable legal development, a UK court has frozen £6 million of Craig Wright's assets, addressing concerns that he might avoid paying court-imposed costs after losing a case that challenged his claim to be Bitcoin creator Satoshi Nakamoto.

Yusko Predicts Bitcoin to Reach $150K in 2024

Mark Yusko, CEO of Morgan Creek Capital, predicts Bitcoin's value could soar to $150,000 by the end of 2024, citing the halving event and the potential for U.S. Bitcoin spot ETFs as major catalysts.

Yagyesh Jaiswal

Morgan Creek Capital's Mark Yusko projects Bitcoin could reach $150,000 by the end of 2024, driven by the upcoming halving event and increased adoption, aligning with similar predictions by industry analysts.

DOGE Day Approaches: Community to Celebrate Memecoin Journey

DOGE Day is fast approaching and the Dogecoin community is excited to celebrate the growth of the popular meme coin. This year's event coincides with 4/20 and a potential Bitcoin halving - how will this impact price action?

Yagyesh Jaiswal

By analyzing key trends like open interest, funding rates, and exchange listings, it's clear that DOGE remains a community favorite. This year's DOGE Day promises lots of jokes, memes, and potentially some price increases depending on outside market forces.

Vitalik Promotes Charity with Memecoins

Ethereum co-founder Vitalik Buterin suggests the crypto community utilize the popularity of memecoins for philanthropy and social impact, steering away from mere speculation towards meaningful causes.

Yagyesh Jaiswal

Vitalik Buterin calls for a shift in the crypto community's approach to memecoins, emphasizing their potential for supporting charitable initiatives and impacting society positively, beyond just financial speculation.

Tether Buys $618M Bitcoin, Becomes Top Holder

Tether (USDT) solidifies its status as the seventh-largest Bitcoin holder, owning 0.3% of Bitcoin's circulating supply, highlighting its strategic diversification efforts amid growing institutional interest.

Yagyesh Jaiswal

After purchasing over 8,000 BTC worth approximately $618 million, Tether (USDT) has become the seventh-largest Bitcoin holder, underscoring its diversification strategy and the increasing institutional demand for Bitcoin.

A Potential China ETF Approval Could Trigger Massive Gains

Hong Kong’s move to allow a spot Bitcoin ETF could spark huge inflows into the crypto sector and trigger another massive rally, analysts say, as BTC and ETH extend record-setting gains.

Yagyesh Jaiswal

If approved, Hong Kong’s first-in-kind Bitcoin ETF would give Chinese investors renewed access to digital assets and supply fresh buying pressure that some predict could drive cryptocurrency prices to new heights.

Hackers Use Fake Ads & Sites on Mac to Steal Valuable Data

A new report details how threat actors are targeting Mac users through malicious advertisements and counterfeit websites promoting fake apps to install stealing malware and harvest victims' credentials and cryptocurrency holdings.

Yagyesh Jaiswal

As macOS devices become more mainstream, cybercriminals will continue pursuing innovative vectors like misleading ads and sham software downloads to infiltrate users' systems and filch their private information. Staying cautious of unconfirmed online content can help Apple enthusiasts avoid falling prey to such social engineering ploys.

Google Search Now Displays Bitcoin Address Data

Google recently began displaying Bitcoin transaction details in search results, greatly expanding mainstream access to blockchain data and paving the way for broader cryptocurrency understanding.

Yagyesh Jaiswal

By indexing basic Bitcoin blockchain data alongside web pages, Google may have launched one of the strongest catalysts yet for mainstream cryptocurrency adoption and comprehension. As access and literacy grow hand-in-hand, Bitcoin's future looks bright.

Vitalik Pushes for Memecoins to Support Social Causes

Ethereum co-founder Vitalik Buterin shares his perspective on harnessing the community interest in memecoins through initiatives focused on philanthropy and social impact.

Yagyesh Jaiswal

Buterin proposes that innovative projects combining fun and games with charitable causes have the potential to align memecoins with ethical values and generate meaningful contributions to society.

Bitwise Files for Ethereum ETF Amid Regulation Doubts

Bitwise has officially filed an application for a spot Ethereum ETF, aiming for SEC approval to offer direct exposure to ETH, amidst cautious market expectations for regulatory green light.

Yagyesh Jaiswal

Bitwise's recent filing for a spot Ethereum ETF seeks to provide investors with ETH exposure, despite analysts' low expectations for approval by the May 23 SEC deadline, highlighting the ongoing challenges in the digital asset ETF landscape.

Introducing Runes: Bitcoin's Biggest Upgrade Since Ordinals

Everything you need to know about Runes, the new Bitcoin-native digital commodity protocol that could transform how assets are handled on the Bitcoin blockchain.

Yagyesh Jaiswal

Runes marks an innovative advancement for Bitcoin that simplifies token creation and management while upholding the network's core principles of decentralization and security. The protocol's release comes at an important time as Bitcoin undergoes its next halving event.

Sam Bankman-Fried gets 25 years in Prison for FTX Collapse

Sam Bankman-Fried, the founder of collapsed crypto exchange FTX, faces prison time for allegations related to the company's downfall. This article details the key events and outcomes of his highly publicized court case.

Yagyesh Jaiswal

Through diligent reporting and careful analysis, this piece aims to inform readers about the complex SBF story in an objective yet engaging manner. Ultimately, the courts determined a prison sentence was justified, though debate remains as to fairness and lessons for the future.