Michael Saylor, the founder of MicroStrategy, recently made headlines by voicing his opinions on Bitcoin custody, igniting a firestorm of criticism within the cryptocurrency community. His initial comments suggested that reputable, regulated financial institutions like Fidelity and BlackRock pose a lower risk for holding Bitcoin compared to unregulated entities. While his intention was likely to
Crypto
In mid-October, the decentralized finance (DeFi) landscape witnessed a significant breach when Radiant Capital fell victim to an attack that resulted in the loss of approximately $52 million in cryptocurrencies. This incident has once again spotlighted the fragility of smart contracts and the vulnerabilities that plague numerous DeFi platforms. According to blockchain security firm PeckShield,
The recent announcement from Nigerian authorities to drop all charges against Tigran Gambaryan, a prominent executive at Binance, sheds light on a critical intersection of international law, health concerns, and the burgeoning cryptocurrency industry. Facing accusations of money laundering alongside tax evasion, Gambaryan’s case highlights the precarious nature of regulatory environments surrounding digital currencies, particularly
The cryptocurrency market is often characterized by its erratic fluctuations and the endless speculation regarding the future of its leading assets. Ripple’s XRP is currently experiencing a downturn, yet some analysts predict a possible resurgence that could see it rival Ethereum (ETH) in market capitalization. However, the prevailing sentiment is more nuanced, with mixed opinions
The legal saga of Alex Mashinsky, former CEO of the defunct cryptocurrency platform Celsius, is set to unfold dramatically in the U.S. District Court for the Southern District of New York. Scheduled to appear on November 13, Mashinsky faces a litany of serious charges, including securities fraud, commodities fraud, wire fraud, and market manipulation. These
In the ever-evolving landscape of cryptocurrency, the U.S. Securities and Exchange Commission (SEC) has emerged as a formidable force regarding regulatory oversight. Gary Gensler, the current chair of the SEC, has consistently emphasized the agency’s dedication to investor protection, as reaffirmed in a recent Bloomberg interview. As the cryptocurrency market continues to burgeon, the SEC
Ethereum, one of the leading cryptocurrencies, finds itself in a precarious situation, as indicated by the rising Estimated Leverage Ratio (ELR). This metric reflects how much leverage traders are using in the market and is a vital barometer for measuring the current sentiment. In recent months, the ELR has seen an uptick, suggesting that an
In the rapidly shifting landscape of cryptocurrencies, the activity of “whales”—individuals or entities holding large amounts of crypto—can serve as a crucial indicator of market trends. Recent data has hinted at an unprecedented surge in whale transactions particularly for ApeCoin (APE), a token linked to the widely recognized Bored Ape Yacht Club (BAYC). In the
In the turbulent world of cryptocurrency, Bitcoin has faced a formidable obstacle that has thwarted its efforts to break through the $70,000 threshold. Recent trading sessions reveal a downward trend, with Bitcoin experiencing significant selling pressure resulting in a fall below $67,000. This decline marks a notable drop from the local peak of $2.5 trillion
In a recent interview with CNBC on October 22, renowned billionaire investor Paul Tudor Jones provided a stark warning regarding the inevitability of inflation in the current economic landscape. Jones elaborated on his investment strategies, revealing a strong inclination towards gold and Bitcoin while emphasizing that commodities are “ridiculously under-owned.” His assertive stance on diversifying