The ongoing debate surrounding cryptocurrency regulation has taken a new turn, as Republican lawmakers raise serious concerns about the Securities and Exchange Commission’s (SEC) recent guidance on crypto custody. Led by prominent figures such as Rep. Patrick McHenry and Sen. Cynthia Lummis, these lawmakers are urging the SEC to revoke its Staff Accounting Bulletin No.
Crypto
In a startling turn of events, a long-dormant Bitcoin wallet has resurfaced, showcasing the unpredictable and often enigmatic nature of cryptocurrency investors. According to Arkham Intelligence, this wallet, which had lain in silence for a remarkable decade, executed a transaction earlier today, transferring 5 BTC to the Kraken exchange. This marks the wallet’s third transaction
In the ever-fluctuating cryptocurrency space, Bitcoin has once again proven its propensity for dramatic shifts. Just a day ago, its price dipped beneath the $63,000 mark, yet bulls quickly reasserted their influence, rallying the asset back towards the $64,000 threshold. This tug-of-war between buying pressure and selling resistance characterizes Bitcoin’s recent performance, following an intense
The cryptocurrency market often presents a volatile environment defined by rapid shifts in investor sentiment and significant financial maneuvers. Recently, two primary Grayscale funds—GBTC (Grayscale Bitcoin Trust) and ETHE (Grayscale Ethereum Trust)—experienced major net outflows that have sent ripples through the investment community. Reports indicated an outflow of $80.6 million from ETHE on a single
In the ever-evolving world of cryptocurrency, recent data indicates a notable resurgence in investor interest toward digital asset funds. According to a compelling report from CoinShares, the latest figures highlight a continuous upward trend, marked by $321 million in inflows for the second week running. While this indicates positive momentum, it is worth noting that
The gaming landscape has witnessed yet another surge in activity with the conclusion of Hamster Kombat’s inaugural season, which wrapped up in March 2024. This whimsical yet fiercely competitive game captivated an astonishing 300 million users, signifying a major shift in how casual gaming and blockchain technology can coalesce. With over 131 million players qualifying
In a notable development in the realm of digital finance, Canada has temporarily halted its Central Bank Digital Currency (CBDC) initiative, which was set into motion back in 2017. According to a September 18 report by CBC, the Bank of Canada has reevaluated its approach after conducting extensive research into the viability of a digital
The rapidly evolving blockchain ecosystem often witnesses significant shifts that pave the way for innovation and efficiency. In a landmark move, Jupiter Exchange, Solana’s premier decentralized trading platform, recently announced its acquisition of SolanaFM—a well-regarded blockchain explorer known for enhancing user insights within the Solana network. This acquisition marks a pivotal moment not just for
In an age where technology defines convenience, the traditional forms of payment still command significant loyalty from consumers. Recent findings from a survey conducted by Deutsche Bank indicate that despite the growing discourse surrounding Central Bank Digital Currencies (CBDCs), a large portion of the population remains deeply attached to cash and other conventional payment methods.
Artificial intelligence (AI) has emerged as a captivating frontier in the realm of cryptocurrencies, attracting attention from investors and developers alike. With the increasing intersection of AI and blockchain technology, tokens representing AI capabilities have gained significant traction in the market. Recently, crypto analytics platform Santiment evaluated various AI cryptocurrencies based on their development activity,